Document:

EX-10.3

 Exhibit 10.3 

TAX MATTERS AGREEMENT 

between 
 BAUSCH HEALTH
COMPANIES INC., 
 on behalf of itself 

and the members 
 of the Parent
Group 
 and 
 SOLTA MEDICAL
CORPORATION, 
 on behalf of itself 

and the members 
 of the Solta Group

 Dated as of [•], 2021 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	 Section 1.
	 	Definitions	  	 	1	 
	 Section 2.
	 	Sole Tax Sharing Agreement	  	 	6	 
	 Section 3.
	 	Allocation of Taxes	  	 	6	 
	 Section 4.
	 	Preparation and Filing of Tax Returns	  	 	8	 
	 Section 5.
	 	Apportionment of Tax Attributes	  	 	10	 
	 Section 6.
	 	Utilization of Tax Attributes	  	 	10	 
	 Section 7.
	 	Deductions and Reporting for Certain Awards	  	 	11	 
	 Section 8.
	 	Tax Refunds	  	 	12	 
	 Section 9.
	 	Certain Representations and Covenants	  	 	13	 
	 Section 10.
	 	Indemnities	  	 	13	 
	 Section 11.
	 	Payments	  	 	14	 
	 Section 12.
	 	Guarantees	  	 	15	 
	 Section 13.
	 	Communication and Cooperation	  	 	15	 
	 Section 14.
	 	Audits and Contest	  	 	16	 
	 Section 15.
	 	Notices	  	 	17	 
	 Section 16.
	 	Costs and Expenses	  	 	18	 
	 Section 17.
	 	Effectiveness; Termination and Survival	  	 	18	 
	 Section 18.
	 	Specific Performance	  	 	19	 
	 Section 19.
	 	Construction	  	 	19	 
	 Section 20.
	 	Entire Agreement; Amendments and Waivers	  	 	20	 
	 Section 21.
	 	Governing Law	  	 	21	 
	 Section 22.
	 	Jurisdiction	  	 	21	 
	 Section 23.
	 	WAIVER OF JURY TRIAL	  	 	22	 
	 Section 24.
	 	Dispute Resolution	  	 	22	 
	 Section 25.
	 	Counterparts; Effectiveness; Third-Party Beneficiaries	  	 	22	 
	 Section 26.
	 	Successors and Assigns	  	 	23	 
	 Section 27.
	 	Authorization	  	 	23	 
	 Section 28.
	 	Change in Tax Law	  	 	23	 
	 Section 29.
	 	Performance	  	 	23	 

  
 i 

 TAX MATTERS AGREEMENT 

This TAX MATTERS AGREEMENT (the “Agreement”) is entered into as of [•], 2021 between Bausch Health Companies Inc., a
corporation continued under the laws of the Province of British Columbia, Canada (“Parent”), on behalf of itself and the members of the Parent Group, as defined below, and Solta Medical Corporation, a company incorporated under the
British Columbia Business Corporation Act (“Solta,” and together with Parent, the “Parties”), on behalf of itself and the members of the Solta Group, as defined below. 

W I T N E S S E T H: 

WHEREAS, in connection with the initial public offering of Solta (the “IPO”), Parent and Solta have entered into a Master
Separation Agreement, dated as of [•], 2021 (the “Separation Agreement”), pursuant to which the IPO and certain other related transactions will be consummated; 

WHEREAS, prior to and in anticipation of the IPO, Parent effected, and caused its Subsidiaries to effect, the Separation in accordance with,
and subject to the terms of, the Separation Agreement; and 
 WHEREAS, Parent and Solta desire to set forth their agreement on the rights
and obligations of Parent, Solta and the members of the Parent Group and the Solta Group, respectively, with respect to (a) the administration and allocation of Canadian and non-Canadian Taxes, incurred
in (i) Taxable periods (or portions thereof) ending on or before the IPO Date and (ii) Taxable periods (or portions thereof) beginning after the IPO Date, (b) Taxes resulting from the Separation and (c) various other Tax matters.

 NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the Parties agree as follows: 

Section 1. Definitions. 

(a) As used in this Agreement: 

“Affiliate” has the meaning set forth in the Separation Agreement. 

“Agreement” has the meaning set forth in the recitals hereto. 

“Ancillary Agreements” means all Ancillary Agreements (as defined in the Separation Agreement) other than this Agreement.

 “Applicable Law” (or “Applicable Tax Law,” as the case may be) means, with respect to any Person, any
federal, provincial, state, county, municipal, local, multinational or non-Canadian statute, treaty, law, common law, ordinance, rule, regulation, order, writ, injunction, judicial decision, decree, permit or
other legally binding requirement of any Governmental Authority applicable to such Person or any of its respective properties, assets, officers, directors, employees, consultants or agents (in connection with such officer’s, director’s,
employee’s, consultant’s or agent’s activities on behalf of such Person). 

 “Business Day” has the meaning set forth in the Separation Agreement. 

“Closing of the Books Method” means the apportionment of items between portions of a Taxable period based on a closing of the
books and records on the close of the IPO Date (in the event that the IPO Date is not the last day of the Taxable period, as if the IPO Date were the last day of the Taxable period), subject to adjustment for items accrued on the IPO Date that are
properly allocable to the Taxable period following the IPO, as determined by Parent in accordance with Applicable Law; provided that Taxes not based upon or measured by net or gross income or specific events shall be apportioned between the Pre- and Post-IPO Periods on a pro rata basis in accordance with the number of days in each Taxable period. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Combined Group” means any group consisting of at least one member that filed or was required to file (or will file or be
required to file) a Tax Return on an affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) that includes at least one member of the Parent Group and at least one
member of the Solta Group. 
 “Combined Tax Return” means a Tax Return filed in respect of Taxes for a Combined Group. 

“Company” means Parent or Solta (or the appropriate member of each of their respective Groups), as appropriate. 

“Contribution” has the meaning set forth in the Separation Agreement. 

“Equity Interests” means any stock or other securities treated as equity for Tax purposes, options, warrants, rights,
convertible debt, or any other instrument or security that affords any Person the right, whether conditional or otherwise, to acquire stock or to be paid an amount determined by reference to the value of stock. 

“Escheat Payment” means any payment required to be made to a Governmental Authority pursuant to an abandoned property,
escheat or similar law. 
 “Final Determination” means (i) with respect to U.S. federal income Taxes, (A) a
“determination” as defined in Section 1313(a) of the Code (including, for the avoidance of doubt, an executed IRS Form 906) or (B) the execution of an IRS Form 870-AD (or any successor form
thereto), as a final resolution of Tax liability for any Taxable period, except that a Form 870-AD (or successor form thereto) that reserves the right of the taxpayer to file a claim for refund or the right of
the IRS to assert a further deficiency shall not constitute a Final Determination with respect to the item or items so reserved; (ii) with respect to Taxes other than U.S. federal income Taxes, any final determination of liability in respect of
a Tax that, under Applicable Tax Law, is not subject to further 

  
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appeal, review or modification through proceedings or otherwise; (iii) with respect to any Tax, any final disposition by reason of the expiration of the applicable statute of limitations
(giving effect to any extension, waiver or mitigation thereof); or (iv) with respect to any Tax, the payment of such Tax by any member of the Parent Group or any member of the Solta Group, whichever is responsible for payment of such Tax under
Applicable Tax Law, with respect to any item disallowed or adjusted by a Taxing Authority; provided, in the case of this clause (iv), that the provisions of Section 14 hereof have been complied with, or, if such
section is inapplicable, that the Company responsible under this Agreement for such Tax is notified by the Company paying such Tax that it has determined that no action should be taken to recoup such disallowed item, and the other Company agrees
with such determination. 
 “Governmental Authority” has the meaning set forth in the Separation Agreement. 

“Group” has the meaning set forth in the Separation Agreement. 

“Income Tax” means any Tax imposed on, or measured by reference to, net income or gains, and any Taxes imposed in lieu of
such a Tax. 
 “Income Tax Return” means any Tax Return in respect of an Income Tax. 

“Indemnitee” means the Party which is entitled to seek indemnification from another Party pursuant to the provisions of
Section 10. 
 “IPO Date” means the closing date of the IPO. 

“IPO” has the meaning set forth in the recitals hereto. 

“IRS” means the United States Internal Revenue Service. 

“Joint Tax Return” means any (i) Combined Tax Return or (ii) Tax Return that includes Tax Items attributable to
both the Parent Business and the Solta Business. 
 “Parent” has the meaning set forth in the recitals hereto. 

“Parent Business” has the meaning set forth in the Separation Agreement. 

“Parent Compensatory Equity Interests” means any options, stock appreciation rights, restricted stock, stock units or other
rights with respect to the capital stock of Parent that are granted by any member of the Parent Group in connection with employee, independent contractor or director compensation or other employee benefits (including, for the avoidance of doubt,
options, stock appreciation rights, restricted stock, restricted stock units, performance share units or other rights issued in respect of any of the foregoing by reason of the IPO or any subsequent transaction). 

“Parent Group” has the meaning set forth in the Separation Agreement. 

  
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 “Parent Separate Tax Return” means any Separate Tax Return of or including
any member of the Parent Group. 
 “Person” has the meaning set forth in the Separation Agreement. 

“Post-IPO Period” means any Taxable period (or portion thereof) beginning after the
IPO Date. 
 “Pre-IPO Period” means any Taxable period (or portion thereof) ending
on or before the IPO Date. 
 “Separate Tax Return” means any Tax Return required to be filed by a member of the Parent
Group or a member of the Solta Group that is not a Joint Tax Return. 
 “Separation” has the meaning set forth in the
Separation Agreement. 
 “Separation Agreement” has the meaning set forth in the recitals hereto. 

“Separation Taxes” means any Taxes incurred by Parent and the Parent Group or Solta and the Solta Group as a result of the
Separation Transactions. 
 “Separation Transactions” means the transactions undertaken pursuant to the Separation
Agreement to effect the Separation. 
 “Solta Business” has the meaning set forth in the Separation Agreement. 

“Solta Carried Item” means any Tax Attribute of the Solta Group that may or must be carried from one Taxable period to
another prior Taxable period, or carried from one Taxable period to another subsequent Taxable period, under the Code or other Applicable Tax Law. 

“Solta Compensatory Equity Interests” means any options, stock appreciation rights, restricted stock, stock units or other
rights with respect to the capital stock of Solta that are granted by any member of the Solta Group in connection with employee, independent contractor or director compensation or other employee benefits (including, for the avoidance of doubt,
options, stock appreciation rights, restricted stock, restricted stock units, performance share units or other rights issued in respect of any of the foregoing by reason of the IPO or any subsequent transaction). 

“Solta Group” has the meaning set forth in the Separation Agreement. 

“Solta Separate Tax Return” means any Separate Tax Return of or including any member of the Solta Group. 

“Tax” (and the correlative meaning, “Taxes,” “Taxing” and “Taxable”) means
(i) any tax, including any net income, gross income, gross receipts, recapture, alternative or add-on minimum, sales, use, business and occupation, value-added, trade, goods and services, ad valorem,
franchise, profits, net wealth, license, business royalty, withholding, 

  
 4 

 
payroll, employment, capital, excise, transfer, recording, severance, stamp, occupation, premium, property, asset, real estate acquisition, environmental, custom duty, impost, obligation,
assessment, levy, tariff or other tax, governmental fee or other like assessment or charge of any kind whatsoever (including any Escheat Payment), together with any interest and any penalty, addition to tax or additional amount imposed by a Taxing
Authority; or (ii) any liability of any member of the Parent Group or the Solta Group for the payment of any amounts described in clause (i) as a result of any express or implied obligation to indemnify any other Person. 

“Tax Attribute” means (i) a net operating loss, net capital loss, unused investment credit, unused foreign tax credit,
excess charitable contribution, unused general business credit, alternative minimum tax credit or any other Tax Item that could reduce a Tax liability, and (ii) to the extent not included in clause (i), any Tax basis, earnings and profits,
previously taxed earnings and profits, overall foreign loss or other Tax attribute. 
 “Tax Item” means any item of income,
gain, loss, deduction, credit, recapture of credit or any other item that can increase or decrease Taxes paid or payable. 
 “Tax
Proceeding” means any Tax audit, dispute, examination, contest, litigation, arbitration, action, suit, claim, cause of action, review, inquiry, assessment, hearing, complaint, demand, investigation or proceeding (whether administrative,
judicial or contractual). 
 “Tax Refund” means any Tax refund, credit
in lieu thereof, offset or other similar item that results in a reduction in otherwise required Tax payments. 
 “Tax
Return” means any Tax return, statement, report, form, election, bill, certificate, claim or surrender (including estimated Tax returns and reports, extension requests and forms, and information returns and reports), or statement or other
document or written information filed or required to be filed with any Taxing Authority, including any amendment thereof and any appendix, schedule or attachment thereto. 

“Taxing Authority” means any Governmental Authority, including any province, state, municipality, political subdivision or
governmental agency, responsible for the imposition, assessment, administration, collection, enforcement or determination of any Tax. 

“Transfer Taxes” means all Canadian and non-Canadian sales, use, privilege, transfer,
documentary, stamp, duties, real estate transfer, controlling interest transfer, recording and similar Taxes and fees (including any penalties, interest or additions thereto) imposed upon any member of the Parent Group or any member of the Solta
Group in connection with the Separation. 
 “Treasury Regulations” means the regulations promulgated from time to time
under the Code as in effect for the relevant tax period. 

  
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 (b) Each of the following terms is defined in the Section set forth opposite such term: 

 

			
	 Term
	  	Section
	Due Date	  	Section 11(a)
	Parent Compensation Tax Asset	  	Section 7(a)
	Past Practices	  	Section 4(f)(i)
	Tax Arbiter	  	Section 24
	Tax Refund Recipient	  	Section 8(c)

 (c) All capitalized terms used but not defined herein shall have the same meanings as in the Separation
Agreement. Any term used in this Agreement which is not defined in this Agreement or the Separation Agreement shall, to the extent the context requires, have the meaning assigned to it in the Code or the applicable Treasury Regulations thereunder
(as interpreted in administrative pronouncements and judicial decisions) or in comparable provisions of Applicable Tax Law. 

Section 2. Sole Tax Sharing Agreement. Any and all existing Tax sharing agreements or arrangements, written or unwritten,
between any member of the Parent Group, on the one hand, and any member of the Solta Group, on the other hand, if not previously terminated, shall be terminated as of the IPO Date without any further action by the Parties thereto. Following the IPO,
no member of the Parent Group or the Solta Group shall have any further rights or liabilities thereunder, and this Agreement, the Separation Agreement and the Ancillary Agreement (to the extent such agreements reflect an agreement between the
Parties as to Tax sharing) shall be the sole Tax sharing agreements between the members of the Parent Group, on the one hand, and the members of the Solta Group, on the other hand. 

Section 3. Allocation of Taxes. 

(a) General Allocation Principles. Except as provided in Section 3(c), all Taxes shall be allocated as
follows: 
 (i) Allocation of Taxes Reflected on Joint Tax Returns. Parent shall be allocated all Taxes reported, or
required to be reported, on any Joint Tax Return that any member of the Parent Group or Solta Group files or is required to file under Applicable Tax Law; provided, however, that to the extent any such Joint Tax Return includes any Tax
Item attributable to (A) any member of the Solta Group or (B) the Solta Business, in each case, in respect of any Post-IPO Period, Solta shall be allocated all Taxes attributable to such member(s) of
the Solta Group or the Solta Business, as applicable, as determined pursuant to Section 3(b). 

(ii) Allocation of Taxes Reflected on Separate Tax Returns. 

(A) Parent shall be allocated all Taxes reported, or required to be reported, on a Parent Separate Tax Return. 

  
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 (B) Solta shall be allocated all Taxes reported, or required to be reported,
on a Solta Separate Tax Return. 
 (iii) Taxes Not Reported on Tax Returns. 

(A) Parent shall be allocated any Tax attributable to any member of the Parent Group that is not required to be reported on a
Tax Return. 
 (B) Solta shall be allocated any Tax attributable to any member of the Solta Group that is not required to be
reported on a Tax Return. 
 (b) Allocation Conventions. 

(i) All Taxes allocated pursuant to Section 3(a) shall be allocated between the Pre-IPO Period and the Post-IPO Period in accordance with the Closing of the Books Method; provided, however, that if Applicable Tax Law does not permit a Solta
Group member to close its Taxable year on the IPO Date, the Tax attributable to the operations of the members of the Solta Group for any Post-IPO Period shall be the Tax computed using a hypothetical closing
of the books consistent with the Closing of the Books Method (except to the extent otherwise agreed upon by Parent and Solta). 

(ii) For purposes of Section 3(a)(i), the amount of Taxes attributable to the member(s) of the Solta
Group or the Solta Business, as applicable, shall be determined by Parent on a pro forma basis prepared (A) assuming that such member(s) were not included in the group of companies filing the applicable Joint Tax Return, but rather filed a
separate Joint Tax Return that includes only such member(s), (B) including only Tax Items of such member(s), (C) except as provided in clause (E) hereof, using all elections, accounting methods and conventions used on such Joint Tax Return for
such period, (D) applying the highest statutory marginal Tax rate in effect for such period, (E) assuming that such member(s) elect not to carry back any net operating losses and (F) assuming that such member(s) utilization of any Tax
Attribute carryforward or carryback is limited to the Tax Attributes of such member(s) arising in Post-IPO Periods determined in accordance with this Section 3(b)(ii); provided
that the amount of Taxes so determined shall not be less than zero. 
 (iii) Any Tax Item of Solta or any member of the Solta
Group arising from a transaction engaged in outside the ordinary course of business on the IPO Date shall be allocable to Solta; provided that the foregoing shall not include any action that is undertaken pursuant to the Separation or the
Contribution. 
 (c) Special Allocation Rules. Notwithstanding any other provision in this Section 3, the
following Taxes shall be allocated as follows: 

  
 7 

 (i) Taxes Relating to Parent Compensatory Equity
Interests. Any Tax liability (including, for the avoidance of doubt, the satisfaction of any withholding Tax obligation) relating to the issuance, exercise, vesting or settlement of any Parent Compensatory Equity Interest shall be allocated in a
manner consistent with Section 7. 
 (ii) Separation Taxes. Any liability for Separation
Taxes shall be allocated to Parent. 
 (iii) Taxes Covered by the Separation Agreement or Ancillary Agreements.
Subject to the preceding clauses of Section 3(c), any liability or other matter relating to Taxes that is specifically addressed in the Separation Agreement or any Ancillary Agreement shall be allocated or governed as
provided in such agreement. 
 Section 4. Preparation and Filing of Tax Returns. 

(a) Parent Prepared Tax Returns. Parent shall prepare and file, or cause to be prepared and filed, all (i) Joint Tax Returns
and (ii) Parent Separate Tax Returns. To the extent any Joint Tax Return reflects operations of the Solta Group for a Taxable period that includes the IPO Date, Parent shall include in such Joint Tax Return the results of such member of the
Solta Group, as the case may be, on the basis of the Closing of the Books Method to the extent permitted by Applicable Tax Law. If a member of the Solta Group is responsible for the filing of any such Tax Return under Applicable Tax Law, Parent
shall, subject to the procedures set forth in Sections 4(c), 4(d) and 4(e), deliver such prepared Tax Return to Solta in advance of the applicable filing deadline. 

(b) Solta Prepared Tax Returns. Solta shall prepare and file all Solta Separate Tax Returns. 

(c) Determination of Responsible Party. Parent, in consultation with Solta, shall determine which Party or their respective Affiliates
is required to file any Joint Tax Return or Separate Tax Return under Applicable Tax Law. 
 (d) Provision of Information. Solta shall
maintain all necessary information for Parent (or any of its Affiliates) to file any Tax Return that Parent is required or permitted to file under this Section 4, and shall provide to Parent all such necessary information
in accordance with the Parent Group’s past practice. Parent shall maintain all necessary information for Solta (or any of its Affiliates) to file any Tax Return that Solta is required or permitted to file under this
Section 4, and shall provide Solta with all such necessary information in accordance with the Parent Group’s past practice. 

(e) Right to Review. The Party responsible for preparing (or causing to be prepared) any Tax Return under this
Section 4 shall make such Tax Return and related workpapers available for review by the other Party, if requested, to the extent (i) such Tax Return relates to Taxes for which the requesting Party would be liable under
Section 3, (ii) such Tax Return relates to such Taxes described in clause (i) and the requesting 

  
 8 

 
Party would reasonably be expected to be liable in whole or in part for any additional Taxes owing as a result of adjustments to the amount of such Taxes reported on such Tax Return or
(iii) such Tax Return relates to Taxes for which the requesting Party would reasonably be expected to have a claim for a Tax Refund under this Agreement. The Party responsible for preparing (or causing to be prepared) the relevant Tax Return
shall (x) use its reasonable best efforts to make such portion of such Tax Return available for review as required under this paragraph sufficiently in advance of the due date for the filing of such Tax Return to provide the requesting Party
with a meaningful opportunity to analyze and comment on such Tax Return and (y) use reasonable best efforts to have such Tax Return modified before filing, taking into account the Person responsible for payment of the Tax (if any) reported on
such Tax Return and whether the amount of Tax liability allocable to the requesting Party with respect to such Tax Return is material. The Parties shall attempt in good faith to resolve any issues arising out of the review of such Tax Return. 

(f) Special Rules Relating to the Preparation of Tax Returns. 

(i) General Rule. Except as provided in this Section 4(f)(i), Solta shall prepare (or cause to
be prepared) any Tax Return, with respect to Taxable periods (or portions thereof) ending prior to or on the IPO Date, for which it is responsible under this Section 4 in accordance with past practices, accounting methods,
elections or conventions (“Past Practices”) used by the members of the Parent Group prior to the IPO Date with respect to such Tax Return to the extent permitted by Applicable Law, and to the extent any items, methods or
positions are not covered by Past Practices, as directed by Parent in its sole discretion to the extent permitted by Applicable Law. 

(ii) Solta Separate Tax Returns. With respect to any Solta Separate Tax Return, Solta and the other members of the Solta
Group shall include Tax Items in such Tax Return in a manner that is consistent with the inclusion of such Tax Items in any related Tax Return for which Parent is responsible to the extent such Tax Items are allocated in accordance with this
Agreement. 
 (iii) Election to File Joint Tax Returns. Parent shall be entitled in its sole discretion to file any
Combined Tax Return if the filing of such Tax Return is elective under Applicable Tax Law. Each member of any such Combined Group shall execute and file such consents, elections and other documents as may be required, appropriate or otherwise
requested by Parent in connection with the filing of such Joint Tax Returns. 
 (iv) Preparation of Transfer Tax
Returns. The Company required under Applicable Tax Law to file any Tax Returns in respect of Transfer Taxes shall prepare and file (or cause to be prepared and filed) such Tax Returns. If required by Applicable Tax Law, Parent and Solta shall,
and shall cause their respective Affiliates to, cooperate in preparing and filing, and join the execution of, any such Tax Returns. 

  
 9 

 (g) Payment of Taxes. Parent shall pay (or cause to be paid) to the proper Taxing
Authority the Tax shown as due on any Tax Return for which a member of the Parent Group is responsible for filing under this Section 4, and Solta shall pay (or cause to be paid) to the proper Taxing Authority the Tax shown
as due on any Tax Return for which a member of the Solta Group is responsible for filing under this Section 4. If any member of the Parent Group is required to make a payment to a Taxing Authority for Taxes allocated to
Solta under Section 3, Solta shall pay the amount of such Taxes to Parent in accordance with Section 10 and Section 11. If any member of the Solta Group is required to
make a payment to a Taxing Authority for Taxes allocated to Parent under Section 3, Parent shall pay the amount of such Taxes to Solta in accordance with Section 10 and
Section 11. 
 Section 5. Apportionment of Tax Attributes. 

(a) Any Tax Attributes arising in a Pre-IPO Period will be allocated to (and the benefits and burdens
of such Tax Attributes will inure to) the members of the Parent Group and the members of the Solta Group in accordance with Parent’s historical practice (including historical methodologies for making corporate allocations) and Applicable Tax
Law, as determined by Parent in its sole discretion. 
 (b) Upon receipt of a written request from Solta, Parent shall in good faith, based
on information reasonably available to it, advise Solta in writing, as soon as reasonably practicable after the close of the relevant Taxable period in which the IPO occurs, of Parent’s estimate of the portion, if any, of any Tax Attributes
identified in such written request which Parent determines is expected to be allocated or apportioned to the members of the Solta Group under Applicable Tax Law. In the event of any adjustment to the previously delivered estimate of any such Tax
Attributes, Parent shall promptly advise Solta in writing of such adjustment. For the avoidance of doubt, Parent shall not be liable to any member of the Solta Group for any failure of any determination under this
Section 5(b) to be accurate under Applicable Tax Law, provided such determination was made in good faith. All members of the Solta Group shall prepare all Tax Returns in accordance with the written notices provided by
Parent to Solta pursuant to this Section 5(b). 
 (c) Except as otherwise provided herein, to the extent that the
amount of Tax Attribute allocated to members of the Parent Group or the Solta Group pursuant to Section 5(b) is later reduced or increased by a Taxing Authority or as a result of a Tax Proceeding, such reduction or increase
shall be allocated to the Company to which such Tax Attribute was allocated pursuant to this Section 5, as determined by Parent in good faith. 

Section 6. Utilization of Tax Attributes. 

(a) Amended Returns. Any amended Tax Return or claim for a Tax Refund with respect to any member of the Solta Group may be made only by
the Party responsible for preparing the original Tax Return with respect to such member of the Solta Group pursuant to Section 4. 

  
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 (b) No Carryback Election. The Parties hereby agree (i) not to make or cause to
be made any election to claim, (A) in any Pre-IPO Period (other than in respect of a Solta Separate Tax Return) or (B) in any Joint Tax Return, a Solta Carried Item from a Post-IPO Period and (ii) to elect, to the extent permitted by Applicable Tax Law, to forgo the right to carry back any Solta Carried Item from a Post-IPO Period to
(A) a Pre-IPO Period (other than in respect of a Solta Separate Tax Return) or (B) a Joint Tax Return. 

(c) Solta Carrybacks. 

(i) If a member of the Solta Group reasonably determines that it is required by Applicable Tax Law to carry back any Solta
Carried Item to (i) a Pre-IPO Period (other than in respect of a Solta Separate Tax Return) or (ii) a Joint Tax Return, it shall notify Parent in writing of such determination at least ninety
(90) days prior to filing the Tax Return on which such carryback will be reflected. Such notification shall include a description in reasonable detail of the basis for any expected Tax Refund and the amount thereof. If Parent disagrees with
such determination, the Parties shall resolve their disagreement pursuant to the procedures set forth in Section 24. 

(ii) If a Solta Carried Item is carried back to a Joint Tax Return pursuant to Section 6(c)(i),
Parent shall be required to make a payment to the Solta Group in an amount equal to the Tax Refund in respect of such Solta Carried Item in accordance with Section 8(c). 

(d) Carryforwards to Separate Tax Returns. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group
pursuant to Section 5 and carried forward to a Solta Separate Tax Return, any Tax benefits arising from such carryforward shall be retained by the Solta Group. If a portion or all of any Tax Attribute is allocated to a
member of a Combined Group pursuant to Section 5, and is carried forward to a Parent Separate Tax Return, any Tax benefits arising from such carryforward shall be retained by the Parent Group. 

Section 7. Deductions and Reporting for Certain Awards. 

(a) Deductions. The Parent Group shall be allocated, and be entitled to receive the Tax benefit of, any Tax deduction relating to
(i) the issuance, exercise, vesting and/or settlement after the IPO Date of any Parent Compensatory Equity Interests and (ii) any liability after the IPO Date with respect to compensation or benefits assumed, retained, required to be paid,
satisfied or provided by, or otherwise allocated to, any member of the Parent Group under the Separation Agreement or any Ancillary Agreement (each such deduction, a “Parent Compensation Tax Asset”). Parent and Solta
acknowledge and agree that, to the extent permitted by Applicable Tax Law, Parent or a member of the Parent Group shall be entitled to, and shall, claim any such Tax deduction on a Tax Return of Parent or a member of the Parent Group. 

  
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 (b) Payments for Parent Compensation Tax Assets. If, notwithstanding
clause (a), a Parent Compensation Tax Asset gives rise to a Tax deduction for any member of the Solta Group in any Post-IPO Period, Solta shall pay over to Parent the actual Tax benefit received by Solta from
the utilization of such Parent Compensation Tax Asset, determined using a “with and without” methodology (treating any deductions attributable to the use by a member of the Solta Group of a Parent Compensation Tax Asset as the last item
claimed for any Taxable period, including after the utilization of any available Tax Attributes). 
 (c) Withholding and Reporting.
All applicable withholding and reporting responsibilities (including all income, payroll or other Tax reporting related to income to any current or former employee) with respect to the issuance, exercise, vesting or settlement of any Parent
Compensatory Equity Interests or Solta Compensatory Equity Interests shall be the responsibility of the Party to which such responsibility has been prescribed by Section 9.02 of the Employee Matters Agreement. Parent and Solta acknowledge and
agree that the Parties shall cooperate with each other and with third-party providers to effectuate withholding and remittance of Taxes, as well as required Tax reporting, in a timely manner. 

Section 8. Tax Refunds. 

(a) Parent Tax Refunds. Parent shall be entitled to any Tax Refund (including any interest actually received on or in respect
thereof) received by any member of the Parent Group or any member of the Solta Group, other than any Tax Refund to which Solta is entitled pursuant to Section 8(b) (or, with respect to any Solta Carried Item,
Section 6). Solta shall not be entitled to any Tax Refund received by any member of the Parent Group or the Solta Group, except as set forth in Section 8(b). 

(b) Solta Tax Refunds. Solta shall be entitled to any Tax Refund (including any interest actually received on or in respect thereof)
received by any member of the Parent Group or any member of the Solta Group after the IPO Date with respect to any Tax allocated to a member of the Solta Group under this Agreement (including, for the avoidance of doubt, any amounts allocated to
Solta pursuant to Section 3(c)(ii)), other than any Tax Refund resulting from a Solta Carried Item, which shall be governed by Section 6. 

(c) A Company receiving (or realizing) a Tax Refund to which another Company is entitled hereunder (a “Tax Refund Recipient”)
shall pay over the amount of such Tax Refund (including interest received from the relevant Taxing Authority, but net of any Taxes imposed with respect to such Tax Refund and any other reasonable costs associated therewith) within thirty
(30) days of receipt thereof (or from the due date for payment of any Tax reduced thereby); provided, however, that the other Company, upon the request of such Tax Refund Recipient, shall repay the amount paid to the other Company
(plus any penalties, interest or other charges imposed by the relevant Taxing Authority) in the event that, as a result of a subsequent Final Determination, a Tax Refund that gave rise to such payment is subsequently disallowed. 

  
 12 

 Section 9. Covenants. Solta shall not, and shall not permit any other
member of the Solta Group to, take or fail to take any action in a manner that management of Solta knows, or should know, is reasonably likely to contravene any agreement with a Taxing Authority entered into prior to the IPO Date to which any member
of the Solta Group or the Parent Group is a party. 
 Section 10. Indemnities. 

(a) Solta Indemnity to Parent. Except in the case of any liabilities described in Section 10(b),
Solta and each other member of the Solta Group shall jointly and severally indemnify Parent and the other members of the Parent Group against, and hold them harmless, without duplication, from: 

(i) any Tax liability allocated to Solta pursuant to Section 3; 

(ii) any Tax liability attributable to a breach, after the IPO Time, by Solta or any other member of the Solta Group of any
representation, covenant or provision contained in this Agreement; and 
 (iii) all liabilities, costs, expenses (including
reasonable expenses of investigation and attorneys’ fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax liability or damage described in
(i) or (ii), including those incurred in the contest in good faith in appropriate proceedings relating to the imposition, assessment or assertion of any such Tax, liability or damage. 

(b) Parent Indemnity to Solta. Except in the case of any liabilities described in Section 10(a), Parent
and each other member of the Parent Group will jointly and severally indemnify Solta and the other members of the Solta Group against, and hold them harmless, without duplication, from: 

(i) any Tax liability allocated to Parent pursuant to Section 3; 

(ii) any Taxes imposed on any member of the Solta Group under Treasury Regulations
Section 1.1502-6 (or similar or analogous provision of state, local or foreign law) solely as a result of any such member being or having been a member of a Combined Group; and 

(iii) all liabilities, costs, expenses (including reasonable expenses of investigation and attorneys’ fees and expenses),
losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax liability or damage described in (i) or (ii), including those incurred in the contest in good faith in
appropriate proceedings relating to the imposition, assessment or assertion of any such Tax, liability or damage. 
 (c) Discharge of
Indemnity. Solta, Parent and the members of their respective Groups shall discharge their obligations under Section 10(a) or Section 10(b) hereof, respectively, by paying the relevant amount in
accordance with Section 11, within thirty (30) Business Days of demand therefor or, to the extent such amount is required to be paid to a Taxing Authority prior to the expiration of such thirty (30) Business Days,
at 

  
 13 

 
least ten (10) Business Days prior to the date by which the demanding party is required to pay the related Tax liability. Any such demand shall include a statement showing the amount due
under Section 10(a) or Section 10(b), as the case may be. Notwithstanding the foregoing, if any member of the Solta Group or any member of the Parent Group disputes in good faith the fact or the
amount of its obligation under Section 10(a) or Section 10(b), then no payment of the amount in dispute shall be required until any such good faith dispute is resolved in accordance with
Section 24 hereof; provided, however, that any amount not paid within thirty (30) Business Days of demand therefor shall bear interest as provided in Section 11. 

(d) Corresponding Tax Benefits. If an indemnification obligation of any member of the Parent Group or any member of the Solta Group, as
the case may be, under this Section 10 arises in respect of an adjustment that makes allowable to an Indemnitee any reduction in Taxes payable by the Indemnitee or other Tax benefit which would not, but for such adjustment,
be allowable, then any such indemnification obligation shall be an amount equal to (i) the amount otherwise due but for this Section 10(d), minus (ii) the reduction in actual cash Taxes payable by the
Indemnitee in the Taxable year in which such indemnification obligation arises, determined on a “with and without” basis. 

Section 11. Payments. 

(a) Timing. All payments to be made under this Agreement (excluding, for the avoidance of doubt, any payments to a Taxing Authority
described herein) shall be made in immediately available funds. Except as otherwise provided, all such payments will be due sixty (60) Business Days after the receipt of notice of such payment or, where no notice is required, sixty
(60) Business Days after the fixing of liability or the resolution of a dispute (the “Due Date”). Payments shall be deemed made when received. Any payment that is not made on or before the Due Date shall bear interest at the
rate equal to the “prime” rate as published on such Due Date in the Wall Street Journal, Eastern Edition, for the period from and including the date immediately following the Due Date through and including the date of payment. With respect
to any payment required to be made under this Agreement, Parent has the right to designate, by written notice to Solta, which member of the Parent Group will make or receive such payment. 

(b) Treatment of Payments. To the extent permitted by Applicable Tax Law, any payment made by Parent or any member of the Parent Group
to Solta or any member of the Solta Group, or by Solta or any member of the Solta Group to Parent or any member of the Parent Group, pursuant to this Agreement, the Separation Agreement or any Ancillary Agreement that relates to Taxable periods (or
portions thereof) ending on or before the IPO Date shall be treated by the parties hereto for all U.S. Tax purposes as a distribution by Solta to Parent, or a capital contribution from Parent to Solta, as the case may be; provided,
however, that (i) any payment made pursuant to Section 2.10(e) of the Separation Agreement shall instead be treated for U.S. Tax purposes as if the party required to make a payment of received amounts had received such amounts as agent
for the other party, (ii) any payment made pursuant to Section 4.1 of the Transition Services Agreement shall instead be treated as a payment for services and (iii) if the Separation 

  
 14 

 
Agreement or any Ancillary Agreement specifically provides for a certain tax treatment of payments, any payments made under such agreement will be treated as described in the relevant agreement.
In the event that a Taxing Authority asserts that a party’s treatment of a payment described in this Section 11(b) should be other than as required herein, such party shall use its reasonable best efforts to contest
such assertion in a manner consistent with Section 14 of this Agreement. 
 (c) No Duplicative Payment. It
is intended that the provisions of this Agreement shall not result in a duplicative payment of any amount required to be paid under the Separation Agreement or any Ancillary Agreement, and this Agreement shall be construed accordingly. 

Section 12. Guarantees. Parent and Solta, as the case may be, each hereby guarantees and agrees to otherwise perform the
obligations of each other member of the Parent Group or the Solta Group, respectively, under this Agreement. 
 Section 13.
Communication and Cooperation. 
 (a) Consult and Cooperate. Parent and Solta shall consult and cooperate (and shall cause each
other member of their respective Groups to consult and cooperate) fully at such time and to the extent reasonably requested by the other Party in connection with all matters subject to this Agreement. Such cooperation shall include: 

(i) the retention, and provision on reasonable request, of any and all information including all books, records, documentation
or other information pertaining to Tax matters relating to the Solta Group (or, in the case of any Tax Return of the Parent Group, the portion of such return that relates to Taxes for which the Solta Group may be liable pursuant to this Agreement),
any necessary explanations of information, and access to personnel, until one year after the expiration of the applicable statute of limitation (giving effect to any extension, waiver or mitigation thereof); 

(ii) the execution of any document that may be necessary (including to give effect to Section 14) or
helpful in connection with any required Tax Return or in connection with any audit, proceeding, suit or action; and 
 (iii)
the use of the parties’ commercially reasonable efforts to obtain any documentation from a Governmental Authority or a third party that may be necessary or helpful in connection with the foregoing. 

(b) Provide Information. Except as set forth in Section 14, Parent and Solta shall keep each other reasonably
informed with respect to any material development relating to the matters subject to this Agreement. 
 (c) Tax Attribute Matters.
Parent and Solta shall promptly advise each other with respect to any proposed Tax adjustments that are the subject of an audit or investigation, or are the subject of any proceeding or litigation, and that may affect any Tax liability or any Tax
Attribute (including, but not limited to, basis in an asset or the amount of earnings and profits) of any member of the Parent Group or any member of the Solta Group, respectively. 

  
 15 

 (d) Confidentiality and Privileged Information. Any information or documents provided
under this Agreement shall be kept confidential by the party receiving the information or documents, except as may otherwise be necessary in connection with the filing of required Tax Returns or in connection with any audit, proceeding, suit or
action. Without limiting the foregoing (and notwithstanding any other provision of this Agreement or any other agreement), (i) no member of the Parent Group or Solta Group, respectively, shall be required to provide any member of the Solta Group or
Parent Group, respectively, or any other Person access to or copies of any information or procedures other than information or procedures that relate solely to Solta, the business or assets of any member of the Solta Group, or matters for which the
Solta Group or the Parent Group, respectively, has an obligation to indemnify under this Agreement and (ii) in no event shall any member of the Parent Group or the Solta Group, respectively, be required to provide any member of the Solta Group
or Parent Group, respectively, or any other Person access to or copies of any information if such action could reasonably be expected to result in the waiver of any privilege. Notwithstanding the foregoing, in the event that Parent or Solta,
respectively, determines that the provision of any information to any member of the Solta Group or Parent Group, respectively, could be commercially detrimental or violate any law or agreement to which Parent or Solta, respectively, is bound, Parent
or Solta, respectively, shall not be required to comply with the foregoing terms of this Section 13(d) except to the extent that it is able, using commercially reasonable efforts, to do so while avoiding such harm or
consequence (and shall promptly provide notice to Solta or Parent, respectively, to the extent such access to or copies of any information is provided to a Person other than a member of the Parent Group or Solta Group, respectively). 

Section 14. Audits and Contest. 

(a) Notice. Each of Parent and Solta shall promptly notify the other in writing upon the receipt of any notice of Tax Proceeding from
the relevant Taxing Authority or upon becoming aware of an actual or potential Tax Proceeding by a Taxing Authority that may affect the liability of any member of the Solta Group or the Parent Group, respectively, for Taxes under Applicable Law or
this Agreement; provided that a Party’s right to indemnification under this Agreement shall not be limited in any way by a failure to so notify, except to the extent that the indemnifying Party is prejudiced by such failure. 

(b) Parent Control. Notwithstanding anything in this Agreement to the contrary but subject to Section 14(d), Parent
shall have the right to control all matters relating to any Joint Tax Return, any Parent Separate Tax Return, and any Tax Return or any Tax Proceeding with respect to any Tax matters of a Combined Group or any member of a Combined Group (as such).
Parent shall have absolute discretion with respect to any decisions to be made, or the nature of any action to be taken, with respect to any Tax matter described in the preceding sentence; provided, however, that to the extent that any
Tax Proceeding relating to such a Tax matter is reasonably likely to give rise to an indemnity obligation of Solta under Section 10 hereof, (i) Parent shall keep Solta informed of all material developments and events
relating to any such Tax Proceeding described in this proviso and (ii) at its own cost and expense, Solta shall have the right to participate in (but not to control) the defense of any such Tax Proceeding. 

  
 16 

 (c) Solta Assumption of Control. If Parent determines that the resolution of
any matter pursuant to a Tax Proceeding is reasonably likely to have an adverse effect on the Solta Group with respect to any Post-IPO Period, Parent, in its sole discretion, may permit Solta to elect to
assume control over disposition of such matter at Solta’s sole cost and expense; provided, however, that if Solta so elects, it will (i) be responsible for the payment of any liability arising from the disposition of such
matter notwithstanding any other provision of this Agreement to the contrary and (ii) indemnify the Parent Group for any increase in a liability and any reduction of a Tax asset of the Parent Group arising from such matter. 

(d) Separation Taxes. Parent shall have the right to control any Tax Proceeding relating to Separation Taxes; provided that
Parent shall keep Solta fully informed of all material developments and shall permit Solta a reasonable opportunity to participate in the defense of the matter. 

Section 15. Notices. Any notice, instruction, direction or demand under the terms of this Agreement required to be in writing
shall be duly given upon delivery, if delivered by hand, facsimile transmission, email transmission or mail, to the following addresses: 
  

			
	 If to Parent (prior to, on or after the Separation Time), to:

	
	 Bausch Health Companies Inc.

	 2150 St. Elzéar Blvd. West

	 Laval, Québec, Canada H7L 4A8

	 Attention: General Counsel

	 E-mail: [●]

	
	 with a copy to:

	
	 Davis Polk & Wardwell, LLP

	 450 Lexington Avenue

	 New York, NY 10017

	 Attention:
	  	Michael Kaplan
		  	Michael Davis
		  	Marcel Fausten
	 Email:
	  	michael.kaplan@davispolk.com
		  	michael.davis@davispolk.com
		  	marcel.fausten@davispolk.com

  
 17 

			
	
	 If to Solta (prior to, on or after the Separation Time), to:

	
	 Solta Medical Corporation

	 520 Applewood Crescent

Vaughan, Ontario, Canada

L4K 5X3

	 Attention: General Counsel

	 E-mail: [●]

	
	 with a copy to:

	
	 Davis Polk & Wardwell, LLP

	 450 Lexington Avenue

	 New York, NY 10017

	 Attention:
	  	Michael Kaplan
		  	Michael Davis
		  	Marcel Fausten
	 Email:
	  	michael.kaplan@davispolk.com
		  	michael.davis@davispolk.com
		  	marcel.fausten@davispolk.com

 or such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other party
hereto. All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt.
Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

Section 16. Costs and Expenses. The Party that prepares any Tax Return shall bear the costs and expenses incurred in the
preparation of such Tax Return. Except as expressly set forth in this Agreement or the Separation Agreement, (i) each Party shall bear the costs and expenses incurred pursuant to this Agreement to the extent the costs and expenses are directly
allocable to a liability or obligation allocated to such Party and (ii) to the extent a cost or expense is not directly allocable to a liability or obligation, it shall be borne by the Party incurring such cost or expense. For purposes of this
Agreement, costs and expenses shall include, but not be limited to, reasonable attorneys’ fees, accountants’ fees and other related professional fees and disbursements. 

Section 17. Effectiveness; Termination and Survival. Except as expressly set forth in this Agreement, as between Parent and Solta,
this Agreement shall become effective upon the consummation of the IPO. All rights and obligations arising hereunder shall survive until they are fully effectuated or performed; provided that, notwithstanding anything in this Agreement to the
contrary, this Agreement shall remain in effect and its provisions shall survive for one year after the full period of all applicable statutes of limitation (giving effect to any extension, waiver or mitigation thereof) and, with respect to any
claim hereunder initiated prior to the end of such period, until such claim has been satisfied or otherwise resolved. This agreement shall terminate without any further action at any time before the IPO upon termination of the Separation Agreement.
If the consummation of the IPO shall not have occurred prior to June 30, 2022, this Agreement shall terminate without any further action. 

  
 18 

 Section 18. Specific Performance. Each Party to this Agreement acknowledges and
agrees that damages for a breach or threatened breach of any of the provisions of this Agreement would be inadequate and irreparable harm would occur. In recognition of this fact, each Party agrees that, if there is a breach or threatened breach, in
addition to any damages, the other nonbreaching Party to this Agreement, without posting any bond, shall be entitled to seek and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent
injunction, attachment, or any other equitable remedy which may then be available to obligate the breaching Party (i) to perform its obligations under this Agreement or (ii) if the breaching Party is unable, for whatever reason, to perform
those obligations, to take any other actions as are necessary, advisable or appropriate to give the other Party to this Agreement the economic effect which comes as close as possible to the performance of those obligations (including transferring,
or granting liens on, the assets of the breaching party to secure the performance by the breaching party of those obligations). 

Section 19. Construction. In this Agreement, unless the context clearly indicates otherwise: 

(a) words used in the singular include the plural and words used in the plural include the singular; 

(b) references to any Person include such Person’s successors and assigns but, if applicable, only if such successors and assigns are
permitted by this Agreement; 
 (c) except as otherwise clearly indicated, reference to any gender includes all genders; 

(d) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without
limitation”; 
 (e) reference to any Article, Section, Exhibit or Schedule means such Article or Section of, or such Exhibit or Schedule
to, this Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition; 

(f) the words “herein,” “hereunder,” “hereof,” “hereto” and words of similar import shall be deemed
references to this Agreement as a whole and not to any particular Section or other provision hereof; 
 (g) reference to any agreement,
instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 

(h) reference to any law (including statutes and ordinances) means such law (including all rules and regulations promulgated thereunder) as
amended, modified, codified or reenacted, in whole or in part, and in effect at the time of determining compliance or applicability; 

  
 19 

 (i) relative to the determination of any period of time, “from” means “from
and including,” “to” means “to and including” and “through” means “through and including”; 

(j) the titles to Articles and headings of Sections contained in this Agreement have been inserted for convenience of reference only and shall
not be deemed to be a part of or to affect the meaning or interpretation of this Agreement; 
 (k) unless otherwise specified in this
Agreement, all references to dollar amounts herein shall be in respect of lawful currency of the United States, and, unless otherwise specified herein or agreed between the parties, all payments required under this Agreement shall be made in U.S.
dollars; and 
 (l) any capitalized term used in an Exhibit or Schedule but not otherwise defined therein shall have the meaning set forth in
this Agreement. 
 Section 20. Entire Agreement; Amendments and Waivers. 

(a) Entire Agreement. 

(i) This Agreement, the Separation Agreement and the Ancillary Agreements constitute the entire understanding of the parties
with respect to the subject matter hereof and thereof and supersede all prior agreements, understandings and negotiations, both written and oral, between the parties with respect to the subject matter hereof and thereof. No representation,
inducement, promise, understanding, condition or warranty not set forth herein or in the Separation Agreement or any Ancillary Agreement has been made or relied upon by any Party hereto or any member of their Group with respect to the transactions
contemplated by this Agreement, the Separation Agreement or any Ancillary Agreement. This Agreement is an “Ancillary Agreement” as such term is defined in the Separation Agreement and shall be interpreted in accordance with the
terms of the Separation Agreement in all respects; provided that in the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Separation Agreement, the terms of this Agreement shall control in all
respects. 
 (ii) THE PARTIES ACKNOWLEDGE AND AGREE THAT NO REPRESENTATION, WARRANTY, PROMISE, INDUCEMENT, UNDERSTANDING,
COVENANT OR AGREEMENT HAS BEEN MADE OR RELIED UPON BY ANY PARTY OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT, THE SEPARATION AGREEMENT AND THE ANCILLARY AGREEMENTS. WITHOUT LIMITING THE GENERALITY OF THE DISCLAIMER SET FORTH IN THE
PRECEDING SENTENCE, NEITHER PARENT NOR ANY OF ITS AFFILIATES HAS MADE OR SHALL BE DEEMED TO HAVE MADE ANY REPRESENTATIONS OR WARRANTIES IN ANY PRESENTATION OR 

  
 20 

 
WRITTEN INFORMATION RELATING TO THE SOLTA BUSINESS GIVEN OR TO BE GIVEN IN CONNECTION WITH THE CONTEMPLATED TRANSACTIONS OR IN ANY FILING MADE OR TO BE MADE BY OR ON BEHALF OF PARENT OR ANY OF
ITS AFFILIATES WITH ANY GOVERNMENTAL AUTHORITY, AND NO STATEMENT MADE IN ANY SUCH PRESENTATION OR WRITTEN MATERIALS, MADE IN ANY SUCH FILING OR CONTAINED IN ANY SUCH OTHER INFORMATION SHALL BE DEEMED A REPRESENTATION OR WARRANTY HEREUNDER OR
OTHERWISE. SOLTA ACKNOWLEDGES THAT PARENT HAS INFORMED IT THAT NO PERSON HAS BEEN AUTHORIZED BY PARENT OR ANY OF ITS AFFILIATES TO MAKE ANY REPRESENTATION OR WARRANTY IN RESPECT OF THE SOLTA BUSINESS OR IN CONNECTION WITH THE CONTEMPLATED
TRANSACTIONS, UNLESS IN WRITING AND CONTAINED IN THIS AGREEMENT, THE SEPARATION AGREEMENT OR IN ANY OF THE OTHER ANCILLARY AGREEMENTS TO WHICH THEY ARE A PARTY. 

(b) Amendments and Waivers. 

(i) Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and is
signed, in the case of an amendment, by each of Parent and Solta, or in the case of a waiver, by the Party against whom the waiver is to be effective. 

(ii) No failure or delay by any Party (or the applicable member of such Party’s Group) in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by Applicable Law. 
 Section 21. Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such state. 

Section 22. Jurisdiction. The Parties agree that any suit, action or proceeding seeking to enforce any provision of, or based on
any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the Chancery Court of the State of Delaware and any state appellate court therefrom within the State of Delaware (or if the
Chancery Court of the State of Delaware declines to accept jurisdiction over a particular matter, any federal or state court sitting in the State of Delaware and any federal or state appellate court therefrom), and each of the Parties hereto hereby
irrevocably consents to the exclusive jurisdiction of such courts in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of
any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any Party anywhere
in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each Party agrees that service of process on such Party as provided in Section 15 shall be deemed effective service
of process on such Party. 

  
 21 

 Section 23. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 24. Dispute Resolution. In the event of any dispute relating to this Agreement, the Parties shall work together in good
faith to resolve such dispute within thirty (30) days. In the event that such dispute is not resolved, upon written notice by a Party after such thirty (30)-day period, the matter shall be referred to, as
applicable, a Canadian or U.S. Tax counsel or other Canadian or U.S. Tax advisor of recognized national standing (the “Tax Arbiter”) that will be jointly chosen by Parent and Solta; provided, however, that, if Parent
and Solta do not agree on the selection of the Tax Arbiter after five (5) days of good faith negotiation, the Tax Arbiter shall consist of a panel of, as applicable, three Canadian or U.S. Tax counsel or other Canadian or U.S. Tax advisors of
recognized national standing with one member chosen by Parent, one member chosen by Solta, and a third member chosen by mutual agreement of the other members within the following ten (10)-day period. Each
decision of a panel Tax Arbiter shall be made by majority vote of the members. The Tax Arbiter may, in its discretion, obtain the services of any third party necessary to assist it in resolving the dispute. The Tax Arbiter shall furnish written
notice to the Parties to the dispute of its resolution of the dispute as soon as practicable, but in any event no later than ninety (90) days after acceptance of the matter for resolution. Any such resolution by the Tax Arbiter shall be binding
on the Parties, and the Parties shall take, or cause to be taken, any action necessary to implement such resolution. All fees and expenses of the Tax Arbiter shall be shared equally by the Parties to the dispute. In the case of any dispute involving
the Tax laws of a jurisdiction other than Canada or the United States, the provisions of this Section 24 shall apply to such dispute mutatis mutandis. 

Section 25. Counterparts; Effectiveness; Third-Party Beneficiaries. This Agreement may be signed in any number of counterparts,
each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Until and unless each Party has received a counterpart hereof signed by the other Party hereto, this Agreement shall have
no effect and no Party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Except for Section 13(d) and the indemnification and release provisions
of Section 10, neither this Agreement nor any provision hereof is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties hereto and their respective
successors and permitted assigns. 

  
 22 

 Section 26. Successors and Assigns. The provisions of this Agreement shall be
binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns; provided that neither Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement
without the consent of the other Party hereto. If any Party or any of its successors or permitted assigns (i) shall consolidate with or merge into any other Person and shall not be the continuing or surviving corporation or entity of such
consolidation or merger or (ii) shall transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the successors and assigns of such Party shall assume all
of the obligations of such Party under the Separation Agreement and any Ancillary Agreements. 
 Section 27. Authorization. Each
of Parent and Solta hereby represents and warrants that it has the power and authority to execute, deliver and perform this Agreement, on its behalf and on behalf of each member of its Group, that this Agreement has been duly authorized by all
necessary corporate action on the part of such Party and each member of its Group, that this Agreement constitutes a legal, valid and binding obligation of each such Party and each member of its Group, and that the execution, delivery and
performance of this Agreement by such Party and each member of its Group does not contravene or conflict with any provision or law or of its charter or bylaws or any agreement, instrument or order binding on such Party or member of its Group. 

Section 28. Change in Tax Law. Any reference to a provision of the Code, Treasury Regulations or any other Applicable Tax Law
shall include a reference to any applicable successor provision of the Code, Treasury Regulations or other Applicable Tax Law. 

Section 29. Performance. Each Party shall cause to be performed all actions, agreements and obligations set forth herein to be
performed by any member of such Party’s Group. 
 [Signature Page Follows] 

  
 23 

 IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the day and
year first written above. 
  

			
	Bausch Health Companies Inc., on its own behalf and on behalf of the members of the Parent Group
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Solta Medical Corporation, on its own behalf and on behalf of the members of the Solta Group
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page]EX-10.4

 Exhibit 10.4 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT, dated as of [•], 2021 (this “Agreement”), is made by and between Bausch Health
Companies Inc., a corporation continued under the British Columbia Business Corporations Act (“Parent”), and Solta Medical Corporation, a company incorporated under the British Columbia Business Corporations Act
(“Solta”). 
 Unless otherwise defined in this Agreement, all capitalized terms used in this Agreement shall have the
meaning set forth in the Master Separation Agreement, dated as of the date hereof, by and between Parent and Solta (as amended, modified or supplemented from time to time in accordance with its terms, the “Separation Agreement”).

 W I T N E S S E T H: 

WHEREAS, Solta is presently a wholly-owned subsidiary of Parent; 

WHEREAS, pursuant to the Separation Agreement, Parent is offering and selling to the public Solta Common Shares pursuant to a registration
statement on Form S-1 (the “IPO”), immediately following which offering and sale Parent will own at least a majority of the outstanding Solta Common Shares; 

WHEREAS, Parent and Solta desire to enter into this Agreement to set forth the terms and conditions of the registration rights and obligations
of Parent and Solta; and 
 WHEREAS, the Separation Agreement requires execution and delivery of this Agreement by Parent and Solta at or
prior to the Separation Time. 
 NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained, it is agreed as
follows: 
 Article I 

Definitions 

Section 1.1 Definitions. As used in this Agreement, the following capitalized terms shall have the meanings ascribed to them
below. Capitalized terms that are not defined in this Agreement shall have the meanings set forth in the Separation Agreement. 

“Affiliate” shall mean, when used with respect to a specified Person, a Person that, directly or indirectly, through one or
more intermediaries, controls, is controlled by or is under common control with such specified Person. For the purpose of this definition, “control” (including, with correlative meanings, “controlled by” and
“under common control with”), when used with respect to any specified Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether
through the ownership of voting securities or other interests, by contract, agreement, obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment, undertaking or otherwise. It is expressly agreed that, prior to,
at and after the Separation Time, solely for purposes of this Agreement and the Ancillary Agreements, (a) no member of the Solta Group (shall be deemed to be an Affiliate of any member of the Parent Group and (b) no member of the
Parent Group shall be deemed to be an Affiliate of any member of the Solta Group. 

 “Agreement” shall have the meaning set forth in the Preamble. 

“Article III Notice” shall have the meaning set forth in Section 3.1. 

“Business Day” shall mean a day other than a Saturday, a Sunday or a day on which banking institutions located in
Québec, Canada, Toronto, Ontario or New York, New York are authorized or obligated by Law or executive order to close. 

“Damages” shall have the meaning set forth in Section 6.1. 

“Demand Registration” shall have the meaning set forth in Section 2.1. 

“Demand Request” shall have the meaning set forth in Section 2.1. 

“Disclosure Package” shall mean, with respect to any offering of securities, (a) the preliminary Prospectus,
(b) each Free Writing Prospectus (if any) and (c) all other information prepared by or on behalf of Solta, in each case, that is deemed under Rule 159 promulgated under the Securities Act to have been conveyed to purchasers of securities
at the time of sale of such securities (including a contract of sale). 
 “Exchange Act” shall mean the U.S. Securities
Exchange Act of 1934, as amended, together with the rules and regulations promulgated thereunder. 
 “Free Writing
Prospectus” shall mean any “free writing prospectus” as defined in Rule 405 promulgated under the Securities Act. 

“Governmental Authority” shall mean any nation or government, any state, municipality or other political subdivision thereof,
and any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign, multinational, supranational, territorial, or provincial, exercising executive,
legislative, judicial, regulatory, administrative or other similar functions of, or pertaining to, a government and any executive official thereof. 

“Holder” shall mean any member of the Parent Group holding Registrable Securities. 

“Holder Covered Persons” shall have the meaning set forth in Section 6.1. 

“Holder Free Writing Prospectus” shall mean each Free Writing Prospectus prepared by or on behalf of (unless prepared by
Solta or on behalf of Solta) a Holder and used or referred to by such Holder in connection with the offering of Registrable Securities. 

“Indemnified Party” shall have the meaning set forth in Section 6.3. 

“Indemnifying Party” shall have the meaning set forth in Section 6.3. 

“IPO” shall have the meaning set forth in the Recitals. 

  
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 “Parent” shall have the meaning set forth in the Preamble. 

“Parent Group” shall mean Parent and each Person that is a Subsidiary of Parent (other than Solta and any other member of the
Solta Group). 
 “Parties” shall mean the parties to this Agreement. 

“Person” shall mean an individual, a general or limited partnership, a corporation, a trust, a joint venture, an
unincorporated organization, a limited liability entity, any other entity and any Governmental Authority. 
 “Piggy-back
Registration” shall have the meaning set forth in Section 3.1. 
 “Prospectus” shall
mean the prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement or any
other amendments and supplements to such prospectus, including any preliminary prospectus, any pre-effective or post-effective amendment and all material incorporated by reference in any prospectus. 

“Public Offering” shall have the meaning set forth in Section 3.1. 

“Registrable Securities” shall mean Solta Common Shares, including any other Solta Common Shares that may be acquired by any
Holder. As to any particular Registrable Securities, once issued, such securities shall cease to be Registrable Securities when (a) a Registration Statement with respect to the sale of such securities shall have become effective under the
Securities Act and such securities shall have been disposed of in accordance with such Registration Statement, (b) such securities shall have been sold to the public pursuant to Rule 144 (or any successor provision) under the Securities Act,
(c) such securities shall have ceased to be outstanding or (d) such securities may be sold in the public market of the United States under Rule 144, without regard to the volume or manner of sale limitations of such rule. 

“Registration Expenses” shall have the meaning set forth in Section 5.1. 

“Registration Statement” shall mean any registration statement of Solta that covers Registrable Securities pursuant to the
provisions of this Agreement, all amendments and supplements to such registration statement, including post-effective amendments, and all exhibits and all material incorporated by reference in such registration statement. 

“Rule 144” shall have the meaning set forth in Section 7.1. 

“SEC” shall mean the U.S. Securities and Exchange Commission. 

“Securities Act” shall mean the U.S. Securities Act of 1933, as amended, together with the rules and regulations promulgated
thereunder. 
 “Selling Shareholders” shall have the meaning set forth in Section 3.2. 

  
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 “Separation Agreement” shall have the meaning set forth in the Recitals.

 “Shelf Registration” means a registration of the Registrable Securities under a Registration Statement of Solta for an
offering to be made on a delayed or continuous basis of Solta Common Shares pursuant to Rule 415 under the Securities Act (or any successor or similar rule). 

“Solta” shall have the meaning set forth in the Preamble. 

“Solta Common Shares” shall mean the common shares of Solta, no par value (it being understood that, if the Solta Common
Shares, as a class, shall be reclassified, exchanged or converted into another security (including as a result of a merger, consolidation or otherwise) or the right to receive such security, each reference to Solta Common Share in this Agreement
shall refer to such other security into which the Solta Common Share was reclassified, exchanged or converted). 
 “Solta Covered
Person” shall have the meaning set forth in Section 6.2. 
 “Solta Free Writing
Prospectus” shall mean each Free Writing Prospectus prepared by or on behalf of Solta. 
 “Solta Group” shall mean
(a) prior to the Separation Time, Solta and each Person that will be a Subsidiary of Solta immediately after the Separation Time, including the Transferred Entities and their respective Subsidiaries, even if, prior to the Separation Time, such
Person is not a Subsidiary of Solta, and (b) on and after the Separation Time, Solta and each Person that is a Subsidiary of Solta. 

“Underwritten Takedown” shall have the meaning set forth in Section 2.1. 

Article II 
 Demand
Registrations 
 Section 2.1 Requests for Registration. (a) Subject to the provisions of this Article II, any
Holder or group of Holders may at any time make a written request (a “Demand Request”) for registration under the Securities Act on Form S-1 or any similar long-form registration statement of
all or any portion of its Registrable Securities or if the Company is then eligible to use Form S-3, a registration statement on Form S-3 of all or any portion of its
Registrable Securities (a “Demand Registration”). Such Demand Requests shall specify the amount of Registrable Securities to be registered and the intended method or methods of disposition. Solta shall, subject to the provisions of
this Article II and to the Holders’ compliance with their obligations under the provisions of this Agreement, use its commercially reasonable efforts to file with the SEC a Registration Statement registering all Registrable Securities
included in such Demand Request for disposition in accordance with the intended method or methods set forth therein as promptly as possible following receipt of a Demand Request; provided, that if the managing underwriter(s) for a Demand
Registration in which Registrable Securities are proposed to be included pursuant to this Article II that involves an underwritten offering shall advise Solta 

  
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that, in its reasonable opinion, the number of Registrable Securities to be sold is greater than the amount that can be offered without adversely affecting the success of the offering (taking
into consideration the interests of Solta and the Holders), then Solta will be entitled to reduce the number of Registrable Securities included in such registration to the number that, in the opinion of the managing underwriter(s), can be sold
without having the adverse effect referred to above; provided, further, that in the event of such a reduction in the number of Registrable Securities included in such registration, the number of Registrable Securities registered shall
be allocated in the following priority: first, pro rata among the Holders participating in the Demand Registration, based on the number of Registrable Securities included by such Holder in the Demand Request; second, Solta Common
Shares proposed to be registered for offer and sale by Solta; and third, Solta Common Shares proposed to be registered pursuant to any piggy-back registration rights of security holders of Solta other than any Holder. Solta shall use its
commercially reasonable efforts to cause such Registration Statement to be declared effective as soon as practicable after filing and to remain effective until the earlier of (a) ninety (90) days following the date on which it was declared
effective, and (b) the date on which all of the Registrable Securities covered thereby are disposed of in accordance with the method or methods of disposition stated therein. 

(b) Notwithstanding the provisions of Section 2.1(a), Demand Registrations shall be Shelf Registrations whenever
Solta is permitted to use any applicable short form Registration Statement on Form S-3. Solta shall use its commercially reasonable efforts to promptly cause the Shelf Registration to be declared effective
under the Securities Act as soon as reasonably practicable after the filing thereof and Solta shall use its commercially reasonable efforts to keep such shelf registration continuously effective following such registration until three (3) years
after the registration statement is declared effective. Any Holder or group of Holders may request an underwritten offering using such Shelf Registration (an “Underwritten Takedown”), and any such request shall be deemed a Demand
Registration. The provisions of Section 2.1(a) shall apply mutatis mutandis to each Underwritten Takedown, with references to “filing of the Registration Statement” or such Registration Statement being
declared “effective” being deemed references to filing of a prospectus or supplement for such offering and references to “registration” being deemed references to the offering; provided that any Holder or group of Holders
participating in the Underwritten Takedown shall only include any Holder or group of Holders whose Registrable Securities are included in such Shelf Registration or may be included therein without the need for a post-effective amendment to such
Shelf Registration (other than an automatically effective amendment). 
 Section 2.2 Limitations on Demand Registration
Requests. (a) Notwithstanding anything in this Article II to the contrary, Solta shall not be obligated to effect a Demand Registration, other than a Shelf Registration but including an Underwritten Takedown, (i) unless the
aggregate proceeds expected to be received from the sale of the Registrable Securities requested to be included in such Demand Registration equals or exceeds $50,000,000 or such lesser amount that constitutes all of such Holder’s Registrable
Securities, (ii) if a Piggy-back Registration had been available to any Holder within the ninety (90) days preceding the date of the Demand Request, (iii) within sixty (60) days after the effective date of a previous registration
effected with respect to the Registrable Securities pursuant to Section 2.1 or (iv) during any period (not to exceed one hundred eighty days (180) days) in the case of the IPO or otherwise 90 days following the
closing of the completion of an offering of securities by Solta if such Demand Registration would cause Solta to breach a “lock-up” or similar provision contained in the underwriting agreement for
such offering. Furthermore, Solta shall not be obligated to effect more than three (3) Demand Registrations in any twelve (12)-month period. 

  
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 (b) At any time prior to the effective date of the registration statement or the filing of a
prospectus statement relating to such registration, the Holder making such Demand Registration may revoke such request, without liability to any of the other Holders, by providing a notice to Solta revoking such request. A request, so revoked, shall
be considered to be a Demand Registration unless (i) such revocation arose out of the fault of the Solta (in which case Solta shall be obligated to pay all Registration Expenses in connection with such revoked request), or (ii) the Holder
making such Demand Request reimburses the Company for all Registration Expenses (other than the expenses set forth under clause (f) of the definition of the term Registration Expenses) of such revoked request. 

Section 2.3 Suspension of Registration. Notwithstanding the foregoing, if in the good faith judgment of the Board of Directors of
Solta it would be materially detrimental to Solta and its shareholders for any Registration Statement to be filed or continued to be used or for any Registration Statement or Prospectus to be amended or supplemented because such filing, continued
use, amendment or supplement would (a) require disclosure of material nonpublic information, the disclosure of which would be reasonably likely to materially and adversely affect Solta and its subsidiaries, taken as a whole, or
(b) materially interfere with any existing or prospective business transaction or negotiation involving Solta, Solta shall have the right to suspend the use of the applicable Registration Statement or delay delivery or filing, but not the
preparation, of the applicable Registration Statement or Prospectus or any document incorporated therein by reference, in each case for a reasonable period of time; provided, however, that Solta shall not be able to exercise such
suspension right more than twice in each twelve (12)-month period aggregating not more than one hundred twenty (120) days in such twelve (12)-month period. In the event that the ability of the Holders to sell shall be suspended for any reason,
the period of such suspension shall not count towards compliance with the ninety (90)-day period referred to in clause (i) of Section 2.1(a). 

Article III 
 Piggy-back
Registrations 
 Section 3.1 Right to Include Registrable Securities. If at any time Solta proposes to register (including
for this purpose a registration effected by Solta for security holders of Solta other than any Holder) securities that may include any Solta Common Shares and to file a Registration Statement under the Securities Act, whether or not for sale for its
own account (other than pursuant to a registration statement on Form S-4, Form S-8 or any successor or similar forms), in a manner that would permit registration or the
offer and sale of Registrable Securities for resale to the public under an effective Registration Statement under the Securities Act (a “Public Offering”), Solta will at each such time promptly give written notice to the Holders of
(a) its intention to do so, (b) the form of registration statement of the SEC that has been selected by Solta and (c) the rights of Holders under this Article III (the “Article III Notice”). Solta will include
in any Public Offering all Registrable Securities that Solta is requested in writing, within seven (7) days after the date the Article III Notice is delivered by Solta, to register by the Holders thereof (each, a “Piggy-back
Registration”); provided, however, 

  
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that (i) if, at any time after giving the Article III Notice and prior to the effective date of the Registration Statement, Solta shall determine to abandon such Public Offering, Solta may
give written notice of such determination to all Holders who so requested registration, and thereafter Solta shall be relieved of its obligation to register or offer for sale any Registrable Securities in connection with such abandoned Public
Offering (without prejudice to the other rights of Holders under this Article III), and (ii) Solta shall be permitted to delay such Public Offering for the same period and under the same circumstances as set forth in
Section 2.3. No Piggy-back Registration effected by Solta under this Article III shall relieve Solta of its obligations to effect Demand Registrations under Article II, except as otherwise set forth in
Section 2.2. 
 Section 3.2 Priority; Registration Form. If the managing underwriter(s) for a
Piggy-back Registration that involves an underwritten offering shall advise Solta in good faith that, in its opinion, the number of Solta Common Shares to be sold for the account of persons other than Solta (collectively, “Selling
Shareholders”) is greater than the amount that can be offered without adversely affecting the success of the offering (taking into consideration the interests of Solta and the Holders), then the number of Solta Common Shares to be sold for
the account of Selling Shareholders (including Holders) may be reduced to a number that, in the reasonable opinion of the managing underwriter(s), may reasonably be sold without having the adverse effect referred to above. The reduced number of
Solta Common Shares that may be registered in such Public Offering shall be allocated in the following priority: first, to Solta Common Shares proposed to be registered for offer and sale by Solta; second, to Solta Common Shares
proposed to be registered pursuant to any demand registration rights of security holders of Solta other than any Holder; and third, to Registrable Securities proposed to be registered by Holders as a Piggy-back Registration. If the number of
Registrable Securities proposed to be registered by Holders as a Piggy-back Registration is reduced pursuant to this Section 3.2, such Registrable Securities included in the Registration Statement shall be allocated pro
rata among the Holders participating in the Piggy-back Registration based on the number of Registrable Securities beneficially owned by the respective Holders. If, as a result of the proration provisions of this
Section 3.2, any Holder shall not be entitled to include all Registrable Securities in a registration pursuant to this Article III that such Holder has requested be included, such Holder may elect to withdraw its
Registrable Securities from such registration. 
 Article IV 

Registration Procedures 

Section 4.1 Use Commercially Reasonable Efforts. In connection with Solta’s registration obligations pursuant to Article
II and Article III, Solta shall use its commercially reasonable efforts to effect such registrations to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof and pursuant
thereto Solta shall as expeditiously as reasonably practicable, and as applicable: 
 (a) prepare and file with the SEC a Registration
Statement or Registration Statements relating to the registration on any appropriate form under the Securities Act, and to cause such Registration Statement to become effective as soon as reasonably practicable and to remain continuously effective
for the time period required by this Agreement to the extent permitted under the Securities Act; 

  
 -7- 

 (b) except in the case of a Shelf Registration effected on Form S-3, prepare and file with the SEC, as applicable, such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the time period
required by this Agreement; cause the Registration Statement and the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed in accordance with the Securities Act and any rules and regulations
promulgated thereunder; and otherwise comply with the provisions of the Securities Act as may be necessary to facilitate the disposition of all Registrable Securities covered by such Registration Statement during the applicable period in accordance
with the intended method or methods of disposition by the selling Holders thereof set forth in such Registration Statement, Prospectus or Prospectus supplement; 

(c) in the case of a Shelf Registration effected on Form S-3, prepare and file with the SEC such
amendments and supplements to such Registration Statement and the Prospectus used in connection with such Registration Statement, and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities
subject thereto for a period ending on the earlier of (i) thirty-six (36) months after the effective date of such Registration Statement plus the number of days that any filing or
effectiveness has been delayed under Section 2.3 and (ii) the date on which all the Registrable Securities subject thereto have been sold pursuant to such Registration Statement; 

(d) notify the selling Holders and the managing underwriter(s), if any, promptly if at any time (i) any Prospectus, Registration Statement
or amendment or supplement thereto is filed, (ii) any Registration Statement, or any post-effective amendment thereto, becomes effective, (iii) the SEC or any other Governmental Authority requests any amendment or supplement to, or any
additional information in respect of, any Registration Statement or Prospectus, (iv) the SEC or any other Governmental Authority issues any stop order suspending the effectiveness of a Registration Statement or initiates any proceedings for
that purpose, (v) Solta receives any notice that the qualification of any Registrable Securities for sale in any jurisdiction has been suspended or that any proceeding has been initiated for the purpose of suspending such qualification,
(vi) upon the discovery of any event which requires that any changes be made in such Registration Statement or any related Prospectus so that such Registration Statement or Prospectus will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, in light of the circumstances under which they were made (provided, however, that, in the case of this subclause
(vi), such notice need only state that an event of such nature has occurred, without describing such event), (vii) of the determination by counsel of Solta that a post-effective amendment to a Registration Statement is advisable; or
(viii) if, at any time, the representations and warranties of Solta in any applicable underwriting agreement cease to be true and correct in all material respects. Solta hereby agrees to promptly reimburse any selling Holders for any reasonable
out-of-pocket losses and expenses incurred in connection with any uncompleted sale of any Registrable Securities in the event that Solta fails to timely notify such
Holder that the Registration Statement then on file with the SEC is no longer effective or qualifying the distribution of Registrable Securities, as applicable; 

  
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 (e) make every reasonable effort to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement, or the qualification of any Registrable Securities for sale in any jurisdiction, at the earliest reasonably practicable time; 

(f) if requested by the managing underwriter(s) or any Holder of Registrable Securities being sold in connection with an underwritten offering,
incorporate into a Prospectus, or a supplement or a post-effective amendment to the Registration Statement any information that the managing underwriter(s), such Holder and Solta reasonably agree is required to be included therein relating to such
sale of Registrable Securities; and file such supplement or amendment as soon as practicable in accordance with the Securities Act and the rules and regulations promulgated thereunder; 

(g) upon the written request of a Holder or managing underwriter, if any, furnish to such Persons, one signed copy of the Registration
Statement or Registration Statements or any Solta Free Writing Prospectus and any post-effective amendment thereto, including all financial statements and schedules thereto, all documents incorporated therein by reference and all exhibits thereto
(including exhibits incorporated by reference) as promptly as practicable after filing such documents with the SEC; 
 (h) upon the written
request of a Holder or managing underwriter, if any, deliver to such Persons, as many copies of the Prospectus or Prospectuses (including each preliminary Prospectus), and any amendment, supplement or exhibit thereto as such Persons may reasonably
request; and consent to the use of such Prospectus or any amendment, supplement or exhibit thereto by each such selling Holder and underwriter, if any, in connection with the offering and sale of the Registrable Securities covered by such
Prospectus, amendment, supplement or exhibit, in each case, in accordance with the intended method or methods of disposition thereof; 
 (i)
prior to any public offering of Registrable Securities, register or qualify, or cooperate with the selling Holders, the underwriter(s), if any, and their respective counsel in connection with the registration or qualification of, such Registrable
Securities for offer and sale under the securities or blue sky laws of such jurisdictions as may be requested by the Holders of a majority of the Registrable Securities included in such Registration Statement; keep each such registration or
qualification effective during the period that the applicable Registration Statement is required to be maintained effective under this Agreement; and do any and all other acts or things necessary to enable the disposition in such jurisdictions of
the Registrable Securities covered by such Registration Statement; provided, however, that Solta will not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action that
would subject it to general service of process in any jurisdiction where it is not then so subject; 
 (j) furnish to counsel selected by the
Holders, prior to the filing of a Registration Statement, Prospectus or any Solta Free Writing Prospectus thereto with the SEC, copies of such documents and with a reasonable and appropriate opportunity to review and comment on such documents,
subject to such documents being under Solta’s control; 

  
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 (k) cooperate with the selling Holders and the underwriter(s), if any, in the preparation
and delivery of certificates representing the Registrable Securities to be sold, such certificates to be in such denominations and registered in such names as such selling Holders or underwriter(s) may request at least five (5) Business Days
prior to any sale of Registrable Securities represented by such certificates; 
 (l) subject to Section 4.3, upon
the occurrence of any event described in Section 4.1(d)(vi), promptly prepare and file a supplement or post-effective amendment to the applicable Registration Statement, Prospectus or any document incorporated therein by
reference, and any other required documents, so that such Registration Statement, Prospectus or any amendment or supplement thereto, will not thereafter contain an untrue statement of a material fact or omit to state any material fact necessary to
make the statements therein not misleading, in light of the circumstances under which they were made, and to cause such supplement or post-effective amendment to become effective as soon as practicable; 

(m) take all other actions in connection therewith as are reasonably necessary or desirable to expedite or facilitate the disposition of the
Registrable Securities included in such Registration Statement and, in the case of an underwritten offering: (i) enter into an underwriting agreement in customary form with the managing underwriter(s) (such agreement to contain standard and
customary indemnities, representations, warranties and other agreements of or from Solta, as the case may be); (ii) obtain opinions of counsel to Solta (which, if reasonably acceptable to the underwriter(s), may be Solta’s inside counsel)
addressed to the underwriter(s), such opinions to be in customary form; and (iii) obtain “comfort” letters from Solta’s independent certified public accountants addressed to the underwriter(s), such letters to be in customary
form; 
 (n) with respect to each Solta Free Writing Prospectus or other materials to be included in the Disclosure Package, ensure that no
Registrable Securities be sold “by means of” (as defined in Rule 159A(b) promulgated under the Securities Act) such Solta Free Writing Prospectus or other materials without the Holders whose Registrable Securities are being registered
having first been provided with a reasonable opportunity to review and comment on such documents; 
 (o) within the deadlines specified by
the Securities Act, make all required filings of all Prospectuses and Solta Free Writing Prospectuses with the SEC; 
 (p) make available for
inspection by any selling Holder of Registrable Securities, any underwriter(s) participating in any disposition pursuant to such Registration Statement, and any attorney, accountant or other agent retained by any such selling Holder or
underwriter(s) all reasonably requested financial and other records, pertinent corporate documents and properties of Solta; and cause Solta’s officers, directors, employees, attorneys and independent accountants to supply all information
reasonably requested by any such selling Holders, underwriter(s), attorneys, accountants or agents in connection with such Registration Statement (each selling Holder of Registrable Securities agrees, on its own behalf and on behalf of all its
underwriter(s), accountants, attorneys and agents, that the information obtained by it as a result of such inspections shall be kept confidential by it and, except as required by law, not disclosed by it, in each case, unless and until such
information is made generally available to the 

  
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public other than by such selling Holder; and each selling Holder of Registrable Securities further agrees, on its own behalf and on behalf of all its underwriter(s), accountants, attorneys and
agents, that it will, upon learning that disclosure of such information is sought in a court of competent jurisdiction, promptly give notice to Solta and allow Solta at its expense, to undertake appropriate action to prevent disclosure of the
information deemed confidential); 
 (q) in the case of underwritten offerings, consider in good faith any reasonable request of the selling
Holders and underwriters for the participation of management of Solta in “road shows” and similar sales events during normal business hours, upon reasonable notice and in a manner that does not unreasonably interfere with the operations of
Solta’s business; 
 (r) reasonably cooperate with the selling Holders and each underwriter or agent participating in the disposition of
such Registrable Securities and their respective counsel, in connection with any filings required to be made with the Financial Industry Regulatory Authority; 

(s) cause all Registrable Securities covered by the applicable Registration Statement to be listed on each securities exchange on which Solta
Common Shares are then listed or quoted; and 
 (t) take all other customary steps reasonably necessary to effect the registration or to
qualify for the offer and sale of the Registrable Securities contemplated hereby. 
 Section 4.2 Holders’ Obligation to Furnish
Information. Solta may require each Holder of Registrable Securities as to which any registration is being effected to furnish to Solta such information regarding the distribution of such Registrable Securities, and other customary
certifications and agreements as Solta may from time to time reasonably request in writing. 
 Section 4.3 Suspension of Sales
Pending Amendment of Prospectus. Each Holder shall, upon receipt of any notice from Solta of the happening of any event of the kind described in clauses (iii) through (vi) of Section 4.1(d), suspend the disposition of any
Registrable Securities covered by such Registration Statement or Prospectus until such Holder’s receipt of the copies of a supplemented or amended Prospectus or until it is advised in writing by Solta that the use of the applicable Prospectus
may be resumed, and, if so directed by Solta such Holder will deliver to Solta all copies, other than permanent file copies, then in such Holder’s possession of any Prospectus covering such Registrable Securities. If Solta shall have given any
such notice during a period when a Demand Registration is in effect, the ninety (90)-day period referred to in clause (i) of Section 2.1 shall be extended by the number of days
of such suspension period. 
 Article V 

Registration Expenses 

Section 5.1 Registration Expenses. Except as otherwise expressly provided herein to the contrary, all reasonable and documented
expenses incident to Solta’s performance of or compliance with its obligations under this Agreement, including without limitation all (a) registration and filing fees, (b) fees and expenses of compliance with securities or blue sky
laws, (c) expenses in connection with the preparation, printing, mailing and delivery of any Registration Statements or Prospectuses and other documents in connection therewith and any 

  
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amendments or supplements thereto, (d) fees and disbursements of its counsel and its independent certified public accountants (including the expenses of any special audit or
“comfort” letters required by or incident to such performance or compliance), (e) fees and disbursements of one counsel for the selling Holders, (f) internal expenses of the Solta Group (including all salaries and expenses of its
officers and employees performing legal or accounting duties, (g) securities acts liability insurance (if Solta elects to obtain such insurance) and (h) the expenses and fees for listing securities to be registered on any securities
exchange, shall be borne by Solta (all such expenses being herein referred to as “Registration Expenses”); provided, however, that Registration Expenses shall not include any underwriting discounts or commissions or
transfer taxes, which underwriting discounts or commissions and transfer taxes shall in all cases be borne solely by the Holders. 

Article VI 

Indemnification 

Section 6.1 Indemnification by Solta. In the event of any registration of any securities of Solta under the Securities Act
pursuant to Article II or Article III, Solta will indemnify and hold harmless each selling Holder of any Registrable Securities covered by such Registration Statement, its directors, officers and agents and each other Person, if any,
who controls such selling Holder within the meaning of Section 15 of the Securities Act (each such selling Holder and such other Persons, collectively, “Holder Covered Persons”), against any and all out-of-pocket losses, claims, damages, liabilities and expenses (including reasonable attorneys’ fees and expenses) (collectively, “Damages”) actually
and as incurred by such Holder Covered Person under the Securities Act, common law or otherwise, to the extent that such Damages (or actions or proceedings in respect thereof) arise out of or result from (a) any untrue statement or alleged
untrue statement of a material fact contained in the Disclosure Package, any Registration Statement or Prospectus under which such securities were registered under the Securities Act or the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, or (b) any untrue statement or alleged untrue statement of a material fact contained in
any preliminary Prospectus or in the Prospectus, together with the documents incorporated by reference therein (as amended or supplemented if Solta shall have filed with the SEC any amendment thereof or supplement thereto), or the omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided, however, that Solta shall
not be liable to any Holder Covered Person in any such case to the extent that any such Damage (or action or proceeding in respect thereof) arises out of or relates to any untrue statement or alleged untrue statement or omission or alleged omission
made in such Registration Statement or amendment thereof or supplement thereto or in any such preliminary, final or summary Prospectus in reliance upon and in conformity with written information furnished to Solta by or on behalf of any such Holder
Covered Person specifically for use in the preparation thereof. 
 Section 6.2 Indemnification by the Selling Holders. Each
Holder selling Registrable Securities in any Registration Statement filed pursuant to Article II or Article III will indemnify and hold harmless, severally and not jointly, Solta, its directors, officers and agents and each Person
controlling Solta within the meaning of Section 15 of the Securities Act (each, an “Solta  

  
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Covered Person”) against any and all Damages actually and as incurred by such Solta Covered Person under the Securities Act, common law or otherwise, to the extent that such Damages
(or actions or proceedings in respect thereof) arise out of or result from any statement or alleged statement in or omission or alleged omission from the Disclosure Package, such Registration Statement, any preliminary, final or summary Prospectus
contained therein, any Holder Free Writing Prospectus for such Holder or any amendment or supplement thereto, if such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with written information
furnished to Solta or its representatives in writing by or on behalf of any selling Holder specifically for use in the preparation of such Disclosure Package, Registration Statement, preliminary, final or summary Prospectus, Holder Free Writing
Prospectus or amendment or supplement thereto. In no event shall the liability of any Holder hereunder be greater than the net proceeds received by such Holder under the sale of the Registrable Securities giving rise to such indemnification
obligation. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of Solta or any of its directors, officers, agents, or controlling Persons. Solta may require as a condition to its including
Registrable Securities in any Registration Statement filed hereunder that each such selling Holder acknowledge its agreement to be bound by the provisions of this Agreement (including this Article VI) applicable to it. 

Section 6.3 Notices of Claims. Promptly after receipt by a Holder Covered Person or an Solta Covered Person (each, an
“Indemnified Party”) of written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article VI, such Indemnified Party will, if a claim in
respect thereof is to be made against, respectively, Solta, on the one hand, or any selling Holder, on the other hand (such Person or Persons, the “Indemnifying Party”), give written notice to the latter of the commencement of such
action; provided, however, that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its or their obligations under this Article VI, except to the extent that the
Indemnifying Party is actually materially prejudiced by such failure to give notice, and in no event shall such failure relieve the Indemnifying Party from any other liability that it may have to such Indemnified Party. If any such claim or action
shall be brought against an Indemnified Party, and it shall notify the Indemnifying Party thereof in accordance with this Section 6.3, the Indemnifying Party shall be entitled to participate therein, and, to the extent that
it wishes, to assume the defense thereof with counsel reasonably satisfactory to the Indemnified Party, and after notice from the Indemnifying Party to such Indemnified Party of its election to assume the defense thereof, the Indemnifying Party
shall not be liable to such Indemnified Party under this Article VI for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense thereof, other than reasonable cost of investigation;
provided, further, that if, in the Indemnified Party’s reasonable judgment, a conflict of interest between the Indemnified Party and the Indemnifying Party exists in respect of such claim, then such Indemnified Party shall have
the right to participate in the defense of such claim and to employ one firm of attorneys at the Indemnifying Party’s expense to represent such Indemnified Party. No Indemnified Party will consent to entry of any judgment or enter into any
settlement without the Indemnifying Party’s written consent to such judgment or settlement, which shall not be unreasonably withheld, conditioned or delayed. No Indemnifying Party shall, without the prior written consent of the Indemnified
Party, consent to entry of any judgment or enter into any settlement in respect of which the Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an
unconditional release of such Indemnified Party from all liability arising out of such claim or proceeding. 

  
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 Section 6.4 Contribution. If the indemnification provided for in this Article
VI is unavailable or insufficient to hold harmless an Indemnified Party under this Article VI, then each Indemnifying Party shall have a several and not joint obligation to contribute to the amount paid or payable by such Indemnified
Party as a result of the Damages referred to in this Article VI in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and the Indemnified Party, on the other hand, in connection with
the offering that resulted in such Damages, as well as any other relevant equitable considerations. The relative fault shall be determined by reference to, among other things, whether an untrue or alleged untrue statement of a material fact or an
omission or alleged omission to state a material fact relates to information supplied by the Indemnifying Party or the Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such untrue statements or omission. Notwithstanding anything in this Section 6.4 to the contrary, no Holder shall be required to contribute any amount pursuant to this Section 6.4 in excess of the
amount by which (a) the net proceeds received by such Holder from the sale of Registrable Securities in the offering to which the misstatement or omission relates exceeds, and (b) the amount of any Damages that such Holder has otherwise
been required to pay by reason of such misstatement or omission. Solta and the Holders agree that it would not be just and equitable if contributions pursuant to this Section 6.4 were to be determined by pro rata allocation
or by any other method of allocation that does not take account of the equitable considerations referred to in this Section 6.4. The amount paid by an Indemnified Party as a result of the Damages referred to in the first
sentence of this Section 6.4 shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any action or claim (which shall be limited as
provided in Section 6.3 if the Indemnifying Party has assumed the defense of any such action in accordance with the provisions thereof) that is the subject of this Section 6.4. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. Promptly after receipt by an Indemnified Party
under this Section 6.4 of notice of the commencement of any action against such party in respect of which a claim for contribution may be made against an Indemnifying Party under this Section 6.4,
such Indemnified Party shall notify the Indemnifying Party in writing of the commencement thereof if the notice specified in Section 6.3 has not been given with respect to such action; provided, however, that
the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its or their obligations under this Article VI, except to the extent that the Indemnifying Party is actually materially
prejudiced by such failure to give notice, and in no event shall such failure relieve the Indemnifying Party from any other liability that it may have to such Indemnified Party. 

  
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 Article VII 

Rule 144 
 Section 7.1
Rule 144. Solta shall file the reports required to be filed by it under the Securities Act and the Exchange Act so long as it is subject to such reporting requirements, all to the extent required from time to time to enable the Holders to
sell Registrable Securities without registration under the Securities Act within the limits of the exemptions provided by Rule 144 (or any successor or similar provision) of the Securities Act (“Rule 144”). Upon the request of a
Holder, Solta shall deliver to such Holder a written statement stating whether it has complied with such requirements and will take such further action as such Holder may reasonably request, all to the extent required from time to time to enable
such Holder to sell Registrable Securities without registration under the Securities Act within the limits of the exemptions provided by Rule 144. 

Article VIII 

Underwritten Registrations 

Section 8.1 Selection of Underwriter(s). In each registration under Article II or Article III, the underwriter or
underwriters and managing underwriter or managing underwriters that will administer the offering shall be selected by the Holders of a majority in aggregate amount of Registrable Securities included in such offering; provided that such
underwriter or underwriters and managing underwriter or managing underwriters shall also be approved by Solta, such approval not to be unreasonably withheld, conditioned or delayed. 

Section 8.2 Agreements of Selling Holders. No Holder shall sell any of its Registrable Securities in any underwritten offering
pursuant to a registration hereunder, unless such Holder (a) agrees to sell such Registrable Securities on a basis provided in any underwriting agreement in customary form, including the making of customary representations, warranties and
indemnities and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting agreements or as reasonably requested by Solta (whether or
not such offering is underwritten). 
 Article IX 

Holdback Agreements 

Section 9.1 Restrictions on Public Sales by Holders. To the extent not inconsistent with applicable law, each Holder that is
timely notified in writing by the managing underwriter(s) or underwriter(s) shall not effect any public sale or distribution (including a sale pursuant to Rule 144) of any securities of Solta of the same class or series being registered in an
underwritten offering (other than pursuant to an employee stock option, stock purchase, stock bonus or similar plan, or pursuant to a merger, exchange offer, plans of arrangement or transaction of the type specified in Rule 145(a) under the
Securities Act) or any securities of Solta convertible into or exchangeable or exercisable for securities of the same class or series, during the seven (7)-day period prior to the effective date of the
applicable Registration Statement, if such date is known, or during the period beginning on such effective date and ending either (a) sixty (60) days after such effective date or (b) any such earlier date as may be requested by the
managing underwriter(s) or underwriter(s) of such registration, except as part of such registration. 

  
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 Article X 

Representations and Warranties 

Section 10.1 Representations and Warranties of the Parties. Solta and Parent hereby represent and warrant to each other as
follows: 
 (a) The execution, delivery and performance by such party of this Agreement and the consummation by such party of the
transactions contemplated by this Agreement are within its corporate powers and have been duly authorized by all necessary corporate (or similar) action on its part. This Agreement constitutes a legal, valid and binding agreement of such party
enforceable against it in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditor’s rights and
to general equity principles (it being understood that such exception shall not in itself be construed to mean that this Agreement is not enforceable in accordance with its terms). 

(b) The execution, delivery or performance of this Agreement by such party and the consummation by it of the transactions contemplated hereby
do not and will not contravene or conflict with such party’s certificate of incorporation, bylaws or similar governing documents, or conflict with, result in a breach or constitute a default under any statute, loan agreement, mortgage,
indenture, deed or other agreement to which it is a party or to which any of its properties is subject, except in each case as would not reasonably be expected to have a material adverse effect on such party. 

Article XI 

Effectiveness and Termination 

Section 11.1 Effectiveness. This Agreement shall take effect on the date of the closing of the IPO and shall remain in effect
until it is terminated pursuant to Section 11.2. 
 Section 11.2 Termination. Other than the termination
provisions applicable to particular Sections of this Agreement that are specifically provided elsewhere in this Agreement, this Agreement shall terminate upon the earliest to occur of: (a) June 30, 2022, only if the closing of the IPO
shall not have occurred on or prior to such date, (b) the mutual written agreement of each of the parties hereto to terminate this Agreement and (c) the date on which no Registrable Securities shall remain outstanding. 

Article XII 

Miscellaneous 

Section 12.1 Interpretation. In this Agreement, (a) words in the singular shall be deemed to include the plural and vice
versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated, be
construed to refer to this Agreement as a whole (including all of the schedules, exhibits and appendices hereto and thereto) and not to any particular provision of this Agreement; (c) Article, Section, schedule, exhibit and appendix references
are to the Articles, Sections, schedules, exhibits and appendices to this Agreement unless otherwise specified; (d) unless otherwise stated, all references to any agreement (including this Agreement) shall be deemed to include the exhibits,
schedules and annexes 

  
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(including all schedules, exhibits and appendixes) to such agreement; (e) the word “including” and words of similar import when used in this Agreement shall mean “including,
without limitation,” unless otherwise specified; (f) the word “or” need not be exclusive; (g) unless otherwise specified in a particular case, the word “days” refers to calendar days; (h) references herein to
this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented thereafter, unless otherwise
specified; (i) unless expressly stated to the contrary in this Agreement, all references to “the date hereof,” “the date of this Agreement,” “hereby” and “hereupon” and words of similar import shall all
be references to [•], 2021; and (j) the word “extent” and the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such word or phrase shall not merely mean “if”. 

Section 12.2 Amendments and Waivers. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by
a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment, supplement or modification. 

Section 12.3 Assignability. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective
successors and permitted assigns; provided, however, that neither Party may assign its rights or delegate its obligations under this Agreement without the express prior written consent of the other Party hereto or other parties
thereto, as applicable. Notwithstanding the foregoing, no such consent shall be required for the assignment of a Party’s rights and obligations under the Separation Agreement, this Agreement and the other Ancillary Agreements (except as may be
otherwise provided in any such other Ancillary Agreement) in whole (i.e., the assignment of a Party’s rights and obligations under the Separation Agreement, this Agreement and all other Ancillary Agreements all at the same time) in
connection with a change of control of a Party so long as the resulting, surviving or transferee Person assumes all the obligations of the relevant Party thereto by operation of Law or pursuant to an agreement in form and substance reasonably
satisfactory to the other Party. 
 Section 12.4 Third-Party Beneficiaries. Except for the indemnification rights under this
Agreement of any Holder Covered Person or Solta Covered Person in their respective capacities as such, (a) the provisions of this Agreement are solely for the benefit of the Parties and are not intended to confer upon any Person, except the
Parties any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement, claim of action or other right in
excess of those existing without reference to this Agreement. 
 Section 12.5 Entire Agreement. The Separation Agreement, this
Agreement, the other Ancillary Agreements and the exhibits, schedules and appendices hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations,
discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings between the Parties other than those set forth or referred to herein or therein. The Separation
Agreement, this Agreement and the other Ancillary Agreements together govern the arrangements in connection with the Transactions and would not have been entered independently. 

  
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 Section 12.6 Notices. All notices, requests, claims, demands or other
communications under this Agreement shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, or by facsimile or electronic transmission
with receipt confirmed, to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 12.6). 

If to Parent: 
 Bausch Health
Companies Inc. 
 2150 St. Elzéar Blvd. West 

Laval, Québec, Canada H7L 4A8 

Attention: General Counsel 
 E-mail: [•] 
 If to Solta: 

Solta Medical Corporation 
 520
Applewood Crescent 
 Vaughan, Ontario, Canada 

L4K 5X3 
 Attention: General
Counsel 
 E-mail: [•] 

A Party may, by notice to the other Party, change the address to which such notices are to be given. 

Section 12.7 Survival. The representations and warranties made herein shall survive through the term of this Agreement. 

Section 12.8 Severability. If any provision of this Agreement or the application thereof to any Person or circumstance is
determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it has been held
invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a suitable and
equitable provision to effect the original intent of the Parties. 
 Section 12.9 Governing Law. This Agreement (and any claims
or disputes arising out of or related hereto or to the transactions contemplated hereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or
otherwise) shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware irrespective of the choice of laws principles of the State of Delaware, including all matters of validity, construction, effect,
enforceability, performance and remedies. Each Party agrees that all actions or proceedings arising out of or in connection with this Agreement, or for recognition and enforcement of any 

  
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judgment arising out of or in connection with this Agreement, shall be determined exclusively in the state or federal courts in the State of Delaware and each Party hereby irrevocably submits
with regard to any such action or proceeding for itself and with respect to its property, generally and unconditionally, to the exclusive jurisdiction of the aforesaid courts. Each Party hereby expressly waives any right it may have to assert, and
agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any such action or proceeding: (a) any claim that it is not subject to personal jurisdiction in the aforesaid courts for any reason; (b) that it or its
property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts; and (c) that (i) any of the aforesaid courts is an inconvenient or inappropriate forum for such action or proceeding,
(ii) venue is not proper in any of the aforesaid court, and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by any of the aforesaid courts. 

Section 12.10 Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and
the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party. Each Party acknowledges that it and each other Party may execute this Agreement by facsimile,
stamp or mechanical signature, and that delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by e-mail in
portable document format (PDF) shall be effective as delivery of such executed counterpart of this Agreement. Each Party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by
mail, by courier, by facsimile or by e-mail in portable document format (PDF)) made in its respective name as if it were a manual signature delivered in person, agrees that it will not assert that any such
signature or delivery is not adequate to bind such Party to the same extent as if it were signed manually and delivered in person and agrees that, at the reasonable request of the other Party at any time, it will as promptly as reasonably
practicable cause this Agreement to be manually executed (any such execution to be as of the date of the initial date thereof) and delivered in person, by mail or by courier. 

Section 12.11 Specific Performance. In the event of any actual or threatened default in, or breach of, any of the terms,
conditions and provisions of this Agreement, the Party or Parties who are, or are to be, thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief in respect of its or their rights under this Agreement,
in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the remedies at law for any breach or threatened breach, including monetary damages, are
inadequate compensation for any loss and that any defense in any Action for specific performance that a remedy at law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived by each of the
Parties. 
 Section 12.12 Waivers of Default. Waiver by a Party of any default by the other Party of any provision of this
Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege under this Agreement
shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. 

  
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 Section 12.13 Headings. The article, section and paragraph headings contained in
this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

Section 12.14 Mutual Drafting. This Agreement shall be deemed to be the joint work product of the Parties and any rule of
construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

Section 12.16 Ancillary Agreements. In the event of any conflict or inconsistency between the terms of this Agreement and the
terms of the Separation Agreement, the terms of this Agreement shall control with respect to the subject matter addressed by this Agreement to the extent of such conflict or inconsistency. In the event of any conflict or inconsistency between the
terms of this Agreement or the Separation Agreement or any other Specified Ancillary Agreement, on the one hand, and any Transfer Document, on the other hand, including with respect to the allocation of Assets and Liabilities as among the Parties or
the members of their respective Groups, this Agreement, the Separation Agreement or such Specified Ancillary Agreement shall control. 

[Remainder of page left intentionally blank] 

  
 -20- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date set forth above. 
  

			
	BAUSCH HEALTH COMPANIES INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	SOLTA MEDICAL CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Registration Rights Agreement]

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