Document:

Exhibit 10.14

 

INNOVATION
ECONOMY CORPORATION

 

LONG
- TERM INCENTIVE COMPENSATION PLAN

 

Amended and Restated July 14, 2011

 

ARTICLE
I

PURPOSE

 

Section
1.1 Purpose. This Long-Term Incentive Compensation Plan (the “Plan”) is established by Innovation Economy Corporation
(the “Company”), a Delaware corporation to create incentives which are designed to motivate Participants to put forth
maximum effort toward the success and growth of the Company and to enable the Company to attract and retain experienced individuals
who by their position, ability and diligence are able to make important contributions to the Company’s success (all capitalized
terms have the meanings set forth in Section 2 hereof). Toward these objectives, the Plan provides for the grant of Options, Restricted
Stock Awards, Stock Appreciation Rights (“SARs”), Performance Units and Performance Bonuses to Eligible Employees
and the grant of Nonqualified Stock Options, Restricted Stock Awards, SARs and Performance Units to Eligible Employees, Consultants,
Eligible Directors, and Affiliate Entities subject to the conditions set forth in the Plan.

 

Section
1.2 Establishment. The Plan is effective as of March 1, 2011 and for a period of ten years thereafter. The Plan shall continue
in effect until all matters relating to the payment of Awards and administration of the Plan have been settled.

 

Section
1.3 Shares Subject to the Plan. Subject to the limitations set forth in the Plan, Awards may be made under this Plan for a
total of 40,000,000 shares of the Company’s common stock, par value $.00001 per share (the “Common Stock”).

 

ARTICLE
II

DEFINITIONS

 

Section
2.1 “Account” means the recordkeeping account established by the Company to which will be credited an Award of
Performance Units to a Participant.

 

Section
2.2 “Affiliated Entity” means the Company’s parent company or any corporation, partnership, limited liability
company or other form of legal entity in which a majority of the partnership or other similar interest thereof is owned or controlled,
directly or indirectly, by the Company or one or more of its Subsidiaries or Affiliated Entities or a combination thereof. For
purposes hereof, the Company, a Subsidiary or an Affiliated Entity shall be deemed to have a majority ownership interest in a
partnership or limited liability company if the Company, such Subsidiary or Affiliated Entity shall be allocated a majority of
partnership or limited liability company gains or losses or shall be or control a managing director or a general partner of such
partnership or limited liability company.

 

Section
2.3 “Award” means, individually or collectively, any Option, Restricted Stock Award, SAR, Performance Unit or
Performance Bonus granted under the Plan to an Eligible Employee by the Board or any Nonqualified Stock Option, Performance Unit
SAR or Restricted Stock Award granted under the Plan to a Consultant or an Eligible Director by the Board pursuant to such terms,
conditions, restrictions, and/or limitations, if any, as the Board may establish by the Award Agreement or otherwise.

 

    	 

    	 

    

 

Section
2.4 “Award Agreement” means any written instrument that establishes the terms, conditions, restrictions, and/or
limitations applicable to an Award in addition to those established by this Plan and by the Board’s exercise of its administrative
powers.

 

Section
2.5 “Board” means the Board of Directors of the Company and, if the Board has appointed a Committee as provided
in Section 3.1, the term “Board” shall include such Committee.

 

Section
2.6 Intentionally deleted

 

Section
2.7 “Code” means the Internal Revenue Code of 1986, as amended. References in the Plan to any section of the Code
shall be deemed to include any amendments or successor provisions to such section and any regulations under such section.

 

Section
2.8 “Committee” means the Committee appointed by the Board as provided in Section 3.1.

 

Section
2.9 “Common Stock” means the common stock, par value $.00001 per share, of the Company, and after substitution,
such other stock as shall be substituted therefore as provided in Article X.

 

Section
2.10 “Consultant” means any person who is engaged by the Company, a Subsidiary or an Affiliated Entity to render
consulting or advisory services.

 

Section
2.11 “Date of Grant” means the date on which the grant of an Award is authorized by the Board or such later date
as may be specified by the Board in such authorization.

 

Section
2.12 “Disability” means the Participant is unable to continue employment by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months. For purposes of this Plan, the determination of Disability shall be made in the sole and absolute discretion
of the Board.

 

Section
2.13 “Eligible Employee” means any employee of the Company, a Subsidiary, or an Affiliated Entity as approved
by the Board.

 

Section
2.14 “Eligible Director” means any member of the Board who is not an employee of the Company, a Subsidiary or
an Affiliated Entity.

 

Section
2.15 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

Section
2.16 “Fair Market Value” means (A) during such time as the Common Stock is registered under Section 12 of the
Exchange Act, the closing price of the Common Stock as reported by an established stock exchange or automated quotation system
on the day for which such value is to be determined, or, if no sale of the Common Stock shall have been made on any such stock
exchange or automated quotation system that day, on the next preceding day on which there was a sale of such Common Stock, or
(B) during any such time as the Common Stock is not listed upon an established stock exchange or automated quotation system, the
mean between dealer “bid” and “ask” prices of the Common Stock in the over-the-counter market on the day
for which such value is to be determined, as reported by the National Association of Securities Dealers, Inc., or (C) during any
such time as the Common Stock cannot be valued pursuant to (A) or (B) above, the fair market value shall be as determined by the
Board using the information that is available to it at the time.

 

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Section
2.17 Intentionally Omitted.

 

Section
2.18 “Nonqualified Stock Option” means an Option which is not an Incentive Stock Option.

 

Section
2.19 “Option” means an Award granted under Article V of the Plan and includes Nonqualified Stock Options to purchase
shares of Common Stock.

 

Section
2.20 “Participant” means an Eligible Employee, an Eligible Consultant or an Eligible Director to whom an Award
has been granted by the Board under the Plan.

 

Section
2.21 “Performance Bonus” means the cash bonus which may be granted to Eligible Employees under Article IX of the
Plan.

 

Section
2.22 “Performance Units” means those monetary units that may be granted to Eligible Employees, Consultants or
Eligible Directors pursuant to Article VIII hereof.

 

Section
2.23 “Plan” means the Company’s Long-Term Incentive Compensation Plan.

 

Section
2.24 “Restricted Stock Award” means an Award granted to an Eligible Employee, Consultant or Eligible Director
under Article VI of the Plan.

 

Section
2.25 “Retirement” means the termination of an Eligible Employee’s employment with the Company, a Subsidiary
or an Affiliated Entity on or after attaining age 65.

 

Section
2.26 “SAR” means a stock appreciation right granted to an Eligible Employee, Consultant or Eligible Director under
Article VII of the Plan.

 

Section
2.27 “Subsidiary” shall have the same meaning set forth in Section 424 of the Code.

 

ARTICLE
III 

ADMINISTRATION

 

Section
3.1 Administration of the Plan by the Board. The Board shall administer the Plan. The Board may, by resolution, appoint the
Compensation Committee to administer the Plan and delegate its powers described under this Section 3.1 and otherwise under the
Plan for purposes of Awards granted to Eligible Employees and Consultants.

 

Subject
to the provisions of the Plan, the Board shall have exclusive power to:

 

(a)Select
Eligible Employees and Consultants to participate in the Plan.

 

(b)Determine
the time or times when Awards will be made to Eligible Employees or Consultants.

 

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(c)Determine
the form of an Award, whether Nonqualified Stock Option, Restricted Stock Award, SAR, Performance Unit, or Performance Bonus,
the number of shares of Common Stock or Performance Units subject to the Award, the amount and all the terms, conditions (including
performance requirements), restrictions and/or limitations, if any, of an Award, including the time and conditions of exercise
or vesting, and the terms of any Award Agreement, which may include the waiver or amendment of prior terms and conditions or acceleration
or early vesting or payment of an Award under certain circumstances determined by the Board.

 

(d)Determine
whether Awards will be granted singly or in combination.

 

(e)Accelerate
the vesting, exercise or payment of an Award or the performance period of an Award.

 

(f)Determine
whether and to what extent a Performance Bonus may be deferred, either automatically or at the election of the Participant or
the Board.

 

(g)Take
any and all other action it deems necessary or advisable for the proper operation or administration of the Plan.

 

Section
3.2 Administration of Grants to Eligible Directors. The Board shall have the exclusive power to select Eligible Directors
to participate in the Plan and to determine the number of Nonqualified Stock Options, Performance Units, SARs or shares of Restricted
Stock awarded to Eligible Directors selected for participation. If the Board appoints a committee to administer the Plan, it may
delegate to the committee administration of all other aspects of the Awards made to Eligible Directors.

 

Section
3.3 Board to Make Rules and Interpret Plan. The Board in its sole discretion shall have the authority, subject to the provisions
of the Plan, to establish, adopt, or revise such rules and regulations and to make all such determinations relating to the Plan,
as it may deem necessary or advisable for the administration of the Plan. The Board’s interpretation of the Plan or any
Awards and all decisions and determinations by the Board with respect to the Plan shall be final, binding, and conclusive on all
parties.

 

Section
3.4 Section 162(m) Provisions. The Company intends for the Plan and the Awards made there under to qualify for the exception
from Section 162(m) of the Code for “qualified performance based compensation” if it is determined by the Board that
such qualification is necessary for an Award. Accordingly, the Board shall make determinations as to performance targets and all
other applicable provisions of the Plan as necessary in order for the Plan and Awards made there under to satisfy the requirements
of Section 162(m) of the Code.

 

ARTICLE
IV

GRANT
OF AWARDS

 

Section
4.1 Grant of Awards. Awards granted under this Plan shall be subject to the following conditions:

 

(a)
Any shares of Common Stock related to Awards which terminate by expiration, forfeiture, cancellation or otherwise without the
issuance of shares of Common Stock or are exchanged in the Board’s discretion for Awards not involving Common Stock, shall
be available again for grant under the Plan and shall not be counted against the shares authorized under Section 1.3.

 

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(b)Common
Stock delivered by the Company in payment of an Award authorized under Articles V and VI of the Plan may be authorized and unissued
Common Stock or Common Stock held in the treasury of the Company.

 

(c)The
Board shall, in its sole discretion, determine the manner in which fractional shares arising under this Plan shall be treated.

 

(d)Separate
certificates or a book-entry registration representing Common Stock shall be delivered to a Participant upon the exercise of any
Option.

 

(e)The
Board shall be prohibited from canceling, reissuing or modifying Awards if such action will have the effect of repricing the Participant’s
Award.

 

(f)Eligible
Directors may only be granted Nonqualified Stock Options, Restricted Stock Awards, SARs or Performance Units under this Plan.

 

(g)The
maximum term of any Award shall be ten years.

 

ARTICLE
V

STOCK
OPTIONS

 

Section
5.1 Grant of Options. The Board may, from time to time, subject to the provisions of the Plan and such other terms and conditions
as it may determine, grant Options to Eligible Employees. These Options may be Nonqualified Stock Options. The Board may also,
subject to the provisions of the Plan and such other terms and conditions as it may determine, grant Nonqualified Stock Options
to Eligible Directors and Consultants. Each grant of an Option shall be evidenced by an Award Agreement executed by the Company
and the Participant, and shall contain such terms and conditions and be in such form as the Board may from time to time approve,
subject to the requirements of Section 5.2.

 

Section
5.2 Conditions of Options. Unless otherwise stated in the Award Agreement the terms of this section 5.2 shall apply. Each
Option so granted shall be subject to the following conditions:

 

(a)Exercise
Price. As limited by Section 5.2(e) below, each Option shall state the exercise price which shall be set by the Board at the Date
of Grant; provided, however, no Option shall be granted at an exercise price which is less than the Fair Market Value of the Common
Stock on the Date of Grant. The Administrator also may authorize payment in accordance with a cashless exercise program under
which, if so instructed by the Participant, Stock may be issued upon a cashless exercise of the option.

 

(b)Form
of Payment. The exercise price of an Option may be paid (i) in cash or by check, bank draft or money order payable to the order
of the Company; (ii) by delivering shares of Common Stock having a Fair Market Value on the date of payment equal to the amount
of the exercise price, but only to the extent such exercise of an Option would not result in an adverse accounting charge to the
Company for financial accounting purposes with respect to the shares used to pay the exercise price unless otherwise determined
by the Board; or (iii) a combination of the foregoing. In addition to the foregoing, the Board may permit an Option granted under
the Plan to be exercised by a broker-dealer acting on behalf of a Participant through procedures approved by the Board. Notwithstanding
the foregoing, the Company may require a Participant to pay all applicable income and employment taxes, required by law to be
withheld, in cash as a precondition to exercising the Participant’s Option until such time as the Company has registered
its stock and has established a relationship with a broker-dealer acting on the Company’s behalf to sell the stock in the
market.

 

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(c)Exercise
of Options. Unless otherwise stated in the Award Agreement the terms of this Section 5.2(c) shall apply. Options granted under
the Plan shall be exercisable, in whole or in such installments and at such times, and shall expire at such time, as shall be
provided by the Board in the Award Agreement. Exercise of an Option requires (1) written notice to the Secretary of the Company
stating the election to exercise in the form and manner determined by the Board; and (2) payment of the exercise price and all
applicable withholding taxes.

 

(d)Other
Terms and Conditions. Among other conditions that may be imposed by the Board, if deemed appropriate, are those relating to (i)
the period or periods and the conditions of exercisability of any Option; (ii) the minimum periods during which Participants must
be employed by the Company, its Subsidiaries, or an Affiliated Entity, or must hold Options before they may be exercised; (iii)
the minimum periods during which shares acquired upon exercise must be held before sale or transfer shall be permitted; (iv) conditions
under which such Options or shares may be subject to forfeiture; (v) the frequency of exercise or the minimum or maximum number
of shares that may be acquired at any one time; (vi) the achievement by the Company of specified performance criteria; and (vii)
non-compete and protection of business matters.

 

(e)Application
of Funds. The proceeds received by the Company from the sale of Common Stock pursuant to Options will be used for general corporate
purposes.

 

(f)Stockholder
Rights. No Participant shall have a right as a stockholder with respect to any share of Common Stock subject to an Option prior
to purchase of such shares of Common Stock by exercise of the Option.

 

ARTICLE
VI

RESTRICTED
STOCK AWARDS

 

Section
6.1 Grant of Restricted Stock Awards. The Board may, from time to time, subject to the provisions of the Plan and such other
terms and conditions as it may determine, grant a Restricted Stock Award to Eligible Employees, Consultants or Eligible Directors.
Restricted Stock Awards shall be awarded in such number and at such times during the term of the Plan as the Board shall determine.
Each Restricted Stock Award shall be subject to an Award Agreement setting forth the terms of such Restricted Stock Award and
may be evidenced in such manner as the Board deems appropriate, including, without limitation, a book-entry registration or issuance
of a stock certificate or certificates.

 

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Section
6.2 Conditions of Restricted Stock Awards. The grant of a Restricted Stock Award shall be subject to the following:

 

(a)
Restriction Period. Restricted Stock Awards granted to an Eligible Employee shall require the holder to remain in the employment
of the Company, a Subsidiary, or an Affiliated Entity for a prescribed period. Restricted Stock Awards granted to Consultants
or Eligible Directors shall require the holder to provide continued services to the Company for a period of time. These employment
and service requirements are collectively referred to as a “Restriction Period”. The Board or the Committee, as the
case may be, shall determine the Restriction Period or Periods which shall apply to the shares of Common Stock covered by each
Restricted Stock Award or portion thereof. In addition to any time vesting conditions determined by the Board or the Committee,
as the case may be, Restricted Stock Awards may be subject to the achievement by the Company of specified performance criteria
based upon the Company’s achievement of all or any of the operational, financial or stock performance criteria set forth
on Exhibit A annexed hereto, as may from time to time be established by the Board or the Committee, as the case may be. At the
end of the Restriction Period, assuming the fulfillment of any other specified vesting conditions, the restrictions imposed by
the Board or the Committee, as the case may be shall lapse with respect to the shares of Common Stock covered by the Restricted
Stock Award or portion thereof. The Board or the Committee, as the case may be, may, in its discretion, accelerate the vesting
of a Restricted Stock Award in the case of the death, Disability or Retirement of the Participant who is an Eligible Employee
or resignation of a Participant who is a Consultants or an Eligible Director.

 

(b)Restrictions.
The holder of a Restricted Stock Award may not sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of the shares
of Common Stock represented by the Restricted Stock Award during the applicable Restriction Period. The Board shall impose such
other restrictions and conditions on any shares of Common Stock covered by a Restricted Stock Award as it may deem advisable including,
without limitation, restrictions under applicable Federal or state securities laws, and may legend the certificates representing
Restricted Stock to give appropriate notice of such restrictions.

 

(c)Rights
as Stockholders. During any Restriction Period, the Board may, in its discretion, grant to the holder of a Restricted Stock Award
all or any of the rights of a stockholder with respect to the shares, including, but not by way of limitation, the right to vote
such shares and to receive dividends. If any dividends or other distributions are paid in shares of Common Stock, all such shares
shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to which they were
paid.

 

ARTICLE
VII 

STOCK
APPRECIATION RIGHTS

 

Section
7.1 Grant of SARs. The Board may from time to time, in its sole discretion, subject to the provisions of the Plan and subject
to other terms and conditions as the Board may determine, grant a SAR to any Eligible Employee, Consultant or Eligible Director.
SARs may be granted in tandem with an Option, in which event, the Participant has the right to elect to exercise either the SAR
or the Option. Upon the Participant’s election to exercise one of these Awards, the other tandem Award is automatically
terminated. SARs may also be granted as an independent Award separate from an Option. Each grant of a SAR shall be evidenced by
an Award Agreement executed by the Company and the Participant and shall contain such terms and conditions and be in such form
as the Board may from time to time approve, subject to the requirements of the Plan. The exercise price of the SAR shall not be
less than the Fair Market Value of a share of Common Stock on the Date of Grant of the SAR.

 

Section
7.2 Exercise and Payment. SARs granted under the Plan shall be exercisable in whole or in installments and at such times as
shall be provided by the Board in the Award Agreement. Exercise of a SAR shall be by written notice to the Secretary of the Company.
The amount payable with respect to each SAR shall be equal in value to the excess, if any, of the Fair Market Value of a share
of Common Stock on the exercise date over the exercise price of the SAR. Payment of amounts attributable to a SAR shall be made
in shares of Common Stock.

 

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ARTICLE
VIII

PERFORMANCE
UNITS

 

Section
8.1 Grant of Awards. The Board may, from time to time, subject to the provisions of the Plan and such other terms and conditions
as it may determine, grant Performance Units to Eligible Employees, Consultants and Eligible Directors. Each Award of Performance
Units shall be evidenced by an Award Agreement executed by the Company and the Participant, and shall contain such terms and conditions
and be in such form as the Board may from time to time approve, subject to the requirements of Section 8.2.

 

Section
8.2 Conditions of Awards. Each Award of Performance Units shall be subject to the following conditions:

 

(a)Establishment
of Award Terms. Each Award shall state the target, maximum and minimum value of each Performance Unit payable upon the achievement
of performance goals.

 

(b)Achievement
of Performance Goals. The Board shall establish performance targets for each Award for a period of no less than a year based upon
some or all of the operational, financial or performance criteria listed in Exhibit A attached. The Board shall also establish
such other terms and conditions as it deems appropriate to such Award. The Award may be paid out in cash or Common Stock as determined
in the sole discretion of the Board.

 

ARTICLE
IX

PERFORMANCE
BONUS

 

Section
9.1 Grant of Performance Bonus. The Board may from time to time, subject to the provisions of the Plan and such other terms
and conditions as the Board may determine, grant a Performance Bonus to certain Eligible Employees selected for participation.
The Board will determine the amount that may be earned as a Performance Bonus in any period of one year or more upon the achievement
of a performance target established by the Board. The Board shall select the applicable performance target(s) for each period
in which a Performance Bonus is awarded. The performance target shall be based upon all or some of the operational, financial
or performance criteria more specifically listed in Exhibit A attached.

 

Section
9.2 Payment of Performance Bonus. In order for any Participant to be entitled to payment of a Performance Bonus, the applicable
performance target(s) established by the Board must first be obtained or exceeded. Payment of a Performance Bonus shall be made
within 60 days of the Board’s certification that the performance target(s) has been achieved unless the Participant has
previously elected to defer payment pursuant to a nonqualified deferred compensation plan adopted by the Company. Payment of a
Performance Bonus may be made in either cash or Common Stock as determined in the sole discretion of the Board.

 

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ARTICLE
X

STOCK
ADJUSTMENTS

 

In
the event that the shares of Common Stock, as constituted on the effective date of the Plan, shall be changed into or exchanged
for a different number or kind of shares of stock or other securities of the Company or of another corporation (whether by reason
of merger, consolidation, recapitalization, reclassification, stock split, spin-off, combination of shares or otherwise), or if
the number of such shares of Common Stock shall be increased through the payment of a stock dividend, or a dividend on the shares
of Common Stock, or if rights or warrants to purchase securities of the Company shall be issued to holders of all outstanding
Common Stock, then there shall be substituted for or added to each share available under and subject to the Plan, and each share
theretofore appropriated under the Plan, the number and kind of shares of stock or other securities into which each outstanding
share of Common Stock shall be so changed or for which each such share shall be exchanged or to which each such share shall be
entitled, as the case may be, on a fair and equivalent basis in accordance with the applicable provisions of Section 424 of the
Code; provided, however, with respect to Options, in no such event will such adjustment result in a modification of any Option
as defined in Section 424(h) of the Code. In the event there shall be any other change in the number or kind of the outstanding
shares of Common Stock, or any stock or other securities into which the Common Stock shall have been changed or for which it shall
have been exchanged, then if the Board shall, in its sole discretion, determine that such change equitably requires an adjustment
in the shares available under and subject to the Plan, or in any Award, theretofore granted, such adjustments shall be made in
accordance with such determination, except that no adjustment of the number of shares of Common Stock available under the Plan
or to which any Award relates that would otherwise be required shall be made unless and until such adjustment either by itself
or with other adjustments not previously made would require an increase or decrease of at least 1% in the number of shares of
Common Stock available under the Plan or to which any Award relates immediately prior to the making of such adjustment (the “Minimum
Adjustment”). Any adjustment representing a change of less than such minimum amount shall be carried forward and made as
soon as such adjustment together with other adjustments required by this Article X and not previously made would result in a Minimum
Adjustment. Notwithstanding the foregoing, any adjustment required by this Article X which otherwise would not result in a Minimum
Adjustment shall be made with respect to shares of Common Stock relating to any Award immediately prior to exercise, payment or
settlement of such Award.

 

ARTICLE
XI

GENERAL

 

Section
11.1 Amendment or Termination of Plan. The Board may alter, suspend or terminate the Plan at any time provided, however, that
it may not, without stockholder approval, adopt any amendment which would (i) allow for the grant of incentive stock options pursuant
to the Plan.

 

Section
11.2 Termination of Employment; Termination of Service. Unless otherwise stated in the Award Agreement, if an Eligible Employee’s
employment with the Company, a Subsidiary or an Affiliated Entity terminates as a result of death, Disability or Retirement, the
Eligible Employee (or personal representative in the case of death) shall be entitled to purchase all or any part of the shares
subject to any vested Options and SAR’s for a period of up to two year from such date of termination, the unvested portion
of any Award shall be forfeited unless otherwise accelerated pursuant to the terms of the Award Agreement or by the Board. If
an Eligible Employee’s employment terminates for any other reason, the Eligible Employee shall be entitled to purchase all
or any part of the shares subject to any vested Options and SAR’s for a period of up to one year from such date of termination,
the unvested portion of any Award shall be forfeited unless otherwise accelerated pursuant to the terms of the Award Agreement
or by the Board. In no event shall any Options and SAR’s be exercisable past their expiration date. The Board may, in its
sole discretion, accelerate the vesting of unvested Options and SAR’s in the event of termination of employment of any Participant.

 

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In
the event a Consultant ceases to provide services to the Company or an Eligible Director terminates service as a director of the
Company, the unvested portion of any Award shall be forfeited unless otherwise accelerated pursuant to the terms of the Eligible
Director’s Award Agreement or by the Board. The Consultant or Eligible Director’s Nonqualified Stock Options and SAR’s
which are otherwise vested and exercisable on his date of termination of service shall continue to be exercisable from such date
of termination for a period of up to one year.

 

All
other benefits under this plan that have not been earned or performance goals that have not been reached on the date that employment
has been terminated or services terminated, for whatever reason shall terminate on the date the employment or services with the
Company is terminated.

 

Section
11.3 Limited Transferability – Options. The Board may, in its discretion, authorize all or a portion of the Nonqualified
Stock Options granted under this Plan to be on terms which permit transfer by the Participant to (i) the ex-spouse of the Participant
pursuant to the terms of a domestic relations order, (ii) the spouse, children, grandchildren, or siblings of the Participant
(“Immediate Family Members”), (iii) a trust or trusts for the exclusive benefit of such Immediate Family Members,
or (iv) a partnership or limited liability company in which such Immediate Family Members are the only partners or members. In
addition, there may be no consideration for any such transfer. The Award Agreement pursuant to which such Nonqualified Stock Options
are granted expressly provide for transferability in a manner consistent with this paragraph. Subsequent transfers of transferred
Nonqualified Stock Options shall be prohibited except as set forth below in this Section 11.3. Following transfer, any such Nonqualified
Stock Options shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer,
provided that for purposes of Section 11.2 hereof the term “Participant” shall be deemed to refer to the transferee.
The events of termination of employment of Section 11.2 hereof shall continue to be applied with respect to the original Participant,
following which the Nonqualified Stock Options shall be exercisable by the transferee only to the extent, and for the periods
specified in Section 11.2 hereof. No transfer pursuant to this Section 11.3 shall be effective to bind the Company unless the
Company shall have been furnished with written notice of such transfer together with such other documents regarding the transfer
as the Board shall request. With the exception of a transfer in compliance with the foregoing provisions of this Section 11.3,
all other types of Awards authorized under this Plan shall be transferable only by will or the laws of descent and distribution;
however, no such transfer shall be effective to bind the Company unless the Board has been furnished with written notice of such
transfer and an authenticated copy of the will and/or such other evidence as the Board may deem necessary to establish the validity
of the transfer and the acceptance by the transferee of the terms and conditions of such Award.

 

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Section
11.4 Withholding Taxes. Unless otherwise paid by the Participant, the Company, its Subsidiaries or any of its Affiliated Entities
shall be entitled to deduct from any payment under the Plan, regardless of the form of such payment, the amount of all applicable
income and employment taxes required by law to be withheld with respect to such payment or may require the Participant to pay
to it such tax prior to and as a condition of the making of such payment. In accordance with any applicable administrative guidelines
it establishes, the Board may allow a Participant to pay the amount of taxes required by law to be withheld from an Award by (i)
directing the Company to withhold from any payment of the Award a number of shares of Common Stock having a Fair Market Value
on the date of payment equal to the amount of the required withholding taxes or (ii) delivering to the Company previously owned
shares of Common Stock having a Fair Market Value on the date of payment equal to the amount of the required withholding taxes.
However, any payment made by the Participant pursuant to either of the foregoing clauses (i) or (ii) shall not be permitted if
it would result in an adverse accounting charge with respect to such shares used to pay such taxes unless otherwise approved by
the Board.

 

Section
11.5 Intentionally deleted.

 

Section
11.6 Amendments to Awards. Subject to the limitations of Article IV, such as the prohibition on repricing of Options, the
Board may at any time unilaterally amend the terms of any Award Agreement, whether or not presently exercisable or vested, to
the extent it deems appropriate. However, amendments which are adverse to the Participant shall require the Participant’s
consent.

 

Section
11.7 Registration; Regulatory Approval. Following adoption of the Amended and Restated Plan by the Board, the Board, in its
sole discretion, may determine to file with the Securities and Exchange Commission and keep continuously effective, a Registration
Statement on Form S-8 with respect to shares of Common Stock subject to Awards hereunder. Notwithstanding anything contained in
this Plan to the contrary, the Company shall have no obligation to issue shares of Common Stock under this Plan prior to the obtaining
of any approval from, or satisfaction of any waiting period or other condition imposed by, any governmental agency which the Board
shall, in its sole discretion, determine to be necessary or advisable.

 

Section
11.8 Right to Continued Employment. Participation in the Plan shall not give any Eligible Employee any right to remain in
the employ of the Company, any Subsidiary, or any Affiliated Entity. The Company or, in the case of employment with a Subsidiary
or an Affiliated Entity, the Subsidiary or Affiliated Entity reserves the right to terminate any Eligible Employee at any time.
Further, the adoption of this Plan shall not be deemed to give any Eligible Employee or any other individual any right to be selected
as a Participant or to be granted an Award.

 

Section
11.9 Reliance on Reports. Each member of the Board and each member of the Compensation Committee shall be fully justified
in relying or acting in good faith upon any report made by the independent public accountants of the Company and its Subsidiaries
and upon any other information furnished in connection with the Plan by any person or persons other than himself or herself. In
no event shall any person who is or shall have been a member of the Board be liable for any determination made or other action
taken or any omission to act in reliance upon any such report or information or for any action taken, including the furnishing
of information, or failure to act, if in good faith.

 

    	11

    	 

    

 

Section
11.10 Construction. Masculine pronouns and other words of masculine gender shall refer to both men and women. The titles and
headings of the sections in the Plan are for the convenience of reference only, and in the event of any conflict, the text of
the Plan, rather than such titles or headings, shall control.

 

Section
11.11 Governing Law. The Plan shall be governed by and construed in accordance with the laws of the State of Delaware except
as superseded by applicable Federal law.

 

Section
11.12 Other Laws. The Board may refuse to issue or transfer any shares of Common Stock or other consideration under an Award
if, acting in its sole discretion, it determines that the issuance or transfer of such shares or such other consideration might
violate any applicable law or regulation or entitle the Company to recover the same under Section 16(b) of the Exchange Act, and
any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award
shall be promptly refunded to the relevant Participant, holder or beneficiary.

 

Section
11.13 No Trust or Fund Created. Neither the Plan nor an Award shall create or be construed to create a trust or separate fund
of any kind or a fiduciary relationship between the Company and a Participant or any other person. To the extent that a Participant
acquires the right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of
any general unsecured creditor of the Company.

 

Section
11.14 Conformance to Section 409A of the Code To the extent that the Committee determines that any Award granted under the
Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions
required by Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance
with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including
without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision
of the Plan to the contrary, in the event that the Committee determines that any Award may be subject to Section 409A of the Code
and related Department of Treasury guidance, the Committee may adopt such amendments to the Plan and the applicable Award Agreement
or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other
actions, that the Committee determines are necessary or appropriate to (i) exempt the Award from Section 409A of the Code or (ii)
comply with the requirements of Section 409A of the Code and related Department of Treasury guidance.

 

    	12

    	 

    

 

EXHIBIT
A

 

Incentive
Stock Option Plan

Performance
Criteria

 

Operational
Criteria may include:

 

Reserve
additions/replacements

 

Finding
& development costs

 

Production
volume

 

Production
Costs

 

Financial
Criteria may include:

 

Earnings(net
income, earnings before interest, taxes, depreciation and amortization (“EBITDA”)

 

Earnings
per share:

 

Cash flow

 

Operating
income

 

General
and Administrative Expenses

 

Debt to
equity ratio

 

Debt to
cash flow

 

Debt to
EBITDA

 

EBITDA to
Interest

 

Return on
Assets

 

Return on
Equity

 

Return on
Invested Capital

 

Profit returns/margins

 

Midstream
margins

 

Stock
Performance Criteria:

 

Stock price
appreciation

 

Total stockholder
return

 

Relative
stock price performance

 

 

 13EX-10.1

 Exhibit 10.1 

CALL OPTION AGREEMENT 

This CALL OPTION AGREEMENT (the “Agreement”) dated as of April 3, 2015, is made by and between Stichting
Preferred Shares Mylan, a foundation (stichting) incorporated under the laws of the Netherlands (the “Foundation”) and Mylan N.V., a public limited liability company (naamloze vennootschap) incorporated under
the laws of the Netherlands (the “Company”). 
 WHEREAS, unless defined above, capitalized terms used in the
recitals of this Agreement shall have the meanings attributed to them in Section 1. 
 WHEREAS, pursuant to authorization by the
General Meeting and the authorization of the Board, (i) in accordance with Section 2:96 paragraph 5 of the Dutch Civil Code, the Foundation has been granted the Call Option, (ii) any pre-emptive rights which may exist in relation to
the grant of the Call Option have been excluded, and (iii) the entering into of this Agreement setting forth the terms applicable to the Call Option has been approved by the Board. 

WHEREAS, the purpose of the Foundation is set forth in its Articles and includes, among other purposes and without limitation, the
attending to, promoting and safeguarding of the interests of the Company (and certain successors), including without limitation the interests of (i) the businesses maintained by the Company and its Subsidiaries and (ii) all stakeholders of
the Company from time to time, such that any influences that might adversely affect or threaten the strategy, the mission to provide the world population access to the broadest range of affordable, high quality medicine, the independence, the
continuity and/or the identity of the Company and its businesses in a manner that is contrary to such interests are resisted to the maximum of the Foundation’s ability. 

NOW THEREFORE, the parties hereby agree as follows: 

1. Definitions. As used in this Agreement, the following terms shall have the following meanings (with terms defined in the
singular having a corresponding meaning when used in the plural and vice versa): 
  

	 	(a)	The term “Articles” shall mean the articles of association of the Foundation, as they may read from time to time. 

 

	 	(b)	The term “Board” shall mean the board of directors of the Company. 

  

	 	(c)	The term “Call Option” shall mean the continuous and, on a revolving basis, repeatedly exercisable right of the Foundation to subscribe for Preferred Shares, each time up to the Maximum (from
time to time). 

	 	(d)	The term “Exercise Notice” shall mean the written notice, substantially in accordance with the template attached to this Agreement as annex A, pursuant to which the Foundation may exercise the
Call Option. 

  

	 	(e)	The term “General Meeting” shall mean the general meeting of shareholders of the Company. 

  

	 	(f)	The term “Maximum” shall mean such maximum number of Preferred Shares that, as the result of a subscription for Preferred Shares by the Foundation pursuant to an exercise of the Call Option, the
aggregate number of Preferred Shares held by the Foundation (including, if applicable, the number of Preferred Shares already held by the Foundation when exercising the Call Option on that occasion) would, immediately following such subscription, be
equal to 100% (one hundred per cent) of the aggregate number of ordinary shares and any other classes of shares comprised in the issued share capital of the Company at such time to the extent such shares are not held by the Foundation, provided that
the maximum number of Preferred Shares held by the Foundation as a result of such subscription shall in no event be more than the maximum number of Preferred Shares that may be issued to the Foundation under the authorized share capital of the
Company from time to time. 

  

	 	(g)	The term “Preferred Shares” shall mean preferred shares in the capital of the Company. 

  

	 	(h)	The term “Shareholder Rights” shall mean, with respect to Preferred Shares held by the Foundation from time to time, the voting rights and the rights attributed by law to holders of depositary
receipts issued with a company’s cooperation (including without limitation meeting rights in the General Meeting). 

  

	 	(i)	The term “Subsidiaries” shall mean the subsidiaries of the Company from time to time. 

2. Revolving Call Option. The Foundation is entitled to exercise the Call Option in one or more tranches. In addition, the Call
Option is continuous in nature and the Foundation is entitled to exercise the Call Option repeatedly, on a revolving basis, each time up to the Maximum (from time to time). For the avoidance of doubt, the exercise of the Call Option on a specific
occasion shall not impede or limit the exercise of the Call Option on another occasion, irrespective of whether any Preferred Shares acquired by the Foundation pursuant to such previous exercise of the Call Option are still, or are no longer, held
by the Foundation at the time of a subsequent exercise of the Call Option (provided that the number of Preferred Shares that may be subscribed for by the Foundation pursuant to an exercise of the Call Option, together with any number of Preferred
Shares already subscribed for and held by the Foundation when exercising the Call Option on that occasion, does not exceed the Maximum at the relevant moment). In the event of a variation of the composition of the Company’s issued share
capital, including without limitation as a result of a share split, a reverse share split, or a redenomination of the nominal value of any shares, the Call Option shall be automatically adjusted accordingly such that the Call Option always may be
exercised for a number of Preferred Shares up to the Maximum from time to time (and in particular taking into account any such variation of the composition of the Company’s issued share capital). 

 3. Exercise of the Call Option. The Foundation may exercise the Call Option in its
sole discretion, provided that such exercise must be consistent with and solely to further its objectives and purpose as set out in the Articles. The Foundation may exercise the Call Option by a means of an Exercise Notice. The Exercise Notice shall
state the number of Preferred Shares for which the Foundation exercises the Call Option and subscribes for on that occasion (such number, together with any number of Preferred Shares already subscribed for and held by the Foundation when exercising
the Call Option on that occasion, not to exceed the Maximum at the relevant moment). Upon an exercise of the Call Option in accordance with this Section 3 and receipt of the Exercise Notice by the Company, the relevant number of Preferred
Shares is considered to have been issued to the Foundation immediately. In this respect, subject to receipt by the Company of the relevant Exercise Notice in accordance with the terms of this Agreement, such Exercise Notice shall constitute the
subscription for the relevant number of Preferred Shares by the Foundation and the issuance of those Preferred Shares by the Company, represented for this purpose by the Foundation under the power of attorney referred to in Section 10. 

4. Subscription Price. The Foundation shall subscribe for the Preferred Shares at par. Upon subscribing for Preferred Shares in
accordance with Section 3, the Foundation shall ensure that at least one/fourth of the aggregate nominal amount of those Preferred Shares is paid up. Three/fourths of the aggregate nominal amount of the relevant number of Preferred Shares
subscribed for by the Foundation shall only be due and required to be paid up if and after the Company has called for it, without prejudice to the provisions of Section 2:84 of the Dutch Civil Code. The Company shall not make such a call
without having given the Foundation a reasonable period of at least one month to obtain sufficient financing in order to satisfy such call. The Foundation shall use its best efforts to have sufficient cash and/or readily available financing
available to it at all times to satisfy its payment obligation in respect of the relevant Preferred Shares subscribed for by it, if and when and to the extent due, in the form of (a) external financing made available to the Foundation by a
reputable bank or other credit institution selected by the Foundation in consultation with the Company, (b) one or more gifts and/or loans granted by the Company and/or one or more Subsidiaries to the Foundation (solely at the Company’s
option and subject to applicable law and statutory restrictions), and/or (c) any other appropriate means, provided, that, if the Foundation does not have such adequate cash and/or readily available financing at such time as the
Foundation becomes obligated to pay up the Preferred Shares (or part thereof), the Company may (at the Foundation’s request, solely at the Company’s option and subject to applicable law and statutory restrictions) charge all or part of
such payment obligation against its profits and/or reserves. 

 5. Miscellaneous Costs. The Company will pay, or reimburse the Foundation for, all
of the Foundation’s reasonable costs and expenses, including, but not limited to, its registration costs, premiums for its directors’ and officers’ insurance and other costs associated with the Foundation’s corporate existence.
For the avoidance of doubt, the Company shall not be required to reimburse the Foundation for any payment obligation satisfied or to be satisfied by the Foundation in respect of any Preferred Shares subscribed for by the Foundation as described in
Section 4 (without prejudice to the Foundation’s right to request one or more gifts and/or loans from the Company and/or one or more Subsidiaries for payment of all or part of such payment obligation and/or to request the Company to charge
all or part of such payment obligation against the Company’s profits and/or reserves, as described in the last sentence of Section 4). In order to preserve and protect the Foundation’s independence, the Company may make an annual lump
sum payment to the Foundation after the Company has received a copy of the Foundation’s balance sheet pertaining to the previous financial year. In relation to the period between the Foundation’s incorporation and the adoption of the
Foundation’s first balance sheet, the Company may make a lump sum payment to the Foundation after execution of this Agreement. The amount of any such lump sum payment shall be determined by the Company at its absolute discretion, so as to
provide the Foundation with sufficient funds to cover its costs and expenses described above for the upcoming financial year(s) (such period to be determined by the Company at its absolute discretion) and, at the request of the Foundation, the costs
and expenses which are reasonably expected to be incurred by the Foundation if it exercises the Call Option. If the Foundation reasonably expects that its financial means will be insufficient to meet its obligations as they will mature in the
upcoming year, the Foundation shall promptly inform the Company accordingly, providing the details and basis of such expectation and requesting the Company to make an additional lump sum payment to the Foundation in order to cover the expected
shortfall. The Company shall then promptly make the requested payment, unless the Company can demonstrate that the Foundation’s expectation is unfounded. The Company shall be entitled to demand repayment by the Foundation of any payment made by
the Company pursuant to this Section 5, or any part thereof, (a) with the Foundation’s consent, (b) upon termination of this Agreement in accordance with Section 11, or (c) when the Company’s shares (or other
securities issued by or with the cooperation of the Company) are no longer publicly listed on any stock exchange. Any amount to be repaid pursuant to the previous sentence shall never exceed the financial funds of the Foundation at the time the
repayment obligation arises, less the aggregate amount of the Foundation’s obligations at that time (apart from the repayment obligation). If the Foundation at any time considers that its financial funds exceed the amount of financial funds
reasonably required by the Foundation in order to remain solvent and to fulfill the Foundation’s objectives, the Foundation shall promptly inform the Company thereof and shall repay the excess to the Company. 

 6. Assignment and Encumbrance. The Foundation cannot and has no authority to
transfer, assign or encumber any of its rights or obligations arising from or relating to this Agreement, except that the Foundation may pledge (i) any of the issued and outstanding Preferred Shares held by the Foundation, provided that the
Foundation shall not allow, authorize or cooperate with any Shareholder Rights vesting in, transferring to or being exercised or limited by the pledgee, and (ii) any claims for distributions payable under the Company’s articles of
association as described in Sections 8 and 9, in each case such pledge may only be made by the Foundation in connection with a financing as described in Section 4. The Foundation shall give prior notice to the Company before pledging any
Preferred Shares as referred to in this Section 6. 
 7. Voting Rights. The Foundation shall exercise (or choose not to
exercise) the voting rights in respect of the Preferred Shares independently and solely in accordance with its stated purpose, objectives, and the other provisions in its Articles, provided that the Foundation shall only exercise such number of
voting rights attached to the Preferred Shares held by it up to a total amount equal to the total number of voting rights that may be exercised by other holders of ordinary shares or any other classes of shares in the capital of the Company
outstanding at such time (irrespective of whether or not such voting rights are in fact exercised). 
 8. Dividend Rights. The
Preferred Shares shall carry the entitlement to dividends and other distributions in accordance with the provisions of the articles of association of the Company. The Redemption Amount (Vergoedingsbedrag) (as defined in the Company’s
articles of association) for each Preferred Share that forms part of the Company’s issued share capital from time to time shall be equal to the aggregate amount paid up on all Preferred Shares that form part of the Company’s issued share
capital from time to time, divided by the total number of those Preferred Shares. The premium to be determined by the Board, as referred to in the definition of Dividend Amount (Dividendbedrag) in the Company’s articles of association,
is set at 500 basis points. 
 9. Cancellation of Preferred Shares. (a) The Foundation shall have the right to demand
from the Company, subject to Section 9(c), the cancellation of Preferred Shares held by the Foundation with repayment of an amount described in Section 9(b), upon the earliest of (i) the Foundation becoming obligated and unable to
repay any funds made available to or used by it to finance the payment of such Preferred Shares and (ii) the moment when the Foundation is reasonably convinced that all influences that might adversely affect or threaten the strategy, the
mission to provide the world population access to the broadest range of affordable, high quality medicine, the independence, the continuity and/or the identity of the Company and its businesses in a manner that is contrary to the interests referred
to in the purpose clause of the Articles have been sufficiently resisted, avoided and/or mitigated. 

 (b) The amount to be repaid upon cancellation of any Preferred Shares (including, without
limitation, cancellation on request of the Foundation, in accordance with Section 9(a)) shall be determined in accordance with the articles of association of the Company. 

(c) If the Foundation exercises its right to demand cancellation of any Preferred Shares pursuant to Section 9(a), the Company shall use
its reasonable best efforts to effect such cancellation, including, without limitation, (i) adding to the agenda of an upcoming General Meeting the proposal for a resolution to cancel the relevant Preferred Shares (provided that the Board shall
not be required to convene an extraordinary General Meeting for this purpose or modify an agenda previously made public), (ii) if such resolution is adopted by the General Meeting, filing and publishing such resolution in accordance with
Section 2:100 of the Dutch Civil Code, and (iii) if applicable, furnishing reasonable security or other comfort to creditors of the Company who require so in connection with the right of objection pursuant to Section 2:100 of the
Dutch Civil Code. 
 10. Further action and Power of Attorney. The Company shall use its best efforts to ensure that its
authorized share capital as included in its articles of association shall at all times allow for an issuance of such number of Preferred Shares as equals the total number of shares that form the Company’s issued share capital at any given time,
minus the number of Preferred Shares already held by the Foundation at that time (if any). If, at any time after the execution of this Agreement, any further action is necessary or desirable in order to implement this Agreement, each party shall
take all such actions as may reasonably be requested from it by the other party. The Company hereby grants an irrevocable power of attorney to the Foundation to issue Preferred Shares on the Company’s behalf to the Foundation pursuant to an
exercise of the Call Option in accordance with the terms of this Agreement. This power of attorney also extends to the performance of acts of disposition (beschikkingshandelingen). The Foundation may act as counterparty of the Company when
acting under this power of attorney. 
 11. Term and Termination. This Agreement has been entered into for an indefinite
period of time. Notwithstanding the foregoing, the Company is entitled to terminate this Agreement with immediate effect by written notice to the Foundation if on the date of termination (i) no Preferred Shares are held by the Foundation,
(ii) the Company’s shares (or other securities issued by or with the cooperation of the Company) are no longer publicly listed on any stock exchange, or (iii) the Company has entered into bankruptcy or other insolvency proceedings. If
Preferred Shares are held by the Foundation, the Company may give written notice to the Foundation of termination, provided that such notice of termination of this Agreement will (i) cancel the Call Option and (ii) have the effect of
terminating this Agreement, except for Sections 1, 4 through 9 and 13 through 19, which will survive such termination and continue to apply to any Preference Shares issued and held by the Foundation until those Preference Shares are no longer
outstanding or held by the Foundation. 

 12. Amendment. This Agreement may only be amended by mutual agreement in writing.

 13. Notices. All notices and other communications in connection with this Agreement must be in writing in English and may
be made by email, letter or fax and must be received by the other Party at its email address, address or fax number stated hereunder: 
 For
the Foundation: 
 Stichting Preferred Shares Mylan 

c/o Board of Directors 
 Prins
Bernhardplein 200 
 1097 JB Amsterdam 

The Netherlands 
 E-mail:
pbouw@planet.nl / steven@spinathwakkie.com 
 Fax: +31 (20) 52 14 888 

For the Company: 
 Mylan N.V.

 c/o Corporate Secretary’s Office 

Albany Gate, Darkes Lane 
 Potters
Bar, Herts EN6 1AG 
 United Kingdom 

E-mail: joseph.haggerty@mylan.com / bradley.wideman@mylan.com 

Fax: +1 (724) 485 6358 / +1 (724) 514 1871 

with a copy to: 
 Cravath,
Swaine & Moore LLP 
 c/o Mark I. Greene / Thomas E. Dunn 

Worldwide Plaza 
 825 Eighth
Avenue 
 New York, NY 10019-7475 

U.S.A. 
 E-mail:
mgreene@cravath.com / tdunn@cravath.com 
 Fax: +1 (212) 474 3700 

 NautaDutilh N.V. 

c/o Christiaan J.C. de Brauw 

Strawinskylaan 1999 
 1077 XV
Amsterdam 
 The Netherlands 

E-mail: christiaan.debrauw@nautadutilh.com 

Fax: +31 (20) 71 71 111 

14. Governing law. This Agreement is governed by the laws of the Netherlands. 

15. Jurisdiction. The competent court in Amsterdam, the Netherlands shall have exclusive jurisdiction to settle any dispute in
connection with this Agreement without prejudice to the right of appeal and that of appeal to the Supreme Court. 
 16. No Rescission
or Nullification. To the extent permitted by law and except as otherwise expressly provided in this Agreement, the parties hereby waive their rights to rescind or nullify this Agreement, in part or in whole, or to demand the rescission,
nullification or (without prejudice to Section 12) amendment, in part or in whole, of this Agreement, on any grounds whatsoever. 

17. Headings. The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement. 
 18. Severability. If one or more of the provisions of this Agreement shall for any reason
whatsoever be held invalid or unenforceable, such provisions shall be deemed severable from the remaining covenants, agreements and provisions of this Agreement and such invalidity or unenforceability shall in no way affect the validity or
enforceability of such remaining provisions or the rights of any parties hereto. 
 19. Counterparts. This Agreement may be
executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall constitute one and the same instrument. 

[Remainder of page intentionally left blank] 

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

	
	 STICHTING PREFERRED SHARES MYLAN

	
	 /s/ Pieter Bouw

	Name: Pieter Bouw
	Title:   Chairman
	
	 /s/ Steven Perrick

	Name: Steven Perrick
	Title:   Vice Chairman
	
	MYLAN N.V.
	
	 /s/ Robert J. Coury

	Name:   Robert J. Coury
	Title:     Executive Chairman

 Annex A - Exercise Notice 

 

	To:	Mylan N.V. 

	    	c/o Board of Directors 

	    	[address] 

  

	    	With a copy to: [details of advisor(s)] 

  

	From:	Stichting Preferred Shares Mylan 

	    	[address] 

  

	    	With a copy to: [details of advisor(s)] 

 [Date], [place]. 

Dear Sirs, 
 Reference is made to the call option agreement
entered into between Mylan N.V. and Stichting Preferred Shares Mylan on April 3, 2015 (the “Agreement”). Capitalised words and expressions used below have the meanings ascribed to them in the Agreement. 

This is an Exercise Notice relating to the Call Option. 
 The
Call Option is hereby exercised with respect to [number] Preferred Shares (which number, together with any Preferred Shares currently held by the Foundation, if any, does not exceed the current Maximum). 

In accordance with Section 3 of the Agreement, subject to the Company’s receipt of this Exercise Notice, this Exercise Notice constitutes the
subscription by the Foundation for the Preferred Shares referred to in the previous sentence and the issuance of those Preferred Shares by the Company (represented for this purpose by the Foundation). 

Yours sincerely, 
 Stichting Preferred Shares Mylan 

By: [name]

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