Document:

Amended and Restated Employment Agreement

 Exhibit 10.1 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

(Benjamin J. Del Tito, Jr., Ph.D.) 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is entered into this
30th day of April, 2010 by and between Auxilium
Pharmaceuticals, Inc. (the “Company”) and Benjamin J. Del Tito, Jr., Ph.D. (“Executive”). 
 WHEREAS, the
Company and Executive previously entered into that certain Employment Agreement dated June 13, 2007, as amended December 9, 2008 (the “Prior Agreement”); and 

WHEREAS, the parties now wish to amend the terms of the Prior Agreement to provide certain additional severance benefits on the terms and
conditions set forth herein in connection with the Executive’s promotion. 
 NOW, THEREFORE, the parties hereto, intending
to be legally bound, hereby agree as follows: 
 1. Employment. The Company hereby agrees to employ Executive, and Executive hereby
accepts such employment and agrees to perform Executive’s duties and responsibilities, in accordance with the terms, conditions and provisions hereinafter set forth. This Agreement became effective as of December 9, 2008 (the
“Effective Date”) and shall continue until the third anniversary thereof, unless sooner terminated pursuant to the terms of this Agreement (the “Initial Term”). In addition, this Agreement shall automatically renew for periods of
one (1) year unless either party gives written notice to the other party at least ninety (90) days prior to the end of the Initial Term or any one (1) year renewal period, as applicable, that the Agreement shall not be further
extended. Nothing in this Agreement shall be construed as giving Executive any right to be retained in the employ of the Company, and Executive specifically acknowledges that Executive shall be an employee-at-will of the Company, and thus subject to
discharge at any time by the Company with or without Cause (as defined in Section 2.8) and without compensation of any nature except as provided in Section 2 below. The Initial Term, together with any one-year renewal period shall be
referred to as the “Term.” 
 1.1 Duties and Responsibilities. Commencing on the Effective Date, Executive
shall serve as the Executive Vice President, Regulatory Affairs and Project Management of the Company and shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to Executive by the
Company’s Chief Executive Officer or the Company’s Board of Directors (the “Board”). 
 1.2 Extent of
Service. Executive agrees to use Executive’s best efforts to carry out Executive’s duties and responsibilities under Section 1.1 hereof and, consistent with the other provisions of this Agreement, to devote substantially all of
Executive’s business time, attention and energy thereto. The foregoing shall not be construed as preventing Executive from making investments in other businesses or enterprises, provided that Executive agrees not to become engaged in any other
business activity which, in the reasonable judgment of the Board, is likely to interfere with Executive’s ability to discharge Executive’s duties and responsibilities to the Company. 

 

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 1.3 Base Salary. For all the services rendered by Executive hereunder, the Company
shall pay Executive a base salary (“Base Salary”) at the annual rate of $280,000, payable bi-weekly in installments at such times as the Company customarily pays its other senior level executives. Executive’s Base Salary shall be
reviewed annually for appropriate increases by the Board or compensation committee pursuant to the normal performance review policies for senior level executives. 

1.4 Incentive Compensation. The Executive shall participate in short-term and long-term incentive programs established by the
Company for its senior level executives generally, at levels determined by the Board or the Chief Executive Officer. Executive’s incentive compensation shall be subject to the terms of the applicable plans and shall be determined based on
Executive’s individual performance and Company performance as determined by the Board or the Chief Executive Officer. Any annual incentive compensation earned by the Executive shall be paid on or after January 1 but not later than
March 15 of the year following the year in which the annual incentive compensation is earned. 
 1.5 Retirement and
Welfare Plans. Executive shall participate in employee retirement and welfare benefit plans made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in
effect from time to time and subject to the eligibility requirements of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from time to time
as the Company deems appropriate. 
 1.6 Reimbursement of Expenses; Vacation. Executive shall be provided with
reimbursement of reasonable expenses related to Executive’s employment by the Company on a basis no less favorable than that which may be authorized from time to time for senior level executives as a group, and shall be entitled to four
(4) weeks of vacation and three (3) personal days in accordance with the Company’s pay for time not worked policies. 
 2.
Termination. Executive’s employment shall terminate upon the occurrence of any of the following events: 
 2.1
Termination Without Cause Before A Change of Control. 
 (a) The Company may remove Executive at any time without Cause
(as defined in Section 2.8) from the position in which Executive is employed hereunder upon not less than 30 days’ prior written notice to Executive. 

(b) If Executive’s employment terminates as described in subsection (a) above and Executive executes and does not revoke a
written release upon such removal, in a form provided by the Company, of any and all claims against the Company and all related parties with respect to all matters arising out of Executive’s employment by the Company, or the termination thereof
(the “Release”), Executive shall be entitled to receive the following severance compensation, as long as Executive complies with the terms of Sections 4, 5, 6, 7 and 8 below: 

(i) Executive shall receive severance payments in an amount equal to 1.0 times Executive’s annual Base Salary at the rate in effect
at the time of Executive’s termination. The severance amount shall be paid in equal monthly installments over the twelve-month period following Executive’s termination of employment (the “Severance Period”). Such monthly payments
shall commence within 60 days after the effective date of the termination, subject to Executive’s execution and non-revocation of the Release during such 60 day period. Notwithstanding any provision of this Agreement to the contrary, in no
event shall the timing of Executive’s execution of the Release, directly or indirectly, result in Executive designating the calendar year of payment, and if a payment that is subject to execution of the Release could be made in more than one
taxable year, payment shall be made in the later taxable year. 
  

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 (ii) During the Severance Period, Executive shall continue to receive the medical coverage
in effect at the date of Executive’s termination (or generally comparable coverage) for Executive and, where applicable, Executive’s spouse and dependents, as the same may be changed from time to time for employees generally, as if
Executive had continued in employment during such period. The COBRA health care continuation coverage period under Section 4980B of the Code shall run concurrently with the Severance Period. 

(iii) Executive shall receive any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the
Company. 
 (iv) Executive agrees that if Executive fails to comply with Section 4, 5, 6, 7 or 8 below, all payments under
this Section 2.1 shall immediately cease. 
 2.2 Termination Without Cause; Resignation for Good Reason After A Change
of Control. 
 (a) If the Company terminates Executive’s employment without Cause or Executive resigns for Good Reason
(as defined in Section 2.8) during the one-year period following a Change of Control, this Section 2.2 shall apply. 

(b) If Executive’s employment terminates as described in subsection (a) above and Executive executes and does not revoke a
Release, Executive shall be entitled to receive the following severance compensation, as long as Executive complies with the terms of Sections 4, 5, 6, 7 and 8 below: 

(i) Executive shall receive a lump sum severance payment in an amount equal to (A) 1.5 times Executive’s annual Base Salary at
the rate in effect at the time of Executive’s termination, plus (B) 1.5 times Executive’s average annual bonus paid by the Company to Executive for the two fiscal years preceding the fiscal year in which Executive’s termination
of employment occurs. The payment shall be made within 60 days after the effective date of the termination of employment, subject to the Executive’s execution and non-revocation of the Release during such 60 day period. Notwithstanding any
provision of this Agreement to the contrary, in no event shall the timing of Executive’s execution of the Release, directly or indirectly, result in Executive designating the calendar year of payment, and if a payment that is subject to
execution of the Release could be made in more than one taxable year, payment shall be made in the later taxable year. 
  

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 (ii) During the eighteen-month period following Executive’s termination of employment
(the “Change of Control Severance Period”), Executive shall continue to receive the medical coverage in effect at the date of Executive’s termination (or generally comparable coverage) for Executive and, where applicable,
Executive’s spouse and dependents, as the same may be changed from time to time for employees generally, as if Executive had continued in employment during such period. The COBRA health care continuation coverage period under Section 4980B
of the Code, shall run concurrently with the Change of Control Severance Period. 
 (iii) All outstanding stock options held by
Executive at the date of Executive’s termination of employment shall become fully exercisable on the date of termination and all stock awards held by Executive at the date of Executive’s termination of employment shall become fully vested
and exercisable as of the date of termination. 
 (iv) Executive shall receive any benefits accrued in accordance with the
terms of any applicable benefit plans and programs of the Company. 
 (c) Executive agrees that if Executive materially breaches
Section 4, 5, 6, 7 or 8 below, all payments under this Section 2.2 shall immediately cease. 
 2.3 Voluntary
Termination. Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect
to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

 2.4 Disability. The Company may terminate Executive’s employment if Executive has been unable to perform the
material duties of Executive’s employment for a period of 90 days in any 12-month period because of physical or mental injury or illness (“Disability”); provided, however, that the Company shall continue to pay Executive’s Base
Salary until the Company acts to terminate Executive’s employment. Executive agrees, in the event of a dispute under this Section 2.4 relating to Executive’s Disability, to submit to a physical examination by a licensed physician
jointly selected by the Board and Executive. If the Company terminates Executive’s employment for Disability, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance
with the terms of any applicable benefit plans and programs of the Company. 
 2.5 Death. If Executive dies while
employed by the Company, the Company shall pay to Executive’s executor, legal representative, administrator or designated beneficiary, as applicable, any benefits accrued under the Company’s benefit plans and programs. Otherwise, the
Company shall have no further liability or obligation under this Agreement to Executive’s executors, legal representatives, administrators, heirs or assigns or any other person claiming under or through Executive. 

2.6 Cause. The Company may terminate Executive’s employment at any time for Cause (as defined in Section 2.8) upon
written notice to Executive, in which event all payments 
  

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under this Agreement shall cease. Executive shall be entitled to any benefits accrued before Executive’s termination in accordance with the terms of any applicable benefit plans and programs
of the Company. 
 2.7 Notice of Termination. Any termination of Executive’s employment shall be communicated by a
written notice of termination to the other party hereto given in accordance with Section 12. The notice of termination shall (i) indicate the specific termination provision in this Agreement relied upon, (ii) briefly summarize the
facts and circumstances deemed to provide a basis for a termination of employment and the applicable provision hereof, and (iii) specify the termination date in accordance with the requirements of this Agreement. 

2.8 Definitions. 

(a) “Cause” shall mean any of the following grounds for termination of Executive’s employment: 

(i) Executive shall have been convicted of, or entered a plea of guilty to, a felony, 

(ii) Executive intentionally and continually fails to perform Executive’s reasonably assigned material duties to the Company (other
than a failure resulting from Executive’s incapacity due to physical or mental illness), which failure has continued for a period of at least 30 days after a written notice of demand for substantial performance, signed by a duly authorized
officer of the Company, has been delivered to Executive specifying the manner in which Executive has failed substantially to perform, 

(iii) Executive engages in willful misconduct in the performance of Executive’s duties, or 

(iv) Executive materially breaches Section 4, 5, 6, 7 or 8 below. 

(b) “Change of Control” as used herein, a “Change of Control” shall be deemed to have occurred if: 

(i) Any “person” (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the voting power of the then outstanding
securities of the Company; provided that a Change of Control shall not be deemed to occur as a result of a transaction in which the Company becomes a subsidiary of another corporation and in which the stockholders of the Company, immediately prior
to the transaction, will beneficially own, immediately after the transaction, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the parent corporation would be entitled in the election of directors; or

 (ii) The consummation of (A) a merger or consolidation of the Company with another corporation where the stockholders
of the Company, immediately prior to the merger or consolidation, will not beneficially own, immediately after the merger or 
  

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consolidation, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the surviving corporation would be entitled in the election of directors or (B) a
sale or other disposition of all or substantially all of the assets of the Company. 
 (iii) After the Effective Date,
directors are elected such that a majority of the members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment
or election. 
 (c) “Good Reason” shall mean the occurrence of any of the following events or conditions,
unless Executive has expressly consented in writing thereto, or except as a result of Executive’s physical or mental incapacity or as described in the last sentence of this subsection (c): 

(i) a material reduction in Executive’s Base Salary; 

(ii) a substantial reduction of Executive’s duties and responsibilities hereunder; or 

(iii) the Company requires that Executive’s principal office location be moved to a location more than 50 miles from
Executive’s principal office location immediately before the change. 
 Notwithstanding the foregoing, Executive shall not have Good Reason
for termination unless (A) Executive gives written notice of termination for Good Reason within 30 days after the event giving rise to Good Reason occurs, (B) the Company does not correct the action or failure to act that constitutes the
grounds for Good Reason, as set forth in Executive’s notice of termination, within 30 days after the date on which Executive gives written notice of termination and (C) Executive actually resigns within 30 days following the expiration of
the cure period. 
 2.9 Section 409A. 

(a) This Agreement shall be interpreted to avoid any penalty sanctions under section 409A of the Code. If any payment or benefit cannot
be provided or made at the time specified herein without incurring sanctions under section 409A of the Code, then such benefit or payment shall be provided in full (to extent not paid in part at earlier date) at the earliest time thereafter when
such sanctions will not be imposed. For purposes of section 409A of the Code, all payments to be made upon a termination of employment under this Agreement may only be made upon the Executive’s “separation from service” (within the
meaning of such term under section 409A of the Code), each payment made under this Agreement shall be treated as a separate payment, and the right to a series of installment payments under this Agreement shall be treated as a right to a series of
separate payments. In no event shall the Executive, directly or indirectly, designate the calendar year of payment, except as permitted under section 409A of the Code. 

(b) Notwithstanding anything herein to the contrary, if, at the time of the Executive’s termination of employment with the Company,
the Company has securities which are publicly traded on an established securities market and the Executive is a “specified 

 

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employee” (as such term is defined in section 409A of the Code) and it is necessary to postpone the commencement of any payments or benefits otherwise payable under this Agreement as a
result of such termination of employment to prevent any accelerated or additional tax under section 409A of the Code, then the Company will postpone the commencement of the payment of any such payments or benefits hereunder (without any reduction in
such payments or benefits ultimately paid or provided to the Executive) that are not otherwise paid within the ‘short-term deferral exception’ under Treas. Reg. §1.409A-1(b)(4), and the ‘separation pay exception’ under
Treas. Reg. §1.409A-1(b)(9)(iii), until the first payroll date that occurs after the date that is six months following the Executive’s “separation of service” (as such term is defined under code section 409A of the Code) with the
Company. If any payments are postponed due to such requirements, such postponed amounts will be paid in a lump sum to the Executive on the first payroll date that occurs after the date that is six months following Executive’s separation of
service with the Company. If the Executive dies during the postponement period prior to the payment of postponed amount, the amounts postponed on account of section 409A of the Code shall be paid to the personal representative of the
Executive’s estate within 60 days after the date of the Executive’s death. 
 (c) All reimbursements and in-kind
benefits provided under this Agreement shall be made or provided in accordance with the requirements of section 409A of the Code, including, where applicable, the requirement that (A) any reimbursement shall be for expenses incurred during the
Executive’s lifetime (or during a shorter period of time specified in this Agreement), (B) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for
reimbursement, or in kind benefits to be provided, in any other calendar year, (C) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and
(D) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. 
 3. Non-Exclusivity
of Rights. Nothing in this Agreement shall prevent or limit Executive’s continuing or future participation in or rights under any benefit, bonus, incentive or other plan or program provided by the Company and for which Executive may
qualify; provided, however, that if Executive becomes entitled to and receives the payments provided for in Section 2 of this Agreement, Executive hereby waives Executive’s right to receive payments under any severance plan or similar
program applicable to all employees of the Company. 
 4. Confidentiality. Executive agrees that Executive’s services to the Company
and its subsidiaries and any successors or assigns (collectively, the “Employer”) were and are of a special, unique and extraordinary character, and that Executive’s position places Executive in a position of confidence and trust with
the Employer’s customers and employees. Executive also recognizes that Executive’s position with the Employer will give Executive substantial access to Confidential Information (as defined below), the disclosure of which to competitors of
the Employer would cause the Employer to suffer substantial and irreparable damage. Executive recognizes, therefore, that it is in the Employer’s legitimate business interest to restrict Executive’s use of Confidential Information for any
purposes other than the discharge of Executive’s employment duties at the Employer, and to limit any potential appropriation of Confidential Information by Executive for the benefit of the Employer’s competitors and to the detriment of the
Employer. Accordingly, Executive agrees as follows: 
 (a) Executive will not at any time, whether during or after the
termination of Executive’s employment, reveal to any person or entity any of the trade secrets or confidential information of the Employer or of any third party which the Employer is under an obligation to keep confidential (including but not
limited to trade secrets or confidential information respecting inventions, products, designs, methods, know-how, techniques, systems, processes, software programs, works of authorship, customer lists, projects, plans and proposals)
(“Confidential Information”), except as may be required in the ordinary course of performing Executive’s duties as an employee of the Employer, and Executive shall keep secret all matters entrusted to Executive and shall not use or
attempt to use any such information in any manner which may injure or cause loss or may be calculated to injure or cause loss whether directly or indirectly to the Employer. 

 

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 (b) The above restrictions shall not apply to: (i) information that at the time of
disclosure is in the public domain through no fault of Executive; (ii) information received from a third party outside of the Employer that was disclosed without a breach of any confidentiality obligation; (iii) information approved for
release by written authorization of the Employer; or (iv) information that may be required by law or an order of any court, agency or proceeding to be disclosed; provided Executive shall provide the Employer notice of any such required
disclosure once Executive has knowledge of it and will help the Employer to the extent reasonable to obtain an appropriate protective order. 

(c) Further, Executive agrees that during Executive’s employment Executive shall not take, use or permit to be used any notes,
memoranda, reports, lists, records, drawings, sketches, specifications, software programs, data, documentation or other materials of any nature relating to any matter within the scope of the business of the Employer or concerning any of its dealings
or affairs otherwise than for the benefit of the Employer. Executive further agrees that Executive shall not, after the termination of Executive’s employment, use or permit to be used any such notes, memoranda, reports, lists, records,
drawings, sketches, specifications, software programs, data, documentation or other materials, it being agreed that all of the foregoing shall be and remain the sole and exclusive property of the Employer and that, immediately upon the termination
of Executive’s employment, Executive shall deliver all of the foregoing, and all copies thereof, to the Employer, at its main office. 

(d) Executive agrees that upon the termination of Executive’s employment with the Employer, Executive will not take or retain
without written authorization any documents, files or other property of the Employer, and Executive will return promptly to the Employer any such documents, files or property in Executive’s possession or custody, including any copies thereof
maintained in any medium or format. Executive recognizes that all documents, files and property which Executive has received and will receive from the Employer, including but not limited to scientific research, customer lists, handbooks, memoranda,
product specifications, and other materials (with the exception of documents relating to benefits to which Executive might be entitled following the termination of Executive’s employment with the Employer), are for the exclusive use of the
Employer and employees who are discharging their responsibilities on behalf of the Employer, and that Executive has no claim or right to the continued use, possession or custody of such documents, files or property following the termination of
Executive’s employment with the Employer. 
  

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 5. Intellectual Property. 

(a) If at any time or times during Executive’s employment Executive shall (either alone or with others) make, conceive, discover or
reduce to practice any invention, modification, discovery, design, development, improvement, process, software program, work of authorship, documentation, formula, data, technique, know-how, secret or intellectual property right whatsoever or any
interest therein (whether or not patentable or registrable under copyright or similar statutes or subject to analogous protection) (herein called “Developments”) that (i) relates to the business of the Employer or any customer of or
supplier to the Employer or any of the products or services being developed, manufactured or sold by the Employer or which may be used in relation therewith, (ii) results from tasks assigned to Executive by the Employer or (iii) results
from the use of premises or personal property (whether tangible or intangible) owned, leased or contracted for by the Employer, such Developments and the benefits thereof shall immediately become the sole and absolute property of the Employer and
its assigns, and Executive shall promptly disclose to the Employer (or any persons designated by it) each such Development, and Executive hereby assigns any rights Executive may have or acquire in the Developments and benefits and/or rights
resulting therefrom to the Employer and its assigns without further compensation and shall communicate, without cost or delay, and without publishing the same, all available information relating thereto (with all necessary plans and models) to the
Employer. 
 (b) Upon disclosure of each Development to the Employer, Executive will, during Executive’s employment and at
any time thereafter, at the request and cost of the Employer, sign, execute, make and do all such deeds, documents, acts and things as the Employer and its duly authorized agents may reasonably require: 

(i) to apply for, obtain and vest in the name of the Employer alone (unless the Employer otherwise directs) letters patent, copyrights
or other analogous protection in any country throughout the world and when so obtained or vested to renew and restore the same; and 

(ii) to defend any opposition proceedings in respect of such applications and any opposition proceedings or petitions or applications
for revocation of such letters patent, copyright or other analogous protection. 
 (c) In the event the Employer is unable,
after reasonable effort, to secure Executive’s signature on any letters patent, copyright or other analogous protection relating to a Development, whether because of Executive’s physical or mental incapacity or for any other reason
whatsoever, Executive hereby irrevocably designates and appoints the Employer and its duly authorized officers and agents as Executive’s agent and attorney-in-fact, to act for and on Executive’s behalf and stead to execute and file any
such application or applications and to do all other lawfully permitted acts to further the prosecution and issuance of letter patents, copyright and other analogous protection thereon with the same legal force and effect as if executed by
Executive. 
 6. Non-Competition. While Executive is employed at the Employer and for a period of one year after termination of
Executive’s employment (for any reason whatsoever, whether 
  

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voluntary or involuntarily), Executive will not, without the prior written approval of the Board, whether alone or as a partner, officer, director, consultant, agent, employee or stockholder of
any company or other commercial enterprise, directly or indirectly engage in any business or other activity in the United States or Canada which competes with the Employer in the sale of the pharmaceutical or other products being manufactured,
marketed, distributed or developed by the Employer while Executive is employed by Employer and at the time of termination of such employment. The foregoing prohibition shall not prevent Executive’s employment or engagement after termination of
Executive’s employment by any company or business organization, as long as the activities of any such employment or engagement, in any capacity, do not involve work on matters related to the products being developed, manufactured, or marketed
by the Employer at the time of termination of Executive’s employment. Executive shall be permitted to own securities of a public company not in excess of five percent of any class of such securities and to own stock, partnership interests or
other securities of any entity not in excess of five percent of any class of such securities and such ownership shall not be considered to be in competition with the Employer. 

7. Non-Solicitation. 

(a) While Executive is employed at the Employer and for a period of one (1) year after termination of such employment (for any
reason, whether voluntary or involuntarily), Executive agrees that Executive will not: 
 (i) directly or indirectly solicit,
entice or induce any customer to become a customer of any other person, firm or corporation with respect to products then sold or under development by the Employer or to cease doing business with the Employer, and Executive shall not approach any
such person, firm or corporation for such purpose or authorize or knowingly approve the taking of such actions by any other person; 

(ii) directly or indirectly solicit or recruit any employee of the Employer to work for a third party other than the Employer (excluding
newspaper or similar print or electronic solicitations of general circulation); or 
 (b) This Section 7 does not apply to
any general solicitation not focused to any group of customers itemized on a customer list of the Employer. 
 8. Non-Disparagement.
While Executive is employed at the Employer and for a period of one (1) year after termination of such employment (for any reason, whether voluntary or involuntarily), Executive agrees to refrain from making any public statement about the
Employer, or its directors, officers, employees, affiliates or agents that would disparage, or reflect unfavorably upon the image or reputation of the Employer, or its directors, officers, employees, affiliates or agents. 

9. General Provisions. 

(a) Executive acknowledges and agrees that the type and periods of restrictions imposed in Sections 4, 5, 6, 7 and 8 of this Agreement
are fair and reasonable, and that such restrictions are intended solely to protect the legitimate interests of the Employer, rather than to prevent Executive from earning a livelihood. Executive recognizes that the

  

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Employer competes worldwide, and that Executive’s access to Confidential Information makes it necessary for the Employer to restrict Executive’s post-employment activities in any market
in which the Employer competes, and in which Executive’s access to Confidential Information and other proprietary information could be used to the detriment of the Employer. In the event that any restriction set forth in this Agreement is
determined to be overbroad with respect to scope, time or geographical coverage, Executive agrees that such a restriction or restrictions should be modified and narrowed, either by a court or by the Employer, so as to preserve and protect the
legitimate interests of the Employer as described in this Agreement, and without negating or impairing any other restrictions or agreements set forth herein. 

(b) Executive acknowledges and agrees that if Executive should breach any of the covenants, restrictions and agreements contained herein,
irreparable loss and injury would result to the Employer, and that damages arising out of such a breach may be difficult to ascertain. Executive therefore agrees that, in addition to all other remedies provided at law or at equity, the Employer
shall be entitled to have the covenants, restrictions and agreements contained in Sections 4, 5, 6, 7 and 8 specifically enforced (including, without limitation, by temporary, preliminary, and permanent injunctions and restraining orders) by any
state or federal court in the Commonwealth of Pennsylvania having equity jurisdiction and Executive agrees to subject Executive to the jurisdiction of such court. 

(c) Executive agrees that if the Employer fails to take action to remedy any breach by Executive of this Agreement or any portion of the
Agreement, such inaction by the Employer shall not operate or be construed as a waiver of any subsequent breach by Executive of the same or any other provision, agreement or covenant. 

(d) Executive acknowledges and agrees that the payments and benefits to be provided to Executive under this Agreement are provided as
consideration for the covenants in Sections 4, 5, 6, 7 and 8 hereof. 
 10. Survivorship. The respective rights and obligations of the
parties under this Agreement shall survive any termination of Executive’s employment to the extent necessary to the intended preservation of such rights and obligations. 

11. Mitigation. Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other
employment or otherwise and there shall be no offset against amounts due Executive under this Agreement on account of any remuneration attributable to any subsequent employment that Executive may obtain. 

12. Notices. All notices and other communications required or permitted under this Agreement or necessary or convenient in connection herewith
shall be in writing and shall be deemed to have been given when hand delivered or mailed by registered or certified mail, as follows (provided that notice of change of address shall be deemed given only when received): 

If to the Company, to: 

Auxilium Pharmaceuticals, Inc. 

40 W. Valley Stream Parkway 

Malvern, PA 19355 
  

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 If to Executive, to: 

Benjamin J. Del Tito, Jr., Ph.D. 

214 Old Farm Lane 

Lansdale, PA 19446 
 or to such
other names or addresses as the Company or Executive, as the case may be, shall designate by notice to each other person entitled to receive notices in the manner specified in this Section. 

13. Contents of Agreement; Amendment and Assignment. 

(a) This Agreement sets forth the entire understanding between the parties hereto with respect to the subject matter hereof and
supercedes any and all prior agreements and understandings concerning Executive’s employment by the Company, including that certain offer letter between the Company and Executive, dated as of September 15, 2005 and the Prior Agreement, and
cannot be changed, modified, extended or terminated except upon written amendment approved by the Board and executed on its behalf by a duly authorized officer and by Executive. 

(b) All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the
respective heirs, executors, administrators, legal representatives, successors and assigns of the parties hereto, except that the duties and responsibilities of Executive under this Agreement are of a personal nature and shall not be assignable or
delegable in whole or in part by Executive. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company,
within 15 days of such succession, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as the Company would be required to perform if no such succession had taken place. 

14. Severability. If any provision of this Agreement or application thereof to anyone or under any circumstances is adjudicated to be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given effect without the invalid or unenforceable provision or application and shall not
invalidate or render unenforceable such provision or application in any other jurisdiction. If any provision is held void, invalid or unenforceable with respect to particular circumstances, it shall nevertheless remain in full force and effect in
all other circumstances. 
 15. Remedies Cumulative; No Waiver. No remedy conferred upon a party by this Agreement is intended to be
exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given under this Agreement or now or hereafter existing at law or in equity. No delay or omission by a party in exercising
any right, remedy or power under this Agreement or existing at law or in equity shall be construed as 
  

 12 

 
a waiver thereof, and any such right, remedy or power may be exercised by such party from time to time and as often as may be deemed expedient or necessary by such party in its sole discretion.

 16. Withholding. All payments under this Agreement shall be made subject to applicable tax withholding, and the Company shall withhold
from any payments under this Agreement all federal, state and local taxes as the Company is required to withhold pursuant to any law or governmental rule or regulation. Executive shall bear all expense of, and be solely responsible for, all federal,
state and local taxes due with respect to any payment received under this Agreement. 
 17. Miscellaneous. This Agreement may be executed
in counterparts, each of which is an original. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 

18. Governing Law. This Agreement shall be governed by and interpreted under the laws of the Commonwealth of Pennsylvania without giving effect to
any conflict of laws provisions or canons of construction that construe agreements against the draftsperson. 
  

 13 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this
Agreement as of the date first above written. 
  

			
	AUXILIUM PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Armando Anido

	Name:	 	Armando Anido
	Title:	 	Chief Executive Officer and President
	
	EXECUTIVE
	
	 /s/ Benjamin J. Del Tito, Jr.

	BENJAMIN J. DEL TITO, JR., PH.D.

  

 14Employment Agreement

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the
28th day of September, 2009, between and among MAGELLAN
PETROLEUM CORPORATION, a Delaware corporation (“Magellan”) (“the Company”) and Susan M. Filipos, an individual residing at 546 Elmwood Road, Pownal, Maine 04069 (the “Employee”). 

W I T N E S S E T H 

WHEREAS, the Employee will commence employment with the Company and will serve as the Company’s Controller, effective as of
October 1, 2009 (the “Effective Date”); and 
 WHEREAS, the Employee has been advised by the Company that
Employee’s execution and delivery of this Agreement is a condition of employment with the Company; and 
 WHEREAS, in
exchange for employment with the Company, the Employee is willing to enter into this Agreement with the Company; and 
 WHEREAS,
the Employee and the Company (the “Parties”) have determined it in their best interests to enter into this Agreement; and 

WHEREAS, the Parties will be entering into a non-qualified stock option award agreement (the “Option Agreement”) dated as of
the Effective Date; 
 NOW, THEREFORE, in consideration of the foregoing, the Company and the Employee covenant and agree as
follows: 
 1. Employment. 

1.1 Employment. The Company hereby agrees, as of the Effective Date, to employ the Employee, and the Employee hereby accepts
employment with the Company in the positions described below in Section 2.1, in accordance with the terms and provisions of this Agreement. 

1.2 At-Will Status. The Company hereby shall employ the Employee as an at-will employee. As such, the Employee’s employment
shall be at the will of either party. The Company may terminate this Agreement and the Employee’s employment, at any time for any reason, either with or without Cause (as defined herein), and either with or without prior notice. Similarly, the
Employee may terminate this Agreement and the Employee’s employment, at any time for any reason, either with or without cause, and either with or without prior notice. In the event the Company elects to terminate this Agreement by oral notice,
termination shall be effective immediately upon the conveyance of such oral notice, and in the event the Company elects to terminate this Agreement by written notice, termination shall be effective as provided in Section 14.3 hereof, unless a
later effective date is specified in the oral or written notice. In the event the Employee elects to terminate this Agreement, either by oral or written notice, and such termination is not effective immediately, the Employee’s right to continue
to render services and to be paid regular compensation through the effective date of termination specified in the Employee’s notice shall be at the sole discretion of the Company, and the Company reserves the right to establish an earlier
termination date in its sole discretion. 

 1.3 Termination Benefits. Upon termination of Employee’s employment with the
Company for any reason, the obligations of Company under this Agreement shall cease and Employee shall forfeit all right to receive any compensation or other benefits under this Agreement, except the amounts specified in Sections 6, 7 or 8 of this
Agreement, if any. 
 2. Duties. 

2.1 Office. As of the Effective Date, the Employee will assume the position of Controller of the Company, shall report directly to
the Company’s Chief Financial Officer (“CFO”) and shall have such duties as are appropriate to her positions with the Company, and will have such authority as required to enable the Employee to perform these duties. Consistent with
the foregoing, the Employee shall comply with all reasonable instructions of the CFO and the Company’s President and Chief Executive Officer (“CEO”). It is the intention of the Parties that the Employee will devote all of her business
time and attention and best efforts to the affairs of the Company and its subsidiaries and her duties. Nothing in this Agreement shall prevent the Employee from (i) participating in charitable, civic, educational, professional, community or
industry affairs or, with prior written approval of the Board, serving on the board of directors or advisory boards of other companies; and (ii) managing the Employee’s and the Employee’s family’s personal investments so long as
such activities do not materially interfere with the performance of the Employee’s duties hereunder or create a potential business conflict or the appearance thereof. 

2.2 Office Location. The Employee shall be based at the Company’s office located in Portland, Maine, for purposes of the
Employee’s performance of services hereunder. The Employee shall be available to travel to the Company’s offices or other business facilities in the United Kingdom and in Australia from time to time, up to four (4) times each year.

 3. Compensation and Benefits. 

3.1 Salary. The Company shall pay the Employee a base salary at an initial annual rate of One Hundred Thousand
Dollars ($100,000). Beginning October 1, 2011 and effective each
October 1st thereafter, the Employee’s salary
shall be increased by a percentage amount equal to the percentage increase in the Bureau of Labor Statistics’ announced Consumer Price Index for All Urban Consumers, All Items (the “CPI-U”), unadjusted, for the 12-month period ending
December 31st of the calendar year immediately
preceding the October 1st on which such salary
increase is scheduled to take effect. The Company’s CFO shall conduct an annual performance evaluation of the Employee and may recommend that the Board, in its sole and absolute discretion, increase the Employee’s base salary in light of
the Employee’s performance, inflation, changes in the cost of living and other factors deemed relevant by the Company. The Employee’s base salary shall be paid in U.S. dollars ($) by means of wire transfers to a U.S. account
designated by the Employee, in accordance with the Company’s standard pay practices, but not less frequently than monthly. 
  

 -2- 

 3.2 Equity Awards. 

(a) On the Effective Date, the Employee will be granted by the Board a non-qualified stock option (the “Stock Options”) under
the Company’s 1998 Stock Incentive Plan, as amended to date (the “Stock Incentive Plan”), which Stock Options will entitle the Employee to purchase an aggregate of one hundred and fifty thousand (150,000) shares of common stock
of the Company, par value $.01 per share (the “Common Stock”), at an exercise price per share of not less than the “fair market value” of a share of Common Stock at the time of grant, as determined in accordance with the terms of
the Stock Incentive Plan. The terms and conditions of the Stock Options are set forth in the Option Agreement, the form and content of which is substantially similar to the option agreements evidencing other awards made under the Stock Incentive
Plan. 
 (b) Future awards of equity under the Incentive Plan (or any successor plan), if any, shall only be made by the Board
in its sole discretion, after receipt of a recommendation by the Compensation Committee. 
 3.3 Benefit Programs. The
Employee shall be entitled to participate on substantially the same terms as other members of senior management of the Company in all employee benefit plans and programs of the Company (other than any severance plan, program or policy), subject to
any restrictions or eligibility requirements under such plans and programs, from time to time in effect for the benefit of senior management of the Company, including, but not limited to, retirement plans, profit sharing plans, group life insurance,
hospitalization and surgical and major medical coverages, short-term and long-term disability. 
 3.4 Vacations and
Holidays. The Employee shall be entitled to vacation leave of four (4) weeks per year at full pay or such greater vacation benefits as may be provided for by the Company’s vacation policies applicable to senior management. The Employee
shall be entitled to such holidays as are established by the Company for all employees. 
 3.5 Computer Equipment; Parking
Space. The Company shall, at its sole cost and expense, provide the Employee with a computer laptop and a blackberry (or similar device) with foreign service capability, for her use while serving as the Company’s Controller. The Company
shall provide a parking space for the Employee’s use at or nearby the main office location of the Company offices in Portland, Maine. 

3.6 Insurance Coverage. For a period of eighteen (18) months following the commencement of the Employee’s employment by
the Company, the Company shall reimburse the Employee’s COBRA payments, up to a maximum of $1,121 per month. Thereafter, the Company shall reimburse the Employee a maximum of $13,000 per year for family health insurance coverage, which shall
consist of medical, prescription and dental benefits, provided however, that the reimbursements provided for in this sentence shall cease at such time as the Employee becomes a participant in the health insurance plan available to all
of the Company’s employees. Reimbursements under this Section 3.6 shall be made monthly, but in any event no later than the end of the year following the year in which such expenses were incurred by Employee. The expenses eligible for
reimbursement during Employee’s taxable year may not affect the expenses eligible for reimbursement in any other year, and the right to reimbursement is not subject to liquidation or exchange for another benefit. 

 

 -3- 

 4. Business Expenses. The Employee shall be entitled to prompt reimbursement for all reasonable,
documented and necessary expenses incurred by the Employee in performing her services hereunder in accordance with the policies of the Company, provided that the Employee properly accounts therefor in accordance with the policies and procedures
established by the Company. 
 5. Separation from Service. No termination of employment shall be deemed to have occurred under this
Agreement unless there has been a “Separation from Service” as defined under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the term “termination of employment” and the like shall
be construed to mean “Separation from Service” as so defined. 
 6. Terminations of Employment by the Company. 

6.1 Termination by the Company Other Than For Disability or Cause. 

(a) The Company may terminate the Employee’s employment at any time for any reason other than (i) by reason of the
Employee’s Disability (as defined in Section 6.2) or (ii) for Cause (as defined in Section 6.3), by giving the Employee notice of termination in the manner specified in Section 1.2 above. 

(b) In the event of such a termination of employment by the Company without Cause or by reason of the Employee’s Disability, then
the Company shall pay to the Employee each of the following amounts: 
 (i) her base salary pursuant to Section 3.1 through
the date of such termination of employment, plus her base salary for the period of any vacation time earned but not taken for the year of termination of employment; 

(ii) any other compensation and benefits to the extent actually earned by the Employee under any other benefit plan or program of the
Company as of the date of such termination of employment, such compensation and benefits to be paid at the normal time for payment of such compensation and benefits to the extent not previously paid; 

(iii) any reimbursement amounts owing under Section 3.6 or 4 hereof; and 

(iv) a severance amount equal to one year’s base salary, based upon the Employee’s then-current base salary without further
increase. The amount of the severance benefit shall be paid to the Employee as follows: 
 (A) a payment of
Fifty Thousand Dollars ($50,000) (the “Initial Severance Payment”) shall be made to the Employee on the first
(1st) date of the calendar month following the
Employee’s Separation from Service. 
  

 -4- 

 (B) The remaining Fifty Thousand Dollars ($50,000) (the “Remaining Payment”) shall
be divided into six (6) equal amounts and paid to the Employee in installments on the first day of each the six (6) succeeding months following the date on which the Company makes the Initial Severance Payment. 

(C) Notwithstanding the foregoing, if the Employee is a “specified employee” of the Company at the time of
her Separation from Service, the Initial Severance Payment shall be made on the first date of the seventh
(7th) month following the Employee’s Separation
from Service, and the Remaining Payments shall be made pursuant to subparagraph (B) above, beginning with the eighth
(8th) month following the Employee’s Separation
from Service. The term “specified employee” as used herein shall have the meaning given to such term in Section 409A of the Code and the applicable regulations issued thereunder. 

6.2 Termination Due to Disability. 

(a) If the Employee incurs a Disability, as defined in Section 6.2(b), the Company may terminate the Employee’s employment by
giving the Employee notice in the manner specified in Section 1.2 hereof. In the event of such termination of the Employee’s employment because of Disability, the Employee shall be entitled to receive (i) her base salary pursuant to
Section 3.1 through the date of such termination of employment, plus her base salary for the period of any vacation time earned but not taken for the year of termination of employment; (ii) any other compensation and benefits to the extent
actually earned by the Employee under any other benefit plan or program of the Company as of the date of such termination of employment, such compensation and benefits to be paid at the normal time for payment of such compensation and benefits to
the extent not previously paid, and (iii) any reimbursement amounts owing under Section 3.6 or 4 hereof. 
 (b) For
purposes of this Agreement, the Employee shall be considered to have incurred a “Disability” if and only if the Employee shall be unable to perform the duties of her employment with the Company for an aggregate period of more than 90 days
in a consecutive period of 52 weeks as a result of incapacity due to mental or physical illness or impairment (other than as a result of addiction to alcohol or any drug) as determined by a physician selected by the Company or its insurers and
acceptable to the Employee or her legal representative. 
 6.3 Termination for Cause. 

(a) The Company may terminate the Employee’s employment immediately for Cause for any of the following reasons: (i) an act or
acts of dishonesty or fraud by the Employee relating to the performance of her services to the Company; (ii) a breach by the Employee of her duties or responsibilities under this Agreement resulting in significant demonstrable injury to the
Company or any of its subsidiaries; (iii) the Employee’s conviction of a felony or any crime involving moral turpitude; (iv) the Employee’s material failure (for reasons other than death or Disability) to perform her duties under
this Agreement or insubordination (defined as refusal to execute or carry out lawful directions from the Board or its duly appointed designees) where the Employee has been given written notice of the acts or omissions constituting such failure or
insubordination and the Employee has failed to cure such conduct, where susceptible to cure, within twenty days following such notice; or (v) a breach by the Employee of any provision of any material policy of the Company where the Employee has
been given written notice of breach and the Employee has failed to cure such conduct, where susceptible to cure, within twenty days following such notice; (vi) or any of her obligations under Section 12 of this Agreement. 

 

 -5- 

 (b) The Company shall exercise its right to terminate the Employee’s employment for
Cause by giving the Employee written notice of termination specifying in reasonable detail the circumstances constituting such Cause. In the event of such termination of the Employee’s employment for Cause, the Employee shall be entitled to
receive only (i) her base salary pursuant to Section 3.1 earned through the date of such termination of employment plus her base salary for the period of any vacation time earned but not taken for the year of termination of employment,
such base salary to be paid in a lump sum no later than the next payroll date following the Employee’s date of termination to the extent not previously paid; (ii) any other compensation and benefits to the extent actually earned by the
Employee under any other benefit plan or program of the Company as of the date of such termination of employment, such compensation and benefits to be paid at the normal time for payment of such compensation and benefits to the extent not previously
paid; and (iii) any reimbursement amounts owing under Section 3.6 or 4 hereof. 
 7. Voluntary Termination of Employment by the
Employee. The Employee may terminate her employment at any time and for any reason, by giving the Company notice in the manner specified in Section 1.2 above. In the event of the Employee’s termination of her employment pursuant to
this Section 7, the Employee shall be entitled to receive only: (i) her base salary pursuant to Section 3.1 earned through the date of such termination of employment plus her base salary for the period of vacation time earned but not
taken for the year of termination of employment, such base salary to be paid in a lump sum no later than the next payroll date following the Employee’s date of termination to the extent not previously paid; (ii) any other compensation and
benefits to the extent actually earned by the Employee under any other benefit plan or program of the Company as of the date of such termination of employment, such compensation and benefits to be paid at the normal time for payment of such
compensation and benefits to the extent not previously paid; and (iii) any reimbursement amounts owing under Section 3.6 or 4 hereof. 

8. Termination of Employment By Death. 

(a) In the event of the death of the Employee during the course of her employment hereunder, the Employee’s estate (or other person
or entity having such entitlement pursuant to the terms of the applicable plan or program) shall be entitled to receive: (i) the Employee’s base salary pursuant to Section 3.1 hereof earned through the date of the Employee’s
death plus the Employee’s base salary for the period of vacation time earned but not taken for the year of the Employee’s death, such base salary to be paid in a lump sum no later than the next payroll date following the Employee’s
date of termination to the extent not previously paid; (ii) any other compensation and benefits to the extent actually earned by the Employee under any other benefit plan or program of the Company as of the date of such termination of
employment, such compensation and benefits to be paid at the normal time for payment of such compensation and benefits to the extent not previously paid; and (iii) any reimbursement amounts owing under Section 3.6 or 4 hereof. 

 

 -6- 

 (b) In addition, in the event of such death, the Employee’s beneficiaries shall receive
any death benefits owed to them under the Company’s employee benefit plans. 
 9. Conditions to Payment of Severance Benefits. The
Company’s obligation to pay to the Employee the Remaining Payments described in Section 6.1(b)(iv)(B) hereof shall be subject to (i) the Employee’s compliance with the provisions of Section 12 hereof; (ii) delivery to
the Company of the Employee’s resignations from all officer, directorships and fiduciary positions, if any, with the Company and its employee benefit plans; and (iii) the Employee’s execution and delivery to the Company without
revocation of a valid Termination, Voluntary Release and Waiver of Rights Agreement, in substantially the form attached to this Agreement as Exhibit A (the “Release”). 

10. Entitlement to Other Benefits, Plans or Awards. Except as otherwise provided in this Agreement, this Agreement shall not be construed as
limiting in any way any rights or benefits that the Employee or her spouse, dependents or beneficiaries may have pursuant to any other employee benefit plan or program of the Company. All benefits, including, without limitation, stock options, stock
appreciation rights, restricted stock units and other awards under the Company’s benefits, plans or programs, shall be subject to the terms and conditions of the plan or arrangement under which such benefits accrue, are granted or are awarded.
In addition, nothing herein shall be construed to prevent the Company from amending, altering, eliminating or reducing any benefits, plans or programs so long as the Employee continues to receive compensation and benefits consistent with those
described in Section 3 hereof. 
 11. [Intentionally omitted] 

12. Employee’s Obligations. 

(a) Confidentiality. The Employee agrees that she shall not, directly or indirectly, use, make available, sell, disclose or
otherwise communicate to any person, other than in the course of the Employee’s employment and for the benefit of the Company, either during the period of the Employee’s employment or at any time thereafter, any nonpublic, proprietary or
confidential information, knowledge or data relating to the Company, any of its subsidiaries, affiliated companies or businesses, which shall have been obtained by the Employee during the Employee’s employment by the Company. The foregoing
shall not apply to information that (i) was known to the public prior to its disclosure to the Employee; (ii) becomes known to the public subsequent to disclosure to the Employee through no wrongful act of the Employee or any
representative of the Employee; or (iii) the Employee is required to disclose by applicable law, regulation or legal process (provided that the Employee provides the Company with prior notice of the contemplated disclosure and reasonably
cooperates with the Company at its expense in seeking a protective order or other appropriate protection of such information). Notwithstanding clauses (i) and (ii) of the preceding sentence, the Employee’s obligation to maintain such
disclosed information in confidence shall not terminate where only portions of the information are in the public domain. 
  

 -7- 

 (b) Non-Solicitation. In the event that the Employee receives payment of the
severance benefits described in Section 6.1 hereof, the Employee agrees that for the two (2) year period following the date of termination hereof the Employee will not, directly or indirectly, individually or on behalf of any other person,
firm, corporation or other entity, knowingly solicit, aid or induce any managerial level employee of the Company or any of its subsidiaries or affiliates to leave such employment in order to accept employment with or render services to or with any
other person, firm, corporation or other entity unaffiliated with the Company or knowingly take any action to materially assist or aid any other person, firm, corporation or other entity in identifying or hiring any such employee (provided, that the
foregoing shall not be violated by general advertising not targeted at Company employees nor by serving as a reference for an employee with regard to an entity with which the Employee is not affiliated). For the avoidance of doubt, if a managerial
level employee on her or her own initiative contacts the Employee for the primary purpose of securing alternative employment, any action taken by the Employee thereafter shall not be deemed a breach of this Section 12(b). 

(c) Non-Competition. The Employee acknowledges that the Employee performs services of a unique nature for the Company that are
irreplaceable, and that the Employee’s performance of such services to a competing business will result in irreparable harm to the Company. Accordingly, in the event that the Employee receives severance benefits under Section 6.1 hereof,
the Employee agrees that for a period of two (2) years following the date of termination, the Employee will not, directly or indirectly, become connected with, promote the interest of, or engage in any other business or activity competing with
the business of the Company within the geographical area in which the business of the Company is conducted. The Employee specifically acknowledges that the geographic area to which the covenants contained in this Section 12(c) shall apply
everywhere in the world where the Company or its subsidiaries (i) own or otherwise hold oil, gas or other mineral resources or assets; (ii) are otherwise actively engaged in the business of extracting and selling oil, gas or other mineral
resources or assets, or (iii) have definitive plans for (i) or (ii) within the twelve (12) months following the date of the Employee’s termination of employment with the Company. 

(d) Non-Disparagement. Each of the Employee and the Company (for purposes of this Section 12(d), “the Company”
shall mean only (i) the Company and (ii) the executive officers and directors thereof and not any other employees) agrees not to make any public statements by press release or otherwise that disparage the other party, or in the case of the
Company, its subsidiaries, affiliates, officers, directors or business partners. Notwithstanding the foregoing, statements made in the course of sworn testimony in agency, administrative, judicial or arbitral proceedings (including, without
limitation, depositions in connection with such proceedings) or otherwise as required by law shall not be subject to this Section 12(d). 

(e) Return of Company Property and Records. The Employee agrees that upon termination of the Employee’s employment, for any
reason whatsoever, the Employee will surrender to the Company in good condition (reasonable wear and tear excepted) all property and equipment belonging to the Company and all records kept by the Employee containing the names, addresses or any other
information with regard to customers or customer contacts of the Company, or concerning any proprietary or confidential information of the Company or any operational, financial or other documents given to the Employee during the Employee’s
employment with the Company. 
  

 -8- 

 (f) Cooperation. The Employee agrees that, following termination of the
Employee’s employment for any reason, the Employee shall upon reasonable advance notice, and to the extent it does not interfere with previously scheduled travel plans and does not unreasonably interfere with other business activities or
employment obligations, assist and cooperate with the Company with regard to any matter or project in which the Employee was involved during the Employee’s employment, including any litigation. The Company shall compensate the Employee for any
lost wages (or, if the Employee is not then employed, provide reasonable compensation as determined by the Compensation Committee) and expenses associated with such cooperation and assistance. 

(g) Assignment of Inventions. The Employee shall promptly communicate and disclose in writing to the Company all inventions and
developments including software, whether patentable or not, as well as patents and patent applications (hereinafter collectively called “Inventions”), made, conceived, developed, or purchased by the Employee, or under which the Employee
acquires the right to grant licenses or to become licensed, alone or jointly with others, which have arisen or which arise out of the Employee’s employment with the Company, or relate to any matters directly pertaining to, the business of the
Company or any of its subsidiaries. Included herein as if developed during the employment period is any specialized equipment and software developed for use in the business of the Company. All of the Employee’s right, title and interest in, to,
and under all such Inventions, licenses, and right to grant licenses shall be the sole property of the Company. As to all such Inventions, the Employee will, upon request of the Company execute all documents which the Company deems necessary or
proper to enable it to establish title to such Inventions or other rights, and to enable it to file and prosecute applications for letters patent of the United States and any foreign country; and do all things (including the giving of evidence in
suits and other proceedings) which the Company deems necessary or proper to obtain, maintain, or assert patents for any and all such Inventions or to assert its rights in any Inventions not patented. 

(h) Equitable Relief; Reformation; Survival. The Parties acknowledge and agree that the other party’s remedies at law for a
breach or threatened breach of any of the provisions of this Section 12 would be inadequate and, in recognition of this fact, the Parties agree that, in the event of such a breach or threatened breach, in addition to any remedies at law, the
other party, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, a temporary or permanent injunction or any other equitable remedy which may then be available. If
it is determined by a court of competent jurisdiction in any state that any restriction in this Section 12 is excessive in duration or scope or is unreasonable or unenforceable under the laws of that state, it is the intention of the parties
that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law of that state. The obligations contained in this Section 12 shall survive the termination or expiration of the
Employee’s employment with the Company and shall be fully enforceable thereafter. 
  

 -9- 

 13. Alternative Dispute Resolution. Any controversy, dispute or questions arising out of, in
connection with or in relation to this Agreement or its interpretation, performance or nonperformance or any breach thereof shall be resolved through mediation. In the event mediation fails to resolve the dispute within 60 days after a mediator has
been agreed upon or such other longer period as may be agreed to by the parties, such controversy, dispute or question shall be settled by arbitration in accordance with the Center for Public Resources Rules for Non Administered Arbitration of
Business Disputes, by a sole arbitrator. The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. Sec. 1-16, and judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The
place of the arbitration shall be Portland, Maine. 
 14. General Provisions. 

14.1 No Duty to Seek Employment. The Employee shall not be under any duty or obligation to seek or accept other employment
following termination of employment, and no amount, payment or benefits due to the Employee hereunder shall be reduced or suspended if the Employee accepts subsequent employment, except as expressly set forth herein. 

14.2 Deductions and Withholding. All amounts payable or which become payable under any provision of this Agreement shall be
subject to any deductions authorized by the Employee and any deductions and withholdings required by applicable laws. 
 14.3
Notices. All notices, demands, requests, consents, approvals or other communications (collectively “Notices”) required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and
shall be delivered personally, sent by facsimile transmission with a copy deposited in the United States mail, registered or certified, return receipt requested, postage prepaid, or sent by overnight mail addressed as follows: 

 

			
	To the Company:	  	Magellan Petroleum Corporation
		  	10 Columbus Boulevard
		  	Hartford, CT 06106
		  	Attn: President and CEO
		  	Facsimile: (860) 293-2349
		
	With a copy to:	  	Edward B. Whittemore, Esq.
		  	Murtha Cullina LLP
		  	CityPlace I, 185 Asylum Street
		  	Hartford, CT 06103
		  	Facsimile: (860) 240-6150
		
	To the Employee:	  	Susan M. Filipos
		  	546 Elmwood Road
		  	Pownal, Maine 04069
		
	With a copy to:	  	 Richard G. Moon, Esq.

Verrill Dana, LLP
 One Portland Square

P.O. Box 586
 Portland, ME
04112-0586

		  	Facsimile: (207) 774-7499

  

 -10- 

 or such other address as such party shall have specified most recently by written notice. Notice mailed as
provided herein shall be deemed given when so delivered personally or sent by facsimile transmission, or, if sent by overnight mail, on the day after the date of mailing. 

14.4 Covenant to Notify Management. The Employee shall abide by the ethics policies of the Company as well as the Company’s
other rules, regulations, policies and procedures. The Employee agrees to comply in full with all governmental laws and regulations as well as ethics codes applicable. In the event that the Employee is aware or suspects the Company, or any of its
officers or agents, of violating any such laws, ethics, codes, rules, regulations, policies or procedures, the Employee agrees to bring all such actual and suspected violations to the attention of the Company immediately so that the matter may be
properly investigated and appropriate action taken. The Employee understands that the Employee is precluded from filing a complaint with any governmental agency or court having jurisdiction over wrongful conduct unless the Employee has first
notified the Company of the facts and permits it to investigate and correct the concerns. 
 14.5 Amendments and Waivers.
No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the Employee and the Company. No waiver by either Party hereto at any time of any breach by the
other Party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other Party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

 14.6 Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the
Company’s successors and assigns and (b) the Employee’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee shall die while any amounts are still
payable to her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Employee’s devisee, legatee, or other designee or, if there be no such designee, to the
Employee’s estate. 
 14.7 Successors. The Company shall require any successors (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform. 
 14.8 Assignment. This Agreement and the rights, duties, and obligations hereunder may not be
assigned or delegated by any Party without the prior written consent of the other Party and any attempted assignment or delegation without such prior written consent shall be void and be of no effect. Notwithstanding the foregoing provisions of this
Section 14.8, benefits payable pursuant to this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee, and any attempt
to alienate, transfer, assign or attach such benefits shall be void. Notwithstanding the foregoing provisions of this Section 14.8, the Company may assign or delegate its rights, duties and obligations hereunder to any affiliate or to any
person or entity which succeeds to all or substantially all of the business of the Company or one of its subsidiaries through merger, consolation, reorganization, or other business combination or by acquisition of all or substantially all of the
assets of the Company or one of its subsidiaries without the Employee’s consent. 
  

 -11- 

 14.9 Choice of Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Maine without regard to the conflicts of law provisions thereof. 
 14.10 Statute of
Limitations. The Employee and the Company hereby agree that there shall be an eighteen (18) month statute of limitations for the filing of any requests for arbitration or any lawsuit relating to this Agreement or the terms or conditions of
Employee’s employment by the Company. If such a claim is filed more than eighteen (18) months subsequent to the Employee’s last day of employment it shall be precluded by this provision, regardless of whether or not the claim has
accrued at that time. 
 14.11 Right to Injunctive and Equitable Relief. The Employee’s obligations under
Section 12 of this Agreement are of a special and unique character, which gives them a peculiar value. The Company cannot be reasonably or adequately compensated for damages in an action at law in the event the Employee breaches such
obligations. Therefore, the Employee expressly agrees that the Company shall be entitled to injunctive and other equitable relief without bond or other security in the event of such breach in addition to any other rights or remedies which the
Company may possess or be entitled to pursue. Furthermore, the obligations of the Employee and the rights and remedies of the Company under Section 12 and this Section 14.11 are cumulative and in addition to, and not in lieu of, any
obligations, rights, or remedies as created by applicable law. In the event that the Company is not successful in obtaining any injunctive and/or equitable relief it seeks, the Employee shall be entitled to payment or reimbursement as appropriate of
the Employee’s reasonable attorney’s fees and costs incurred in opposing the Company’s claims. The Employee agrees that the terms of this Section 14.11 shall survive the term of this Agreement and the termination of the
Employee’s employment. 
 14.12 Severability or Partial Invalidity. The invalidity or unenforceability of any
provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

14.13 Entire Agreement. This Agreement, along with Exhibit A attached hereto, and the Option Agreement (Exhibit B),
constitute the entire agreement of the Parties and supersedes all prior written or oral and all contemporaneous oral agreements, understandings, and negotiations between the Parties with respect to the subject matter hereof and thereof. This
Agreement may not be changed orally and may only be modified in writing signed by both Parties. This Agreement, along with Exhibit A attached hereto and the Option Agreement, is intended by the Parties as the final expression of their
agreement with respect to such terms as are included herein and therein and may not be contradicted by evidence of any prior or contemporaneous agreement. The Parties further intend that this Agreement, along with Exhibit A attached hereto
and the Option Agreement, constitutes the complete and exclusive statement of their terms and that no extrinsic evidence may be introduced in any judicial proceeding involving such agreements. 

 

 -12- 

 14.14 Code Section 409A. This Agreement is intended to comply with the
provisions of Section 409A of the Code. The Parties intend that the benefits and payments provided under this Agreement shall be exempt from, or comply with, the requirements of Section 409A of the Code. Notwithstanding the foregoing,
the Company shall in no event be obligated to indemnify the Employee for any taxes or interest that may be assessed by the IRS pursuant to Section 409A of the Code. 

14.15 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed
an original but all of which together shall constitute one and the same instrument. 
 * * * * * * 

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer and the Employee has hereunto set
her hand as of the day and year first above written. 
  

					
	MAGELLAN PETROLEUM CORPORATION
		
	By:	 	 /s/ Daniel J. Samela

		 	Name:	 	Daniel J. Samela
		 	Title:	 	Chief Financial Officer

  

	
	EMPLOYEE
	
	 /s/ Susan M. Filipos

	Susan M. Filipos

  

 -13- 

 EXHIBIT A 

TERMINATION, VOLUNTARY RELEASE AND WAIVER OF RIGHTS AGREEMENT 

I, Susan M. Filipos, freely enter into this Termination, Voluntary Release and Waiver of Rights Agreement (the “Agreement”),
unqualifiedly accept and agree to the relinquishment of my title, responsibilities and obligations as an employee of Magellan Petroleum Corporation (“the Company”), and concurrently and unconditionally agree to sever my relationship as an
employee of the Company, in consideration for the voluntary payment to me by the Company of the termination benefits set forth in Section 6.1(b)(iv)(B) of the Employment Agreement dated as of September 28, 2009 by and between me and the
Company (the “Employment Agreement”), which is made a part hereof. 
 1. In exchange for this consideration, which I understand that
the Company is not otherwise obligated to provide to me, I voluntarily agree to waive and forego any and all claims, rights, interests, covenants, contracts, warranties, promises, undertakings, actions, suits, causes of action, obligations, debts,
attorneys’ fees or other expenses, accounts, judgments, fines, fees, losses and liabilities, of any kind, nature or description, in law (including all contract and tort claims), equity or otherwise (collectively, “Claims”) that I may
have against the Company as an employee of the Company beyond the rights set forth in the Employment Agreement and to release the Company and their respective affiliates, subsidiaries, officers, directors, employees, representatives, agents,
successors and assigns (hereinafter collectively referred to as “Releasees”) from any obligations any of them may owe to me in my capacity as an employee of the Company except as set forth in my Employment Agreement (and specifically not
as a shareholder or director), accepting the aforestated consideration as full settlement of any monies or obligations owed to me by Releasees that may have arisen at any time prior to the date of my execution of this Termination, Voluntary Release
and Waiver of Rights Agreement (the “Agreement”), except as specifically provided below in the following paragraph number 2. 
 2. I
do not waive, nor has the Company asked me to waive, any rights arising exclusively under the Fair Labor Standards Act, except as such waiver may henceforth be made in a manner provided by law. I do not waive, nor has the Company asked me to waive,
any vested benefits that I may have or that I may have derived from the course of my employment with the Company. I understand that such vested benefits will be subject to and administered in accordance with the established and usual terms governing
same. I do not waive any rights which may in the future, after the execution of this Agreement, arise exclusively from a substantial breach by the Company of a material obligation of the Company expressly undertaken in consideration of my entering
into this Agreement. 
  

 A-1 

 3. Except as set forth in paragraphs 2 and 9 hereof, I do fully, irrevocably and forever waive, relinquish
and agree to forego any and all Claims whatsoever, whether known or unknown, in contract, tort or otherwise, that I may have or may hereafter have against the Releasees or any of them arising out of or by reason of any cause, matter or thing
whatsoever arising out of my employment by the Company (other than as set forth in my Employment Agreement) from the beginning of the world to the date hereof, including without limitation any and all matters relating to my employment with the
Company and the cessation thereof and all matters arising under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000 et seq., the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq., the
Family and Medical Leave Act of 1993, 29 U.S.C. § 2601 et seq., the Age Discrimination in Employment Act of 1967, 29 U.S.C. § 621 et seq., the Employee Retirement Income Security Act of 1974, 29 U.S.C. §
1001 et seq., all as amended, or under any other laws, ordinances, executive orders, regulations or administrative or judicial case law arising under the statutory or common laws of the United States, the State of Texas or any other
applicable county or municipal ordinance. 
 4. As a material inducement to the Company to enter into this Agreement, I, the undersigned,
recognize that I may have been privy to certain confidential, proprietary and trade secret information of the Company which, if known to third parties, could be used in a manner that would reduce the value of the Company for its shareholders. In
order to reduce the risk of that happening, I, the undersigned, agree that for a period of two (2) years after termination of employment, I, the undersigned, will not, directly or indirectly, assist, or be part of or have any involvement in,
any effort to acquire control of the Company through the acquisition of its stock or substantially all of its assets, without the prior consent of the Board of Directors of the Company. This provision shall not prevent the undersigned from owning up
to not more than one percent (1%) of the outstanding publicly traded stock of any company. 
 5. Acknowledgements. 

(a) I further acknowledge pursuant to the Older Worker’s Benefit Protection Act (29 U.S.C. § 626(f)), I expressly agree that the
following statements are true: 
 (b) The payment of the consideration described in Section 9 of the Employment Agreement
is in addition to the standard employee benefits and anything else of value which the Company owes me in connection with my employment with the Company or the separation of employment. 

(c) I have [twenty-one days] days from [date of receipt] to consider and sign this agreement. If I choose to sign this Agreement before
the end of the [twenty-one] day period, that decision is completely voluntary and has not been forced on me by the Company. 

(d) I will have seven (7) days after signing the Agreement in which to revoke it, and the Agreement will not become effective or
enforceable until the end of those seven (7) days. 
 (e) I am now being advised in writing to consult an attorney before
signing this Agreement. 
 (f) I acknowledge that I have been given sufficient time to freely consult with an attorney or
counselor of my own choosing and that I knowingly and voluntarily execute this Agreement, after bargaining over the terms hereof, with knowledge of the consequences made clear, and with the genuine intent to release claims without threats, duress,
or coercion on the part of the Company. I do so understanding and acknowledging the significance of such waiver. 
  

 A-2 

 6. Further, in view of the above-referenced consideration voluntarily provided to me by the Company, after
due deliberation, I agree to waive any right to further litigation or claim against any or all of the Releasees except as specifically provided in paragraph number 2 above. I hereby agree to indemnify and hold harmless the Releasees and their
respective agents or representatives from and against any and all losses, costs, damages or expenses, including, without limitation, attorneys fees incurred by said parties, or any of them, arising out of any breach of this Agreement by me or by any
person acting on my behalf, or the fact that any representation made herein by the undersigned was false when made. 
 7. As a material
inducement to the Company to enter into this Agreement, I, the undersigned, understand and agree that if I should fail to comply with the conditions hereof or to carry out the agreement set forth herein, all amounts previously paid under
Section 6.1(b)(iv)(B) of the Employment Agreement shall be immediately forfeited to the Company and that the right or claim to further payments and/or benefits hereunder would likewise be forfeited. 

8. As a further material inducement to the Company to enter into this Agreement, the undersigned provides as follows: 

First. I represent that I have not filed any complaints or charges against the Company, or any of the Releasees relating to the
relinquishment of my former titles and responsibilities at the Company or the terms of my employment with the Company and that if any agency or court assumes jurisdiction of any complaint or charge against the Company or any of the Releasees on
behalf of me concerning my employment with the Company, I understand and agrees that I have, by my knowing and willing execution of this Agreement, waived my rights to any form of recovery or relief against the Company, or any of the Releasees,
including but not limited to, attorney’s fees; provided, however, that this provision shall not preclude the undersigned from pursuing appropriate legal relief against the Company for redress of a substantial breach of a material
obligation of the Company expressly undertaken in consideration of my entering into this Agreement. 
 Second. I
acknowledge and understand that the consideration for this release shall not be in any way construed as an admission by the Company or any of the Releasees of any improper acts or any improper employment decisions, and that the Company, specifically
disclaims any liability on the part of itself, the Releasees, and their respective agents, employees, representatives, successors or assigns in this regard. 

Third. I acknowledge and agree that this Agreement shall be binding upon me, upon the Company, and upon our respective
administrators, representatives, executives, successors, heirs and assigns and shall inure to the benefit of said parties and each of them. 

Fourth. I represent, understand and agree that this Agreement sets forth the entire agreement between the parties hereto, and
fully supersedes any and all prior agreements or understandings between the parties pertaining to the subject matter hereof, except for the provisions of Section 15 of the Agreement, the terms of which retain their full force and effect, and
which are in no way limited or curtailed by this Agreement. 
 Fifth. Modification. This Agreement may not be
altered or changed except by an agreement in writing that has been properly executed by the party against whom any waiver, change, modification or discharge is sought. 
  

 A-3 

 Sixth. Severability. All provisions and terms of this Agreement are severable.
The invalidity or unenforceability of any particular provision(s) or term(s) of this Agreement shall not affect the validity or enforceability of the other provisions and such other provisions shall be enforceable in law or equity in all respects as
if such particular invalid or unenforceable provision(s) or term(s) were omitted. Notwithstanding the foregoing, the language of all parts of this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not
strictly for or against any of the parties. 
 Seventh. No Disparagement. I agree and promise that I will not make
any oral or written statements or reveal any information to any person, company, or agency which is disparaging or damaging to the reputation or business of the Company, its subsidiaries, directors, officers or affiliates, or which would interfere
in any way with the business relations between the Company or any of its subsidiaries or affiliates and any of their customers, suppliers or vendors whether present or in the future; provided however, that statements made in the course of
sworn testimony in agency, administrative, judicial or arbitral proceedings (including, without limitation, depositions in connection with such proceedings) or otherwise as required by law shall not be subject to this section Seventh, 

Eighth. Confidentiality. The Company and the undersigned agree to refrain from disclosing to third parties and to keep
strictly confidential all details of this Agreement and any and all information relating to its negotiation, except as necessary to each party’s accountants or attorneys. 

Ninth. Termination of Agreement. Notwithstanding anything to the contrary in this Agreement, this Agreement may be
terminated by the Company and all further payment obligations of the Company under Section 6.1(b)(iv)(B) of the Employment Agreement shall cease, if: (a) the undersigned is terminated for “Cause” prior to the undersigned’s
separation date; or (b) facts are discovered after the undersigned’s separation date that would have supported a termination for “Cause” had such facts been discovered prior to the undersigned’s separation date. 

9. Notwithstanding anything herein to the contrary, this release shall not affect, release or terminate in any way the undersigned’s rights
(i) to receive payments under the Employment Agreement or (ii) under any option agreements and grants from the Company to the undersigned, or any agreement between the undersigned and the Company relating to the undersigned’s rights
as an owner of stock or options in the Company. 
  

 A-4 

 AFFIRMATION OF RELEASOR 

I, Susan M. Filipos, warrant that I am competent to execute this Termination, Voluntary Release and Waiver of Rights Agreement and that I
accept full responsibility thereof. 
 I, Susan M. Filipos, warrant that I have had the opportunity to consult with an attorney
of my choosing with respect to this matter and the consequences of my executing this Termination, Voluntary Release and Waiver of Rights Agreement. 

I, Susan M. Filipos, have read this Termination, Voluntary Release and Waiver of Rights Agreement carefully and I fully understand its
terms. I execute this document voluntarily with full and complete knowledge of its significance. 
 Executed this
     day of             , 20    
at                                        
. 
 STATE OF MAINE) 
  

							
		 	:	  	ss.                     	  	                 , 20    
	COUNTY OF                    	 	)	  		  	

 Subscribed and sworn to before me, a Notary Public in and for said County and State, this
     day of             , 20     under the pains and penalties of perjury. 

                      
                  , Notary Public 
 My Commission
Expires: 
 County of Residence: 
  

 A-5

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