Document:

EX-4.14

 Exhibit 4.14 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS EXHIBIT, MARKED BY [***], HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND
(II) WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED. 
  

 

TRANSITION SERVICES AGREEMENT 
   

 
 dated 

[●] 
 by 

GLAXOSMITHKLINE SERVICES UNLIMITED 

Provider 
 and 

GLAXOSMITHKLINE CONSUMER HEALTHCARE (OVERSEAS) LIMITED 

Recipient 
 and 

GLAXOSMITHKLINE LLC 
 U.S.
Provider 
 and 

GLAXOSMITHKLINE CONSUMER HEALTHCARE HOLDINGS (US) LLC 

U.S. Recipient 
  

 
 Baker & McKenzie LLP 

100 New Bridge Street 
 London EC4V
6JA 
 United Kingdom 

www.bakermckenzie.com 
 Exhibits and
schedules have been omitted pursuant to the Instructions as to Exhibits in Form 20-F and will be furnished on a supplemental basis to the Securities and Exchange Commission upon request. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	Article I	  

	
	DEFINITIONS	  

			
	 Section 1.1
	 	 Definitions
	  	 	1	 
	 Section 1.2
	 	 Interpretation
	  	 	12	 
	
	Article II	  

	
	SERVICES; STANDARD OF PERFORMANCE	  

			
	 Section 2.1
	 	 Services
	  	 	14	 
	 Section 2.2
	 	 Standard of Performance
	  	 	16	 
	 Section 2.3
	 	 Service Changes
	  	 	17	 
	 Section 2.4
	 	 Omitted Services
	  	 	20	 
	 Section 2.5
	 	 Service Extensions
	  	 	20	 
	 Section 2.6
	 	 Third Party Terms and Conditions; Consents
	  	 	22	 
	 Section 2.7
	 	 Transition Representatives
	  	 	23	 
	 Section 2.8
	 	 Transitional Nature of Services and Assistance
	  	 	23	 
	 Section 2.9
	 	 Independent Contractor
	  	 	24	 
	 Section 2.10
	 	 Access and Cooperation; Reliance
	  	 	24	 
	 Section 2.11
	 	 Compliance
	  	 	26	 
	 Section 2.12
	 	 Condition to Performance
	  	 	27	 
	
	Article III	  

	
	COMPENSATION	  

			
	 Section 3.1
	 	 Compensation
	  	 	27	 
	 Section 3.2
	 	 Taxes
	  	 	32	 
	 Section 3.3
	 	 Payment Terms
	  	 	34	 
	 Section 3.4
	 	 Interest
	  	 	35	 
	 Section 3.5
	 	 Records; Inspection
	  	 	35	 
	
	Article IV	  

	
	INTELLECTUAL PROPERTY Rights	  

			
	 Section 4.1
	 	 Ownership of Intellectual Property Rights
	  	 	36	 
	 Section 4.2
	 	 License Grants
	  	 	38	 

  
 -i- 

							
	
	Article V	  

	
	INDEMNIFICATION	  

			
	 Section 5.1
	 	 Indemnification
	  	 	38	 
	 Section 5.2
	 	 Indemnification Procedures
	  	 	39	 
	 Section 5.3
	 	 Losses Net of Insurance, Etc
	  	 	40	 
	 Section 5.4
	 	 No Right of Set-Off
	  	 	41	 
	 Section 5.5
	 	 Sole Remedy/Waiver
	  	 	41	 
	 Section 5.6
	 	 Other Indemnities
	  	 	41	 
	 Section 5.7
	 	 Mitigation; Limitation on Liability
	  	 	41	 
	
	Article VI	  

	
	CONFIDENTIALITY	  

			
	 Section 6.1
	 	 Confidentiality
	  	 	43	 
	
	Article VII	  

	
	TERM; TERMINATION	  

			
	 Section 7.1
	 	 Term
	  	 	45	 
	 Section 7.2
	 	 Termination
	  	 	45	 
	 Section 7.3
	 	 Transfer Regulations
	  	 	46	 
	 Section 7.4
	 	 Effect of Termination
	  	 	46	 
	
	Article VIII	  

	
	DISPUTE RESOLUTION	  

			
	 Section 8.1
	 	 Dispute Resolution
	  	 	47	 
	
	Article IX	  

	
	REVERSE SERVICES	  

			
	 Section 9.1
	 	 Provision of Reverse Services
	  	 	47	 
	 Section 9.2
	 	 Terms Applicable to Reverse Services
	  	 	48	 
	 Section 9.3
	 	 Exceptions and Clarifications
	  	 	48	 
	
	Article X	  

	
	MISCELLANEOUS	  

			
	 Section 10.1
	 	 Notices
	  	 	50	 
	 Section 10.2
	 	 Remedies and waivers
	  	 	51	 
	 Section 10.3
	 	 Variation
	  	 	52	 
	 Section 10.4
	 	 Assignment
	  	 	52	 

  
 -ii- 

							
	 Section 10.5
	 	 Entire Agreement
	  	 	53	 
	 Section 10.6
	 	 Conflict
	  	 	54	 
	 Section 10.7
	 	 Fulfilment of Obligations
	  	 	54	 
	 Section 10.8
	 	 Contracts (Rights of Third Parties) Act 1999
	  	 	54	 
	 Section 10.9
	 	 Expenses
	  	 	55	 
	 Section 10.10
	 	 Governing Law; Jurisdiction
	  	 	55	 
	 Section 10.11
	 	 Counterparts
	  	 	55	 
	 Section 10.12
	 	 Headings
	  	 	55	 
	 Section 10.13
	 	 Invalidity
	  	 	55	 
	 Section 10.14
	 	 Rules of Construction
	  	 	56	 
	 Section 10.15
	 	 Affiliate Status
	  	 	56	 
	 Section 10.16
	 	 Force Majeure
	  	 	56	 
	 Section 10.17
	 	 Local Country Agreements
	  	 	57	 
	 Section 10.18
	 	 Language
	  	 	58	 

 EXHIBITS 
 Exhibit A
— Services 
 Exhibit B — Excluded Services 
 Exhibit C-1 — Terms of Recipient Access to Provider Information Systems and Software 
 Exhibit
C-2 — Terms of Provider Access to Recipient Information Systems and Software 
 Exhibit D — Form of Local
Country Agreement 
 Exhibit E — Permitted Increases in Scope and Volume of Services 

Exhibit F — Reverse Services 
 Exhibit G — Excluded
Reverse Services 
 Exhibit H — Local Country Agreement Jurisdictions 

Exhibit I — Partial Termination Cost Reduction Principles 

Exhibit J — Audit Procedures Adequate Support Principles 

Exhibit K 
 Pre-Approved
Locations, Customers and Suppliers 
 Exhibit L 
 Data
Protection Terms – Restricted Personal Information 
 Exhibit M 

List of Exit Packages 
 Exhibit N 

Cybersecurity Requirements 

  
 -iii- 

 TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT (this “Agreement”) is made and entered into as of the      day
of             , 202     among (i) GlaxoSmithKline Services Unlimited, a company incorporated under the laws of England (“Provider”)
and, for purposes of Section 3.3(b), Section 9.3(a)(v), and Article X only, GlaxoSmithKline LLC, a Delaware limited liability company (“U.S. Provider”)], on the one hand,
and (ii) GlaxoSmithKline Consumer Healthcare (Overseas) Limited, a company incorporated under the laws of England and Wales (“Recipient”) and, for purposes of Section 3.3(b),
Section 9.3(a)(v), and Article X only, GlaxoSmithKline Consumer Healthcare Holdings (US) LLC, a Delaware limited liability company (“U.S. Recipient”), on the other hand (each of Provider and
Recipient, a “Party” and together, the “Parties,” except with respect to Section 3.3(b), Section 9.3(a)(v), and Article X, wherein Provider and U.S.
Provider, on the one hand, and Recipient and U.S. Recipient, on the other hand, each, individually and collectively, a “Party” and together, the “Parties”). 

W I T N E S S E T H: 

WHEREAS, GSK plc, a public limited company incorporated under the laws of England and Wales (“Provider Parent”), intends to
demerge the predominant part of its interest in the Recipient’s Business, by way of an indirect dividend demerger, for the purpose of benefiting both the Recipient’s Business and the GSK Business; and 

WHEREAS, pursuant to this Agreement, Provider shall render, or cause its Provider Affiliates or, to the extent permitted hereunder, third
parties to render, to Recipient and/or its Recipient Affiliates certain services on an interim basis after the Closing with respect to Recipient’s operation of the Business, subject to and in accordance with the terms of this Agreement. 

NOW, THEREFORE, in consideration of the foregoing, the representations, warranties, covenants and agreements contained herein, and other good
and valuable consideration, the adequacy and receipt of which is hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE I

 DEFINITIONS 

Section 1.1    Definitions 

Capitalized terms used in this Agreement shall have the meanings ascribed to such terms in this Agreement, including as specified in this
Section 1.1. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Demerger Agreement. 

“Acquired Business Data” has the meaning set forth in Section 4.1(b). 

  
 -1- 

 “Action” means any action, cause of action, claim, charge, suit,
countersuit, hearing, complaint, arbitration, subpoena, audit, investigation, litigation or proceeding by or before any court, Governmental Entity or arbitration tribunal. 

“Affiliate” means in respect of the Provider, any member of the GSK Group and in respect of the Recipient, any member of the
Consumer Healthcare Group; provided, a “Recipient Affiliate” and each reference to any affiliate of Recipient shall mean any Subsidiary of Recipient Parent, and a “Provider Affiliate” and each reference to any
affiliate of Provider shall mean any Subsidiary of Provider Parent, excluding Recipient Parent and each of its Subsidiaries. 

“Agreement” has the meaning set forth in the preamble to this Agreement. 

“Ancillary Agreements” has the meaning set forth in the Demerger Agreement. 

“Annual Fees” means the aggregate Service Fees (and Cost-Plus Charges thereon) paid in respect of the twelve
(12) calendar month period prior to the date on which the event giving rise to the claim occurred (or, if such event occurred prior to the first anniversary of the Effective Date, the total Service Fees (and Cost-Plus Charges thereon) invoiced
divided by the total number of months this Agreement has been in effect, and then multiplied by twelve (12)). 
  “Argentina
NEBA” has the meaning given in the Demerger Agreement. 
  “Assignee Party” has the meaning set forth in
Section 4.1(c). 
 “Assigning Party” has the meaning set forth in
Section 4.1(c). 
 “Baseline Period” means the [six (6)] month period prior to the Effective Date
(or, where stated otherwise in Exhibit A in respect of a particular Service, such other period as is set out in Exhibit A for such Service only). 

“Brazil ATFA” has the meaning given in the Demerger Agreement. 

“Breaching Party” has the meaning set forth in Section 7.2. 

“Business” means the worldwide business of researching, developing, manufacturing, marketing, commercializing, distributing
and selling such over-the-counter consumer healthcare or medicine products, wellness products and other personal care, oral care, nutrition, skin health, cosmetic and
related products as conducted by Recipient (directly and indirectly through its Subsidiaries) as of the date of this Agreement and as of immediately prior to the Closing. 

“Business Day” means a day (other than a Saturday or Sunday) on which banks are open for general business in London, UK. 

“Business Employee” means each individual who, immediately prior to the Closing (i) is employed by Provider or a
Provider Affiliate (other than Recipient and any Recipient Affiliate) and devotes seventy percent (70%) or more of his or her services to the Business, or (ii) is employed by any Recipient or any Recipient Affiliate, including, to the extent
required by Law, any individual described in (i) or (ii) who is not actively at work as a result of an approved leave of absence (including disability leave, military leave, or family medical leave). 

  
 -2- 

 “Closing” means the closing of the transactions contemplated by the
Demerger Agreement pursuant and subject to the terms of such Demerger Agreement. 
 “Closing Date” means the date on which
the Closing occurs. 
 “Collateral Source” has the meaning set forth in Section 5.3. 

“Consumer Healthcare Group” has the meaning set forth in the Demerger Agreement. 

“Compliance Concern” has the meaning set forth in Section 2.11(a). 

“Confidential Information” has the meaning set forth in Section 6.1(a). 

“Connected Person” has the meaning set forth in the Demerger Agreement. 

“Consent” has the meaning set forth in Section 2.6. 

“Cosmos SAPA” means the stock and asset purchase agreement entered into between Pfizer Inc., Provider Parent, GlaxoSmithKline
Consumer Healthcare Holdings Limited and Recipient Limited dated 19 December 2018, as amended from time to time including on 31 July 2019. 

“Cost-Plus Charge” has the meaning set forth in Section 3.1(e). 

“Delayed Asset” means those assets, which are used by the Recipient and its Subsidiaries to conduct the Business as at the
Closing, but which have not been sold, conveyed, assigned, transferred or delivered to, or assumed by, Recipient or any applicable Recipient Affiliate on the Closing Date (i) pursuant to mutual agreement of the Parties; or (ii) in
accordance with the NEBA, Brazil AFTA or Argentina NEBA. 
 “Delayed Transfer” means with respect to a Delayed Asset, the
sale, conveyance, assignment, transfer, or delivery of such Delayed Asset to, or purchase or assumption of such Delayed Asset by, Recipient or any Recipient Affiliate following the Closing (A) pursuant to the NEBA, Brazil AFTA or Argentina NEBA
(as applicable) (provided that, unless otherwise mutually agreed by the Parties, in no event shall the date of any Delayed Transfer pursuant to this clause (A) be later than the last day of the period during which Provider is
required to continue to seek the applicable consent or approval with respect to such Delayed Asset pursuant to the NEBA, Brazil AFTA or Argentina NEBA (as applicable) (and for the avoidance of doubt, for purposes of this Agreement only, in the event
of the expiration of such period then the date of such Delayed Transfer with respect to such Delayed Asset shall be deemed to be the day of such expiration)); or (B) pursuant to the mutual agreement of the Parties. 

“Demerger Agreement” means the demerger agreement entered into between the parties dated on or about the date of this
Agreement pursuant to which GSK Parent intends to demerge the predominant part of its interest in its consumer healthcare business by way of an indirect dividend demerger; 

  
 -3- 

 “Demerger Completion Steps” means: 

(a)    GSK Parent delivering to Haleon Parent a duly executed transfer of the Relevant GSKCHHL Shares (as defined in the
Demerger Agreement) in favour of Haleon Parent, together with the relevant share certificate(s); 
 (b)    the entry
into the register of members of the Haleon Parent of the names of the Qualifying GSK Shareholders (as defined in the Demerger Agreement) to whom Haleon Demerger Shares (as defined in the Demerger Agreement) are to be allotted and issued pursuant to
that agreement; and 
 (c)    each of GSK Parent and Haleon Parent delivering, or procuring the delivery of, a duly
executed counterpart of each of the Ancillary Agreements (as defined in the Demerger Agreement) (other than those Ancillary Agreements that have already been entered into prior to completion of the Demerger Agreement) to which they or any members of
their respective Groups are party in the agreed form; 
 “Demerger Time” means the time at which the last of the Demerger
Completion Steps is completed; 
 “Dispute” means any dispute arising out of or in connection with this Agreement,
including any question regarding its existence, termination or validity. 
 “Early Termination Costs” has the meaning set
forth in Section 3.1(d). 
 “Effective Date” means the Demerger Time. 

“Effective Date Exit Services” means those Services identified in Exhibit A as such services that pursuant to a Work
Package the Parties have mutually agreed to terminate prior to or on the Effective Date, and which will incur Service Exit Costs after the Effective Date. 

“EBS Expiration Event” means, with respect to an Event Based Service, the event or trigger listed in Exhibit A under
the heading “Service Period” applicable to such Event Based Service. 
 “EBS Initial Service Period” means, with
respect to an Event Based Service, (i) the period of time from the Effective Date (or such later date as is specified in Exhibit A in respect of a particular Service) until the occurrence of the EBS Expiration Event applicable to such
Event Based Service, plus (ii) the EBS Tail Period applicable to such Event Based Service. 
 “EBS Service Extension
Period” has the meaning set forth in Section 2.5(c). 
 “EBS Service Period” means, with
respect to an Event Based Service, the EBS Initial Service Period, together with (i) any EBS Service Extension Period and (ii) any other extensions applicable to such Event Based Service that are permitted under this Agreement. 

“EBS Tail Period” means, with respect to an Event Based Service, the earlier of (i) six (6) months after the
occurrence of the EBS Expiration Event applicable to such Event Based Service, and (ii) any period of time described in Exhibit A under the heading “Service Period” as following the EBS Expiration Event applicable to such Event
Based Service. 

  
 -4- 

 “Event Based Service” means any Service for which an event or trigger
(rather than a fixed duration of time (e.g., two (2) months)) is listed in Exhibit A under the heading “Service Period”. 

“Excluded Services” has the meaning set forth in Section 2.1(a).  

“Fixed Period Service” means any Service for which a fixed duration of time (e.g., two (2) months) is listed in
Exhibit A under the heading “Service Period”. For clarity, each Service that is not an Event Based Service shall be a Fixed Period Service. 

“FPS Initial Service Period” means, with respect to a Fixed Period Service, an initial term of twelve (12) months or any
shorter period of time otherwise specified in Exhibit A under the heading “Service Period” applicable to such Fixed Period Service. 

“FPS Service Extension Period” has the meaning set forth in Section 2.5(a). 

“FPS Service Period” means, with respect to a Fixed Period Service, the FPS Initial Service Period, together with
(i) each applicable FPS Service Extension Period, and (ii) any other extensions applicable to such Fixed Period Service that are permitted under this Agreement. 

“Governmental Entity” means any supra national, national, state, municipal or local government (including any subdivision,
court, administrative agency or commission or other authority thereof) or any quasi-governmental or private body exercising any regulatory, taxing, importing or other governmental or quasi-governmental authority, including the European Union. 

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

“GSK Business” has the meaning set forth in the Demerger Agreement. 

“GSK Group” has the meaning set forth in the Demerger Agreement. 

“GSK Parent” means GSK plc, a public limited company incorporated under the laws of England and Wales with company number
03888792. 
 “Haleon Parent” means Haleon plc, a public limited company incorporated under the laws of England and Wales
with company number 13691224. 
 “Indemnified Party” has the meaning set forth in Section 5.2(a).

 “Indemnifying Party” has the meaning set forth in Section 5.2(a). 

“Information Systems” means (a) computer systems, servers, workstations, routers, hubs, switches, data communications
networks (other than the Internet) and other information 

  
 -5- 

 
technology equipment used to create, store, transmit, exchange or receive information, voice or data, and (b) documentation, user manuals, and training manuals documenting the functionality
or use of any of the foregoing. 
 “Initial Service Period” means, with respect to an Event Based Service, the applicable
EBS Initial Service Period, and with respect to a Fixed Period Service, the applicable FPS Initial Service Period. 
 “Insolvency
Event” means each and any of the following events occurring in relation to a Party as the case may be: 

(a)    a winding up petition is presented (except any winding up petition which is frivolous or vexatious and which is
discharged, stayed or dismissed within twenty (20) days of presentation) or a resolution is passed for its winding up (save for the purpose of a bona fide reorganisation or re-construction of that Party
whilst solvent); 
 (b)    it enters into any composition with its creditors generally, or suffers any similar action in
consequence of default by it in its obligations in respect of any indebtedness (save for the purpose of a bona fide reorganization or re-construction of that Party whilst solvent); 

(c)    an administration application is made in respect of it or it suffers a notice of appointment of an administrator or
a notice of intention to appoint an administrator to be filed at court in respect of it; 
 (d)    it stops payment of
its debts or it ceases or threatens to cease to carry on its business or any substantial part of it; 
 (e)    it has a
receiver, manager, administrative receiver or other similar official appointed over all or any part (which, in relation to a Party, is material in the context of the performance of the affected Party’s obligations under this Agreement) of its
property, undertakings or assets; 
 (f)    it suffers a creditor taking possession of all or any part of its business
or assets or suffers any execution or other legal process being enforced against its business or any of its substantial assets, which execution or legal process is not discharged within twenty (20) days; 

(g)    it is deemed for the purpose of Section 123 of the Insolvency Act 1986 to be unable to pay its debts; or 

(h)    an event or circumstance analogous to any of those referred to in (a) to (g) inclusive above under the laws of
any competent jurisdiction. 
 “Intellectual Property Rights” means all patents, trade and service marks, trade and service
names, logos, copyrights (including, without limitation, rights in computer Software), rights in designs and rights in databases (whether or not any of these is registered and including any applications for registration of any such thing) and all
other intellectual property rights or forms of protection of a similar nature or having equivalent or similar effect to any of the foregoing, which subsist anywhere in the world. 

  
 -6- 

 “Internet Identifier” means any Internet domain name or electronic address,
Internet domain name registration, uniform resource locator, social media accounts, or social media account addresses or other identifiers, alpha-numeric designations associated with any of the foregoing, and account names or identifiers, passwords
or other credentials to access or modify the access rights to any of the foregoing. 
 “Laws” means any statute, law, rule,
regulation, ordinance, code or rule of common law issued, administered or enforced by any Governmental Entity, or any judicial or administrative interpretation thereof, including the rules of any stock exchange or listing authority. 

“LCA” has the meaning set forth in Section 10.17. 

“Loss” means any and all damages, losses, Taxes, penalties, judgments, settlements, payments, fines, interest, costs and
expenses (including the reasonable out-of-pocket costs and expenses of attorneys and other professional advisors incurred in the investigation, defense and/or settlement
thereof). 
 “Manufacturing Registrations” means all governmental authorizations granted to Provider or any Provider
Affiliate by, or pending with, any Governmental Entity for manufacturing facilities. 
  “NEBA” has the meaning given in
the Demerger Agreement. 
  “Non-U.S. Affiliate” means, with respect to a
Person, any Affiliate of such Person that is not a U.S. Affiliate of such Person. 

“Non-Breaching Party” has the meaning set forth in
Section 7.2. 
 “Omitted Service” has the meaning set forth in
Section 2.4. 
 “Operating Manual” means a separate writing agreed by Provider and Recipient
prior to the Effective Date that sets forth the operating principles and procedures to be followed by both Provider and Recipient, and each of their respective Affiliates, in the support of the Business during the Term and in furtherance of the
requirements set forth in this Agreement, as may be amended from time to time thereafter by mutual agreement of the Parties in accordance with the process defined in the Operating Manual. 

“Party” or “Parties” has the meaning set forth in the preamble to this Agreement. 

“Person” means an individual, a limited liability company, joint venture, a corporation, a partnership, an association, a
trust, a division or operating group of any of the foregoing or other entity or organization, including a Governmental Entity. 
 “Pre-Approved Customer” means those customers set out in Part 2 of Exhibit K, which the Provider has consented to provide or permit the use of any of the Services if requested by Recipient or any
Recipient Affiliate. 
 “Pre-Approved Location” means any location owned or leased
by Recipient or any Recipient Affiliate for which Provider has consented to provide any of the Services if requested by Recipient or any Recipient Affiliate, such locations being those which are set out at Part 1 of Exhibit K. 

  
 -7- 

 “Pre-Approved Supplier” means those
suppliers set out in Part 3 of Exhibit K, which the Provider has consented to provide or permit the use of any of the Services if requested by Recipient or any Recipient Affiliate. 

“Proceedings” means any proceeding, suit or action arising out of or in connection with this Agreement or the negotiation,
existence, validity or enforceability of this Agreement, whether contractual or non-contractual. 

“Product Registrations” means all governmental authorizations granted to Provider (or one of its Subsidiaries) by, or pending
with, any Governmental Entity and related to the Business, to market any product, including FDA drug listings, FDA product marketing authorizations, other national or regional marketing authorizations or permits and CE marks anywhere in the world;
provided, it shall not include any Manufacturing Registrations. 
 “Provider” has the meaning set forth in the preamble to
this Agreement. 
 “Provider Assignor Party” has the meaning set forth in Section 10.4(c). 

“Provider Business Data” has the meaning set forth in Section 9.3(a)(iv).  

“Provider Combined Tax Return” means any tax return that includes Provider or any Provider Affiliate. 

“Provider Costs” means costs or expenses incurred by Provider or any Provider Affiliates that would have been incurred by any
of them in the ordinary course of decommissioning or ceasing to continue conducting the Business (or any part thereof) or any of their other businesses absent the sale of the Business to Recipient pursuant to the Demerger Agreement, including
redundancy costs, write-off costs, costs of internal archiving or decommissioning, or losses of volume benefits under third party contracts, in each case to the extent incurred as a result of such
decommissioning or cessation. 
 “Provider Indemnified Parties” has the meaning set forth in
Section 5.1(b). 
 “Provider Parent” has the meaning set forth in the preamble to this Agreement,
being the GSK Parent. 
 “Provider Personnel” means the employees and contractors of Provider or any Provider Affiliates or
Subcontractors who are involved in performing the Services. 
 “Provider Policies” has the meaning set forth in
Section 2.11(b). 
 “Provider Security Requirements” has the meaning set forth in
Section 2.10(d). 
 “Provider Party” or “Provider Parties” has the meaning set
forth in Section 10.4(c). 

  
 -8- 

 “Recipient” has the meaning set forth in the preamble to this Agreement.

 “Recipient Assignor Party” has the meaning set forth in Section 10.4(b).  

“Recipient Combined Tax Return” means any tax return that includes Recipient or any Recipient Affiliate. 

“Recipient Indemnified Parties” has the meaning set forth in Section 5.1(a). 

“Recipient Parent” means the Haleon Parent. 

“Recipient Party” or “Recipient Parties” has the meaning set forth in
Section 10.4(b). 
 “Recipient Security Requirements” has the meaning set forth in
Section 2.10(e). 
 “Representatives” means, with respect to any Person, such Person’s
Affiliates and any of such Person’s or any of its Affiliates’ directors, officers, managers, partners, employees, counsel, financial advisors, accountants, consultants and other advisors, representatives and agents. 

“Response Notice” has the meaning set forth in Section 2.3(b). 

“Retained Business” means the GSK Business. 

“Reverse Services” has the meaning set forth in Section 9.1. 

“Senior Managers” means
                                    , in the case of Provider,
and                                     , in the case of
Recipient. 
 “Service Exit Costs” means those costs and expenses which are reimbursable by Recipient, as set out in a Work
Package agreed in advance by Provider and Recipient, and are incurred by or on behalf of Provider and any Provider Affiliate after the Effective Date in connection with (i) planning and executing the migration of the Services to Recipient, any
Recipient Affiliate or a Subcontractor, and (ii) joint migration planning, data extraction, final data migration and decommissioning, or, subject to mutual agreement of the Parties (such agreement not to be unreasonably withheld, conditioned,
or delayed), removal of any changes made, in each case, to facilitate the provision of Services. Reasonable documentation and good faith estimates of Service Exit Costs will be provided to Recipient by Provider upon request. For clarity, Service
Exit Costs shall not include any Provider Costs or any Taxes, which are the subject of Section 3.2. 

“Service Costs” has the meaning set forth in Section 3.1(b). 

“Service Document”    means a claim form, application notice, order, judgment or other document relating
to any Proceedings. 
 “Service Fees” has the meaning set forth in Section 3.1(a). 

“Service Functional Lead” has the meaning set forth in Section 2.7. 

  
 -9- 

 “Service Period” means, with respect to an Event Based Service, the
applicable EBS Service Period, with respect to a Fixed Period Service, the applicable FPS Service Period, and with respect to an Effective Date Exit Service, the Effective Date. 

“Services” has the meaning set forth in Section 2.1(a). 

“Set-Up Costs” means those costs and expenses which are reimbursable by Recipient, as
set out in a Work Package agreed in advance by Provider and Recipient, and are incurred by or on behalf of Provider and any Provider Affiliate after the Effective Date in connection with preparation activities to make one or more Services available
to Recipient and any Recipient Affiliate and excluding any Taxes, which are the subject of Section 3.2. 

“Software” means (a) computer programs, including software implementation of algorithms, models and methodologies,
whether in source code, object code, human readable form or other form, (b) user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons, and (c) documentation, user manuals, and training manuals
documenting the functionality or use of any of the foregoing. 
 “Subcontractor” has the meaning set forth in
Section 2.2(b). 
 “Subsidiary” means a subsidiary undertaking as defined in section 1162
Companies Act 2006 (and a company shall be treated, for the purposes only of the membership requirement contained in subsections 1162(2)(b) and (d) respectively, as a member of another company even if its shares in that other company are
registered in the name of (A) another person (or its nominee) whether by way of security or in connection with the taking of security or (B) its nominee). 

“Tax Authority Claim” shall have the meaning given to that term in the Tax Covenant. 

“Tax Covenant” means the deed of tax covenant as entered into between GSK plc, Pfizer Inc., Haleon plc, Glaxosmithkline
Consumer Healthcare Holdings Limited and Glaxosmithkline Consumer Healthcare Holdings (No. 2) Limited on or about the date of this Agreement. 

“Tax” or “Taxes” shall have the meaning given to that term in the Tax Covenant. 

“Tax Authority” shall have the meaning given to that term in the Tax Covenant. 

“Term” has the meaning set forth in Section 7.1. 

“Termination Notice” has the meaning set forth in Section 2.3(b).  

“Third Party Claim” has the meaning set forth in Section 5.2(a). 

“Third-Party Location” means (i) any location requested by a third party recipient or user of the Services (e.g.,
service providers, subcontractors, customers, and consultants) where such type of request was typically accommodated by the Business in the ordinary course of business during the Baseline Period; and (ii) any location of a third party for which
Provider has agreed to provide any of the Services if requested by Recipient or any Recipient Affiliate, provided (in the case of (ii)) such consent is obtained from Provider in writing prior to the Effective Date. 

  
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 “Transaction Documents” has the meaning set forth in the Demerger
Agreement. 
 “Transfer Regulations” means the Transfer of Undertakings (Protection of Employment) Regulations 2006,
any law implementing Council Directive 77/187/EEC as amended by Council Directive 90/50/EC and any similar legislation in any jurisdiction which provides for the automatic transfer of employment in the event of a transfer of a business or services.

 “Transition Representative” has the meaning set forth in Section 2.7. 

“Transfer Taxes” means any federal, state, county, local, foreign and other transfer, real property transfer, conveyance,
documentary transfer, stamp, land or other similar Tax (including in each case any notarial fee), together with interest, penalties and additions thereto, but excluding any Taxes imposed on net income and franchise Taxes and any VAT, imposed in
connection with, or otherwise relating to, the transactions contemplated by this Agreement or the recording of any sale, transfer, conveyance or assignment of property (or any interest therein) effected pursuant to or contemplated by this Agreement.

 “U.S. Affiliate” means, with respect to a Person, an Affiliate of such Person which Affiliate is a U.S. person (or an
entity disregarded as separate from such U.S. person) for U.S. federal income tax purposes. 
 “U.S. Provider” has the
meaning set forth in the preamble to this Agreement. 
 “U.S. Recipient” has the meaning set forth in the preamble to this
Agreement. 
 “VAT” shall have the meaning given to that term in the Tax Covenant. 

“Withdrawal Notice” has the meaning set forth in Section 2.3(b). 

“Working Hours” means 9.00 a.m. to 5.00 p.m. (London time) on a Business Day.  

“Work Package” shall mean a separate writing, that forms part of this Agreement, mutually agreed by Provider and Recipient
that provides a reasonably detailed description of all work to be performed by Provider, and any of its Affiliates or Subcontractors, in planning and executing (a) the set-up of one or more Services after
the Effective Date, including a reasonable good faith estimate of all related Set-up Costs, (b) the migration of one or more Services at the end of the relevant Service Period to Recipient, or any of its
Recipient Affiliates or Subcontractors, including a reasonable good faith estimate of all related Service Exit Costs, or (c) the migration of one or more Effective Date Exit Services from the Effective Date to Recipient, or any of its Recipient
Affiliates or Subcontractors, including a reasonable good faith estimate of all related Service Exit Costs. 

  
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 Section 1.2    Interpretation 

In this Agreement unless otherwise specified: 

(a)    references to Sections, sub Sections, paragraphs, sub paragraphs, and Exhibits are to Sections, sub Sections,
paragraphs, sub paragraphs of, and Exhibits to, this Agreement; 
 (b)    use of any gender includes other genders; 

(c)    references to a “company” shall be construed so as to include any corporation or other body corporate,
wherever and however incorporated or established; 
 (d)    references to a “person” shall be construed so as
to include any individual, firm, company, corporation, body corporate, government, state or agency of a state, local or municipal authority or government body or any joint venture, association or partnership (whether or not having separate legal
personality); 
  (e)    references to a “holding company” shall be construed as a holding company defined
in section 1159 of the Companies Act 2006; 
  (f)    references to a “parent undertaking” shall be
construed as a parent undertaking as defined in section 1162 of the Companies Act 2006; 
 (g)    a reference to any
statute or statutory provision shall be construed as a reference to the same as it may have been, or may from time to time be, amended, modified or re-enacted and shall include any subordinate legislation made
from time to time under that statute or statutory provision, except to the extent that any amendment or modification made after the date of this Agreement would increase or alter the liability of Provider or Recipient under this Agreement; 

(h)    any reference to a “day” (including within the phrase “Business Day”) shall mean a period of 24
hours running from midnight to midnight; 
 (i)    references to times are to London time (unless otherwise stated);

 (j)    reference to “liabilities”, “costs” and/or “expenses” incurred by a person shall
not include any amount in respect of VAT or any Tax of a similar nature included in such liabilities, costs and/or expenses for which that person or any other member of its Group is entitled to credit or repayment from any Tax Authority; 

(k)    references to “indemnify” any person against any circumstance shall include indemnifying and keeping such
person harmless in respect of the matter in question and, unless otherwise specified, any indemnity given in this agreement shall be deemed to have been given on an after-Tax basis; 

  
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 (l)    any indemnity or obligation to pay (the “Payment
Obligation”) being given or assumed on an “after-Tax basis” or expressed to be “calculated on an after-Tax basis” means that the amount payable
pursuant to such Payment Obligation (the “Payment”) shall be calculated in such a manner as will ensure that, after taking into account: 

(i)    any Tax required to be deducted or withheld from the Payment; 

(ii)    the amount and timing of any additional Tax which becomes payable as a result of the Payment’s
being subject to Tax; and 
 (iii)    the amount and timing of any Tax benefit which is obtained, to the
extent that such Tax benefit is attributable to the matter giving rise to the Payment Obligation and is realized in respect of any such Payment in the taxable year of the Payment or the subsequent two (2) taxable years, the recipient of the
Payment is in the same position as that in which it would have been if the matter giving rise to the Payment Obligation had not occurred (or, in the case of a Payment Obligation arising by reference to a matter affecting a person other than the
recipient of the Payment, the recipient of the Payment and that other person are, taken together, in the same position as that in which they would have been had the matter giving rise to the Payment Obligation not occurred), provided that the amount
of the Payment shall not exceed that which it would have been if it had been regarded for all Tax purposes as received solely by the recipient and not any other person; and 

(m)    the rule known as the ejusdem generis rule shall not apply and accordingly: 

(i)    general words introduced by the word “other” shall not be given a restrictive meaning by
reason of the fact that they are preceded by words indicating a particular class of acts, matters or things; and 

(ii)    general words shall not be given a restrictive meaning by reason of the fact that they are followed
by particular examples intended to be embraced by the general words. 
 (n)    In this Agreement, unless otherwise
specified: 
 (i)    all headings and titles are inserted for convenience only and are to be ignored in
the interpretation of this Agreement; and 
 (ii)    the Exhibits, Annexes and Schedules form part of
this Agreement and shall have the same force and effect as if expressly set out in the body of this Agreement, and any reference to this Agreement shall include the Schedules. 

(o)    The terms “pounds”, “GBP” and “£” mean UK pounds sterling; and the terms
“dollars”, “USD” and “$” mean U.S. dollars. 
 (p)    Wherever the words
“material” or “materially” are used in this Agreement they shall be applied using their commonly understood meaning in each relevant context, except to the extent specifically defined in the Operating Manual. 

  
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 (q)    Any consent or agreement of Provider shall be deemed to be the
consent or agreement of its applicable Affiliates, including U.S. Provider, and any consent or agreement of Recipient shall be deemed to be the consent or agreement of its applicable Affiliates, including U.S. Recipient. 

(r)    Any reference to “writing” or comparable expressions includes a reference to facsimile transmission, e-mail or comparable means of communication. 
 (s)    When calculating the period of
time before which, within which or following which any act is to be done or step taken (or not taken) pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded, except that if the last day of such
period is a non-Business Day, the period in question shall end on the next succeeding Business Day. 

ARTICLE II 

SERVICES; STANDARD OF PERFORMANCE 

Section 2.1    Services 

(a)    Subject to the terms and conditions of this Agreement, beginning on the Effective Date (or such other date as may be
specified in Exhibit A in respect of a particular Service or, with respect to a Service to the extent provided in connection with a Delayed Asset, the date of the applicable Delayed Transfer or such other date agreed in writing by the
Parties), and continuing for the duration of the applicable Service Period, Provider shall provide, or cause to be provided, to Recipient and its Affiliates the services identified in Exhibit A, as such
Exhibit A may be supplemented or modified from time to time in accordance with the provisions of this Agreement (the “Services”). Notwithstanding anything to the contrary herein, the Services shall exclude
the services identified in Exhibit B to the extent not conflicting with any service identified in Exhibit A, as so supplemented or modified (the “Excluded Services”). The
provision to the Business of any Excluded Services shall be discontinued as of the Effective Date. 
 (b)    Except as
set forth in Section 2.1(e), the Services shall only be used by Recipient and its Affiliates, and only to the extent in connection with the operation of the Business, and shall not be used by Recipient or its Affiliates for
any other purpose or (except as expressly permitted in accordance with Section 2.3(d), otherwise expressly provided in Exhibit A, Exhibit E or otherwise agreed in writing by the Parties) in any other manner
(including as to scope, volume and location) than the purpose or manner in which such Services were used by Provider and its Affiliates in connection with the operation of the Business in the ordinary course during the Baseline Period. Except as set
forth in Section 2.1(e), Recipient and its Affiliates shall not resell, license or otherwise permit the use by any other Person of any of the Services. 

(c)    Subject to Section 2.3(d), Provider shall have no obligation to provide, or cause to be
provided, Services other than for the benefit of the Business, and shall not be required to provide such Services (i) within a greater scope than or in a greater volume than the greater of the scope or volume (A) with which such Services
were provided by Provider and its Affiliates to the Business in the ordinary course during the Baseline Period and (B) set forth in Exhibit E, or 

  
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(ii) at locations other than (A) the locations at which such Services were provided by Provider and its Affiliates to the Business in the ordinary course during the Baseline Period,
(B) the locations set forth in Exhibit A (C) Pre-Approved Locations, and (D) Third-Party Locations. All reasonable net costs and expenses (excluding Taxes, which are the subject of
Section 3.2) incurred in providing Services at any location set forth in sub Section (ii)(B), (ii)(C) or (ii)(D) of this Section 2.1(c) shall be borne by Recipient (and, to the
extent such amounts have not already been factored into the Service Fee, the Service Fee for such Service will increase by the incremental amount of any such recurring costs and expenses (that are not Service Costs,
Set-Up Costs, Service Exit Costs, or Early Termination Costs) or, in the case of any one-time costs and expenses relating to the provision of Services at such location,
such costs and expenses shall be deemed to be Service Costs, Set-Up Costs, Service Exit Costs, or Early Termination Costs, as applicable). 

(d)    Subject to Section 2.3(d), Provider shall have no obligation to provide, or cause to be
provided, Services to the extent that any changes are made to the Business (except as necessary to effect the transactions contemplated by the Demerger Agreement or with respect to an internal restructuring of the Business by Recipient or any of its
Affiliates that is reasonably necessary as a result of the transactions contemplated by the Demerger Agreement immediately following the Effective Date) that increase in any material respect Provider’s or its Affiliates’ burden or cost
(excluding Taxes, which are the subject of Section 3.2) with respect to the provision of such Services or that make commercially impracticable the provision of such Services, including as a result of (i) mergers,
acquisitions, divestitures, consolidations, reorganizations or similar transactions (other than as part of a transaction set out in Exhibit E or a divestiture of any portion of the Business that is required by applicable Laws in order to
complete the transactions contemplated by the Demerger Agreement and any of the Ancillary Agreements), or (ii) employee additions, reductions or other changes, in the case of sub Section (ii), not in the ordinary course of business of
the Business consistent with past practice. For the avoidance of doubt, the preceding sentence shall not restrict the ability of Recipient or its Affiliates to engage in any of the actions listed in the preceding sentence while receiving the
Services. 
 (e)    Except as set forth in this Section 2.1(e), Provider shall have no
obligation to provide, or cause to be provided, Services to any Person other than Recipient and its Affiliates. Notwithstanding anything else to the contrary contained herein, Recipient and its Affiliates may permit any Person (including service
providers, subcontractors, customers, and consultants) to receive or use the Services (and Provider shall so provide to any such Person the Services) (i) to the extent any such Person (or a similar Person) received or used the Services (or
services similar thereto) in connection with the Business during the Baseline Period or such Person is a Pre-Approved Customer or a Pre-Approved Supplier,
provided that any such Person or similar Person complies with the generally applicable policies, procedures and practices with respect to the Services followed by Provider and its Affiliates, including the Security Requirements and any
applicable vendor policies (and such continued use is not inconsistent with any third party licences, permissions or consents applicable to such Services), in all cases to the extent Recipient is required to comply therewith, or (ii) in
connection with any sale, transfer, or other disposal of all or any part of the Business (including any product, asset, or service with respect thereto), provided that, with respect to sub Section (ii), Provider has consented (such
consent not to be unreasonably withheld, conditioned, or delayed to the extent such sale, transfer or disposal is required by applicable Laws in order to complete the transactions contemplated by the Demerger Agreement and any of the Ancillary
Agreements or is part of a transaction set out in Exhibit E) to the receipt or use of the Services by any such Person in connection therewith. 

  
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 (f)    With respect to any Services marked as “Buy/Sell
Distribution” in Exhibit A, the Parties will comply with their obligations as set out in Exhibit M. 

Section 2.2    Standard of Performance 

(a)    Provider shall provide the Services with: (i) reasonable skill and care; and (ii) consistent in all
material respects with the level of skill and care provided to the Business in the ordinary course during the Baseline Period (where there is a Baseline Period). 

(b)    Provider shall have the right to perform its obligations under this Agreement through one or more Provider
Affiliates, and each of the foregoing may hire third party service providers, subcontractors and consultants (each, a “Subcontractor”) to perform any of Provider’s obligations hereunder, including to provide all or part of any
Service, provided that (i) the use of such Subcontractor to so perform will not adversely affect the applicable Services in any material respect or materially increase Recipient’s costs or expenses hereunder for the applicable
Services, (ii) Provider shall in all cases retain responsibility for the provision of the Services to Recipient in accordance with this Agreement and be liable for any breach by any such Affiliate or Subcontractor of the terms of this Agreement
to the same extent as if such breach was Provider’s breach, and (iii) Provider shall use reasonable endeavours to provide reasonable notice to Recipient prior to the engagement of any Subcontractor to perform any of Provider’s
obligations hereunder if such Subcontractor (x) was not engaged by Provider or any Provider Affiliates during the Baseline Period for the performance of such obligations and (y) is engaged solely to perform any of Provider’s
obligations hereunder (and not for the benefit of Provider’s or its Affiliates’ own businesses). Any set-up activities required as a result of the appointment or replacement of any Subcontractor
shall be agreed in a Work Package in accordance with Section 3.1(c)(ii). Except as set forth in this Section 2.2(b), neither Provider nor its Affiliates, nor any other Person on their behalf, makes
any conditions, representations or warranties, express or implied, with respect to any Services provided by a Subcontractor. 

(c)    As between the Parties, except as otherwise agreed by the Parties in writing, Provider shall have sole discretion
and authority with respect to designating, employing, assigning, compensating and discharging personnel and Subcontractors in connection with the performance of the Services, and, except as necessary to perform the Services, in no event shall
Provider be obligated under this Agreement to retain or employ any specific personnel or Subcontractors, acquire any equipment or technology, expand or modify any facilities or incur any capital expenditures, in each case unless Provider agrees in
writing, in its sole discretion, to do so and Recipient agrees to bear all related costs and expenses. 

(d)    Provider and its Affiliates shall not de-prioritize the provision of the
Services to Recipient and its Affiliates hereunder relative to the priority in which it provided comparable services to the Business in the ordinary course during the Baseline Period in a manner that would result in a failure by Provider to provide
the Services in accordance with Section 2.2(a). 

  
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 Section 2.3    Service Changes 

(a)    Any Service may be terminated, in whole or in part, upon the mutual written consent of the Parties, and in such
case, the applicable Service shall terminate on the date mutually agreed upon in writing by Provider and Recipient, Exhibit A shall be deemed amended to delete such Service as of such date and (subject to
Section 2.3(c)) this Agreement shall be of no further force and effect with respect to such Service, except as to liabilities or obligations accrued prior to the date of termination of such Service. 

(b)    Any Service may be terminated, in whole or in part, by Recipient upon written notice (a “Termination
Notice”) to Provider at least ninety (90) days (or such fewer days as specified in Exhibit A) prior to such termination, and in such case, unless a Withdrawal Notice is timely delivered to Provider as set forth below, the
applicable Service (or part thereof) shall terminate on the termination date specified in the Termination Notice (or such other date mutually agreed upon in writing by Provider and Recipient), Exhibit A shall be deemed amended to delete such
Service (or part thereof) as of such date and (subject to Section 2.3(c)) this Agreement shall be of no further force and effect with respect to such Service (or part thereof), except as to liabilities or obligations
accrued prior to the date of termination of such Service. Within thirty (30) days following receipt of a Termination Notice, Provider shall provide Recipient with written notice (a “Response Notice”) regarding (i) whether
the termination of the applicable Service will require the termination or partial termination of, or otherwise affect the performance of, any other interdependent Services; (ii) any Early Termination Costs that will arise from the termination
of such applicable Service and any such interdependent Services (including, for clarity, any such costs arising out of legally binding commitments made to, or in respect of, personnel or Subcontractors, for whom more than ninety (90) days’
(or such fewer days as specified in Exhibit A) notice of termination is required), including an estimate of the amount thereof; and (iii) in respect of any termination of a Service in part, the extent to which the Service Fee for such
Service shall reduce (if at all) pursuant to Section 3.1(g). With respect to any Response Notice, Recipient may withdraw its Termination Notice by delivering a written notice (a “Withdrawal Notice”) to
Provider within five (5) days following the receipt of such Response Notice from Provider. The Parties may agree shorter time periods for the issuing of a Response Notice and a Withdrawal Notice where less than ninety (90) days’
notice for a Termination Notice is specified in Exhibit A in respect of a particular Service. If Recipient timely delivers a Withdrawal Notice, the Termination Notice shall be deemed withdrawn and the applicable Service shall not be affected.
If Recipient does not timely deliver a Withdrawal Notice, the Termination Notice will be final, binding and irrevocable and Provider may so terminate or so affect the performance of such other Services set forth in the Response Notice, and
Exhibit A shall be deemed amended accordingly. For the avoidance of doubt, and without limitation, this Section 2.3(b) applies only to termination (and not expiration) of Services, and no notice shall be required to
effectuate the expiration of any Service upon the expiration of its applicable Service Period. 
 (c)    Upon
termination of a Service in whole pursuant to this Agreement, Provider’s obligation to provide, and Recipient’s obligation to pay for, such terminated Service beyond the specified termination date will terminate. Upon termination of a
Service in part: (i) Provider’s obligation to provide the portion of the Service that is terminated beyond the specified termination date will terminate; and (ii) the Service Fee for such Service shall be reduced as agreed by the
Parties in writing where the termination is pursuant to Section 2.3(a) (applying the principles set out in Section 3.1(g)) or as set out in the Response Notice where the termination is pursuant to
Section 2.3(b). Further, in the event of any termination in whole or in part, Recipient shall pay 

  
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Provider (or its applicable Affiliate) for all accrued and unpaid Set-Up Costs, Service Fees (and applicable Cost-Plus Charge) and Service Costs for such
terminated Service or part thereof. Solely with respect to a termination of a Service in whole or in part pursuant to Section 2.3(a) or Section 2.3(b), or to termination by Provider or Recipient in
accordance with Section 7.2 (unless Provider is the Breaching Party or a Party is subject to an Insolvency Event thereunder), Recipient shall reimburse Provider (or its applicable Affiliate) for all Early Termination Costs
incurred by or on behalf of Provider or its Affiliates in connection with such termination, in each case in accordance with Article III. 

(d)    Scope, Volume, and Location Changes 

(i)    If Recipient desires to increase the scope or volume of any Service beyond the scope or volume of
such Service as (A) provided by Provider or its Affiliates to the Business in the ordinary course during the Baseline Period or (B) otherwise contemplated by Exhibit E, Recipient shall provide a written request to Provider for such
increase in scope or volume of Service and Recipient and Provider shall discuss in good faith such request. If such increase is non-material, Provider shall provide such requested increase in scope or volume
of Service. If such increase is material, where material shall be determined in accordance with the Operating Manual, Provider shall only be required to provide such requested material increase in scope or volume of Service to the extent the
applicable material increase (1) arises from organic growth of the Business not otherwise set out in Exhibit E (it being understood that (x) the commercialization of a product that was, as of the Effective Date, being researched or
developed, but not yet commercialized, and (y) the resolution or alleviation of any supply chain constraint that impacted the Business during the Baseline Period shall each constitute changes to the Services and organic growth of the Business),
(2) is not requested as a result of, or otherwise in connection with, any mergers, acquisitions, divestitures, consolidations, reorganizations, or similar transactions (except for a divestiture of any portion of the Business that is required by
applicable Laws in order to complete the transactions contemplated by the Demerger Agreement and any of the Ancillary Agreements or any internal restructuring of the Business by Recipient or any of its Affiliates that is reasonably necessary as a
result of the transactions contemplated by the Demerger Agreement or the Ancillary Agreements immediately following the Effective Date), and (3) would not require Provider or its Affiliates to allocate resources and capabilities to effect such
increase in scope or volume of Service materially in excess of its then-current ordinary course resources and capabilities. In the case of such a requested material increase that does not satisfy sub Sections (1), (2), and (3), such increase shall
not be required without Provider’s consent. Notwithstanding anything to the contrary in this Section 2.3(d)(i), in no event shall Provider be required to provide such a requested material increase to the extent that
such material increase would reasonably be expected to adversely affect in any material respect any of Provider’s other material obligations or material commitments (including to its and its Affiliates’ business operations). All reasonable
net costs and expenses incurred in providing any increase in scope or volume of Service desired by Recipient and referenced in this Section 2.3(d)(i) (including, for clarity, any
non-material increase) (but excluding Taxes, which are the subject of Section 3.2) shall be borne by Recipient (and the Service Fee for such Service will increase by the incremental
amount of any such recurring costs and expenses (that are not Service Costs, Set-Up Costs, Service Exit Costs, or Early Termination Costs) or, in the case of any
one-

  
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time costs and expenses relating to such increase, such costs and expenses shall be deemed to be Service Costs, Set-Up Costs, Service Exit Costs, or Early
Termination Costs, as applicable). 
 (ii)    If Recipient desires to change the location at which any
Service is provided from (A) the location at which such Service was provided by Provider to the Business in the ordinary course during the Baseline Period, (B) any location set forth in Exhibit A (C) any Pre-Approved Location, or (D) any Third-Party Location, Recipient shall provide a written request to Provider for such change in location and Recipient and Provider shall
discuss in good faith such request. Provider shall only be required to provide the applicable Service to such new location to the extent such change (1) is not requested as a result of, or otherwise in connection with, any mergers,
acquisitions, divestitures, consolidations, reorganizations or similar transactions (except for a transaction set out in Exhibit E, a divestiture of any portion of the Business that is required by applicable Laws in order to complete the
transactions contemplated by the Demerger Agreement and any of the Ancillary Agreements, or any internal restructuring of the Business by Recipient or any of its Affiliates that is reasonably necessary as a result of the transactions contemplated by
the Demerger Agreement or the Ancillary Agreements immediately following the Effective Date), (2) would not require Provider to allocate resources and capabilities to effect such change in location materially in excess of its then-current ordinary
course resources and capabilities, and (3) is necessary and required in order for Recipient or any Recipient Affiliate to comply with changes in applicable Laws during the Term. In the case of such a requested change that does not satisfy Sub
Sections (1), (2), and (3), such change shall not be required without Provider’s consent. Notwithstanding anything to the contrary in this Section 2.3(d)(ii), in no event shall Provider be required to change any such
location to the extent that such change would reasonably be expected to adversely affect in any material respect any of Provider’s other material obligations or material commitments (including to its and its Affiliates’ business
operations). All reasonable net costs and expenses (excluding Taxes, which are the subject of Section 3.2) incurred in effecting any location change desired by Recipient to the location of the applicable Service and
referenced in this Section 2.3(d)(ii) shall be borne by Recipient (and the Service Fee for such Service will increase by the incremental amount of any such recurring costs and expenses (that are not Service Costs, Set-Up Costs, Service Exit Costs, or Early Termination Costs) or, in the case of any one-time costs and expenses relating to such location change, such costs and expenses
shall be deemed to be Service Costs, Set-Up Costs, Service Exit Costs, or Early Termination Costs, as applicable). 

(e)    It is understood and agreed that Provider may from time to time change the manner or nature of any Service provided
to Recipient or make changes to its information technology services if (i) Provider is making similar changes in the performance of services similar to such Service for itself and all or substantially all of its Affiliates that use or receive
such services, (ii) such changes are required by applicable Laws, (iii) are (in accordance with good industry practice) necessary for the upkeep, stability and maintenance of the Service (including security and general software patches and
upgrades), or (iv) such changes would not reasonably be expected to adversely affect in any material respect the provision of such Service; provided that, with respect to the foregoing sub Sections (i) through (iv),
Provider shall provide Recipient with prior written notice as promptly as practicable of any such changes that are material. Any 

  
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incremental costs and expenses incurred by or on behalf of Provider or its Affiliates in making any such change to the Services performed hereunder or in providing such Services as contemplated
by this Section 2.3(e) shall be borne by Provider, except that, in the case of changes required by sub Section (ii), the incremental costs and expenses of such changes shall be borne proportionally by Recipient and
Provider to the extent such changes apply to both the Services and to any of Provider’s and its Affiliates’ other businesses, and in the case of changes required by Sub Sections (ii) and (iii), the Recipient shall
be responsible for any and all of its internal costs and expenses associated with testing and implementing the change. 

(f)    Unless expressly stated otherwise in this Agreement, in no event shall any reduction in the scope or volume of, or
change in location of, or adverse change in the quality or standard of care of, any Service occurring following the date of the Demerger Agreement and prior to the Effective Date limit or modify any of Provider’s obligations under this
Agreement. 
 Section 2.4    Omitted Services 

If, within one hundred and fifty (150) days following the Effective Date (or, with respect to a Service to the extent provided in
connection with a Delayed Asset, one hundred and fifty (150) days following the date of the applicable Delayed Transfer), Recipient identifies a service (an “Omitted Service”) that (a) was provided or is substantially
similar to a service that was provided by Provider or any Provider Affiliate to the Business in the ordinary course during the Baseline Period, (b) is reasonably necessary for the Business to operate in substantially the same manner as the
Business operated during the Baseline Period, (c) is not included in Exhibit A or Exhibit B, and (d) would not require Provider or its Affiliates to allocate resources or capabilities materially in excess of its then-current
ordinary course resources and capabilities (provided, for clarity, that resources or capabilities necessary to prepare to make such service available or plan and execute the migration of such service shall not be deemed to be resources or
capabilities materially in excess of Provider’s or its Affiliates’ then-current ordinary resources or capabilities, as long as providing the Omitted Service itself does not require Provider or its Affiliates to allocate resources or
capabilities materially in excess of its then-current ordinary resources or capabilities), then the Parties shall amend Exhibit A to add such Omitted Service, and in such case, such Omitted Service will be deemed a Service hereunder;
provided that Provider shall have no obligation to provide such Omitted Service unless and until the Parties mutually agree (which agreement shall not be unreasonably withheld, conditioned, or delayed) on all terms and conditions for the
provision of such Omitted Service, including the Initial Service Period and the Service Fee of such Omitted Service, which terms and conditions shall be consistent with the provisions of this Agreement, including the methodology to calculate the
Service Fees reflected herein and in Exhibit A. Each Party shall give due consideration to business continuity concerns in connection with any request for an Omitted Service pursuant to this
Section 2.4. 
 Section 2.5    Service Extensions 

(a)    If Recipient reasonably determines that it will require a Fixed Period Service to continue beyond the FPS Initial
Service Period for such Fixed Period Service, Recipient may extend such Fixed Period Service for up to two (2) six (6) month periods (each, an “FPS Service Extension Period”), each upon written notice to Provider no less than
sixty (60) days (or such fewer days as specified in Exhibit A) prior to the end of the then-current FPS Initial Service 

  
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Period or FPS Service Extension Period (provided, however, that the Recipient will notify the Provider immediately upon becoming aware of any event which would give rise to the Recipient
exercising its rights under this Section 2.5(a)), as applicable; provided that (i) the Service Fee for each such FPS Service Extension Period shall increase in accordance with
Section 3.1(a), and (ii) except to the extent there is an extension in accordance with Section 2.5(b) or Section 10.16, in no event shall any FPS Initial Service
Period together with the applicable FPS Service Extension Periods end later than (A) twenty-four (24) months following the Effective Date, and (B) to the extent with respect to any Delayed Asset, the period of time following the date
of the applicable Delayed Transfer that is equal to twenty-four (24) months less such number of months (up to a maximum of twelve (12) months) in the period after the Effective Date up to the date of the applicable Delayed Transfer during
which Recipient is actually able to conduct material preparatory work regarding transitioning off the Services related to such Delayed Asset. 

(b)    If, having fully exercised its extension rights in Section 2.5(a) or
Section 2.5(c) (as applicable), Recipient reasonably determines that it will require a Fixed Period Service or an Event Based Service to continue beyond what would otherwise be the end of the Service Period, because of a
delay in (or inability to complete) the transition or migration of such Service as a result of: (i) Provider’s or any of its Affiliates’ or Subcontractors’ material breach of or material failure to perform any of its covenants or
agreements under this Agreement or the Work Packages, (ii) any requirement of applicable Laws, or (iii) any act or omission of a Governmental Entity (including any delay or inability to obtain, transfer, change, or approve any Product
Registration or Manufacturing Registration), then, without limitation of Section 10.16, Recipient may extend the period of performance of such Fixed Period Service or Event Based Service for the period of such delay or
inability (e.g., an extension of up to thirty (30) days where the period of such delay or inability is thirty (30) days) with Provider’s prior written consent (not to be unreasonably withheld, conditioned, or delayed); provided, that
(x) Provider’s consent shall not be required for up to the first twelve (12) months of any such extension pursuant to sub Section (i) (for clarity, the foregoing is without limitation of Recipient’s ability to further
extend such services beyond such first twelve (12) months upon Provider’s consent in accordance with this Section 2.5(b)) and (y) in respect of any such extension pursuant to sub Section (iii), only
that part of the Fixed Base Service or Event Based Service impacted by the act or omission of a Governmental Entity may be extended. Recipient shall notify the Provider immediately upon becoming aware of any event which would give rise to the
Recipient exercising its rights under this Section 2.5(b). During any extension period granted in accordance with this Section 2.5(b), the Parties shall reasonably cooperate to mitigate and cure
the circumstances that gave rise to such extension in order to prevent any need for further extensions. 
 (c)    If
Recipient reasonably determines that it will require an Event Based Service to continue beyond the EBS Initial Service Period for such Event Based Service, upon written notice to Provider no less than ten (10) days prior to the end of the
applicable EBS Initial Service Period (provided, however, that the Recipient will notify the Provider immediately upon becoming aware of any event which would give rise to the Recipient exercising its rights under this
Section 2.5(c)), the period of performance for such Event Based Service shall be extended for a period equaling six (6) months less the duration of any EBS Tail Period with respect to such Event Based Service (such
extension period, an “EBS Service Extension Period”); provided that the Service Fee for each such EBS Service Extension Period shall increase in accordance with Section 3.1(a). For clarity, except to
the extent there is an extension in accordance with Section 2.5(b), no Event Based Service with an EBS Tail Period equaling six (6) months shall be eligible for extension. 

  
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 Section 2.6    Third Party Terms and Conditions; Consents

 Recipient hereby acknowledges and agrees that the Services provided by Provider through Subcontractors, or using third party assets,
including Intellectual Property Rights, are subject to the terms and conditions of any applicable agreements with such third parties and subject to the receipt of any consent, authorization, order or approval of, or any exemption by, any third party
(each, a “Consent”) required to be obtained by Provider (or its Affiliates or its or their Subcontractors) for the performance of Provider’s obligations under this Agreement, which Provider shall use its reasonable endeavours
to obtain, and Recipient shall, and shall cause its Affiliates to, reasonably cooperate with and assist Provider (or its Affiliates or its or their Subcontractors) in so obtaining; provided that neither Party shall be obligated to incur any
costs or expenses to obtain any such Consent; provided, further, that if any costs or expenses (excluding Taxes, which are the subject of Section 3.2) must be incurred to pay for a Consent, or for the
assignment of a license or other rights to Recipient or its Affiliates, or for the purchase or licensing of any Intellectual Property Rights or other assets to provide the Services to Recipient or its Affiliates, and Recipient wishes that such
Consent be obtained or such assignment, purchase or license be effected (having given its prior written consent to the applicable costs and expenses), such costs and expenses shall be borne by Recipient (and the Service Fee for such Service will
increase by the amount of any such recurring costs and expenses (that are not Service Costs, Set-Up Costs, Service Exit Costs, or Early Termination Costs) or, in the case of any
one-time costs and expenses relating to such modifications, such costs and expenses shall be deemed to be Service Costs, Set-Up Costs, Service Exit Costs, or Early
Termination Costs, as applicable, hereunder). If Provider is unable to obtain any required Consent, or to effect any required assignments, purchases or licenses, or Recipient does not give its consent to the costs and expenses payable for the same
in accordance with the preceding sentence, the Parties shall use reasonable endeavours to (a) negotiate in good faith reasonable modifications to the Services such that such Consents, assignments, purchases or licenses are not required, and
(b) implement such modifications. Any costs and expenses (excluding Taxes, which are the subject of Section 3.2) reasonably incurred by or on behalf of Provider or its Affiliates with respect to such mutually agreed
modifications shall be borne by Recipient (and the Service Fee for such Service will increase by the amount of any such recurring costs and expenses (that are not Service Costs, Set-Up Costs, Service Exit
Costs, or Early Termination Costs) or, in the case of any one-time costs and expenses relating to such modifications, such costs and expenses shall be deemed to be Service Costs,
Set-Up Costs, Service Exit Costs, or Early Termination Costs, as applicable, hereunder). Notwithstanding anything to the contrary herein, subject to Provider complying with its obligations under this
Section 2.6, to the extent Provider does not obtain any required Consent, or effect any required assignments, purchases or licenses, for a Service; (i) Provider shall decide, in its absolute discretion, whether or not
to perform such Service (provided that if Provider decides to perform the Service, it shall first obtain the prior written consent of Recipient and Recipient shall indemnify and hold harmless Provider from and against any Losses suffered or
incurred as a result of any third party claim arising under or in connection to the provision of the Service without the required Consent); and (ii) Provider will not be in breach of this Agreement or have any liability to Recipient or its
Affiliates as a result of any non-performance of, or other effect upon, such Service caused by this. If any Consent, assignment, purchase or license is required to be obtained with respect to any third

  
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party relationship of Recipient or its Affiliates for the receipt of Services, Recipient shall be solely responsible for obtaining any such Consent, assignment, purchase or license at its sole
cost and expense; provided that Provider shall, and shall cause its Affiliates to, reasonably cooperate with and assist Recipient (or its Affiliates) in so obtaining. 

Section 2.7    Transition Representatives 

Each Party shall designate an individual to be the primary liaison between the Parties for the transition of the Business and the provision and
receipt of, and the transfer of responsibility for, the Services (each, a “Transition Representative”). Each Party shall also designate individuals to be the primary representatives of such Party with respect to each of the
functional areas of the Services (e.g., information technology, finance) (each, a “Service Functional Lead”). The Parties agree that any issues arising under this Agreement in relation to a particular Service will be raised first by
and between the Service Functional Leads responsible for the functional area of the relevant Service before being referred to the Transition Representatives. The Transition Representatives and Service Functional Leads, or their respective designees,
shall meet regularly in person, telephonically or as they otherwise agree during the Term to discuss any issues arising under this Agreement that have not been resolved by the Service Functional Leads and the need for any modifications or additions
hereto. Either Party may replace its Transition Representative or any Service Functional Lead with an individual who has a comparable level of responsibility within its respective organization. Each Party shall provide written notice of its
Transition Representative and Service Functional Leads to the other Party promptly following the execution of this Agreement and promptly following any changes to such Party’s Transition Representative or any Service Functional Lead, in each
case in accordance with Section 10.1. The Transition Representatives and Service Functional Leads shall perform their duties in accordance with the Operating Manual and this Agreement. Subject to Section 10.1, the
Provider and Recipient shall agree and set forth in the Operating Manual such other and additional processes and procedures for managing the day-to-day communications
between the employees and representatives of Provider (and its Affiliates) and Recipient (and its Affiliates), including any decision-making required of the Parties to effectively coordinate their respective governance roles and responsibilities
under the Agreement. 
 Section 2.8    Transitional Nature of Services and Assistance 

The Parties hereby acknowledge the transitional nature of the Services. Accordingly, as promptly as practicable following the execution of this
Agreement, Recipient agrees to use and to cause its Affiliates to use reasonable endeavours to transition each Service to its own internal organization or obtain alternate third parties to provide the Services. Recipient shall inform Provider of any
developments or changes (including as a result of the termination of any Services hereunder) that would reasonably be expected to impair Recipient’s ability to adhere to any Work Package, and shall update the Work Package in accordance with the
Operating Manual upon Provider’s reasonable request. Subject to the provisions of Section 3.1(c)(iii), any amendments to a Work Package must be agreed in writing by both Parties in accordance with the process set out
in the Operating Manual. Provider shall provide Recipient with assistance reasonably necessary to transition the Services to Recipient as set out in the Work Packages subject to payment by Recipient of the Service Exit Costs; provided that
Recipient shall be ultimately responsible for transitioning the Services. 

  
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 Section 2.9    Independent Contractor 

In providing the Services hereunder, Provider, its Affiliates and its and their Subcontractors, shall act solely as independent contractors.
Nothing herein shall constitute or be construed to be or create in any way or for any purpose a partnership, joint venture, joint-employer or principal-agent relationship between the Parties with respect to the Services. Neither Party nor any of its
Affiliates, employees or agents shall have any power or authority to control the activities or operations of the other Party or its Affiliates, or to bind or commit the other Party or its Affiliates, with respect to the Services. In providing the
Services hereunder, Provider’s and its Affiliates’ employees and agents shall not be considered employees or agents of Recipient or its Affiliates, or jointly employed by Provider and Recipient, nor shall Provider’s or its
Affiliates’ employees or agents be eligible for or entitled to any compensation, benefits or perquisites (including severance) given or extended to any of Recipient’s or its Affiliates’ employees (without limiting any such amounts
that constitute fees or costs and expenses payable pursuant to Article III hereunder). Recipient shall, subject to the Demerger Agreement, be solely responsible for the operation of its business and the decisions and actions taken in
connection therewith, and nothing contained herein shall impose any liability or obligation on Provider or its Affiliates with respect thereto. 

Section 2.10    Access and Cooperation; Reliance 

(a)    Each Party agrees that it shall, and shall cause its Affiliates to, (i) timely provide to the other Party and
its Affiliates (and, if applicable, its and their Subcontractors), at no cost to such other Party, reasonable access to personnel, facilities, systems, assets, information and books and records, in the case of Recipient, with respect to the
Business, and in the case of Provider, with respect to the Services, and (ii) timely provide decisions, approvals and acceptances, in the case of each of sub Sections (i) and (ii), as reasonably requested by such other Party
in order to enable it to exercise its rights and perform its obligations under this Agreement in a timely and efficient manner. 

(b)    Without limiting the foregoing in this Section 2.10, each Party shall, and shall cause
its Affiliates to, cooperate with the other Party in all matters relating to the provision and receipt of the Services and to use reasonable endeavours to minimize all costs and expenses contemplated to be paid hereunder (including Service Costs, Set-Up Costs, Service Exit Costs, and Early Termination Costs) and all distraction and disturbance to each Party, and shall perform all obligations hereunder in good faith and in accordance with principles of fair
dealing. Such cooperation shall include (i) the execution and delivery of such further instruments or documents as may be reasonably requested by the other Party to enable the full performance of each Party’s obligations hereunder,
(ii) notifying the other Party in advance of any changes to a Party’s operating environment or personnel that would reasonably be expected to affect the provision or use of the Services in any material respect, and working with the other
Party to minimize the effect of such changes, and (iii) reasonably cooperating with Recipient and its Affiliates to accommodate non-material increases in the scope or volume of any Service, and to enable
Recipient and its Affiliates to receive a Service (or find a reasonable workaround or alternative) in the event of any Compliance Concern. 

  
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 (c)    In connection with the performance of this Agreement, each Party
and its Affiliates (and, if applicable, its and their Subcontractors) shall be entitled to rely upon the genuineness, validity and truthfulness of any document, instrument or other writing presented by or on behalf of the other Party or its
Affiliates. None of Provider, its Affiliates or any of its or their Subcontractors shall be liable for any impairment of any Service caused by their not receiving information, materials or access pursuant to this
Section 2.10, either timely or at all, or by their receiving inaccurate or incomplete information from or on behalf of Recipient or any Recipient Affiliate, and Provider shall provide Recipient with prompt notice of any
such circumstance of which it becomes aware. 
 (d)    Except as otherwise expressly set forth with respect to one or
more specific Services in Exhibit A, Recipient and its Affiliates shall have no right under this Agreement and shall not be permitted under this Agreement to access any Information Systems or Software owned or controlled by Provider, its
Affiliates or its or their Representatives. To the extent any such access is granted to Recipient or its Affiliates in connection with the receipt of one or more specific Services, Recipient shall, and shall cause its Affiliates to, comply with
(i) the Information System and Software terms of access set forth in Exhibit C-1 and (ii) the policies and procedures of Provider made available to Recipient in writing prior to the Effective
Date (collectively, the “Provider Security Requirements”). 
 (e)    Except as otherwise expressly set
forth with respect to one or more specific Services in Exhibit A, Provider and its Affiliates shall have no right under this Agreement and shall not be permitted under this Agreement to access any Information Systems or Software owned or
controlled by Recipient, its Affiliates or its or their Representatives. To the extent any such access is granted to Provider or its Affiliates in connection with the provision of one or more specific Services, Provider shall, and shall cause its
Affiliates to, comply with (i) the Information System and Software terms of access set forth in Exhibit C-2 and (ii) the policies and procedures of Recipient that are generally applicable to
Recipient, its Subsidiaries, and its and their businesses and made available to Provider in writing within a reasonable period prior to the date that such access is granted (collectively, the “Recipient Security Requirements”). 

(f)    Each Party shall notify the other Party promptly after becoming aware of any actual or suspected breach of security
of such first Party’s Information Systems to the extent related to the Business or any accidental or unlawful destruction, loss, alteration or unauthorized disclosure of, or access to, information contained therein or any other sensitive or
confidential information (including information relating to an identified or identifiable individual) supplied by or on behalf of such other Party to such first Party or its Affiliates (including where such first Party or its Affiliates has access
to such information held by such other Party or on its behalf) in connection with this Agreement and, in the event of any such actual or suspected breach or destruction, loss, alternative, disclosure or access, each Party shall, and shall cause its
Affiliates to, reasonably cooperate with the other Party in investigating and mitigating the effect thereof. In addition, (i) Provider shall notify Recipient promptly after becoming aware of any actual or suspected breach of security of
Recipient’s Information Systems to the extent related to the Recipient Businesses or any accidental or unlawful destruction, loss, alteration or unauthorized disclosure of, or access to, information contained therein and, in the event of any
such actual or suspected breach or destruction, loss, alteration, disclosure or access, Provider shall, and shall cause its Affiliates to, reasonably cooperate with Recipient in investigating and mitigating the

  
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effect thereof, and (ii) Recipient shall notify Provider promptly after becoming aware of any actual or suspected breach of security of Provider’s Information Systems to the extent
related to the Retained Business or any accidental or unlawful destruction, loss, alteration or unauthorized disclosure of, or access to, information contained therein and, in the event of any such actual or suspected breach or destruction, loss,
alteration, disclosure or access, Recipient shall, and shall cause its Affiliates to, reasonably cooperate with Provider in investigating and mitigating the effect thereof. 

Section 2.11    Compliance 

(a)    Recipient acknowledges and agrees that Provider shall not provide any Service to the extent that the provision of
such Service by Provider, any of its Affiliates or any of its or their Subcontractors, including any of the foregoing persons’ officers, directors, employees, agents or representatives, would conflict with or violate (i) any applicable
Laws, including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act 2010, or (ii) any Provider Policies. In the event that Provider determines in good faith that the provision of a specific Service in a specific market is likely to
violate sub Section (i) or (ii) above (a “Compliance Concern”), Provider shall provide prompt notice to Recipient describing in reasonable detail the nature of the Compliance Concern. 

(i)    Provider and Recipient shall confer in good faith, including through the governance process set
forth in Section 2.7, to determine whether the Compliance Concern can be resolved and whether the suspension of such Service (or part thereof) is necessary; provided that in the event of a disagreement regarding
whether such suspension is necessary, Provider shall have the right to make the final determination. Provider and Recipient shall pursue the mutual objective of limiting the scope and duration of any such suspension. Each Party shall take reasonable
interim measures necessary to address the Compliance Concern that are requested by the other Party (e.g., by replacing a suspect intermediary or reassigning a suspect employee), and, upon request, shall provide written confirmation to the other
Party that such measures have been implemented. All interim measures shall remain in place until and unless the Parties mutually agree, on the basis of their reasonable investigation, that the Compliance Concern is resolved. 

(ii)    In the event that any Service (or part thereof) has been suspended under this
Section 2.11, upon the resolution of such Compliance Concern, Provider shall resume the provision of such Service, and shall continue to provide such Service without interruption. To the extent that, and for so long as, any
Service is suspended under this Section 2.11, Recipient shall not pay for such Services (unless the applicable Compliance Concern arises as a result of a breach by Recipient of this Agreement in which case Recipient shall
continue to pay for such Services during the period of suspension). 
 (iii)    Each Party shall at all
times comply with all applicable Laws in connection with the exercise of its rights and performance of its obligations under this Agreement. 

(b)    Each of Provider and its Affiliates, and Recipient and its Affiliates, shall follow the generally applicable
policies, procedures and practices with respect to the Services followed by Provider and its Affiliates, or by any of Provider or any Provider Affiliate to the extent 

  
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related to the Services, and any changes to such policies, procedures and practices, in each case that are made available to Recipient and its Affiliates in writing (such policies, procedures and
practices, and changes thereto, the “Provider Policies”), and in each case, from and after the effective date thereof following the date on which Recipient and its Affiliates are notified of the relevant policy, procedure or
practice, including those relating to continuity of business, computer and network security measures and data encryption; provided that (i) Provider shall use reasonable endeavours to so notify Recipient and its Affiliates of any such
changes concurrently with Provider notifying any of its Affiliates or its or their other business units of such changes, and (ii) if Provider fails to so notify Recipient and its Affiliates concurrently with Provider so notifying its Affiliates
or its or their other business units, then, notwithstanding the other provisions of this Section 2.11, Recipient and its Affiliates shall use reasonable endeavours to follow such changes from and after the effective date
thereof following the date on which Recipient and its Affiliates are so notified, but Recipient and its Affiliates shall not be required to follow such changes until the completion of a reasonable period following its receipt of such notice for
Recipient and its Affiliates to take steps necessary to comply with such changes; provided, further, that Recipient and its Affiliates shall in no event be obligated to violate any Laws. 

(c)    Each Party shall comply with their obligations set out in Exhibit L. 

Section 2.12    Condition to Performance 

Recipient acknowledges and agrees that Provider shall not be responsible for any failure to provide Services to the extent that such failure
results from Recipient’s breach of this Agreement, including its obligations under Section 2.10, or to the extent that such failure is pursuant to a suspension of a Service that is in accordance with
Section 2.11(a)(i) or Section 10.16. Provider shall promptly notify Recipient in writing of any such breach or suspension of which it becomes aware. 

ARTICLE III 

COMPENSATION 

Section 3.1    Compensation 

(a)    Each month during the Term, Recipient (or its applicable Affiliate) shall pay to Provider (or its applicable
Affiliate) (i) a monthly fee for each Service provided to Recipient (or such Affiliate) hereunder (prorated for any partial month in which such Service is performed subject to Section 3.1(g)) in accordance with the charges for each such
Service as set forth in Exhibit A (it being understood and agreed that such monthly fee will be paid beginning on the Effective Date for all Services, including with respect to Services to be provided in connection with a
Delayed Asset, notwithstanding that legal title to such Delayed Asset has not yet transferred to Recipient or its Affiliates); provided that (A) the monthly fee for each Service (other than a Fixed Period Service to the extent provided
in connection with a Delayed Asset) provided to Recipient (or such Affiliate) hereunder during an FPS Service Extension Period or EBS Service Extension Period, as applicable, shall equal (x) [***] of the monthly fee for such Service as set forth in
Exhibit A for the first FPS Service Extension Period or an EBS Service Extension Period, as applicable, and (y) [***] of the monthly fee for such Service as set forth in Exhibit A for the

  
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second FPS Service Extension Period (B) the monthly fee for each Fixed Period Service to the extent provided solely in connection with a Delayed Asset hereunder shall equal (x) [***] of the
monthly fee for such Service as set forth in Exhibit A during the first six (6) month period following the one (1) year anniversary of the Effective Date and (y) [***] of the monthly fee for such Service as set forth in
Exhibit A during the second six (6) month period following the one (1) year anniversary of the Effective Date and (C) the monthly fee for each Service provided to Recipient (or such Affiliate) hereunder (x) during the
first twelve (12) month period after expiration of the periods described in (A) or (B) shall equal [***] of the monthly fee for such Service as set forth in Exhibit A plus an adjustment for inflation by the greater of [***] and
(y) during the second twelve (12) month period after expiration of the periods described in (A) or (B) (and any subsequent period) shall equal [***] of the monthly fee for such Service as set forth in Exhibit A plus a
mutually negotiated rate (not to be less than the greater of [***]), but, in each case of (A), (B) and (C), excluding any Taxes, which are the subject of Section 3.2 (sub Section (i), collectively, the
“Service Fees”), (ii) the Cost-Plus Charge (as set forth in Section 3.1(e)), (iii) in respect of each Work Package, unless otherwise agreed, [***] of the Set-Up Costs
incurred in that month and (iv) in respect of each Work Package, unless otherwise agreed, [***] of the Service Exit Costs incurred in that month. Provider or its applicable Affiliates shall bear all Provider Costs. Notwithstanding the above, if
(and solely for so long as) any Fixed Period Service or Event Based Service is extended pursuant to Section 2.5(b)(i), there shall be no increase in the monthly fee payable by Recipient pursuant to this
Section 3.1(a)(i) and Recipient shall continue to pay the monthly fee for such Fixed Period Service or Event Based Service (as applicable) that was payable immediately prior to the commencement date of such extension. 

(b)    Recipient (or its applicable Affiliate) shall reimburse Provider (or its applicable Affiliate) for all reasonable
costs and expenses, including license fees, royalties, payments to Subcontractors (to the extent not covered by the Service Fees), reasonable travel expenses and third-party freight, distribution and other logistics costs, incurred by or on behalf
of Provider (or its applicable Affiliate) to the extent attributable to the provision of the Services (but only proportionally to the extent such costs or expenses are applicable to both the Services and to any of Provider’s and its
Affiliates’ other businesses), but excluding any Taxes, which are the subject of Section 3.2, and excluding Set-Up Costs and Service Exit Costs (which are the subject of
Section 3.1(a)) and Early Termination Costs (which are the subject of Section 3.1(d)) (collectively, “Service Costs”), provided Recipient (or its applicable Affiliate) shall
not be required to reimburse Provider (or its applicable Affiliate) for any Service Costs incurred in any month for and on behalf of any employees of Provider or any Provider Affiliate (e.g., travel and entertainment costs) that exceed [***] in the
aggregate across all invoices unless and until Provider (or its applicable Affiliate) has presented Recipient (or its applicable Affiliate) with an invoice or other appropriate documentary evidence, providing reasonable supporting detail with
respect to such costs, as permitted by the Operating Manual. All Service Costs shall be in addition to the Service Fees. Reasonable documentation of Service Costs will be provided upon request. 

(c)    Limitation of Reimbursable Costs and Expenses 

(i)    Provider shall provide Recipient with quarterly forecasts of Service Costs. Provider may update such
quarterly forecasts from time to time upon notice to Recipient (which shall include a copy of such update). If at any time the actual amount of Service Costs incurred during the applicable quarterly period is expected to exceed [***] of the

  
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projected amount of such costs as reflected in the corresponding quarterly forecast (as so updated from time to time), Provider will provide Recipient notice within a reasonable time period prior
to exceeding such projected amount. Provider and Recipient shall review and discuss in good faith such forecast (as so updated from time to time) and any expected cost overages as part of the governance process set forth in
Section 2.7. If Recipient does not approve any such cost overages (such approval not to be unreasonably withheld, conditioned, or delayed), Provider shall be excused from providing the support or performing the activities
to the extent related to such cost overages, provided, that Provider shall consider, and use reasonable endeavours to implement, alternate means of providing such support or performing such activities in a manner that does not result in such
cost overages. If Provider fails to provide Recipient with notice prior to incurring any such cost overage, Recipient shall nevertheless reimburse Provider for such costs to the extent such costs are reasonable. 

(ii)    In accordance with the processes and procedures set forth in the Operating Manual, Provider and
Recipient shall agree in writing all Work Packages necessary for completing the set-up of any Service (including any set-up activities required as a result of the
appointment or replacement of any Subcontractor). Such Work Packages shall form part of this Agreement. Provider shall provide Recipient with periodic updates (but in any event, no less frequent than every [six (6) months]) to the good faith
estimate of Set-Up Costs described in each Work Package; provided, Provider shall promptly provide Recipient with an updated Work Package prior to incurring any material
Set-Up Costs overage or in the event Provider desires to add, delete or adjust any line item of the Set-Up Costs in a Work Package that was previously agreed by the
Parties. Provider and Recipient shall discuss in good faith any proposed updates to a Work Package, including adjustments to the Set-Up Costs estimate, and any updates shall be implemented in accordance with
the Operating Manual. If Provider fails to provide Recipient with an updated Work Package as required by this Section 3.1(c)(ii), and the cumulative adjustment to Set-Up Costs for
such Work Package would (x) materially increase Recipient’s costs or expenses thereunder, Recipient shall not be responsible for reimbursing Provider until such time as Provider submits an updated Work Package and the governance process
set forth in the Operating Manual has been completed with the Parties having mutually agreed terms for the updated Work Package, or (y) would not materially increase Recipient’s costs or expenses thereunder, Recipient shall nevertheless
reimburse Provider for such costs to the extent such costs are reasonable. Recipient’s rejection of any proposed material increase in Set-Up Costs in an updated Work Package timely proposed by Provider in
accordance with this Section 3.1(c)(ii) shall promptly cause (A) the suspension of the Work Package last approved by the Parties, relieving Provider from having to perform any of its responsibilities under such Work
Package and permitting Provider to recover all relevant Set-Up Costs incurred or committed to prior to such suspension, and (B) the Parties shall negotiate in good faith reasonable modifications to the
Work Package, which may include alternative strategies and solutions, for completing the set-up of the relevant Services after the Effective Date. In the event the Parties are unable to mutually agree on
modifications to the Work Package in writing, after having conferred on the matter in good faith as part of the governance process set forth in the Operating Manual, unless otherwise agreed by the Parties in writing, the Work Package last approved
by the Parties, and the affected part of the Service to which the Work Package relates, will terminate and Provider will be 

  
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relieved of any obligation for performing any of its remaining responsibilities under that Work Package and in respect of the affected part of the Service, provided, that Provider shall be
permitted to continue to recover any Set-Up Costs incurred or committed to prior to the suspension of such Work Package, plus any other additional costs it may incur as a direct result of terminating such Work
Package and the Early Termination Costs in respect of such Service. 
 (iii)    By the Effective Date,
and in accordance with the processes and procedures set forth in the Operating Manual, Provider and Recipient shall have agreed all Work Packages necessary for the successful migration of each Service at the end of the relevant Service Period. Such
Work Packages shall form part of this Agreement. Provider shall provide Recipient with periodic updates (but in any event, no less frequent than every six (6) months) to the good faith estimate of Service Exit Costs described in each Work
Package; provided, Provider shall promptly provide Recipient with an updated Work Package prior to incurring any material Service Exit Cost overage or in the event Provider desires to add, delete or adjust any line item of the Service Exit
Costs in a Work Package that was previously agreed by the Parties. Provider and Recipient shall discuss in good faith any proposed updates to a Work Package, including adjustments to the Service Exit Costs estimate, and any updates shall be
implemented in accordance with the Operating Manual. If Provider fails to provide Recipient with an updated Work Package as required by this Section 3.1(c)(iii), and the cumulative adjustment to Service Exit Costs for such
Work Package would: (x) materially increase Recipient’s costs or expenses thereunder, Recipient shall not be responsible for reimbursing Provider until such time as Provider submits an updated Work Package and the governance process set
forth in the Operating Manual has been completed with the Parties having mutually agreed terms for the updated Work Package, or (y) would not materially increase Recipient’s costs or expenses thereunder, Recipient shall nevertheless
reimburse Provider for such costs to the extent such costs are reasonable. Recipient’s rejection of any proposed material increase in Service Exit Costs in an updated Work Package timely proposed by Provider in accordance with this
Section 3.1(c)(iii) shall promptly cause (A) the suspension of the Work Package last approved by the Parties, relieving Provider from having to perform any of its responsibilities under such Work Package and permitting
Provider to recover all relevant Service Exit Costs incurred or committed to prior to such suspension, and (B) the Parties shall negotiate in good faith reasonable modifications to the Work Package, which may include alternative strategies and
solutions, for the successful migration of the relevant Services at the end of the Service Period. In the event the Parties are unable to mutually agree on modifications to the Work Package in writing, after having conferred on the matter in good
faith as part of the governance process set forth in the Operating Manual, unless otherwise agreed by the Parties in writing, the Work Package last approved by the Parties will terminate and Provider will be relieved of any obligation for performing
any of its remaining responsibilities under that Work Package, provided, that Provider shall be permitted to continue to recover any Service Exit Costs incurred or committed to prior to the suspension of such Work Package, plus any other and
additional costs it may incur as a direct result of terminating such Work Package. 

  
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 (d)    Recipient (or its applicable Affiliate) shall reimburse Provider
(or its applicable Affiliate) for all reasonable costs and expenses incurred by or on behalf of Provider (or such Affiliate) to the extent resulting from the early termination of any Service pursuant to Section 2.3(a) or
Section 2.3(b) or termination by Provider or Recipient in accordance with Section 7.2 (unless Provider is the Breaching Party or the Party subject to an Insolvency Event thereunder) (and, for
clarity, not including costs and expenses that would have been incurred absent such early termination), including legally binding commitments made to, or in respect of, personnel or Subcontractors, prepaid expenses related to the terminated Service
and other costs and expenses related to such termination but excluding Taxes, which are the subject of Section 3.2 (collectively, “Early Termination Costs”). All Early Termination Costs shall be in addition
to the Service Fees, but exclude Service Exit Costs. Reasonable documentation of actual, and good faith estimates of potential, Early Termination Costs will be provided upon request. 

(e)    The Parties agree that the Service Fees shall be subject to [***], which shall not include any Taxes (which are the
subject of Section 3.2) (the “Cost-Plus Charge”) to reflect arms’ length pricing terms for the Services. For clarity, the Cost-Plus Charge shall be charged to and payable by Recipient (or its
applicable Affiliate) in addition to the Service Fees set forth in Exhibit A. 

(f)    Subject to Section 3.1(a)(i)(A)-(C) and Section 3.1(e), it is
the intent of the Parties that the Service Fees set forth in Exhibit A reasonably approximate the cost of providing the Services, without any intent to cause Provider (or its applicable Affiliate) to make profit or incur loss. Subject to the
foregoing, if at any time Provider believes that the Service Fee for a specific Service in Exhibit A is materially insufficient to compensate it (or its applicable Affiliate) for the cost of providing such Service, or Recipient believes that
the Service Fee for a specific Service in Exhibit A materially overcompensates Provider (or its applicable Affiliate) for such Service, such Party shall promptly notify the other Party, and the Parties will commence good faith negotiations
toward an agreement in writing as to the appropriate course of action with respect to the Service Fee for such Service for future periods. This Article III shall not limit any other obligation of Recipient and its Affiliates to reimburse
costs or expenses of Provider and its Affiliates pursuant to other provisions of this Agreement. 
 (g)    In the event
that a Service is terminated in part pursuant to this Agreement, then the Service Fee for the portion of the Service that remains in effect after such termination in part shall be adjusted in accordance with Exhibit I and
Section 3.1(e), in each case to the extent applicable; provided that Provider (or its applicable Affiliate) is sufficiently compensated in accordance with this Agreement for the portion of such Service that remains
in effect after such termination in part and, in furtherance of ensuring such sufficient compensation, upon either Party’s request at any time during the Term, the Parties shall discuss in good faith any reasonable and appropriate adjustments
to Exhibit I, it being understood that the partial termination cost reduction principles reflected in Exhibit I include certain cost step-down targets that represent the Parties’ best estimate of reasonable and
appropriate cost step-down amounts as of the date of this Agreement, and the Parties shall use reasonable endeavours to achieve such cost step-down targets. 

(h)    Provider agrees that any costs and expenses recoverable from Recipient under this Agreement shall be charged only
once to Recipient and there shall be no double recovery of such costs and expenses (whether under different categories of fees, an LCA or otherwise). 

  
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 Section 3.2    Taxes 

(a)    All payments made under this Agreement that represent consideration for a supply for VAT purposes shall be exclusive
of any VAT properly chargeable thereon, which shall be payable in addition to the consideration upon receipt of a valid VAT invoice. 

(b)    Recipient (or its applicable Affiliate) shall be responsible for all Transfer Taxes imposed by applicable Taxing
Authorities on the direct provision of Services to Recipient (or such Affiliate) or any payment hereunder, provided that such Transfer Taxes shall be shown on an invoice. If Provider or any Provider Affiliate is required to pay any part of
such Transfer Taxes, Provider shall provide Recipient with evidence that such Transfer Taxes have been paid, and Recipient (or its applicable Affiliate) shall reimburse Provider (or its applicable Affiliate) for such Transfer Taxes. Upon the
reasonable request of Recipient, Provider shall revise any invoice to reflect the relevant Transfer Taxes imposed or to correct any errors to the extent any such correction is required by applicable Laws. 

(c)    If at any time Provider (or any of its Affiliates) receives a refund (or credit or offset in lieu of a refund) of
any Transfer Taxes (or Provider (or any of its Affiliates) otherwise is not required under applicable Laws to bear any such Taxes) for which Recipient (or any of its Affiliates) has borne or paid to Provider (or its Affiliate), then Provider (or its
Affiliate receiving such refund or utilizing such credit or offset) shall promptly pay over the amount of such refund, credit or offset (net of all related costs, expenses and Taxes incurred in respect thereof) to Recipient or its applicable
Affiliate, it being understood that Recipient and its applicable Affiliate shall be liable for any subsequent disallowance of such refund, credit or offset and any related interest, penalties, additions thereto or related costs and expenses. 

(d)    If at any time Provider (or any of its Affiliates) determines that VAT charged to Recipient pursuant to this
Agreement was not properly due, whether upon receipt of notification from a Tax Authority or otherwise, and receives a refund (or credit or offset in lieu of a refund) of such VAT, then Provider (or its Affiliate receiving such refund or utilizing
such credit or offset) shall promptly issue a credit note to Recipient with respect to such VAT and pay over the amount of such refund, credit or offset to Recipient or its applicable Affiliate. Provider shall as soon as reasonably practicable send
Recipient copies of the documentation or correspondence on the basis of which it was determined that VAT was not properly due. 

(e)    Each Party shall, and shall cause its Affiliates to, use reasonable endeavours to (i) minimize the amount of
any VAT and Transfer Taxes imposed on the provision of Services hereunder, including by availing itself of any available exemptions from or reductions to any such VAT and Transfer Taxes, and (ii) cooperate with the other Party in providing any
information or documentation that may be reasonably necessary to minimize such VAT and Transfer Taxes or obtain such exemptions. Provider (and its Affiliates) shall issue (or shall cause to be issued) any invoice, and reasonably cooperate with
Recipient and its Affiliates to provide information and documentation, necessary for Recipient and its Affiliates to comply with VAT obligations under applicable Laws. 

(f)    If applicable Laws require that an amount in respect of any Taxes be withheld from any payment to Provider or any
Provider Affiliate under this Agreement, Recipient shall promptly notify Provider of such required withholding and, solely if such withholding constitutes a Transfer Tax, the amount payable to Provider (or its applicable Affiliate) shall be

  
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increased as necessary so that, after withholding of any such amounts as required by applicable Laws, Provider (or such Affiliate) receives an amount equal to the amount it would have received
had no such withholding been required, and Recipient shall withhold (or cause to be withheld) such Taxes and pay (or cause to be paid) such withheld amounts over to the applicable Tax Authority in accordance with the requirements of the applicable
Laws and shall provide Provider (or its applicable Affiliate) with an official receipt (or copy thereof) or other evidence reasonably satisfactory to the Provider confirming such payment where it is common practice for the applicable Tax Authority
to provide such a receipt or evidence. Provider (or its applicable Affiliate) shall reasonably cooperate with Recipient to determine whether any such withholding applies to the Services, and if so, shall further cooperate to minimize or maintain an
exemption from applicable withholding Taxes. Recipient shall, and shall cause its Affiliates to, provide Provider and its Affiliates with any reasonable cooperation or reasonable assistance as may be necessary to enable Provider or its Affiliates to
claim exemption from, or a reduction in the rate of, any withholding Taxes (including, without limitation, pursuant to any applicable double taxation or similar treaty), to receive a refund of such withholding Taxes or to claim a Tax credit
therefor. If at any time Provider (or any of its Affiliates) receives a refund (or credit or offset in lieu of a refund) of any withholding Taxes borne by Recipient (or any of its Affiliates), then Provider or its Affiliate receiving such refund or
utilizing such credit or offset shall promptly pay over the amount of such refund, credit or offset (net of all related costs, expenses and Taxes incurred in respect thereof) to Recipient or its applicable Affiliate, it being understood that
Recipient and its applicable Affiliate shall be liable for any subsequent disallowance of such refund, credit or offset and any related interest, penalties, additions thereto or related costs and expenses. 

(g)    Where Recipient or any Recipient Affiliate is required by this Agreement to reimburse or indemnify Provider or any
Provider Affiliate for any cost or expense (including Service Costs, Set-Up Costs, Service Exit Costs, Provider Costs and Early Termination Costs), Recipient (or its applicable Affiliates) shall reimburse or
indemnify Provider (or its applicable Affiliate) for the full amount of the cost or expense, notwithstanding any provision to the contrary in this Agreement, together with any VAT incurred on that cost or expense by the Provider or Provider
Affiliate (to the extent that such VAT is properly reflected on a valid invoice issued by the supplier for such cost or expense), except to the extent that Provider (or its applicable Affiliate) reasonably determines in accordance with the
applicable Laws of the jurisdiction in which such VAT is chargeable that it (or such Affiliate), or a member of the same group as Provider (or such Affiliate) for VAT purposes, is entitled to credit for or repayment of that VAT from any relevant Tax
Authority. 
  (h)     If any Tax Authority Claim is made that could reasonably be expected to result in, or
increase, any reimbursement or indemnity obligation of the Recipient or any Recipient Affiliate or the Provider or any Provider Affiliate pursuant to this Agreement in respect of any Transfer Taxes or VAT or result in the Recipient or any Recipient
Affiliate or the Provider or any Provider Affiliate otherwise bearing any Transfer Taxes or VAT hereunder, the provisions of clause 12 (Conduct of Tax Authority Claim) of the Tax Covenant shall apply as if they were set out in this Section 3.2(h)
but replacing references to “Haleon” or “Haleon Group Company” and “GSK” or “GSK Group Company” with references to “the Recipient or any Recipient Affiliate” or “the Provider or any Provider
Affiliate” (and vice versa) and as if the references to “Haleon Tax Liability” or “GSK Tax Liability” under the Tax Covenant were replaced with references to the applicable Transfer Taxes or VAT hereunder, in each case as
necessary and making any other necessary modifications, including that the provisions of clause 12 that apply to or in respect of Pfizer, a Pfizer Group Company or a Pfizer Tax Liability shall be ignored. 

  
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 Section 3.3    Payment Terms 

(a)    Unless otherwise specified in Exhibit A, Provider (or its applicable Affiliate in accordance with this
Section 3.3) shall invoice Recipient for the Service Fee for each of the Services provided, plus the Cost-Plus Charge, and, if applicable, any Service Costs, Set-Up Costs, Service Exit Costs or Early Termination Costs incurred and required to be paid hereunder on a monthly basis in arrears by the 20th day of the month (or where the 20th day of the month is not a Business
Day, by the last Business Day preceding the 20th of the month) following the month in which the applicable Services were provided or the applicable Service Costs, Set-Up Costs, Service Exit Costs or Early
Termination Costs were incurred (provided that to the extent any such costs are incurred in a month and not reflected in such initial invoice applicable to such month, such costs may be reflected in a subsequent invoice issued with respect to
the next three (3) calendar months following the date of such initial invoice or, with Recipient’s consent (not to be unreasonably withheld, conditioned, or delayed), in a subsequent invoice; provided, further, that in no
event shall Recipient be required to pay any such costs invoiced more than eighteen (18) months after such costs were incurred or twelve (12) months following the expiration of the Term). Recipient shall pay Provider (or such applicable
Affiliate) all amounts due (other than amounts permitted to be withheld in accordance with this Section 3.3(a)) on or prior to the last day of the calendar month following the month in which Recipient receives the
applicable invoice. All such invoices shall be in substantially the form set forth in the Operating Manual or such form as otherwise agreed between the Parties, and shall be delivered to Recipient (or its applicable Affiliate) at the address
designated by Recipient (or its applicable Affiliate) by written notice to Provider. Any correspondence or payments concerning such invoices shall be made to Provider (or its applicable Affiliate) at the address designated by Provider (or its
applicable Affiliate) by written notice to Recipient. Any Dispute regarding invoiced amounts shall be resolved in accordance with Article VIII; provided that Recipient (x) may withhold payment on any invoice to the extent it is
disputing in good faith, pending resolution of such Dispute, an amount in such invoice that (i) represents more than [***] of the amount set forth on the applicable invoice, or (ii) represents [***] or less of the amount set forth on the
applicable invoice if the cumulative aggregate outstanding amount of such disputed amounts referred to in this sub Section (ii) exceeds [***]), and (y) shall pay the full invoiced amount pending resolution of its Dispute of an
invoiced amount that is less than the amount required in sub Section (x). Notwithstanding anything to the contrary in this Agreement, Provider may at any time withdraw an invoice for which Recipient is or has been withholding payment in
accordance with sub Section (x) and submit a replacement invoice to ensure Recipient’s payment of all undisputed amounts without undue delay. There shall be no right of set-off or counterclaim
with respect to any claim, debt or obligation against payments to Provider or any Provider Affiliate under this Agreement. 

(b)    Notwithstanding anything to the contrary in this Agreement, in addition to anything required by applicable Laws:

 (i)    with respect to all Services provided by U.S. Provider or a U.S. Affiliate of U.S. Provider to
U.S. Recipient or any other U.S. Affiliate of Recipient, U.S. Provider shall issue all invoices to U.S. Recipient in USD and U.S. Recipient shall make all such invoiced payments to U.S. Provider in USD; 

  
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  (ii)    with respect to all Services provided by
U.S. Provider or a U.S. Affiliate of Provider to Recipient (or Recipient on behalf of a Non-U.S. Affiliate of Recipient), U.S. Provider shall issue all invoices to Recipient in USD (unlesss otherwise agreed by
the parties) and Recipient shall make all such invoiced payments to U.S. Provider in USD (unlesss otherwise agreed by the parties); 

(iii)    with respect to all Services provided by Provider or any other
Non-U.S. Affiliate of Provider to U.S. Recipient or any other U.S. Affiliate of Recipient, Provider shall issue all invoices to U.S. Recipient and U.S. Recipient shall make all such invoiced payments to
Provider; and 
 (iv)    with respect to all Services provided by Provider or any other Non-U.S. Affiliate of Provider to Recipient (or Recipient on behalf of Recipient or a Non-U.S. Affiliate of Recipient), Provider shall issue all invoices to Recipient and
Recipient shall make all such invoiced payments to Provider; 
 provided, that, notwithstanding sub Sections (i) through (iv)
above, any Affiliate of Provider that is providing any (or part of any) Services in accordance with an LCA under Section 10.17 shall issue all invoices for, and shall receive all payments with respect to, such Services, and
such issued invoices shall be provided to, and all such invoiced payments shall be made by, the applicable Affiliate of Recipient that is party to such LCA; provided, further, that all invoicing and payment obligations set forth in
sub Sections (i) through (iv) above shall be made in accordance with Section 3.3(a) as if the applicable Affiliates of Provider and Recipient, respectively, that are referenced in this
Section 3.3(b) were referenced in Section 3.3(a) in place of Provider and Recipient, as the context requires. 

(c)    Unless expressly stated otherwise in this Agreement or an LCA, all invoices and payments under this Agreement shall
be in pounds sterling. For the purposes of converting any amounts into pounds sterling, such amounts shall be converted from the functional currency used in the LCA to pounds sterling using the GSK Group consolidation system (BISON) cumulative
average exchange rate for any payments invoiced by Provider, and the Haleon Group consolidation system cumulative average exchange rate (or such other external exchange rate as used by the Haleon Group) for any payments invoiced by Recipient. The
Parties shall apply such exchange rate in the month where such cost was incurred. 
 Section 3.4    Interest

 Provider and its Affiliates reserve the right to charge interest on any amount that has been overdue from Recipient or any Recipient
Affiliate for more than thirty (30) days at an annual interest rate of [***], accruing from the date payment was due through to the date of actual payment. 

Section 3.5    Records; Inspection 

(a)    With respect to each Service, Provider or its applicable Affiliate shall keep reasonable and customary books,
accounts, and records of all activities carried out, and all Service Fees and other costs and expenses (including Set-Up Costs, Service Costs, Service Exit Costs and Early Termination Costs) incurred, in the
performance of its obligations under this Agreement with respect to such Service, and any other information or records in respect of any period, including 

  
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periods prior to the Service Period for each Service, that could reasonably be expected to be relevant to any Tax Authority Claim in respect of any Service, in each case in a manner consistent
with the internal record keeping and retention policies of such entity but in no event for a period that is less than as required by Law or any applicable Governmental Order. Provider shall, and shall cause its Affiliates to, permit Recipient and
its Representatives reasonable access to inspect and copy (at Recipient’s cost) during business hours such books, accounts, and records: (i) during the twelve (12) month period following the invoice date for a particular Service (but
no more than two (2) times during any consecutive twelve (12) month period) to audit any amounts invoiced to Recipient or any Recipient Affiliate for such Service and (ii) during any such longer period that Provider retains such
books, accounts, and records in accordance with its internal record keeping and retention policies or in accordance with Laws or any applicable Governmental Order, for legal, compliance, or regulatory (for clarity, not including auditing amounts
invoiced) purposes or for the purpose of prosecuting any Tax Authority Claim. Such access and audit rights shall be subject to the principles set forth in Exhibit J. In the event of any overcharge by Provider (or its applicable Affiliate),
Provider (or its applicable Affiliate) shall promptly (and in no more than five (5) Business Days) refund such overcharge to Recipient or its designee; provided that, subject to Provider (or its applicable Affiliate) permitting
reasonable access in accordance with sub Section (i) above, Recipient shall not be permitted to initiate a challenge of any invoice or amounts reflected therein after the expiration of the twelve (12) month period referred to in
sub Section (i) above and neither Provider nor its applicable Affiliate shall be obligated to refund any such overage for which such a challenge was initiated after such period. Notwithstanding anything to the contrary herein, in no
event shall Provider (or any of its Affiliates) be required to provide access to, or otherwise disclose the contents of, any Provider Combined Tax Return and in no event shall Recipient Parent (or any of its Affiliates) be required to provide access
to, or otherwise disclose the contents of, any Recipient Combined Tax Return. 
  (b)    If in connection with any
legal, compliance or regulatory requirement, internal or external audit or internal or external investigation, Recipient or any of its Affiliates requires (x) supporting evidence in respect of activities performed pursuant to the Services and/or (y)
written assurance in respect of Provider’s (or its Group’s) internal processes and controls applied in the performance of the Services, Provider will provide such evidence or assurance subject to the following: (i) Recipient shall notify
Provider of the evidence or assurance required, giving reasonable detail of the reason for the requirement; (ii) the evidence or assurance required is not already in the possession of the Recipient or any member of its Group, whether through its
receipt of the Services or otherwise; (iii) the Parties (each acting reasonably and in good faith) agree on the expected scope of the evidence or assurance required and the target timeline for delivering such evidence or assurance (it being
acknowledged by Recipient that Provider will be permitted to take account of its and its Group’s own business requirements in deploying resources to meet Recipient’s request). Provider will provide the evidence or assurance agreed pursuant
to sub-Section (iii) above free of charge unless Provider reasonably anticipates that the time required, or cost incurred, in doing so exceeds (or is likely to exceed) the applicable materiality threshold (as defined by the Parties in the
Operating Manual), in which case the Parties (each acting reasonably and in good faith) shall discuss and agree an appropriate fee that Provider will charge Recipient for providing the required evidence or assurance (and Provider shall not be
required to provide such evidence of assurance until such fee has been agreed in writing). 
  ARTICLE IV 

INTELLECTUAL PROPERTY RIGHTS 

Section 4.1    Ownership of Intellectual Property Rights 

(a)    Except as expressly provided in Section 4.1(b), no license, title, ownership or other
Intellectual Property Rights or proprietary rights are transferred to Recipient, its Affiliates or Representatives pursuant to this Agreement, and each of Provider and its applicable Affiliates retains all such rights, title, ownership and other
interest in its Information Systems, platforms, applications and all other of its Software, hardware, systems and resources it uses to provide the Services. Except as expressly provided in Section 4.1(b), as between the
Parties, Provider (or its applicable Affiliate) shall be the sole and exclusive owner of, and nothing in this Agreement shall be deemed to grant Recipient, its Affiliates or Representatives any right, title, license, leasehold or other interest in
or to, any Intellectual Property Rights, ideas, concepts, techniques, inventions, processes, systems, works of authorship, facilities, floor space, resources, special programs, functionalities, interfaces, computer hardware or Software,
documentation or other work product developed, created, modified, improved, used or relied upon by Provider, its Affiliates, Representatives or Subcontractors in connection with the Services or the performance of

  
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Provider’s or its Affiliates’ obligations hereunder. Except as expressly provided in Section 4.1(b), no license, title, ownership or other Intellectual
Property Rights or proprietary rights are transferred to Provider, its Affiliates or Subcontractors pursuant to this Agreement, and Recipient retains all such rights, title, ownership and other interest in its Information Systems, platforms,
applications and all other Software, hardware, systems and resources it uses to receive the Services. 

(b)    Notwithstanding anything to the contrary in Section 4.1(a), all information, records,
data, reports and deliverables to the extent relating to the Business that are generated, collected, stored, processed or created by or on behalf of Recipient or any Recipient Affiliate (including by Provider, its Affiliates and Subcontractors) in
connection with a Service shall be owned by Recipient (“Acquired Business Data”), except that Provider (or its applicable Affiliate) shall own all information, records, data, reports and deliverables generated, collected, stored,
processed or created in providing the Services to the extent related to the operation of the Retained Business. Provider shall deliver to Recipient, in a useable format, any such Acquired Business Data in its possession and stored electronically on
its Information Systems (and not previously transferred to Recipient) that Recipient requests within a reasonable period of time following the termination or expiration of this Agreement; provided that Provider may retain one copy of such
Acquired Business Data for legal and compliance purposes. 
 (c)    To the extent that any right, title or interest in,
to or under any Intellectual Property Rights (including data) vests in either Party or its Affiliates, by operation of law or otherwise, in contravention of Section 4.1(a) or Section 4.1(b), such
Party (the “Assigning Party”) hereby assigns, and shall cause its Affiliates to assign, perpetually and irrevocably, to the other Party or its designee (the “Assignee Party”) all such right, title and interest
throughout the world in, to and under such Intellectual Property Rights, free and clear of all liens and other encumbrances, without the need for any further action by any Party or its Affiliates and hereby waives, and shall cause its Affiliates to
waive, any ownership in the foregoing in favor of the Assignee Party if such assignment does not take effect immediately for any reason. The Assigning Party shall, and shall cause its Affiliates to, execute any and all assignments and other
documents necessary to perfect, register or record the Assignee Party’s right, title, and interest in, to and under such Intellectual Property Rights. The Assigning Party further agrees to, and shall cause its applicable Affiliates to, execute
all further documents and assignments and take all further actions as may be necessary to perfect the Assignee Party’s title to such Intellectual Property Rights or to register such Assignee Party as the exclusive owner of any applicable
registrable rights. 
 (d)    Except as set forth in Section 4.1(a) and
Section 4.1(b), Provider and its Affiliates, on the one hand, and Recipient and its Affiliates, on the other hand, retain all right, title and interest in, to and under their respective Intellectual Property Rights, and
except as set forth in Section 4.2(a) and Section 4.2(b), no license or other right, express or implied, is granted to either Party or its Affiliates with respect to the other Party’s or its
Affiliates’ Intellectual Property Rights under this Agreement. 
 (e)    The Parties agree that neither Party nor
its Affiliates will remove any trade mark or copyright notices, proprietary markings, trade marks or other indicia of ownership of the other Party or its Affiliates from any materials of the other Party or its Affiliates, except as required by the
Demerger Agreement or any applicable Ancillary Agreements. 

  
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 Section 4.2    License Grants 

(a)    Subject to the terms and conditions of this Agreement, Provider, on behalf of itself and its Affiliates, hereby
grants to Recipient, its Affiliates and any other permitted recipient of the Services, a worldwide, non-exclusive, non-sublicensable,
non-transferable (except as provided in Section 10.4), royalty-free and fully paid-up (subject to the terms hereof), limited license to use
Intellectual Property Rights to the extent owned or controlled or licensable by Provider or any Provider Affiliate and used by Provider or any Provider Affiliate in connection with providing the Services, solely for the purpose of, and solely to the
extent and for the duration required for, Recipient or its Affiliates, or such other recipient, to receive the Services during the Term. 

(b)    Subject to the terms and conditions of this Agreement, Recipient, on behalf of itself and its Affiliates, hereby
grants to Provider and its Affiliates, a worldwide, non-exclusive, non-sublicensable (except to Affiliates and Subcontractors of Provider for the purposes of providing
the Services), non-transferable (except as provided in Section 10.4), royalty-free and fully paid-up, limited license to use Intellectual
Property Rights to the extent owned or controlled or licensable by Recipient or any Recipient Affiliate solely for the purpose of, and solely to the extent and for the duration required for, Provider, its Affiliates and Subcontractors to provide the
Services during the Term. 
 (c)    The licenses granted in this Section 4.2 shall expire upon
the earlier of the expiration of the Term or the end of the Service Period for the applicable Service subject to such license (or, if earlier, the date on which the Service subject to such license is terminated in accordance with this Agreement).

 ARTICLE V 

INDEMNIFICATION 

Section 5.1    Indemnification 

(a)    Subject to the provisions of this Article V, and notwithstanding anything to the contrary in, and without
limiting the indemnification provisions set forth in the Demerger Agreement or any other Ancillary Agreement, Provider agrees to indemnify and hold harmless Recipient and its Affiliates (collectively, the “Recipient Indemnified
Parties”) from and against any and all Losses that any such Recipient Indemnified Party suffers or incurs to the extent resulting from (i) the fraud, gross negligence or wilful misconduct of Provider or any Provider Affiliate or
Subcontractors in connection with this Agreement (including the provision of the Services); (ii) the employment, engagement or dismissal by Provider or any Provider Affiliate of any Provider Personnel; or (iii) any Provider Personnel (other
than any Business Employee) who transfers or claims to transfer to the employment of any Recipient Indemnified Party at any stage, whether during this Agreement, or on or after expiration or termination of all or part of this Agreement or all or
part of the Services, pursuant to the Transfer Regulations or otherwise. 
 (b)    Subject to the provisions of this
Article V, and notwithstanding anything to the contrary in, and without limiting the indemnification provisions set forth in the Demerger 

  
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Agreement or any other Ancillary Agreement, Recipient agrees to indemnify and hold harmless Provider and its Affiliates and its and their respective Subcontractors (collectively, the
“Provider Indemnified Parties”) from and against any and all Losses that any such Provider Indemnified Party suffers or incurs to the extent resulting from the provision (or use by Recipient and its Affiliates) of the Services,
except to the extent that such Losses result from (i) the fraud, gross negligence or wilful misconduct of Provider or any Provider Affiliate or Subcontractors in connection with this Agreement (including the provision of the Services); (ii) a
breach of this Agreement or an LCA by Provider or any Provider Affiliate or Subcontractor; (iii) the employment, engagement or dismissal by Provider or any Provider Affiliate of any Provider Personnel; (iv) any Provider Personnel (other
than any Business Employee) who transfers or claims to transfer to the employment of any Recipient Indemnified Party at any stage, whether during this Agreement, or on or after expiration or termination of all or part of this Agreement or all or
part of the Services, pursuant to the Transfer Regulations or otherwise; or (v) any infringement, misappropriation, or other violation of any third party’s Intellectual Property Rights in connection with the Services to the extent
resulting from Provider not seeking a required Consent pursuant to Section 2.6. 

(c)    Notwithstanding any other provision of this Agreement, this Article V shall not apply with respect to Taxes
other than any Taxes that represent Losses arising from any non-Tax Authority Claim. 

Section 5.2    Indemnification Procedures 

(a)    Any Person entitled to be indemnified under this Article V (the “Indemnified Party”) shall
as soon as reasonably practicable give written notice and available details thereof to the Party from whom indemnification may be sought (the “Indemnifying Party”) of any pending or threatened Action against the Indemnified Party
that has given or would reasonably be expected to give rise to such right of indemnification with respect to such Action (a “Third Party Claim”), indicating, with reasonable detail, and based on the facts then known to the
Indemnified Party, the nature of such Third Party Claim, the basis therefor, a copy of any documentation received from the third party, insofar as it is reasonably practicable to determine the same (but without prejudice to the final determination
of the amount to be indemnified in respect thereof), an estimate of the amount and calculation of the Losses for which the Indemnified Party is entitled to indemnification under this Article V (and a good faith estimate of any such future
Losses relating thereto), and the provisions of this Agreement in respect of which such Losses shall have occurred, and the Indemnified Party shall promptly deliver to the Indemnifying Party any information or documentation related to the foregoing
reasonably requested by the Indemnifying Party. A failure by the Indemnified Party to give notice in a timely manner pursuant to this Section 5.2(a) shall not limit the obligations of the Indemnifying Party under this
Article V, except (i) to the extent such Indemnifying Party is actually prejudiced thereby, and (ii) to the extent expenses are incurred during the period in which notice was not provided. 

(b)    With respect to any Third Party Claim, the Indemnifying Party under this Article V shall have the right, but
not the obligation, to assume the defence, at its own expense and by counsel of its own choosing, of such Third Party Claim and any Third Party Claims related to the same or a substantially similar set of facts; provided that the Indemnifying
Party shall not be entitled to assume the defence of such Third Party Claim, and shall pay the reasonable fees and 

  
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expenses of counsel retained by the Indemnified Party, if such Third Party Claim is a criminal Action. If the Indemnifying Party so undertakes to defend any such Third Party Claim, it shall
notify the Indemnified Party of its intention to do so, and the Indemnified Party shall cooperate fully with the Indemnifying Party and its counsel in the defence against, and settlement of, any such Third Party Claim; provided,
however, that the Indemnifying Party shall not settle any such Third Party Claim without the written consent of the Indemnified Party (not to be unreasonably withheld, conditioned, or delayed) unless such settlement does not involve any
injunctive relief against or any finding or admission of any violation of Laws or wrongdoing by the Indemnified Party, and any money damages are borne solely by the Indemnifying Party. Subject to the foregoing, the Indemnified Party shall have the
right to employ separate legal counsel and to participate in but not control the defence of such Action at its own cost and expense; provided that, subject to the provisions of this Article V, the Indemnifying Party shall bear the
reasonable fees of one firm of legal counsel (and one additional firm of legal counsel in each jurisdiction implicated in such Action) representing all Indemnified Parties in such Action and all related Actions, if, but only if, the defendants in
such Action include both an Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have reasonably concluded, based on the advice of legal counsel, that there is a conflict of interest between the Indemnifying Party and the
Indemnified Party with respect to such Action. In any event, the Indemnified Party shall cause its legal counsel to cooperate with the Indemnifying Party and its legal counsel. No Indemnified Party may settle any Third Party Claim without the
written consent of the Indemnifying Party (not to be unreasonably withheld, conditioned, or delayed). If the Indemnifying Party does not assume the defence of a Third Party Claim, it shall nevertheless be entitled to participate in the defence of
such Action at its own cost and expense, and the Indemnified Party shall cooperate with the Indemnifying Party and its counsel in the defence against, and settlement of, any such Third Party Claim. 

(c)    In the event that any Indemnified Party has or may have an indemnification claim against any Indemnifying Party
under this Agreement that does not involve a Third Party Claim, the Indemnified Party shall promptly give written notice thereof to the Indemnifying Party indicating, with reasonable specificity, and based on the facts then known to the Indemnified
Party, the nature of such claim, the basis therefor, the amount and calculation of the Losses for which the Indemnified Party is entitled to indemnification under this Article V (and a good faith estimate of any such future Losses relating
thereto), and the provisions of this Agreement in respect of which such Losses shall have occurred, and the Indemnified Party shall promptly deliver to the Indemnifying Party any information or documentation related to the foregoing reasonably
requested by the Indemnifying Party. A failure by the Indemnified Party to give notice in a timely manner pursuant to this Section 5.2(c) shall not limit the obligations of the Indemnifying Party under this Article
V, except (i) to the extent such Indemnifying Party is actually prejudiced thereby and (ii) to the extent expenses are incurred during the period in which notice was not provided. If the Indemnifying Party disputes its liability with
respect to such claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution of such Dispute in accordance with Section 8.1 and Section 10.10. 

Section 5.3    Losses Net of Insurance, Etc. 

The amount of any Loss for which indemnification is provided under Section 5.1 shall be calculated on an after-Tax basis and shall be net of (i) any amounts recovered by the 

  
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Indemnified Party pursuant to any indemnification by or indemnification agreement with any third party, and (ii) any insurance proceeds (provided by an insurance company that is not an
Affiliate of the Indemnified Party) or other cash receipts or sources of reimbursement received with respect to such Loss (the source of any such amounts referred to in sub Section (i) or (ii), a “Collateral
Source”), in each case net of any Taxes imposed or reasonable out-of-pocket costs incurred in connection with the collection of such insurance proceeds, cash
receipts or sources of reimbursement. The Indemnified Party shall use its reasonable endeavours to seek recovery for such Losses from all Collateral Sources. The Indemnifying Party may require an Indemnified Party to assign to the Indemnifying Party
the rights to seek recovery from any Collateral Sources (to the extent such rights are capable of assignment); provided that the Indemnifying Party will then be responsible for pursuing such claim at its own expense; provided,
further, that the Indemnified Party shall cooperate (at the Indemnifying Party’s expense) with the Indemnifying Party to seek such recovery. If the amount to be netted hereunder from any payment required under
Section 5.1 is determined after payment by the Indemnifying Party of any amount otherwise required to be paid to an Indemnified Party pursuant to this Article V, the Indemnified Party shall repay to the Indemnifying
Party, promptly after such determination, any amount that the Indemnifying Party would not have had to pay pursuant to this Article V had such determination been made at the time of such payment. 

Section 5.4    No Right of Set-Off 

Neither Provider (or its applicable Affiliate), on the one hand, nor Recipient (or its applicable Affiliate), on the other hand, shall have any
right to set off any Losses under this Article V against any payments to be made by such Party, Parties, or its or their Affiliates pursuant to this Agreement, the Demerger Agreement or any other agreement among the Parties, including any
Ancillary Agreement. 
 Section 5.5    Sole Remedy/Waiver 

Except with respect to claims related to the Provider’s material breach of this Agreement (which shall be subject to Section 5.7) or
to claims seeking specific performance or other equitable relief, the Parties acknowledge and agree that the remedies provided for in this Article V shall be the Parties’ sole and exclusive monetary remedy with respect to the subject
matter of this Agreement. 
 Section 5.6    Other Indemnities 

This Article V is in addition to, and not in limitation of, any indemnification provisions set forth in the Demerger Agreement and any
other Ancillary Agreement. 
 Section 5.7    Mitigation; Limitation on Liability 

(a)    Each of Provider, Recipient, and each Indemnified Party shall, and cause its Affiliates to, use reasonable
endeavours to mitigate any Loss upon becoming aware of any event which would reasonably be expected to, or does, give rise thereto, including incurring costs only to the minimum extent necessary to remedy the breach which gives rise to such Loss.

  
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 (b)    Notwithstanding anything to the contrary herein or in the
Demerger Agreement or any other Ancillary Agreement but subject to Section 5.7(c) and Section 5.7(e), Provider’s (and its Affiliates’) maximum aggregate liability to, and (except with
respect to claims seeking specific performance or other equitable relief) the sole remedy of, the Recipient Indemnified Parties for any and all claims (whether based on a claim in contract, tort (including negligence), under an indemnity, breach of
statutory duty or otherwise) under or in connection with this Agreement (including all LCAs entered into in connection with this Agreement) shall not exceed: (x) in the case of claims under this Agreement, the [***], or (y) in the case of
claims arising under an LCA only, the [***], less (x) in the case of claims under this Agreement, the [***], or (y) in the case of claims arising under an LCA only, the [***]. 

(c)    Notwithstanding anything to the contrary in this Agreement or the Demerger Agreement or any other Ancillary
Agreement but subject to Section 5.7(e), in no event shall either Party be liable to the other Party or any Indemnified Party hereunder (whether based on a claim in contract, tort (including negligence), under an indemnity,
breach of statutory duty or otherwise) under or in connection with this Agreement for: 
 (i)    any
consequential damages, special damages, or indirect damages; 
 (ii)    any loss of revenue or profits,
diminution in value, damages based on a multiple of revenue or earnings or other performance metric, loss of production, loss of contract, loss of goodwill or business reputation, loss or corruption of data, or business interruption (in each case,
whether direct or indirect); or 
 (iii)    any punitive and exemplary damages, or any similar damages,

 in all cases, other than, with respect to a Third Party Claim that is the subject of an indemnification obligation under this Agreement,
to the extent that any damages are awarded by Governmental Order against, and paid by, an Indemnified Party. 

(d)    Except as otherwise expressly provided in this Agreement, each Party acknowledges and agrees that all Services are
provided on an “as-is” basis and that Provider and its Affiliates make no express or implied conditions, representations or warranties with respect to this Agreement, the Services to be provided
under this Agreement or otherwise, including as to satisfactory quality, suitability or fitness for a particular purpose, title and non-infringement of any firmware, software or hardware provided or used
hereunder, performance with reasonable skill and care, and any conditions, representations or warranties arising from the course of dealing, course of performance or trade usage, and all such conditions, representations and warranties are hereby
expressly disclaimed. 
 (e)    Nothing in this Agreement shall limit or exclude either Party’s liability:
(i) for any Loss to the extent it is caused by fraud; (ii) for death or personal injury caused by its (or its agents’) negligence; or (iii) that may not otherwise be limited or excluded by Laws. 

  
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 ARTICLE VI 

CONFIDENTIALITY 

Section 6.1    Confidentiality 

(a)    Each Party recognizes that in the performance of this Agreement,
non-public, confidential or proprietary information (“Confidential Information”) belonging to the other Party or its Affiliates or Subcontractors may be disclosed or become known to such Party
or its Affiliates, Subcontractors or Representatives in connection with this Agreement (including the provision or use of the Services). Acquired Business Data shall constitute Recipient’s Confidential Information. The provisions of this
Agreement shall be considered Confidential Information of both Parties. Unless otherwise expressed in writing to the other Party, information, whether in written, oral (including by recording), electronic or visual form, that is exchanged between
the Parties, their Affiliates, Subcontractors and Representatives in connection with the performance of this Agreement shall be considered to be Confidential Information. Notwithstanding the above, information shall not be considered Confidential
Information to the extent that such information can be shown to have been: 
 (i)    in the public domain
(other than as a result of a disclosure by such Party or its Affiliates, Subcontractors or Representatives); 

(ii)    available after the date hereof to such Party or its Affiliates, Subcontractors or Representatives
on a non-confidential basis from a source other than the other Party or its Affiliates, Subcontractors or Representatives without, to such Party’s knowledge after reasonable inquiry, being subject to any
contractual or other obligation of confidentiality to the other Party or its Affiliates, Subcontractors or Representatives; or 

(iii)    independently developed by or on behalf of such Party or its Affiliates, Subcontractors or
Representatives without use of, reference to or reliance upon any Confidential Information of the other Party (as can be demonstrated by such Party by appropriate documentary evidence) and not, to such Party’s knowledge after reasonable
inquiry, subject to any contractual or other obligation of confidentiality to the other Party or its Affiliates, Subcontractors or Representatives. 

(b)    Provider and Recipient shall hold, and shall cause their respective Affiliates, Subcontractors and Representatives
to hold, in confidence and not to disclose or release or use other than to provide or receive the Services or exercise its rights hereunder without the prior written consent of the other Party any and all of the other Party’s Confidential
Information; provided that the Parties may disclose, or may permit disclosure of Confidential Information (i) to their respective Affiliates, Subcontractors or Representatives who have a need to know such information and are informed of
their obligations to treat such information in the same manner as is applicable to the Parties and in respect of whose failure to comply with such obligations, Provider or Recipient, as the case may be, will be responsible, (ii) if the Parties
or their respective Affiliates or Representatives are compelled to disclose, on the advice of legal counsel, any such Confidential Information by judicial or administrative process or by other requirements of any Laws or required by any securities
exchange or regulatory or Tax or other Governmental Entity 

  
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to which that Party or its Affiliate is subject or submits, wherever situated, including (amongst other bodies) the Financial Conduct Authority, the London Stock Exchange plc, the Panel on
Takeovers and Mergers, HMRC, the U.S. Securities and Exchange Commission or the New York Stock Exchange, whether or not the requirement for information has the force of Law, or (iii) in connection with any Action (or proposed Action) to enforce
such Party’s rights under this Agreement or otherwise in the performance by such Party of this Agreement. Notwithstanding the foregoing, in the event that any demand or request for disclosure of Confidential Information is made pursuant to
sub Section (ii) above, Provider or Recipient, as the case may be, shall (x) to the extent legally permissible, promptly notify the other Party of the existence of such request or demand and the disclosure that is
expected to be made in respect thereto, in each case with sufficient specificity so that the other Party may, at its expense, seek a protective order or other appropriate remedy or waive compliance with the provisions of this
Section 6.1(b) and (y) if requested by the other Party, assist the other Party, at the other Party’s expense, in seeking a protective order or other appropriate remedy in respect of such request or demand;
provided that a Party and its Affiliates and Representatives shall be permitted to disclose such Confidential Information without notice in response to a demand or request for disclosure of Confidential Information in connection with a
routine examination or audit by a Governmental Entity that is not specifically directed at the transactions contemplated by this Agreement or such Confidential Information, provided that such disclosing Party, and if applicable such Affiliate
or Representative, exercise all reasonable endeavours to preserve the confidentiality of such Confidential Information, including by obtaining reasonable assurances that confidential treatment shall be accorded to any Confidential Information so
disclosed. If such a protective order or other remedy or the receipt of a waiver by the other Party is not obtained and such disclosing Party or any of its Affiliates or Representatives is, nonetheless, following consultation with its legal counsel,
required by such judicial or administrative process, any Laws or securities exchange, market or automated quotation system to disclose any Confidential Information, such disclosing Party (or such Affiliate or Representative) may, after compliance
with the immediately preceding sentence of this Section 6.1(b), disclose only that portion of the Confidential Information which it has been advised by its legal counsel is required to be disclosed, provided that
such disclosing Party and, if applicable, such Affiliate or Representative exercise all reasonable endeavours to preserve the confidentiality of such Confidential Information, including by obtaining reasonable assurances that confidential treatment
shall be accorded to any Confidential Information so disclosed. 
 (c)    Upon expiration or termination of this
Agreement for any reason, except as expressly provided for in the Demerger Agreement or any other Ancillary Agreement, each Party shall not disclose and shall make no further use of the other Party’s Confidential Information, and upon written
request of the other Party, shall promptly return to the other Party or, at the other Party’s option, destroy all such Confidential Information; provided that (i) each Party shall be entitled to retain one record copy in its legal
department solely to determine the extent of its continuing obligations and for legal and compliance purposes, and (ii) neither Party nor its Affiliates or Representatives shall be required to expunge Confidential Information from computer
archiving conducted as part of established record retention policies (provided that the foregoing shall not be deemed to permit the accessing, retrieval or use thereof). 

  
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 ARTICLE VII 

TERM; TERMINATION 

Section 7.1    Term 

The term of this Agreement (the “Term”) will commence on the Effective Date and end on the earlier of (a) the last date
on which Provider is obligated to provide any Service to Recipient pursuant to this Agreement, (b) the termination of this Agreement pursuant to Section 7.2, and (c) the mutual written agreement of the Parties to
terminate this Agreement (and all Services hereunder) in its entirety; provided that, unless this Agreement is terminated by virtue of sub-Section (b) or (c) of this
Section 7.1, the terms of this Agreement will remain in effect only to the extent necessary to govern any Work Package that is due to expire later than the last date on which the Provider is obligated to provide any Service
to Recipient pursuant to this Agreement. 
 Section 7.2    Termination 

(a)    Either Party (the “Non-Breaching Party”) may terminate this
Agreement at any time upon prior written notice to the other Party (the “Breaching Party”) if the Breaching Party has materially breached or materially failed (other than pursuant to Section 10.16) to
perform any of its covenants or agreements under this Agreement, and such breach or failure shall have continued without cure for a period of at least forty-five (45) days after receipt by the Breaching Party of a written notice of such failure
from the Non-Breaching Party seeking to terminate this Agreement. For the purposes of this Section 7.2(a), any breach of an LCA (material or otherwise) shall not constitute a breach
of this Agreement. 
 (b)    Either Party may terminate this Agreement at any time upon reasonable (and wherever
possible at least ninety (90) days’) prior written notice to the other Party, if the other Party is the subject of an Insolvency Event. 

(c)    Provider may terminate all or any part of a Service at any time upon written notice to Recipient, to the extent
that such Service is performed by a Subcontractor and Provider’s (or its Affiliate’s) contract with such Subcontractor is terminated. Prior to exercising any such right to terminate, Provider shall use reasonable endeavours to procure an
alternative means of supply for such Service, subject to the provisions of Section 2.2(b). This termination right shall not apply where the contract with the Subcontractor is terminated: 

(i)    for Provider (or its Affiliate’s) breach not caused by Recipient (or its Affiliate); or 

(ii)    by Provider (or its Affiliate) for convenience without Recipient’s consent. 

(d)    Recipient may, with respect to any Service to the extent to be provided in connection with a Delayed Asset, upon
written notice to Provider prior to the date of the applicable Delayed Transfer, terminate (in whole or in part), or reduce the Service Period of, any such Service, effective as of sixty (60) days following the provision of such notice (or such
other shorter time period as the Parties may agree in writing), and, for the avoidance of doubt, any such termination or reduction shall apply solely to such Service to the extent provided in connection with such

  
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Delayed Asset. Recipient shall not be liable for any fees, costs, or expenses (including Service Fees, Set-Up Costs, Service Exit Costs and Service Costs)
in connection with any such terminated Service or part thereof, or any such reduced portion of the Service Period for any such Service, in each case to the extent incurred following the effective date of such termination or reduction (i) if
such termination or reduction as applicable, becomes effective prior to the date of the applicable Delayed Transfer; provided always that Recipient shall be liable for any fees, costs, or expenses, which the Provider (or its applicable
Affiliate) has already incurred or is otherwise committed to (and cannot be avoided) in connection with the Delayed Transfer, or (ii) if Provider (or its applicable Affiliate) is reasonably capable of terminating or reducing, as applicable,
such Service or part thereof following the provision of such notice and prior to such Delayed Transfer. All other such terminations and reductions for which sub Sections (i) or (ii) are not satisfied shall be considered to be
terminations or reductions pursuant to Section 2.3(b) (and for which such Section shall apply), provided that the effective date of termination or reduction shall be determined pursuant to this
Section 7.2. 
 (e)    Notwithstanding anything to the contrary herein, but without limiting
Section 2.10(d) and Section 2.11, Provider shall not be entitled to terminate this Agreement or any Service as a result of (i) any non-compliance by the
Business with the Provider Security Requirements, the Provider Policies, any other policies, procedures and practices of Provider or its Affiliates or applicable Laws, in each case that occurred prior to the Effective Date, or (ii) any defects,
imperfections, conditions, circumstances or characteristics that existed prior to the Effective Date with respect to the Business; provided that Recipient and its Affiliates shall use all reasonable endeavours to remediate such non-compliance with the Provider Security Requirements, the Provider Policies or applicable Laws, as the case may be, or any such defects, imperfections, conditions, circumstances or characteristics, as promptly as
reasonably practicable upon being notified or becoming aware of the foregoing. 
 Section 7.3    Transfer
Regulations 
 The Parties agree that upon termination of any Service or this Agreement, in each case in whole or in part, neither Party
intends that any of the Transfer Regulations shall apply so as to transfer the employment or engagement of any of the Provider Personnel to Recipient or any Recipient Affiliate or otherwise. 

Section 7.4    Effect of Termination 

Upon the expiration or termination of this Agreement pursuant to this Article VII, this Agreement shall cease to have further force and
effect, and neither Party shall have any liability or obligation to the other Party with respect to this Agreement; provided that: 

(a)    termination or expiration of this Agreement for any reason shall not release a Party from any liability or
obligation that already has accrued as of the effective date of such termination or expiration, as applicable, or which may arise out of or in connection with such termination or expiration (including any Early Termination Costs, Service Costs,
Service Exit Costs or otherwise); and 

  
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 (b)    Article I (Definitions),
Section 2.7 (Transition Representatives), Section 2.9 (Independent Contractor), Section 3.2 (Taxes), Section 3.5
(Records; Inspection), Section 4.1 (Ownership of Intellectual Property Rights), Article V (Indemnification), Article VI (Confidentiality), this Section 7.4
(Effect of Termination), Article VIII (Dispute Resolution) and Article X (Miscellaneous) shall survive any termination or expiration of this Agreement and shall remain in full force and effect. 

ARTICLE VIII 

DISPUTE RESOLUTION 

Section 8.1    Dispute Resolution 

Prior to the initiation of legal proceedings (other than legal proceedings to avoid the expiration of any applicable limitation period, to
preserve a superior position with respect to other creditors, or to seek equitable relief), the Parties shall attempt to resolve any Dispute arising out of or in connection with this Agreement or the transactions contemplated hereby informally as
follows: 
 (a)    The Parties shall first attempt in good faith to resolve all Disputes on a local level, through their
respective Service Functional Leads and Transition Representatives, and shall attempt to initiate such efforts within two (2) Business Days after receipt of notice of any such Dispute. If the Service Functional Leads and Transition
Representatives are unable to resolve the Dispute within thirty (30) Business Days, either Party may refer the Dispute for resolution to the Senior Managers upon notice to the other Party. 

(b)    Within five (5) Business Days of a notice under Section 8.1(a) referring a Dispute
for resolution by the Senior Managers, each Party’s Transition Representative (or other employees) shall prepare and provide to its Senior Manager summaries of the relevant information and background of the Dispute, along with any appropriate
supporting documentation. The Senior Managers will confer as often as they deem reasonably necessary in order to gather and exchange information, discuss the Dispute and negotiate in good faith in an effort to resolve the Dispute without the need
for any formal proceedings. Either Party may replace its Senior Manager with an individual who has a comparable level of responsibility within its respective organization upon written notice to the other Party in accordance with
Section 10.1. 
 (c)    Legal proceedings may not be initiated until at least the earlier of
(i) twenty (20) Business Days after the receipt by a Party of a notice under Section 8.1(a) referring a Dispute to the Senior Managers, and (ii) ten (10) Business Days after a meeting between the Senior Managers
of each Party in an attempt to resolve the Dispute. 
 ARTICLE IX 

REVERSE SERVICES 

Section 9.1    Provision of Reverse Services 

Subject to the terms and conditions of this Agreement, beginning on the Effective Date (unless expressly stated otherwise in Exhibit F
in respect of a particular Reverse Service), and continuing for the duration of the applicable Service Period (as such term shall be applied to 

  
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the Reverse Services in accordance with Section 9.2), Recipient shall provide, or cause to be provided, to Provider and its Affiliates the services identified in
Exhibit F, as such Exhibit may be supplemented or modified from time to time in accordance with the provisions of this Agreement (the “Reverse Services”). 

Section 9.2    Terms Applicable to Reverse Services 

Solely with respect to Recipient’s provision and Provider’s receipt of the Reverse Services, except as set forth in
Section 9.3 or as otherwise mutually agreed by the Parties, the other provisions and Exhibits of this Agreement which are applicable to Provider’s provision and Recipient’s receipt of the Services (excluding this
Article IX, Section 10.4 and Exhibit F) shall apply mutatis mutandis with respect to the provision and receipt of the Reverse Services, and references in those provisions and those Exhibits (or in
defined terms used in those provisions or Exhibits) to: 
 (a)    “Provider” shall be understood to mean
“Recipient” and vice versa; 
 (b)    the “Services” shall be understood to mean the
“Reverse Services”; 
 (c)    Exhibit A and Exhibit E shall be understood to be references to
Exhibit F; 
 (d)    Exhibit B shall be understood to be references to Exhibit G; and 

(e)    the “Business” shall be understood to mean the “Retained Business”, and vice versa, as
the context requires. 
 Section 9.3    Exceptions and Clarifications 

(a)    Notwithstanding the foregoing, solely with respect to Recipient’s provision and Provider’s receipt of the
Reverse Services: 
 (i)    any terms of this Agreement that apply to the Services “in connection
with a Delayed Asset,” to “the date of the applicable Delayed Transfer”, or terms with similar meaning as the foregoing shall not apply to the Reverse Services; 

(ii)    any terms of this Agreement that refer to the purpose or manner in which the Services were used by
Provider and its Affiliates during the Baseline Period, or the scope or volume of, or location at which, the Services were provided by Provider and its Affiliates to the Business in the ordinary course during the Baseline Period, or the types, level
or standard of Services that were provided by Provider or any Provider Affiliate to the Business in the ordinary course during the Baseline Period, shall refer to the purpose or manner in which the Reverse Services were used by Provider and its
Affiliates during the Baseline Period, the scope or volume of, or location at which, the Reverse Services were provided by Provider and its Affiliates to the Retained Business in the ordinary course during the Baseline Period, and the types, level
or standard of services that were provided by Provider or any Provider Affiliate to the Retained Business in the ordinary course during the Baseline Period, respectively; 

  
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 (iii)    the limitation of liability provisions
contained in Section 5.7(b) shall apply to Recipient solely in its capacity as a provider of the Reverse Services pursuant to this Article IX and not in its capacity as a recipient of the Services pursuant to the
other provisions of this Agreement; 
 (iv)    Section 4.1(b) shall not apply to the Reverse
Services, and the following shall instead apply to the Reverse Services as a replacement Section 4.1(b): Notwithstanding anything to the contrary in Section 4.1(a), all information, records, data,
reports and deliverables to the extent relating to the Retained Business that are generated, collected, stored, processed, or created by or on behalf of Provider or any Provider Affiliate (including by Recipient, its Affiliates and Subcontractors)
in connection with a Reverse Service shall be owned by Provider or its applicable Affiliate (“Provider Business Data”), except that Recipient (or its applicable Affiliate) shall own all information, records, data, reports and
deliverables generated, collected, stored, processed, or created in providing the Reverse Services to the extent related to the operation of the Business. Recipient shall deliver to Provider, in a useable format, any such Provider Business Data in
its possession and stored electronically on its Information Systems (and not previously held by or transferred to Provider or its Affiliates) that Provider requests within a reasonable period of time following the termination or expiration of the
Reverse Services; provided that Recipient may retain one copy of such Provider Business Data for legal and compliance purposes; 

(v)    Section 3.3(b) shall be deleted and replaced with the following: 

Notwithstanding anything to the contrary in Section 3.3(a) or anything else in this Agreement, in addition to
anything required by applicable Laws: 
 (1)    with respect to all Reverse Services provided by U.S.
Recipient or any other U.S. Affiliate of Recipient to U.S. Provider or any of its U.S. Affiliates, U.S. Recipient shall issue all invoices in USD to U.S. Provider and U.S. Provider shall make all such invoiced payments to U.S. Recipient in USD; 

(2)    with respect to all Reverse Services provided by U.S. Recipient or a U.S. Affiliate of U.S.
Recipient to Provider (or Provider on behalf of a Non-U.S. Affiliate of Provider), U.S. Recipient shall issue all invoices to Provider in USD (unless otherwise agreed between the parties) and Provider shall make all such invoiced payments to U.S.
Recipient in USD (unless otherwise agreed between the parties); 
  (3)    with respect to all
Reverse Services provided by Recipient or any Non-U.S. Affiliate of Recipient (including on behalf of any Non-U.S. Affiliate of Recipient) to U.S. Provider or any other
U.S. Affiliate of U.S. Provider, Recipient shall issue all invoices to U.S. Provider and U.S. Provider shall make all such invoiced payments to Recipient; and 

(4)    with respect to all Reverse Services provided by Recipient or any
Non-U.S. Affiliate of Recipient (including Recipient on behalf of any Non-U.S. Affiliate of Recipient) to any Non-U.S. Affiliate
of Provider, Recipient shall issue all invoices to Provider and Provider shall make all such invoiced payments to Recipient; 

  
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  provided, that, notwithstanding sub Sections (1) through (4)
above, any Affiliate of Recipient that is providing any (or part of any) Reverse Services in accordance with an LCA under Section 10.17 shall issue all invoices for, and shall receive all payments with respect to, such
Reverse Services, and such issued invoices shall be provided to, and all such invoiced payments shall be made by, the applicable Affiliate of Provider that is party to such LCA; provided, further, that all invoicing and payment
obligations set forth in sub Sections (1) through (4) above shall be made in accordance with Section 3.3(a) as if the applicable Affiliates of Provider and Recipient, respectively, that are referenced in this
Section 9.3(a)(v) were referenced in Section 3.3(a) in place of Provider and Recipient, as the context requires. 

(b)    For the avoidance of doubt, (i) any termination or expiration, in whole or in part, of this Agreement by
Recipient in its capacity as a recipient of the Services or Provider (or its applicable Affiliate) in its capacity as a provider of the Services, or of any Service, in accordance with the other terms of this Agreement shall constitute a termination
or expiration solely of such other terms of this Agreement or such Service, respectively, and shall not constitute a termination or expiration of this Article IX or of any Reverse Services and shall have no effect on either Party’s
rights, liability, or obligations with respect to the Reverse Services or on this Agreement continuing in effect in accordance with its terms with respect to the Reverse Services; and (ii) any termination or expiration, in whole or in part, of
this Agreement by Provider in its capacity as a recipient of the Reverse Services or Recipient in its capacity as a provider of the Reverse Services, or of any Reverse Service, in accordance with the terms of this Article IX shall constitute
a termination or expiration solely of this Article IX or such Reverse Service, respectively, and shall not constitute a termination or expiration of this Agreement or of any Services and shall have no effect on either Party’s rights,
liability, or obligations with respect to the Services or on this Agreement continuing in effect in accordance with its terms with respect to the Services. This Section shall not apply where this Agreement is terminated as a result of an Insolvency
Event (in which case the Agreement shall terminate in its entirety). 
 ARTICLE X 

MISCELLANEOUS 

Section 10.1    Notices 

(a)    A notice under this Agreement shall only be effective if it is in writing.
E-mail is permitted. Any notice validly served on one member of any Party’s Group in accordance with this Section 10.1 shall be deemed to have been served on each member of such Party’s Group.

  
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 (b)    Notices under this agreement shall be sent to a Party at its
address and for the attention of the individual set out below: 
 provided that a Party may change its notice details on giving
notice to the other Party of the change in accordance with this Section 10.1. That notice shall only be effective on the date falling five (5) clear Business Days after the notification has been received or such later date as may be
specified in the notice. 
 (c)    Any notice given under this Agreement shall be deemed to have been duly given as
follows: 
 (i)    if delivered personally, on delivery; 

(ii)    if sent by first class inland post, two (2) clear Business Days after the date of posting;

 (iii)    if sent by airmail, six (6) clear Business Days after the date of posting; and 

(iv)    if sent by e-mail, when despatched. 

(d)    Any notice given under this Agreement outside Working Hours in the place to which it is addressed shall be deemed
not to have been given until the start of the next period of Working Hours in such place. 
 (e)    A notice under or in
connection with this Agreement shall not be invalid by reason of any mistake or typographical error or if the contents are incomplete, provided it should have been reasonably clear to the recipient what the correct or missing particulars should have
been. 
 (f)    The provisions of this Section 10.1 shall not apply in relation to the service of Service
Documents. 
 Section 10.2    Remedies and waivers 

(a)    No delay or omission by any Party in exercising any right, power or remedy provided by Law or under this Agreement
shall: 
 (i)    affect that right, power or remedy; or 

(ii)    operate as a waiver or variation of it. 

(b)    The single or partial exercise of any right, power or remedy provided by Law or under this Agreement shall not
preclude any other or further exercise of it or the exercise of any other right, power or remedy. 
 (c)    The rights
and remedies of each Party under, or pursuant to, this Agreement are cumulative, may be exercised as often as such party considers appropriate and are in addition to its rights and remedies under general Law. 

  
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 (d)    Notwithstanding any express remedies provided under this
Agreement and without prejudice to any other right or remedy which any Party may have, each Party acknowledges and agrees that damages alone would not be an adequate remedy for any breach by it of the provisions of this Agreement, so that in the
event of a breach or anticipated breach of such provisions, the remedies of injunction, an order for specific performance and/or other equitable remedies would be available. Furthermore, each Party acknowledges and agrees that it will not raise any
objection to the application by or on behalf of the other Party or a member of its Group for any such remedies. 

Section 10.3    Variation 

(a)    No variation of this Agreement shall be valid unless it is in writing and duly executed by or on behalf of all the
Parties to it. 
 (b)    If this Agreement is varied: 

(i)    the variation shall not constitute a general waiver of any provisions of this Agreement; 

(ii)    the variation shall not affect any rights, obligations or liabilities under this Agreement that
have already accrued up to the date of variation; and 
 (iii)    the rights and obligations of the
parties under this Agreement shall remain in full force and effect, except as, and only to the extent that, they are so varied. 

Section 10.4    Assignment 

(a)    Except as otherwise provided in this Section 10.4, neither Party shall novate or assign
this Agreement or any rights, benefits or obligations under or relating to this Agreement, in each case whether by operation of Laws or otherwise, without the other Party’s prior written consent (not to be unreasonably withheld, conditioned, or
delayed). 
 (b)    Each of Recipient and U.S. Recipient (each, a “Recipient Party”, and together, the
“Recipient Parties”) shall have the right to novate this Agreement (in whole or in part), whether by operation of Laws or otherwise, subject to Provider’s prior written consent (such consent not to be unreasonably withheld,
conditioned, or delayed in the event of a divestiture of any portion of the Business that is required by applicable Laws in order to complete the transactions contemplated by the Demerger Agreement and any of the Ancillary Agreements, or a
transaction set out in Exhibit E), in connection with a bona fide sale, transfer or other disposal by any Recipient Party or any of its Affiliates of all or any part of the Business (including any product, assets, or service with respect
thereto), provided that in the event that any Recipient Party (a “Recipient Assignor Party”) novates this Agreement in accordance with this Section 10.4(b), then each of the other Recipient Parties
shall so novate this Agreement to the applicable assignee with respect to the particular Services (or Reverse Services, as applicable) with respect to which the Recipient Assignor Party is novating this Agreement. 

  
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 (c)    Each of Provider and U.S. Provider (each, a “Provider
Party”, and together, the “Provider Parties”) shall, upon prior written notice to Recipient, have the right (without Recipient’s consent) (i) to assign its respective rights and obligations under this Agreement to
one or more of its Subsidiaries; provided that such Subsidiary remains at all times during the Term a Subsidiary of Provider; provided, further, that no such assignment shall release such assignor from its obligations under
this Agreement and the relevant assignor shall continue to be responsible for the performance of such Subsidiary under this Agreement, and (ii) to novate this Agreement (in whole, but only as it applies to a particular Service or Reverse
Service), whether by operation of Laws or otherwise, to any third party in connection with a bona fide sale, transfer or other disposal to such third party by any Provider Party or any of its Affiliates of the business that provides such Service (or
receives such Reverse Service) under this Agreement, provided that in the event that any Provider Party (a “Provider Assignor Party”) novates this Agreement in accordance with this sub Section (ii), then the other
Provider Party shall so novate this Agreement to the applicable assignee with respect to the particular Services (or Reverse Services, as applicable) with respect to which the Provider Assignor Party is assigning this Agreement. 

(d)    In the event of a permitted assignment, this Agreement shall be binding upon and inure to the benefit of the
Parties and their respective permitted successors and permitted assigns. Any attempted assignment that contravenes the terms of this Agreement shall be void ab initio and of no force or effect. 

Section 10.5    Entire Agreement 

(a)    This Agreement and the LCAs, any other Transaction Document and any other agreement or document entered into by each
of the Parties in connection with any such document together constitute the whole and only agreement between the Parties relating to the subject matter of this Agreement, any Transaction Document and any other agreement or document entered into by
each of the Parties in connection with any such document. 
 (b)    Each Party acknowledges that in entering into this
Agreement, any Transaction Document and any other agreement or document entered into by each of the Parties in connection with any such document it is not relying upon any pre contractual statement which is not set out in this Agreement, any
Transaction Document or any other agreement or document entered into by each of the Parties in connection with any such document. 

(c)    Except in the case of fraud, no Party shall have any right of action against any other Party (or their respective
Connected Persons) arising out of or in connection with any pre contractual statement except to the extent that it is repeated in this Agreement or in a Transaction Document or in any other agreement or document entered into by each of the parties
in connection with any such document. 
 (d)    Except in the case of fraud and for any liability in respect of a breach
of this Agreement or any Transaction Document, no Party (nor any of its Connected Persons) shall owe any duty of care or have any liability in tort or otherwise to the other Party (or its Connected Persons) in relation to this Agreement or any
Transaction Document. 

  
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 (e)    For the purposes of this Section 10.5,
“pre contractual statement” means any draft, agreement, undertaking, representation, warranty, promise, assurance or arrangement of any nature whatsoever, whether or not in writing, relating to the subject matter of this Agreement or any
Transaction Document or in any other agreement or document entered into in connection with any such document (as the case may be) made or given by any person at any time prior to the date of this Agreement or any Transaction Document, except for
those contained in any Transaction Document. 
 (f)    Each Party agrees to the terms of this
Section 10.5 on its own behalf and as agent for each of its Connected Persons. The provisions of this Section 10.5 shall not limit, supersede or otherwise affect any limitation of damages or
remedies provisions that are expressly set forth in any Transaction Document. 
 Section 10.6    Conflict

 In the event of a conflict between the front end terms of this Agreement and the terms of any Exhibit (including Exhibit A with
respect to any applicable Service), the front end terms of this Agreement shall control unless explicitly provided for otherwise in such Exhibit. Unless otherwise expressly stated in the relevant provision of this Agreement, in the event of a
conflict between the terms of this Agreement and the Demerger Agreement, the terms of the Demerger Agreement shall control. 

Section 10.7    Fulfilment of Obligations 

Any obligation of any Party to any other Party under this Agreement, which obligation is performed, satisfied or fulfilled by an Affiliate of
such Party or a Subcontractor of such Party or an Affiliate of such Party, shall be deemed to have been performed, satisfied or fulfilled by such Party. 

Section 10.8    Contracts (Rights of Third Parties) Act 1999 

(a)    The Parties agree that: 

(i)    certain provisions of this Agreement confer a benefit on members of the Parties’ respective
Groups, their respective Connected Persons and such other third parties (each a “Relevant Third Party”) and, subject to the remaining provisions of this Section 10.8, are intended to be enforceable by each of the Relevant Third
Parties by virtue of the Contracts (Rights of Third Parties) Act 1999, provided that the Party in the same Group as (or with the relevant connection to) the Relevant Third Party shall have the sole conduct of any action to enforce such right on
behalf of a such Relevant Third Party; and 
 (ii)    notwithstanding the provisions of
Section 10.8(a)(i), this Agreement may be rescinded or varied in any way and at any time by the Parties to this agreement without the consent of any Relevant Third Party. 

(b)    Save as set out in Section 10.8(a)(i), a person who is not a Party shall have no right under the Contracts
(Rights of Third Parties) Act 1999 or any other statutory provision to enforce any of its terms. 

  
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 Section 10.9    Expenses 

Except as otherwise expressly provided in this Agreement, all costs and expenses incurred in connection with this Agreement and the
transactions contemplated hereby shall be borne by the Party incurring such costs and expenses. 

Section 10.10    Governing Law; Jurisdiction 

(a)    This Agreement is to be governed by and construed in accordance with English law. Any matter, claim or dispute
arising out of or in connection with this Agreement, whether contractual or non-contractual, is to be governed by and determined in accordance with English law. 

(b)    Without limiting Section 8.1 (Dispute Resolution), the courts of England are to have exclusive jurisdiction to
settle any dispute arising out of or in connection with this Agreement. Any Proceedings shall be brought only in the courts of England. 

(c)    Each Party waives (and agrees not to raise) any objection, on the ground of forum non conveniens or on any other
ground, to the taking of proceedings in the courts of England. Each Party also agrees that a judgment against it in Proceedings brought in England shall be conclusive and binding upon it and may be enforced in any other jurisdiction. 

(d)    Each Party irrevocably submits and agrees to submit to the jurisdiction of the courts of England. 

Section 10.11    Counterparts 

(a)    This Agreement may be executed in any number of counterparts, and by the Parties on separate counterparts, but shall
not be effective until each Party has executed at least one (1) counterpart. Each counterpart shall constitute an original of this Agreement, but all the counterparts shall together constitute but one and the same instrument. 

(b)    Delivery of a counterpart of this Agreement by e-mail attachment shall be
an effective mode of delivery. 
 Section 10.12     Headings 

The heading references herein and the table of contents hereto are for convenience purposes only, do not constitute a part of this Agreement
and shall not be deemed to limit or affect any of the provisions hereof. 
 Section 10.13    Invalidity 

(a)    If at any time any provision (or part of any provision) of this Agreement is or becomes illegal, invalid or
unenforceable in any respect under the Law of any jurisdiction, that shall not affect or impair: 

  
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 (i)    the legality, validity or enforceability in that
jurisdiction of any other (or the remainder of a) provision of this Agreement; or 
 (ii)    the
legality, validity or enforceability under the Law of any other jurisdiction of that or any other provision of this Agreement. 

(b)    Each of the provisions of this Agreement is severable. 

(c)    If and to the extent that any provision of this Agreement: 

(i)    is held to be, or becomes, invalid or unenforceable under the Law of any jurisdiction; but 

(ii)    would be valid, binding and enforceable if some part of the provision were deleted or amended, 

then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable. All other provisions of this
Agreement shall remain in force. 
 Section 10.14    Rules of Construction 

The Parties agree that they have been represented by counsel during the negotiation and execution of this Agreement and have participated
jointly in the negotiation and drafting of this Agreement and, therefore, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the Parties and no presumption or burden of
proof shall arise favouring or disfavouring any Party by virtue of the authorship of any provision of this Agreement. 

Section 10.15    Affiliate Status 

To the extent that a Party is required hereunder to take certain action with respect to entities designated in this Agreement as such
Party’s Affiliates, such obligation shall apply to such entities only during such period of time that such entities are Affiliates of such Party. To the extent that this Agreement requires an Affiliate of any Party to take or omit to take any
action, such obligation includes the obligation of such Party to cause such Affiliate to take or omit to take such action. 

Section 10.16    Force Majeure 

Except for payment of amounts due, neither Party shall be liable for any failure to perform or any delay in performing, and neither Party shall
be deemed to be in breach or default of any of its covenants, agreements or obligations set forth in this Agreement if, to the extent and for so long as such failure, delay, breach or default is due to any event, cause or occurrence beyond

  
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its or its Affiliates’ reasonable control, including but not limited to (in each case to the extent beyond its or its Affiliates’ reasonable control) natural disasters, acts of God,
pandemics or other weather-related or natural conditions, the commencement, occurrence, continuation or intensification of any war (whether or not declared), sabotage, armed hostilities, civil unrest, military attacks or acts of terrorism (including
cyberattack or otherwise), or declaration of national emergency, civil disturbance, strike, lockout, slowdown, riot, energy shortage, embargo, acts of any Governmental Entity, systems failure, malfunction or disruption, or Internet, electrical,
power or other utilities failure, malfunction, or disruption (but excluding failures, delays, breaches, or defaults of or caused by a Subcontractor, except to the extent due to an event, cause or occurrence beyond such Subcontractor’s
reasonable control) (“force majeure event”). In the event of any such force majeure event, the affected Party shall use reasonable endeavours to minimize the effect of such force majeure event, and such Party’s covenants,
agreements and obligations under this Agreement that are excused under this Section 10.16 shall be postponed for such time as its performance is suspended or delayed on account thereof and Recipient shall not at any time be
obligated to pay any amounts for affected Services that would have otherwise been incurred during the period of such suspension or delay. Such Party will promptly notify the other Party in writing upon learning of the occurrence of any such event.
Upon the cessation of such event, the affected Party will use reasonable endeavours to resume its performance with the least practicable delay. For clarity, in the event of any such suspension or delay, the period for performance shall be extended
for a period equal to the time lost by reason of such suspension or delay. If Recipient chooses to obtain an affected Service from a substitute source during the period in which the performance of such Service by Provider is delayed under this
Section 10.16, Recipient may, at its option and upon reasonable advance written notice to Provider, (a) subject to Section 2.5 and the immediately preceding sentence, postpone Provider’s
provision of such Service for the term of provision of such Service from such substitute source and Recipient shall not be obligated to pay any amounts for such affected Service until the expiration of such postponement, or (b) terminate the
affected Service without liability, other than the Service Exit Costs payable under the applicable exit Work Package. 

Section 10.17    Local Country Agreements 

Where (a) required by a Party to comply with applicable Laws, or (b) otherwise mutually agreed between the Parties (such agreement
not to be unreasonably withheld, conditioned, or delayed), including for the jurisdictions set forth in Exhibit H (which are hereby deemed to be agreed upon), each Party shall cause one of its applicable Affiliates organized or located in the
same jurisdiction to enter into a local country agreement (“LCA”) substantially in the form set forth in Exhibit D with respect to such jurisdiction. Notwithstanding the foregoing, each of the Parties shall cause their
respective Affiliates receiving or providing Services in such jurisdictions to comply with this Agreement. Each Party shall be fully responsible and liable for all obligations of its Affiliate under an LCA (unless otherwise expressly set forth
therein) and shall have the right to enforce this Agreement (including the terms of all LCAs) on behalf of each Affiliate that enters into an LCA, and to assert all rights and exercise and receive the benefits of all remedies of each such Affiliate
hereunder, to the same extent as if such Party were such Affiliate. For the avoidance of doubt, the amounts paid pursuant to this Agreement and any LCA shall apply in aggregate across this Agreement and the LCAs. Provider shall have no right to
receive payment more than once for the same Service Fee or other cost, or expense. 

  
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 Section 10.18    Language 

Each notice of communication under or in connection with this Agreement shall be in English. 

[Signature page follows] 

  
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 IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date
first written above. 
  

			
	GLAXOSMITHKLINE SERVICES UNLIMITED
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Transition Services Agreement] 

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date
first written above. 
  

			
	GLAXOSMITHKLINE LLC (solely with respect to Section 3.3(b), Section 9.3(a)(v), and Section 10.4(c))
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Transition Services Agreement] 

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date
first written above. 
  

			
	GLAXOSMITHKLINE CONSUMER HEALTHCARE (OVERSEAS) LIMITED
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Transition Services Agreement] 

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date
first written above. 
  

			
	GLAXOSMITHKLINE CONSUMER HEALTHCARE HOLDINGS (US) LLC (solely with respect to Section 3.3(b), Section 9.3(a)(v), and
Section 10.4(b))
		
	By:	 	  

		 	Name:
		 	Title:EX-4.15

 Exhibit 4.15 

REGISTRATION RIGHTS AGREEMENT 

by and among 
 Haleon
plc, 
 Pfizer Inc., 

GSK plc, 
 GSK (No.1)
Scottish Limited Partnership, 
 GSK (No.2) Scottish Limited Partnership, and 

GSK (No.3) Scottish Limited Partnership 

Dated as of [•], 2022 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Section 1.
	 	Certain Definitions	  	 	2	 
			
	 Section 2.
	 	Registration Rights	  	 	6	 
			
	 2.1.
	 	Demand Registrations	  	 	6	 
			
	 2.2.
	 	Piggyback Registrations	  	 	11	 
			
	 2.3.
	 	Allocation of Securities Included in Registration Statement	  	 	12	 
			
	 2.4.
	 	Registration Procedures	  	 	13	 
			
	 2.5.
	 	Registration Expenses	  	 	20	 
			
	 2.6.
	 	Certain Limitations on Registration Rights	  	 	20	 
			
	 2.7.
	 	No Required Sale	  	 	20	 
			
	 2.8.
	 	Indemnification	  	 	21	 
			
	 2.9.
	 	No Inconsistent Agreements; Orderly Marketing Agreement	  	 	24	 
			
	 Section 3.
	 	Underwritten Offerings	  	 	25	 
			
	 3.1.
	 	Requested Underwritten Offerings	  	 	25	 
			
	 3.2.
	 	Piggyback Underwritten Offerings	  	 	25	 
			
	 Section 4.
	 	General	  	 	25	 
			
	 4.1.
	 	Adjustments Affecting Registrable Securities	  	 	25	 
			
	 4.2.
	 	Rule 144	  	 	26	 
			
	 4.3.
	 	Assistance with Transfers	  	 	26	 
			
	 4.4.
	 	Nominees for Beneficial Owners	  	 	27	 
			
	 4.5.
	 	Amendments and Waivers	  	 	27	 
			
	 4.6.
	 	Notices	  	 	27	 
			
	 4.7.
	 	Insolvency	  	 	28	 
			
	 4.8.
	 	Assignment	  	 	28	 
			
	 4.9.
	 	Termination	  	 	29	 
			
	 4.10.
	 	Entire Agreement	  	 	29	 
			
	 4.11.
	 	Governing Law; Jurisdiction; Waiver of Jury Trial	  	 	29	 
			
	 4.12.
	 	Interpretation; Construction	  	 	30	 
			
	 4.13.
	 	Counterparts	  	 	30	 
			
	 4.14.
	 	Severability	  	 	30	 
			
	 4.15.
	 	Specific Enforcement	  	 	30	 
			
	 4.16.
	 	Further Assurances	  	 	31	 
			
	 4.17.
	 	Confidentiality	  	 	31	 

 This REGISTRATION RIGHTS AGREEMENT, dated as of [•], 2022 (the
“Agreement”), is made and entered into by and among (i) Haleon plc, a public limited company incorporated in England and Wales with number 13691224 and whose registered office is at [•] (the “Company”),
(ii) Pfizer Inc., a Delaware corporation whose registered office is at 235 East 42nd Street, New York, New York 10017 (“Pfizer” and, together with its Affiliates or successors, and permitted assigns from time to time that will hold
Registrable Securities of the Company, the “Pfizer Shareholder Group”), (iii) GSK plc, a public limited company incorporated in England and Wales with number 03888792 and whose registered office is at 980 Great West Road, Brentford,
Middlesex, TW8 9GS (“GSK”), (iv) GSK (No.1) Scottish Limited Partnership, a limited partnership registered in Scotland with registration number SL035527 and whose principal place of business is at 50 Lothian Road, Festival Square,
Edinburgh, EH3 9WJ (“SLP 1”), (v) GSK (No.2) Scottish Limited Partnership, a limited partnership registered in Scotland with registration number SL035526 and whose principal place of business is at 50 Lothian Road, Festival Square,
Edinburgh, EH3 9WJ (“SLP 2”), and (vi) GSK (No.3) Scottish Limited Partnership, a limited partnership registered in Scotland with registration number SL035525 and whose principal place of business is at 50 Lothian Road,
Festival Square, Edinburgh, EH3 9WJ (“SLP 3” and, collectively with SLP 1 and SLP 2, the “SLPs” and, collectively with GSK and the Affiliates or successors and permitted assigns of GSK from time to time that will
hold Registrable Securities of the Company and the Affiliates or successors and permitted assigns of each SLP from time to time that will hold Registrable Securities of the Company, the “GSK Shareholder Group”) (each of the
foregoing Persons in clauses (i)-(vi), to the extent such Person is a holder or beneficial owner of Registrable Securities, a “Holder” and, collectively, the “Holders”). 

RECITALS: 

WHEREAS, on or around the date of this Agreement, GSK, Pfizer, the Company, GlaxoSmithKline Consumer Healthcare Holdings (No.2) Limited
(“CH JVCo”) and certain other entities entered into the Separation Co-Operation and Implementation Agreement (the “Separation Co-Operation and
Implementation Agreement”) and certain other agreements pursuant to which the Company shall become a listed company and the holder of the consumer healthcare business that is currently operated by CH JVCo (the
“Separation”); 
 WHEREAS, immediately after the Separation, the Pfizer Shareholder Group and the GSK Shareholder
Group will directly or indirectly hold or control the disposition of approximately 32 per cent and [•] per cent of the Ordinary Shares (as defined below) of the Company, respectively (collectively with any ADRs (as defined below) in
respect of such Ordinary Shares, the “Separation Shares”); 
  WHEREAS, the parties hereto intend for the ADRs
(as defined below), each representing two Ordinary Shares of the Company, to be listed on the New York Stock Exchange (the “NYSE”); 

WHEREAS, on or around the date of this Agreement, GSK, Pfizer and the SLPs entered into an Orderly Marketing Agreement (the “Orderly Marketing
Agreement”) pursuant to which such parties have agreed on their respective rights and obligations as regards future sales of Separation Shares following the admission of the Ordinary Shares of the Company to the premium listing segment of
the official list of the UK Financial Conduct Authority and to trading on the London 

 
Stock Exchange plc (the “LSE”) (the “Admission”), and a lock-up deed entered into on or around the date of this Agreement
among, GSK, Pfizer, the SLPs, the [GSK Bank] and [Pfizer Bank] setting forth certain lock-up restrictions applicable to the Pfizer Shareholder Group and the GSK Shareholder Group (the “Lock-Up Restrictions”); 
 WHEREAS, on or around the date of this Agreement, the Company
and Pfizer entered into a Relationship Agreement (the “Relationship Agreement”), the principal purpose of which is to regulate the continuing relationship between the Company, on the one hand, and certain members of the Pfizer
Shareholder Group, on the other hand, following the Admission; and 
 WHEREAS, the parties hereto desire to enter into this Agreement
to set forth certain rights and obligations of the Company and the Holders with respect to the Separation Shares. 
 NOW, THEREFORE,
in consideration of the premises and of the mutual covenants and obligations hereinafter set forth, the parties hereto hereby agree as follows: 

Section 1. Certain Definitions. As used herein, the following terms shall have the following meanings: 

“Admission” has the meaning set forth in the Recitals. 

“ADRs” means American depositary receipts in respect of Ordinary Shares, which are to be listed and admitted to trading on
the New York Stock Exchange. 
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly
controls, is controlled by or is under common control with such Person at any time during the period for which the determination of affiliation is being made. For the purposes of this definition, “control” (including, with correlative
meanings, the terms “controlling”, “controlled by” and “under common control with”), with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of such specified Person, whether through the ownership of voting securities, by contract or otherwise, except that (i) no SLP nor any person controlled directly or indirectly by one or more SLPs shall be deemed an
Affiliate of GSK or any other person controlled directly or indirectly by GSK for the purposes of this Agreement, (ii) no Employee Share Trust nor any person controlled directly or indirectly by one or more Employee Share Trusts shall be deemed
an Affiliate of GSK or any other person controlled directly or indirectly by GSK for the purposes of this Agreement and (iii) no member of the Pfizer Shareholder Group or the GSK Shareholder Group (or any of their Affiliates) shall be deemed to
be an “Affiliate” of the Company, and the Company shall not be deemed to be an “Affiliate” of any member of the Pfizer Shareholder Group or the GSK Shareholder Group (or any of their Affiliates). 

“Agreement” has the meaning ascribed to such term in the Preamble. 

“automatic shelf registration statement” has the meaning ascribed to such term in Section 2.4. 

“Board” means the Board of Directors of the Company. 

  
 2 

 “Business Day” means a day other than Saturday, Sunday or another day on
which commercial banks in New York, New York, the United States, or London, the United Kingdom, are authorized or required by law to close. 

“CH JVCo” has the meaning ascribed to such term in the Recitals. 

“Claims” has the meaning ascribed to such term in Section 2.8(a). 

“Company” has the meaning ascribed to such term in the Preamble. 

“Completion” has the meaning set forth in the Separation Co-Operation and
Implementation Agreement. 
 “Confidential Information” has the meaning ascribed to such term in
Section 4.17. 
 “Demand Registration” has the meaning ascribed to such term in
Section 2.1(b)(i). 
 “Demand Registration Period” has the meaning ascribed to such term in
Section 2.1(b)(i). 
 “Demand Registration Request” has the meaning ascribed to such term in
Section 2.1(b)(i). 
 “Demand Registration Statement” has the meaning ascribed to such term in
Section 2.1(b)(i). 
 “Depositary” means JPMorgan Chase Bank N.A., as depositary for the ADRs.

 “Employee Share Trust” has the meaning set forth in the Orderly Marketing Agreement. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC issued under
the Securities Exchange Act of 1934, as they may from time to time be in effect. 
 “Expenses” means any and all fees and
expenses incident to the Company’s performance of or relating to compliance with this Agreement, including: (i) SEC, stock exchange, FINRA and all other registration and filing fees and all listing fees and fees with respect to the
inclusion of securities on the NYSE or on any other U.S. or non-U.S. securities market on which the Registrable Securities are listed or quoted, (ii) fees and expenses of compliance with state securities
or “blue sky” laws of any state or jurisdiction of the United States or compliance with the securities laws of jurisdictions outside the United States and in connection with the preparation of a “blue sky” survey, (iii) word
processing, printing and copying expenses, (iv) expenses incurred in connection with any roadshow for an underwritten offering, (v) fees and disbursements of counsel for the Company, (vi) with respect to each registration or
underwritten offering, the reasonable fees and disbursements of one counsel for each Shareholder Group that includes at least one Participating Holder, together with reasonable fees and disbursement of one local counsel for each Shareholder Group
that includes at least one Participating Holder in each relevant jurisdiction, (vii) fees and disbursements of all independent public accountants of the Company (including the expenses with respect to any opinion and/or audit/review and/or
“comfort” letter and updates thereof) and fees and expenses of other Persons, including special experts, retained by the Company, (viii) fees and 

  
 3 

 
expenses payable to a Qualified Independent Underwriter (but expressly excluding any underwriting discounts and commissions and transfer taxes (including stamp duties)), (ix) fees and
expenses of any transfer agent, custodian or the Depositary, (x) any other fees and disbursements of underwriters, if any, customarily paid by issuers or sellers of securities, including reasonable fees and expenses of counsel for the
underwriters in connection with any filing with or review by FINRA (but expressly excluding any underwriting discounts and commissions) and (xi) rating agency fees and expenses. For the avoidance of doubt, Expenses shall not include the amount
specified in Section 2.5(b). 
 “Filing Date” has the meaning ascribed to such term in
Section 2.1(a)(i). 
 “Financial Intermediaries” has the meaning given in
Section 2.1(a)(ii). 
 “FINRA” means the Financial Industry Regulatory Authority, Inc. 

“GSK” has the meaning ascribed to such term in the Preamble. 

“GSK Shareholder Group” has the meaning ascribed to such term in the Preamble. 

“Holder” has the meaning ascribed to such term in the Preamble. 

“Initiating Holders” has the meaning ascribed to such term in Section 2.1(b)(i). 

“Insolvency Event” has the meaning set forth in the Orderly Marketing Agreement. 

“Lock-Up Restrictions” has the meaning ascribed to such term in the Recitals. 

“LSE” has the meaning ascribed to such term in the Recitals. 

“Minimum Threshold” means $500 million.  

“NYSE” has the meaning ascribed to such term in the Recitals. 

“Orderly Marketing Agreement” has the meaning ascribed to such term in the Preamble. 

“Ordinary Shares” means the fully paid ordinary shares in the capital of the Company. 

“Participating Holders” means all Holders of Registrable Securities that are proposed to be included in any offering of
Registrable Securities pursuant to Section 2.1 or Section 2.2. 
 “PEA
Postponement Period” has the meaning ascribed to such term in Section 2.1(c)(i). 

“Person” means any individual, firm, corporation, company, limited liability company, partnership, trust, joint stock
company, business trust, incorporated or unincorporated association, joint venture, governmental authority or other legal entity of any nature whatsoever. 

“Pfizer” has the meaning ascribed to such term in the Preamble. 

“Pfizer Shareholder Group” has the meaning ascribed to such term in the Preamble. 

  
 4 

 “Piggyback Notice” has the meaning ascribed to such term in
Section 2.2(a). 
 “Postponement” has the meaning ascribed to such term in
Section 2.1(c)(i).  
 “Postponement Period” has the meaning ascribed to such term in
Section 2.1(c)(i). 
 “Primary Holder” means: 

(a) in respect of GSK Shareholder Group, GSK; and 

(b) in respect of Pfizer Shareholder Group, Pfizer, 

in each case subject to the provisions of Sections 4.7 and 4.8. 

“Qualified Independent Underwriter” means a “qualified independent underwriter” within the meaning of FINRA Rule
5121. 
 “Registrable Securities” means (a) all Separation Shares, (b) any equity securities issued or issuable
directly or indirectly in exchange for or with respect to the Separation Shares by way of share dividend or distribution or share split or in connection with a combination of shares, recapitalization, reclassification, merger, amalgamation,
arrangement, consolidation, exchange or other reorganization, or (c) any securities issued in replacement of, in exchange for or upon the conversion of any securities described in clause (a) or (b) above; provided that, in each
case, such securities shall cease to be Registrable Securities when (A) a registration statement with respect to the sale of such securities shall have been declared effective under the Securities Act and such securities shall have been
disposed of in accordance with such registration statement, (B) such securities shall have been disposed of in compliance with the requirements of Rule 144 (or any successor provision), (C) such securities have been sold in a public offering of
securities; or (D) such securities have ceased to be outstanding. For purposes of this Agreement, a Person will be deemed to be a holder of Registrable Securities whenever such Person has the right to acquire, directly or indirectly, such
Registrable Securities (including upon conversion, exercise or exchange of any equity interests but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected, and such
Person shall not be required to convert, exercise or exchange such equity interests (or otherwise acquire such Registrable Securities) to participate in any registered offering hereunder until the closing of such offering. 

“Relationship Agreement” has the meaning ascribed to such term in the Recitals. 

“Rule 144” have the meaning ascribed to such term in Section 4.2. 

“Sale Notice” has the meaning set forth in the Orderly Marketing Agreement. 

“Sale Tranche” has the meaning set forth in the Orderly Marketing Agreement. 

“SEC” means the U.S. Securities and Exchange Commission or such other federal agency that at such time administers the
Securities Act. 

  
 5 

 “Section 2.3(b) Sale Number” has the meaning ascribed to
such term in Section 2.3(b). 
 “Securities Act” means the Securities Act of 1933, as amended,
and the rules and regulations of the SEC issued under such Act, as they may from time to time be in effect. 
 “Separation”
has the meaning ascribed to such term in the Recitals. 
 “Separation Co-Operation and
Implementation Agreement” has the meaning ascribed to such term in the Preamble. 
 “Shareholders’ Agreement”
has the meaning set forth in the Orderly Marketing Agreement. 
 “Separation Shares” has the meaning ascribed to such term
in the Recitals. 
 “Shelf Registrable Securities” has the meaning ascribed to such term in
Section 2.1(a)(ii). 
 “Shelf Registration Statement” has the meaning ascribed to such term in
Section 2.1(a)(i). 
 “Shelf Underwriting” has the meaning ascribed to such term in
Section 2.1(a)(ii). 
 “Shelf Underwriting Initiating Holders” has the meaning ascribed to such
term in Section 2.1(a)(ii). 
 “Shelf Underwriting Notice” has the meaning ascribed to such term
in Section 2.1(a)(ii). 
 “Shelf Underwriting Request” has the meaning ascribed to such term in
Section 2.1(a)(ii). 
 “SLP 1” has the meaning ascribed to such term in the Preamble. 

“SLP 2” has the meaning ascribed to such term in the Preamble. 

“SLP 3” has the meaning ascribed to such term in the Preamble. 

“SLPs” has the meaning ascribed to such term in the Preamble. 

“Underwritten Block Trade” has the meaning ascribed to such term in Section 2.1(a)(ii). 

“Valid Business Reason” has the meaning ascribed to such term in Section 2.1(c)(i). 

“WKSI” means a “well-known seasoned issuer” (as defined in Rule 405 of the
Securities Act). 
 Section 2. Registration Rights. 

2.1. Demand Registrations. 

  
 6 

 (a) (i) Following the date of the Completion (the “Filing Date”), the
Company shall, as promptly as practicable thereafter, but in no event more than sixty (60) calendar days after the Filing Date, prepare and file with the SEC a shelf registration statement pursuant to Rule 415 under the Securities Act (such
registration statement, a “Shelf Registration Statement”) covering the resale of all the Registrable Securities on a delayed or continuous basis and shall use its reasonable best efforts to have such Shelf Registration Statement
declared effective as soon as practicable after the filing thereof and no later than the earlier of (x) the ninetieth (90th) calendar day following the Filing Date if the SEC notifies the
Company that it will “review” the Shelf Registration Statement and (y) the tenth (10th) Business Day after the date the Company is notified in writing by the SEC that such Shelf
Registration Statement will not be “reviewed” or will not be subject to further review. The Shelf Registration Statement shall provide for all legally permitted methods or combinations of methods of disposition thereunder of Registrable
Securities, including firm commitment underwritten public offerings, bought deals, block trades, sales in connection with hedging transactions, direct sales, transactions on an agency basis, open market sales, and purchases or sales by brokers. The
Company shall maintain the Shelf Registration Statement in accordance with the terms hereof and shall prepare and file with the SEC such amendments, including post-effective amendments, and supplements as may
be necessary to keep the Shelf Registration Statement continuously effective and available for use in accordance with the terms hereof to permit all Holders named therein to sell their Registrable Securities included therein and in compliance with
the provisions of the Securities Act until this Agreement terminates in accordance with its terms. In the event the Company files a Shelf Registration Statement on Form F-1 (or Form S-1), the Company shall use its reasonable best efforts to convert such Shelf Registration Statement to a Shelf Registration Statement on Form F-3 (or Form S-3) as promptly as practicable after the Company is eligible to use Form F-3 (or Form S-3). 

(ii) Subject to this Section 2.1(a)(ii), Section 2.1(c),
Section 2.3 and the provisions below with respect to the Minimum Threshold, following the expiration of the Lock-Up Restrictions applicable to each Holder, such Holder shall have the
right at any time and from time to time to elect to sell all or any part of its Registrable Securities pursuant to an underwritten offering pursuant to the Shelf Registration Statement (the “Shelf Underwriting”) by delivering a
written request therefor to the Company specifying the number of Registrable Securities to be included in such registration and the intended method of distribution thereof (a “Shelf Underwriting Request”). With respect to any Shelf
Underwriting Request, the Holder or Holders making such request shall be referred to as the “Shelf Underwriting Initiating Holders”. Notwithstanding the above, subject to Section 4.7, Shelf Underwriting
Requests must be delivered by the applicable Primary Holder on behalf of any member of the Pfizer Shareholder Group or the GSK Shareholder Group, as applicable. As promptly as practicable, but no later than two (2) Business Days after receipt
of a Shelf Underwriting Request, the Company shall give written notice (the “Shelf Underwriting Notice”) of such Shelf Underwriting Request to the Holders of record of other Registrable Securities registered on such Shelf
Registration Statement (“Shelf Registrable Securities”). The Company, subject to Sections 2.3 and 2.6, shall include in such Shelf Underwriting (x) the Registrable Securities of the Shelf Underwriting Initiating
Holders and (y) the Shelf Registrable Securities of any other Participating Holder of Shelf Registrable Securities which shall have made a written request through the applicable Primary Holder to the Company for inclusion in such Shelf
Underwriting (which request shall specify the maximum number of Shelf Registrable Securities intended to be disposed of by such Participating Holder) within five (5) days after the receipt of the Shelf Underwriting Notice. The Company shall, as
expeditiously as possible (and in any event within fifteen (15) Business Days after the receipt by the Company of a Shelf Underwriting Request), but subject to Section 2.1(c), use its reasonable best efforts to
effect such Shelf Underwriting. The Company shall, at the request of any Shelf Underwriting 

  
 7 

 
Initiating Holder or any other Participating Holder of Registrable Securities registered on such Shelf Registration Statement, file any prospectus supplement or, if the applicable Shelf
Registration Statement is an automatic shelf registration statement, any post-effective amendments and otherwise take any action necessary to include therein all disclosure and language reasonably deemed
necessary or advisable by the Shelf Underwriting Initiating Holders or any other Participating Holder of Shelf Registrable Securities to effect such Shelf Underwriting. Notwithstanding anything to the contrary in this
Section 2.1(a)(ii), each Shelf Underwriting must include, in the aggregate, Registrable Securities having an aggregate market value of at least the Minimum Threshold (based on the Registrable Securities included in such
Shelf Underwriting by all Participating Holders). In connection with any Shelf Underwriting (including an Underwritten Block Trade), the Primary Holder who delivered the Shelf Underwriting Request on behalf of the Shelf Underwriting Initiating
Holders and the other Primary Holder on behalf of the other Participating Holders, if applicable, shall cooperate with each other in selecting the underwriter(s), bookrunner(s) and/or other adviser(s) to manage and execute any such Shelf
Underwriting (including an Underwritten Block Trade) on the best overall terms and conditions (the “Financial Intermediaries”); provided that if the Primary Holder who delivered the Shelf Underwriting Request on behalf of the
Shelf Underwriting Initiating Holders and the other Primary Holder on behalf of the other Participating Holders do not agree upon the selection of the Financial Intermediaries, each Primary Holder shall be entitled to select one Financial
Intermediary; provided further that, if the other Participating Holders (for the avoidance of doubt, excluding the Shelf Underwriting Initiating Holders) are selling Registrable Securities pursuant to the relevant Shelf Underwriting
that represent in aggregate less than fifteen percent (15%) of the aggregate Registrable Securities being sold pursuant to that Shelf Underwriting, the Primary Holder who delivered the Shelf Underwriting Request on behalf of the Shelf Underwriting
Initiating Holders shall be entitled to select, at its sole discretion, all of the Financial Intermediaries. Where a provision in this Agreement refers to a requirement, request and/or advice of the Financial Intermediaries, such requirement,
request and/or advice shall reference a single request from the Financial Intermediaries acting as a group, delivered by the designated lead underwriter. Notwithstanding the foregoing, if a Shelf Underwriting Initiating Holder wishes to engage in an
underwritten block trade or similar transaction or other transaction with a 2-day or less marketing period (collectively, an “Underwritten Block Trade”) off of a Shelf Registration Statement,
then notwithstanding the foregoing time periods, such Shelf Underwriting Initiating Holder only needs to notify the Company of the Underwritten Block Trade five (5) Business Days prior to the day such offering is to commence, and the Company
shall not be required to give notice thereof to other Holders or permit their participation therein unless the Company determines it is reasonably practicable to do so. The Primary Holders, on behalf of themselves or other Holders, shall be entitled
to request (and the Company shall be required to effect) an unlimited number of Shelf Underwritings. 
 (b) (i) If at any time after
the expiration of the Lock-Up Restrictions and the Completion, a Shelf Registration Statement as required by Section 2.1(a) is not available for use by the Holders (a “Demand
Registration Period”), subject to this Section 2.1(b), and Sections 2.1(c) and 2.3 and the provisions below with respect to the Minimum Threshold, at any time and from time to time during such Demand
Registration Period, each Holder (or Holders) shall have the right to require the Company to prepare and file one or more registration statements under the Securities Act (such registration statement, a “Demand Registration
Statement”) covering all or any part of its Registrable Securities by delivering through the applicable Primary Holder, a written 

  
 8 

 
request therefor to the Company specifying the number of Registrable Securities to be included in such registration and the intended method of distribution thereof. Any such request by any Holder
or Holders pursuant to this Section 2.1(b)(i) is referred to herein as a “Demand Registration Request,” and the registration so requested is referred to herein as a “Demand Registration”
(with respect to any Demand Registration, the Holder(s) making such demand for registration being referred to as the “Initiating Holders”). The Primary Holders, on behalf of themselves or other Holders, shall be entitled to request
(and the Company shall be required to effect) an unlimited number of Demand Registrations. The Company shall give written notice of such Demand Registration Request to each of the Holders of record of Registrable Securities in accordance with
Section 2.2, and, subject to Sections 2.3 and 2.6, shall include in a Demand Registration (x) the Registrable Securities of the Initiating Holders and (y) the Registrable Securities of any other
Participating Holder of Registrable Securities which shall have made a written request to the Company for inclusion in such registration pursuant to Section 2.2. Notwithstanding anything to the contrary in this
Section 2.1(b)(i), each Demand Registration must include, in the aggregate, Registrable Securities having an aggregate market value of at least the Minimum Threshold (based on the Registrable Securities included in such
Demand Registration by all Participating Holders). In connection with any Demand Registration, the Primary Holder that delivered the Demand Registration Request shall have the right to designate the Financial Intermediaries in connection with any
underwritten offering pursuant to such registration, subject to the provisions for agreeing upon the Financial Intermediaries as set out in Section 2.1(a)(ii) above where there are other Participating Holders, which shall
be deemed to apply to such a Demand Registration mutatis mutandis. 
 (ii) The Company shall, as promptly as practicable, but
subject to Section 2.1(c), use its reasonable best efforts to (x) file or confidentially submit with the SEC (no later than (A) sixty (60) days from the Company’s receipt of the applicable Demand Registration
Request if the Demand Registration is on Form F-1 (or Form S-1) or similar long-form registration or (B) thirty (30) days
from the Company’s receipt of the applicable Demand Registration Request if the Demand Registration is on Form F-3 (or Form S-3) or any similar short-form registration), (y) cause to be declared effective as soon as reasonably practicable such Demand Registration Statement under the Securities Act that includes the Registrable Securities which the Company
has been so requested to register for distribution in accordance with the intended method of distribution, and (z) if requested by the Initiating Holders, obtain acceleration of the effective date of the Demand Registration Statement relating
to such registration. 
 (c) (i) Notwithstanding anything to the contrary in Section 2.1(a) or
Section 2.1(b), the Shelf Underwriting and Demand Registration rights granted in Section 2.1(a) and Section 2.1(b) are subject to the following limitations: (x) the
Company shall not be required to cause a Demand Registration Statement filed pursuant to Section 2.1(b) to be declared effective within a period of ninety (90) days after the effective date of any other Demand
Registration Statement of the Company filed pursuant to Section 2.1(b) (unless such Demand Registration Statement is withdrawn or suspended prior to the sale of the Registrable Securities registered thereunder); (y) subject
to clause (z) in this Section 2.1(c), if the Board, in its good faith judgment after consultation with independent outside counsel to the Company, determines that any registration of Registrable Securities or Shelf
Underwriting should not be made or continued because it would require the Company to disclose material non-public information which (A) would be required to be made in the registration statement filed
with the SEC so that such 

  
 9 

 
registration statement would not be materially misleading, (B) would not be required to be made at such time but for the filing, effectiveness or continued use of such registration
statement, and (C) the Company disclosing publicly would materially and adversely interfere with any material financing, acquisition, merger, share exchange or other material transaction involving the Company (a “Valid Business
Reason”), then (1) the Company may postpone filing or confidentially submitting a registration statement relating to a Demand Registration Request or a prospectus supplement relating to a Shelf Underwriting Request until five
(5) Business Days after such Valid Business Reason no longer exists, but in no event for more than sixty (60) days after the date the Board determines a Valid Business Reason exists or (2) if a Shelf Registration Statement, or a
registration statement relating to a Demand Registration Request has been filed or confidentially submitted or a prospectus supplement has been filed relating to a Shelf Underwriting Request, the Company may, to the extent determined in the good
faith judgment of the Board to be reasonably necessary to avoid interference with any of the transactions or events described above, cause such registration statement to be withdrawn and its effectiveness terminated or may postpone amending or
supplementing such registration statement (and consequentially suspend its use) until five (5) Business Days after such Valid Business Reason no longer exists, but in no event for more than sixty (60) days after the date the Board
determines a Valid Business Reason exists (such period of postponement, withdrawal, suspension or termination pursuant to this Section 2.3(c)(i), a “Postponement Period”, and any postponement, withdrawal,
suspension or termination made in reliance on this clause (y) or clause (z) of this Section 2.1(c), a “Postponement”); and (z) if the Board, in its good faith judgment and in consultation
with independent outside counsel to the Company, determines that it is required to file a post-effective amendment to any registration statement filed in accordance with this Agreement for the purpose of meeting the requirements of
section 10(a)(3) of the Securities Act or Item 512(a)(4) of Regulation S-K, it shall be entitled to effect a Postponement for a duration not exceeding fifteen (15) days after the date the Board
determines it is required to file a post-effective amendment in accordance with this clause (the “PEA Postponement Period”) without prejudice to the Company’s obligations under Section 2.1(a)(i),
Section 2.4(b), Section 2.4(e) and Section 2.4(aa), provided that if the PEA Postponement Period lapses before the SEC declares such registration statement, as amended,
effective, the duration between the lapse of the PEA Postponement Period and the declaration of effectiveness of the registration statement will be counted toward the duration of the Postponement Period. The Company shall give written notice to the
Participating Holders of its determination to exercise a Postponement and of the fact that the Valid Business Reason for such Postponement no longer exists, together with a certificate of such determination signed by the Chief Executive Officer or
Chief Financial Officer of the Company, in each case, promptly after the occurrence thereof; provided, however, that (1) subject to clause (z) in this Section 2.1(c), the Company shall not be
entitled to more than two (2) Postponement Periods during any twelve (12) month period or for more than an aggregate of sixty (60) days in any twelve (12) month period; and (2) the Company shall not be entitled to
(a) more than two (2) PEA Postponement Periods during any twelve (12) month period or (b) any PEA Postponement Period for so long as the Company is eligible to use Form F-3. 

(ii) Each Holder of Registrable Securities agrees that, upon receipt of any notice from the Company that the Company has determined to
exercise a Postponement, such Holder will discontinue its disposition of Registrable Securities pursuant to the applicable registration statement. If the Company shall give any notice of a Postponement, immediately after the expiration of the
Postponement Period, the Company shall permit use of the respective registration statement or use its reasonable best efforts to effect the respective registration under the Securities Act of the Registrable Securities, as relevant (unless the
Initiating Holders or Shelf Underwriting Initiating Holders shall have withdrawn the respective request). 

  
 10 

 (iii) Notwithstanding anything in this Agreement to the contrary, the Company shall not be
permitted to file a registration statement to register for sale, or to conduct any registered securities offerings (including any “take-downs” off of an effective shelf registration statement) of, any of its securities either for its own
account or for the account of any security holder or holders during any Postponement Period. 
 (d) Any Primary Holder may withdraw or
revoke a Demand Registration Request that such Primary Holder delivered on behalf of itself or an Initiating Holder at any time prior to the effectiveness of such Demand Registration by giving written notice to the Company of such withdrawal or
revocation and such Demand Registration shall have no further force or effect.  
 (e) This
Section 2.1 shall be subject in all respects to the terms of the Orderly Marketing Agreement. 
 2.2. Piggyback
Registrations. 
 (a) If the Company proposes or is required to register any of its equity securities (which for the avoidance of doubt
includes ADRs for all purposes of this Agreement) for its own account or for the account of any other shareholder under the Securities Act (other than pursuant to registrations on Form F-4 (or Form S-4) or Form S-8 or any similar successor forms thereto) (including pursuant to a Demand Registration Request by any Holder), the Company shall give written notice (the
“Piggyback Notice”) of its intention to do so to each of the Holders of record of Registrable Securities, at least five (5) Business Days prior to the filing of any registration statement under the Securities Act. Upon the
written request through the applicable Primary Holder, made within five (5) days following the receipt of any such Piggyback Notice (which request shall specify the maximum number of Registrable Securities intended to be disposed of by the
applicable Participating Holder), the Company shall, subject to Sections 2.2(c), 2.3 and 2.6 hereof, use its reasonable best efforts to cause all such Registrable Securities, the Holders of which have so requested the
registration thereof, to be registered under the Securities Act with the securities which the Company at the time proposes to register to permit the sale or other disposition by the Holders of the Registrable Securities to be so registered,
including, if necessary, by filing with the SEC a post-effective amendment or a supplement to the registration statement filed by the Company or the prospectus related thereto. There is no limitation on the
number of such piggyback registrations which the Company is obligated to effect pursuant to the preceding sentence. No registration of Registrable Securities effected under this Section 2.2(a) shall relieve the Company of
its obligations to effect Demand Registrations under Section 2.1 hereof. 
 (b) Other than in connection with a
Demand Registration or a Shelf Underwriting, at any time after giving a Piggyback Notice and prior to the effective date of the registration statement filed in connection with such registration, if the Company shall determine for any reason not to
register or to delay registration of such equity securities, the Company may, at its election, give written notice of such determination to all Holders of record of Registrable 

  
 11 

 
Securities and (x) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such abandoned registration,
without prejudice, however, to the rights of Holders under Section 2.1, and (y) in the case of a determination to delay such registration of its equity securities, shall be permitted to delay the registration of such
Registrable Securities for the same period as the delay in registering such other equity securities. 
 (c) Any Holder shall have the right
to withdraw its request for inclusion of its Registrable Securities in any registration statement pursuant to this Section 2.2 by giving written notice to the Company of its request to withdraw; provided,
however, that such request must be made in writing prior to the earlier of the execution by such Holder of the underwriting agreement or the execution by such Holder of the custody agreement with respect to such registration. 

(d) This Section 2.2 shall be subject in all respects to the terms of the Orderly Marketing Agreement. 

2.3. Allocation of Securities Included in Registration Statement 

(a) If any requested registration or offering made pursuant to Section 2.1 (including a Shelf Underwriting) involves
an underwritten offering and the Financial Intermediaries of such offering shall advise the Company and the Participating Holders in good faith that, in their view, the number of securities requested to be included in such underwritten offering by
the Holders of Registrable Securities exceeds the largest number of securities that can be sold in an orderly manner in such underwritten offering within a price range acceptable to the Participating Holders, the allocation of Registrable Securities
in such underwritten offering will be subject to the applicable provisions governing allocation of Registrable Securities sold pursuant to a Sale Tranche in the Orderly Marketing Agreement, and such allocation as set forth in the Orderly Marketing
Agreement shall continue to apply notwithstanding any termination of the Orderly Marketing Agreement. 
 (b) If any registration or offering
made pursuant to Section 2.2 involves an underwritten primary offering on behalf of the Company and the Financial Intermediaries shall advise the Company that, in their view, the number of securities requested to be
included in such underwritten offering by the Holders of Registrable Securities and the Company exceeds the largest number of securities (the “Section 2.3(b) Sale Number”) that can be sold in an orderly manner in
such underwritten offering within a price range acceptable to the Company, the Company shall include in such underwritten offering: 
 (i)
first, all Registrable Securities that the Company proposes to register for its own account; and 
 (ii) second, to the extent that the
number of Registrable Securities to be included pursuant to clause (i) of this Section 2.3(b) is less than the Section 2.3(b) Sale Number, the remaining Registrable Securities to be included in such
underwritten offering shall be allocated on a pro rata basis among all Holders requesting that Registrable Securities be included in such underwritten offering pursuant to the exercise of piggyback rights pursuant to
Section 2.2(a), based on the aggregate number of Registrable Securities then owned by each such Holder requesting inclusion in relation to the aggregate number of Registrable Securities owned by all Holders requesting
inclusion, up to the Section 2.3(b) Sale Number. 

  
 12 

 (c) If, as a result of the proration provisions set forth in clauses (a) or (b) of this
Section 2.3, any Holder shall not be entitled to include all Registrable Securities in an underwritten offering that such Holder has requested be included, such Holder may elect to withdraw such Holder’s request to
include Registrable Securities in the registration to which such underwritten offering relates or may reduce the number requested to be included; provided, however, that (x) such request must be made in writing prior to the
earlier of such Holder’s execution of the underwriting agreement or such Holder’s execution of the custody agreement with respect to such registration and (y) such withdrawal or reduction shall be irrevocable and, after making such
withdrawal or reduction, such Holder shall no longer have any right to include Registrable Securities in the registration as to which such withdrawal or reduction was made to the extent of the Registrable Securities so withdrawn or reduced. 

(d) This Section 2.3 shall be subject in all respects to the terms of the Orderly Marketing Agreement. 

2.4. Registration Procedures. If and whenever the Company is required by the provisions of this Agreement to effect or cause the
registration of and/or participate in any offering or sale of any Registrable Securities under the Securities Act as provided in this Agreement (or use reasonable best efforts to accomplish the same), the Company shall, as promptly as practicable:

 (a) prepare and file all filings required for the consummation of the offering, including preparing and filing with the SEC a
registration statement on an appropriate registration form of the SEC for the disposition of such Registrable Securities in accordance with the intended method of disposition thereof, which registration form (i) shall be selected by the Company
(except as provided for in a Demand Registration Request) and (ii) shall, in the case of a Shelf Registration, be available for the sale of the Registrable Securities by the selling Holders thereof and such registration statement shall comply
as to form in all material respects with the requirements of the applicable registration form and include all financial statements required by the SEC to be filed therewith, and the Company shall use its reasonable best efforts to cause such
registration statement to become effective and remain continuously effective for such period as required by this Agreement, or prepare and file with the SEC a prospectus supplement pursuant to an effective registration statement (provided,
however, that as far in advance as reasonably practicable before filing the respective filings of a registration statement (or amendment thereto), or before sending a response to an SEC comment letter prior to any such filing, the Company
will furnish to the Participating Holders and to the Financial Intermediaries, if any, copies of all such documents proposed to be filed (including all exhibits thereto and each document incorporated by reference therein to the extent then required
by the rules and regulations of the SEC), which documents will be subject to their reasonable review and reasonable comment (including any reasonable objections to any information pertaining to the Holders and their plan of distribution and
otherwise to the extent necessary, if at all, to complete the filing or maintain the effectiveness thereof) and the Company shall consider in good faith the changes reasonably and timely requested by the Participating Holders, the Financial
Intermediaries and their legal counsel and shall not file any such documents to which the Participating Holders or the Financial Intermediaries, if any, shall reasonably object); 

  
 13 

 (b) (i) prepare and file with the SEC such amendments and supplements to such
registration statement and the prospectus or prospectus supplement used in connection therewith and such free writing prospectuses and Exchange Act reports as may be necessary to keep such registration statement continuously effective for such
period as required by this Agreement and to comply with the provisions of the Securities Act with respect to the sale or other disposition of all Registrable Securities covered by such registration statement, and any prospectus so supplemented to be
filed pursuant to Rule 424 under the Securities Act, in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement and (ii) provide notice to the Participating Holders and the
Financial Intermediaries, if any, of the Company’s reasonable determination that a post-effective amendment to a registration statement would be appropriate; 

(c) furnish, without charge, to each Participating Holder and each Financial Intermediary, if any, such number of copies of such registration
statement, each amendment and supplement thereto (in each case including all exhibits), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under
Rule 424 under the Securities Act, each free writing prospectus utilized in connection therewith, in each case, in conformity with the requirements of the Securities Act, and other documents, as such Participating Holder and the Financial
Intermediaries, if any, may reasonably request; 
 (d) use its reasonable best efforts to register or qualify the Registrable Securities
covered by such registration statement under such other securities or state “blue sky” laws of such jurisdictions as any Participating Holder and the Financial Intermediaries, if any, shall reasonably request in writing, and do any and all
other acts and things which may be reasonably necessary or advisable to enable such Participating Holder and the Financial Intermediaries, if any, to consummate the disposition of the Registrable Securities in such jurisdictions (including keeping
such registration or qualification in effect for so long as such registration statement remains in effect), except that in no event shall the Company be required to (i) qualify to do business as a foreign corporation in any jurisdiction where
it would not, but for the requirements of this paragraph (d), be required to be so qualified, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction;

 (e) promptly notify each Participating Holder and the Financial Intermediaries, if any: (i) when the registration statement, any pre-effective amendment, the prospectus or any prospectus supplement related thereto, any post-effective amendment to the registration statement or any free writing prospectus
has been filed with the SEC and, with respect to the registration statement or any post-effective amendment, when the same has become effective; (ii) of any request by the SEC or state securities
authority for amendments or supplements to the registration statement or the prospectus related thereto or for additional information, including copies of any and all transmittal letters and other correspondence with the SEC and all correspondence
(including comment letters and a copy of the Company’s draft responses thereto) from the SEC to the Company relating to such registration statement or any prospectus or any amendment or supplement thereto; (iii) of the issuance by the SEC
of any stop order suspending the effectiveness 

  
 14 

 
of the registration statement or the initiation of any proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of the
qualification of any Registrable Securities for sale under the securities or state “blue sky” laws of any jurisdiction or the initiation of any proceeding for such purpose; (v) of the existence of any fact of which the Company becomes
aware which results in the registration statement or any amendment thereto, the prospectus related thereto or any supplement thereto, any document incorporated therein by reference, any free writing prospectus or the information conveyed at the time
of sale to any purchaser containing an untrue statement of a material fact or omitting to state a material fact required to be stated therein or necessary to make any statement therein not misleading; and if at any time the representations and
warranties contemplated by any underwriting agreement, securities sale agreement, or other similar agreement, relating to the offering shall cease to be true and correct in all material respects (unless otherwise qualified by materiality in which
case such representations and warranties shall cease to be true and correct in all respects); and, if the notification relates to an event described in clause (v) above, unless the Company has declared that a Postponement Period exists, the
Company shall promptly prepare and furnish to each such Participating Holder and the Financial Intermediaries, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to the purchasers of such
Registrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein in the light of the circumstances under which
they were made not misleading; 
 (f) comply (and continue to comply) with all applicable rules and regulations of the SEC (including
maintaining disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule
13a-15(f)) in accordance with the Exchange Act), and make generally available to its security holders (including by way of filings with the SEC), as soon as reasonably practicable after the effective date of
the registration statement (and in any event within (i) four (4) months if the Company qualifies as a foreign private issuer (as defined in Rule 405 of Regulation C under the Securities Act and Rule 3b-4
under the Exchange Act) or (ii) within forty-five (45) days after the end of such twelve month period described hereafter), an earnings statement (which need not be audited) covering the period of at least twelve (12) consecutive
months beginning with the first day of the Company’s first (x) full fiscal year if the Company qualifies as a foreign private issuer (as defined in Rule 405 of Regulation C under the Securities Act and Rule
3b-4 under the Exchange Act) or (y) calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities
Act and Rule 158 thereunder; 
 (g) (i) use its reasonable best efforts to cause all such Registrable Securities covered by such
registration statement to be listed on the principal securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable Securities is then permitted under the rules of such exchange, and
(ii) comply (and continue to comply) with the requirements of any self-regulatory organization applicable to the Company, including all corporate governance requirements; 

(h) cause its senior management, officers, appropriate employees and independent public accountants (in the case of the independent public
accountants, subject to any applicable accounting guidance regarding their participation in the offering or the due diligence process) to participate in, and to otherwise facilitate and cooperate with the preparation of the registration statement
and prospectus and any amendments or supplements thereto (including participating in meetings, drafting sessions and due diligence sessions), taking into account the Company’s reasonable business needs; 

  
 15 

 (i) provide and cause to be maintained a transfer agent and registrar for all such
Registrable Securities covered by the applicable registration statement not later than the effective date of such registration statement and, in the case of any secondary equity offering, provide and enter into any reasonable agreements with a
custodian for the Registrable Securities; 
 (j) enter into, and cause its directors and officers to enter into, such customary agreements
(including, if applicable, customary underwriting agreements and lock-up agreements not to exceed ninety (90) days if requested by the Financial Intermediaries) and take such other customary actions as
the Participating Holders or the Financial Intermediaries shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; 

(k) use its reasonable best efforts to obtain opinions from the Company’s counsel, including local and/or regulatory counsel, and a
“comfort” letter and updates thereof from the independent public accountants who have certified the financial statements of the Company (and/or any other financial statements) included or incorporated by reference in such registration
statement, in each case, in customary form and covering such matters as are customarily covered by such opinions and “comfort” letters delivered to Financial Intermediaries in underwritten public offerings; and furnish to each
Participating Holder and to each Financial Intermediary a copy of such opinions and letters addressed to such Financial Intermediary; 
 (l)
deliver promptly to counsel for the Participating Holders and to the Financial Intermediaries, if any, copies of all correspondence between the SEC and the Company, its counsel or auditors and all memoranda relating to discussions with the SEC or
its staff with respect to the registration statement, and, upon receipt of such confidentiality agreements as the Company may reasonably request, make reasonably available for inspection by counsel for the Participating Holders, by counsel for the
Financial Intermediaries, if any, participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by the Participating Holders or the Financial Intermediaries, if any,
during regular business hours, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably
requested by any such counsel for the Participating Holders, counsel for a Financial Intermediary, attorney, accountant or agent in connection with such registration statement; 

(m) use its reasonable best efforts to prevent the issuance or obtain the prompt withdrawal of any order suspending the effectiveness of the
registration statement, or the prompt lifting of any suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction, in each case, as promptly as reasonably practicable; 

(n) provide a CUSIP number for all Registrable Securities not later than the effective date of the registration statement; 

  
 16 

 (o) use its reasonable best efforts to make available its senior management for
participation in “roadshows” and other marketing efforts and otherwise provide reasonable assistance to the Financial Intermediaries (taking into account the Company’s reasonable business needs and the requirements of the marketing
process) in the marketing of Registrable Securities in any underwritten offering; 
 (p) prior to the filing of any document which is to be
incorporated by reference into the registration statement or the prospectus (after the initial filing or confidential submission of such registration statement) and which includes information regarding the Participating Holders or Financial
Intermediaries, and prior to the filing or use of any free writing prospectus which includes information regarding the Participating Holders or Financial Intermediaries, provide copies of such document to counsel for the Participating Holders and to
each Financial Intermediary, if any, and make the Company’s representatives reasonably available for discussion of such document and make such changes in such document concerning the information regarding the Participating Holders contained
therein prior to the filing thereof as counsel for the Participating Holders or Financial Intermediaries, if any, may reasonably request; 

(q) furnish to counsel for the Participating Holders and to each Financial Intermediary, without charge, upon request, at least one conformed
copy of the registration statement and any post-effective amendments or supplements thereto, including financial statements and schedules, all documents incorporated therein by reference, the prospectus
contained in such registration statement (including each preliminary prospectus and any summary prospectus), any other prospectus and prospectus supplement filed under Rule 424 under the Securities Act and all exhibits (including those incorporated
by reference) and any free writing prospectus utilized in connection therewith; 
 (r) take no direct or indirect action prohibited by
Regulation M under the Exchange Act; 
 (s) include in any prospectus or prospectus supplement if requested by the Financial Intermediaries
updated financial or business information for the Company’s most recent quarterly period if required for purposes of marketing the offering in the view of the Financial Intermediaries; 

(t) use its reasonable best efforts to cause the Registrable Securities covered by the applicable registration statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to enable the Participating Holders or the Financial Intermediaries, if any, to consummate the disposition of such Registrable Securities; 

(u) use its reasonable best efforts to take all such actions as are necessary or advisable in order to expedite or facilitate the disposition
of such Registrable Securities, including procuring the cooperation of any transfer agent, custodian and/or Depositary, as necessary; 

  
 17 

 (v) use its reasonable best efforts to ensure that any free writing prospectus utilized in
connection with any registration covered by Section 2.1 or 2.2 complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required thereby, is retained in
accordance with the Securities Act to the extent required thereby, will not conflict with a related prospectus, prospectus supplement and related documents and, when taken together with the related prospectus, prospectus supplement and related
documents, will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

(w) in connection with any underwritten offering, if at any time the information conveyed to a purchaser at the time of sale includes any
untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, promptly file with the SEC such amendments or
supplements to such information as may be necessary so that the statements as so amended or supplemented will not, in the light of the circumstances, be misleading; 

(x) if requested by the Financial Intermediaries or any Participating Holder, promptly incorporate in a prospectus supplement or
post-effective amendment such information as the Financial Intermediary or Participating Holder reasonably requests to be included therein, including, without limitation, with respect to the Registrable Securities being sold by such Participating
Holder, the purchase price being paid therefor by the Financial Intermediaries and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering, and promptly make all required filings of such
prospectus supplement or post-effective amendment; 
 (y) to the extent required by the rules and regulations of FINRA, retain a Qualified
Independent Underwriter acceptable to the Financial Intermediaries; 
 (z) use reasonable best efforts to cooperate with the Financial
Intermediaries, Participating Holders, any indemnitee of the Company and their respective counsel in connection with the preparation and filing of any applications, notices, registrations and responses to requests for additional information with
FINRA, the LSE, the NYSE, or any other national securities exchange on which the Registrable Securities are listed; and 
 (aa) cooperate
with the Holders and the Financial Intermediaries, if any, to facilitate the timely preparation and delivery of book-entry shares or certificates not bearing any restrictive legends representing the Registrable Securities to be sold, and cause such
Registrable Securities to be issued in such denominations and registered in such names in accordance with the underwriting agreement at least two (2) Business Days prior to any sale of Registrable Securities to the Financial Intermediaries or,
if not an underwritten offering, in accordance with the instructions of the Holders at least two (2) Business Days prior to any sale of Registrable Securities and instruct any transfer agent and registrar of Registrable Securities to release
any stop transfer orders in respect thereof (and, in the case of Registrable Securities registered on a Shelf Registration Statement, at the request of the Holders, prepare and deliver book-entry shares or certificates representing such Registrable
Securities not bearing any restrictive legends and deliver or cause to be delivered an opinion or instructions to the transfer agent in order to allow such Registrable Securities to be sold from time to time). 

  
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 To the extent the Company is a WKSI at the time any Demand Registration Request is submitted to the Company,
the Company shall file an automatic shelf registration statement (as defined in Rule 405 under the Securities Act) (an “automatic shelf registration statement”) on Form F-3 (or Form S-3) which covers those Registrable Securities which are requested to be registered. The Company shall not take any action that would result in it not remaining a WKSI or would result in it becoming an ineligible
issuer (as defined in Rule 405 under the Securities Act) during the period during which such automatic shelf registration statement is required to remain effective. If the Company does not pay the filing fee covering the Registrable Securities at
the time the automatic shelf registration statement is filed, the Company agrees to pay such fee at such time or times as the Registrable Securities are to be sold in compliance with the SEC rules. If the automatic shelf registration statement has
been outstanding for at least three (3) years, at or prior to the end of the third year, the Company shall refile a new automatic shelf registration statement covering the Registrable Securities. If at any time when the Company is required to re-evaluate its WKSI status, the Company determines that it is not a WKSI, the Company shall use its reasonable best efforts to refile the shelf registration statement on Form
F-3 (or Form S-3) and, if such form is not available, Form F-1 (or Form S-1), as promptly
as practicable and keep such registration statement effective during the period which such registration statement is required to be kept effective. 

Without limiting any of the Company’s obligations set forth in this Agreement, including Section 2.9, if the Company files any
Shelf Registration Statement for the benefit of the holders of any of its securities other than the Holders, and the Holders do not request that their Registrable Securities be included in such Shelf Registration Statement, the Company agrees that
it shall include in such registration statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by identifying the initial offering of the securities to
the Holders) in order to ensure that the Holders may be added to such Shelf Registration Statement at a later time through the filing of a prospectus supplement rather than a post-effective amendment; provided that the foregoing obligation
shall only apply to the extent that the Company is eligible to rely on Rule 430B under the Securities Act with respect to selling security holder disclosures. 

The Company may require as a condition precedent to the Company’s obligations under this Section 2.4 that each Participating
Holder as to which any registration is being effected furnish the Company and the Financial Intermediaries such information regarding such Participating Holder and the distribution of such securities as is required to be included in such
registration statement or as required under state securities laws; provided that such information is necessary for the Company to consummate such registration and shall be used only in connection with such registration. 

Each Holder of Registrable Securities agrees that upon receipt of any notice from the Company of the happening of any event of the kind described in clause
(v) of paragraph (e) of this Section 2.4, such Holder will discontinue such Holder’s disposition of Registrable Securities pursuant to the registration statement covering such Registrable
Securities until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by paragraph (e) of this Section 2.4 and, if so directed by the Company, will deliver to the
Company (at the Company’s expense) all copies, other than permanent file copies, then in such Holder’s possession of the prospectus covering such Registrable Securities that was in effect at the time of receipt of such notice. In the event
the Company shall give any such notice, the applicable period mentioned in paragraph (b) of this 

  
 19 

 
Section 2.4 shall be extended by the number of days during such period from and including the date of the giving of such notice to and including the date when each
Participating Holder covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by paragraph (e) of this Section 2.4. Notwithstanding the
foregoing or anything to the contrary contained herein, any such Postponement shall be subject to Section 2.1(c) in all respects. 

The Company agrees not to file or make any amendment to any registration statement with respect to any Registrable Securities, or any amendment of or
supplement to the prospectus, or any free writing prospectus, which amendment refers to any Holder covered thereby by name, or otherwise identifies such Holder, without the consent of such Holder, such consent not to be unreasonably withheld or
delayed, unless such disclosure is required by law, in which case the Company shall provide written notice to such Holders no less than five (5) Business Days prior to the filing. 

2.5. Registration Expenses. 

(a) The Company shall pay all Expenses with respect to any registration or offering of Registrable Securities pursuant to
Section 2, whether or not a registration statement becomes effective or the offering is consummated. 
 (b)
Notwithstanding the foregoing, in connection with any underwritten offering hereunder, each Participating Holder shall pay all underwriting discounts and commissions attributable to the sale of such Registrable Securities, pro rata in
accordance with the number of Registrable Securities sold in the offering by such Participating Holder, and each Participating Holder shall be responsible for any transfer taxes (including stamp duties), if any, arising out of the sale of its own
Registrable Securities. 
 2.6. Certain Limitations on Registration Rights. In the case of any registration under
Section 2.1 involving an underwritten offering, or, in the case of a registration under Section 2.2, if the Company has determined to enter into an underwriting agreement in connection therewith,
all securities to be included in such underwritten offering shall be subject to such underwriting agreement and no Person may participate in such underwritten offering unless such Person (i) agrees to sell such Person’s securities on the
basis provided therein and completes and executes all reasonable questionnaires, and other customary documents (including custody agreements, powers of attorney and lock-up agreements not to exceed ninety
(90) days if requested by the Financial Intermediaries) which must be executed in connection therewith; provided, however, that all such documents shall be consistent with the provisions hereof and the Orderly Marketing Agreement
and (ii) provides such other information to the Company or the Financial Intermediaries as may be necessary to register such Person’s securities. 

2.7. No Required Sale. Nothing in this Agreement shall be deemed to create an independent obligation on the part of any
Holder to sell any Registrable Securities pursuant to any effective registration statement. A Holder is not required to include any of its Registrable Securities in any registration statement, is not required to sell any of its Registrable
Securities which are included in any effective registration statement, and may sell any of its Registrable Securities in any manner in compliance with applicable law (subject to any of the Lock-Up
Restrictions) even if such shares are already included on an effective registration statement. 

  
 20 

 2.8. Indemnification. 

(a) In the event of any registration or offer and sale of any securities of the Company under the Securities Act pursuant to this
Section 2, the Company, to the fullest extent permitted by law, will (without limitation as to time), and hereby agrees to, indemnify and hold harmless, each Holder, any Person who is or might be deemed to be a
“controlling person” of such Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each such Person, a “Controlling Person”), their respective directors, officers,
employees, shareholders, members, general and limited partners, agents, Affiliates, representatives, successors and assigns, and each Financial Intermediary in the offering or sale of such securities and their respective directors, officers,
employees, shareholders, members, general and limited partners, agents, Affiliates, representatives, successors and assigns, from and against any and all losses, claims, damages or liabilities, joint or several, actions or proceedings (whether
commenced or threatened) and expenses (including reasonable fees of counsel and, subject to Section 2.8(d), any amounts paid in any settlement) to which each such indemnified party may become subject under the Securities
Act, common law or otherwise in respect thereof (collectively, “Claims”), insofar as such Claims arise out of, are based upon, relate to or are in connection with (i) any untrue statement or alleged untrue statement of a
material fact contained in any registration statement or in any amendment or supplement thereto under which such securities were registered under the Securities Act or the omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary, final or summary prospectus or any amendment or supplement
thereto, together with the documents incorporated by reference therein, or any free writing prospectus utilized in connection therewith, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (iii) any untrue statement or alleged untrue statement of a material fact in the information conveyed by the Company to
any purchaser at the time of the sale to such purchaser, or the omission or alleged omission to state therein a material fact required to be stated therein, or (iv) any violation by the Company of any federal, state or common law rule or
regulation applicable to the Company and relating to any action required of or inaction by the Company in connection with any such offering of Registrable Securities, and the Company will reimburse any such indemnified party for any legal or other
expenses reasonably incurred by such indemnified party in connection with investigating or defending any such Claim as such expenses are incurred; provided, however, that the Company shall not be liable to any such indemnified party in
any such case to the extent such Claim arises out of or is based upon any untrue statement or alleged untrue statement of a material fact or omission or alleged omission of a material fact made in such registration statement or amendment thereof or
supplement thereto or in any such prospectus or any preliminary, final or summary prospectus or free writing prospectus in reliance upon and in conformity with written information furnished to the Company by or on behalf of such indemnified party
specifically for use therein. The Company and each Participating Holder hereby acknowledge and agree that, unless otherwise expressly agreed to in writing by such Participating Holders to the contrary, for all purposes of this Agreement (including
Section 2.8(b)), the only information furnished or to be furnished by any such Participating Holder to the Company for use 

  
 21 

 
in any such registration statement, preliminary, final or summary prospectus or amendment or supplement thereto, or any free writing prospectus, are statements specifically relating to
(i) the beneficial ownership of the Registrable Securities by such Participating Holder and its Affiliates as disclosed in the section of such document entitled “Selling Stockholders” or “Principal and Selling Stockholders”
and (ii) the name and address of such Participating Holder. Such indemnity and reimbursement of expenses shall remain in full force and effect regardless of any investigation made by or on behalf of such indemnified party and shall survive the
transfer of such securities by such seller. 
 (b) Each Participating Holder shall, severally and not jointly, indemnify and hold harmless
(in the same manner and to the same extent as set forth in paragraph (a) of this Section 2.8) to the fullest extent permitted by law, the Company, its officers and its directors, each Person who is or might be deemed
to be a Controlling Person of the Company and all other Participating Holders of Registrable Securities and their directors, officers, stockholders, fiduciaries, managing directors, agents, affiliates, representatives, successors, assigns or general
and limited partners and respective Controlling Persons with respect to any untrue statement or alleged untrue statement of any material fact in, or omission or alleged omission of any material fact from, such registration statement, any
preliminary, final or summary prospectus contained therein, or any amendment or supplement thereto, or any free writing prospectus utilized in connection therewith, if such statement or alleged statement or omission or alleged omission was made in
reliance upon and in strict conformity with written information furnished to the Company or its representatives by or on behalf of such Participating Holder specifically for use therein, and each such Participating Holder shall reimburse such
indemnified party for any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such Claim as such expenses are incurred; provided, however, that the aggregate amount
which any such Participating Holder shall be required to pay pursuant to this Section 2.8 (including pursuant to indemnity, contribution or otherwise) shall in no case be greater than the amount of the net proceeds (after
deducting underwriters’ discounts and commissions) received by such Participating Holder upon the sale of the Registrable Securities pursuant to the registration statement giving rise to such Claim; provided further that such
Participating Holder shall not be liable in any such case to the extent that prior to the filing or confidential submission of any such registration statement or prospectus or amendment thereof or supplement thereto, or any free writing prospectus
utilized in connection therewith, such Participating Holder has furnished in writing to the Company information expressly for use in such registration statement or prospectus or any amendment thereof or supplement thereto or free writing prospectus
which corrected or made not misleading information previously furnished to the Company. Such indemnity and reimbursement of expenses shall remain in full force and effect regardless of any investigation made by or on behalf of such indemnified party
and shall survive the transfer of such securities by such Holder. 
 (c) Indemnification similar to that specified in the preceding
paragraphs (a) and (b) of this Section 2.8 (with appropriate modifications) shall be given by the Company and each Participating Holder with respect to any required registration or other qualification of securities
under any applicable securities and state “blue sky” laws. 
 (d) Any Person entitled to indemnification under this Agreement
shall notify promptly the indemnifying party in writing of the commencement of any action or proceeding with 

  
 22 

 
respect to which a Claim may be made pursuant to this Section 2.8, but the failure of any indemnified party to provide such notice shall not relieve the indemnifying
party of its obligations under the preceding paragraphs of this Section 2.8, except to the extent the indemnifying party is materially and actually prejudiced thereby and shall not relieve the indemnifying party from any
liability which it may have to any indemnified party otherwise than under this Section 2.8. In case any action or proceeding is brought against an indemnified party and such indemnified party shall have notified the
indemnifying party of the commencement thereof (as required above), the indemnifying party shall be entitled to participate therein and, unless in the reasonable opinion of outside counsel to the indemnified party a conflict of interest between such
indemnified and indemnifying parties exists in respect of such Claim, to assume the defense thereof jointly with any other indemnifying party similarly notified, to the extent that it chooses, with counsel reasonably satisfactory to such indemnified
party, and after notice from the indemnifying party to such indemnified party that it so chooses, the indemnifying party shall not be liable to such indemnified party for any legal or other expenses subsequently incurred by such indemnified party in
connection with the defense thereof other than reasonable costs of investigation; provided, however, that (i) if the indemnifying party fails to take reasonable steps necessary to defend diligently the action or proceeding within
twenty (20) days after receiving notice from such indemnified party that the indemnified party believes it has failed to do so; (ii) if such indemnified party who is a defendant in any action or proceeding which is also brought against the
indemnifying party reasonably shall have concluded that there may be one or more legal or equitable defenses available to such indemnified party which are not available to the indemnifying party or which may conflict with or be different from those
available to another indemnified party with respect to such Claim; or (iii) if such indemnified party has reasonably concluded that representation of both parties by the same counsel is otherwise inappropriate under applicable standards of
professional conduct, then, in any such case, the indemnified party shall have the right to assume or continue its own defense as set forth above and the indemnifying party shall be liable for any expenses therefor. No indemnifying party shall be
liable for any settlement of any proceeding effected without its written consent (which consent shall not be unreasonably withheld or delayed), but if settled with such consent or if there be a final judgment for the plaintiff, such indemnifying
party agrees to indemnify each indemnified party from and against any loss, claim, damage, liability or expense by reason of such settlement or judgment. No indemnifying party shall, without the written consent of the indemnified party, effect the
settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an
actual or potential party to such action or claim) unless such settlement, compromise or judgment (A) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (B) does not
include a statement as to or an admission of fault or culpability, by or on behalf of any indemnified party. 
 (e) If for any reason the
foregoing indemnity is unavailable, unenforceable or is insufficient to hold harmless an indemnified party under Sections 2.8(a), (b) or (c), then each applicable indemnifying party shall have a
several and not joint obligation to contribute to the amount paid or payable to such indemnified party as a result of any Claim in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and the
indemnified party, on the other hand, with respect to such Claim. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information 

  
 23 

 
supplied by the indemnifying party or the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or
omission. If, however, the allocation provided in the second preceding sentence is not permitted by applicable law, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party in such proportion as is
appropriate to reflect not only such relative faults but also the relative benefits of the indemnifying party and the indemnified party as well as any other relevant equitable considerations. The parties hereto agree that it would not be just and
equitable if any contribution pursuant to this Section 2.8(e) were to be determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to
in the preceding sentences of this Section 2.8(e). The amount paid or payable in respect of any Claim shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such Claim. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. Notwithstanding anything in this Section 2.8(e) to the contrary, no indemnifying party (other than the Company) shall be required pursuant to this Section 2.8(e) to contribute
any amount greater than the amount of the net proceeds (after deducting underwriters’ discounts and commissions) received by such indemnifying party from the sale of Registrable Securities pursuant to the registration statement giving rise to
such Claim, less the amount of any indemnification payment made by such indemnifying party pursuant to Sections 2.8(b) and (c). In addition, no Holder of Registrable Securities or any Affiliate thereof shall be required to pay any
amount under this Section 2.8(e) unless such Person or entity would have been required to pay an amount pursuant to Section 2.8(b) if it had been applicable in accordance with its terms. 

(f) The indemnity and contribution agreements contained herein shall be in addition to any other rights to indemnification or contribution
which any indemnified party may have pursuant to law or contract and shall remain operative and in full force and effect regardless of any investigation made or omitted by or on behalf of any indemnified party and shall survive the transfer of the
Registrable Securities by any such party. 
 (g) The indemnification and contribution required by this Section 2.8
shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred. 

2.9. No Inconsistent Agreements; Orderly Marketing Agreement. The Company is not currently a party to, and shall not
hereafter enter into without the prior written consent of the Primary Holders, any agreement with respect to its securities that would have the effect of impairing the rights granted to the Holders in this Agreement or that is otherwise inconsistent
with the rights granted to the Holders by this Agreement or that grants any other Person any registration rights similar to those provided by this Agreement, except as permitted by Section 4.8. However, it is understood
that the Orderly Marketing Agreement, the Separation Co-Operation and Implementation Agreement and the Relationship Agreement are being entered into by various parties to this Agreement on or around the date
of this Agreement, and the Orderly Marketing Agreement shall supersede the terms of this Agreement in the event of any inconsistencies between the Orderly Marketing Agreement and this Agreement. For the avoidance of doubt, it is understood that the
terms of this Agreement shall not be interpreted as permitting any sale of Registrable Securities contrary to the terms of the Orderly Marketing Agreement, and any purported sale of Registrable Securities or exercise of rights hereunder that is
contrary to the terms of the Orderly Marketing Agreement shall be considered invalid and void. 

  
 24 

 Section 3. Underwritten Offerings. 

3.1. Requested Underwritten Offerings. If requested by the underwriters for any underwritten offering pursuant to a
registration requested under Section 2.1, the Company shall enter into a customary underwriting agreement with the underwriters. Such underwriting agreement shall (i) be satisfactory in form and substance to the
Participating Holders, (ii) contain terms not inconsistent with the provisions of this Agreement and (iii) contain such representations and warranties by, and such other agreements on the part of, the Company and such other terms as are
generally prevailing in agreements of that type, including indemnities and contribution agreements on substantially the same terms as those contained herein or as otherwise customary for the underwriters. Every Participating Holder shall be a party
to such underwriting agreement, provided that under such underwriting agreement: (i) each Participating Holder shall not be required to make any representations or warranties to or agreements with the Company or the underwriters other
than customary representations of a selling shareholder, including representations, warranties or agreements regarding its ownership of and title to the Registrable Securities, any written information specifically provided by such Participating
Holder for inclusion in the registration statement and its intended method of distribution, and (ii) any liability of such Participating Holder to any underwriter or other Person under such underwriting agreement for indemnity, contribution or
otherwise shall in no case be greater than the amount of the net proceeds received by such Participating Holder upon the sale of Registrable Securities pursuant to such registration statement (after deducting underwriters’ discounts and
commissions) and in no event shall relate to anything other than information about such Holder specifically provided by such Holder for use in the registration statement and prospectus and shall otherwise contain terms no less advantageous to such
Holders than those provided in Section 2.8 (the above clauses (i) and (ii) collectively, the “Acceptable Terms”). 

3.2. Piggyback Underwritten Offerings. In the case of a registration pursuant to Section 2.2,
if the Company shall have determined to enter into an underwriting agreement in connection therewith, all of the Participating Holders’ Registrable Securities to be included in such registration shall be subject to such underwriting agreement
(provided such underwriting agreement reflects the Acceptable Terms (as defined above)). 
 Section 4. General. 

4.1. Adjustments Affecting Registrable Securities. The provisions of this Agreement shall apply, to the fullest extent
set forth herein with respect to the Registrable Securities, to any and all equity securities of the Company, any entity separated from the Company by way of spin-off,
split-off, demerger or otherwise, or any successor or assign of the Company (whether by merger, share exchange, consolidation, sale of assets or otherwise) or any direct or indirect subsidiary or parent
company of the Company which may be issued in respect of, in exchange for or in substitution of, Registrable Securities 

  
 25 

 
and shall be appropriately adjusted for any share dividends, splits, reverse splits, combinations, recapitalizations and the like occurring after the date hereof so as to reflect the intent and
meaning of the provisions hereof and so that the rights, privileges, duties and obligations hereunder shall continue with respect to the capital stock of the Company as so changed as well as the capital stock of any other entity received in
connection with such transaction. 
 4.2. Rule 144. The Company covenants that (i) so long as it remains subject
to the reporting provisions of the Exchange Act, it will timely file the reports required to be filed by it under the Securities Act or the Exchange Act (including, but not limited to, the reports under Sections 13 and 15(d) of the Exchange Act
referred to in subparagraph (c)(1)(i) of Rule 144 under the Securities Act, as such Rule may be amended (“Rule 144”)) or, if the Company is not required to file such reports, it will, upon the request of any Holder, make publicly
available other information so long as necessary to permit sales by such Holder under Rule 144, or any similar rules or regulations hereafter adopted by the SEC, and (ii) it will take such further action as any Holder may reasonably request,
all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the safe harbor provided by Rule 144, or any similar rule or regulation
hereafter adopted by the SEC. Upon the request of any Holder of Registrable Securities, the Company will promptly deliver to such Holder a written statement as to whether it has complied with such requirements. 

4.3. Assistance with Transfers. In connection with any sale or transfer of Registrable Securities by any Holder,
including any sale or transfer pursuant to Rule 144 and other rules and regulations of the SEC that may at any time permit a Holder of Registrable Securities to sell securities of the Company to the public without registration, the Company shall, to
the extent allowed by law, take any and all action necessary or reasonably requested by such Holder in order to permit or facilitate such sale or transfer, including, without limitation, at the sole expense of the Company, by (i) issuing such
directions to any transfer agent, registrar or depositary, as applicable, (ii) delivering such opinions to the transfer agent, registrar or depositary as are customary for transactions of this type and are reasonably requested, and
(iii) taking or causing to be taken such other actions as are reasonably necessary (in each case on a timely basis) in order to cause any legends, notations or similar designations restricting transferability of the Registrable Securities held
by such Holder to be removed and to rescind any transfer restrictions with respect to such Registrable Securities; provided, however, that if reasonably requested by the Company such Holder shall deliver to the Company, in form and substance
reasonably satisfactory to the Company, representation letters regarding such Holder’s compliance with such rules and regulations, as may be applicable. In addition, the Company, at its sole expense, shall use reasonable best efforts to remove
any restrictive legend on any Registrable Securities, as applicable, upon request by the Holder if (A) such Registrable Securities are sold pursuant to an effective registration statement or (B) a registration statement covering the resale
of such Registrable Securities is effective under the Securities Act and the applicable Holder delivers to the Company a representation letter agreeing that such Registrable Securities will be sold under such effective registration statement.
Furthermore, at the request of any Holder, the Company shall use its reasonable 

  
 26 

 
best efforts to assist such Holder with respect to any potential private transfer of any Registrable Securities held by such Holder and its Affiliates in accordance with the Orderly Marketing
Agreement, including (i) entering into customary confidentiality agreements with any prospective transferees, (ii) affording to such Holder, its Affiliates and any prospective transferees and their respective counsel, accountants, lenders
and other representatives, reasonable access during normal business hours to the properties, books, contracts and records of the Company and (iii) providing reasonable availability of appropriate members of senior management, officers and other
employees of the Company to provide customary due diligence assistance in connection with any such transfer, taking into account the Company’s reasonable business needs. 

4.4. Nominees for Beneficial Owners. If Registrable Securities are held by a nominee for the beneficial owner thereof,
the beneficial owner thereof may, at its option, be treated as the Holder of such Registrable Securities for purposes of any request or other action by any Holder or Holders of Registrable Securities pursuant to this Agreement (or any determination
of any number or percentage of shares constituting Registrable Securities held by any Holder or Holders of Registrable Securities contemplated by this Agreement); provided, however, that the Company shall have received evidence reasonably
satisfactory to it of such beneficial ownership. 
 4.5. Amendments and Waivers. No amendment, waiver or other
modification of, or consent under, any provision of this Agreement will be effective against the Company unless it is approved in writing by the Company, and no amendment, waiver or other modification of, or consent under, any provision of this
Agreement will be effective against a member of Pfizer Shareholder Group or a member of the GSK Shareholder Group unless it is approved in writing by the applicable Primary Holder. Each Holder shall be bound by any amendment authorized by this
Section 4.5 whether or not the Registrable Securities held by such Holder have been marked to indicate such amendment. No waiver of any breach of any agreement or provision herein contained will be deemed a waiver of any
preceding or succeeding breach thereof or of any other agreement or provision herein contained. The failure or delay of any of the parties hereto to assert any of its rights or remedies under this Agreement will not constitute a waiver of such
rights nor will it preclude any other or further exercise of the same or of any other right or remedy. 
 4.6.
Notices. All notices, demands and other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given (i) if personally delivered, on the date of
delivery, (ii) if delivered by express courier service of national standing (with charges prepaid), on the Business Day following the date of delivery to such courier service, (iii) if deposited in the United States mail, first-class postage prepaid, on the fifth (5th) Business Day following the date of such deposit, (iv) if delivered by facsimile transmission, upon confirmation of successful transmission, (x) on the date
of such transmission, if such transmission is completed at or prior to 5:00 p.m., local time of the recipient party on a Business Day, and (y) on the next Business Day following the date of transmission, if such transmission is completed after
5:00 p.m., local time of the recipient party, or is transmitted on a day that is not a Business Day, or (v) if via email communication, on the 

  
 27 

 
date of delivery. All notices, demands and other communications hereunder shall be delivered as set forth below and to any subsequent holder of Registrable Securities subject to this Agreement at
such address as indicated by the Company’s records, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: 

if to the Company, to: 
 Haleon
plc 
 [Address] 

Attention: [ ] 
 Email: [ ] 

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

[Counsel Information] 

if to [Pfizer Shareholder Group] 

[Pfizer, Inc.] 

[Address] 
 Attention: [
] 
 Email: [ ] 
 with a copy
(which will not constitute notice) to: 
 [Counsel Information] 

if to [GSK Shareholder Group] 

[GSK plc] 
 [Address]

 Attention: [ ] 
 Email: [ ]

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

[Counsel Information] 

4.7. Insolvency. Following the occurrence of an Insolvency Event affecting GSK, the SLPs shall, acting together, be
entitled to nominate one of their members to act as a Primary Holder of GSK Shareholder Group for the purposes of exercising the rights conferred on a Primary Holder under this Agreement. For the avoidance of doubt, subject to Section 4.8,
where no Insolvency Event has occurred in respect of GSK, only GSK shall be entitled to act as the Primary Holder in respect of GSK Shareholder Group. 

  
 28 

 4.8. Assignment. Neither this Agreement nor any of the rights,
interests or obligations herein may be assigned by (a) the Company without the prior written consent of each Primary Holder, or (b) a Holder without the prior written consent of the Company; provided that each Holder may assign such
Holder’s rights, interests and obligations herein to an Affiliate of such Holder without such consent in connection with a transfer of any of such Holder’s Registrable Securities to such Affiliate (with such rights, interests and
obligations continuing in accordance with the terms of this Agreement only for so long as such assignee remains an Affiliate of the applicable Primary Holder). 

4.9. Termination. 

(a) Notwithstanding any other provision of this Agreement (but subject to the Shareholders’ Agreement), the Parties hereby agree and
acknowledge that GSK shall have the right in its absolute discretion to abandon the Separation Transaction (as defined in the Separation Co-operation and Implementation Agreement) by providing notice of the
same in writing to the Company and Pfizer at any time prior to Demerger Completion (as defined in the Separation Co-operation and Implementation Agreement), and upon GSK providing such notice, this Agreement
shall automatically terminate. 
 (b) If this Agreement is terminated in accordance with Section 4.9(a), this Agreement shall terminate
and, subject to Section 4.9(d), be of no further effect. 
 (c) This Agreement shall terminate in respect of the GSK Shareholder Group
when it no longer beneficially owns any Registrable Securities constituting more than one percent (1%) of the outstanding Ordinary Shares, and in respect of the Pfizer Shareholder Group, when it no longer beneficially owns any Registrable Securities
constituting more than one percent (1%) of the outstanding Ordinary Shares. 
 (d) Notwithstanding clause (a) above,
Section 2.5, Section 2.8, Section 4.11 and Section 4.15 shall survive termination of this Agreement. 

4.10. Entire Agreement. This Agreement and the other documents referred to herein (including, for the avoidance of
doubt, the Orderly Marketing Agreement and the Relationship Agreement) or delivered pursuant hereto which form part hereof constitute the entire agreement and understanding between the parties hereto and supersedes all prior agreements and
understandings relating to the subject matter hereof. To the extent there are any inconsistencies or conflicts between this Agreement, on the one hand, and the Orderly Marketing Agreement, on the other hand, the Orderly Marketing Agreement
shall control. 
 4.11. Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a) This Agreement will be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the
principles of conflict of laws thereof. 

  
 29 

 (b) Any suit, action or proceeding seeking to enforce any provision of, or based on any
matter arising out of or in connection with, this Agreement may be brought against any of the parties in the United States District Court for the Southern District of New York or any New York state court located in New York, New York, and each of
the parties hereby consents to the exclusive jurisdiction of such court (and of the appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid therein. Process in any such suit, action or proceeding
may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT. 
 4.12. Interpretation; Construction. 

(a) The table of contents and headings in this Agreement are for convenience of reference only, do not constitute part of this Agreement and
shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the words
“include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” 

(b) The parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 (c) References in this Agreement to members of the Pfizer Shareholder Group’s or members of the GSK Shareholder Group’s
aggregate holding of Ordinary Shares shall include both Ordinary Shares held directly in the form of shares and Ordinary Shares held indirectly as a result of a holding of ADRs. 

4.13. Counterparts. This Agreement may be executed and delivered in any number of separate counterparts (including by
facsimile or electronic mail), each of which shall be an original, but all of which together shall constitute one and the same agreement. 

4.14. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of
any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any person or any circumstance, is invalid or unenforceable, (a) a suitable and
equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of
such provision to other persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any
other jurisdiction. 

  
 30 

 4.15. Specific Enforcement. It is agreed and understood that monetary
damages would not adequately compensate an injured party for the breach of this Agreement by any party hereto and, accordingly, that this Agreement shall be specifically enforceable, in addition to any other remedy to which such injured party is
entitled at law or in equity, and that any breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining order. Further, each party hereto waives any claim or defense that there is an adequate remedy at
law for such breach or threatened breach or an award of specific performance is not an appropriate remedy for any reason at law or equity and agrees that a party’s rights would be materially and adversely affected if the obligations of the
other parties under this Agreement were not carried out in accordance with the terms and conditions hereof. Each party further agrees that no party shall be required to obtain, furnish or post any bond or similar instrument in connection with or as
a condition to obtain any remedy referred to in this Section 4.15, and each party irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. 

4.16. Further Assurances. Each party hereto shall do and perform or cause to be done and performed all such further acts
and things and shall execute and deliver all such other agreements, certificates, instruments, and documents as any other party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the
consummation of the transactions contemplated hereby. 
 4.17. Confidentiality. The parties shall keep strictly
confidential and shall not disclose to any third party any proposed sales or other transactions involving Registrable Securities contemplated by this Agreement (“Confidential Information”), except as and to the extent required by
applicable laws and regulations, in which case the parties will, to the extent practicable, consult and cooperate with each other with respect to any disclosure, and provided that nothing contained herein shall: (i) prevent any party from
disclosing such Confidential Information to any of its financial, legal or other advisors or to any potential investor in any co-investment vehicle or any other institutional investor or underwriter in
connection with proposed sales, as long as each person receiving such Confidential Information agrees to treat such Confidential Information as confidential; or (ii) prohibit either Primary Holder or any member of the GSK Shareholder Group or
the Pfizer Shareholder Group from making any disclosure or public statements regarding its intentions with respect to the Registrable Securities that it holds in the Company, save that any such disclosure or statement shall not reference any Sale
Tranche that is underway or in respect of which a Sale Notice has been given under the Orderly Marketing Agreement, except as otherwise permitted under this Agreement or the Orderly Marketing Agreement, including, for the avoidance of doubt,
disclosures required by applicable laws and regulations. 

  
 31 

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

			
	Haleon plc
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to the Registration Rights Agreement 

 
			
	Pfizer Inc.
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to the Registration Rights Agreement 

 
			
	GSK plc
		
	By:	 	  

		 	Name:
		 	Title:
	
	GSK (No.1) Scottish Limited Partnership
		
	By:	 	  

		 	Name:
		 	Title:
	
	GSK (No.2) Scottish Limited Partnership
		
	By:	 	  

		 	Name:
		 	Title:
	
	GSK (No.3) Scottish Limited Partnership
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to the Registration Rights Agreement

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