**EXHIBIT 10.26****AGREEMENT REGARDING CONSULTING SERVICES AND SHAREHOLDERS AGREEMENT**     THIS AGREEMENT REGARDING CONSULTING SERVICES AND SHAREHOLDERS AGREEMENT (this “Agreement”) isexecuted and entered into effective as of the 31st day of December 2007, by and amongMylan Inc., a Pennsylvania corporation (“Mylan” or the “Company”), MP Laboratories (Mauritius) Ltd,a Mauritius private company limited by shares and an indirect wholly-owned subsidiary of Mylan,Prasad Nimmagadda (“Prasad” or “Consultant”), and G2 Corporate Services Limited, an affiliate ofPrasad.     WHEREAS, Prasad has served as Head of Global Strategies in the Office of the CEO of Mylansince January 8, 2007;     WHEREAS, by mutual decision of Prasad and the Company, Prasad will transition to a consultingposition for the Company and/or any of its subsidiaries effective as of the date hereof; and     WHEREAS, the Parties wish to amend that certain Shareholders Agreement dated as of August 28,2006 by and among them (the “Shareholders Agreement”), as more particularly described herein.WITNESSETH:     THEREFORE that in consideration of the above recitals, the terms and covenants of thisAgreement and other valuable consideration, the receipt and sufficiency of all of which is herebyacknowledged, the Parties, intending to be legally bound, agree as follows:I. DEFINITIONS     As used herein, the term: 1.1 “Best Efforts” shall mean such care, resources, effort, knowledge and expertiseas a reasonably prudent person experienced in and knowledgeable of such matters andduties of the kind and character contemplated herein would exercise under thecircumstances.  1.2 “Party” or “Parties” shall mean Mylan, MP Labs, Consultant and/or G2, dependingupon the context in which either word may appear.  1.3 “Services” shall mean the consulting services to be provided hereunder byConsultant to Mylan as described in Article III herein.
 

 
II. TERMINATION OF EMPLOYMENT STATUS 2.1 Effective as of the date hereof, that certain Executive Employment Agreement(“Employment Agreement”) and that certain Transition and Succession Agreement, in eachcase between the Company and Prasad and dated as of January 8, 2007, are herebyterminated in all respects, except for such provisions thereof that survive terminationof employment. In addition, in accordance with Section 7(a) of that certain SecondmentAgreement among Prasad, the Company and Mylan Singapore Pte. Ltd. dated as of January8, 2007, Mylan hereby terminates Prasad’s Secondment (as defined therein) to MylanSingapore Pte. Ltd.  2.2 In connection with the termination of the Employment Agreement, Prasad shallreceive from the Company a lump sum payment equal to One Million Dollars ($1,000,000),payable on July 15, 2008 (the “Payment Date”). Also in accordance with Section 9(c) ofthe Employment Agreement, Mylan shall pay the cost of continuing Prasad’s healthinsurance benefits for 24 months following the date hereof, subject to the exceptionsset forth therein.III. SCOPE OF SERVICES; TERM AND TERMINATION 3.1 During the term of this Agreement, Consultant shall serve as a strategicadvisor to the Company and/or any of its subsidiaries or in such other capacity orcapacities consistent with Consultant’s skills and abilities and the Company’s businessneeds. Consultant shall provide Services to Mylan and/or any of its subsidiaries, asmay be reasonably specified to him by Mylan’s Chief Executive Officer or his designee.  3.2 Consultant shall devote such time as is reasonably necessary and consistentwith Best Efforts to perform the Services. Consultant shall be provided the use of anoffice and administrative assistance.  3.3 The term of this Agreement shall begin on the date hereof and shall terminateon the third anniversary of the date hereof unless extended by mutual written agreementof the parties, *provided*that either Party may terminate the Agreement upon 30 days’written notice. The Company has the right to accelerate the effective date of any suchtermination, *provided*in such case it shall pay Consultant through the expiration ofsuch 30-day period.IV. COMPENSATION AND EXPENSES 4.1 As compensation for the Services, Consultant shall be paid a fee of TwentyThousand Eight Hundred Thirty-Three and 33/100 Dollars ($20,833.33) per month (the“Monthly Fee”), accruing until, and first payable on, the Payment Date and thereafterpaid on the tenth business day of the month following the previous month of Services.Should the Agreement be terminated effective as of
2

 
   a date other than month-end, the Monthly Fee shall paid pro rata based on the numberof days in such month that the Agreement was in effect.  4.2 The Company shall compensate Consultant for reasonable travel expenses andother costs related to the Services, which expenses or costs are approved in advance bythe Office of the CEO (or such other individual as the Chief Executive Officer shalldesignate). Consultant shall provide to the Office of the CEO, on a monthly basis,documentation of all expenses or costs for which reimbursement is requested, and suchapproved expenses and costs shall be paid to Consultant as promptly as reasonablypracticable after receipt of such documentation.  4.3 Notwithstanding anything herein to the contrary, in the event that thisAgreement is terminated by the Company following a Change of Control (as such term isdefined in Mylan’s 2003 Long Term Incentive Plan, as amended) but prior to theexpiration of the initial three-year term hereof, the Company shall continue to payConsultant the Monthly Fee for the remainder of such three-year term (or in a lump sum,at the discretion of the Company).V. AMENDMENT OF SHAREHOLDERS AGREEMENT 5.1 In accordance with Section 6.7 thereof, the Parties hereby amend theShareholders Agreement such that item (i) in the definition of “RestrictionsTermination Date” in Section 1.1 thereof shall be hereafter read:     “(i) the 30th day following the fourth anniversary of theClosing Date,”. 5.2 The parties acknowledge and agree that: the amendment above is an integralpart of the Shareholders Agreement; in the event of any conflict between this Agreementand the Shareholders Agreement or any part of either of them, the terms of thisAgreement; except as expressly set forth herein, the terms and conditions of theShareholders Agreement are and shall remain in full force and effect; and theShareholders Agreement, as amended hereby, sets forth the entire understanding of theparties with respect to the subject matter thereof and hereof.VI. OWNERSHIP AND RETURN OF MATERIALS AND DATA 6.1 All materials, data and documents prepared, purchased or furnished by Mylan toConsultant or prepared by Consultant for the Company, during the course of Consultant’sretention by the Company shall remain Mylan’s property and shall be retained in such away so as to facilitate return delivery to Mylan upon request.  6.2 Within five (5) business days after the termination or expiration of thisAgreement, Consultant will return to Mylan all documents, data, and other information,and all copies thereof, which, during the course of Consultant’s retention by theCompany, were provided by Mylan or created by Consultant on Mylan’s behalf.
3

 
VII. INDEPENDENT CONTRACTOR STATUS   Nothing in this Agreement shall be construed to create an employment relationship betweenConsultant and the Company. Consultant shall be an independent contractor and shall have noauthority to enter into contracts on behalf of the Company, bind the Company to any thirdparties or act as an agent on behalf of the Company in any way. Consultant shall not beentitled to receive any compensation or medical or other benefits as a Mylan employee.Accordingly, Consultant shall account for and report, and be liable for the payment of allapplicable federal and state income taxes, social security taxes and all other taxes due onpayments received by Consultant hereunder. Subject to the terms and conditions of theEmployment Agreement or any other agreement existing between the Parties, Consultant is freeto perform services for others and otherwise engage in any employment, occupation,consulting or other business activity.VIII. MISCELLANEOUS 8.1 Article headings are set forth herein for the purpose of convenience only.Such headings shall not be considered or otherwise referred to when interpreting orapplying any term provision or condition set forth herein. 8.2 Any and all actions between the Parties regarding the interpretation orapplication of any term or provision contained herein shall be governed by andinterpreted in accordance with the laws of the Commonwealth of Pennsylvania. TheParties each do hereby respectively consent and agree that the courts of theCommonwealth of Pennsylvania shall have jurisdiction over the Parties with respect toany and all actions brought hereunder. Notwithstanding the foregoing, (i) Article IVhereof shall be governed by, and construed in accordance with, the substantive laws ofIndia, regardless of the laws that might otherwise govern under applicable principlesof conflict of laws thereof; and (ii) the provisions of Section 6.13 of theShareholders Agreement shall govern any controversy, claim or dispute arising out of,relating to or in connection with Article IV hereof.  8.3 This Agreement may be changed, amended or otherwise modified only by a writtenstatement; provided, such statement is signed by both Parties, expresses their intentto change the Agreement and specifically describes such change(s).  8.4 This Agreement may be signed in two or more counterparts each of which is to beconsidered an original, and taken together as one and the same document. Facsimilesignatures will be binding on the parties.*[Signature page follows]*
4

 
     IN WITNESS WHEREOF, the Parties have caused the following signatures to be affixed hereto:      MYLAN INC.            By: /s/ Robert J. Coury /s/ Prasad Nimmagadda     Name: Robert J. Coury Prasad NimmagaddaIts: Vice Chairman and CEO                 MP LABORATORIES (MAURITIUS) LTD G2 CORPORATE SERVICES LTD.          By: /s/ Robert J. Coury /s/ Prasad Nimmagadda     Name: Robert J. Coury Name: Prasad NimmagaddaIts: Director  
5