Document:

EX-10.1

 Exhibit 10.1 
  

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of this 18th day of May, 2015 by and among
Endo International plc, a public limited company incorporated under the laws of Ireland (“Parent”), and certain persons listed on Schedule A hereto (such persons, in their capacity as holders of Registrable Securities (as
defined below), the “Holders” and each a “Holder”). 
 RECITALS 

WHEREAS, simultaneously with the execution and delivery of this Agreement, Parent, Endo Health Solutions Inc., a Delaware corporation,
Endo Limited, a private limited company incorporated under the laws of Ireland, Banyuls Limited, a private limited company incorporated under the laws of Ireland, Hawk Acquisition ULC, a Bermudian unlimited liability company, Par Pharmaceutical
Holdings, Inc., a Delaware corporation (the “Company”) and Shareholder Representative Services LLC, a Colorado limited liability company, have entered into that certain Agreement and Plan of Merger, dated as of May 18, 2015 (as
the same may be amended or supplemented from time to time, the “Merger Agreement”), pursuant to which Parent is acquiring, directly and indirectly, 100% of the outstanding shares of the Company. Capitalized terms used but not
defined herein have the meanings attributed thereto in the Merger Agreement. 
 WHEREAS, as more fully described in the Merger
Agreement, at the Effective Time, each outstanding share of Company Stock and each RSU and Option is being converted into the right to receive cash and ordinary shares, par value $0.0001 per share, of Parent (the “Shares”), on the
terms and conditions set forth in the Merger Agreement. 
 WHEREAS, Parent desires to enter into this Agreement with the Holders in
order to grant the Holders the registration rights described herein. 
 NOW, THEREFORE, in consideration of the premises and the
mutual promises and covenants contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1.  g   Definitions. As used in this Agreement, the
following terms shall have the following meanings: 
 “Block Trade” shall mean an offering and/or sale of Registrable
Securities by one or more of the Holders not involving substantial marketing efforts by the Company prior to pricing, including but not limited to (i) block trades and (ii) ordinary brokerage transactions effected on any national
securities exchange on which the subject shares of the Registrable Securities may be listed at the time of sale, in each case which may or may not be on an underwritten basis (whether firm commitment or otherwise). 

“Board” shall mean the Board of Directors of Parent, or a duly authorized committee thereof. 

 “Demand Registration” shall have the meaning set forth in Section 2(b).

 “Demand Registration Statement” shall have the meaning set forth in Section 2(c) herein. 

“Demand Take-Down” shall have the meaning set forth in Section 2(b). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended (or any corresponding provision of succeeding law)
and the rules and regulations thereunder. 
 “Management Holders” shall mean all Holders other than the TPG Shareholders
and their Permitted Transferees (as defined in the Shareholders Agreement). 
 “Piggyback Registration” shall have the
meaning set forth in Section 3(a) herein. 
 “Piggyback Registration Statement” shall have the meaning set forth in
Section 3(a) herein. 
 “Registrable Securities” shall mean the Shares acquired by the Holders pursuant to the Merger
Agreement, including any Shares acquired as a result of any reclassification, recapitalization, stock split or combination, exchange or readjustment of such Shares, or any stock dividend or stock distribution in respect of such Shares, in each case
whether now owned or hereinafter acquired; provided, however, such Registrable Securities shall cease to be Registrable Securities when (i) a registration statement with respect to the sale of such Shares shall have become
effective under the Securities Act and such Shares shall have been disposed of in accordance with such registration statement; (ii) such Shares shall have been sold in accordance with Rule 144 (or any successor provision) under the Securities
Act; or (iii) such Shares have ceased to be outstanding. 
 “Registration Expenses” shall mean all expenses incurred
in effecting any registration pursuant to this Agreement (including a Demand Registration Statement and a Piggyback Registration Statement), including registration, qualification, listing and filing fees (including, without limitation, all SEC and
FINRA filing fees), printing expenses, transfer agents and registrar’s fees and expenses, fees and disbursements of counsel for Parent and all accountants and other persons retained by Parent, any reasonable fees and disbursements of
underwriters customarily paid by issuers or sellers of securities (which shall not include fees and disbursements of counsel for the underwriters), all fees and expenses of any special experts or other persons retained by Parent in connection with
any registration, all expenses related to the “road-show” for any underwritten offering, including all travel, meals and lodging, and blue sky (and other securities laws) fees and expenses associated with any registration statement, as
well as all internal fees and expenses of Parent. “Registration Expenses” shall not include any transfer taxes applicable to the sale, transfer, issuance or allotment of Registrable Securities or transfer taxes arising from the conversion
of certificated shares to book entry form. In addition, Parent shall pay or reimburse the Holders for the reasonable fees and expenses of one law firm chosen by Holders of a majority of the Registrable Securities included in any registration
statement as their counsel. Nothing in this definition shall impact any agreement on expenses between Parent and any underwriter. 

  
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 “Securities Act” shall mean the Securities Act of 1933, as amended (or any
corresponding provision of succeeding law), and the rules and regulations thereunder. 
 “Selling Expenses” shall mean all
underwriting discounts, selling commissions, stock transfer taxes applicable to the sale, transfer, issuance or allotment of Registrable Securities, and other selling expenses associated with effecting any sales of Registrable Securities under any
registration statement which are not included as Registration Expenses. 
 “Shareholders Agreement” shall mean that certain
Shareholders Agreement, dated the date hereof, entered into by Parent and certain recipients of Shares pursuant to the Merger Agreement. 

“Shelf Registration” shall have the meaning set forth in Section 2(a). 

“Shelf Registration Statement” shall have the meaning set forth in Section 2(a). 

“TPG Shareholders” shall mean TPG Sky L.P., TPG Sky Co-Invest L.P. and TPG Biotechnology Partners IV L.P., considered
together. 
 Section 2.  g  Demand Registration Rights. 

(a) Shelf Registration Statement. Solely to the extent that a shelf registration statement covering the Registrable Securities is not
then effective, upon the three month anniversary of the Closing Date, Parent shall file with the SEC a shelf registration statement pursuant to Rule 415 under the Securities Act (a “Shelf Registration Statement”) relating to the
offer and sale of Registrable Securities by any Holders thereof from time to time in accordance with the methods of distribution elected by such Holders, and Parent shall use its reasonable best efforts to cause such Shelf Registration Statement to
promptly become effective under the Securities Act. Any such registration pursuant to the Shelf Registration Statement shall hereinafter be referred to as a “Shelf Registration.” For the avoidance of doubt, a Shelf Registration
shall also be deemed to be a Demand Registration (as defined below). 
 (b) Right to Request Registration or Take-Down. At any time
after the three month period following the Closing Date, one or more Holder(s) may, by written notice to Parent, request (i) at any time that a shelf registration statement (including the Shelf Registration Statement) covering the Registrable
Securities is effective, an offering of all or part of the Registrable Securities covered by that shelf registration statement (a “Demand Take-Down”); and (ii) solely to the extent a shelf registration statement covering the
Registrable Securities is not then effective, a registration statement (which may be in the form of a shelf registration statement) filed by Parent under the Securities Act to permit the sale of all or part of the Registrable Securities (a
“Demand Registration”); provided that the aggregate value of the shares of Registrable Securities covered by each such Demand Take-Down or Demand Registration is not less than one hundred million dollars ($100,000,000). If
the Holder(s) so elect, by written notice to Parent, Parent will use its reasonable best efforts to cause the Demand Registration or Demand Take-Down, as the case may be, to be in the form of a registered underwritten offering, which may include (at
the option of the requesting Holders) but is not limited to a Block Trade. 

  
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 (c) Demand Registration Statement or Demand Take-Down. Parent shall use its reasonable
best efforts to file, as soon as reasonably practicable, after Parent’s receipt of any request for a Demand Registration or Demand Take-Down, either (i) if Parent has no effective shelf registration statement on file with the SEC at the
time of a request for a Demand Registration or Demand Take-Down, a shelf registration statement on Form S-3 or, if Form S-3 is not available for use by Parent, such other form under the Securities Act then available to Parent, registering for resale
such number of shares of Registrable Securities as the Holder(s) have requested to be included in the Demand Registration or Demand Take-Down and have such registration statement declared effective under the Securities Act as soon as reasonably
practicable after receiving a request for a Demand Registration or Demand Take-Down, or (ii) if a Parent shelf registration statement covering Registrable Securities is effective at the time of a request for a Demand Registration or Demand
Take-Down, a prospectus supplement covering such number of shares of Registrable Securities as requested by the Holder(s) to be included in the Demand Registration or Demand Take-Down; provided, in the case of clause (ii), that Parent has
previously filed and there remains effective a shelf registration statement on Form S-3 or any successor form thereto then available to Parent that permits the Demand Registration or Demand Take-Down without the filing of a new registration
statement. Such registration statement referred to in clauses (i) and (ii) above (including a prospectus, amendments and supplements to such registration statement or prospectus, including pre- and post-effective amendments, all exhibits
thereto and all material incorporated by reference or deemed to be incorporated by reference, if any, in such registration statement) is hereinafter referred to as a “Demand Registration Statement.” Parent shall give written notice
to each Holder that did not initiate the Demand Registration at least three days prior to the initial filing of a Demand Registration Statement (or two days prior to the commencement of an underwritten offering if such Demand Registration is a
Demand Take-Down) and, subject to Section 2(e), shall include in such Demand Registration Statement or Demand Take-Down all Registrable Securities for which Parent has received a written request from Holders within two days following delivery
of the notice from Parent (or one day if such Demand Registration is a Demand Take-Down). Notwithstanding the foregoing, if any TPG Shareholder wishes to engage in a Block Trade off of a shelf registration statement (either through filing an
automatic shelf registration statement or through a take-down from an already existing shelf registration statement), then such TPG Shareholder only needs to notify the Company of the Block Trade no later than seven days prior to the day such
offering is to commence and neither the Company nor such TPG Shareholder shall have any obligation to notify, or allow the participation of, such other Holders in such Block Trade. The Company shall use its reasonable best efforts (including
cooperating with the participating Holders with respect to the provision of necessary information) to facilitate such shelf offering (which may close as early as three Business Days after the date it commences), provided that the Holder
requesting such Block Trade shall use commercially reasonable efforts to work with the Company and the underwriters prior to making such request in order to facilitate preparation of the registration statement, prospectus and other offering
documentation related to the Block Trade. For the avoidance of doubt, the Management Holders shall not be entitled to receive notice of, or to elect to participate in, a Block Trade or any shelf registration statement or prospectus to be used in
connection therewith. 
 (d) Number of Demand Registrations or Demand Take-Downs. The TPG Shareholders shall be entitled to request a
maximum of four Demand Registrations and Demand Take-Downs combined (and no more than three Demand Registrations and Demand Take-

  
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Downs in any 12 month period) in which the aggregate value of the shares of Registrable Securities covered by each such Demand Registration or Demand Take-Down is not less than one hundred
million dollars ($100,000,000). For the avoidance of doubt, each Block Trade requested by a TPG Shareholder shall be deemed a Demand Registration or Demand Take-Down for purposes of Parent’s obligation to effect no more than four Demand
Registrations and Demand Take-Downs combined. Parent shall not be obligated to take any action to effect any Demand Take-Down, Demand Registration or Block Trade if a Demand Registration (other than the initial Shelf Registration) was declared
effective or a Piggyback Registration or Demand Take-Down or Block Trade was consummated within the preceding one hundred and twenty (120) days (unless otherwise consented to by Parent). A registration shall not count as a Demand Registration
or Demand Take-Down (A) until (1) the related Demand Registration Statement has been declared effective by the SEC in the case of Section 2(b)(i) above and, if an immediate takedown under a shelf registration statement is contemplated
thereunder, the prospectus supplement for such offering has been filed, or (2) the filing of the prospectus supplement contemplated in the case of Section 2(b)(ii) above, and (B) unless the Demand Registration Statement remains
effective for the periods set forth in Section 2(g) herein. 
 (e) Selection of Underwriters. The Holder(s) will have the right
to select the managing underwriter and managers to administer an offering pursuant to a Demand Registration Statement or a Demand Take-Down, subject to the prior approval of Parent, which approval shall not be unreasonably withheld, conditioned or
delayed. The Holder(s) may not participate in an offering hereunder unless such Holder(s) (a) agree to sell such Registrable Securities on the basis provided in any underwriting agreement with the underwriters and (b) complete and execute
all questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up agreements and other documents reasonably required under the terms of such underwriting arrangements customary for selling stockholders to enter into in secondary
underwritten public offerings, provided that any underwriting agreement shall (i) contain such representations and warranties by, and the other agreements on the part of, Parent to and for the benefit of Holders as are customarily made by
issuers to selling stockholders in secondary underwritten public offerings and (ii) provide that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also shall be conditions precedent
to the obligations of such Holders (except, for the avoidance of doubt, Holders are not entitled to receive opinions of counsel or comfort letters to be delivered to underwriters pursuant to such conditions precedent). 

(f) Priority of Securities Offered Pursuant to Demand Registrations and Take-Downs. Parent and other holders of Shares shall have the
right to participate in and include any Shares in a Demand Registration or Demand Take-Down, subject to the priority provisions set forth in this Section 2(e). If the managing underwriter of a Demand Registration or Demand Take-Down shall
advise Parent that in its reasonable opinion the number of Shares requested to be included in such Demand Registration or Demand Take-Down exceeds the number that can be sold in such offering without having an adverse effect on such offering,
including the price at which such Shares can be sold, then Parent shall include in such Demand Registration or Demand Take-Down the maximum number of Shares that such underwriter or agent, as applicable, advises can be so sold without having such
adverse effect, allocated (i) first, to Registrable Securities requested by the Holder(s) to be included in such Demand Registration or Demand Take-Down (including all Holders that initiated the Demand Registration or Demand Take-Down and any
other Holder that requests to be included in such Demand Registration or 

  
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Demand Take-Down) allocated among such requesting Holder(s) on a pro rata basis or in such other manner as they may agree, provided that the TPG Shareholders may freely re-allocate any
number of Registrable Securities held by them (or any of their Affiliates) which may be included in such Demand Registration to any of their Affiliates for purposes of determining the pro rata allocation of the securities to be included in such
Demand Registration, and (ii) second, among all Shares requested to be included in such Demand Registration or Demand Take-Down by any other persons (including securities to be sold for the account of Parent) allocated among such persons on a
pro rata basis or in such manner as they may agree. 
 (g) Restrictions on Demand Registrations and Demand Take-Downs. Parent may
postpone the filing or the effectiveness of a Shelf Registration Statement, a Demand Registration Statement or commencement of a Demand Take-Down if, based on the good faith judgment of Parent’s Board of Directors, such postponement is
necessary in order to avoid premature disclosure of material non-public information that the Board of Directors, after consultation with outside counsel to Parent, has in good faith determined would (i) be required to be made in any
Registration Statement or report filed with the SEC by Parent so that such Registration Statement or report would not be materially misleading or contain a material omission or misstatement if such information is not included, (ii) such
disclosure would not be required to be made at such time but for the filing of such Registration Statement; and (iii) the Issuer has a bona fide business purpose for not disclosing publicly; provided, however, that the Holder(s)
requesting such Demand Registration Statement or Demand Take-Down shall be entitled, at any time after receiving notice of such postponement and before such Demand Registration Statement becomes effective or before such Demand Take-Down is
commenced, to withdraw such request and, if such request is withdrawn, such Demand Registration or Demand Take-Down shall not count as the permitted Demand Registration or Demand Take-Down. Parent shall provide prompt written notice to such
Holder(s) of (x) any postponement of the filing or effectiveness of a Shelf Registration Statement or a Demand Registration Statement or commencement of a Demand Take-Down pursuant to this Section 2(g), (y) Parent’s decision to
file or seek effectiveness of such Shelf Registration Statement or Demand Registration Statement or commence such Demand Take-Down following such postponement and (z) the effectiveness of such Shelf Registration Statement or Demand Registration
Statement or commencement of such Demand Take-Down. Notwithstanding the provisions of this Section 2(g), Parent may not postpone the filing or effectiveness of a Shelf Registration Statement or Demand Registration Statements and the
commencement of Demand Take-Downs for a total of more than 120 days (or 45 days during the three month period beginning on the three month anniversary of the Closing Date) after the date on which the Board of Directors makes the determination that
such matter should not be disclosed or for more than 150 days during any 12-month period. 
 (h) Effective Period of Demand
Registrations. After any Demand Registration Statement filed pursuant to this Agreement has become effective or a prospectus supplement contemplated in the case of Section 2(b)(ii) hereof has been filed, Parent shall use its reasonable best
efforts to keep such Demand Registration Statement continuously effective until all of the Registrable Securities covered by such Demand Registration Statement have been sold pursuant to such Demand Registration Statement in accordance with the plan
of distribution set forth therein or are no longer outstanding. 

  
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 (i) Resale Rights. In the event that any TPG Shareholder reasonably requests to
participate in a registration pursuant to this Section 2 in connection with a distribution of Registrable Securities to its partners or members, to the extent permitted by the Shareholders Agreement, such registration shall provide for resale
by such partners or members, if requested by such TPG Shareholder; notwithstanding the foregoing, Parent shall have no obligation to maintain the effectiveness of such registration after the 30-day period following such distribution. 

Section 3.  g  Piggyback Registration Rights. 

(a) Right to Piggyback. At any time after the three month period following the Closing Date, whenever Parent proposes to publicly sell
in an underwritten offering or register for sale any of its Shares, in either case pursuant to (i) a registration statement under the Securities Act (other than a registration statement on Form S-8 or Form S-4 or a universal shelf registration
statement on Form S-3 if such registration statement is not being filed in connection with an underwritten offering, or, in each case, pursuant to any similar successor forms thereto), or (ii) a prospectus supplement covering its Shares;
provided, in the case of clause (ii), that Parent has previously filed and there remains effective a shelf registration statement on Form S-3 or any successor form thereto then available to Parent that permits the registered underwritten offering
without the filing of a new registration statement (such registration statement referred to in clause (i) and (ii) above, including a prospectus, amendments and supplements to such registration statement or prospectus, including pre- and
post-effective amendments, all exhibits thereto and all material incorporated by reference or deemed to be incorporated by reference, if any, in such registration statement, being hereinafter referred to as a “Piggyback Registration
Statement”), whether for its own account or for the account of one or more securityholders of Parent (a “Piggyback Registration”), Parent shall give written notice to each Holder as soon as reasonably practicable but in no
event less than three business days prior to the initial filing of such Piggyback Registration Statement (or two days prior to the date of the commencement of any such offering if such Piggyback Registration is conducted as an underwritten offering)
of its intention to effect such sale or registration and, subject to Sections 3(b) and 3(c) hereof, shall include in such Piggyback Registration Statement all Registrable Securities with respect to which Parent has received a written request from
Holders; provided that Parent shall have no obligation to notify, or allow the participation of, any Holder in any such Piggyback Registration conducted in connection with or in contemplation of, or to provide all or any portion of the funds or
credit support to consummate, the acquisition by Parent of property (whether through the direct purchase of assets or the purchase of capital stock of, or merger or consolidation with, any person owning such assets). A Holder’s right to
participate in any Piggyback Registration pursuant to an underwritten offering shall be conditioned on the Holder entering into an underwriting agreement in customary form and acting in accordance with the terms and conditions thereof, provided that
any underwriting agreement shall (i) contain such representations and warranties by, and the other agreements on the part of, Parent to and for the benefit of Holders as are customarily made by issuers to selling stockholders in secondary
underwritten public offerings and (ii) provide that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also shall be conditions precedent to the obligations of such Holders (except,
for the avoidance of doubt, Holders are not entitled to receive opinions of counsel or comfort letters to be delivered to underwriters pursuant to such conditions precedent). Notwithstanding the foregoing, if any TPG Shareholder wishes to

  
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engage in a Block Trade off of a shelf registration statement pursuant to Section 2, no other Holder shall be entitled to receive notice of, or to elect to participate in, a Block Trade or
any shelf registration statement and prospectus to be used in connection with such Block Trade pursuant to this Section 3 or otherwise. 

(b) Priority of Securities Offered Pursuant to Primary/Secondary Piggyback Registrations. If a Piggyback Registration is initiated as
an underwritten primary registration on behalf of Parent, and the managing underwriter advises Parent that in its reasonable opinion the number of Shares requested to be included in such registration exceeds the number that can be sold in such
offering without having an adverse effect on such offering, including the price at which such Shares can be sold, then Parent shall include in such registration the maximum number of Shares that such underwriter advises can be so sold without having
such adverse effect, allocated (i) first, to the Shares Parent proposes to sell, and (ii) second, among Holders that request to be included in such Piggyback Registration and other security holders of Parent that request to be included in
such Piggyback Registration, pro rata among such holders on the basis of the percentage of the then outstanding Shares requested to be registered by them or on such basis as such holders may otherwise agree among themselves and Parent, provided that
the TPG Shareholders may freely re-allocate any number of Registrable Securities held by them (or any of their Affiliates) which may be included in such Piggyback Registration to any of their Affiliates for purposes of determining the pro rata
allocation of the securities to be included in such Piggyback Registration. 
 (c) Priority of Securities Offered Pursuant to Secondary
Piggyback Registrations. If a Piggyback Registration is initiated as a secondary underwritten registration on behalf of a holder of Parent’s securities other than a Holder, and the managing underwriter advises Parent that in its reasonable
opinion the number of securities requested to be included in such registration exceeds the number that can be sold in such offering without having an adverse effect on such offering, including the price at which such securities can be sold, then
Parent shall include in such registration the maximum number of shares that such underwriter advises can be so sold without having such adverse effect, allocated (i) first, to the securities requested to be included therein by the holder(s)
requesting such registration and the holder(s) whose registration rights were granted concurrently with the granting of registration rights to the holder(s) requesting such registration, and (ii) second, among Parent, the Holders that request
to be included in such Piggyback Registration and other security holders of Parent that request to be included in such Piggyback Registration, pro rata among such holders and Parent on the basis of the percentage of the then outstanding shares
requested to be registered by them or on such basis as such holders may otherwise agree among themselves and Parent, provided that the TPG Shareholders may freely re-allocate any number of Registrable Securities held by them (or any of their
Affiliates) which may be included in such Piggyback Registration to any of their Affiliates for purposes of determining the pro rata allocation of the securities to be included in such Piggyback Registration. 

  
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 Section
4.  g  Registration Procedures. 
 (a) In connection with the
filing of any registration statement pursuant to this Agreement (including any Demand Registration Statement or any Piggyback Registration Statement), Parent shall use its reasonable best efforts to, as promptly as reasonably practicable: 

(i) prepare and file with the SEC (no later than the three month anniversary of the Closing Date if a Shelf Registration
Statement is required or thirty (30) days after a request for a Demand Registration on Form S-3 or ninety (90) days after a request for a Demand Registration on Form S-1, subject to the restrictions set forth in Section 2(g)) the
requisite registration statement (including a prospectus therein and any supplement thereto and all exhibits and financial statements required by the SEC to be filed therewith) to effect such registration and use its reasonable best efforts to cause
such registration statement to become effective, and before filing such registration statement or any amendments or supplements thereto, provide to one representative on behalf of all Holders included in such registration statement (to be chosen by
Holders of a majority of Registrable Securities to be included in such registration statement) and any managing underwriter(s), copies of all such documents proposed to be filed or furnished, including documents incorporated by reference, and the
representative and the managing underwriter(s) shall have the opportunity to review and comment thereon, and Parent will make such changes and additions thereto as may reasonably be requested by the representative and the managing underwriter(s)
prior to such filing, unless Parent reasonably objects to such changes or additions, provided that such opportunity to review and comment shall not apply to any reports filed by Parent in the ordinary course of business pursuant to the
Exchange Act; 
 (ii) prepare and file with the SEC (and subject to the review and comment provisions set forth in paragraph
4(a)(i) above) such pre- and post-effective amendments and supplements to such registration statement and the prospectus used in connection therewith or any Free Writing Prospectus as may be required by applicable securities laws or reasonably
requested by a Holder or any managing underwriter(s) to maintain the effectiveness of such registration and to comply with the provisions of applicable securities laws with respect to the disposition of all securities covered by such registration
statement during the period in which such registration statement is required to be kept effective; 
 (iii) furnish to each
Holder of the securities being registered and each managing underwriter without charge, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits other than
those which are being incorporated into such registration statement by reference and that are publicly available), such number of copies of the prospectus contained in such registration statement and any other prospectus filed under Rule 424 under
the Securities Act in conformity with the requirements of the Securities Act, and such other documents, as the Holders and any managing underwriter(s) may reasonably request; 

(iv) register or qualify all Registrable Securities under such other securities or “blue sky” laws of such
jurisdictions as the Holders and any managing underwriter(s) may reasonably request, except that Parent shall not for any such purpose be required to qualify generally to do business as a foreign company in any jurisdiction where it would not
otherwise be required to qualify but for this Section 4(a)(iv), or to consent to general service of process in any such jurisdiction, or to be subject to any material tax obligation in any such jurisdiction where it is not then so subject; 

  
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 (v) promptly notify the Holders and any managing underwriter(s) at any time when
Parent becomes aware that a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an
untrue statement of a material fact or omits 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, and, to promptly prepare and
furnish without charge to the Holders and any managing underwriter(s) a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such
prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were
made; 
 (vi) provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by
such registration statement not later than the effective date of such registration statement; 
 (vii) cooperate with the
Holders and any managing underwriter(s) to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, and enable certificates for such Registrable Securities to be issued for such number of shares
and registered in such names as the Holders and any managing underwriter(s) may reasonably request; 
 (viii) list all
Registrable Securities covered by such registration statement on any securities exchange on which any such class of securities is then listed and cause to be satisfied all requirements and conditions of such securities exchange to the listing of
such securities that are reasonably within the control of Parent; 
 (ix) notify each Holder and any managing underwriter(s),
promptly after it shall receive notice thereof, of the time when such registration statement, or any post-effective amendments to the registration statement, shall have become effective; 

(x) to make available to each Holder whose Registrable Securities are included in such registration statement and any managing
underwriter(s) as soon as reasonably practicable after the same is prepared and publicly distributed, filed with the SEC, or received by Parent, an executed copy of each letter written by or on behalf of Parent to the SEC or the staff of the SEC (or
other governmental agency or self-regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange), and any item of correspondence received from the SEC or the Staff of the SEC (or other governmental agency
or self –regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange), in each case relating to such registration statement. Parent will as soon as reasonably practicable notify the Holders and any
managing underwriter(s) of the effectiveness of such registration statement or any post-effective amendment or the filing of the prospectus supplement contemplated herein. Parent will as soon as reasonably practicable respond reasonably and
completely to any and all comments received from the SEC or the Staff of the SEC, 

  
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with a view towards causing such registration statement or any amendment thereto to be declared effective by the SEC as soon as reasonably practicable and shall file an acceleration request as
soon as reasonably practicable following the resolution or clearance of all SEC comments or, if applicable, following notification by the SEC that any such registration statement or any amendment thereto will not be subject to review; 

(xi) advise each Holder and any managing underwriter(s), promptly after it shall receive notice or obtain knowledge thereof, of
(A) the issuance of any stop order, injunction or other order or requirement by the SEC suspending the effectiveness of such registration statement or the initiation or threatening of any proceeding for such purpose and use its reasonable best
efforts to prevent the issuance of any stop order, injunction or other order or requirement or to obtain its withdrawal if such stop order, injunction or other order or requirement should be issued, (B) the suspension of the registration of the
subject shares of the Registrable Securities in any state jurisdiction and (C) the removal of any such stop order, injunction or other order or requirement or proceeding or the lifting of any such suspension; 

(xii) upon execution of confidentiality agreements in form and substance reasonably satisfactory to Parent, make available for
inspection by one representative on behalf of all Holders included in a registration statement whose Registrable Securities are included in such registration statement (to be chosen by Holders of a majority of Registrable Securities to be included
in such registration statement) and any managing underwriter(s), and any attorney, accountant or other agent retained by any such Holder or underwriters, at reasonable times and in a reasonable manner, all pertinent financial and other records and
corporate documents of Parent, and cause the Parent’s officers, directors and employees to supply all information reasonably requested by any such Holder, sales or placement agent, underwriter, attorney, accountant or agent to conduct a
reasonable investigation within the meaning of Section 11 of the Securities Act that is customary for a participant in a securities offering in connection with such registration statement; provided that the foregoing investigation and
information gathering shall be coordinated on behalf of such parties by one firm of counsel designated by and on behalf of such parties; 

(xiii) if requested by any Holder of Registrable Securities named in such registration statement or any managing
underwriter(s), promptly incorporate in a prospectus supplement or post-effective amendment such information as such Holder or managing underwriter(s) reasonably requests to be included therein, including, without limitation, with respect to the
Registrable Securities being sold by such Holder, the purchase price being paid therefor by any underwriters and with respect to any other terms of an underwritten offering of the Registrable Securities to be sold in such offering, and promptly make
all required filings of such prospectus supplement or post-effective amendment; 
 (xiv) cooperate with each Holder and any
managing underwriter(s) 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; 

  
 11 

 (xv) in the case of an underwritten offering, (i) enter into such customary
agreements (including an underwriting agreement in customary form), (ii) take all such other customary actions as the managing underwriter(s) reasonably request in order to expedite or facilitate the disposition of such Registrable Securities
(including, without limitation, causing senior management and other Parent personnel to reasonably cooperate with the Holder(s) whose Registrable Securities are included in a registration statement and the underwriter(s) in connection with
performing due diligence) and (iii) cause its counsel to issue opinions of counsel addressed and delivered to the underwriter(s) in form, substance and scope as are customary in underwritten offerings, subject to customary limitations,
assumptions and exclusions; 
 (xvi) in the case of an underwritten offering, use its reasonable best efforts to cause
members of senior management of Parent to be available to participate in, and to reasonably cooperate with the managing underwriter(s) in connection with customary marketing activities (including select conference calls, one-on-one meetings with
prospective purchasers and road shows); and 
 (xvii) if requested by the managing underwriter(s) of an underwritten
offering, use reasonable best efforts to cause to be delivered, upon the pricing of any underwritten offering, and at the time of closing of a sale of Registrable Securities pursuant thereto, “comfort” letters from Parent’s
independent registered public accountants addressed to the underwriter(s) stating that such accountants are independent public accountants within the meaning of the Securities Act and the applicable rules and regulations adopted by the SEC
thereunder, and otherwise in customary form and covering such financial and accounting matters as are customarily covered by “comfort” letters of the independent registered public accountants delivered in connection with primary
underwritten public offerings. 
 (b) As a condition precedent to the obligations of Parent to file any registration statement covering
Registrable Securities, each Holder shall furnish in writing to Parent such information regarding such Holder (and any of its Affiliates), the Registrable Securities to be sold, the intended method of distribution of such Registrable Securities and
such other information requested by Parent as is reasonably necessary or advisable for inclusion in the registration statement relating to such offering pursuant to the Securities Act. 

Each Holder agrees by acquisition of the Registrable Securities that (i) upon receipt of any notice from Parent of the happening of any
event of the kind described in Section 4(a)(v), such Holder shall forthwith discontinue its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such Holder’s receipt of
the copies of the supplemented or amended prospectus contemplated by Section 4(a)(v); (ii) upon receipt of any notice from Parent of the happening of any event of the kind described in clause (A) of Section 4(a)(xii), such Holder
shall discontinue its disposition of Registrable Securities pursuant to such registration statement until such Holder’s receipt of the notice described in clause (C) of Section 4(a)(xii); and (iii) upon receipt of any notice from
Parent of the happening of any event of the kind described in clause (B) of Section 4(a)(xii), such Holder shall discontinue its disposition of Registrable Securities pursuant to such registration statement in the applicable state
jurisdiction(s) until such Holder’s receipt of the notice described in clause (C) of 

  
 12 

 
Section 4(a)(xii). The length of time that any registration statement is required to remain effective shall be extended by any period of time that such registration statement is unavailable
for use pursuant to this paragraph, provided in no event shall any registration statement be required to remain effective after the date on which all Registrable Securities cease to be Registrable Securities. 

Section 5. 
 Indemnification. 

(a) Indemnification by Parent. Parent agrees to indemnify, hold harmless and reimburse, to the fullest extent permitted by law, each
Holder, its partners, officers, directors, employees, advisors, representatives and agents, and each Person, if any, who controls such Holder within the meaning of the Securities Act or the Exchange Act, against any and all losses, penalties,
liabilities, claims, damages and expenses, joint or several (including, without limitation, reasonable attorneys’ fees and any expenses and reasonable costs of investigation), as incurred, to which the Holders or any such indemnitees may become
subject under the Securities Act or otherwise, insofar as such losses, penalties, liabilities, claims, damages and expenses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of any material fact contained in the registration statement under which such Registrable Securities were registered and sold under the Securities Act, any preliminary prospectus, final prospectus, free writing
prospectus or summary prospectus contained therein, or any amendment or supplement thereto, or arising out of or based upon any 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 any violation of the Securities Act or state securities laws or rules thereunder by Parent relating to any action or inaction by Parent in connection
with such registration; provided, however, that Parent shall not be liable in any such case to the extent that any such loss, penalty, liability, claim, damage (or action or proceeding in respect thereof) or expense arises out of or is
based upon an untrue statement or alleged statement or omission or alleged omission made in such registration statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment or supplement in reliance upon and in
conformity with written information about a Holder which is furnished to Parent by such Holder specifically for use in such registration statement. This indemnity shall be in addition to any liability Parent may otherwise have. Such indemnity shall
remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any indemnified party and shall survive the transfer of such securities by such Holder. 

(b) Indemnification by the Holders. Each Holder agrees to indemnify and hold harmless (in the same manner and to the same extent as set
forth in Section 5(a)) Parent, each member of the Board, each officer, employee and agent of Parent and each other Person, if any, who controls any of the foregoing within the meaning of the Securities Act or the Exchange Act, with respect to
any untrue statement or alleged untrue statement of a material fact in or omission or alleged omission to state a material fact from such registration statement, any preliminary prospectus, final prospectus or summary prospectus contained therein,
or any amendment or supplement thereto, to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information about such
Holder furnished to Parent by such Holder specifically for inclusion in such registration statement, preliminary prospectus, final prospectus, summary 

  
 13 

 
prospectus, amendment or supplement and has not been corrected in a subsequent registration statement, any preliminary prospectus, final prospectus or summary prospectus contained therein, or any
amendment or supplement thereto prior to or concurrently with the sale of the Registrable Securities to the Person asserting the claim; provided, however, that Holder shall not be liable for any amounts in excess of the net proceeds
received by such Holder from sales of Registrable Securities pursuant to the registration statement to which the claims relate, and provided, further, that the obligations of the Holders shall be several and not joint and several. This
indemnity shall be in addition to any liability Holder may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of Parent or any indemnified party and shall survive the transfer of
such securities by Parent. 
 (c) Notices of Claims, etc. Promptly after receipt by an indemnified party of notice of the
commencement of any action or proceeding involving a claim referred to in the preceding paragraphs of this Section 5, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party, give written notice
to such indemnifying party 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 obligations under the
preceding paragraphs of this Section 5, except to the extent that the indemnifying party is materially prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in such indemnified
party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, such indemnified party shall permit such indemnifying party to assume the defense of such claim with
counsel reasonably satisfactory to the indemnified party; provided, however, that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the
fees and expenses of such counsel shall be at the expense of such person unless (A) the indemnifying party has agreed to pay such fees or expenses or (B) the indemnifying party shall have failed to assume the defense of such claim and
employ counsel reasonably satisfactory to such person within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification hereunder. If such defense is not assumed by the indemnifying party as permitted
hereunder, the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld, conditioned or delayed). If such defense is assumed by
the indemnifying party pursuant to the provisions hereof, such indemnifying party shall not settle or otherwise compromise the applicable claim unless (i) such settlement or compromise contains a full and unconditional release of the
indemnified party of all liability in respect to such claim or litigation or (ii) the indemnified party otherwise consents in writing. An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be
obligated to pay the fees and expenses of more than one counsel (plus local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party, a conflict of
interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim, in which event the indemnifying party shall be obligated to pay the reasonable fees and disbursements of such additional counsel
or counsels. 
 The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party and shall survive the transfer of securities. 

  
 14 

 (d) Contribution. If, for any reason, the foregoing indemnity is unavailable, or is
insufficient to hold harmless an indemnified party, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of the loss, claim, damage or expense in such proportion as is appropriate to reflect
the relative fault of the indemnifying party and the indemnified party, and the relative benefits received by the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. No indemnified party guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any indemnifying party who was not guilty of such fraudulent misrepresentation. In connection with any registration
statement filed with the SEC by Parent, the relative fault of the indemnifying party on the one hand and of the indemnified person on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, and by such party’s relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. Notwithstanding the provisions of this Section, no Holder shall be required to contribute an amount greater than the net proceeds received by such Holder from sales of Registrable
Securities pursuant to the registration statement to which the claims relate (after taking into account the amount of damages which such Holder has otherwise been required to pay by reason of any and all untrue or alleged untrue statements of
material fact or omissions or alleged omissions of material fact made in any registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto related to such sale of Registrable Securities). 

(e) No Exclusivity. The remedies provided for in this Section 5 are not exclusive and shall not limit any rights or remedies which
may be available to any indemnified party at law or in equity or pursuant to any other agreement. 
 Section 6.  g  Covenants Relating To Rule 144. Parent shall use its reasonable best efforts to file any reports required to be filed by it under the Securities Act and the Exchange Act and to take
such further action as any Holder may reasonably request, all to the extent required from time to time to enable Holders to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by
Rule 144 under the Securities Act, as such rule may be amended from time to time. Parent shall, in connection with any sale, transfer or other disposition by any Holder of any Shares pursuant to Rule 144 promulgated under the Securities Act,
promptly cause the timely preparation and delivery of certificates representing the Shares to be sold and the removal of any legend restricting transfers of the Shares, and enable certificates for such Shares to be issued (or, in the case of
book-entry shares, make or cause to be made appropriate notifications on the books of Parent’s transfer agent) for such number of shares and registered in such names as the Holders may reasonably request and to provide a customary opinion of
counsel required by Parent’s transfer agent. 
 Miscellaneous. 

(a) Other Registrations. Parent shall not enter into any agreement with respect to its Shares that adversely affects the priorities of
the Holders in the event of an underwriter cut-back as set forth in Section 2(e), 3(b) and 3(c) herein; provided however, that the grant of piggyback registration rights to other persons that would participate in a piggyback registration with
the same priority as the Holders shall be deemed to not adversely affect the priorities of the Holders in the event of an underwriter cut-back. 

  
 15 

 (b) Termination; Survival. The rights of each Holder under this Agreement shall terminate
upon the earlier of (i) the date on which the Holders collectively shall cease to hold Registrable Securities representing at least 2% of the Voting Securities (as defined in the Shareholders Agreement) outstanding at such time and
(ii) the date that all of the Registrable Securities held by such Holder cease to be Registrable Securities. Notwithstanding the foregoing, the obligations of the parties under Sections 4(a)(ix), 5, 6 and this Section 7 shall survive the
termination of this Agreement. 
 (c) Governing Law. This Agreement and any claim, controversy or dispute arising under or related to
this Agreement, whether in law or in equity, whether in contract or in tort, by statute or otherwise, shall be governed and construed in accordance with the Laws of the State of Delaware without giving effect to the principles of conflicts of law
thereof or of any other jurisdiction. 
 (d) Consent to Jurisdiction; Venue; Waiver of Jury Trial. IN ADDITION, EACH OF THE PARTIES
HERETO (A) CONSENTS TO SUBMIT ITSELF, AND HEREBY SUBMITS ITSELF, TO THE PERSONAL JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE AND ANY FEDERAL COURT LOCATED IN THE STATE OF DELAWARE, OR, IF NEITHER OF SUCH COURTS HAS SUBJECT
MATTER JURISDICTION, ANY STATE COURT OF THE STATE OF DELAWARE HAVING SUBJECT MATTER JURISDICTION, IN THE EVENT ANY CLAIM, CONTROVERSY OR DISPUTE (IN EACH CASE, WHETHER IN LAW OR IN EQUITY, WHETHER IN CONTRACT OR IN TORT, BY STATUTE OR OTHERWISE)
ARISES OUT OF, OR IS RELATED TO, THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, (B) AGREES THAT IT WILL NOT ATTEMPT TO DENY OR DEFEAT SUCH PERSONAL JURISDICTION BY MOTION OR OTHER REQUEST FOR LEAVE FROM ANY SUCH
COURT, AND AGREES NOT TO PLEAD OR CLAIM ANY OBJECTION TO THE LAYING OF VENUE IN ANY SUCH COURT OR THAT ANY JUDICIAL PROCEEDING IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM, (C) AGREES THAT IT WILL NOT BRING ANY ACTION (WHETHER IN
LAW OR IN EQUITY, WHETHER IN CONTRACT OR IN TORT, BY STATUTE OR OTHERWISE) RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT IN ANY COURT OTHER THAN THE COURT OF CHANCERY OF THE STATE OF DELAWARE AND ANY FEDERAL
COURT LOCATED IN THE STATE OF DELAWARE, OR, IF NEITHER OF SUCH COURTS HAS SUBJECT MATTER JURISDICTION, ANY STATE COURT OF THE STATE OF DELAWARE HAVING SUBJECT MATTER JURISDICTION, AND (D) CONSENTS TO SERVICE OF PROCESS BEING MADE THROUGH THE
NOTICE PROCEDURES SET FORTH IN SECTION 7(l). EACH OF THE PARTIES HERETO HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
 16 

 (e) Entire Agreement. This Agreement constitutes the entire agreement between the parties
with respect to the subject matter contained herein, and it supersedes all prior and contemporaneous agreements, representations and understandings of the parties, express or implied, oral or written; provided, however, that Parent shall not have
any obligation to facilitate the participation of any Holder in any registration, offering or sale that is not made in compliance with the Shareholders Agreement. 

(f) Amendments and Waivers. The provisions of this Agreement may be amended or waived at any time only by the written agreement of
Parent and the Holders of a majority of the Registrable Securities then outstanding. Any waiver, permit, consent or approval of any kind or character on the part of any such Holders of any provision or condition of this Agreement must be made in
writing and shall be effective only to the extent specifically set forth in writing. Any amendment or waiver affected in accordance with this paragraph shall be binding upon Parent and each Holder of Registrable Securities. Notwithstanding the
foregoing, no amendments may be made to this Agreement that adversely affect any Holder in a manner different than any other Holder without such Holder’s prior written consent. 

(g) Assignment. Except as set forth herein, the rights and obligations of a Holder under this Agreement shall not be assignable by such
Holder without prior, express written consent of Parent. Notwithstanding the foregoing, the rights and obligations of any Holder may be assigned to any transferee permitted to receive Shares pursuant to the Shareholders Agreement; provided,
however, that any such Shares transferred shall cease to be Registrable Securities if such transferee transfers such Shares pursuant to Rule 144 of the Securities Act without any volume or manner of sale restrictions thereunder. The rights
and obligations of the Parent under this Agreement shall not be assignable by Parent without the consent of Holders of a majority of Registrable Securities then outstanding. 

(h) Binding Effect. This Agreement shall be binding upon, and inure to the benefit of, the legal representatives, heirs, successors and
assigns of the respective parties. 
 (i) Expenses. All Registration Expenses incurred in connection with any registration statement
under this Agreement shall be borne by Parent. All Selling Expenses relating to securities registered on behalf of the Holders shall be borne by the Holders of the Registrable Securities included in such registration. The obligation of the Parent to
bear the expenses provided for in this paragraph shall apply irrespective of whether a registration statement becomes effective, is withdrawn or suspended, or converted to any other form of registration and irrespective of when any of the foregoing
shall occur. 
 (j) Counterparts. This Agreement may be executed in one or more counterparts (including by facsimile), 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 to this Agreement. Electronic or facsimile signatures shall be deemed to be original signatures. 

(k) Severability. The parties agree that if any part, term or provision of this Agreement shall be found invalid, illegal or
unenforceable in any respect by any court of law of competent jurisdiction, the remaining provisions shall be severable, valid and enforceable in 

  
 17 

 
accordance with their terms, and any such invalidity, illegality or unenforceability in any jurisdiction shall not invalidate or render illegal or unenforceable such provision in any other
jurisdiction. 
 (l) Notices. All notices and other communications hereunder shall be in writing and shall be deemed duly delivered
(i) four (4) Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid, (ii) one (1) Business Day after being sent for next Business Day delivery, fees prepaid, via a reputable
nationwide overnight courier service or (iii) on the date of confirmation of receipt (or, the first Business Day following such receipt if the date of such receipt is not a Business Day) of transmission by email, in each case to the intended
recipient as set forth below: 
 If to a Holder, to the address indicated for such Holder in Schedule A hereto with a copy (which
shall not constitute notice) to: 
  

									
			 Ropes & Gray LLP

Prudential Tower
 800 Boylston Street
				
			Attn:		William M. Shields				
					C. Michael Roh				
			E-mail:		 william.shields@ropesgray.com

michael.roh@ropesgray.com
				

									
	  

                If to Parent, as follows:

 
		
					 Endo International plc
 First
Floor, Minerva House
 Simmonscourt Road
 Ballsbridge

Dublin 4, Ireland
  

and
  

Endo Health Solutions Inc.
 1400 Atwater Drive

Malvern, Pennsylvania
 Attn: Matthew J. Maletta,

Executive Vice President, Chief Legal Officer
 E-mail:
maletta.matthew@endo.com
		

  
 18 

							
	             With a copy to (which shall not constitute notice)
to:
  

					 Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square
 New York, NY 10036-6522

					Attn:		 Eileen T. Nugent
 C. Michael
Chitwood

					E-mail:		 enugent@skadden.com

michael.chitwood@skadden.com

 Any party may, from time to time, by written notice to the other parties, designate a different address, which
shall be substituted for the one specified above for such party. 
 (m) Specific Performance. The parties agree that irreparable
damage may occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, the parties shall be entitled to seek an injunction or injunctions to
prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, in addition to any other remedy to which they are entitled at law or in equity. 

(n) No Waiver. No failure or delay by any party 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 law. 
 [Signatures Appear on the Following Page] 

  
 19 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date
first written above. 
  

			
	 PARENT:

	
	 ENDO INTERNATIONAL PLC

		
	 By:
		 /s/ Rajiv De Silva

	 Name:
		Rajiv De Silva
	 Title:
		President & Chief Executive Officer

 [Signature Page to Registration Rights Agreement] 

 
			
	 HOLDERS:

	
	TPG SKY L.P.
		
	By:		TPG Advisors VI, Inc., its general partner
		
	 By:
		 /s/ Ronald Cami

	Name:		Ronald Cami
	Title:		Vice President

  

			
	 TPG SKY CO-INVEST L.P.

		
	 By:
		TPG Advisors VI, Inc., its general partner
		
	 By:
		 /s/ Ronald Cami

	 Name:
		Ronald Cami
	 Title:
		Vice President

  

			
	 TPG BIOTECHNOLOGY PARTNERS IV L.P.

		
	 By:
		TPG Biotechnology GenPar IV, L.P., its general partner
		
	 By:
		TPG Biotech GenPar IV Advisors, LLC, its general partner
		
	 By:
		 /s/ Ronald Cami

	 Name:
		Ronald Cami
	 Title:
		Vice President

 [Signature Page to Registration Rights Agreement] 

 Schedule A 

The Holders 
  

							
	 Name of
 Holder
	  	 Number of

Shares of
Held1
	  	Address of Holder	  	Email Address of Holder
	TPG Sky L.P.	  	[—]	  	 c/o TPG Global, LLC
 301 Commerce Street, Suite
3300
 Fort Worth, Texas 76102
 Attention: General
Counsel
	  	rcami@tpg.com
				
	TPG Sky Co-Invest L.P.	  	[—]	  	 c/o TPG Global, LLC
 301 Commerce Street, Suite
3300
 Fort Worth, Texas 76102
 Attention: General
Counsel
	  	rcami@tpg.com
				
	TPG Biotechnology Partners IV L.P.	  	[—]	  	 c/o TPG Global, LLC
 301 Commerce Street, Suite
3300
 Fort Worth, Texas 76102
 Attention: General
Counsel
	  	rcami@tpg.com

  

	1	To be completed at Closing. 

  
 Sch. A-1EX-10.2

 Exhibit 10.2 
  

 
  

 
 SHAREHOLDERS AGREEMENT 

dated as of May 18, 2015 
 by
and among 
 ENDO INTERNATIONAL PLC, 

and 
 THE SHAREHOLDERS ON THE
SIGNATURE PAGES HERETO 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
	ARTICLE I	  
	
	DEFINITIONS	  
			
	Section 1.1	  	Definitions	  	 	1	  
	Section 1.2	  	Other Definitional Provisions	  	 	6	  
	
	ARTICLE II	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	Section 2.1	  	Representations and Warranties of Parent	  	 	7	  
	Section 2.2	  	Representations and Warranties of the Shareholders	  	 	8	  
	
	ARTICLE III	  
	
	STANDSTILL; VOTING	  
			
	Section 3.1	  	Standstill Restrictions	  	 	8	  
	Section 3.2	  	Attendance at Shareholder Meetings; Voting	  	 	11	  
	Section 3.3	  	Suspension Event	  	 	11	  
	
	ARTICLE IV	  
	
	TRANSFER RESTRICTIONS	  
			
	Section 4.1	  	Transfer Restrictions	  	 	11	  
	
	ARTICLE V	  
	
	MISCELLANEOUS	  
			
	Section 5.1	  	Termination	  	 	13	  
	Section 5.2	  	Expenses	  	 	13	  
	Section 5.3	  	Amendment	  	 	13	  
	Section 5.4	  	Entire Agreement	  	 	13	  
	Section 5.5	  	Headings	  	 	13	  
	Section 5.6	  	Notices	  	 	13	  
	Section 5.7	  	Waiver	  	 	14	  
	Section 5.8	  	Binding Effect; Assignment	  	 	14	  
	Section 5.9	  	No Third Party Beneficiary	  	 	15	  
	Section 5.10	  	Counterparts	  	 	15	  
	Section 5.11	  	Governing Law and Jurisdiction	  	 	15	  

							
	Section 5.12		Submission to Jurisdiction; Waiver of Jury Trial		 	15	  
	Section 5.13		Specific Performance		 	16	  
	Section 5.14		Severability		 	16	  
	Section 5.15		Effectiveness		 	16	  
	Section 5.16		Relationship of the Parties		 	16	  
	Section 5.17		Further Assurances		 	16	  
	Section 5.18		Rights and Obligations of Parties		 	16	  

 EXHIBITS 
  

			
	Exhibit A		Form of Joinder
	
	TRANSFER RESTRICTIONS
		
	Schedule 4.1(c)		Competitors

 SHAREHOLDERS AGREEMENT 

This SHAREHOLDERS AGREEMENT is dated as of May 18, 2015 (this “Agreement”), by and among Endo International plc, a
public limited company incorporated under the laws of Ireland (the “Parent”) and the shareholders of Parent set forth on the signature pages hereto (collectively, the “Shareholders”). 

R E C I T A L S: 

WHEREAS, simultaneous with the execution and delivery of this Agreement, Parent, Endo Limited, a private limited company incorporated under
the laws of Ireland, Endo Health Solutions Inc., a Delaware corporation, Banyuls Limited, a private limited company incorporated under the laws of Ireland, Hawk Acquisition ULC, a Bermudian unlimited liability company, Par Pharmaceutical Holdings,
Inc., a Delaware corporation (“Par”) and Shareholder Representative Services LLC, a Colorado limited liability company, are entering into that certain Agreement and Plan of Merger, dated as of May 18, 2015 (as the same may be
amended or supplemented from time to time, the “Merger Agreement”), pursuant to which Parent is acquiring, directly and indirectly, 100% of the outstanding shares of Par. Capitalized terms used but not defined herein have the
meanings attributed thereto in the Merger Agreement. 
 WHEREAS, pursuant to the Merger Agreement and immediately following the Closing, the
Shareholders, collectively, will Beneficially Own (as defined below) outstanding ordinary shares, nominal value $0.0001 per share, of Parent (“Ordinary Shares”); 

WHEREAS, Parent and the Shareholders desire to establish in this Agreement certain terms and conditions concerning the Subject Shares to be
owned by the Shareholders as and from the Closing and related provisions concerning the Shareholders’ relationship with and investment in Parent as and from the Closing; 

WHEREAS, this Agreement shall take effect at and as of the Closing; and 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the following terms shall have the meanings indicated below: 

“Activist Investor” means, as of any date, (a) any Person that has, directly or indirectly through its
publicly-disclosed Affiliates, whether individually or as a member of a publicly-disclosed Group, within the two-year period immediately preceding such date, and in each case with respect to Parent or any of its equity securities (i) publicly
made, engaged in or been a participant (as defined in Instruction 3 to Item 4 of Schedule 14A under the Exchange Act) 

 
in any “solicitation” of “proxies” within the meaning of Rule 14a-1 promulgated by the SEC under the Exchange Act (but without regard to the exclusion set forth in Rule
14a-1(l)(2)(iv) from the definition of “solicitation”) to vote (including by written consent) any equity or other voting securities of Parent, including in connection with a proposed Change of Control or other extraordinary or fundamental
transaction involving Parent, or a public proposal for the election or replacement of any directors of Parent, not approved by the board of directors of Parent, (ii) publicly called, or publicly sought to call, a meeting of shareholders of
Parent or publicly initiated any shareholder proposal for action by shareholders of Parent (including through action by written consent), in each case not approved by the board of directors of Parent, (iii) commenced a “tender offer”
(as such term is used in Regulation 14D under the Exchange Act) to acquire any equity or voting securities of Parent that was not approved (at the time of commencement) by the board of directors of Parent in a Schedule 14D-9 filed under Regulation
14D under the Exchange Act, (iv) otherwise publicly acted, alone or in concert with others, to seek to control or influence the board of directors or shareholders of Parent (provided that this clause (iv) is not intended to apply to the
activities of any member of the board of directors of Parent or such Subsidiary, with respect to Parent or such Subsidiary, taken in good faith solely in his or her capacity as a director of Parent or such Subsidiary) or (v) publicly disclosed
any intention, plan, arrangement or other Contract to do any of the foregoing or (b) any Person identified on the most-recently available “SharkWatch 50” list as of such date, or any publicly-disclosed Affiliate of such Person. 

“Affiliate” means, as to any Person, any Person which directly or indirectly controls, is controlled by, or is under common
control with such Person; provided, that each Shareholder shall be deemed not to be an Affiliate of Parent and vice versa; provided, however, that notwithstanding the foregoing, except to the extent acting at the direction of a
TPG Shareholder, each portfolio company or other third-party investments of any TPG Shareholders or any of its Affiliates and the limited partners of each investment fund Affiliated with TPG Global, LLC shall be deemed not to be Affiliates of any of
the TPG Shareholders. For purposes of this Agreement, “control” (including the correlative terms “controlled by” and “under common control with”) of a Person shall mean the power, direct or indirect,
to direct or cause the direction of the management and policies of such Person whether by ownership of securities, by contract or otherwise. 

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

“Beneficially Own” shall have the same meaning as set forth in Rule 13d-3 promulgated by the SEC under the Exchange Act,
except that a Person will also be deemed to beneficially own (i) all Voting Securities which such Person has or shares the right to acquire pursuant to the exercise of any rights in connection with any securities or any agreement, regardless of
when such rights may be exercised as of a given date of determination and regardless of whether such rights are conditional, (ii) all Voting Securities in which such Person has or shares any economic interest (without regard as to whether such
position is short or long), including pursuant to a cash settled call option or other derivative security, contract or instrument in any way related to the price of any Voting Securities and (iii) Voting Securities which such Person has or
shares the power, directly or indirectly, to vote or direct the vote. For the avoidance of doubt, all Voting Securities held directly by any Shareholder or any Permitted Transferee thereof will be deemed to be Beneficially Owned by such
Shareholder or such 

  
 2 

 
Permitted Transferee, as applicable, regardless of whether such Person has or shares (or is deemed to have or share) the power to vote or dispose of such Voting Securities. The terms
“Beneficial Owner” and “Beneficial Ownership” shall have a correlative meaning. 

“Board” shall mean, as of any date, the Board of Directors of Parent. 

“Business Day” means any day other than (a) a Saturday or Sunday or (b) a day on which banking institutions located
in New York, New York are permitted or required by Law or Order to remain closed. 
 “Change of Control” shall mean, with
respect to any specified Person, any of the following: (i) the sale, lease, transfer, conveyance or other disposition (including by way of liquidation or dissolution of such specified Person or one or more of its Subsidiaries), in a single
transaction or in a related series of transactions, of all or substantially all of the assets of such specified Person and its Subsidiaries, taken as a whole, to any other Person (or Group) which is not, immediately after giving effect thereto, a
Subsidiary of such specified Person or (ii) the consummation of any recapitalization, reclassification, consolidation, merger, share exchange or other business combination transaction immediately following which the Beneficial Owners of the
voting capital stock of such specified Person immediately prior to the consummation of such transaction do not Beneficially Own more than fifty percent (50%) of the combined voting power of the outstanding voting capital stock entitled to vote
generally in the election of directors (or Persons performing a similar function) of the entity resulting from such transaction (including an entity that, as a result of such transaction, owns such specified Person or all of substantially all of the
assets of such specified Person and its Subsidiaries, taken as a whole, either directly or indirectly through one or more Subsidiaries of such entity) in substantially the same proportion as their Beneficial Ownership of the voting capital stock of
such specified Person immediately prior to such transaction. 
 “Competitor” means any of the companies set forth on
Schedule 1.1, including any direct or indirect successors of such companies. 
 “Derivative Instrument” means any and all
derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the value of any securities (including Voting Securities) of Parent increases, including a long convertible security, a long call option and a short
put option position, in each case, regardless of whether (a) such derivative security conveys any voting rights in any security (including Voting Securities), (b) such derivative security is required to be, or is capable of being, settled
through delivery of any security (including Voting Securities) or (c) other transactions hedge the value of such derivative security. 

“Excess Amount” shall have the meaning set forth in Section 3.1(a)(i). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Governmental Entity” shall mean any court, arbitrational tribunal, administrative agency or commission or other governmental
or regulatory authority, agency or instrumentality whether foreign or domestic. 

  
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 “Group” shall mean two or more Persons acting together, pursuant to any
agreement, arrangement or understanding, for the purpose of acquiring, holding, voting or disposing of securities as contemplated by Rule 13d-5(b) of the Exchange Act. 

“Laws” shall mean all federal, state, local or foreign laws, statutes or ordinances, common laws, or any rule, regulation,
standard or Order of any Governmental Entity. 
 “Merger Agreement” shall have the meaning set forth in the Recitals. 

“Non-Private Equity Business” shall mean any business or investment of a Shareholder and its Affiliates distinct from the
private equity business of such Shareholder and its Affiliates; provided, that such business or investment shall not be deemed to be distinct from such private equity business if and at such time that (a) any confidential information
with respect to Parent or its Subsidiaries is made available to investment professionals of such Shareholder and its Affiliates who are not involved in the private equity business and who are involved in such other business or investment or
(b) such Shareholder or any of its Affiliates instructs any such business or investment to take any action that would violate any provision of this Agreement had such action been taken directly by such Shareholder. 

“Order” means any charge, temporary restraining order or other order, writ, injunction (whether preliminary, permanent or
otherwise), judgment, decree, ruling, determination, directive, award or settlement, whether civil, criminal or administrative, of any Governmental Entity. 

“Ordinary Shares” shall have the meaning set forth in the Recitals. 

“Organizational Documents” shall mean, with respect to any Person, such Person’s memorandum and articles of association,
articles or certificate of incorporation, formation or organization, by-laws, limited liability company agreement, partnership agreement or other similar constituent document or documents, each in its currently effective form as amended from time to
time. 
 “Other Shares” shall mean shares of any class of capital stock of Parent (other than the Ordinary Shares) that are
entitled to vote generally in the election of directors. 
 “Permitted Transferee” shall mean (i) any other
Shareholder or (ii) any of Affiliate of any Shareholder. 
 “Person” shall mean any individual, corporation, limited
liability company, partnership, association, trust or any other entity or organization, including any government or political subdivision or any agency or instrumentality thereof. 

“Registration Rights Agreement” shall mean the Registration Rights Agreement, dated as of the date hereof, between the
Shareholders and Parent. 
 “Representatives” shall mean, with respect to any party hereto, such party or any of its
Subsidiaries’ respective directors, officers, employees, investment bankers, financing sources, financial advisors, attorneys, accountants or other advisors, agents and/or representatives. 

  
 4 

 “SEC” shall mean the Securities and Exchange Commission. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Shareholders” shall have the meaning set forth in the Preamble and, in the event that the Subject Shares are Transferred to
one or more Permitted Transferees in accordance with Section 4.1(f), shall also mean such Permitted Transferee or Permitted Transferees. 

“Standstill Period” shall have the meaning set forth in Section 3.1(a). 

“Subject Shares” shall mean (i) all Voting Securities Beneficially Owned by any Shareholder on the Closing Date,
immediately after giving effect to the Closing and (ii) all Voting Securities issued to any Shareholder in respect of any such securities or into which any such securities shall be converted or exchanged in connection with stock splits, reverse
stock splits, stock dividends or distributions, Company exchange offers, combinations or any similar recapitalizations, reclassifications or capital reorganizations occurring after the date of this Agreement. For the avoidance of doubt, Subject
Shares shall include any of the foregoing Voting Securities specified in clause (i) or (ii) of the immediately preceding sentence that are Beneficially Owned by a Permitted Transferee following the Closing Date. 

“Subsidiary” shall mean, of a specified Person, any corporation, partnership, trust, limited liability company or other
non-corporate business enterprise in which such Person (or another Subsidiary of such Person) holds directly or indirectly stock or other ownership interests representing (a) at least 50% of the voting power of all outstanding stock or
ownership interests of such entity or has the power to elect or direct the election of at least 50% of the members of the governing body of such entity or (b) the right to receive at least 50% of the net assets of such entity available for
distribution to the holders of outstanding stock or ownership interests upon a liquidation or dissolution of such entity. 

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

“Transfer” shall mean any direct or indirect (a) sale, transfer, assignment, pledge, hypothecation, mortgage, license,
gift, creation of a security interest in or lien on, encumbrance or other disposition to any Person, including those by way of hedging or derivative transactions or (b) swap, hedge, short position, call or other arrangement that is designed to
or which could reasonably be expected to lead to or result in, directly or indirectly, a transfer of the economic consequence of ownership of the Subject Shares, whether settled by delivery of Ordinary Shares, cash or otherwise. The term
“Transferred” shall have a correlative meaning. 
 “TPG Shareholders” shall mean TPG Sky L.P., TPG Sky
Co-Invest L.P. and TPG Biotechnology Partners IV L.P., and, in the event that the Subject Shares are Transferred to one or more Permitted Transferees in accordance with Section 4.1(e), shall also mean such Permitted Transferee or Permitted
Transferees. 

  
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 “Voting Securities” shall mean the Ordinary Shares together with any Other
Shares. 
 Section 1.2 Other Definitional Provisions. Except as expressly set forth in this Agreement or unless the express
context otherwise requires: 
 (a) the words “hereof,” “herein,” and “hereunder” and words of similar import,
when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement; 
 (b) terms
defined in the singular shall have a comparable meaning when used in the plural, and vice versa; 
 (c) the terms “Dollars” and
“$” mean United States Dollars; 
 (d) references herein to a specific Section shall refer to Sections of this Agreement; 

(e) wherever the word “include,” “includes,” or “including” is used in this Agreement, it shall be deemed to be
followed by the words “without limitation” and such words shall not be construed to limit any general statement to the specific or similar items or matters immediately following such words; 

(f) references herein to any Person shall include such Person’s heirs, executors, personal representatives, administrators, successors
and assigns; provided, however, that nothing contained in this clause (f) is intended to authorize any assignment or transfer not otherwise permitted by this Agreement; 

(g) references herein to any contract or agreement (including this Agreement) mean such contract or agreement as amended, supplemented or
modified from time to time in accordance with the terms thereof; 
 (h) with respect to the determination of any period of time, the word
“from” means “from and including” and the words “to” and “until” each means “to but excluding”; 

(i) references herein to any Law means such Law as amended, modified, codified, reenacted, supplemented or superseded in whole or in part, and
in effect from time to time; 
 (j) references herein to any Law shall be deemed also to refer to all rules and regulations promulgated
thereunder; 
 (k) when calculating the number of days before which, within which or following which any act is to be done or any step is to
be taken pursuant to this Agreement, the initial reference date in calculating such number of days shall be excluded; provided, if the last day of the applicable number of days is not a Business Day, the specified period in question shall end
on the next succeeding Business Day; 

  
 6 

 (l) for purposes of any calculation hereunder, the number of Voting Securities then outstanding
shall be the number most recently identified by Parent as outstanding in any filing of Parent made with the SEC after the date of this Agreement under the Exchange Act or the Securities Act; and 

(m) Parent, on the one hand, and the Shareholders, on the other hand, have participated jointly in the negotiation and drafting of this
Agreement and, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by such parties and no presumption or burden of proof shall arise favoring or disfavoring any such party by
virtue of the purported authorship of any provision of this Agreement. 
 ARTICLE II 

REPRESENTATIONS AND WARRANTIES 

Section 2.1 Representations and Warranties of Parent. Parent represents and warrants to the Shareholders as of the date hereof
that: 
 (a) Parent is duly incorporated, validly existing and in good standing (or the equivalent thereof) under the Laws of its
jurisdiction of incorporation. 
 (b) Parent has all requisite corporate authority and power to execute, deliver and perform its obligations
under this Agreement. This Agreement and the performance by Parent of the obligations contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of Parent and no other corporate proceedings on the
part of Parent are necessary to authorize the execution and delivery of this Agreement or the performance of its obligations hereunder. This Agreement has been duly executed and delivered by Parent and, assuming that this Agreement constitutes
the legal, valid and binding obligation of the Shareholders, constitutes the legal, valid and binding obligation of Parent, enforceable against Parent in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer,
reorganization, examinership, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (regardless of whether enforcement is sought in a proceeding at law or in equity).

 (c) The execution and delivery of this Agreement by Parent and the performance by Parent of its obligations hereunder (i) do not
result in any violation of the Organizational Documents of Parent, and (ii) do not conflict with, or result in a breach of any of the terms or provisions of, or result in the creation or acceleration of any obligations under, or constitute a
default under any agreement or instrument to which Parent is a party or by which it is bound or to which its properties or assets may be subject, and (iii) do not violate any existing applicable Law of any Governmental Entity having
jurisdiction over Parent or any of its properties or assets, except, in the case of clauses (ii) and (iii) above for any such conflict, breach, occurrence, acceleration, default or violation that would not, individually or in the
aggregate, be reasonably expected to prevent, materially delay or materially impede Parent’s ability to perform its obligations hereunder. 

  
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 Section 2.2 Representations and Warranties of the Shareholders. Each of the
Shareholders represents and warrants to Parent as of the date hereof that: 
 (a) Such Shareholder (other than a Shareholder that is an
individual) is duly organized, validly existing and in good standing (or the equivalent thereof) under the Laws of the jurisdiction of its formation. 

(b) Such Shareholder (other than a Shareholder that is an individual) has all requisite corporate, partnership or other similar authority and
power to execute, deliver and perform its obligations under this Agreement. This Agreement and the performance by such Shareholder of the obligations contemplated hereby have been duly and validly authorized by all necessary corporate or
similar action on the part of such Shareholder and no other proceedings on the part of such Shareholder are necessary to authorize the execution and delivery of this Agreement or the performance of its obligations hereunder. This Agreement has
been duly executed and delivered by such Shareholder and, assuming that this Agreement constitutes the legal, valid and binding obligation of Parent, constitutes the legal, valid and binding obligation of such Shareholder, enforceable against such
Shareholder in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, examinership, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to
general equity principles (regardless of whether enforcement is sought in a proceeding at law or in equity). 
 (c) The execution and
delivery of this Agreement by such Shareholder and the performance by such Shareholder of its obligations hereunder (i) do not result in any violation of the Organizational Documents of such Shareholder, (ii) do not conflict with, or
result in a breach of any of the terms or provisions of, or result in the creation or acceleration of any obligations under, or constitute a default under any agreement or instrument to which such Shareholder is a party or by which such Shareholder
is bound or to which its properties or assets may be subject, and (iii) do not violate any existing applicable Law of any Governmental Entity having jurisdiction over such Shareholder or any of its properties or assets, except, in the case of
clauses (ii) and (iii) above for any such conflict, breach, occurrence, acceleration, default or violation that would not, individually or in the aggregate, be reasonably expected to prevent, materially delay or materially impede such
Shareholder’s ability to perform its obligations hereunder. 
 (d) Except for Ordinary Shares (if any) acquired pursuant to the Merger
Agreement by such Shareholder, such Shareholder does not Beneficially Own any Voting Securities. For the avoidance of doubt, the representation and warranty contained in this Section 2.2(d) shall not be made by any Permitted Transferee
that becomes a Shareholder in accordance with the terms hereunder after the date hereof. 
 ARTICLE III 

STANDSTILL; VOTING 

Section 3.1 Standstill Restrictions. (a) From and after the date hereof until the one year anniversary of the date on which
the Shareholders collectively shall cease to Beneficially Own Voting Securities representing at least 2% of the Voting Securities outstanding 

  
 8 

 
at such time (the “Standstill Period”), each of the Shareholders shall not, and shall cause each of their respective controlled Affiliates not to (other than, in the case of the
TPG Shareholders, any Non-Private Equity Business of such TPG Shareholders or their respective Affiliates), directly or indirectly, alone or in concert with any other Person, except as expressly set forth in this Section 3.1 or as consented to
by the Board: 
 (i) purchase, offer to purchase or cause to be purchased or otherwise acquire or agree or offer to acquire
Beneficial Ownership of (A) any Voting Securities or any other securities of Parent in addition to the Subject Shares (such Beneficial Ownership in addition to the Subject Shares, the “Excess Amount”) (the parties agree that it
shall not be a breach of this Section 3.1(a)(i) if the Shareholders, together with their Affiliates, Beneficially Own the Excess Amount solely as a result of share purchases, reverse share splits or other actions taken by Parent that, by
reducing the number of shares outstanding, cause the Shareholders, together with their Affiliates, to Beneficially Own any Excess Amount), (B) any other equity securities issued by Parent; (C) any indebtedness convertible into or
exchangeable for any such securities; or (D) any Derivative Instruments; 
 (ii) propose, offer or participate in any
effort to acquire Parent or any of its Subsidiaries or all or a substantial portion of the assets of Parent and its Subsidiaries taken as a whole; 

(iii) knowingly induce or attempt to induce any third party to propose, offer or participate in any effort to acquire
Beneficial Ownership of Voting Securities (other than the Subject Shares as and to the extent permitted in accordance with Article IV); 

(iv) make any proposal or offer with respect to, or undertake (whether alone or as part of a Group) any tender offer, exchange
offer, merger, acquisition, consolidation or other business combination or Change of Control transaction involving Parent or any of its Subsidiaries, or seek to cause Parent to undertake any recapitalization, restructuring, dividend, share
repurchase, liquidation, disposition, dissolution or other extraordinary transaction involving Parent, any of its Subsidiaries or any portion of their respective businesses; provided, that nothing in this Section 3.1(a)(iv) shall in any
way limit the rights of the Shareholders pursuant to Section 4.1(f); 
 (v) seek to call, request the call of or call a
special meeting of the shareholders of Parent, or make or seek to make a shareholders proposal (whether pursuant to Rule 14a-8 under the Exchange Act or otherwise) at any meeting of the shareholders of Parent or in connection with any action by
consent in lieu of a meeting, or seek election to the Board or seek to place a representative on the Board, or seek the removal of any director from the Board, or otherwise acting alone or in concert with others, seek to control or influence the
governance, management or policies of Parent; 
 (vi) solicit proxies, designations or written consents of shareholders, or
conduct any binding or nonbinding proposal or referendum with respect to Voting Securities, or make or in any way participate in any “solicitation” of any “proxy” within 

  
 9 

 
the meaning of Rule 14a-1 promulgated by the SEC under the Exchange Act (but without regard to the exclusion set forth in Rule 14a-1(l)(2)(iv) from the definition of “solicitation”) to
vote (including by written consent) any Voting Securities with respect to any matter, or become a participant in any contested solicitation for the election of directors with respect to Parent (as such terms are defined or used in the Exchange Act
and the rules promulgated thereunder), in each case other than solicitations or acting as a participant in support of the voting obligations of the Shareholders pursuant to Section 3.2 or the recommendation of the Board; 

(vii) make or issue or cause to be made or issued any public disclosure, announcement or statement (including the filing of any
document or report with the SEC or any other Governmental Entity or any disclosure to any journalist, member of the media or securities analyst) (A) in support of any solicitation described in clause (vi) above (other than solicitations on
behalf of the Board), (B) in support of any matter described in clause (v) above, or (C) concerning any potential matter described in clause (iv) above, or (D) negatively or disparagingly commenting about Parent, its
Subsidiaries or any of their respective directors, officers, employees or businesses. 
 (viii) form, join, or in any other
way participate in, a “partnership, limited partnership, syndicate or other group” within the meaning of Section 13(d)(3) of the Exchange Act (other than with its Permitted Transferees that is bound by the restrictions of this
Section 3.1 or a Group which consists solely of any of the TPG Shareholders, their respective investment funds and controlled affiliates) with respect to the Voting Securities, or deposit any Voting Securities in a voting trust or similar
arrangement, or subject any Voting Securities to any voting agreement or pooling arrangement (other than solely between or among the TPG Shareholders, their respective investment funds and controlled affiliates), or grant any proxy, designation or
consent with respect to any Voting Securities (other than to a designated Representative of Parent pursuant to a proxy or consent solicitation on behalf of the Board); 

(ix) publicly disclose, or cause or facilitate the public disclosure (including the filing of any document or report with the
SEC or any other Governmental Entity or any disclosure to any journalist, member of the media or securities analyst) of, any intent, purpose, plan or proposal to obtain any waiver, consent under, or amendment of, any of the provisions of
Section 3.1 or 3.2 or otherwise (A) publicly seek in any manner to obtain any waiver, consent under, or amendment of, any provision of this Agreement or (B) bring any action or otherwise act to contest the validity or enforceability
of Section 3.1 or Section 3.2; 
 (x) take any action that would reasonably be expected to require Parent to make a
public announcement regarding the possibility of a business combination, merger or other type of transaction or matter described in this Section 3.1; or 

(xi) enter into any discussions, negotiations, agreements or understandings with any Person with respect to the foregoing, or
knowingly advise, assist, facilitate, encourage, support, provide financing to or seek to persuade others to take any action with respect to any of the foregoing, or act in concert with others or as part of a “partnership, limited partnership,
syndicate or other group” (within the meaning of Section 13(d)(3) of the Exchange Act) with respect to any of the foregoing. 

  
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 Section 3.2 Attendance at Shareholder Meetings; Voting. During the Standstill Period,
the Shareholders shall (and cause controlled Affiliates to) cause all Subject Shares then owned by such Shareholder to be present, in person or by proxy, at any meeting of the shareholders of Parent occurring at which an election of directors is to
be held, so that all such Subject Shares shall be counted for the purpose of determining the presence of a quorum at such meeting. During the Standstill Period, each of the Shareholders shall vote and cause to be voted all Subject Shares then owned
by such Shareholder in accordance with the recommendation of the Board with respect to any business or proposal on which the shareholders of Parent are entitled to vote. 

Section 3.3 Suspension Event. Each of the parties hereto acknowledges and agrees that, if the Board (or the applicable Subsidiary
board of directors or equivalent) resolves to engage in a formal process to sell Parent or any of its Subsidiaries or any of their material assets, then the TPG Shareholders may request that the Chief Executive Officer of Parent grant a waiver of
the restrictions set forth in Section 3.1 to allow the TPG Shareholders and their affiliated funds to participate in such process, on substantially the same basis generally applicable to other participants in such process, in accordance with
and subject to the rules and procedures of such process put in place by the Board (or the applicable Subsidiary board of directors or equivalent); provided, however, that the restrictions set forth in Section 3.1 shall not be
suspended or waived pursuant to this Section 3.3 if the TPG Shareholders took any action in violation of Section 3.1 to cause the Board (or the applicable Subsidiary board of directors or equivalent) to engage in such process to sell
Parent or any of its Subsidiaries or any of their material assets. 
 ARTICLE IV 

TRANSFER RESTRICTIONS 

Section 4.1 Transfer Restrictions. (a) From and after the Closing, no Transfer of Subject Shares by the Shareholders may be
effected except in compliance with the restrictions set forth in this Article IV and with the requirements of the Securities Act and any other applicable securities Laws. Any attempted Transfer in violation of this Agreement shall be of no
effect and shall be null and void, regardless of whether the purported transferee has any actual or constructive knowledge of the Transfer restrictions set forth in this Agreement, and shall not be recorded on the stock transfer books of Parent.

 (b) During the first three month period following the Closing Date, no Shareholder shall Transfer any of the Subject Shares held by it
without the prior written consent of Parent. 
 (c) During the three month period following the period described in Section 4.1(b), the
Shareholders shall not Transfer, in the aggregate, Subject Shares held by them representing more than 2% of the Voting Securities outstanding at the beginning of such three month period, without the prior written consent of Parent. 

  
 11 

 (d) Following the periods set forth in Section 4.1(b) and Section 4.1(c), each of the
Shareholders (x) shall use its commercially reasonable efforts to Transfer the applicable amount of Subject Shares held by such Shareholder in an orderly manner as reasonably determined by such Shareholder, and (y) subject to the
immediately preceding clause (x), may Transfer Subject Shares, in whole at any time or in part from time to time, without the prior consent of Parent and without restriction, provided, however, that: 

(i) any Transfer of Subject Shares effected pursuant to a Demand Registration Statement (as defined in the Registration Rights
Agreement) shall be subject to the requirements of the Registration Rights Agreement; 
 (ii) in connection with any Transfer
of Subject Shares that is effected pursuant to a privately-negotiated transaction not subject to the registration requirements of the Securities Act in each case in which the Shareholders (or any of their representatives) negotiate the terms of such
Transfer directly with the third party purchaser (other than any underwriter, dealer (including a dealer acting as a block positioner), market maker, placement agent or initial purchaser thereof) of such Subject Shares , no Shareholder shall
knowingly Transfer to any Person or Group (whether such Person or Group is purchasing Subject Shares for its or their own account(s) or as fiduciary on behalf of one or more accounts) Subject Shares (x) representing more than three percent
(3%) of the Voting Securities then outstanding in a single Transfer or series of related Transfers; or (y) to any Person that the transferring Shareholder knows to be (1) a Competitor, (2) an Activist Investor or (3) any
other Person that, at the time of such Transfer, has filed a Schedule 13D with the SEC relating to ownership or shared ownership of Voting Securities. In no event shall the foregoing limitations apply to, or limit in any way, sales by the
Shareholders in registered offerings, in transactions effected on any exchange or in block trades with third party purchasers described above.] 

(e) Notwithstanding the foregoing, (i) for the avoidance of doubt, none of Section 4.1(b), Section 4.1(c) or
Section 4.1(d) shall apply to, and nothing therein shall directly or indirectly prohibit, restrict or otherwise limit, to the extent otherwise permitted by Law, any Transfer of Subject Shares made in accordance with Section 4.1(f); and
(ii) the restrictions set forth in Section 4.1(d) shall terminate at the first such time as the Shareholders shall cease to Beneficially Own Voting Securities representing at least 2% of the Voting Securities outstanding at such time. 

(f) Notwithstanding anything to the contrary set forth in this Article IV, the Shareholders may, at any time, (i) Transfer some or all of
the Subject Shares to any Permitted Transferee; provided that, prior to any such Transfer, such Permitted Transferee executes and delivers to Parent a joinder to this Agreement in the form attached hereto as Exhibit A; provided,
further, that if, at any time after such Transfer, such Permitted Transferee ceases to qualify as a Permitted Transferee, such Shareholder shall promptly cause all Subject Shares held by such Permitted Transferee to be Transferred to a Person
that is, at such time, a Permitted Transferee and that, prior to such Transfer, agrees in writing to acquire and hold such Transferred Subject Shares subject to and in accordance with this Agreement as if such Permitted Transferee were a Shareholder
hereunder; (ii) Transfer the Subject Shares, in whole or in part, to Parent or any Subsidiary of Parent, including pursuant to any redemption, share repurchase, self-tender offer, 

  
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exchange offer or otherwise; or (iii) Transfer the Subject Shares, in whole or in part, in connection with a Change of Control of Parent approved by the Board (including if the Board
(A) recommends that the Shareholders tender in response to a tender or exchange offer that, if consummated, would constitute a Change of Control of Parent, or (B) does not recommend that the Shareholders reject any such tender or exchange
offer within the ten (10) business day period specified in Rule 14e-2(a) under the Exchange Act); (v) Transfer the Subject Shares, in whole or in part, in a distribution of the Subject Shares to the limited partners of investment funds
affiliated with the Shareholders or (vi) Transfers in such amount and in such manner (including sales of Subject Shares or hedging or derivative transactions) as the Company may from time to time approve. 

ARTICLE V 

MISCELLANEOUS 

Section 5.1 Termination. This Agreement shall terminate and be of no further force and effect upon the one year anniversary of the
date on which the Shareholders collectively shall cease to Beneficially Own Voting Securities representing at least 2% of the Voting Securities outstanding at such time. 

Section 5.2 Expenses. Except as expressly provided herein, all costs and expenses incurred in connection with this Agreement, any
agreements related hereto and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses. 

Section 5.3 Amendment. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the
parties hereto. 
 Section 5.4 Entire Agreement. This Agreement, the Merger Agreement, the Registration Rights Agreement and the
Confidentiality Agreement constitute the entire agreement among the parties to this Agreement and supersede any prior understandings, agreements or representations by or among the parties hereto, or any of them, written or oral, with respect to the
subject matter hereof. 
 Section 5.5 Headings. The headings contained in this Agreement are intended solely for convenience and
shall not affect the rights of the parties to this Agreement. 
 Section 5.6 Notices. All notices and other communications
hereunder shall be in writing and shall be deemed duly delivered (i) four (4) Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid, (ii) one (1) Business Day after being sent
for next Business Day delivery, fees prepaid, via a reputable nationwide overnight courier service or (iii) on the date of confirmation of receipt (or, the first Business Day following such receipt if the date of such receipt is not a Business
Day) of transmission by email, in each case to the intended recipient as set forth below: 
 (a) if to any Shareholder, to the address set
forth next to such Shareholder’s name on the signature pages hereto, 

  
 13 

					
			 with a copy to:
  

Ropes & Gray LLP
 Prudential Tower

800 Boylston Street

			 Attn:
		 William M. Shields

					 C. Michael Roh

			 E-mail:
		 william.shields@ropesgray.com

michael.roh@ropesgray.com

		
	(b)		 if to Parent, to

		
			 Endo International plc
 First Floor,
Minerva House
 Simmonscourt Road
 Ballsbridge

Dublin 4, Ireland

			
			 and
		
		
			 Endo Health Solutions Inc.
 1400
Atwater Drive
 Malvern, Pennsylvania

			 Attn:
		Matthew J. Maletta,
			 Executive Vice President, Chief Legal Officer

			 E-mail:
		 maletta.matthew@endo.com

		
			 with a copy (which shall not constitute notice) to:

		
			 Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square
 New York, NY 10036-6522

			 Attn:
		 Eileen T. Nugent
 C. Michael
Chitwood

			 E-mail:
		 enugent@skadden.com

michael.chitwood@skadden.com

 Such addresses may be changed, from time to time, by means of a notice given in the manner provided in this Section 5.6.

 Section 5.7 Waiver. Waivers under this Agreement are only valid and binding if in writing and duly executed by the party
against whom enforcement of the waiver is sought. Such waiver shall not be deemed to apply to any time for performance, inaccuracy in any representation or warranty, or noncompliance with any agreement, as the case may be, other than that which is
specified in the waiver. The failure of any party to this Agreement to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of such rights. 

Section 5.8 Binding Effect; Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto
and their permitted successors and 

  
 14 

 
assigns. Except as contemplated by Section 4.1(e), no party to this Agreement may assign or delegate, by operation of law or otherwise, all or any portion of its rights, obligations or
liabilities under this Agreement without the prior written consent of the other parties to this Agreement. Any purported assignment without such prior written consents shall be void. 

Section 5.9 No Third Party Beneficiary. Nothing in this Agreement shall confer any rights, remedies or claims upon any Person or
entity not a party or a permitted assignee of a party to this Agreement. 
 Section 5.10 Counterparts. This Agreement may be
executed in two (2) or more counterparts, each of which shall be deemed an original but all of which together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each of the parties
hereto and delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Agreement may be executed and delivered by facsimile or .pdf transmission. 

Section 5.11 Governing Law and Jurisdiction. This Agreement and any claim, controversy or dispute arising under or related to this
Agreement, whether in law or in equity, whether in contract or in tort, by statute or otherwise, shall be governed and construed in accordance with the Laws of the State of Delaware without giving effect to the principles of conflicts of law thereof
or of any other jurisdiction. 
 Section 5.12 Submission to Jurisdiction; Waiver of Jury Trial. IN ADDITION, EACH OF THE PARTIES
HERETO (A) CONSENTS TO SUBMIT ITSELF, AND HEREBY SUBMITS ITSELF, TO THE PERSONAL JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE AND ANY FEDERAL COURT LOCATED IN THE STATE OF DELAWARE, OR, IF NEITHER OF SUCH COURTS HAS SUBJECT
MATTER JURISDICTION, ANY STATE COURT OF THE STATE OF DELAWARE HAVING SUBJECT MATTER JURISDICTION, IN THE EVENT ANY CLAIM, CONTROVERSY OR DISPUTE (IN EACH CASE, WHETHER IN LAW OR IN EQUITY, WHETHER IN CONTRACT OR IN TORT, BY STATUTE OR OTHERWISE)
ARISES OUT OF, OR IS RELATED TO, THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, (B) AGREES THAT IT WILL NOT ATTEMPT TO DENY OR DEFEAT SUCH PERSONAL JURISDICTION BY MOTION OR OTHER REQUEST FOR LEAVE FROM ANY SUCH
COURT, AND AGREES NOT TO PLEAD OR CLAIM ANY OBJECTION TO THE LAYING OF VENUE IN ANY SUCH COURT OR THAT ANY JUDICIAL PROCEEDING IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM, (C) AGREES THAT IT WILL NOT BRING ANY ACTION (WHETHER IN
LAW OR IN EQUITY, WHETHER IN CONTRACT OR IN TORT, BY STATUTE OR OTHERWISE) RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT IN ANY COURT OTHER THAN THE COURT OF CHANCERY OF THE STATE OF DELAWARE AND ANY FEDERAL
COURT LOCATED IN THE STATE OF DELAWARE, OR, IF NEITHER OF SUCH COURTS HAS SUBJECT MATTER JURISDICTION, ANY STATE COURT OF THE STATE OF DELAWARE HAVING SUBJECT MATTER JURISDICTION, AND (D) CONSENTS TO SERVICE OF PROCESS BEING MADE THROUGH THE
NOTICE PROCEDURES SET FORTH IN SECTION 5.6. EACH OF THE PARTIES HERETO 

  
 15 

 
HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. 
 Section 5.13 Specific Performance. The parties hereto agree that irreparable damage would occur in the
event that any of the provisions of this Agreement were not performed by the parties hereto in accordance with the terms hereof or were otherwise breached by the parties hereto. The parties further agree that each of the parties hereto shall be
entitled to an injunction or injunction without the necessity of posting a bond to prevent breaches of the provisions hereof and to specific performance of the terms hereof, in addition to any other remedy at law or equity. 

Section 5.14 Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any
jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the term or provision in question in any other situation or in any other jurisdiction. If a court of
competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific words or
phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement
shall be enforceable as so modified. In the event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable term or
provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term. 

Section 5.15 Effectiveness. This Agreement shall become effective at and as of the Closing. If the Merger Agreement is terminated
in accordance with its terms prior to a Closing, this Agreement shall immediately be void and of no further effect without action on the part of any Person. 

Section 5.16 Relationship of the Parties. No provision of this Agreement creates a partnership between any of the parties or makes
a party the agent of any other party for any purpose. A party has no authority or power to bind, to contract in the name of, or to create a liability for, another party in any way or for any purpose. 

Section 5.17 Further Assurances. Upon the terms and subject to the conditions set forth in this Agreement, from and after the
Closing Date, the parties hereto shall each use commercially reasonable efforts to promptly take, or to cause to be taken, all actions, and to do, or to cause to be done, and to assist and cooperate with the other parties in doing, all things
necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the transactions contemplated by this Agreement. 

Section 5.18 Rights and Obligations of Parties. The obligations of (i) Parent, on the one hand, to each of the Shareholders,
on the other hand, and (ii) each of the Shareholders, on the one hand, to Parent, on the other hand, are owed to them as separate and independent obligations of each party and each party will have the right to protect and enforce its rights
under this Agreement without joining any other party in any proceedings. 
 [Signature page follows.] 

  
 16 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their
respective authorized officers as of the date first written above. 
  

			
	PARENT:
	
	 ENDO INTERNATIONAL PLC

		
	By:		 /s/ Rajiv De Silva

	Name:		Rajiv De Silva
	Title:		President & Chief Executive Officer
	
	SHAREHOLDERS:
	
	TPG SKY L.P.
		
	By:		TPG Advisors VI, Inc., its general partner
		
	By:		 /s/ Ronald Cami

	Name:		Ronald Cami
	Title:		Vice President
	
	TPG SKY CO-INVEST L.P.
		
	By:		TPG Advisors VI, Inc., its general partner
		
	By:		 /s/ Ronald Cami

	Name:		Ronald Cami
	Title:		Vice President
	
	TPG BIOTECHNOLOGY PARTNERS IV L.P.
		
	By:		TPG Biotechnology GenPar IV, L.P., its general partner
		
	By:		TPG Biotech GenPar IV Advisors, LLC, its general partner
		
	By:		 /s/ Ronald Cami

	Name:		Ronald Cami
	Title:		Vice President

 EXHIBIT A 

FORM OF JOINDER AGREEMENT 
 This
Joinder (this “Joinder”) to the Shareholders Agreement (as the same may be amended, the “Shareholders Agreement”), dated as of May 18, 2015, by and among Endo International plc, a public limited company
incorporated under the laws of Ireland (the “Company”) and the Shareholders on the signature pages thereto (collectively, the “Shareholders”), is made and entered into as of
[            ] (the “Effective Date”) by and between the Company and [            ] (the “New
Shareholder”). 
 WHEREAS, pursuant to Section 4.1 of the Shareholders Agreement, the Company desires to admit the New
Shareholder to be treated as a Shareholder of the Company under the Shareholders Agreement; 
 WHEREAS, pursuant to Section 4.1 of the
Shareholders Agreement, the New Shareholder desires to acknowledge that, upon execution of this Joinder and effective as of the Effective Date, such New Shareholder shall be party to, and bound by all of the terms of, the Shareholders Agreement; and

 WHEREAS, on the Effective Date, New Shareholder shall acquire [    ] Ordinary Shares [from
[    ]]. 
 NOW THEREFORE, in consideration of the mutual promises and covenants set forth herein, and other good and
valuable consideration, the receipt of which is hereby acknowledged, intending to be legally bound hereby, the parties to this Joinder agree as follows: 

1. Definitions. Capitalized terms used herein but not otherwise defined herein shall have the respective meanings set forth in the
Shareholder Agreement. 
 2. Agreement to be Bound. The New Shareholder hereby (i) acknowledges that it has received and
reviewed a complete copy of the Shareholders Agreement and (ii) agrees that upon execution of this Joinder, the New Shareholder shall become a party to the Shareholders Agreement as a Shareholder and shall be fully bound by, and subject to, all
of the applicable terms, conditions, representations and warranties and other provisions of the Shareholders Agreement with all attendant rights, benefits, duties, restrictions and obligations stated therein as though an original party thereto and
shall be deemed a “Shareholder” for all purposes under the Shareholders Agreement. The Company hereby agrees that upon execution of this Joinder, the New Shareholder shall have all attendant rights and benefits stated in the Shareholders
Agreement applicable to Shareholders, with the same force and effect as if the undersigned was an original party to the Shareholders Agreement. 

3. Effectiveness. This Joinder shall take effect and shall become a part of the Shareholders Agreement as of the Effective Date
immediately upon the execution hereof. 

 4. Counterparts. This Joinder may be executed in two or more counterparts, each of which
shall be deemed an original, but both of which together shall constitute one and the same instrument. 
 5. Governing Law. This
Joinder shall be governed and construed in accordance with the Laws of the State of Delaware without giving effect to the principles of conflicts of law thereof or of any other jurisdiction. 

6. Headings. The headings contained in this Joinder are for purposes of convenience only and shall not affect the meaning or
interpretation of this Joinder. 
 *** 

  
 2 

 EXHIBIT A 

IN WITNESS WHEREOF, this Joinder has been duly executed and delivered by a duly authorized officer of the Company and New Shareholder as of the date first
above written. 
  

	
	NEW SHAREHOLDER
	
	 By:
                                         
                               

	 Name:

	 Title:

 ACKNOWLEDGED AND AGREED: 

ENDO INTERNATIONAL PLC 

	
	
	 By:
                                         
                               

	 Name:

	 Title:

 [Signature Page to Form of Joinder to Shareholders Agreement]

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