Exhibit 10.4

SUMMARY PLAN DESCRIPTION

KV Pharmaceutical Retirement Savings Plan



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KV Pharmaceutical Retirement Savings Plan



|                         |  |    |   |  |                        |  |  |                                          |  |  |    |  |  | 
|------------------------ |  | -- | - |  | ---------------------- |  |  | ---------------------------------------- |  |  | -- |  |  | 
|SUMMARY PLAN DESCRIPTION |  |    | 1 |  |                        | 
|                         |  |    |   | 
|I.                       |  |    |   |  | BASIC PLAN INFORMATION |  |  | 2                                        |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | ACCOUNT                                  |  |  | 2  |  |  | 
|                         |  | B. |   |  |                        |  |  | BENEFICIARY                              |  |  | 2  |  |  | 
|                         |  | C. |   |  |                        |  |  | DEFERRAL CONTRIBUTION                    |  |  | 2  |  |  | 
|                         |  | D. |   |  |                        |  |  | EMPLOYEE                                 |  |  | 2  |  |  | 
|                         |  | E. |   |  |                        |  |  | EMPLOYER                                 |  |  | 2  |  |  | 
|                         |  | F. |   |  |                        |  |  | ERISA                                    |  |  | 2  |  |  | 
|                         |  | G. |   |  |                        |  |  | HIGHLY COMPENSATED EMPLOYEE              |  |  | 2  |  |  | 
|                         |  | H. |   |  |                        |  |  | NON-HIGHLY COMPENSATED EMPLOYEE          |  |  | 3  |  |  | 
|                         |  | I. |   |  |                        |  |  | PARTICIPANT                              |  |  | 3  |  |  | 
|                         |  | J. |   |  |                        |  |  | PLAN TYPE                                |  |  | 3  |  |  | 
|                         |  | K. |   |  |                        |  |  | PLAN ADMINISTRATOR                       |  |  | 3  |  |  | 
|                         |  | L. |   |  |                        |  |  | PLAN NUMBER                              |  |  | 3  |  |  | 
|                         |  | M. |   |  |                        |  |  | PLAN SPONSOR                             |  |  | 3  |  |  | 
|                         |  | N. |   |  |                        |  |  | PLAN YEAR                                |  |  | 3  |  |  | 
|                         |  | O. |   |  |                        |  |  | SERVICE OF PROCESS                       |  |  | 3  |  |  | 
|                         |  | P. |   |  |                        |  |  | TRUSTEE                                  |  |  | 3  |  |  | 
|                         |  |    |   | 
|II.                      |  |    |   |  | PARTICIPATION          |  |  | 3                                        |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | ELIGIBILITY REQUIREMENTS                 |  |  | 3  |  |  | 
|                         |  |    |   | 
|III.                     |  |    |   |  | CONTRIBUTIONS          |  |  | 4                                        |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | COMPENSATION                             |  |  | 4  |  |  | 
|                         |  | B. |   |  |                        |  |  | EMPLOYEE DEFERRAL CONTRIBUTIONS          |  |  | 5  |  |  | 
|                         |  |    |   |  | 1.                     |  |  | Regular Deferral Contributions           |  |  | 5  |  |  | 
|                         |  |    |   |  | 2.                     |  |  | Age 50 and Over Catch-Up Contributions   |  |  | 5  |  |  | 
|                         |  | C. |   |  |                        |  |  | EMPLOYER MATCHING CONTRIBUTIONS          |  |  | 5  |  |  | 
|                         |  |    |   |  | 1.                     |  |  | Non-discretionary Matching Contributions |  |  | 5  |  |  | 
|                         |  |    |   |  | 2.                     |  |  | Qualified Matching Contributions         |  |  | 5  |  |  | 
|                         |  | D. |   |  |                        |  |  | NONELECTIVE CONTRIBUTIONS                |  |  | 6  |  |  | 
|                         |  |    |   |  | 1.                     |  |  | Discretionary Nonelective Contributions  |  |  | 6  |  |  | 
|                         |  | E. |   |  |                        |  |  | QUALIFIED NONELECTIVE CONTRIBUTIONS      |  |  | 6  |  |  | 
|                         |  | F. |   |  |                        |  |  | LIMIT ON CONTRIBUTIONS                   |  |  | 6  |  |  | 
|                         |  | G. |   |  |                        |  |  | ROLLOVER CONTRIBUTIONS                   |  |  | 6  |  |  | 
|                         |  |    |   | 
|IV.                      |  |    |   |  | INVESTMENTS            |  |  | 7                                        |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | INVESTMENTS                              |  |  | 7  |  |  | 
|                         |  | B. |   |  |                        |  |  | STATEMENT OF ACCOUNT                     |  |  | 7  |  |  | 
|                         |  | C. |   |  |                        |  |  | ELECTION                                 |  |  | 8  |  |  | 
|                         |  |    |   | 
|V.                       |  |    |   |  | VESTING                |  |  | 8                                        |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | FORFEITURE AND RE-EMPLOYMENT             |  |  | 10 |  |  | 
|                         |  |    |   | 
|VI.                      |  |    |   |  | PARTICIPANT LOANS      |  |  | 11                                       |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | GENERAL LOAN RULES                       |  |  | 11 |  |  | 
|                         |  | B. |   |  |                        |  |  | SPECIFIC LOAN PROCEDURES                 |  |  | 11 |  |  | 
|                         |  |    |   |  | 1.                     |  |  | Loan Application                         |  |  | 11 |  |  | 
|                         |  |    |   |  | 2.                     |  |  | Loan Amount                              |  |  | 11 |  |  | 
|                         |  |    |   |  | 3.                     |  |  | Number of Loans                          |  |  | 11 |  |  | 
|                         |  |    |   |  | 4.                     |  |  | Interest Rate                            |  |  | 11 |  |  | 
|                         |  |    |   |  | 5.                     |  |  | Loan Repayments and Loan Maturity        |  |  | 11 |  |  | 
|                         |  |    |   |  | 6.                     |  |  | Default or Termination of Employment     |  |  | 12 |  |  | 
|                         |  |    |   | 
|VII.                     |  |    |   |  | IN SERVICE WITHDRAWALS |  |  | 12                                       |  |  |   
|                         |  |    |   |  |                       
|                         |  | A. |   |  |                        |  |  | HARDSHIP WITHDRAWALS                     |  |  | 12 |  |  | 



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|KV Pharmaceutical Retirement Savings Plan |  | i



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|                                          |  |    |    |                             |  |                                                                                         |    |    |    |  |  | 
|----------------------------------------- |  | -- | -- | --------------------------- |  | --------------------------------------------------------------------------------------- | -- | -- | -- |  |  | 
|                                          |  | B. |    |                             |  | WITHDRAWALS AFTER AGE 591/2                                                             |    | 12 |    |  | 
|                                          |  | C. |    |                             |  | WITHDRAWALS AFTER AGE 701/2                                                             |    |    | 12 |  |  | 
|                                          |  | D. |    |                             |  | WITHDRAWALS AFTER NORMAL RETIREMENT AGE                                                 |    |    | 13 |  |  | 
|                                          |  | E. |    |                             |  | WITHDRAWALS OF ROLLOVER CONTRIBUTIONS                                                   |    |    | 13 |  |  | 
|                                          |  |    |    |                            
|VIII.                                     |  |    |    | DISTRIBUTION OF BENEFITS    |  |                                                                                         | 13 |    |    | 
|                                          |  |    |    |                             | 
|                                          |  | A. |    |                             |  | ELIGIBILITY FOR BENEFITS                                                                |    |    | 13 |  |  | 
|                                          |  | B. |    |                             |  | DISTRIBUTABLE EVENTS                                                                    |    |    | 13 |  |  | 
|                                          |  |    |    | 1.                          |  | Death                                                                                   |    |    | 13 |  |  | 
|                                          |  |    |    | 2.                          |  | Disability                                                                              |    |    | 14 |  |  | 
|                                          |  |    |    | 3.                          |  | Retirement                                                                              |    |    | 14 |  |  | 
|                                          |  |    |    | 4.                          |  | Minimum Required Distributions                                                          |    |    | 14 |  |  | 
|                                          |  |    |    | 5.                          |  | Termination of Employment                                                               |    |    | 14 |  |  | 
|                                          |  | C. |    |                             |  | FORM OF PAYMENTS                                                                        |    |    | 14 |  |  | 
|                                          |  |    |    | 1.                          |  | Lump Sum Distributions                                                                  |    |    | 14 |  |  | 
|                                          |  |    |    |                             |  | a)               Non-rollover
Distribution                                              |    |    | 14 |  |  | 
|                                          |  |    |    |                             |  | b)               Direct Rollover
Distribution                                           |    |    | 14 |  |  | 
|                                          |  |    |    |                             |  | c)               Combination Non-rollover
Distribution and Direct Rollover Distribution |    |    | 15 |  |  | 
|                                          |  |    |    | 2.                          |  | Partial Withdrawals following Termination of Employment                                 |    |    | 15 |  |  | 
|                                          |  |    |    | 3.                          |  | Installment Distributions                                                               |    |    | 15 |  |  | 
|                                          |  |    |    |                            
|IX.                                       |  |    |    | MISCELLANEOUS INFORMATION   |  |                                                                                         | 15 |    |    | 
|                                          |  |    |    |                             | 
|                                          |  | A. |    |                             |  | BENEFITS NOT INSURED                                                                    |    |    | 16 |  |  | 
|                                          |  | B. |    |                             |  | ATTACHMENT OF YOUR ACCOUNT                                                              |    |    | 16 |  |  | 
|                                          |  | C. |    |                             |  | PLAN-TO-PLAN TRANSFER OF ASSETS                                                         |    |    | 16 |  |  | 
|                                          |  | D. |    |                             |  | PLAN AMENDMENT                                                                          |    |    | 16 |  |  | 
|                                          |  | E. |    |                             |  | PLAN TERMINATION                                                                        |    |    | 16 |  |  | 
|                                          |  | F. |    |                             |  | INTERPRETATION OF PLAN                                                                  |    |    | 16 |  |  | 
|                                          |  | G. |    |                             |  | ELECTRONIC DELIVERY                                                                     |    |    | 16 |  |  | 
|                                          |  |    |    |                            
|X.                                        |  |    |    | INTERNAL REVENUE CODE TESTS |  |                                                                                         | 17 |    |    | 
|                                          |  |    |    |                             | 
|                                          |  | A. |    |                             |  | NON-DISCRIMINATION TESTS                                                                |    |    | 17 |  |  | 
|                                          |  | B. |    |                             |  | TOP HEAVY TEST                                                                          |    |    | 17 |  |  | 
|                                          |  |    |    |                            
|XI.                                       |  |    |    | PARTICIPANT RIGHTS          |  |                                                                                         | 17 |    |    | 
|                                          |  |    |    |                             | 
|                                          |  | A. |    |                             |  | CLAIMS                                                                                  |    |    | 17 |  |  | 
|                                          |  |    |    | 1.                          |  | Claims Procedures                                                                       |    |    | 17 |  |  | 
|                                          |  |    |    | 2.                          |  | Review Procedures (For Appeal of an Adverse Benefit Determination)                      |    |    | 18 |  |  | 
|                                          |  | B. |    |                             |  | STATEMENT OF ERISA RIGHTS                                                               |    |    | 19 |  |  | 
|                                          |  |    |    |                            
|XII.                                      |  |    |    | SERVICES AND FEES           |  |                                                                                         | 20 |    |    | 
|                                          |  |   
|APPENDIX A.            INVESTMENT OPTIONS |  |    | 21 |                             |  |                                                                                        



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|KV Pharmaceutical Retirement Savings Plan |  | ii



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|                                                                   
|-------------------------------------------------------------------
|SUMMARY PLAN
DESCRIPTION  KV
PHARMACEUTICAL RETIREMENT SAVINGS PLAN

The KV Pharmaceutical Retirement Savings Plan (the Plan) of KV Pharmaceutical has been amended as of 05/31/2010 (the Effective
Date). This Plan is intended to be a qualified retirement plan under the Internal Revenue Code.

The purpose of the plan is to enable
eligible Employees to save for retirement. As well as retirement benefits, the plan provides certain benefits in the event of death, disability, or other termination of employment. The Plan is for the exclusive benefit of eligible Employees and
their Beneficiaries.

This booklet is called a Summary Plan Description (SPD) and it contains a summary in understandable language
of your rights and benefits under the plan. If you have difficulty understanding any part of this SPD, you should contact the Plan Administrator identified in the Basic Plan Information section of this document during normal business hours for
assistance.

This SPD is a brief description of the principal features of the plan document and trust agreement and is not meant to interpret,
extend or change these provisions in any way. A copy of the plan document is on file with the Plan Administrator and may be read by any employee at any reasonable time. The plan document and trust agreement shall govern if there is a discrepancy
between this SPD and the actual provisions of the plan.

This SPD is based on the federal tax implications of your participation in the Plan,
transactions made within your Account, and distributions you may receive from the plan. The state tax implications of your participation and these transactions should be determined based on an examination of appropriate state law. Please consult
with your tax advisor if you have any questions regarding state tax law.



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|----------------------------------------- |  | -
|KV Pharmaceutical Retirement Savings Plan |  | 1



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|                         
|-------------------------
|I. Basic Plan Information

The information in this section contains definitions to some of the
terms that may be used in this SPD and general Plan information. If the first letter of any of the terms defined below is capitalized when it is used within this SPD, then it represents the indicated defined term.



|A. | Account
|-- | -------

An Account shall be established
by the Trustee to record contributions made on your behalf and any related income, expenses, gains or losses. It may also be referred to as an Account balance.



|B. | Beneficiary
|-- | -----------

This is the person or
persons (including a trust) you designate, or who are identified by the plan document if you fail to designate or improperly designate, who will receive your benefits in the event of your death. You may designate more than one Beneficiary.



|C. | Deferral Contribution
|-- | ---------------------

This is a
contribution taken directly from the pay of an Employee and contributed to the Plan, subject to certain limits (described below). The plan permits you to make only pre-tax Deferral Contributions.



|D. | Employee
|-- | --------

An Employee is an individual
who is employed by your Employer as a common law employee or, in certain cases, as a leased employee and is not terminated.



|E. | Employer
|-- | --------

The name and address of your
Employer is:

KV Pharmaceutical

1
Corporate Woods

Bridgeton, MO 63044

(314) 645-6600

Your Employers federal
tax identification number is: 43-0618919

The following Employer(s) also participate in the Plan and employees of each employer listed below
shall be eligible to participate in accordance with the Participation section of this Summary Plan Description.



|                                  |  |                             |  |            
|--------------------------------- |  | --------------------------- |  | -----------
|Federal Tax
Identification Number |  | Participating Employer Name |  | Designation
|13-1587982                        |  | Particle Dynamics, Inc.     |  | Related    
|                                  |  |                            
|43-1833624                        |  | Ther-Rx Corporation         |  | Related    
|                                  |  |                            
|43-1374865                        |  | Ethex Corporation           |  | Related    



|F. | ERISA
|-- | -----

The Employee Retirement Income
Security Act of 1974 (ERISA) identifies the rights of Participants and Beneficiaries covered by a qualified retirement plan.



|G. | Highly Compensated Employee
|-- | ---------------------------

An Employee
is considered a highly compensated Employee if (i) at anytime during the current or prior year you own, or are considered to own, at least five percent of your Employer, or (ii) received compensation from your Employer during the prior
year in excess of $105,000, as adjusted and you are in the top paid group consisting of the top 20% of employees ranked by compensation.



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|KV Pharmaceutical Retirement Savings Plan |  | 2



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|H. | Non-Highly Compensated Employee
|-- | -------------------------------

An
Employee who is not a Highly Compensated Employee.



|I. | Participant
|-- | -----------

A participant is an eligible
Employee who has satisfied the eligibility and entry date requirements and is eligible to participate in the Plan or a formerly eligible Employee who has an account balance remaining in the Plan.



|J. | Plan Type
|-- | ---------

The KV Pharmaceutical
Retirement Savings Plan is a defined contribution plan. These types of plans are commonly described by the method by which contributions for participants are made to the plan. The KV Pharmaceutical Retirement Savings Plan is a 401(k) deferral plan.
More information about the contributions made to the plan can be found in Section III, Contributions.



|K. | Plan Administrator
|-- | ------------------

The Plan
Administrator is responsible for the administration of the Plan and its duties are identified in the plan document. In general, the Plan Administrator is responsible for providing you and your Beneficiaries with information about your rights and
benefits under the Plan. The name and address of the Plan Administrator is:

KV Pharmaceutical

1 Corporate Woods

Bridgeton, MO 63044

(314) 645-6600



|L. | Plan Number
|-- | -----------

The three digit IRS number
for the Plan is 001.



|M. | Plan Sponsor
|-- | ------------

Your Employer is the
sponsor of the Plan.



|N. | Plan Year
|-- | ---------

The Plan Year is the
twelve-month period ending on the last day of March. Your Employer may only change or have changed the Plan Year by amending and restating to a new Plan Document.



|O. | Service of Process
|-- | ------------------

The plans agent
for service of legal process is the Plan Administrator.



|P. | Trustee
|-- | -------

The trustee is responsible for
trusteeing the Plans assets. The trustees duties are identified in the trust agreement and relate only to the assets in its possession. The name and address of the Plans Trustee are:

Fidelity Management Trust Company

82
Devonshire Street

Boston, MA 02109



|                 
|-----------------
|II. Participation



|A. | Eligibility Requirements
|-- | ------------------------

You are
eligible to participate in the Plan if you are an Employee.



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|KV Pharmaceutical Retirement Savings Plan |  | 3



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However, you are not eligible to participate if you are:



| |  |  | a resident of Puerto Rico
| | - |  | -------------------------



| |  |  | covered by a collective bargaining agreement for which retirement benefits have been the subject of good faith negotiations
| | - |  | ---------------------------------------------------------------------------------------------------------------------------



| |  |  | a Leased Employee.
| | - |  | ------------------

You
are also not eligible to participate if you are an individual who is a signatory to a contract, letter of agreement, or other document that acknowledges your status as an independent contractor not entitled to benefits under the Plan and you are not
otherwise classified by the Employer as a common law employee or the Employer does not withhold income taxes, file Form W-2 (or any replacement form), or remit Social Security payments to the Federal government for you, even if you are later
adjudicated to be a common law employee.

You will become eligible to participate in the Plan according to the table below:



|                                                                          |  |                 |  |                           |  |                                                 
|------------------------------------------------------------------------- |  | --------------- |  | ------------------------- |  | ------------------------------------------------
|Contribution type                                                         |  | Age Requirement |  | Service Requirement       |  | Entry Date                                      
|Employee Deferral Contributions and Qualified Non-Elective Contributions. |  | 21              |  | None                      |  | Immediate uponmeeting alleligibilityrequirements
|                                                                          |  |                 | 
|Employer Matching Contributions                                           |  | 21              |  | None                      |  | Immediate uponmeeting alleligibilityrequirements
|                                                                          |  |                 | 
|Employer Non-Elective Contributions                                       |  | 21              |  | One year with 1,000 hours |  | Immediate uponmeeting alleligibilityrequirements

Service with the following predecessor employers, if applicable, shall be counted for eligibility purposes:



| |  |  | Particle Dynamics, Inc.
| | - |  | -----------------------



| |  |  | Ther-Rx Corporation
| | - |  | -------------------



| |  |  | Ethex Corporation
| | - |  | -----------------

Once
you become a Participant you are eligible to participate in the Plan until you terminate your employment with your Employer or become a member of a class of Employees excluded from the Plan. If you terminate your employment after you have met the
eligibility requirements, and are later re-employed by your Employer, you will again be eligible to participate in the Plan when you complete one hour of service.



|                  
|------------------
|III. Contributions

After you satisfy the participation requirements in Section II of this Summary Plan Description, you will be eligible to make Deferral Contributions. In addition, your Employer may make matching and
nonelective contributions to your Account. The type(s) of contributions available under the Plan are described in this section.



|A. | Compensation
|-- | ------------

Compensation must be
defined to compute contributions under the Plan. For purposes of determining contributions, only Compensation paid to you for services you performed while employed as an Eligible Employee shall be considered. Eligible compensation for computing
contributions under the Plan is the taxable compensation for a Plan Year reportable by your Employer on your IRS Form W-2, excluding reimbursements or other expense allowances, fringe benefits, moving expenses, deferred compensation and welfare
benefits and including salary reduction contributions you made to an Employer sponsored cafeteria, qualified transportation fringe, simplified employee pension, 401(k), 457(b) or 403(b) plan.



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|KV Pharmaceutical Retirement Savings Plan |  | 4



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The definition of compensation for your plan for purposes of computing contributions also excludes certain
amounts from certain contribution source types as indicated in the table below.



|                                                                        |  |                                                                                                                                                                       
|----------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Source                                                                  |  | Exclusion (s)                                                                                                                                                         
|Employee Deferral Contributions and
Qualified Nonelective Contributions |  | No Exclusions.                                                                                                                                                        
|                                                                        | 
|Employer Matching Contributions                                         |  | No Exclusions.                                                                                                                                                        
|                                                                        | 
|Employer Nonelective Contributions                                      |  | Overtime Pay, Bonuses, Commissions, Taxable Value of any restricted stock or any qualified or nonqualified Stock options, Severance pay received prior to
termination.

Compensation for your first year of eligible Plan participation will be measured only for that portion of your
initial Plan Year that you are eligible. Tax laws limit the amount of compensation that may be taken into account each Plan Year; the maximum amount for the 2010 Plan Year is $245,000.



|B. | Employee Deferral Contributions
|-- | -------------------------------



| | 1. | Regular Deferral Contributions
| | -- | ------------------------------

You may elect to defer a percentage of your eligible compensation into the Plan after you satisfy the Plans eligibility requirements. The percentage of your eligible compensation you elect will be
withheld from each payroll and contributed to an Account in the Plan on your behalf. For pre-tax contributions being withheld from your compensation, the percentage you defer is subject to an annual limit of the lesser of 60% of eligible
compensation or $16,500 (in 2010; thereafter as adjusted by the Secretary of the Treasury) in a calendar year.

All Deferral
Contributions will be withheld from your pay on a pre-tax basis (for federal income tax purposes).

Your Deferral Contributions
cannot be forfeited for any reason, however, there are special Internal Revenue Code rules that must be satisfied and may require that some of your contributions be returned to you. The Plan Administrator will notify you if any of your contributions
will be returned. You may increase or decrease the amount you contribute as of the beginning of each payroll period. You may completely suspend your contributions with sufficient notice to the Plan Administrator. Thereafter, if you want to resume
your Deferral Contributions as of the first day of the beginning of each payroll period, you must complete a new election form.



| | 2. | Age 50 and Over Catch-Up Contributions
| | -- | --------------------------------------

The Plan provides that participants who are projected to be age 50 or older by the end of the calendar year and who are making Deferral Contributions to the Plan may also make a catch-up contribution of
up to $5,500 (in 2009; thereafter as adjusted by the Secretary of the Treasury).



|C. | Employer Matching Contributions
|-- | -------------------------------

You
become eligible for matching contributions only if you make Deferral Contributions. For purposes of determining your matching contributions under the Plan, your Contributions will not include Age 50 and Over Catch-Up Contributions. Employer matching
contributions must be allocated to your Account in the Plan within prescribed legal time limits.



| | 1. | Non-discretionary Matching Contributions
| | -- | ----------------------------------------

Non-discretionary matching contributions will be computed by your Employer based on your eligible compensation contributed to the Plan each Plan Year. Your Employer shall make non-discretionary matching
contributions in an amount equal to 50% of your Deferral Contributions subject to a maximum of 7% of your eligible compensation contributed to the Plan.



| | 2. | Qualified Matching Contributions
| | -- | --------------------------------

Your Employer may designate all or a portion of any matching contributions for a Plan Year as qualified matching contributions and allocate them to employees to help the Plan pass one or more
annually required Internal Revenue Code nondiscrimination test(s). Any such contributions will be allocated to those Participants eligible to receive the Employer matching contributions described above who made Deferral Contributions during the Plan
Year. Participants are 100% vested in these contributions and may not request a hardship withdrawal of these contributions.



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|KV Pharmaceutical Retirement Savings Plan |  | 5



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|D. | Nonelective Contributions
|-- | -------------------------



| | 1. | Discretionary Nonelective Contributions
| | -- | ---------------------------------------

Your Employer may make discretionary nonelective contributions in an amount to be determined by the Board of Directors for each Plan Year. You must complete at least 1,000 hours of service during the Plan
Year and be employed as of the last day of the Plan Year to be eligible to receive any nonelective contributions that may be made for that Plan Year. You do not need to satisfy this requirement if you die, become disabled or retire during the Plan
Year. Discretionary nonelective contributions, if any, made to the Plan by your Employer will be allocated to your Account in the ratio that your eligible compensation bears to the total eligible compensation paid to all eligible Participants.



|E. | Qualified Nonelective Contributions
|-- | -----------------------------------

Your
Employer may designate all or a portion of any nonelective contributions for a Plan Year as qualified nonelective contributions and allocate them to Non-Highly Compensated Employees to help the Plan pass one or more annually required
Internal Revenue Code nondiscrimination test(s). You will be 100% vested in these contributions and may not request a hardship withdrawal of these contributions.



|F. | Limit on Contributions
|-- | ----------------------

Federal law
requires that amounts contributed by you and on your behalf by your Employer for a given limitation year generally may not exceed the lesser of:

$49,000 (or such amount as may be prescribed by the Secretary of the Treasury); or

100% of your
annual compensation.

The limitation year for purposes of applying the above limits is the twelve month period ending March 31.
Contributions under this Plan, along with Employer contributions under any other Employer-sponsored defined contribution plans, may not exceed the above limits. If this does occur, then excess contributions in your Account may be forfeited or
refunded to you based on the provisions of the Plan document. You will be notified by the Plan Administrator if you have any excess contributions. Income tax consequences may apply on the amount of any refund you receive.



|G. | Rollover Contributions
|-- | ----------------------

You can roll over
part or all of an eligible rollover distribution you receive from an eligible retirement plan into this Plan even if you have not yet satisfied the age and Eligibility service requirements described in Section II above; however you will not become a
Participant in the Plan and become entitled to make Deferral Contributions and share in Employer contributions until you have met the Plans eligibility and entry date requirements. An eligible retirement plan is a qualified plan under
Section 401(a), a 403(a) annuity plan, a 403(b) annuity contract, an eligible 457(b) plan maintained by a governmental employer, and an individual retirement account and individual retirement annuity. An eligible rollover distribution includes
any distribution from an eligible retirement plan, except any distribution from an individual retirement account or an individual retirement annuity consisting of nondeductible contributions or any distribution from a 403(b) annuity contract
consisting of after-tax employee contributions. Making Rollover Contributions to the Plan that consist of assets other than qualified 401(a) plan assets may result in the loss of favorable capital gains or ten year income averaging tax treatment
that may otherwise be available with respect to a lump sum distribution to you from the Plan. The loss of this favorable tax treatment may also occur if you make a Rollover Contribution to the Plan that consists of qualified 401(a) plan assets under
certain circumstances. If you may be eligible for this special tax treatment, you should consult your tax advisor and carefully consider the impact of making a Rollover Contribution to the Plan.

The Plan Administrator must approve any Rollover Contribution and reserves the right to refuse to accept any such contribution. If your Rollover
Contribution to the Plan is not a direct rollover (i.e., you received a cash distribution from your eligible retirement plan), then it must be received by the Trustee within 60 days of your receipt of the distribution and must not contain any after
tax contribution amounts. Rollover Contributions may only be made in the form of cash, allowable fund shares, or (if the Plan allows new loans in accordance with the terms of this SPD) promissory notes from an eligible retirement plan. Your Rollover
Contributions Account will be subject to the terms of this Plan and will always be fully vested and nonforfeitable. In general, if you receive an eligible rollover distribution as a surviving spouse of a participant or as a spouse or former spouse
who is an alternate payee pursuant to a qualified domestic relations order (QDRO), you may also make a Rollover Contribution to the Plan.



|                                          |  |  
|----------------------------------------- |  | -
|KV Pharmaceutical Retirement Savings Plan |  | 6



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The Plan will not accept a Rollover Contribution of any amounts attributable to Roth (after-tax deferral)
contributions made to another plan.



|               
|---------------
|IV. Investments



|A. | Investments
|-- | -----------

The
Employee Retirement Income Security Act of 1974 (ERISA) imposes certain duties on the parties who are responsible for the operation of the Plan. These parties, called fiduciaries, have a duty to invest Plan assets in a prudent manner. However, an
exception exists for plans that comply with ERISA Section 404(c) and permit a Participant to exercise control over the assets in his/her Account and choose from a broad range of investment alternatives. This Plan is intended to be a
Section 404(c) plan. To the extent that you have directed the investment of assets in your Account under the Plan, you are responsible for the investment decisions you made relating to those assets and the Plan fiduciaries are not responsible
for any losses resulting from your investment instructions. In addition, you have the right to direct the trustee regarding mutual fund proxy voting based on the number of shares you own. Please see Appendix A for a list of the investments currently
available under the Plan. If you are invested in the Stock Fund, with the exception of certain participants described in Appendix A to this SPD, your purchases and sales of units of the Stock Fund will be executed directly through the Trustee. If
you are invested in the Stock Fund, you will also be given the opportunity to exercise voting rights for shares of the corporation allocated to your Account at all times that corporate shareholders vote. The Plan Administrator has established
procedures to ensure that Participant purchase, holding and sale of units of the Stock Fund, as well as the exercise of voting rights with respect to the stock, shall be held in the strictest confidence (not disclosed to the Employer). The Plan
Administrator is responsible for monitoring compliance with these confidentiality procedures. Please see Appendix A for a list of the investments currently available under the Plan. You can get additional information about any investment alternative
or the proxy voting for them; by contacting Fidelity by calling 1-800-294-4015 or by accessing the NetBenefits®
web site at www.netbenefits.com. The Plan Administrator is the Plan fiduciary responsible for providing the following additional information (all of which can be obtained by contacting Fidelity):



| |  |  | A description of the annual operating expenses of each investment fund (e.g., investment management fees, administrative fees, transaction costs) which
reduce the rate of return to you, and the aggregate amount of such expenses expressed as a percentage of average net assets of the designated investment alternative;
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Prospectuses, financial statements and reports, plus any other material provided to the Plan which relates to the available investment alternatives;
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | A list of the assets comprising the portfolio of each investment fund that constitute plan assets within the meaning of 29 CFR 2510.3-101, the value of
each such asset (or the proportion of the investment fund which it comprises), and with respect to each such asset which is a fixed rate investment contract issued by a bank, savings and loan association or insurance company, the name of the issuer
of the contract, the term of the contract and the rate of return on the contract;
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Information concerning the value of shares or units of the investment funds available to you under the Plan, as well as the past investment performance
of such funds, determined net of expenses, on a reasonable and consistent basis; and
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Information concerning the value of shares or units in the investment funds held in your Plan account.
| | - |  | ------------------------------------------------------------------------------------------------------



|B. | Statement of Account
|-- | --------------------

The assets in the Plan are invested in available investment options and a separate Account is established for each Participant who
receives and/or makes a contribution. The value of your Account is updated each business day to reflect any contributions, exchanges between investment options, investment earnings or losses for each investment option and withdrawals. Your account
statement is available online through NetBenefits® at www.netbenefits.com. You can view and print a
statement for any time period up to 24 previous months. A statement is also available to be automatically mailed to you every three months. You can initiate these mailings by logging on to
NetBenefits® and selecting Mail Preferences under the Accounts tab.



|                                          |  |  
|----------------------------------------- |  | -
|KV Pharmaceutical Retirement Savings Plan |  | 7



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|C. | Election
|-- | --------

The Plan is intended to qualify
as a Participant-directed plan under Section 404(c) of ERISA. This means that you are responsible for your investment decisions under the plan and any resulting investment activity. The plan fiduciaries, including, but not limited to, Fidelity
Management Trust Company and KV Pharmaceutical, are not responsible for any losses incurred as a result of your investment decisions.



|          
|----------
|V. Vesting

The term vesting refers to your nonforfeitable
right to the money in your Account. You receive vesting credit for the number of years that you have worked for your Employer and any Related Employer. In addition, service with the following Employers will be included to determine the number of
years of service for vesting purposes:



| |  |  | Particle Dynamics, Inc.
| | - |  | -----------------------



| |  |  | Ther-Rx Corporation
| | - |  | -------------------



| |  |  | Ethex Corporation
| | - |  | -----------------

If you
terminate your employment with your Employer, you may be able to receive a portion or all of your Account based on your vested percentage. Your employer has preserved a prior vesting schedule in the Plan. The Additional Vesting Schedule section
below will indicate if a different vesting schedule applies to you. You are always 100% vested in your Rollover Contributions, Qualified Matching Contributions, Qualified Nonelective Contributions, Deferral Contributions and any earnings thereon.
Your Employer Nonelective Contributions and earnings shall be vested in accordance with the following schedule:



|                 |  |  |                    | 
|---------------- |  |  | ------------------ | 
|Years of Service |  |  | Vesting Percentage | 
|                 | 
|less than 3      |  |  | 0                  | 
|                 | 
|3                |  |  | 100                | 

Your Employer Matching Contributions
and earnings shall be vested in accordance with the following schedule:



|                 |  |  |                    | 
|---------------- |  |  | ------------------ | 
|Years of Service |  |  | Vesting Percentage | 
|                 | 
|less than 2      |  |  | 0                  | 
|                 | 
|2                |  |  | 20                 | 
|                 | 
|3                |  |  | 40                 | 
|                 | 
|4                |  |  | 60                 | 
|                 | 
|5                |  |  | 80                 | 
|                 | 
|6                |  |  | 100                | 

Additional Vesting Schedules

Employees who are members of certain class(es), specified below, receive a different vesting schedule for the below-specified
contribution:

Your Discretionary Profit Sharing contributions will be subject to the vesting schedule appearing immediately below if you are
a member of the following class: Participants who do not complete an Hour of Service on or after April 1, 2007



|                 |  |  |                    | 
|---------------- |  |  | ------------------ | 
|Years of Service |  |  | Vesting Percentage | 
|                 | 
|less than 5      |  |  | 0                  | 
|                 | 
|5                |  |  | 100                | 



|                                          |  |  
|----------------------------------------- |  | -
|KV Pharmaceutical Retirement Savings Plan |  | 8



---

Your Discretionary Profit Sharing, Employer Match contributions will be subject to the vesting schedule
appearing immediately below if you are a member of the following class: Participants who were Employees of the Employer as of February 6, 2009 and were involuntarily terminated on such date.



|                 |  |                   
|---------------- |  | ------------------
|Years of Service |  | Vesting Percentage
|                 | 
|less than 1      |  | 100               

Your Discretionary Profit Sharing,
Employer Match contributions will be subject to the vesting schedule appearing immediately below if you are a member of the following class: Participants who were Employees of the Employer on February 7, 2009



|                 |  |  |                    | 
|---------------- |  |  | ------------------ | 
|Years of Service |  |  | Vesting Percentage | 
|                 | 
|less than 1      |  |  | 100                | 

Your Discretionary Profit Sharing,
Employer Match contributions will be subject to the vesting schedule appearing immediately below if you are a member of the following class: Participants who were Employees of the Employer as of May 31, 2010, and were involuntarily terminated
on such date



|                 |  |  |                    | 
|---------------- |  |  | ------------------ | 
|Years of Service |  |  | Vesting Percentage | 
|                 | 
|less than 1      |  |  | 100                | 

Your Discretionary Profit Sharing,
Employer Match contributions will be subject to the vesting schedule appearing immediately below if you are a member of the following class: Participants who were Employees of the Employer as of June 1, 2010



|                 |  |                   
|---------------- |  | ------------------
|Years of Service |  | Vesting Percentage
|                 | 
|less than 1      |  | 100               

Your Discretionary Profit Sharing,
Employer Match contributions will be subject to the vesting schedule appearing immediately below if you are a member of the following class: All Patricipants in the Plan whose employment was terminated from 2/6/2009-12/31/2009



|                 |  |                   
|---------------- |  | ------------------
|Years of Service |  | Vesting Percentage
|                 | 
|less than 1      |  | 100               

The methodology used to determine your
years of service for vesting purposes has changed. Previously you received vesting credit for a year of service under the general method if you earned at least 1,000 hours of service in a Plan Year. Vesting under the Plan is now based
upon the elapsed time method. Hours of service are not counted and instead periods of service are computed. A period of service is determined based on the time you work for your Employer. Only your whole years of service with your Employer will be
counted to compute your years of service for vesting purposes. For example, if you have three years and ten months of service, then for vesting purposes you will receive credit for three years of service.



|                                          |  |  
|----------------------------------------- |  | -
|KV Pharmaceutical Retirement Savings Plan |  | 9



---

If you were an Employee before January 1, 2002, you will receive vesting credit for your years of
service with your Employer based upon the following:



|                         |  |                          |  |                   
|------------------------ |  | ------------------------ |  | ------------------
|Applicable Year(s)       |  | Method                   |  | Measurement Period
|Plan Year(s) before 2002 |  | General                  |  | Apr. 1 to Mar. 31 
|                         |  |                         
|2002                     |  | General or Elapsed Time* |  | Apr. 1 to Mar. 31 
|                         |  |                         
|Plan Year(s) after 2002  |  | Elapsed Time             |  | Apr. 1 to Mar. 31 



|* | You will receive vesting credit for this period if you would get such credit under either the general method (hours of service) or the elapsed time method.
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------

If you became an Employee on or after January 1, 2002, then you will receive vesting credit for your years of service with
your Employer based only on the elapsed time method. In this case, your measurement period for determining your years of service will generally be based upon your date of employment with your Employer.



|A. | Forfeiture and Re-employment
|-- | ----------------------------

If you
terminate your employment with your Employer and are less than 100% vested in your Employer Account, you may forfeit the non-vested portion of your Employer Account. A forfeiture will occur in the Plan Year that you receive a distribution of your
entire vested Account, or if you do not receive a distribution, after five consecutive one year breaks in service. Forfeitures are retained in the Plan and may first be used to pay administrative expenses. Any remaining amounts will be used to
reduce future Employer contributions payable under the Plan.

Example: (This example is for illustration purposes only.)
Assuming you terminate your employment in 2010 with the following Account:



|         |  |        |       |  |                   |  |     |               |  |   |       | 
|-------- |  | ------ | ----- |  | ----------------- |  | --- | ------------- |  | - | ----- | 
|Source   |  | Amount |       |  | Vested Percentage |  |     | Vested Amount | 
|         |  |        |      
|Employee |  | $      | 2,000 |  |                   |  | 100 | %            |  | $ | 2,000 | 
|         |  |        |      
|Employer |  | $      | 1,000 |  |                   |  | 80  | %             |  |   | 800   | 
|         |  |        |       |  |                   |  |     |               |  |   |       | 
|         |  |        |      
|Total    |  | $      | 3,000 |  |                   |  |     |               |  | $ | 2,800 | 

You received a $2,800
distribution in 2010 from the Plan. This represented a complete distribution of your Account. A $200 forfeiture will occur in 2010.



| | You are always 100% vested in your own employee Deferral Contributions and earnings in the Plan.
|- | ------------------------------------------------------------------------------------------------

A one-year break in service occurs when you have less than one hour of service in the twelve consecutive month period beginning with the earlier of the day your employment terminates or the 12 month
anniversary of the date on which you are otherwise first absent from service. Notwithstanding the above, if you are absent from work due to a maternity or paternity leave, then the 12-consecutive month period beginning on the first anniversary of
the first date of that absence will not be a one-year break in service, and if you are absent from work due to a leave of absence under the Family and Medical Leave Act, no 12-consecutive month period beginning on the first anniversary of the first
date of that absence, and subsequent anniversaries, during which the absence continues, will be a one-year break in service, provided you return to work following the leave.

When any period of absence is due to military service entitling you to reemployment rights under federal law and you return to work at the Employer or a Related Employer following that absence, there will
be no break in service and you will be credited with service for the entire period of that absence.

If you were a Participant when you
terminated your employment and are re-employed by your Employer, then you will again become a Participant on the date you complete one hour of service. Your period of employment before you were rehired is referred to as your pre-break service. Your
period of employment after you were rehired is referred to as your post-break service. If you are re-employed after incurring five consecutive one-year breaks in service then your post-break service will not count in determining your vesting
percentage in your pre-break Account balance. Your post-break service will count in determining your vesting percentage in your pre-break Account balance and any forfeited amounts will be restored to your Account if:



| | (1) | You are re-employed by your Employer before you incur five consecutive one-year breaks in service, and
| | --- | ------------------------------------------------------------------------------------------------------



|                                          |  |   
|----------------------------------------- |  | --
|KV Pharmaceutical Retirement Savings Plan |  | 10



---



| | (2) | If you received distribution of your vested Account and you repay the full amount of the distribution before the end of the five-year period that begins on the date you
are re-employed.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Example: Assume you terminate employment with your Employer in 2010 with an Account
balance of $3,000, of which $2,800 is vested. You elect to receive a lump sum distribution of your vested Account balance. The remainder, or $200, is forfeited in 2010. If you are rehired on January 1, 2011 and repay the $2,800 distribution
prior to January 1, 2016, the $200 previously forfeited will be restored to your Account. Additionally, your service after January 1, 2011 is counted toward vesting your pre-break Account balance of $3,000.



|                     
|---------------------
|VI. Participant Loans



|A. | General Loan Rules
|-- | ------------------

Loans shall be made
available to all qualifying Participants on a reasonably equivalent basis. However, loans may not be made to an eligible Employee who makes a rollover contribution and who has not satisfied the Plans age, service and entry date requirements.
Loans are not considered distributions and are not subject to Federal or state income taxes, provided they are repaid as required. While you do have to pay interest on your loan, both the principal and interest are deposited in your Account.



|B. | Specific Loan Procedures
|-- | ------------------------



| | 1. | Loan Application
| | -- | ----------------

If you have met the Plans eligibility and entry date requirements, you may apply for a loan by calling the Fidelity Retirement Benefits Line, 1-800-294-4015 or by accessing the NetBenefits® web site at www.netbenefits.com. All telephone calls will be recorded. You may apply for only one loan each
calendar year. All loans (except loans for the purchase of a principal residence) have been pre-approved by the Plan Administrator based on the criteria outlined in the Plans loan procedures. Loans will be allowed for any purpose. A loan set
up fee of $125 will be deducted from your Account for each new loan processed.



| | 2. | Loan Amount
| | -- | -----------

The minimum
loan is $1,000 and the maximum amount is the lesser of one-half of your vested Account balance or $50,000 reduced by the highest outstanding loan balance in your Account during the prior twelve month period. All of your loans from plans maintained
by your Employer or a Related Employer will be considered for purposes of determining the maximum amount of your loan. Up to 50% of your vested Account balance may be used as collateral for any loan.



| | 3. | Number of Loans
| | -- | ---------------

You may
only have 1 loan outstanding at any given time. If you have an existing loan you may not apply for another loan until the existing loan is paid in full.



| | 4. | Interest Rate
| | -- | -------------

All loans
shall bear a reasonable rate of interest as determined by the Plan Administrator based on the prevailing interest rates charged by persons in the business of lending money for loans which would be made under similar circumstances. The interest rate
shall remain fixed throughout the duration of the loan.



| | 5. | Loan Repayments and Loan Maturity
| | -- | ---------------------------------

All loans must be repaid in level payments through after-tax payroll deductions on at least a quarterly basis over a five year period unless it is for the purchase of your principal residence in which
case the loan repayment period may not extend beyond 10 years from the date of the loan. If repayment is not made by payroll deduction, a loan shall be repaid to the Plan by payment to the Employer. The level repayment requirement may be waived for
a period of one year or less if you are on a leave of absence, however, your loan must still be repaid in full on the maturity date. If you are on a military leave of absence, the repayment schedule may be waived for the entire length of the time
missed on leave. Your loan will accrue interest during this time, and



|                                          |  |   
|----------------------------------------- |  | --
|KV Pharmaceutical Retirement Savings Plan |  | 11



---

upon return from a military leave of absence, your loan will be reamortized to extend the length of the loan by the length of the leave. If a loan is not repaid within its stated period, it will
be treated as a taxable distribution to you.



| | 6. | Default or Termination of Employment
| | -- | ------------------------------------

The Plan Administrator shall consider a loan in default if any scheduled repayment remains unpaid as of the last business day of the calendar quarter following the calendar quarter in which a loan is
initially considered past due. In the event of a default, death, disability, or termination of employment, the entire outstanding principal and accrued interest shall be immediately due and payable. However, if your termination of employment results
from a corporate action on the part of your employer and you remain performing the same job after that corporate action, within 60 days of your termination of employment you may request that the Plan Administrator roll over your loan to your new
employers retirement plan (if such new plan will accept your loan roll over). Unless you roll over your loan, any default in repayment to the Plan will result in the treating of the balance due for your loan as a taxable distribution from the
Plan.



|                           
|---------------------------
|VII. In Service Withdrawals

If you qualify, as indicated
below for each withdrawal, you may obtain a withdrawal from the Plan while you are still an Employee. You can apply for any of the below described distributions by calling the Fidelity Retirement Benefits Line at 1-800-294-4015 or by accessing the
NetBenefits® web site at www.netbenefits.com. All telephone calls will be recorded. If your Account
balance includes an investment in the Stock Fund, a withdrawal of any portion of your Account balance will not be processed until the end of the withdrawal trading window applicable to the Stock Fund (see Appendix A for description) during which the
withdrawal is requested. When shares of the Stock Fund are sold to process a withdrawal, the withdrawal amount will not be distributed until the proceeds from the sale of the shares of the Stock Fund are available as described in Appendix A. The
following types of withdrawals are available under the Plan:



|A. | Hardship Withdrawals
|-- | --------------------

If you are an
Employee and request a hardship withdrawal, you may withdraw certain contributions to satisfy any of the following immediate and heavy financial needs: (1) medical expenses for you, your spouse, children or dependents; (2) the purchase of
your principal residence; (3) to prevent your eviction from, or foreclosure on, your principal residence; (4) to pay for post-secondary education expenses (tuition, related educational fees, room and board) for you, your spouse, children
or dependents for the next twelve months; (5) to make payments for burial or funeral expenses for your deceased parent, spouse, child or dependent; (6) to pay expenses for the repair of damage to your principal residence that would qualify
for the casualty deduction under Section 165 of the Internal Revenue Code (without regard to whether the loss exceeds 10% of adjusted gross income); or any other immediate and heavy financial need as determined based on Internal Revenue Service
regulations. In accordance with Internal Revenue Service regulations, you must first exhaust all other assets reasonably available to you prior to obtaining a hardship withdrawal. This includes obtaining a loan from this Plan and any other qualified
plan maintained by your Employer. Your Deferral Contributions to this Plan, and any other Employer-sponsored qualified or non-qualified plan, will be suspended for six months after your receipt of the hardship withdrawal. The minimum hardship
withdrawal is $500. Hardship withdrawals will be subject to the 10% nonperiodic income tax withholding rate unless you elect out of the withholding. Contributions available to withdraw under the terms of this section are:



| |  |  | Employee Deferral
| | - |  | -----------------



| |  |  | Rollover
| | - |  | --------



|B. | Withdrawals After Age
591/2
|-- | ---------------------------

If you have reached age 591/2, then you may elect to withdraw all or a portion of your employee
Deferral Contributions Account while you are still employed by your Employer.



|C. | Withdrawals After Age
701/2
|-- | ---------------------------

Starting in the calendar year in which you reach
age 701/2, you may elect to receive distributions
calculated in the same manner as Minimum Required Distributions. For more information, please refer to the paragraph so entitled under the Distributable Events subsection of this SPDs section on Distribution of Benefits below.



|                                          |  |   
|----------------------------------------- |  | --
|KV Pharmaceutical Retirement Savings Plan |  | 12



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|D. | Withdrawals After Normal Retirement Age
|-- | ---------------------------------------

You may elect to withdraw your vested Account balance after you reach the Plans normal retirement age, 62, or delay it until you retire. Notwithstanding the above, by law certain contributions
including employee deferral, qualified matching, safe harbor matching, qualified nonelective, and safe harbor nonelective contributions cannot be withdrawn prior to age 591/2.



|E. | Withdrawals of Rollover Contributions
|-- | -------------------------------------

If
you have a balance in your rollover contributions Account, you may elect to withdraw all or a portion of it. There is no limit on the number of withdrawals of this type.

The amount of any taxable withdrawal that is not rolled over into an Individual Retirement Account or another qualified employer retirement plan will be subject to Federal and state, if applicable, income
taxes. In general, the amount of any taxable withdrawal that is not rolled over into an Individual Retirement Account or another qualified employer retirement plan will be subject to 20% Federal Income Tax and any applicable State Income Tax. A 10%
Internal Revenue Code early withdrawal penalty tax may apply to the amount of your withdrawal if you are under the age of
591/2and do not meet one of the Internal Revenue
Code exceptions.

The Plan Administrator will notify you of the appropriate procedures to make a withdrawal from the Plan. Consult your
Plan Administrator for more information.



|                              
|------------------------------
|VIII. Distribution of Benefits



|A. | Eligibility For Benefits
|-- | ------------------------

A distribution
can be made to you if you request one due to your disability, retirement, or termination of employment from your Employer and any Related Employer. Your Beneficiary or Beneficiaries may request a distribution of your vested Account balance in the
event of your death. The value of your Account balance will continue to increase or decrease, as appropriate, based on the investment returns until it is distributed.

You may defer receipt of your distribution until a later date. However, you cannot postpone it if your vested Account balance is $5,000 or less in which case the Plan Administrator will direct the Trustee
that any amount exceeding $1,000 be distributed to an Individual Retirement Account or Annuity (IRA) for your benefit. If your vested Account balance is $1,000 or less, the Plan Administrator will direct the Trustee to distribute it to
you as a lump sum distribution without your consent. Prior to such distribution you still have the right to request that the amount be distributed directly to you in the form of a lump sum payment or to request that it be rolled-over to a different
IRA provider or another retirement plan eligible to receive rollover contributions.

If you fail to request a different treatment of an
automatic distribution under the Plans Cash-Out Provision, your distribution will be paid over to an IRA provider chosen by the Plan Administrator and invested in a product designed to preserve the principal of that distribution while still
providing a reasonable rate of return and preserving liquidity. The fees assessed against this newly established IRA by its provider will be paid by the participant.

If you have questions regarding the Plans automatic rollover rules, the Plans IRA provider for automatic rollovers, or the fees and expenses applicable to the automatic rollover IRA, please
contact the Plan Administrator. Your consent will be required for any distribution if your vested Account balance is greater than $5,000.

You
should consult with your tax advisor to determine the financial impact of your situation before you request a distribution. You may apply for a distribution by calling the Fidelity Retirement Benefits Line at 1-800-294-4015. All telephone calls will
be recorded. The approval of your Plan Administrator will be required before any distribution can be completed.



|B. | Distributable Events
|-- | --------------------

You are eligible to
request a distribution of your vested Account balance based on any of the following events:



| | 1. | Death
| | -- | -----

If you are a
Participant in the Plan and die, your vested Account balance, if any, will be paid to your designated Beneficiary or Beneficiaries. If you are an Employee of your Employer or a Related Employer at the time of your death, your Account balance will
automatically become 100% vested. You may designate a Beneficiary or



|                                          |  |   
|----------------------------------------- |  | --
|KV Pharmaceutical Retirement Savings Plan |  | 13



---

Beneficiaries on a designation form that must be properly signed and filed with the Plan Administrator. If you are married and want to designate someone other than your spouse as your primary
Beneficiary, your spouse must consent to this designation by signing the form. His/her signature must be witnessed by a Plan representative or a notary public. You should contact the Plan Administrator to obtain a designation of beneficiary form.



| | 2. | Disability
| | -- | ----------

If you become
disabled while you are employed by your Employer or a Related Employer, so that you are determined disabled by a physician selected by the Plan Administrator, the full value of your Account balance may be distributed to you upon request. You will
automatically become 100% vested in your Account balance when you become disabled. You may request a distribution of your Account balance only if you terminate your employment with your Employer or Related Employer.



| | 3. | Retirement
| | -- | ----------

You do not
have to terminate your employment with your Employer just because you attain your early retirement age of 55 and complete 10 years of service or you attain your normal retirement age of 62. You will automatically become 100% vested in your Account
balance upon meeting the retirement requirements. You may take an early retirement distribution at or after age 55 and after you complete 10 years of service, but you must first terminate your employment with your Employer or Related Employer.



| | 4. | Minimum Required Distributions
| | -- | ------------------------------

You are required by law to receive a minimum required distribution from the Employers Plan, unless you are a five percent owner of the Employer, no later than April 1 of the calendar year
following the calendar year you turn 701/2or
terminate your employment, whichever is later. If you are a five percent owner of the Employer, you must start receiving your distribution no later than April 1 of the calendar year following the calendar year you turn 701/2. Once you start receiving your minimum required distribution, you
should receive it at least annually and you should complete the appropriate documentation each year until all assets in your Account are distributed. If you have any questions about your minimum required distributions, please contact your Plan
Administrator.



| | 5. | Termination of Employment
| | -- | -------------------------

Generally, if you terminate your employment with your Employer and all Related Employers, you may elect to receive a distribution of your
vested Account balance from the Plan.



|C. | Form of Payments
|-- | ----------------



| | 1. | Lump Sum Distributions
| | -- | ----------------------

Your entire vested Account balance will be paid to you in a single distribution or other distribution that you elect.



| | a) | Non-rollover Distribution
| | -- | -------------------------

Any distribution paid directly to you will be subject to mandatory Federal income tax withholding of 20% of the taxable distribution and
the remaining amount will be paid to you. You cannot elect out of this tax withholding but you can avoid it by electing a direct rollover distribution as described below. This withholding is not a penalty but a prepayment of your Federal income
taxes.

You may rollover the taxable distribution you receive to an individual retirement account (IRA) or your new
employers qualified plan, if it accepts rollover contributions and you roll over this distribution within 60 days after receipt. You will not be taxed on any amounts timely rolled over into the IRA or your new employers qualified Plan
until those amounts are later distributed to you. Any amounts not rolled over may also be subject to certain early withdrawal penalties prescribed under the Internal Revenue Code.

b) Direct Rollover Distribution

As an alternative to a non-rollover distribution paid directly to you, you may request a rollover distribution of your entire eligible Account balance directly into a Fidelity Advisor IRA, a non-Fidelity
Advisor IRA or to your new employers eligible plan, if it accepts your rollover contributions, or a 403(a) Annuity. Federal income taxes will not be withheld on any direct rollover distribution.



|                                          |  |   
|----------------------------------------- |  | --
|KV Pharmaceutical Retirement Savings Plan |  | 14



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| | 1. | Rollover to a Fidelity Advisor IRA - You must complete the appropriate documentation and a Fidelity Advisor IRA application. If your distribution is
authorized by the Plan Administrator, it will be forwarded to the Trustee for processing. Your vested Account balance will be directly rolled over to a Fidelity Advisor IRA
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Rollover to a Non-Fidelity Advisor IRA - You must complete the appropriate documentation and indicate the name and address of the trustee, and IRA account
number. If your distribution is authorized by the Plan Administrator, it will be forwarded to the Trustee for processing and they will issue a check payable to the IRA trustee or custodian for your benefit. The check will be mailed directly to you
and contain the notation direct rollover and you will be responsible for forwarding it to the trustee or custodian of your IRA.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | Rollover to your New Employers Retirement Plan - You should check with your new employer to determine if its plan will accept your rollover
contributions. If allowed, you must complete the appropriate documentation and indicate the name, address and plan number of your new employers retirement plan. If your distribution is authorized by the Plan Administrator, it will be forwarded
to the Trustee for processing and they will issue a check payable to the trustee of your new employers plan. The check will contain the notation direct rollover and will be mailed directly to you and you will be responsible for
forwarding on to the new trustee.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Rollover to a 403(a) Annuity - You must complete the appropriate documentation and indicate the name and address of the trustee or custodian, and the
403(a) Annuity account number. If your distribution is authorized by the Plan Administrator, it will be forwarded to the Trustee for processing and they will issue a check payable to the 403(a) Annuity trustee or custodian for your benefit. The
check will be mailed directly to you and contain the notation direct rolloverand you will be responsible for forwarding it to the trustee or custodian of your 403(a) Annuity.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | c) | Combination Non-rollover Distribution and Direct Rollover Distribution
| | -- | ----------------------------------------------------------------------

You may request that part of your distribution be paid directly to you and the balance rolled into an IRA, your new employers retirement plan, or a 403(a) annuity. Any part of the distribution paid
directly to you will be subject to the Federal income tax withholding rules referred to in subsection a) above and any direct rollover distribution will be made in accordance with section b) above. Your direct rollover distribution must be at least
$500.

You will pay income tax on the amount of any taxable distribution you receive from the Plan unless it is rolled into an
IRA or your new employers qualified plan. A 10% IRS premature distribution penalty tax may also apply to your taxable distribution unless it is rolled into an IRA or another qualified plan. The 20% Federal income tax withheld under this
section may not cover your entire income tax liability. In the case of a combination distribution, if any portion of the eligible rollover distribution consists of after-tax contributions, the amount paid directly to you will be considered to
consist completely of after-tax contributions before any after-tax contributions are attributed to the portion paid as a direct rollover. Consult with your tax advisor for further details.



| | 2. | Partial Withdrawals following Termination of Employment
| | -- | -------------------------------------------------------

Withdrawals of any portion of your vested balance will be available to you after you have terminated your employment.



| | 3. | Installment Distributions
| | -- | -------------------------

Your vested Account balance will be paid to you in substantially equal amounts over a period of time. You may elect annual or more
frequent installments. You may elect to receive a lump sum distribution after you start to receive installment distributions, by completing the appropriate documentation. The direct rollover distribution rules referred to in the lump sum
distribution section also apply to installment distributions.



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|KV Pharmaceutical Retirement Savings Plan |  | 15



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|                             
|-----------------------------
|IX. Miscellaneous Information



|A. | Benefits Not Insured
|-- | --------------------

Benefits provided
by the Plan are not insured or guaranteed by the Pension Benefit Guaranty Corporation under Title IV of the Employee Retirement Income Security Act of 1974 because the insurance provisions under ERISA are not applicable to this particular Plan. You
will only be entitled to the vested benefits in your Account based upon the provisions of the Plan and the value of your Account will be subject to investment gains and losses.



|B. | Attachment of Your Account
|-- | --------------------------

Your Account
may not be attached, garnished, assigned or used as collateral for a loan outside of this Plan except to the extent required by law. Your creditors may not attach, garnish or otherwise interfere with your Account balance except in the case of a
proper Internal Revenue Service tax levy or a Qualified Domestic Relations Order (QDRO). A QDRO is a special order issued by the court in a divorce, child support or similar proceeding. In this situation, your spouse, or former spouse, or someone
other than you or your Beneficiary, may be entitled to a portion or all of your Account balance based on the court order. Participants and Beneficiaries can obtain, without a charge, a copy of QDRO procedures from the Plan Administrator.



|C. | Plan-to-Plan Transfer Of Assets
|-- | -------------------------------

Your
Employer may direct the Trustee to transfer all or a portion of the assets in the Account of designated Participants to another plan or plans maintained by your Employer or other employers subject to certain restrictions. The plan receiving the
Trust Funds must contain a provision allowing the transfer and preserve any benefits required to be protected under existing laws and regulations. In addition, a Participants vested Account balance may not be decreased as a result of the
transfer to another plan.



|D. | Plan Amendment
|-- | --------------

Your Employer reserves
the authority to amend certain provisions of the Plan by taking the appropriate action. However, any amendment may not eliminate certain forms of benefits under the Plan or reduce the existing vested percentage of your Account balance derived from
Employer contributions. If you have three or more years of service with your Employer and a Related Employer and the vesting schedule is amended, then you will be given a choice to have the vested percentage of future Employer contributions made to
your Account computed under the new or the old vesting schedule. The Plan Administrator will provide you with the appropriate information to make an informed decision if the Plans vesting schedule is amended.



|E. | Plan Termination
|-- | ----------------

Your Employer has no
legal or contractual obligation to make annual contributions to or to continue the Plan. Your Employer reserves the right to terminate the Plan at any time by taking appropriate action as circumstances may dictate, with the approval of the Board of
Directors. In the event the Plan should terminate, each Participant affected by such termination shall have a vested interest in his Account of 100 percent. The Plan Administrator will facilitate the distribution of Account balances in single lump
sum payments to each Participant in accordance with Plan provisions until all assets have been distributed by the Trustee. Each Participant in the Plan upon Plan termination will automatically become 100% vested in his/her Account balance.



|F. | Interpretation of Plan
|-- | ----------------------

The Plan
Administrator has the power and discretionary authority to construe the terms of the Plan based on the Plan document, existing laws and regulations and to determine all questions that arise under it. Such power and authority include, for example,
the administrative discretion necessary to resolve issues with respect to an Employees eligibility for benefits, credited services, disability, and retirement, or to interpret any other term contained in Plan documents. The Plan
Administrators interpretations and determinations are binding on all Participants, Employees, former Employees, and their Beneficiaries.



|G. | Electronic Delivery
|-- | -------------------

This Summary Plan
Description and other important Plan information may be delivered to you through electronic means. This Summary Plan Description contains important information concerning the rights and benefits of your Plan. If you receive this Summary Plan
Description (or any other Plan information) through electronic means you are entitled to request a paper copy of this document, free of charge, from the Plan Administrator. The electronic version of this document contains substantially the same
style, format and content as the paper version.



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|KV Pharmaceutical Retirement Savings Plan |  | 16



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|                              
|------------------------------
|X. Internal Revenue Code Tests



|A. | Non-Discrimination Tests
|-- | ------------------------

The Plan must
pass Internal Revenue Code non-discrimination tests as of the last day of each Plan Year to maintain a qualified Plan. These tests are intended to ensure that the amount of contributions under the Plan do not discriminate in favor of Highly
Compensated Employees. In order to meet the tests, your Employer encourages participation from all eligible Employees. Depending upon the results of the tests, the Plan Administrator may have to refund Deferral Contributions contributed to the Plan
and vested matching contributions to certain Highly Compensated Employees, as determined under Internal Revenue Service regulations. Deferral Contributions or matching contributions will be refunded to you from applicable investment options. You
will be notified by the Plan Administrator if any of your contributions will be refunded to you.



|B. | Top Heavy Test
|-- | --------------

The Plan is subject to
the Internal Revenue Code top-heavy test. Each Plan Year, the Plan Administrator tests this Plan, together with any other Employer-sponsored qualified plans that cover one or more key employees, to ensure that no more than 60% of the
benefits are for key employees. If this Plan is top-heavy, then your Employer may be required to make a minimum annual contribution on your behalf to this, or another Employer sponsored plan, if you are employed as of Plan Year-end. In addition, the
following vesting schedule will be used instead of the one previously listed in the vesting section of this Summary Plan Description.



|                 |  |                   
|---------------- |  | ------------------
|Years of Service |  | Vesting Percentage
|                 | 
|less than 3      |  | 0                 
|                 | 
|3                |  | 100               



|                      
|----------------------
|XI. Participant Rights



|A. | Claims
|-- | ------



| | 1. | Claims Procedures
| | -- | -----------------

A plan
participant or beneficiary may make a claim for benefits under the Plan. Any such claim you file must be submitted to the Plan Administrator in a form and manner acceptable to the Plan Administrator. Contact your Plan Administrator for more
information. Generally, the Plan Administrator will provide you with written notice of the disposition of your claim within 90 days after receipt of your claim by the Plan. If the Plan Administrator determines that special circumstances require an
extension of time to process your claim, the Plan Administrator will furnish written notice of the extension to the claimant prior to the expiration of the initial 90-day period. In no event shall such extension exceed a period of 90 days from the
end of the initial period the Plan Administrator had to dispose of your claim. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the benefit determination.
(A different procedure applies for disability related claims  see the next paragraph). In the event the claim is denied, the Plan Administrator will disclose to you in writing the specific reasons for the denial, a reference to the specific
provisions of the Plan on which the determination is based, a description of additional material or information necessary for the claimant to perfect the claim and an explanation of why it is required, and information about the steps that must be
taken to submit a timely request for review, including a statement of your right to bring a civil action under Section 502(a) of ERISA following as adverse determination upon review.

If your claim concerns disability benefits under the Plan, the Plan Administrator must notify you in writing within 45 days after you have
filed your claim in order to deny it. If special circumstances require an extension of time to process your claim, the Plan Administrator must notify you before the end of the 45-day period that



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|KV Pharmaceutical Retirement Savings Plan |  | 17



---

your claim may take up to 30 days longer to process. If special circumstances still prevent the resolution of your claim, the Plan Administrator may then only take up to another 30 days after
giving you notice before the end of the original 30-day extension. If the Plan Administrator gives you notice that you need to provide additional information regarding your claim, you must do so within 45 days of that notice.



| | 2. | Review Procedures (For Appeal of an Adverse Benefit Determination)
| | -- | ------------------------------------------------------------------

You may appeal the denial of your claim made under the procedures described above within 60 days after the date following your receipt of notification of the denied claim (a different procedure applies
for disability related claims  see the next paragraph) by filing a written request for review with the Plan Administrator. This written request may include comments, documents, records, and other information relating to your claim for
benefits. You shall be provided, upon your request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to your claim for benefits. The review will take into account all comments, documents,
records, and other information submitted by you relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. Generally, the Plan Administrator will provide you with written
notice of the disposition of your claim on review within 60 days after receipt of your appeal by the Plan. If the Plan Administrator determines that special circumstances require an extension of time to process your claim, the Plan Administrator
will furnish written notice of the extension to the claimant prior to the expiration of the initial 60-day period. In no event shall such extension exceed a period of 60 days from the end of the initial period the Plan Administrator had to dispose
of your claim. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the benefit determination. (A different procedure applies for disability related claims
 see the next paragraph). In the event the claim on review is denied, the Plan Administrator will disclose to you in writing the specific reasons for the denial, a reference to the specific provisions of the Plan on which the determination is
based, a description of additional material or information necessary for the claimant to perfect the claim and an explanation of why it is required, and information about the steps that must be taken to submit a timely request for review, including
a statement of your right to bring a civil action under Section 502(a) of ERISA following as adverse determination upon review.

If your initial claim was for disability benefits under the Plan and has been denied by the Plan Administrator, you have 180 days from the date you receive notice of your denial in which to appeal that
decision. Your review will be handled completely independently of the findings and decision made regarding your initial claim and will be processed by an individual who is not a subordinate of the individual who denied your initial claim. If your
claim requires medical judgment, the individual handling your appeal will consult with a medical professional who was not consulted regarding your initial claim and who is not a subordinate of anyone consulted regarding your initial claim and
identify that medical professional to you. The Plan Administrator must notify you in writing within 45 days after you have filed your claim in order to deny it. If the Plan Administrator determines that special circumstances require an extension of
time to process your claim, the Plan Administrator will furnish written notice of the extension to the claimant prior to the expiration of the initial 45-day period. In no event shall such extension exceed a period of 45 days from the end of the
initial period the Plan Administrator had to dispose of your claim. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the benefit determination.

The Plan Administrator shall notify you of the Plans benefit determination on review within a reasonable period of time, but not
later than 60 days after receipt of your request for review by the Plan, unless the Plan Administrator determines that special circumstances require an extension of time for processing the claim. If the Plan Administrator determines that an
extension of time for processing is required, written notice of the extension shall be furnished to you prior to the termination of the initial 60-day period. In no event shall such extension exceed a period of 60 days from the end of the initial
period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the determination on review.

The Plan Administrator shall provide you with written notification of a plans benefit determination on review. In the case of an
adverse benefit determination, the notification shall set forth, in a manner calculated to be understood by you  the specific reason or reasons for the adverse determinations, reference to the specific plan provisions on which the benefit
determination is based, a statement that you are entitled to receive, upon your request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to your claim for benefits.



|                                          |  |   
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|KV Pharmaceutical Retirement Savings Plan |  | 18



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|B. | Statement of ERISA Rights
|-- | -------------------------

As a
Participant in the Plan, you are entitled to certain rights and protections under ERISA. ERISA provides that all Plan Participants shall be entitled to:

Receive Information About Your Plan and Benefits



| |  |  | Examine, without charge, at the Plan Administrators office and at other specified locations, such as worksites and union halls, all documents
governing the Plan, including insurance contracts and collective bargaining agreements, and a copy of the latest annual report (Form 5500 Series) filed by the Plan with the U.S. Department of Labor and available at the Public Disclosure Room of the
Employee Benefits Security Administration.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Obtain, upon written request to the Plan Administrator, copies of documents governing the operation of the plan, including insurance contracts and
collective bargaining agreements, and copies of the latest annual report (Form 5500 Series) and updated Summary Plan Description. The Plan Administrator may make a reasonable charge for the copies.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Receive a summary of the Plans annual financial report. The Plan Administrator is required by law to furnish each Participant with a copy of this
Summary Annual Report each year.
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Obtain a statement telling you the fair market value of your vested, accrued benefit, as of the date for which the benefits are reported, if you stop
working under the Plan now. If you do not have a right to a benefit under the plan, the statement will tell you how many more years you have to work to get a right to a benefit. This statement must be requested in writing and is not required to be
given more than once every twelve (12) months. The Plan must provide the statement free of charge.
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Prudent Actions
by Fiduciaries

In addition to creating rights for Plan Participants, ERISA imposes duties upon the people who are responsible for the
operation of the employee benefit plan. The people who operate your Plan, called fiduciaries of the Plan, have a duty to do so prudently and in the interest of you, other Plan Participants and Beneficiaries. No one, including your
Employer, your union, or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a retirement benefit or exercising your rights under ERISA.

Enforce Your Rights

If your claim for a
benefit under the Plan is denied or ignored, in whole or in part, you have a right to know why this was done, to obtain copies of documents relating to the decision without charge, and to appeal any denial, all within certain time schedules. Under
ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of plan documents or the latest annual report from the Plan and do not receive them within 30 days, you may file suit in a Federal court. The
Plans agent for legal service of process in the event of a lawsuit is the Plan Administrator. In such a case, the court may require the Plan Administrator to provide the materials and pay you up to $110 a day until you receive the materials,
unless the materials were not sent because of reasons beyond the control of the Plan Administrator.

If you have a claim for benefits which is
denied or ignored, in whole or in part, you may file suit in a state or Federal court. In addition, if you disagree with the Plans decision or lack thereof concerning the qualified status of a domestic relations order, you may file suit in
Federal court. If it should happen that Plan fiduciaries misuse the Plans money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a Federal court.
The court will decide who should pay court costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it
finds your claim frivolous.

Assistance with Your Questions

If you have any questions about your Plan, you should contact the Plan Administrator. If you have any questions about this statement or your rights under ERISA, or if you need assistance in obtaining
documents from the Plan Administrator, you should contact the nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries,
Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications
hotline of the Employee Benefits Security Administration.



|                                          |  |   
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|KV Pharmaceutical Retirement Savings Plan |  | 19



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|                      
|----------------------
|XII. Services and Fees

Fees and expenses charged under your Account will
impact your retirement savings, and fall into three basic categories.Investment fees are generally assessed as a percentage of assets invested, and are deducted directly from your investment returns. Investment fees can be in the form of
sales charges, loads, commissions, 12b-1 fees, or management fees. Certain of these Investment fees may not apply depending upon the funds and share classes available in the Plan. You can obtain more information about such fees from the documents
(e.g., a prospectus) that describe the investments available under your Plan and from Appendix A: Investment Options. Plan administration fees cover the day-to-day expenses of your Plan for recordkeeping, accounting, legal and trustee
services, as well as additional services that may be available under your Plan, such as daily valuation, telephone response systems, internet access to plan information, retirement planning tools, and educational materials. In some cases, these
costs are covered by investment fees that are deducted directly from investment returns. In other cases, these administrative fees are either paid directly by your Employer, or are passed through to the participants in the Plan, in which case a
recordkeeping fee will be deducted from your Account. Transaction-based fees are associated with optional services offered under your Plan, and are charged directly to your Account if you take advantage of a particular plan feature that may
be available, such as a Plan loan. For more information on fees associated with your Account, refer to your Account statement or speak with your Plan Administrator.



|                                          |  |   
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|KV Pharmaceutical Retirement Savings Plan |  | 20



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|                               |  | 
|------------------------------ |  | 
|Appendix A. Investment Options

You have the opportunity to direct the
investments of your Account among the following investment funds:



|                                                        |  |           |  |                                                                                                                                                                                                                                                                                                                     
|------------------------------------------------------- |  | --------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Name                                                    |  | Fund Code |  | Fund Objective                                                                                                                                                                                                                                                                                                      
|Fidelity Advisor Stable Value Portfolio II              |  | 0771      |  | Seeks to preserve your principal investment while earning interest income. The FA Stable Value Portfolio will try to maintain a stable $1 unit price, but it cannot guarantee that it
will be able to do so. The yield of the FA Stable Value Portfolio will fluctuate.                                             
|                                                        |  |          
|Fidelity Advisor Intermediate Bond Fund Class A         |  | 0261      |  | Seeks to provide a high rate of income. In addition, the fund may seek capital appreciation when consistent with this primary objective.                                                                                                                                                                            
|                                                        |  |          
|PIMCO Total Return Fund Class A                         |  | OLLN      |  | To provide high total return that exceeds general bond market indices.                                                                                                                                                                                                                                              
|                                                        |  |          
|Fidelity Advisor Equity Income Fund Class A             |  | 0246      |  | Seeks to provide a yield from dividend and interest income which exceeds the composite dividend yield on securities comprising the S&P 500® . In addition, consistent with the primary objective of obtaining dividend and interest income, the fund will
consider the potential for achieving capital appreciation.
|                                                        |  |          
|JPMorgan Small Cap Value Fund Class A                   |  | OMKA      |  | Seeks long-term capital growth primarily by investing in equity securities of small-capitalization companies.                                                                                                                                                                                                       
|                                                        |  |          
|Fidelity Advisor Dividend Growth Fund Class A           |  | 0714      |  | Seeks to provide capital appreciation.                                                                                                                                                                                                                                                                              
|                                                        |  |          
|JPMorgan Equity Index Fund Class A                      |  | OMKG      |  | Seeks to provide investment results that correspond to the aggregate price and dividend performance of securities in the Standard & Poors 500 Composite Stock Price Index
(S&P 500 Index).                                                                                                                       
|                                                        |  |          
|Fidelity Advisor Small Cap Fund Class A                 |  | 0294      |  | Seeks to provide long-term growth of capital.                                                                                                                                                                                                                                                                       
|                                                        |  |          
|Fidelity Advisor Equity Growth Fund Class A             |  | 0245      |  | Seeks to provide capital appreciation.                                                                                                                                                                                                                                                                              
|                                                        |  |          
|T. Rowe Price Growth Stock Fund Class R                 |  | OSNF      |  | Seeks to provide long-term growth of capital and, secondarily, increasing dividend income by investing primarily in common stocks of well-established growth
companies.                                                                                                                                             
|                                                        |  |          
|Fidelity Advisor Mid Cap Fund Class A                   |  | 0251      |  | Seeks to provide long-term growth of capital.                                                                                                                                                                                                                                                                       
|                                                        |  |          
|BlackRock International Opportunities Fund Class A      |  | OSUC      |  | Seeks to provide long-term capital appreciation.                                                                                                                                                                                                                                                                    
|                                                        |  |          
|Fidelity Advisor Diversified International Fund Class A |  | 0731      |  | Seeks to provide capital growth.                                                                                                                                                                                                                                                                                    
|                                                        |  |          
|Thornburg International Value Fund Class R3             |  | OSLU      |  | Seeks long-term capital appreciation.                                                                                                                                                                                                                                                                               
|                                                        |  |          
|Fidelity Advisor Financial Services Fund Class A        |  | 0183      |  | Seeks to provide capital appreciation.                                                                                                                                                                                                                                                                              
|                                                        |  |          
|Fidelity Advisor Health Care Fund Class A               |  | 0177      |  | Seeks to provide capital appreciation.                                                                                                                                                                                                                                                                              



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|KV Pharmaceutical Retirement Savings Plan |  | 21



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|                                              |  |      |  |                                                                                                                                                                                                                                                                                                                                                 
|--------------------------------------------- |  | ---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Fidelity Advisor Technology Fund Class A      |  | 0187 |  | Seeks to provide capital appreciation.                                                                                                                                                                                                                                                                                                          
|                                              |  |     
|KV A Stock Fund                               |  | TRME |  | Seeks to provide investment returns linked to the market price of, and any dividends paid on, KV A Stock Fund common stock. The return earned on stock held within the plan will
include: Appreciation or depreciation in the market value of company stock; Any dividends paid on company stock; All interest earned on short-term investments.
|                                              |  |     
|Fidelity Advisor Freedom Income Fund®
Class A |  | 1205 |  | The fund is designed for those investors already in retirement. The fund seeks high total return with a secondary objective of principal appreciation.                                                                                                                                                                                          
|                                              |  |     
|Fidelity Advisor Freedom 2005 Fund®
Class A   |  | 1291 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2010 Fund®
Class A   |  | 1184 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2015 Fund®
Class A   |  | 1296 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2020 Fund®
Class A   |  | 1189 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2025 Fund®
Class A   |  | 1302 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2030 Fund®
Class A   |  | 1194 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2035 Fund®
Class A   |  | 1307 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     
|                                              |  |     
|Fidelity Advisor Freedom 2040 Fund®
Class A   |  | 1199 |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.                                                                                                     



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|KV Pharmaceutical Retirement Savings Plan |  | 22



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|                                            |  |  |      |  |  |                                                                                                                                                                                                                                            
|------------------------------------------- |  |  | ---- |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Fidelity Advisor Freedom 2045 Fund® Class A |  |  | 1599 |  |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.
|                                            |  | 
|Fidelity Advisor Freedom 2050 Fund® Class A |  |  | 1605 |  |  | The fund is designed for investors expecting to retire around the year indicated in the fund name. The fund seeks high total return with a secondary objective of principal
preservation as the fund approaches its target date and beyond.

If you have not supplied investment instructions, your Employer
has directed that your contributions to the plan will be invested, based upon your date of birth, in the Fidelity Advisor Freedom Funds described in the above table of this Appendix A. These funds are subject to the volatility of the financial
markets and may be subject to the additional risks associated with investing in high yield, small cap and foreign securities including the risk of loss of your principal investment.

You may redirect the investment of your future contributions or exchange your existing Account balance among available investment
options by calling 1-800-294-4015 on any business day between 8:30 AM (ET) and 8:00 PM (ET). This is an automated telephone service and you should follow the telephonic instructions or you can press the appropriate number if you want to talk to a
Fidelity telephone representative. All representative-assisted calls will be recorded for your protection. You may call the telephone number virtually 24 hours a day, seven days a week to check Account balances, prices, yields or obtain investment
information. You may also use the internet to redirect the investment or your future contributions or exchange your existing Account balance by logging onto NetBenefits® at www.netbenefits.com. Please contact the Plan Administrator for further information.

Exchanges received and confirmed before the close of the market (usually 4:00 PM (ET)) will be posted on that business day based upon
the closing price of the affected investment(s). Exchanges received and confirmed after the market close will be processed on the next business day based upon the closing price of the affected investment(s) on that next business day. Requests for
exchanges, purchases and sales of units of the Company Stock Fund, if received by 4:00 PM on any business day, shall be processed on that same business day provided there is sufficient liquidity. Such transactions shall otherwise be processed on the
next business day on which there is available liquidity sufficient to process the request. The Stock Fund shall be closed to sales or purchases of units, as applicable, on any date on which trading in the Employer stock has been suspended or
substantial purchase or sale orders are outstanding and cannot be executed. The minimum exchange is the lesser of $250 or 100% of your Account balance in the investment option. If your exchange is less than $250 then it may only be exchanged into
one investment option. A confirmation of your change in the investment of your future contributions or your exchange of an existing fund will be sent to you within five business days or an online confirmation will be displayed on NetBenefits®. Fidelity reserves the right to change, restrict, or terminate exchange procedures to protect mutual fund
shareholders.

Exchanges from the Fidelity Advisor Stable Value Portfolio - Class II to certain bond or money market funds (considered
competing funds), must first be exchanged to an option that is non-competing, such as an equity mutual fund. Ninety-days after your exchange, you can then exchange your money to a competing fund by calling the
Fidelity Participant Services Group Representative at 1-800-294-4015. You may also contact your Plan Administrator for more information. While this requirement may seem restrictive, it is typically imposed by issuers, such as insurance companies,
banks, or other approved financial institutions as a condition for issuing investment contracts to retirement plans. You may also contact your Plan Administrator for more information.



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