Document:

EX-10.17

 Exhibit 10.17 

 

Certain confidential information contained in this document, marked by brackets, has been omitted because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed. 

 FORM OF INTELLECTUAL PROPERTY MATTERS
AGREEMENT 
 BY AND BETWEEN 

BECTON, DICKINSON AND COMPANY 

AND 
 EMBECTA CORP. 

DATED AS OF [         ], 2022 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  

	
	DEFINITIONS AND INTERPRETATION	  

			
	 Section 1.1
	 	Definitions	  	 	2	 
	 Section 1.2
	 	Other Definitions	  	 	4	 
	
	ARTICLE II	  

	
	INTELLECTUAL PROPERTY LICENSES	  

			
	 Section 2.1
	 	License to Parent for Certain Diabetes Care Technology	  	 	5	 
	 Section 2.2
	 	License to SpinCo for Patch Pump Technology	  	 	5	 
	 Section 2.3
	 	License to SpinCo for Dual-Use Technology	  	 	6	 
	 Section 2.4
	 	Non-Policing	  	 	7	 
	 Section 2.5
	 	License to SpinCo for Manufacturing Line IP	  	 	7	 
	
	ARTICLE III	  

	
	ADDITIONAL LICENSE TERMS	  

			
	 Section 3.1
	 	Rights of Subsidiaries	  	 	8	 
	 Section 3.2
	 	Sublicensing	  	 	8	 
	 Section 3.3
	 	No Other Rights; Retained Ownership	  	 	9	 
	 Section 3.4
	 	Reservation of Rights	  	 	9	 
	 Section 3.5
	 	Inadvertently Omitted Patents	  	 	9	 
	 Section 3.6
	 	Patent Prosecution and Maintenance	  	 	9	 
	 Section 3.7
	 	Patent Enforcement	  	 	10	 
	
	ARTICLE IV	  

	
	TRADEMARK LICENSE	  

			
	 Section 4.1
	 	License to SpinCo Licensees	  	 	12	 
	 Section 4.2
	 	Rights of Subsidiaries	  	 	13	 
	 Section 4.3
	 	No Sublicensing	  	 	13	 
	 Section 4.4
	 	Quality Control	  	 	13	 
	 Section 4.5
	 	Licensee Indemnity	  	 	15	 
	 Section 4.6
	 	Ownership of Licensed Marks	  	 	15	 

  
 i 

							
	ARTICLE V	  

	
	ADDITIONAL TERMS	  

	 Section 5.1
	 	Bankruptcy Rights	  	 	15	 
	 Section 5.2
	 	Confidentiality	  	 	15	 
	
	ARTICLE VI	  

	
	REPRESENTATIONS OR WARRANTIES	  

	 Section 6.1
	 	Parent Intellectual Property	  	 	16	 
	 Section 6.2
	 	No Other Representations or Warranties	  	 	16	 
	 Section 6.3
	 	General Disclaimer	  	 	16	 
	 Section 6.4
	 	Limitation of Liability	  	 	17	 
	
	ARTICLE VII	  

	
	TERM	  

	 Section 7.1
	 	Term and Termination	  	 	17	 
	 Section 7.2
	 	Licensee Post-Term Matters	  	 	18	 
	 Section 7.3
	 	Survival	  	 	18	 
	
	ARTICLE VIII	  

	
	GENERAL PROVISIONS	  

	 Section 8.1
	 	No Obligation	  	 	18	 
	 Section 8.2
	 	Amendment and Waivers	  	 	18	 
	 Section 8.3
	 	Notices	  	 	19	 
	 Section 8.4
	 	Successors and Assigns	  	 	19	 
	 Section 8.5
	 	MLIP Termination on Change of Control	  	 	19	 
	 Section 8.6
	 	Severability	  	 	20	 
	 Section 8.7
	 	Governing Law; Jurisdiction and Forum; Waiver of Jury Trial	  	 	20	 
	 Section 8.8
	 	Counterparts	  	 	21	 
	 Section 8.9
	 	Interpretation	  	 	21	 
	 Section 8.10
	 	No Third-Party Beneficiaries	  	 	22	 
	 Section 8.11
	 	Entire Agreement	  	 	22	 
	 Section 8.12
	 	Specific Performance	  	 	22	 
	 Section 8.13
	 	Relationship of the Parties	  	 	23	 

  

  
 ii 

			
	 SCHEDULES
	  	
		
	Schedule I	  	Licensed BD Marks
	Schedule II	  	Licensed Cannula Marks
	Schedule III	  	Licensed Technology Marks
	Schedule IV	  	Parent Dual-Use Patents
	Schedule V	  	Parent Patch Pump Patents
	Schedule VI	  	SpinCo Invention Records
	Schedule VII	  	Patch Pump Features
		
	EXHIBITS	  	
		
	Exhibit A	  	Manufacturing Line IP
	Exhibit B	  	Trademark Usage Guidelines

  

  
 iii 

 INTELLECTUAL PROPERTY MATTERS AGREEMENT 

This INTELLECTUAL PROPERTY MATTERS AGREEMENT (this “Agreement”), dated as of [•] (the “Effective
Date”), is by and between Becton, Dickinson and Company, a New Jersey corporation (“Parent”), and Embecta Corp., a Delaware corporation (“SpinCo” and, together with Parent, the “Parties”
and each, a “Party”). 
 R E C I T A L S 

WHEREAS, the board of directors of Parent (the “Parent Board”) has determined that it is in the best interests of Parent and
its shareholders to create a new publicly traded company that shall operate the SpinCo Business; 
 WHEREAS, in furtherance of the
foregoing, the Parent Board has determined that it is appropriate and desirable to separate the SpinCo Business from the Parent Business (the “Separation”) and, following the Separation, make a distribution, on a pro rata basis, to
holders of Parent Shares on the Record Date of all outstanding SpinCo Shares owned by Parent (the “Distribution”); 

WHEREAS, to effectuate the Separation and the Distribution, Parent and SpinCo have entered into a Separation and Distribution Agreement, dated
as of the date hereof (the “Separation and Distribution Agreement”); 
 WHEREAS, to facilitate and provide for an orderly
transition in connection with the Separation and the Distribution, Parent and its Subsidiaries (in such capacity, the “Parent Licensors”) wish to grant to SpinCo and its Subsidiaries (in such capacity, the “SpinCo
Licensees”) licenses to certain Parent Patch Pump Patents, Parent Dual-Use Patents, Parent Licensed Other IP and Manufacturing Line IP, and SpinCo and its Subsidiaries (in such capacity, the
“SpinCo Licensors”) wish to grant to Parent and its Subsidiaries (in such capacity, the “Parent Licensees”), licenses to certain SpinCo Patents and SpinCo Other IP, in each case, as and to the extent set forth
herein; and 
 WHEREAS, the Parties acknowledge that this Agreement, the Separation and Distribution Agreement, and the other Ancillary
Agreements represent the integrated agreement of Parent and SpinCo relating to the Separation and the Distribution, are being entered into together, and would not have been entered into independently. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

Section 1.1 Definitions. As used herein, the following terms have the meanings set forth below. Unless the context otherwise
requires, capitalized terms that are not defined in this Agreement shall have the meanings set forth in the Separation and Distribution Agreement. 

(a) “BD Name and BD Marks” has the meaning set forth in the Separation and Distribution Agreement. 

(b) “Cannula Supply Agreement” means the Cannula Supply Agreement, entered into as of [•], by and between Parent and
SpinCo. 
 (c) “Change of Control” means, with respect to a Party: (i) a merger or consolidation of such Party with a
Third Party, but only if the voting securities of such Party outstanding immediately prior thereto (or, if such voting securities are converted or exchanged in such merger or consolidation, any securities into which such voting securities have been
converted or exchanged) neither represents (x) at least fifty percent (50%) of the combined voting power of the surviving entity of such merger or consolidation nor (y) at least fifty percent (50%) of the ultimate parent of such surviving
entity immediately after such merger or consolidation; (ii) a transaction or series of related transactions (other than a merger or consolidation, which is addressed in clause (i)) in which a Third Party, together with its Affiliates, becomes
the beneficial owner of fifty percent (50%) or more of the combined voting power of the outstanding securities of such Party; or (iii) the sale or other transfer to a Third Party, directly or indirectly, of all or substantially all of such
Party’s assets or business to which the subject matter of this Agreement relates. 
 (d) “Excluded Technology” means
the Retained Cannula IP and Manufacturing Line IP. 
 (e) “Licensed BD Marks” means the Marks listed on
Schedule I. 
 (f) “Licensed Cannula Marks” means the Marks listed on
Schedule II. 
 (g) “Licensed Marks” means the Licensed BD Marks, Licensed Technology Marks and
Licensed Cannula Marks. 
 (h) “Licensed Technology Marks” means the Marks listed on
Schedule III. 
 (i) “Licensee(s)” means the Parent Licensees or the SpinCo Licensees, as
applicable, in their capacities as the licensees or grantees of the rights or licenses granted to them by the SpinCo Licensors or the Parent Licensors, as applicable, pursuant to Article II and
Article IV. 
 (j) “Licensor(s)” means the Parent Licensors or the SpinCo Licensors, as
applicable, in their capacities as the licensors or grantors of any rights or licenses granted by them to the SpinCo Licensees or the Parent Licensees, as applicable, pursuant to Article II and
Article IV. 
 (k) “Manufacturing Line IP” has the meaning set forth in Exhibit A of this
Agreement. 

  
 2 

 (l) “Parent Business” has the meaning set forth in the Separation and
Distribution Agreement. 
 (m) “Parent Dual-Use Patents” means (i) the Patents
set forth in Schedule IV, (ii) any Patent added to Schedule IV following the date hereof in accordance with Section 3.5, (iii) any Patent that issues after the
Effective Time that claims priority to any Patent in clause (i) or (ii), and (iii) any foreign counterparts to any of the foregoing. In addition, the Parent Dual-Use Patents shall include any Patent
that issues after the Effective Time that claims an invention identified in the invention records set forth on Schedule IV. 

(n) “Parent Field” means all fields other than the SpinCo Field. 

(o) “Parent Licensed Other IP” means the Intellectual Property Rights (other than (i) Patents, Marks and Internet
Properties and (ii) the SpinCo Intellectual Property) that is owned by Parent or its Subsidiaries as of immediately after the Distribution and embodied in or by any of the SpinCo Technology. 

(p) “Parent Patch Pump Patents” means (i) the Patents set forth in Schedule V, (ii) any
Patent that issues after the Effective Time that claims priority to any Patent in clause (i), and (iii) any foreign counterparts to any of the foregoing. In addition, the Parent Patch Pump Patents shall include any Patent that issues after the
Effective Time that claims an invention identified in the invention records set forth on Schedule V. 
 (q)
“Parent Technology” means any and all Technology, including any know-how or knowledge of any employees of the Parent Business, used in or held for use in the operation of the Parent Business.

 (r) “Patch Pump Products” means any drug delivery device adhered or attached to the user’s body, comprising a means
for accessing the user’s body, a reservoir which may be filled at time of use or pre-filled, a pumping mechanism for pumping fluid from the reservoir, and internal fluid pathway(s) within the device
body providing a conduit from the reservoir to the user’s body, and accessories thereto. Patch Pump Products may deliver doses of medication (including basal and/or bolus doses) from the reservoir, may also include an insertion mechanism for
inserting and/or shielding a catheter, may include a variety of sensors and/or alarms for sensing and reporting various states of the device, and may include a communication system for communicating to an external controller. Patch Pump Products do
not include: (i) infusion sets, which are devices that are externally tethered to a durable infusion pump, such as Medtronic’s MiniMedTM
Quick-setTM, MiniMedTM mioTM, MiniMedTM SilhouetteTM, and MiniMedTM Sure-TTM, (such infusion sets being part of the subject matter to which Section 2.3 relates) or (ii) non-wearable, large volume pumps or a
non-wearable syringe pump, such as the BD AlarisTM or the BD BodyguardTM infusion pumps. 

(s) “Patch Pump Technology” means any Parent Technology or SpinCo Technology related to Patch Pump Products. 

(t) “Product” has the meaning set forth in the Cannula Supply Agreement. 

  
 3 

 (u) “Retained Cannula IP” means Intellectual Property Rights in the
Technology relating to Parent cannula, manufacture thereof, and other critical cannula-related technology, including steel strip material specifications and processing, tubing welding and forming, tubing drawing/sinking processes, tubing cutting,
tubing straightening, fabrication of point geometries (including grinding and etching), cannula cleaning, cannula bulk packaging, cannula inspection technologies (including point geometry) and patency. 

(v) “SpinCo Business” has the meaning set forth in the Separation and Distribution Agreement. 

(w) “SpinCo Field” means the diabetes care sector. 

(x) “SpinCo Intellectual Property Rights” has the meaning set forth in the Separation and Distribution Agreement. 

(y) “SpinCo Other IP” means the SpinCo Intellectual Property Rights (other than Patents, Marks and Internet Properties) that
are embodied in or by any Parent Technology. 
 (z) “SpinCo Patents” means (i) the Patents included in the SpinCo
Intellectual Property Rights, (ii) any Patent that issues after the Effective Time that claims priority to any Patent in clause (i), and (iii) any foreign counterparts to any of the foregoing. In addition, the SpinCo Patents shall include
any Patent that issues after the Effective Time that claims an invention identified in the invention records set forth on Schedule VI. 

(aa) “SpinCo Product” has the meaning set forth in the Cannula Supply Agreement. 

(bb) “SpinCo Technology” has the meaning set forth in the Separation and Distribution Agreement. 

(cc) “Zodiac Line IP” has the meaning set forth in Exhibit A of this Agreement. 

Section 1.2 Other Definitions. As used herein, the following terms have the meanings set forth in the Sections set forth below.

  

			
	 Term
	  	 Section

	Acquired Business	  	8.4
	Acquired Party	  	8.4
	Acquiring Party	  	8.4
	Agreement	  	Preamble
	Bankruptcy Code	  	5.1
	BD Mark Term	  	4.1(a)
	Discussion Period	  	Section 7.1(b)
	Distribution	  	Recitals
	Effective Date	  	Preamble

  
 4 

			
	Parent	  	Preamble
	Parent Board	  	Recitals
	Parent Licensees	  	Recitals
	Parent Licensors	  	Recitals
	Parties	  	Preamble
	Party	  	Preamble
	Patent Action	  	3.7(b)
	Separation	  	Recitals
	Separation and Distribution Agreement	  	Recitals
	SpinCo	  	Preamble
	SpinCo Licensees	  	Recitals
	SpinCo Licensors	  	Recitals
	Steering Committee	  	Section 7.1(b)
	Uncured Breach Notice	  	Section 7.1(b)

 ARTICLE II 

INTELLECTUAL PROPERTY LICENSES 

Section 2.1 License to Parent for Certain Diabetes Care Technology. 

(a) Patent License. Subject to the terms and conditions of this Agreement, the Parent Licensees hereby retain, and the SpinCo
Licensors agree to grant, and hereby grant, to the Parent Licensees a nonexclusive, sublicensable (solely to the extent provided in Section 3.2), royalty-free, fully paid, nontransferable (except as set forth in
Section 8.4), irrevocable (except as provided in Section 7.1(a)), worldwide license under the SpinCo Patents to make, have made, import, use, offer to sell, sell, and otherwise provide any current
and future product or service, including to practice any method, process or procedure claimed in any of the SpinCo Patents, in each case, solely within the Parent Field. 

(b) Know-How License. Subject to the terms and conditions of this Agreement, the Parent
Licensees hereby retain, and the SpinCo Licensors agree to grant, and hereby grant, to the Parent Licensees a nonexclusive, sublicensable (to the extent provided in Section 3.2), royalty-free, fully paid, nontransferable
(except as set forth in Section 8.4), perpetual, irrevocable (except as provided in Section 7.1(a)), worldwide license under the SpinCo Other IP to use, reproduce, distribute, disclose, make,
modify, improve, display and perform, create derivative works of, or otherwise exploit any Parent Technology, in each case, solely within the Parent Field. 

Section 2.2 License to SpinCo for Patch Pump Technology. 

(a) Patent License. Subject to the terms and conditions of this Agreement, the Parent Licensors agree to grant, and hereby grant, to
the SpinCo Licensees a nonexclusive, sublicensable (solely to the extent provided in Section 3.2), royalty-free, fully paid, nontransferable (except as set forth in Section 8.4), irrevocable
(except as provided in Section 7.1(a)), worldwide license under the Parent Patch Pump Patents to make, have made, import, use, offer to sell, sell, and otherwise provide any current and future products or services,

  
 5 

 
including to practice any method, process or procedure claimed in any of the Parent Patch Pump Patents, in each case, solely with respect to the SpinCo Field; provided that the foregoing
license does not extend to the Excluded Technology or any Intellectual Property Rights embodied therein; provided, further, that the foregoing license shall be exclusive (including as to Parent Licensors) solely with respect to Patch
Pump Products developed or commercialized for infusion of insulin or insulin analogs. 
 (b)
Know-How License. Subject to the terms and conditions of this Agreement, the Parent Licensors agree to grant, and hereby grant, to the SpinCo Licensees a nonexclusive, sublicensable (solely to the
extent provided in Section 3.2), royalty-free, fully paid, nontransferable (except as set forth in Section 8.4), perpetual, irrevocable (except as provided in
Section 7.1(a)), worldwide license under all of the Parent Licensed Other IP to use, reproduce, distribute, disclose, make, modify, improve, display and perform, create derivative works of, or otherwise exploit any Patch
Pump Technology, in each case, solely with respect to Patch Pump Products in the SpinCo Field; provided that the foregoing license does not extend to the Excluded Technology or any Intellectual Property Rights embodied therein. During the
term of the foregoing license, Parent Licensors agree that they will not, and will not permit or authorize any Third Party to, exploit any Patch Pump Technology for the development or commercialization of Patch Pump Products for infusion of insulin
or insulin analogs. 
 (c) Exclusivity Covenant. For a period of ten (10) years following the Effective Date, SpinCo Licensees
will not, and will not permit or authorize any Third Party to, commercialize a Patch Pump Product with the features set forth in Schedule VII for applications other than infusion of insulin or insulin analogs. In the event
the SpinCo Licensees acquire a Third Party, the covenant in this Section 2.2(c) shall not extend to such Third Party’s Patch Pump Products (and natural extensions of such products) sold, distributed, provided or
otherwise commercialized at any time prior to the consummation of such transaction resulting in the acquisition of such Third Party; provided, for clarity, that the licenses granted herein will not extend to any such Patch Pump Products of
the Third Party. 
 Section 2.3 License to SpinCo for Dual-Use Technology. 

(a) Patent License. Subject to the terms and conditions of this Agreement, the Parent Licensors agree to grant, and hereby grant, to
the SpinCo Licensees a nonexclusive, sublicensable (solely to the extent provided in Section 3.2), royalty-free, fully paid, nontransferable (except as set forth in Section 8.4), irrevocable
(except as provided in Section 7.1(a)), worldwide license under the Parent Dual-Use Patents to make, have made, import, use, offer to sell, sell, and otherwise provide any current and
future products or services, including to practice any method, process or procedure claimed in any of the Parent Dual-Use Patents, in each case, solely with respect to the SpinCo Field; provided that
the foregoing license does not extend to the Excluded Technology or any Intellectual Property Rights embodied therein; provided, further, that the foregoing license shall be exclusive (including as to Parent Licensors) solely with
respect to syringe or pen needle products promoted, marketed or labeled for injection of insulin or insulin analogs (for avoidance of doubt, marketing excludes a sale by Parent Licensors where there is no other marketing-type activity directed to,
and where there is no promotion or labeling of, syringes or pen needles for injection of insulin or insulin analogs). 

  
 6 

 (b) Know-How License. Subject to the terms
and conditions of this Agreement, the Parent Licensors agree to grant, and hereby grant, to the SpinCo Licensees a nonexclusive, sublicensable (solely to the extent provided in Section 3.2), royalty-free, fully paid,
nontransferable (except as set forth in Section 8.4), perpetual, irrevocable (except as provided in Section 7.1(a)), worldwide license under all the Parent Licensed Other IP to use, reproduce,
distribute, disclose, make, modify, improve, display and perform, create derivative works of, or otherwise exploit any SpinCo Technology (including, for clarity, Zodiac Line IP), in each case, solely with respect to the SpinCo Field; provided
that the foregoing license does not extend to (i) Patch Pump Technology or Intellectual Property Rights embodied therein that are subject to the license in Section 2.2, and (ii) the Excluded Technology or any
Intellectual Property Rights embodied therein. For a ten (10)-year period from Separation, Parent Licensors agree that they will not, and will not permit or authorize any Third Party to, exploit any SpinCo Technology for syringe or pen needle
products promoted, marketed or labeled for injection of insulin or insulin analogs (for avoidance of doubt, marketing excludes a sale by Parent Licensors where there is no other marketing-type activity directed to, and where there is no promotion or
labeling of, syringes or pen needles for injection of insulin or insulin analogs). 
 (c) Exclusivity Covenant. Parent Licensors
shall not, and shall not permit or authorize any Third Party to, commercialize SafetyGlide TNT syringes (or products not more than colorably distinct therefrom) labeled and sold specifically for diabetes applications. Examples of such syringes
include BD catalog numbers 305946, 328449 and 328447. 
 (d) Parent Business. Nothing in this Section 2.3 shall
prohibit Parent Licensors from (i) operating the Pharmaceutical Systems business of Parent in substantially the same manner as operated as of the Separation (including commercializing the BD
VystraTM disposable pen, the BD InteviaTM and BD PhysiojectTM Autoinjectors,
and the BD HypakTM, BD NeopakTM and BD Sterifill AdvanceTM pre-fillable
syringe product lines, and natural extensions of the foregoing products), (ii) selling any prefillable syringe product to a pharmaceutical or biotech company (or to a person on behalf of such pharmaceutical or biotech company (e.g., a
contract manufacturer)), or (iii) commercializing BD Luer Slip TipTM syringes. 

(e) Contract Manufacturing Agreements. Nothing in this Section 2.3 shall limit Parent Licensors’
rights (including rights to promote, market and sell) with respect to pen needles supplied by SpinCo under the Contract Manufacturing Agreements. 

Section 2.4 Non-Policing. Notwithstanding the field limitations and obligations in this
Article II, neither Party shall have an obligation to police or enforce end use of its products so long as such Party has complied with the applicable field limitations and obligations in this
Article II. 
 Section 2.5 License to SpinCo for Manufacturing Line IP. Subject to the terms
and conditions of this Agreement, Parent Licensors agree to grant, and hereby grant, to the SpinCo Licensees the licenses to Manufacturing Line IP in accordance with the terms set forth in Exhibit A. 

  
 7 

 ARTICLE III 

ADDITIONAL LICENSE TERMS 

Section 3.1 Rights of Subsidiaries. 

(a) All rights and licenses granted in Article II are granted to SpinCo and Parent as a Licensee, respectively, and
to any entity that is a Subsidiary of the Licensee, but only for so long as such entity is a Subsidiary of the Licensee, and, except as set forth in Section 3.1(b), will terminate with respect to such entity when it ceases
to be a Subsidiary of the Licensee. 
 (b) Notwithstanding the foregoing, if such entity ceases to be a Subsidiary of Licensee, including by
way of a divestiture, spin-off, split-off or similar transaction, the licenses granted in Section 2.1, Section 2.2,
and Section 2.3, as applicable, shall continue to apply to such Subsidiary, but only with respect to the line of business that it is engaged in at the effective time of such cessation as a Subsidiary of Licensee;
provided that such entity or its successor provides the applicable Licensors hereunder with written notice of its change in status as a Subsidiary of Licensee and agrees in writing to be bound by the terms and conditions of this Agreement,
including any license limitations. In the event that such Subsidiary is acquired by a Third Party, the licenses granted herein will not extend to any products, business or operations of such Third Party that exist prior to the date of the
consummation of such transaction. 
 Section 3.2 Sublicensing. 

(a) The SpinCo Licensees and the Parent Licensees may sublicense the licenses and rights granted to them in
Section 2.1(b), Section 2.2(b) and Section 2.3(b), respectively, to a Third Party solely in connection with the operation of such Licensee’s business in the ordinary
course, including in connection with the exploitation or licensing of its respective Technology, products and services; provided that (i) each Licensee shall, and shall cause its sublicensees to, comply with
Section 5.2; (ii) each Licensee shall not disclose such Trade Secrets or confidential information of the other Party (including Technology that embodies such Trade Secrets or confidential information) to a Third Party,
except in connection with the disclosure of such Party’s own confidential information or Trade Secrets of at least comparable importance and value; and (iii) each Licensee shall be responsible and liable hereunder for any act or omission
of a sublicensee as if such act or omission were taken by Licensee directly. 
 (b) Except with approval from the Licensor, not to be
unreasonably withheld, neither SpinCo Licensee nor Parent Licensee shall sublicense the Patents licensed to it in Section 2.1(a), Section 2.2(a) and Section 2.3(a),
respectively, to a Third Party, and neither SpinCo Licensee nor Parent Licensee shall exercise its “make” or “have made” rights in a manner that would have the effect of granting a sublicense to any Third Party. Without limiting
the foregoing, SpinCo Licensee or Parent Licensee, as the case may be, may exercise its “make” or “have made” rights only with respect to its own products, the design of which is exclusively owned by it, including private label
or original equipment manufacturer (OEM) versions of such products. 

  
 8 

 Section 3.3 No Other Rights; Retained Ownership. 

(a) Each Party acknowledges and agrees that its rights and licenses to the other Party’s Intellectual Property Rights are solely as set
forth in, and as may be limited by, this Agreement, the Separation and Distribution Agreement and the other Ancillary Agreements. No Licensee shall exercise the respective Intellectual Property Rights licensed to such Licensee in
Article II, respectively, outside the relevant licensed field. The Parent Licensors and the SpinCo Licensors retain sole ownership of the Intellectual Property Rights licensed by them in
Article II, respectively. 
 (b) Notwithstanding anything to the contrary set forth in this Agreement, this
Agreement grants to the Parent Licensees no right or license to any Intellectual Property Rights that the SpinCo Licensors may own now or in the future, except as expressly set forth in Section 2.1, whether by implication,
estoppel or otherwise. The SpinCo Licensors retain sole ownership of the SpinCo Intellectual Property Rights licensed by the SpinCo Licensors under this Agreement. 

(c) Notwithstanding anything to the contrary set forth in this Agreement, this Agreement grants to the SpinCo Licensees no right or license to
any Intellectual Property Rights that the Parent Licensors may own now or in the future, except as expressly set forth in Section 2.2 and Section 2.3, whether by implication, estoppel or otherwise.
The Parent Licensors retain sole ownership of the Parent Intellectual Property Rights licensed by the Parent Licensors under this Agreement. 

Section 3.4 Reservation of Rights. All rights not expressly granted by a Party hereunder are reserved by such Party. The rights
and licenses granted in Article II are subject to, and limited by, any and all licenses, rights, limitations and restrictions with respect to Intellectual Property Rights previously granted to or otherwise obtained by any
Third Party that are in effect as of the Effective Date. Without limiting the foregoing, neither Party shall or shall have the right to file any Patent application based upon, or that includes, in whole or part, an invention disclosure owned by the
other Party and licensed to it hereunder. 
 Section 3.5 Inadvertently Omitted Patents. In the event it is determined within the
two (2)-year period following the Distribution that a Patent owned by Parent Licensors as of the Distribution was practiced by the SpinCo Business (other than with respect to Excluded Technology) as of the Distribution, then on request from SpinCo,
such Patent shall be deemed for all purposes hereunder to be a Parent Dual-Use Patent as of the Distribution, and Schedule IV attached hereto shall be amended to include such Patent.

 Section 3.6 Patent Prosecution and Maintenance. 

(a) Subject to Section 3.6(b) and Section 3.6(c), each Party and its Subsidiaries retain
the sole right, but not the obligation, to protect at their sole discretion the Patents owned or controlled by such Party and its Subsidiaries, including deciding whether and how to file and prosecute applications included in such Party’s
Intellectual Property Rights, whether to abandon prosecution of such applications, and whether to discontinue payment of any maintenance or renewal fees with respect to any such registration or issued items. 

  
 9 

 (b) Each Party, as Licensor of the Patents licensed under
Section 2.1(a), Section 2.2(a) and Section 2.3(a), shall cooperate with Licensee to formulate commercially reasonable processes to keep the Licensee reasonably apprised of
the status of such Patents, and such processes may vary on a Patent-by-Patent or
Technology-by-Technology basis. 
 (c) Should the Parent
Licensors choose to cease prosecution or maintenance of a Parent Patch Pump Patent licensed under Section 2.2(a) or Parent Dual-Use Patent licensed under
Section 2.3(a), or choose not to defend the validity or enforceability of such Patent (such as pursuant to an inter partes review, opposition, reexamination, business method review, or post-grant challenge to a
registration), the Parent Licensors shall promptly offer the SpinCo Licensees the opportunity to take over such prosecution, maintenance or defense (including, without limitation, by assuming an application or by filing a continuation application
with respect to any claims abandoned or amended by Parent Licensors), in each case prior to any abandonment of rights therefor. Upon SpinCo Licensee’s request, Parent Licensor shall assign any such Patent to a SpinCo Licensee at no cost and
provide such assistance and perform such actions as may be requested by SpinCo Licensee in connection therewith or any maintenance, defense, or enforcement thereof. SpinCo Licensees hereby grant Purchaser Licensors a worldwide, nonexclusive,
sublicensable (solely to the extent provided in Section 3.2), royalty-free, fully paid, nontransferable and sublicensable (except as set forth in Section 8.4), irrevocable, unrestricted right and
license under any such Patent assigned to Purchaser Licensees by Seller Licensors; provided that the field of the foregoing license with respect to (i) any Parent Patch Pump Patent shall not include the SpinCo Licensees’ exclusive
field in Section 2.2(a), or (ii) any Parent Dual-Use Patent shall not include the SpinCo Licensees’ exclusive field in Section 2.3(a). Additionally, if Parent Licensor elects
not to seek patent protection in a territory where SpinCo Licensees desires to do so and the corresponding Patent (if issued) would be considered a Parent Dual-Use Patent or Parent Patch Pump Patent, then
SpinCo Licensees may require Parent Licensor to facilitate the filing at the SpinCo Licensee’s expense, and SpinCo Licensees shall remain obligated to reimburse continuing costs associated with prosecution and maintenance of such Patent. 

Section 3.7 Patent Enforcement. 

(a) Notice of Infringement. In the event that either Party reasonably believes that any Patent licensed to it under
Section 2.1(a), Section 2.2(a) and Section 2.3(a), respectively, is being infringed by a Third Party, such Party shall promptly notify the other Party. 

(b) Initiating Actions. Each Party, as a Licensor and owner of a Patent licensed to the other Party as Licensee, shall have the initial
right (but not the obligation), at its own expense, to bring an action for infringement against a Third-Party infringer of any such Patent or to defend any declaratory judgment action seeking to invalidate such Patent or a declaration of non-infringement (either such action, a “Patent Action”). The SpinCo Licensees’ enforcement rights with respect to the exclusive rights under the Parent Patch Pump Patents licensed to it under
Section 2.2(a) and the Parent Dual-Use Patents licensed to it under Section 2.3(a) shall be governed by Section 3.7(c). Each Party’s
enforcement rights as a nonexclusive licensee of the Patents licensed to it under Section 2.1(a), Section 2.2(a) and Section 2.3(a), respectively, shall be governed by
Section 3.7(c). 

  
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 (c) SpinCo Licensees’ Exclusive Field. If the scope of
infringement at issue in such a Patent Action involving the Parent Patch Pump Patents or Parent Dual-Use Patents in Section 3.7(b) includes the SpinCo Licensees’ exclusive field,
then Parent Licensors shall have the first right to determine whether any Patent Action shall be taken, and the SpinCo Licensees may participate at their own expense in such Patent Action insofar as it relates to the SpinCo Licensees’ exclusive
field, and the Parties will reasonably cooperate with each other in pursuing such action in accordance with Section 3.7(e). If the Parent Licensors fail to initiate an infringement action under
Section 3.7(b) within twenty (20) days of a written request by SpinCo Licensees, or do not intend to respond to a declaratory judgment action in a timely manner, and the scope of infringement at issue includes the
SpinCo Licensees’ exclusive field, then upon notice to Parent Licensors, SpinCo Licensees shall have the second right to initiate such Patent Action (including responding to any declaratory judgment action) at their own expense. In addition, to
the extent required to maintain such Patent Action, Parent Licensors shall agree to be named as a party to such Patent Action and may participate in such action at their own expense. The Parties will reasonably cooperate with each other in pursuing
such action in accordance with Section 3.7(e). 
 (d) Licensees’ Nonexclusive Field. To
the extent the scope of infringement at issue in such a Patent Action in Section 3.7(b) is in a Licensee’s non-exclusively licensed field, then Licensee may participate at their
own expense in such Patent Action insofar as it relates to such Licensee’s non-exclusively licensed field, and the Parties will reasonably cooperate with each other in pursuing such action in accordance
with Section 3.7(e). Licensee may request in writing that Licensor initiate such a Patent Action, and if Licensor declines Licensee’s request (or fails to respond to Licensee’s request within thirty
(30) days), then Licensee shall have the right to request a meeting, to take place within ten (10) days, between in-house intellectual property counsel and vice president-level or higher business
representatives from each Party to attempt in good faith to reach agreement with respect to the Patent Action. For clarity, it will not be unreasonable for Licensor to decline Licensee’s request to pursue a Patent Action if Licensor reasonably
believes that such Patent Action would likely result in the Licensor’s Patent at issue being rendered unpatentable or unenforceable or would otherwise have a significant negative commercial impact on Licensor. If the Parties reach an agreement
to pursue the Patent Action, then the Parties will reasonably cooperate with each other in pursuing such action in accordance with Section 3.7(e). 

(e) Cooperation. Regardless of which Party initiates the Patent Action, each Party shall keep the other Party reasonably informed of
all material developments in connection with such Patent Action. Each Party may provide input and comments related to the strategy for any such Patent Action, and the other Party shall consider such input and comments in good faith. In addition, the
Parties shall assist one another and cooperate in any such Patent Action at the other’s reasonable request and expense, and may participate in such action at its own expense. Such cooperation shall include agreeing to be named as a party to
such Patent Action initiated (by filing or counterclaim) by the other Party at the request of the initiating Party and taking such other actions as are necessary for standing or for the Party initiating or defending any action to otherwise maintain
or pursue such Patent Action, at the initiating or defending Party’s expense. Neither Party shall take any action, or refrain from taking any action, including agreeing to any settlement, that could reasonably be expected to affect the other
Party’s rights with respect to a Patent without consulting with, and obtaining the consent of, the other Party (which consent shall not be unreasonably withheld or delayed). For clarity, it will not be unreasonable for a Party to withhold such
consent if the requested action would be likely to adversely impact the Party’s right to exclude others from practicing the Patent in such Party’s exclusive field. 

  
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 (f) Recovery. Any damages or other monetary awards recovered from a Patent Action
shall be allocated first to reimburse the out-of-pocket costs and expenses of each Party incurred in such Patent Action. For a Patent Action involving a Parent Patch
Pump Patent or Parent Dual-Use Patent where the scope of infringement includes the SpinCo Licensees’ exclusive field under Section 3.7(c), any remaining recovery shall be
allocated in accordance with the damages with respect to infringement in the SpinCo Licensees’ exclusive field and outside the exclusive field, respectively. For all other Patent Actions, a meeting among
in-house intellectual property counsel and vice president-level or higher business representatives from each Party shall be held, and the Parties shall, in good faith, determine an appropriate allocation of
any remaining recovery. 
 ARTICLE IV 

TRADEMARK LICENSE 

Section 4.1 License to SpinCo Licensees. Subject to the terms and conditions of this Agreement, the Parent Licensors agree
to grant, and hereby grant, to the SpinCo Licensees a nonexclusive, nontransferable (except as set forth in Section 8.4), non-sublicensable (except as set forth in
Section 4.3), fully paid, royalty-free, irrevocable (except as provided in Section 7.1), worldwide license to use: 

(a) the Licensed BD Marks in connection with the SpinCo Business for the two (2)-year period following the Distribution Date (the “BD
Mark Term”) in substantially the same manner as such Licensed BD Marks are used by the SpinCo Business as of the Effective Date, so long as SpinCo Licensees use commercially reasonable efforts to minimize and discontinue the use of the
Licensed BD Marks as soon as reasonably practicable after the Effective Time; provided that the BD Mark Term shall extend if required to meet applicable regulatory or transfer requirements, but for no longer than the minimum period required
to meet such regulatory or transfer requirements and only with respect to the portion of the license that is reasonably necessary to meet such regulatory or transfer requirements; 

(b) the Licensed Technology Marks solely in connection with the marketing, promotion, distribution and sale of current or future products and
services of the SpinCo Business; and 
 (c) the Licensed Cannula Marks solely in connection with the marketing, promotion, distribution and
sale of SpinCo Products incorporating any Product (as such terms are defined in the Cannula Supply Agreement) in accordance with, and during the Term of, the Cannula Supply Agreement. 

Without limiting the generality of the foregoing, the SpinCo Licensees will use the Licensed Marks hereunder only in such form and appearance
as are described on Exhibit B and only in compliance with Section 4.4. 

  
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 Section 4.2 Rights of Subsidiaries. All rights and licenses granted in
Section 4.1 are granted to SpinCo and to any entity that is a Subsidiary of SpinCo, but only for so long as such entity is a Subsidiary of SpinCo, and will terminate with respect to such entity when it ceases to be a
Subsidiary of SpinCo. 
 Section 4.3 No Sublicensing. The licenses granted in Section 4.1 are personal
to the SpinCo Licensees, and, except as set forth herein the SpinCo Licensees shall not assign, transfer, sublicense or in any manner purport to convey all or any part of its rights or obligations in Section 4.1
without the prior written consent of the Parent Licensors, which consent may not be unreasonably withheld by the Parent Licensors; provided that, subject to compliance with Section 4.4, SpinCo Licensees shall be permitted to sublicense
the licenses granted in Section 4.1 to distributors to the extent necessary for the use and display of the Licensed Marks by distributors in the ordinary course of providing distribution services. Any purported assignment, sublicense or
other transfer of the SpinCo Licensees’ rights or obligations in violation of this Section 4.3 shall be deemed a material breach of this Agreement and is void. 

Section 4.4 Quality Control. 

(a) To comply with the Parent Licensors’ quality control standards, the SpinCo Licensees shall: (i) adhere to reasonable levels of
quality for the services identified by the Licensed Marks that are at least as high as those standards maintained by the Parent Licensors as of the Effective Date and such other specific reasonable updates to the global standards for the level of
quality for the services that are communicated from time to time to the SpinCo Licensees; (ii) comply with all applicable Laws and regulations in any country or other governmental jurisdiction; (iii) comply with Parent Licensors’
seller rules with respect to the sale of illegal, regulated or restricted items, which are available on Parent Licensors’ website on the Effective Date, including any reasonable amendments to those rules that may be made from time to time
thereafter on a global basis; provided that such rules or amendments thereto do not conflict with applicable Law; (iv) use the Licensed Marks in accordance with sound trademark and trade name usage principles and adhere to the global
usage and display guidelines that are applicable to the SpinCo Business as of the date of execution of this Agreement, that will be provided to SpinCo Licensees and attached as Exhibit B before the Effective Date and that
may be amended from time to time thereafter (except that any more restrictive provision of this Agreement will control over such guidelines); and (v) not alter or modify the appearance of the Licensed Marks in any way from the form(s) of
display described on Exhibit B or in use in the SpinCo Business as of immediately before the Effective Date. SpinCo Licensees shall appropriately use TM, ® or any other proprietary rights designation provided by the Parent Licensors in connection with each use or display of the Licensed Marks, consistent with the historic practices of Parent or
then-current practices of SpinCo with respect to its own Marks. 
 (b) The SpinCo Licensees shall not use the Licensed Marks in any
commercial manner that would, or would reasonably be anticipated to, reflect adversely on the reputation for quality symbolized by the Licensed Marks. The SpinCo Licensees shall not engage in any commercial conduct that would, or would reasonably be
anticipated to, place the Licensed Marks or the Parent Licensors in a negative light or context. The SpinCo Licensees shall not use the Licensed Marks in a commercial manner that would, or would reasonably be anticipated to, devalue, injure, demean,
or dilute the reputation of the Licensed Marks or the Parent Licensors. The SpinCo Licensees shall not use the Licensed Marks in any commercial manner that would be reasonably likely to tarnish, disparage or reflect adversely on the Parent Licensors
or the Licensed Marks. 

  
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 (c) The SpinCo Licensees shall not make any material changes to the Licensed Marks without
the prior written consent of the Parent Licensors, which consent may be withheld in the Parent Licensors’ sole discretion. 
 (d) The
SpinCo Licensees shall not use the Licensed Marks in any manner that is reasonably likely to cause consumer confusion as to the source or origin of any goods or services or imply any endorsement by or ongoing association with Parent Licensors (other
than as a result of the Separation and other than as the licensee of the Licensed Marks hereunder); and the SpinCo Licensees shall take commercially reasonable precautions necessary to avoid or prevent such confusion as to affiliation or association
occurring (for example, by including, where reasonably appropriate, a statement that the Licensed Marks are owned by Parent Licensors and used by SpinCo Licensees under a license.) 

(e) To confirm that the SpinCo Licensees’ use of the Licensed Marks complies with this Section 4.4: 

(i) SpinCo Licensees shall, upon reasonable request by the Parent Licensors, submit to the Parent Licensors representative
samples of publicly disseminated materials bearing any of the Licensed Marks that are in the possession or control of the SpinCo Licensees and, if the Parent Licensors find that use of the Licensed Marks in such samples (A) materially deviates
from Parent Licensors’ use immediately before the Effective Date or (B) is in any manner other than as expressly permitted herein, the SpinCo Licensees shall, upon notice from the Parent Licensors, immediately take steps necessary to
correct the identified deviations or misuse of the respective items; provided, however, that if the defect reasonably poses a threat to public health or safety, or an imminent and material threat to the validity of any of the Licensed
Marks or to the goodwill associated therewith, the SpinCo Licensees shall, upon notice from the Parent Licensors, immediately cease and direct others to cease all use of the nonconforming materials and all use of the Licensed Marks in connection
therewith. 
 (ii) Not more than twice per year, Parent Licensors shall have the right to inspect, upon at least thirty
(30) calendar days’ advance notice and during normal business hours, SpinCo Licensees’ records, premises and operations reasonably related to its use of the Licensed Marks; provided, however, that Parent Licensors shall
have the right to an inspection under this Section 4.4(e)(ii) upon reasonable notice of no less than twenty-four (24) hours if Parent has a reasonable basis to believe a matter in fact needs prompt review. Parent
Licensors shall bear their own costs in relation to any such audit. 

  
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 Section 4.5 Licensee Indemnity. SpinCo Licensees shall indemnify, hold harmless,
compensate and reimburse (and if requested by Parent Licensors, defend) the Parent Licensors and any of their officers, directors, managers and Affiliates from and against any and all losses, costs, liabilities, damages or expenses (including
reasonable attorneys’ fees and litigation costs) arising from any claim, demand, action, suit or other proceeding brought by an unaffiliated Third Party and arising out of SpinCo Licensees’ use of any of the Licensed Marks, except any
liability or expense in respect of any infringement of Third-Party rights as a result of SpinCo Licensee’s use of the Licensed Marks in accordance with the terms and conditions of this Agreement. SpinCo Licensees shall not settle any dispute
involving or affecting the rights in or to the Licensed Marks without the prior written consent of Parent Licensors. 
 Section 4.6
Ownership of Licensed Marks. SpinCo Licensees acknowledge and agree that Parent Licensors own all right, title and interest in and to the Licensed Marks and the goodwill associated therewith and that, except as expressly provided in this
Agreement, SpinCo Licensees have and will hereby acquire no rights in the Licensed Marks. Any and all goodwill associated with or that arises from SpinCo Licensees’ use of the Licensed Marks shall inure to the sole and exclusive benefit of
Parent Licensors. Without limiting the generality of the foregoing, SpinCo Licensees shall not, directly or indirectly, object to or challenge Parent Licensors’ ownership, rights in or use of the Licensed Marks or any registration or
application for registration of the Licensed Marks or contest the fact that SpinCo Licensors’ rights to use the Licensed Marks under this Agreement are solely those of a Licensee, which rights terminate upon expiration of the respective terms
or termination of this Agreement. If, at any time, by operation of law or otherwise, SpinCo Licensees acquire any interest in any of the Licensed Marks or the BD Name and BD Marks, SpinCo Licensees hereby assign, and agree to assign, such interest
(along with associated goodwill) to Parent Licensors, and SpinCo Licensees shall, upon Parent Licensors’ written request, immediately execute, deliver, and record such documents as are necessary to transfer such interest to Parent Licensors or
to cancel any registration made in violation of this Agreement. 
 ARTICLE V 

ADDITIONAL TERMS 

Section 5.1 Bankruptcy Rights. All rights and licenses granted to a Party as Licensee hereunder, are, for purposes of section
365(n) of the United States Bankruptcy Code (the “Bankruptcy Code”), licenses of intellectual property within the scope of section 101 of the Bankruptcy Code. The Licensors acknowledge that the Licensees, as licensees of such rights
and licenses hereunder, will retain and may fully exercise all of their rights and elections under the Bankruptcy Code. Each Party irrevocably waives all arguments and defenses arising under 11 U.S.C. § 365(c)(1) or successor provisions to
the effect that applicable Law excuses such Party from accepting performance from or rendering performance to an entity other than the debtor or debtor-in-possession as a basis for opposing assumption of this Agreement in a case under
Chapter 11 of the Bankruptcy Code to the extent that such consent is required under 11 U.S.C. § 365(c)(1) or any successor statute. 

Section 5.2 Confidentiality. Notwithstanding the transfer or disclosure of any Technology or grant or retention of any license to
a Trade Secret or other proprietary right in confidential information to or by a Party hereunder, each Party agrees on behalf of itself and its Subsidiaries that (a) it (and each of its Subsidiaries) shall treat the Trade Secrets and
confidential information of the other Party with at least the same degree of care as they treat their own similar Trade Secrets and confidential information, but in no event with less than reasonable care, and

  
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(b) neither Party (nor any of its Subsidiaries) may use or disclose the Trade Secrets or confidential information, as applicable, licensed or disclosed to it by the other Party under this
Agreement, except in accordance with its respective license granted in Article II. Nothing herein will limit either Party’s ability to enforce its rights against any Third Party that misappropriates or attempts
to misappropriate any Trade Secret or confidential information from it, regardless of whether it is an owner or licensee of such Trade Secret or confidential information. Notwithstanding the foregoing, each Party may disclose the Trade Secrets and
confidential information of the other Party pursuant to a valid order or requirement of a court or government agency if: (i) such disclosing Party gives prompt written notice to the other Party to give such other Party the opportunity to
prevent disclosure or protect its Trade Secrets and confidential information, and (ii) such disclosing Party shall reasonably cooperate with any efforts by the other Party to seek confidential treatment of the information to be
disclosed, provided that such disclosure shall not affect the other Party’s obligations to treat the information as a Trade Secret or confidential information. 

ARTICLE VI 

REPRESENTATIONS OR WARRANTIES 

Section 6.1 Parent Intellectual Property. As of the date hereof, Parent does not have knowledge of any Intellectual Property
Rights owned, licensed or controlled by Parent or its Subsidiaries as of immediately after the Distribution that, absent a license thereto of the scope granted under this Agreement, would be infringed by the operation of the SpinCo Business
immediately following the Distribution in the same manner as such SpinCo Business was operated immediately preceding the Distribution. 

Section 6.2 No Other Representations or Warranties. ALL LICENSES AND RIGHTS GRANTED HEREUNDER ARE GRANTED ON AN AS-IS BASIS
WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND. NO REPRESENTATIONS OR WARRANTIES WHATSOEVER, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, CUSTOM, TRADE,
NON-INFRINGEMENT, NON-VIOLATION OR NON-MISAPPROPRIATION OF THIRD-PARTY INTELLECTUAL PROPERTY, ARE MADE OR GIVEN BY OR ON BEHALF OF A PARTY. ALL SUCH REPRESENTATIONS AND WARRANTIES, WHETHER ARISING BY OPERATION OF LAW OR
OTHERWISE, ARE HEREBY EXPRESSLY EXCLUDED AND DISCLAIMED. 
 Section 6.3 General Disclaimer. Except as set forth in
Section 6.1, nothing contained in this Agreement shall be construed as: 
 (a) a warranty or representation by
either Party as to the validity, enforceability or scope of any Intellectual Property Rights; 
 (b) an agreement by either Party to
maintain any Intellectual Property Rights in force; 

  
 16 

 (c) an agreement by either Party to bring or prosecute actions or suits against any Third
Party for infringement of Intellectual Property Rights or any other right, or conferring upon either Party any right to bring or prosecute actions or suits against any Third Party for infringement of Intellectual Property Rights or any other right;

 (d) conferring upon either Party any right to use in advertising, publicity or otherwise any trademark, trade name or names, or any
contraction, abbreviation or simulations thereof, of the other Party, other than as permitted hereunder; 
 (e) conferring upon either Party
by implication, estoppel or otherwise, any license or other right, except the licenses and rights expressly granted hereunder; or 
 (f) an
obligation to provide any technical information, know-how, consultation, technical services or other assistance or deliverables to the other Party. 

Section 6.4 Limitation of Liability. IN NO EVENT SHALL EITHER PARTY, ITS AFFILIATES OR THEIR RESPECTIVE REPRESENTATIVES BE LIABLE
TO THE OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM THIS AGREEMENT. 

ARTICLE VII 

TERM 

Section 7.1 Term and Termination. 

(a) Except as expressly set forth herein, the term of this Agreement shall commence on the Effective Date and shall continue until the
expiration of the last-to-expire of the Intellectual Property Rights licensed under this Agreement, if ever; provided that (i) the term of the Patent
licenses granted pursuant to Section 2.1(a), Section 2.2(a) and Section 2.3(a), respectively, shall end upon the expiration of the last Patent licensed thereunder, and
(ii) the term of the licenses granted in Exhibit A shall be subject to Section 8.5. 
 (b) If SpinCo
Licensee is in material breach of Section 4.4 or any other provision of Article IV and such breach continues uncured for a period of sixty (60) days after SpinCo Licensees’ receipt of
notice from Parent Licensor of such breach (or, if such breach is not reasonably curable in such sixty (60)-day period, if SpinCo Licensee is not using commercially reasonable efforts to cure or remedy such
breach thereafter), then Parent Licensor may send written notice of such uncured material breach (a “Uncured Breach Notice”) to SpinCo Licensee and attempt to resolve such breach through good-faith discussion by a committee
comprising an equal number of members designated by each Party for such purpose (the “Steering Committee”). The Steering Committee shall meet in person to conduct good-faith negotiations during the ten (10)-business day period
following the Uncured Breach Notice (such period, as it may be extended by mutual written consent of the Parties, being the “Discussion Period”). If the breach is not resolved after the end of the Discussion Period, the Parties
shall promptly escalate such breach to the chief executive officer of each Party to attempt to resolve such breach through good-faith discussions. If the chief executive officers fail to resolve such breach within ten (10) business days, then
Parent Licensor may terminate, partially or in its entirety, the licenses granted to the SpinCo Licensees under Section 4.1 only with respect to the portion of the license that was the subject of such uncured material
breach. 

  
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 (c) Termination of the licenses granted by a Party or its Subsidiaries as a Licensor shall
not in any way affect or limit the licenses granted to such Party or its Subsidiaries as a Licensee. 
 Section 7.2 Licensee
Post-Term Matters. Upon the expiration or termination of the licenses granted in Section 4.1 (partially or in its entirety) for any reason, all rights granted to the SpinCo Licensees under such license shall
revert to the Parent Licensors, and the SpinCo Licensees shall, immediately upon expiration and as soon as possible, but no later than within thirty (30) days of termination, cease all use of the Licensed Marks; provided, however,
that SpinCo Licensees may continue to sell off inventory (including both finished and unfinished inventory and literature or other printed material) containing such Licensed Marks applied to such products created, and for the related regulatory
registrations for such inventory, before the expiration or termination (as applicable) of the applicable license. 
 Section 7.3
Survival. The terms and conditions of the following provisions will survive termination of this Agreement: Article I, Section 5.2, Article VI,
Section 7.2, this Section 7.3 and Article VIII. The termination of this Agreement will not relieve either Party of any Liability under this Agreement that accrued before
such termination. 
 ARTICLE VIII 

GENERAL PROVISIONS 

Section 8.1 No Obligation. Nothing set forth herein shall restrict either Party from transferring, assigning or licensing any
Intellectual Property Rights owned by it and licensed to the other Party hereunder; provided that any transfer or assignment of any Intellectual Property Rights licensed to a Party hereunder shall be subject to the licenses granted in this
Agreement. 
 Section 8.2 Amendment and Waivers. This Agreement may not be modified or amended, except by an instrument or
instruments in writing signed by the Party against whom enforcement of any such modification or amendment is sought. Any Party may, only by an instrument in writing, waive compliance by the other Party with any term or provision of this Agreement on
the part of such other Party to be performed or complied with. The waiver by any Party of a breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent breach. No failure or delay by any Party in exercising
any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 

  
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 Section 8.3 Notices. All notices and other communications to be given to any
Party hereunder shall be sufficiently given for all purposes hereunder if in writing and delivered by hand, courier or overnight delivery service, or three (3) days after being mailed by certified or registered mail, return receipt requested,
with appropriate postage prepaid, or by electronic mail (“e-mail”) transmission (so long as a receipt of such e-mail is requested and received), and shall be
directed to the address set forth below (or at such other address as such Party shall designate by like notice): 
 (a)    If
to Parent (or any of its Subsidiaries in their capacity as either a Licensor or a Licensee): 
 Becton, Dickinson and
Company 
 1 Becton Drive 

Franklin Lakes, New Jersey 07417 

Attention: Joseph LaSala 

                 Chief Counsel -
Transactions/M&A 
  

E-mail: joseph_lasala@bd.com 

(b)    If to SpinCo (or any of its Subsidiaries in its capacity as either a Licensor or Licensee): 

Embecta Corp. 

1 Becton Drive 

Franklin Lakes, New Jersey 07417 

Attention: Jeff Mann 

                 Senior Vice President,
General Counsel, Head of Corporate Development and Corporate Secretary 
 E-mail:
jeff.mann@bd.com; jeff.mann@embecta.com 
 Section 8.4 Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of and be enforceable by the Parties and their respective permitted successors and assigns; provided that neither this Agreement nor any of the rights and benefits of a Licensee Party hereunder may be assigned to or assumed by a
Third Party (whether by operation of Law or otherwise) without the express prior written consent of the other Party. Notwithstanding the foregoing, no such consent shall be required for the assignment or assumption of a Party’s rights, licenses
or obligations under Article II and Article IV in whole or in relevant part, in connection with, or as a result of a merger, acquisition, restructuring or reorganization of a Party (such
Party, the “Acquired Party”) or the sale or other disposition of a substantial business or substantial assets (such as product lines or service lines) of a Party or its Subsidiaries to which this Agreement relates (such business or
assets, the “Acquired Business”); provided that the resulting, surviving or transferee Person or acquirer of the Acquired Business (the “Acquiring Party”) assumes all the applicable obligations of the
Acquired Party by operation of Law or by express assignment, as the case may be. Any Party that is assigning its rights, licenses or obligations pursuant to the prior sentence shall provide written notice to the other Party of any such assignment no
later than promptly following such assignment 
 Section 8.5 MLIP Termination on Change of Control. If SpinCo consummates a
Change of Control with a Third Party or a sale or other disposition to a Third Party of the Acquired Business, and such Third Party is a competitor of the Parent Licensors in the field of cannula-bearing devices, then Parent will have the right, in
its sole discretion, to terminate in their entirety the licenses to Manufacturing Line IP set forth in Exhibit A (it being understood that such termination shall not include the licenses granted under
Section 2.2, Section 2.3 and Article IV). SpinCo shall 

  
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 provide written notice to Parent of any such Change of Control, sale or other disposition no later than
promptly following consummation of such transaction.    If SpinCo makes a written request to Parent seeking Parent’s determination whether, at such the time of such request, a Third Party is a competitor of the Parent
Licensors in the field of cannula-bearing devices, Parent will use commercially reasonable efforts to respond to such request reasonably promptly. 

Section 8.6 Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent
jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated
so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party hereto. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so
as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

Section 8.7 Governing Law; Jurisdiction and Forum; Waiver of Jury Trial. 

(a) This Agreement shall be governed by, and construed and enforced in accordance with, the Laws of the State of Delaware, without regard to
any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. The Parties expressly waive any right
they may have, now or in the future, to demand or seek the application of a governing Law other than the Law of the State of Delaware. In addition, each of the Parties hereto irrevocably: (i) submits to the personal jurisdiction of the Delaware
Court of Chancery in and for New Castle County, or in the event (but only in the event) that such Delaware Court of Chancery does not have subject matter jurisdiction over such dispute, the United States District Court for the District of Delaware,
or in the event (but only in the event) that such United States District Court also does not have jurisdiction over such dispute, any Delaware State court sitting in New Castle County (and in each case, appellate courts therefrom), in the event any
dispute (whether in contract, tort or otherwise) arises out of this Agreement or the transactions contemplated hereby; (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from
any such court; (iii) waives any objection to the laying of venue of any Action relating to this Agreement or the transactions contemplated hereby in such court; (iv) waives and agrees not to plead or claim in any such court that any
Action relating to this Agreement or the transactions contemplated hereby brought in any such court has been brought in an inconvenient forum; and (v) agrees that it will not bring any Action relating to this Agreement or the transactions
contemplated hereby in any court other than the Delaware Court of Chancery in and for New Castle County, or in the event (but only in the event) that such Delaware Court of Chancery does not have subject matter jurisdiction over such Action, the
United States District Court for the District of Delaware, or in the event (but only in the event) that such United States District Court also does not have jurisdiction over such Action, any Delaware State court sitting in New Castle County (and,
in each case, appellate courts therefrom). Each Party agrees that service of process upon such Party in any such Action shall be effective if notice is given in accordance with Section 8.3. 

  
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 (b) EACH PARTY TO THIS AGREEMENT WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, THE OTHER ANCILLARY AGREEMENTS, THE SEPARATION AND DISTRIBUTION AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH OR
THEREWITH OR THE ADMINISTRATION HEREOF OR THEREOF OR THE SALE OR ANY OF THE OTHER TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN. NO PARTY TO THIS AGREEMENT SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER LITIGATION
PROCEDURE BASED UPON, OR ARISING OUT OF, THIS AGREEMENT, THE OTHER ANCILLARY AGREEMENTS, THE SEPARATION AND DISTRIBUTION AGREEMENT, OR RELATED INSTRUMENTS. NO PARTY WILL SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH
ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. EACH PARTY TO THIS AGREEMENT CERTIFIES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH IN THIS
SECTION 8.7(b). NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS SECTION 8.7(b) WILL NOT BE FULLY ENFORCED IN ALL INSTANCES. 

Section 8.8 Counterparts. This Agreement may be executed in one or more counterparts, and by the different parties in separate
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by fax or other
electronic method shall be as effective as delivery of a manually executed counterpart of this Agreement. 
 Section 8.9
Interpretation. For the purposes of this Agreement: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires;
(b) references to the terms Article, Section, paragraph, Exhibit and Schedule are references to the Articles, Sections, paragraphs, Exhibits and Schedules to this Agreement unless otherwise specified; (c) the terms “hereof,”
“herein,” “hereby,” “hereto” and derivative or similar words refer to this entire Agreement, including the Schedules and Exhibits hereto; (d) references to “$” shall mean U.S. dollars, and any amounts
that are denominated in a foreign currency shall be deemed to be converted into U.S. dollars at the applicable exchange rate in effect at 9:00 a.m. New York City time (as reported by Bloomberg L.P.) on the date for which such U.S. dollar amount
is to be calculated; (e) the word “including” and words of similar import when used in this Agreement and the Ancillary Agreements shall mean “including without limitation,” unless otherwise specified; (f) the word
“or” need not be exclusive; (g) references to “written” or “in writing” include in electronic form; (h) provisions shall apply, when appropriate, to successive events and transactions; (i) Parent
and SpinCo have each participated in the negotiation and drafting of this Agreement and the Ancillary Agreements, and if an ambiguity or question of interpretation should arise, this Agreement and the Ancillary Agreements shall be construed as if
drafted jointly by the parties thereto, and no presumption or burden of proof shall arise favoring or burdening either party by virtue of the authorship of any of the provisions in this Agreement or the Ancillary Agreements; (j) references to
any statute shall be deemed to refer to such statute as amended through the date hereof and to any rules or regulations promulgated thereunder as amended through 

  
 21 

 the date hereof (provided that, for purposes of any representations and warranties contained in this
Agreement that are made as of a specific date, references to any statute shall be deemed to refer to such statute and any rules or regulations promulgated thereunder as amended through such specific date); (k) references to any Contract are to
that Contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof; (l) a reference to any Person includes such Person’s successors and permitted assigns; (m) any reference to
“days” shall mean calendar days unless Business Days are expressly specified; (n) when calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the
date that is the reference date in calculating such period shall be excluded, and if the last day of such period is not a Business Day, the period shall end on the next succeeding Business Day; and (o) amounts used in any calculations for
purposes of this Agreement may be either positive or negative, it being understood that the addition of a negative number shall mean the subtraction of the absolute value of such negative number, and the subtraction of a negative number shall mean
the addition of the absolute value of such negative number. Unless otherwise specified, any reference in this Agreement to a specified date shall mean 9:00 a.m. New York City time on such date. 

Section 8.10 No Third-Party Beneficiaries. This Agreement and the Schedules hereto are not intended to confer in or on behalf of
any Person not a Party to this Agreement (and their successors and assigns) any rights, benefits, causes of action or remedies with respect to the subject matter or any provision hereof. 

Section 8.11 Entire Agreement. This Agreement, the other Ancillary Agreements, and the Separation and Distribution Agreement
constitute the entire agreement and understanding among the Parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings relating to such subject matter. Neither Party shall be liable or bound
to the other Party in any manner by any representations, warranties or covenants relating to such subject matter, except as specifically set forth herein and therein. To the extent that any provision of this Agreement conflicts with a provision of
the Separation and Distribution Agreement, the provisions of this Agreement shall be deemed to control with respect to the subject matter hereof. However, nothing contained herein shall limit either Party’s obligations under the other Ancillary
Agreements and the Separation and Distribution Agreement. 
 Section 8.12 Specific Performance. The Parties agree that
irreparable damage, for which monetary damages (even if available) would not be an adequate remedy, may occur if the Parties hereto do not perform any provision of this Agreement in accordance with its specified terms or otherwise breach such
provisions. Accordingly, the Parties acknowledge and agree that the Parties shall be entitled to seek an injunction, specific performance and other equitable relief to prevent breaches or threatened breaches of this Agreement and to enforce
specifically the terms and provisions hereof, in addition to any other remedy to which they are entitled in Law or in equity. 

  
 22 

 Section 8.13 Relationship of the Parties. Nothing contained herein shall be
deemed to create a partnership, joint venture or similar relationship between the Parties. Neither Party is the agent, employee, joint venturer, partner, franchisee or representative of the other Party. Each Party specifically acknowledges that it
does not have the authority to, and shall not, incur any obligations or responsibilities on behalf of the other Party. Notwithstanding anything to the contrary in this Agreement, each Party (and its officers, directors, agents, employees and
members) shall not hold themselves out as employees, agents, representatives or franchisees of the other Party or enter into any agreements on such Party’s behalf. 

[Remainder of page left blank intentionally; signature page follows] 

  
 23 

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

			
	BECTON, DICKINSON AND COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
	
	EMBECTA CORP.
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Intellectual Property Matters Agreement] 

 EXHIBIT A 

MANUFACTURING LINE IP 

ARTICLE I – DEFINITIONS 

Section 1.1 Definitions. As used in this Exhibit A, the following terms have the meanings set forth below. Unless the
context otherwise requires, capitalized terms that are not defined in this Exhibit A shall have the meanings set forth in the Agreement. 

(a) “Approved Facilities” means (i) the facilities in Holdrege, Nebraska, Dun Laoghaire, Ireland, and Suzhou, China,
with manufacturing lines containing Manufacturing Line IP as of the Separation, and (ii) any facility approved by Parent following the date hereof in accordance with Section 2.3. 

(b) “Cannula Supply Agreement” means the Cannula Supply Agreement, entered into as of [•], by and between Parent and
SpinCo. 
 (c) “Cartridge” has the meaning set forth in the Cannula Supply Agreement. 

(d) “Major Supply Failure” has the meaning set forth in the Cannula Supply Agreement. 

(e) “Major Supply Failure Termination Event” has the meaning set forth in the Cannula Supply Agreement. 

(f) “Manufacturing Line IP” or “MLIP” shall mean the Technology of the cannulation systems and processes
within the syringe and pen needle lines at the SpinCo facilities in Holdrege, Nebraska, Dun Laoghaire, Ireland, and Suzhou, China, as of the Separation Time. Such Technology shall include, for avoidance of doubt, [* * *]. For clarity,
(i) systems or processes, as of the Distribution Date, of the manufacturing lines of the SpinCo Business that produce the Zodiac patch pump that are not part of such syringe and pen needle lines (herein “Zodiac Line IP”) shall
not be considered Manufacturing Line IP hereunder, and (ii) the mere identity of a vendor associated with MLIP is not itself MLIP. 

(g) “MLIP Licensed Other IP” means the Intellectual Property Rights (other than (i) Patents, Marks and Internet
Properties and (ii) the SpinCo Intellectual Property) that are owned by Parent or its Subsidiaries as of immediately after the Distribution and embodied in or by any of the Manufacturing Line IP. 

(h) “MLIP Licensed Patents” means the Patents owned by Parent or members of its Group as of the Separation Time that, absent
a license thereto of the scope granted under Section 2.1 and Section 2.2, would be infringed by the use of the Manufacturing Line IP in accordance with this Agreement or the Cannula Supply
Agreement. For the purposes of the foregoing determination, a Patent issued after the Separation Time on a Patent application or invention disclosure owned by Parent or members of its Group as of the Separation Time, shall be deemed to have been
issued immediately prior to the Separation Time. 
  

	[***]	 = [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

  
 Ex. A-1 

 (i) “Net Sales” shall mean the total of the gross invoice prices charged
and received by SpinCo Licensees or Affiliates for the sale of a Royalty Product (whether to end-user or distributor, as the case may be), less only the sum of the following deductions, but only to the extent
that they are actually applicable to the disposition of such Royalty Product and taken by SpinCo Licensee: 
 (i) cash or quantity discounts
or rebates (including distributor chargebacks and payment term discounts) actually allowed; 
 (ii) sales, use, tariff, import/export duties
or other excise taxes imposed on particular sales, including value added tax (excepting income taxes); 
 (iii) service fees; 

(iv) reasonable write offs due to non-payment; 

(v) transportation charges, including insurance, freight, logistics or other such charges; and 

(vi) allowances or credit actually granted to customers because of rejections or returns. 

The following principles shall apply to the calculation of Net Sales: 

(i) Except as noted above, no deductions shall be made for commissions paid to individuals or companies, whether independent sales agents or
persons or companies regularly employed by SpinCo Licensee or its Affiliates or distributors. 
 (ii) (If SpinCo Licensee or any Affiliate
is the End-User, all Royalty Product used (except amounts used by SpinCo Licensee or its Affiliates for internal research and development or demonstration purposes, for use in clinical trials, or for bona-fide
donations) shall be included in Net Sales at the price that would have been paid for transfer of such Royalty Product in an arm’s-length transaction with an unaffiliated Third Party in the same situation,
provided always that the transfer of Royalty Products from SpinCo Licensee to its Affiliates, or vice versa, for subsequent resale will not constitute sale to Third Parties. 

(iii) If material volumes of Royalty Products are routinely transferred at no cost or at an artificial price substantially below customary
discounted prices in arm’s-length transactions with unaffiliated entities (as determined based on relative pricing vis a vis competitors and historical pricing of the same Royalty Products (after giving
effect to any other reasonable economic conditions)), Net Sales will be imputed based on average sales prices for Royalty Products within the applicable territory or territories in which such unaffiliated entities reside, provided that there will be
no imputed revenues from promotional free samples, bona-fide donations (as noted above), free goods, or other marketing programs whereby customary amounts of Royalty Products are provided free of charge to promote sales of Royalty Products. 

  
 Ex. A-2 

 (iv) Unless otherwise specified herein, Net Sales will be calculated in accordance with
U.S. Generally Accepted Accounting Principles and consistent with SpinCo Licensee’s accounting policies. 
 (j)
“Product” has the meaning set forth in the Cannula Supply Agreement. 
 (k) “Royalty Products” has the
meaning set forth in Section 3.3. 
 (l) “SpinCo Product” has the meaning set forth in the
Cannula Supply Agreement. 
 (m) “Zodiac Line IP” has the meaning set forth in Section 1.1(f).

 ARTICLE II – MANUFACTURING LINE IP LICENSES 

Section 2.1 License Grant to Manufacture with Parent Cannula. Subject to the terms and conditions of this Agreement, including
this Exhibit A, the Parent Licensors agree to grant, and hereby grant, to the SpinCo Licensees a nonexclusive, non-sublicensable, royalty-free, fully paid, nontransferable (except as set forth in
Section 8.4 of the Agreement), irrevocable (except as provided in Section 7.1(a) and Section 8.5 of the Agreement) license under (a) the MLIP Licensed Patents to practice any method, process or procedure claimed in the MLIP
Licensed Patents, and (b) the MLIP Licensed Other IP to internally use (subject to Section 5.2 of the Agreement and Section 4.1 of this Exhibit) the Manufacturing Line IP, in each case of clause (a) and
clause (b), solely in connection with the manufacture of SpinCo Products (as defined in the Cannula Supply Agreement) by SpinCo Licensees that contain Products (as defined in the Cannula Supply Agreement) and are assembled in whole or in part on
manufacturing lines containing Manufacturing Line IP in the Approved Facilities. 
 Section 2.2 License Grant to Manufacture with
Third Party-Sourced Cannula. Subject to the terms and conditions of this Agreement, including this Exhibit A and in particular Section 3.8 hereof, the Parent Licensors agree to grant, and hereby grant, to the
SpinCo Licensees a nonexclusive, non-sublicensable, royalty-bearing, nontransferable (except as set forth in Section 8.4 of the Agreement), irrevocable (except as provided in Section 7.1(a) and
Section 8.5 of the Agreement) license under (a) the MLIP Licensed Patents to practice any method, process or procedure claimed in the MLIP Licensed Patents, and (b) the MLIP Licensed Other IP to internally use (subject to
Section 5.2 of the Agreement and Section 4.1 of this Exhibit) the Manufacturing Line IP, in each case of clause (a) and clause (b), solely in connection with the manufacture of SpinCo Products by SpinCo Licensees
that contain Third Party-sourced cannula and are assembled in whole or in part on manufacturing lines containing Manufacturing Line IP in the Approved Facilities. 

Section 2.3 Approved Facilities. The SpinCo Licensees are prohibited from moving the Manufacturing Line IP and/or elements of the
manufacturing lines embodying Manufacturing Line IP out of the Approved Facilities, or from duplicating the Manufacturing Line IP and/or elements of the manufacturing lines embodying Manufacturing Line IP, outside the Approved Facilities, without
Parent’s prior written consent, which consent will not be unreasonably withheld. If Parent approves the SpinCo Licensees’ request to move the 

  
 Ex. A-3 

 
Manufacturing Line IP and/or elements of the manufacturing lines embodying Manufacturing Line IP to a new facility, then such facility shall be deemed added to the Approved Facilities.
Notwithstanding the preceding language, the manufacturing lines of the SpinCo Business that produce the Zodiac patch pump, as existing at the Distribution Date, may be transferred to a contract manufacturer without prior consent, provided SpinCo
provides Parent notice of such activity and provided that the protections set forth in Article IV apply to the extent MLIP is present in such lines. 

Section 2.4 Zodiac Line IP. For clarity, the licenses and rights granted to SpinCo Licensees with respect to Parent Dual-Use Patents in Section 2.3(a) of the Agreement and with respect to Parent Licensed Other IP in Section 2.3(b) of the Agreement include rights to Zodiac Line IP.  

ARTICLE III – SUPPLY & PAYMENTS 

Section 3.1 Notice and Selection of Third-Party Cannula Supplier. SpinCo shall promptly provide written notice to Parent at least
sixty (60) days prior to the date on which any SpinCo Licensee plans to begin commercial manufacturing SpinCo Products incorporating Third Party sourced cannula assembled in whole or in party on manufacturing lines containing Manufacturing Line
IP in the Approved Facilities. Parent shall have a right to consent to the supplier of such Third Party sourced cannula if such supplier is listed on Schedule 3.1. 

Section 3.2 Technology Access Fee. In partial consideration for the rights granted by Parent Licensors to SpinCo Licensees
hereunder, SpinCo shall pay to Parent a one-time, nonrefundable and noncreditable upfront payment in an amount equal to five million dollars ($5,000,000), by wire transfer of immediately available funds to an
account specified by Parent, within thirty (30) days after the date any SpinCo Licensee begins commercial manufacturing Spinco Products using a Third Party sourced cannula and on a manufacturing line incorporating or designed or built using
Manufacturing Line IP. 
 Section 3.3 Volume-Based Royalty (for Third-Party Sourced Cannula). SpinCo shall pay to Parent a
quarterly royalty of two percent (2%) of Net Sales of each finished SpinCo Product (e.g., pen needles, syringes, etc.) manufactured using a Third Party sourced cannula and on a manufacturing line incorporating or designed or built using
Manufacturing Line IP (such finished products, “Royalty Products”). 
 Section 3.4 New Manufacturing Lines. 

(a) SpinCo shall notify Parent within ninety (90) days of when it initiates a process to design and build a new pen needle or syringe
manufacturing line (“New Manufacturing Line”). SpinCo, at its option, may initiate a pre-approval process with respect to such New Manufacturing Line. Such
pre-approval process shall involve the following: 
 (i) SpinCo shall present to
Parent a process describing in detail the project plan for such New Manufacturing Line, including the plans for ensuring the New Manufacturing Line is not designed or built using, and there is no unauthorized disclosure of, MLIP, e.g., project plan,
clean team approach, involved associates, vendors, etc. 

  
 Ex. A-4 

 (ii) SpinCo and Parent shall discuss such project plan and shall work in
good faith to mutually agree upon a process with sufficient protections to ensure the New Manufacturing Line is not designed or built using MLIP, including use by existing vendors of MLIP in their possession. 

(iii) Upon completion of the New Manufacturing Line, Parent shall be entitled to a commercially reasonable audit to ensure
compliance with the project plan (given effect to SpinCo’s confidential information including use of a clean team by Parent). To the extent the New Manufacturing Line was designed and built in compliance with the plan, and assuming no
unauthorized disclosure or use of MLIP outside the plan, such New Manufacturing Line shall be considered to be a manufacturing line designed or built without using Manufacturing Line IP. 

(b) Notwithstanding Section 5.2 of this Agreement, (i) the restrictions on use of MLIP for designing or
building a New Manufacturing Line shall not apply to, and (ii) the payments under Section 3.2 or Section 3.3 shall not be triggered when the only MLIP used to design or build a New
Manufacturing Line is, MLIP that SpinCo can demonstrate is: (A) in the public domain or generally available to the public, other than as a result of a disclosure by SpinCo, its Subsidiaries or any of their Representatives in violation of this
Agreement or Ancillary Agreements, (B) lawfully acquired by SpinCo (free of any confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality at the time of such acquisition) from a Third Party who has a
lawful right to disclose it, or (C) independently developed or generated by SpinCo or by a Third Party by persons without use of, or other reliance upon, MLIP. 

Section 3.5 Manner of Payment. All payments to be made by SpinCo hereunder shall be made in United States dollars by wire transfer
of immediately available funds to such bank account as shall be designated by Parent, as applicable. Amounts on which royalties or other payments are calculated that are in currencies other than U.S. dollars shall be converted to U.S. dollars based
on the average rate of exchange as quoted in the Wall Street Journal for each fiscal quarter for which a payment is due. If not so published, the Parties may agree on a substitute publication. If, due to restrictions or prohibitions imposed
by national or international authority, payments cannot be made as provided in this Agreement, the Parties will consult with a view to finding a prompt and acceptable solution. All costs of payment, such as wire transfer, shall be borne solely by
SpinCo Licensees and may not be credited or withheld. 
 Section 3.6 Sales Reports and Royalty Calculations. Beginning
forty-five (45) days after any notice provided under Section 3.1, and thereafter within forty-five (45) days after the end of each quarter, to the extent applicable, SpinCo shall provide to Parent a written report
showing the amount of royalty due for such quarter. Royalty payments for each quarter shall be due at the same time as such written report for the quarter. With each quarterly payment, SpinCo shall deliver to Parent a full and accurate accounting to
include at least the following information: (i) the total gross sales for each Royalty Product and the calculation of Net Sales from such gross sales; and (ii) the calculation of royalties payable in United States dollars which shall have
accrued hereunder in respect of such Net Sales; (iii) the exchange rates used if any; and (iv) any credits deducted based on overpayments of royalties in prior quarters, such as for rebates, credits or other adjustments to Net Sales. All
payments not made when due hereunder shall accrue interest on an annual basis at the Prime Rate. “Prime Rate” shall mean the average prime rate published in the Wall Street Journal during the relevant period (calculated by dividing
(a) the sum of the prime rates for each of the days during the relevant period, by (b) the number of days in the relevant period). 

  
 Ex. A-5 

 Section 3.7 Sales Record Audit. SpinCo shall keep, and shall ensure that each of
its Affiliates keeps, complete, true and accurate books of accounts and records in accordance with GAAP sufficient to determine and establish the amounts payable incurred under this Agreement, and compliance with the other terms and conditions of
this Agreement. Such books of accounting of SpinCo and its Affiliates shall be open for inspection not more than once per calendar year by an independent certified public accountant selected by Parent and as to which SpinCo has no reasonable
objection, for the purpose of verifying royalty statements and payments for compliance with this Agreement for any period within the preceding three (3) calendar years. The independent certified public accountant shall disclose to Parent only
the amounts that the independent auditor believes to be due and payable hereunder to Parent and details concerning any discrepancy from the amount paid (including the reasons therefor), and shall disclose no other information revealed in such audit.

 Section 3.8 Cannula Cartridge. Parent and its Affiliates shall have no obligation hereunder or pursuant to the other
Ancillary Agreements and the Separation and Distribution Agreement to supply a Cartridge to any Third-Party cannula supplier, nor shall SpinCo have the right to supply a Cartridge to any Third-Party cannula supplier. Notwithstanding the foregoing,
Parent shall provide, upon the request and expense of SpinCo, assistance to SpinCo, as follows: 
 Option 1: Parent and its Affiliates
shall cooperate with SpinCo to design an interface for a Third-Party cannula holder to work directly with the hopper; or 
 Option 2:
If Option 1 is not feasible, Parent and its Affiliates shall cooperate with SpinCo to design an off-line cannula transfer to allow the Third Party-sourced cannula to be transferred from the Third-Party cannula
holder to Parent’s Cartridge at an Approved Facility. 
 Any and all Intellectual Property Rights in the design and development by Parent and its
Affiliates under this Section 3.8 shall be owned solely and exclusively by Parent and its Affiliates and shall be considered MLIP. The SpinCo Licensees hereby assign and agree to assign to Parent any such Intellectual
Property Rights to the extent any ownership rights in such Intellectual Property Rights vest in SpinCo Licensees. 
 Parent Licensors agree to grant, and
hereby grant, to the SpinCo Licensees a nonexclusive, non-sublicensable, royalty-free, fully paid, nontransferable (except as set forth in Section 8.4 of the Agreement), irrevocable
(except as provided in Section 7.1(a) and Section 8.5 of the Agreement) license under any such Intellectual Property Rights to use, as applicable, the interface or the off-line
cannula transfer designed and developed under this Section 3.8 in connection with the manufacture of SpinCo Products by SpinCo Licensees that contain Third Party-sourced cannula and are assembled in whole or in part on
manufacturing lines containing Manufacturing Line IP in the Approved Facilities controlled, operated and directed by SpinCo Licensees. 

  
 Ex. A-6 

 Section 3.9 Upon Major Supply Failure. In the event of a Major Supply Failure
(as defined in the Cannula Supply Agreement) that is not a Major Supply Failure Termination Event (as defined in the Cannula Supply Agreement) under Section 6.4(e) of the Cannula Supply Agreement, the SpinCo Licensees’ exclusive remedy
under this Agreement is a waiver of the upfront and incremental royalty fees under Section 3.2 or Section 3.3, as applicable, otherwise due to Parent on cannula sourced from a Third Party during
such Major Supply Failure; provided that such waiver is applicable for a maximum of two (2) years from the date of the commencement of such Major Supply Failure (it being understood that if Third Party-sourced cannula are being used with
Manufacturing Line IP following such two (2) year waiver, then the upfront payment under Section 3.2 or Section 3.3 (if not already paid by SpinCo prior to the Major Supply Failure) will
become due from SpinCo to Parent within thirty (30) days of the end of such waiver, and royalty fees under Section 3.3 will be due on sales of such Third Party-sourced cannula following the end of such waiver, as
further described herein). 
 Section 3.10 Retained Cannula IP. The Parties agree that the sale of Product to SpinCo under the
Cannula Supply Agreement shall constitute an exhaustion of Parent’s Patent rights in Retained Cannula IP pursuant to the exhaustion or first sale doctrine under U.S. law, and any equivalent or similar doctrines under the law of any
jurisdiction. Notwithstanding the foregoing, the sale of SpinCo Products with Product supplied from BD or of Royalty Products are subject to the terms and conditions of the Cannula Supply Agreement (including being sold by or on behalf of SpinCo for
use for the Permitted Purposes). 
 ARTICLE IV – ADDITIONAL TERMS 

Section 4.1 Manufacturing Line IP Security & Restrictions. Without limiting the generality of
Section 5.2 of the Agreement, SpinCo Licensees shall comply with the following: 
 (a) Restrictions/Obligations: 

(i) SpinCo Licensees will use best practices to protect the MLIP, to the extent consistent with Parent practices as of the Distribution Date.

 (ii) Access (in-person or electronic) to MLIP will be limited to SpinCo Licensees’ employees
and contractors (including Third-Party maintenance contractors) with need to know/need to access. 
 (iii) All SpinCo Licensees’
employees from other locations visiting sites containing MLIP will be required to be recorded in a logbook (to be retained for up to three (3) years for audit purposes). 

(iv) All Third-Party visitors will be required to be under contractual obligations of confidentiality or to sign a confidentiality agreement
before being allowed entry to any areas where MLIP may be disclosed (copy to be retained for audit purposes), with confidentiality obligations with respect to Trade Secrets continuing in perpetuity). 

  
 Ex. A-7 

 (v) MLIP will not be shown to or shared with Third Parties, subject to: (A) a new
vendor can be hired to service aspects of MLIP subject to Section 4.1(a)(iv), (B) should SpinCo Licensees need to duplicate a cannulization line, a vendor may be shown the MLIP only after advance written notice to Parent,
and (C) regulatory agencies may view, if necessary, the MLIP, provided that Parent is given (to the extent feasible) at least five (5) business days advance notice. 

(vi) In no event will (A) a contract manufacturer, or (B) the companies listed in Schedule 4.1, be allowed to view, or
otherwise access, information containing MLIP. SpinCo Licensees will require confidentiality agreements between a SpinCo Licensee and any potential strategic partners. 

(vii) SpinCo Licensees will require agreements/undertakings between a SpinCo Licensee and its employees who have access to MLIP, either as
stand-alone or as employment agreements. Such agreements will be retained in a central location or HR system. 
 (viii) SpinCo Licensees
will have a Trade Secret policy, regular Trade Secret training, and regular Trade Secret assessment/audits of its manufacturing sites. 

Section 4.2 Parent Audits of SpinCo. 

(a) Prior to, or within ninety (90) days of, the Distribution Date, Parent Licensors will perform an initial virtual or in-person (at Parent Licensors’ option) Trade Secret audit of SpinCo Licensees’ manufacturing locations, and SpinCo Licensees will implement reasonable recommendations arising from such audits consistent
with prior practices of Parent and best practices. SpinCo Licensees will also allow Parent Licensors to participate in the development of trade secret training at each location in conjunction with, or promptly after, each such audit. 

(b) Parent Licensors will be entitled to annual audits of SpinCo Licensees’ sites to confirm adherence to restrictions and best
practices, and semiannual audits of the Suzhou, China, site under best practices for confidentiality arrangements and clean team restrictions. 

(c) SpinCo Licensees will designate a single person at each site at which MLIP is used responsible for compliance with the restrictions, and a
single person responsible for controlling system access to MLIP (e.g., via SAP). 
 (d) Audit recommendations by Parent Licensors
consistent with best practices will be given reasonable consideration for adoption, and Parent’s prior and then-current practices will be given reasonable consideration for adoption; in the case of disputes over such adoption, executives of the
parties will meet within ten (10) Business Days to try to resolve the dispute, but if not resolved after thirty (30) Business Days, either party may submit the matter to WIPO Expedited Arbitration. 

Section 4.3 Notifications/Breaches. SpinCo Licensees will be required to notify Parent Licensors upon events involving potential
or actual disclosure of MLIP to Third Parties, including breach of restrictions, misappropriation, compelled disclosure, or change of control. SpinCo Licensees will promptly notify Parent of all breaches, misuse, misappropriation, or other
unauthorized disclosures of MLIP, whether or not considered material, along with its actions or plans to cure such breach. 

  
 Ex. A-8 

 Section 4.4 Consequences for Breach. 

(a) SpinCo Licensees shall indemnify, defend and hold harmless Parent, its Affiliates and its and their respective Representatives from and
against any and all Third-Party claims to the extent arising out of or resulting from any breach of this Exhibit A or Section 5.2 of this Agreement with respect to MLIP by SpinCo Licensees, their Affiliates or Representatives. 

(b) SpinCo Licensees will reasonably and promptly enforce its Third-Party confidentiality agreements if any such breach is due to such
Third-Party actions, including, if appropriate, seeking injunctive relief. SpinCo Licensees will be required to consider Parent’s reasonable recommendations to address the causes of any breach, including increased audits or other monitoring.

 Section 4.5 Return of MLIP to Parent. 

(a) If during the course of an audit or other business review, it is identified that any aspect or element of the MLIP at a facility is no
longer being used by SpinCo Licensees for a period of twelve (12) consecutive months, then the Parties shall discuss in good faith the appropriate action to take with respect to such aspect or element of the MLIP, including whether SpinCo
Licensees shall return or destroy (at Parent’s option) aspect or element of the MLIP. 
 (b) Upon the expiration or termination of the
licenses granted in this Exhibit A (partially or in their entirety) for any reason, all rights granted to the SpinCo Licensees shall revert to the Parent Licensors, and the SpinCo Licensees shall (i) immediately upon
expiration, and (ii) as soon as possible, but no later than within thirty (30) days of termination, use commercially reasonable efforts to return or destroy (at Parent’s option) the MLIP in the SpinCo Licensees’ possession and
control and shall certify to Parent that it has taken such steps in writing within thirty (30) days of the obligation to take such steps. 

(c) Notwithstanding any expiration or termination of the licenses granted in this Exhibit A (partially or in their entirety) for any
reason, the confidentiality and non-use obligations of the SpinCo Licensees with respect to the MLIP, and the Trade Secrets and confidential information embodied therein, shall be perpetual for as long as any
information derives independent economic value, actual or potential, from not being generally known to or readily ascertainable through proper means by the public and are the subject of efforts that are reasonable under the circumstances to maintain
secrecy. 

  
 Ex. A-9 

 Exhibit A – Schedule 3.1 

B Braun 
 Terumo 

Weigau 
 Smiths/ICU 

KDL 
 Nipro 

Greiner 
 Zhejiang Gongdong Medical Technology Co., Ltd. 

TAIZHOU RICH MEDICAL PRODUCTS CO., LTD. 
 Guangzhou Improve
Medical Instruments Co., Ltd 
 Sarstedt 
 Sol Millennium 

Exhibit A – Schedule 4.1 
 B Braun

 Terumo 
 Weigau 

Smiths/ICU 
 KDL 

Nipro 
 Greiner 

Zhejiang Gongdong Medical Technology Co., Ltd. 
 TAIZHOU RICH
MEDICAL PRODUCTS CO., LTD. 
 Guangzhou Improve Medical Instruments Co., Ltd 

Sarstedt 
 Sol Millennium 

  
 Ex. A-10EX-10.18

 Exhibit 10.18 

LOGISTICS SERVICES AGREEMENT 
 THIS
LOGISTICS SERVICES AGREEMENT (this “Agreement”) is dated as of January 1, 2022, by and between: 

(A)    EMBECTA CORP., a Delaware corporation (“Service Recipient”); and 

(B)    BECTON, DICKINSON AND COMPANY, a company incorporated in New Jersey (“Service Provider”). 

Service Recipient and Service Provider may each be referred to herein individually as a “Party” and collectively as the
“Parties.” 
 RECITALS 

WHEREAS, in connection with the transactions contemplated by the Separation and Distribution Agreement, the Parties contemplate that during the Term
(as defined herein), Service Provider will provide certain Services (as defined herein) to Service Recipient (and/or its Affiliates (as defined herein)), at Service Recipient’s direction, to support certain commercial operations of the SpinCo
Business as it relates to the Products (as defined herein) until order-to-cash processes and other logistics services of the SpinCo Business are migrated to an
independent infrastructure of Service Recipient in accordance with the terms and conditions set forth herein (the “Purpose”). 

NOW, THEREFORE, the Parties agree as follows: 
  

	 	1.	 DEFINITIONS 

For the purpose of this Agreement, the following capitalized terms shall have the following meanings. Capitalized terms which are used but not
defined herein shall have the meanings ascribed to such terms in the Separation and Distribution Agreement. 
 “Additional
Services” shall have the meaning set forth in Section 4.6. 
 “Administrative Fee” shall
have the meaning set forth in Section 11.2.1. 
 “Affiliate” of any Person shall mean any Person
directly or indirectly controlling, controlled by, or under common control with, such Person; provided, however, that, for the purposes of this definition, “control” (including, with correlative meanings, the terms
“controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person,
whether through the ownership of voting securities, by contract, or otherwise. 
 “Agreement” shall have the meaning set
forth in the Preamble and shall include the Services Schedule included by mutual agreement of the Parties herein (whether in the initial form attached hereto as of the Commencement Date and/or Region Effective Date or subsequently amended by written
agreement of the Parties pursuant to the terms of this Agreement). 

  
 - 1 - 

 “Ancillary Agreements” has the meaning set forth in the Separation and
Distribution Agreement (but, for the avoidance of doubt, includes the Separation and Distribution Agreement). 
 “Claim”
shall have the meaning set forth in Section 18.4. 
 “Commencement Date” shall mean the date at
the top of this Agreement. 
 “Confidential Information” shall have the meaning set forth in
Section 22.1. 
 “Contract Manufacturing Agreements” shall have the meaning given to it in the
Separation and Distribution Agreement. 
 “Customer Agreements” shall have the meaning set forth in
Section 8.1. 
 “Data Protection Laws” means: (a) the Data Protection Act 2018; (b) the
General Data Protection Regulation (EU) 2016/679 (“GDPR”); (c) the GDPR as it forms part of the law of England and Wales, Scotland and Northern Ireland by virtue of section 3 of the European Union (Withdrawal) Act 2018, and as
amended by the Data Protection, Privacy and Electronic Communications (Amendments etc.) (EU Exit) Regulations 2019 (“UK GDPR”); (d) the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2003/2426), and
(e) all United Kingdom and European Union (with direct effect) laws and regulations relating to processing of personal data and privacy together with the corresponding laws of any other applicable jurisdiction in which the Services are provided
or received. 
 “Dispute” shall have the meaning set forth in Section 7.1. 

“Distribution Date” shall have the meaning given to it in the Separation and Distribution Agreement. 

“Excluded Services” means those applications, services, functions and reports specifically set forth in Schedule 3,
except in each case aspects of such applications, services, functions and reports, if any, to the extent specifically set forth in the Services Schedule as of the date the Separation and Distribution Agreement is first executed by the parties
thereto or in any other Ancillary Agreement. 
 “Factoring Agreement” shall have the meaning set forth in
Section 11.1.1. 
 “Factoring Fee” shall have the meaning set forth in the Factoring Agreement.

 “Factoring Region” shall mean each Region that is not a Receivables Servicing Region. 

“Field Action” shall have the meaning set forth in Section 10.1. 

“Force Majeure Event” shall have the meaning set forth in Section 23.1. 

  
 - 2 - 

 “Governmental Authority” shall have the meaning set forth in the Separation
and Distribution Agreement. 
 “Guardrail” shall have the meaning set forth in Section 12.1. 

“Interest Payment” shall have the meaning set forth in Section 11.3.1 

“Losses” shall have the meaning set forth in the Separation and Distribution Agreement. 

“Net Revenue” shall have the meaning set forth in Section 11.2.1. 

“Non-Payment Notice” shall have the meaning set forth in
Section 11.3.1. 
 “Party” and “Parties” shall have the meaning set forth in the
Preamble. 
 “Person” means any individual, corporation (including any non-profit
corporation), general partnership, limited partnership, limited liability partnership, joint venture, estate, trust or company (including any limited liability company or joint stock company) or other similar entity or Governmental Authority. 

“Pre-Effective Date Service Form” shall have the meaning set forth in
Section 4.4.1. 
 “Product(s)” shall mean the products as described in Schedule 7. 

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

“Receivables Servicing Agreement” shall have the meaning set forth in Section 11.1.2. 

“Receivables Servicing Region” shall mean each of the “Subject Regions,” as defined in each Receivables Servicing
Agreement. 
 “Region” shall mean each country or group of countries identified in Schedule 1, and for the purpose
of any early termination in accordance with Section 20 “Region” shall mean each of North America, LATAM, EMEA, and CASAJ (as applicable). 

“Region Effective Date” means the date that this Agreement becomes effective for each Region, as provided in Schedule
1, or as otherwise notified by Service Provider from time to time. 
 “Regional Agreement” shall have the meaning set
forth in Section 11.6. 
 “Reimbursable Costs” shall have the meaning set forth in
Section 11.2.2. 
 “Representative(s)” shall mean (a) with respect to Service Provider,
Service Provider, its Affiliates and each of their respective officers, directors, employees, consultants, contractors and agents, in each case to the extent designated by Service Provider to provide Services under this Agreement, and (b) with
respect to Service Recipient, Service Recipient, its Affiliates and each of 

  
 - 3 - 

 
their respective officers, directors, employees, consultants, contractors and agents, in each case to the extent authorized to receive Services or to perform any obligations on behalf of Service
Recipient pursuant to this Agreement. 
 “Separate LSA Schedule” means the separate document setting out the detailed
schedule of Services to be provided pursuant to this Agreement titled [•] and dated [•]. 
 “Separation and Distribution
Agreement” shall mean that certain Separation and Distribution Agreement to be entered into by and between Service Recipient and Service Provider. 

“Service Provider” shall have the meaning set forth in the Preamble. 

“Service Provider ERP System” means those information technology systems and platforms selected by Service Provider, in its
sole discretion acting reasonably for use in connection with the performance of Services. 
 “Service Provider Subsidiary”
shall mean each Service Provider subsidiary as set forth in Schedule 1. 
 “Service Recipient” shall have the
meaning set forth in the Preamble. 
 “Service Recipient Subsidiary” shall mean each Service Recipient subsidiary as set
forth in Schedule 1. 
 “Services” shall mean all services to be provided to Service Recipient as described in the
Services Schedule and the Separate LSA Schedule or as added to the Services Schedule and Separate LSA Schedule pursuant to Section 4.6. 

“Services Schedule” shall mean the schedule attached hereto as Schedule 2. 

“Servicing Fee” shall have the meaning, with respect to each Receivables Servicing Region, set forth in the applicable
Receivables Servicing Agreement. 
 “Set-Up Costs” shall have the meaning set forth
in Section 4.1. 
 “SpinCo Business” shall have the meaning given to it in the Separation and
Distribution Agreement. 
 “Subcontractor” shall have the meaning set forth in Section 14.1. 

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

“Third Party” means any Person other than Service Provider, Service Recipient or their respective Affiliates. 

“Transition Plans” shall have the meaning set forth in Section 3.2.2. 

“Withholding Agent” shall have the meaning set forth in Section 11.5.2. 

  
 - 4 - 

	 	2.	 APPOINTMENT 

2.1    Subject to the terms and conditions of this Agreement, Service Recipient, and the Service Recipient
Subsidiaries, hereby appoint with respect to each Service, Service Provider or the applicable Service Provider Subsidiary, in each case as their services provider with respect to such Services for the Products in the applicable Region, in each case
as described in Schedule 1 and on the terms and conditions set forth in this Agreement. 
  

	 	3.	 TERM 

3.1    This Agreement shall commence on the Commencement Date and terminate on the second (2nd) anniversary of the Commencement Date (the “Term”) unless earlier terminated under Section 20. 

3.2    Transition Plan. 

3.2.1    Each Party shall use diligent, concerted and commercially reasonable efforts to cause Service
Recipient to transition off of the provision of the Services in each Region as promptly as possible, but in no event later than the end of the Term. The Parties shall transition responsibility for the performance of Services to Service Recipient in
a manner that minimizes, to the extent reasonably possible, disruption to the SpinCo Business and the continuing operations of Service Provider and its relevant Affiliates, including in relation to orders for Products placed by customers up to the
effective date of the expiration or termination of this Agreement. For the avoidance of doubt Service Recipient shall be primarily responsible with respect to transitioning off of the provision of Services in each Region. Service Provider shall have
no obligation to perform (or procure that its Affiliates perform) any Services following the Term. The Parties acknowledge and agree that time is of the essence with respect to the foregoing in this Section 3.2.1. 

3.2.2    In furtherance of Section 3.2.1, Service Recipient shall use
commercially reasonable efforts to set forth the steps required to transfer the Services in each Region to Service Recipient or a successor provider in a written transition plan or plans with respect to such Region (the “Transition
Plans”). The Services Recipient shall use its commercially reasonable efforts to develop the Transition Plans within six (6) months after the Distribution Date and Service Provider shall reasonably consult with Service Recipient in
preparation thereof. In furtherance of the foregoing, Service Provider shall provide to Service Recipient information reasonably requested by Service Recipient that is necessary for Service Recipient to develop the Transition Plans, and the Parties
shall reasonably cooperate with respect to the development of the Transition Plans. 
 3.2.3    Without
limitation to and subject to Section 3.2.2, the Parties will reasonably cooperate in an effort to agree in writing with respect to reasonable Transition Plans, and if the Parties agree in writing to such Transition Plans,
then the Parties shall each use commercially reasonable efforts to undertake the activities expressly delegated to and agreed to by such Party in such Transition Plans. To the extent support is required by the Service Provider in a material respect
for the purposes of implementation of the Transition Plan, Service Provider will be reimbursed for those services at an agreed upon hourly rate, unless otherwise provided for in such Transition Plan. 

  
 - 5 - 

 3.2.4    Service Provider shall reasonably cooperate
with Service Recipient with respect to efforts by Service Recipient to obtain new or replacement contracts with respect to Services as it concerns Third Party vendors with which Service Provider has commercial relationships with respect to such
Services; provided, that for the avoidance of doubt Service Recipient shall be primarily responsible with respect to obtaining such new or replacement contracts. 
  

	 	4.	 DESCRIPTION OF SERVICES 

4.1    Subject to the terms and conditions of this Agreement, Service Provider will use commercially
reasonable efforts to provide or cause its Affiliates to provide such Services to Service Recipient and its Affiliates during the Term. Each Service shall be provided and accepted in accordance with the terms, limitations and conditions set forth
herein and in the Services Schedule. In addition, with respect to each Service, any set up charge or any other similar costs reasonably necessary for the commencement of such Service in accordance with the terms hereof (“Set-Up Costs”) shall be the responsibility of the Service Recipient, except as otherwise expressly provided herein, and such charges and costs shall be deemed to be “Reimbursable Costs” hereunder
and paid to Service Provider in accordance with Section 11.3. 

4.2    Schedules and Precedence. This Agreement shall govern the provision of Services. Except with
respect to any limitations on the Services set forth in this Agreement, if there is any inconsistency between the terms of the Services Schedule and the terms of the main body of this Agreement (i) the terms of the Services Schedule shall
govern with respect to the provision of a specific Service (including pricing, term, technical or operational matters) and (ii) the main body of this Agreement shall govern for legal terms and conditions. 

4.3    Information. Unless otherwise mutually agreed by the Parties, the Services Schedule and any
amendments thereto shall set forth, at a minimum, the following information for each listed Service: 

(a)    a description of the Service to be provided; and 

(b)    any other terms uniquely applicable to such Service. 

4.4    Nature of Services. 

4.4.1    Unless otherwise expressly set forth in the Services Schedule, for each Region the Service
Provider shall perform the Services in substantially the same form and at a relative level of service that such Services were performed internally by or on behalf of Service Provider (or for Services provided by a Third Party, if applicable, the
form consistent with the requirements of the Third Party contract under which such Service was last provided before the Region Effective Date by a Third Party) with respect to the SpinCo Business in the twelve (12) months prior to the Region
Effective Date to the extent 

  
 - 6 - 

 
transacted through the Service Provider ERP System, in each case with respect to, without limitation, quality, availability and volume (as may be increased to take into account the hiring of
employees to operate the SpinCo Business as of the Region Effective Date and increases in volume reasonably attributable to the organic growth of the SpinCo Business following the Region Effective Date, and subject to any increase in fees by Service
Provider to account therefor); provided, however, that such performance shall at a minimum be at no lesser standard of quality generally consistent with the services or arrangements Service Provider provides to its own Affiliates
(collectively, the “Pre-Effective Date Service Form”). Notwithstanding the foregoing, Service Provider may change a Pre-Effective Date Service Form
solely to the extent (a) any change in nature, scope or performance levels is agreed in writing by the Parties from time-to-time during the Term of this Agreement,
(b) of any restrictions imposed on Service Provider by applicable Law or regulation, in which case any such change shall be to the minimum extent necessary, as determined by Service Provider in its reasonable discretion, such that Service
Provider can provide such Service in compliance with applicable Law or regulation, (c) any changes in the nature, scope and performance levels of such Service are necessitated by the Separation and Distribution (as both terms are defined in the
Separation and Distribution Agreement), or the organic growth of the SpinCo Business during the Term, (d) any modification in process for providing Services are necessitated by the extraction of the SpinCo Business from Service Provider’s
continuing operations and (e) required by any contractual obligations owed by Service Provider to any Third Party(ies) with respect to Services provided by, from or through such Third Party(ies) hereunder. Regarding the changes described in the
previous sentence, Service Provider shall implement such changes in a commercially reasonable manner that where practical is consistent with the practices performed internally by or on behalf of Service Provider with respect to the SpinCo Business
in the twelve (12) months prior to the Region Effective Date. For the avoidance of doubt, in providing the Services, Service Provider may use any information systems, hardware, software, processes and procedures it deems necessary or desirable
in its reasonable discretion, provided that (i) Service Provider shall provide notice to Service Recipient with respect to material changes by Service Provider to any such systems, hardware, software, processes and procedures, if any,
that are made solely with respect to Service Recipient (and not similar services for itself or its Affiliates), in which case, Service Provider shall use commercially reasonable efforts to make such changes in a manner that does not cause Service
Recipient to incur increased costs hereunder and shall notify Service Recipient in advance if such changes will result in a material increase in costs, and (ii) any changes by Service Provider to any such systems, hardware, software, processes
and procedures, will not be made in a manner that adversely affects in any material respect the ability of Service Provider to comply with its obligations to provide the Services in the Pre-Effective Date
Service Form to the extent required above in this Section 4.4.1. 

4.4.2    To the extent Service Provider fails to provide Services in accordance with the terms of this
Agreement, Service Provider shall as soon as practicable correct the non-conforming portion of such Services such that it can provide such Service in the Pre-Effective
Date Service Form to the extent required by Section 4.4.1, in each case at no extra charge or cost to Service Recipient. 

  
 - 7 - 

 4.4.3    Service Provider will use commercially
reasonable efforts in the performance of the Services and its duties and obligations hereunder with the same degree of care, skill and prudence customarily exercised when engaging in similar activities for itself and, without limitation, Service
Provider will use commercially reasonable efforts to provide the Services in accordance with the service standards set forth in this Section 4.4. 

4.4.4    WITHOUT LIMITING THE OBLIGATIONS SET OUT IN SECTION 4.4.1, AND WITHOUT LIMITING ANY
REPRESENTATION OR WARRANTY IN THE SEPARATION AND DISTRIBUTION AGREEMENT, (i) ALL SERVICES PERFORMED AND THE SERVICE PROVIDER ERP SYSTEM PROVIDED BY SERVICE PROVIDER HEREUNDER ARE PERFORMED, PROVIDED, AND MADE AVAILABLE ON AN “AS IS”
AND “WITH ALL FAULTS” BASIS, AND (ii) SERVICE PROVIDER DOES NOT MAKE, AND HEREBY DISCLAIMS, ANY AND ALL OTHER EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, QUIET ENJOYMENT, NONINFRINGEMENT AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE. 

4.5    Service Limitations. 

4.5.1    Notwithstanding any provision of this Agreement to the contrary: 

(a)    except as and to the extent necessary for the receipt of any Services by Service Recipient and any
arrangements provided under and subject to the other Ancillary Agreements, Service Provider shall have no obligation to provide Service Recipient with access to or use of any Service Provider information technology systems, information technology,
platforms, networks, applications, software databases or computer hardware; 
 (b)    Service Provider
shall have no obligation to provide Service Recipient with any Excluded Services and Service Provider shall not be obligated to provide and shall not be deemed to be providing any advisory services (including advice with respect to legal, financial,
accounting, insurance, regulatory or tax matters) to Service Recipient or any of its Representatives as part of or in connection with the Services or otherwise; 

(c)    Service Provider shall have no obligation, unless to the extent necessary to provide the Services,
and without limiting, for clarity, Section 10.1, to prepare or deliver any notification or report to any Governmental Authority or other Person on behalf of Service Recipient or any of its Representatives; and 

(d)    in no event shall Service Provider or its Affiliates have any obligation to favor Service Recipient
or any of its Affiliates’ operation of the SpinCo Business over its own business operations or those of its Affiliates. 

4.5.2    Notwithstanding any provision of this Agreement to the contrary, Service Provider shall not be
required to: 
 (a)    perform any Service or provide access to or use of any part of the Service
Provider ERP System in any manner that violates or contravenes any restrictions imposed on Service Provider by applicable Law or regulation; 

  
 - 8 - 

 (b)    perform any Service or provide access to or use
of any part of the Service Provider ERP System in any manner that breaches or contravenes any contractual obligations owed by Service Provider to any Third Party(ies). Service Provider will provide written notice to Service Recipient to the extent
any such Third Party contractual obligation will materially impact the provision of applicable Services hereunder (or change the cost thereof); 

(c)    hire any additional employees, maintain the employment of any one or more specific employees, or
purchase, lease or license any additional equipment, software (including additional seats or instances under existing software license agreements) or other resources (in each case in this Section 4.5.2(c) subject to Service
Provider’s compliance with its obligations to provide the applicable Services in the Pre-Effective Date Service Form to the extent required by Section 4.4.1); or 

(d)    bear or pay any costs related to the conversion of the Service Recipient’s data at the Service
Recipient’s request without limiting, for clarity, Sections 4.4.1 and 4.7. 

4.5.3    Service Provider shall have no obligation to provide data migration support including any data
extraction, data cleansing or data insertion, with respect to historical or transactional data except as and to the extent set forth in this Section 4.5.3 or as and to the extent otherwise expressly set forth herein or in
another Ancillary Agreement. Notwithstanding the foregoing, Service Provider shall (i) provide master data (including product master data, vendor master data, customer master data, materials master data, and employee master data) in the form
and format that it exists on the Service Provider ERP System (or in another format readily convertible by Service Provider if reasonably requested by Service Recipient and agreed with Service Provider) related to the SpinCo Business and reasonably
necessary for Service Recipient to set up its own systems with such data for purposes of operating the SpinCo Business, (ii) provide reasonable access to Service Recipient with respect to reasonable and specific requests for historical data and
reports (including historical and legacy contracts and legal claims matters) to the extent related to the SpinCo Business, if such data and reports are maintained in a form and manner that access can be readily provided by Service Provider, and
(iii) consider in good faith reasonable and specific requests by Service Recipient with respect to other data, if any, reasonably necessary for use by Service Recipient in the SpinCo Business at Service Recipient’s cost. 

4.5.4    Service Provider shall have the right to shut down temporarily for maintenance or similar
purposes the operation of the Service Provider ERP System or any other facilities or systems of Service Provider or its Affiliates providing any Service whenever in Service Provider’s reasonable judgment such action is necessary or advisable
for general maintenance or emergency purposes; provided that without limiting the immediately following sentence, Service Provider will schedule non-emergency general maintenance impacting the Services
so as not to materially disrupt the operation of the SpinCo Business by Service Recipient. Service Provider will give Service Recipient reasonable advance notice of any such shut down for general maintenance purposes or other planned shut down. 

  
 - 9 - 

 4.5.5    Service Provider will be excused from
performing any portion of a Service under this Agreement to the extent that, and solely for so long as, it is actually prevented from performing such portion of such Service as a result of Service Recipient’s or any of its Representatives’
failure to comply with Service Recipient’s obligations set forth in Section 5. The Parties will use commercially reasonable efforts to cooperate to agree upon steps to be taken by Service Recipient to address and
mitigate such adverse effect, and to the extent reasonably practicable the Services will resume in accordance with the terms hereof upon such mitigation. 

4.6    Additional Services. Service Recipient may, within ninety (90) days following the
Distribution Date, identify in writing to Service Provider additional third party logistics services related to the Purpose that (i) Service Provider and its Affiliates (other than Service Recipient and its Affiliates) have been providing or
have provided in such Region in connection with the ordinary course of operation of the SpinCo Business in the twelve (12) months prior to the Region Effective Date or otherwise are necessary to physically and logically separate the operations
and the systems of the SpinCo Business from Service Provider, (ii) are not described in the Services Schedule and are not, for clarity, Excluded Services hereunder or described in the Transition Services Agreement, and are not otherwise capable
of constituting Services, Additional Services or Excluded Services, under the Transition Services Agreement and (iii) are necessary for the Service Recipient and its Affiliates to continue to conduct the SpinCo Business from and after the
Region Effective Date (collectively, except for the Excluded Services, the “Additional Services”). If Service Provider has the necessary assets, rights and resources to reasonably provide such Additional Services, and Service
Recipient is not reasonably in a position to provide such Additional Services or obtain such Additional Services from a Third Party on the same time frame as such services would be available from Service Provider, then with the written approval of
Service Provider, not to be unreasonably withheld, conditioned or delayed, the Parties shall execute a written amendment to the then-current Services Schedule to reflect such Additional Service with respect to the applicable Region(s) and, without
limiting Section 11.2.2, associated increase in the Administrative Fee, as applicable, terms and conditions (which shall be reasonably agreed to by the Parties and otherwise shall be consistent with all terms, conditions
and pricing applicable to the other Services hereunder, as applicable), and such Additional Service shall then be deemed a “Service” hereunder for the relevant Region(s). 

4.7    Modifications. Subject in all cases to the provision of the Services in accordance with the
service standards set forth in Section 4.4, the Service Provider ERP System or other resources used by Service Provider to provide the Services may be changed, altered or modified from time to time at Service
Provider’s reasonable discretion. Without limiting the foregoing, Service Provider may modify a Service to the extent the same modification (including with respect to the cost, scope, nature, performance levels, timing and quality of such
Service) is made with respect to Service Provider’s provision of such Service to itself and its Affiliates, as applicable. Service 

  
 - 10 - 

 
Provider shall inform Service Recipient reasonably in advance in writing of (a) any changes to the Services pursuant to this Section 4.7 and (b) any material
changes to the Service Provider ERP System or other resources used to provide the Services that may affect Service Recipient’s operation of the SpinCo Business with respect to the Purpose. Subject to the preceding provisions of this
Section 4.7, any change in the scope, nature, performance levels or duration of any Service described in or other amendment to the Services Schedule must be agreed by the Parties in writing and signed by the Parties. 

4.8    Use of Services. For each Region, Service Provider shall not be required to provide the
Services to any Person other than Service Recipient and its Affiliates, and shall not be required to provide Services in connection with anything other than the Service Recipient’s or its Affiliates’ use or operation of the SpinCo Business
with respect to the Purpose after the Region Effective Date. Service Recipient shall not, and shall not permit any of its Representatives to, resell any Services to any Third Party or permit the use of any Services by any Third Party. 

 

	 	5.	 OBLIGATIONS OF SERVICE PROVIDER 

5.1    Responsibilities of Service Provider. 

5.1.1    Service Provider shall maintain sufficient resources to perform its obligations hereunder in
accordance with the terms hereof. 
 5.1.2    Without limiting any of its rights or obligations set
forth in this Agreement Service Provider shall: 
 (a)    provide technical assistance and training to
Service Recipient personnel to the extent specified in the Services Schedule. 
 (b)    notify Service
Recipient of problems with the Service Recipient’s work environment that might interfere with the provision of Services hereunder. 

(c)    perform its obligations under this Agreement in a manner consistent with all legal requirements
applicable to Service Provider in its capacity as a provider of Services to the Service Recipient. 

5.1.3    Service Provider shall provide Service Recipient and its Representatives with information and
documentation reasonably requested by Service Recipient that is reasonably necessary for Service Recipient to receive Services hereunder, to perform its obligations hereunder and to transition off the Services in accordance with
Section 3.2, subject in each case to reasonable confidentiality, security and privacy controls, policies and procedures imposed by Service Provider. 

5.1.4    Service Provider shall, during normal business hours and with reasonable prior notice, make
available, as reasonably requested by Service Recipient, reasonable access to personnel and provide timely decisions reasonably requested by Service Recipient in order that Service Recipient may timely transition off the Services in accordance with
Section 3.2. 

  
 - 11 - 

 5.1.5    In performing its obligations under this
Agreement, Service Provider shall comply with its obligations under the Data Protection Laws and shall not do or permit anything to be done which might cause or result in a breach by Service Recipient of the Data Protection Laws. If either Party
concludes, at any time, that a data processing agreement is required in connection with the performance of any activities under this Agreement, it shall notify the other Party and the Parties shall agree and enter into reasonable terms in this
respect. 
  

	 	6.	 OBLIGATIONS OF SERVICE RECIPIENT 

6.1    Certain Service Recipient Responsibilities. Without limiting
Section 6.2, the Service Recipient shall be responsible for and shall perform or cause its Affiliates to perform the activities set forth on Schedule 6. The Parties understand and agree that, notwithstanding anything
to the contrary herein and without limiting Section 2, Service Provider’s sole responsibility hereunder is to provide the Services hereunder on behalf of and for the benefit of Service Recipient, as set forth herein,
in each case without limiting either Party’s rights or obligations under the Separation and Distribution Agreement or any other Ancillary Agreement. 

6.2    Other Responsibilities of Service Recipient. 

6.2.1    With respect to the Purpose, following the relevant Region Effective Date, Service Recipient
shall, for each Region, (i) exercise ultimate control over the operation of the SpinCo Business, except to the extent of the Services, and (ii) be solely responsible for the operation of the SpinCo Business in accordance with all
applicable Laws and regulations, except to the extent of the Services (and without limiting the services provided under the Transition Services Agreement). 

6.2.2    Service Recipient shall, during normal business hours (or as may otherwise be expressly required
to deliver a Service) and with reasonable prior notice, provide Service Provider and its Representatives with access to its facilities as is reasonably necessary for Service Provider and its Representatives to perform the Services and provide
Service Provider and its Representatives access to any systems or software applications that Service Provider and its Representatives are obligated to provide hereunder. 

6.2.3    Service Recipient shall provide Service Provider and its Representatives with information and
documentation reasonably requested by Service Provider that is reasonably necessary for Service Provider to perform the Services and provide access to the Service Provider ERP System it is obligated to provide hereunder, subject in each case to
reasonable confidentiality, security and privacy controls, policies and procedures imposed by Service Recipient. 

6.2.4    Service Recipient shall, during normal business hours and with reasonable prior notice, make
available, as reasonably requested by Service Provider, reasonable access to personnel and provide timely decisions reasonably requested by Service Provider in order that Service Provider may perform its obligations hereunder. 

  
 - 12 - 

 6.2.5    Service Recipient acknowledges and agrees that
certain of the Services to be provided hereunder were previously performed for Service Provider or its Affiliates by individuals who may no longer be employed by Service Provider or its Affiliates as a result of the Separation and Distribution and
that the provision of the Services to Service Recipient may require Service Provider’s reasonable access to, or support from, Service Recipient’s relevant employees. 

6.2.6    Except for Services and Service Provider ERP System expressly required to be provided by Service
Provider under this Agreement, Service Recipient shall be solely responsible for: (a) the selection, acquisition and maintenance of any and all Third Party products or services used by Service Recipients; (b) all implementation,
maintenance and support concerning such Third Party products and services; and (c) all costs associated with the activities described in clauses (a) and (b), above. Except as expressly set forth in this Agreement, Service Provider shall
have no obligation to acquire, host, maintain or otherwise support any such Third Party products or services. 

6.2.7     Service Recipient is and shall remain solely responsible for the content, accuracy and adequacy
of all data that Service Recipient or its Representatives transmit or have transmitted to Service Provider for processing or use in connection with the performance of Services. 

6.2.8    Service Recipient shall comply, and shall cause its Representatives to comply, with all
applicable legal requirements in connection with their respective operations and obligations under this Agreement, including the receipt and use of the Services. 

6.2.9    Without limiting the foregoing, with respect to the customer service and order management
Services described in category (i) of Schedule 6, Service Recipient acknowledges and agrees that, at all times during the Term, (i) such activities shall be performed with respect to both the Products and products of Service
Provider and its Affiliates; and (ii) in dealing with Service Recipient’s customers, Service Recipient will not make any communication regarding customer service and order management for Service Provider products without Service
Provider’s approval. 
 6.2.10    Service Recipient shall maintain sufficient resources to perform
its obligations hereunder in accordance with the terms hereof, including, for clarity, maintaining adequate staffing levels to perform the activities described in Section 6.2.9, including in accordance with the Pre-Effective Date Service Form applicable thereto. 

6.2.11    Mutual Responsibilities. The Parties will reasonably cooperate with each other in all
matters relating to the provision and receipt of Services. Such cooperation shall include: 

(a)    exchanging information relevant to the provision of Services hereunder; 

(b)    reasonable efforts to mitigate problems with the work environment interfering with the Services;
and 

  
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 (c)    each Party requiring its personnel to obey any
security regulations and other published policies of the other Party while on the other Party’s premises which have been made available to the Party. 

6.2.12    In performing its obligations under this Agreement, Service Recipient shall comply with its
obligations under the Data Protection Laws and shall not do or permit anything to be done which might cause or result in a breach by Service Provider or its Affiliates of the Data Protection Laws. 

 

	 	7.	 DISPUTES 

7.1    In the event of any controversy, dispute or claim (a “Dispute”) arising out of or
relating to any Party’s rights or obligations under this Agreement (whether arising in contract, tort or otherwise), calculation or allocation of the costs of any Service or otherwise arising out of or relating in any way to this Agreement
(including the interpretation or validity of this Agreement), such Dispute shall be resolved in accordance with the dispute resolution process referred to in Article VII of the Separation and Distribution Agreement. 

7.2    In any Dispute regarding the amount of a fee, if such Dispute is finally resolved pursuant to the
dispute resolution process set forth or referred to in Section 7.1 and it is determined that the fee that Service Provider has invoiced Service Recipient, and that Service Recipient has paid to Service Provider, is greater
or less than the amount that the fee should have been, then (i) if it is determined that Service Recipient has overpaid the fee Service Provider shall within ten (10) calendar days after such determination reimburse Service Recipient an
amount of cash equal to such overpayment, plus the Interest Payment, accruing from the date of payment by Service Recipient to the time of reimbursement by Service Provider; and (ii) if it is determined that Service Recipient has underpaid the
fee Service Recipient shall within ten (10) calendar days after such determination reimburse Service Provider an amount of cash equal to such underpayment, plus the Interest Payment, accruing from the date such payment originally should have
been made by Service Recipient to the time of payment by Service Recipient. 
  

	 	8.	 CUSTOMER AGREEMENTS 

8.1    The Parties acknowledge and agree that there are and will continue during the Term to be,
distribution and other contracts in place between Service Provider and certain Service Recipient customers that pre-date the Region Effective Date (“Customer Agreements”) and that, for
expediency and administrative convenience, the Parties have agreed not to amend those contracts to reflect the terms of this Agreement, but rather to address such issues as between themselves in this Agreement. Accordingly, Service Recipient hereby
agrees that the terms set forth in each Customer Agreement shall be the terms under which Service Recipient provides the applicable Products and services related thereto to each such customer during the Term. 

  
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 8.2    Following the Region Effective Date, for new and
amended contracts with Service Recipient’s customers with respect to any Products or under which any Services will be provided, Service Recipient will consult with Service Provider and the Parties will work together in good faith to determine
what level of service can be provided by Service Provider and whether such service will have an effect on the fees under this Agreement, and Service Recipient shall ensure that any such contracts are consistent with the terms and conditions of this
Agreement during the Term. 
  

	 	9.	 ACCESS TO FACILITIES 

9.1    Access to Facilities. Prior to one Party allowing any of the other Party’s
Representatives (“Personnel”) to enter onto any premises owned, controlled or operated by such Party, that Party may require such Personnel to enter into confidentiality agreements to protect its Confidential Information and contain
provisions that are consistent with the provisions of Section 22 of this Agreement. Each Party shall cause all Personnel to comply with all reasonable instructions and policies of the other Party made available while at any
premises owned, controlled or operated by such Party, and each Party shall have the right to remove any Personnel of the other Party from any such premises for failure to comply with this Agreement or any such instructions or policies.
Notwithstanding the foregoing, this Section 9.1 shall not limit any access to premises provided under the Transition Services Agreement or any lease between Service Provider (or its Affiliates) and Service Recipient (or its
Affiliates), in each case subject to the terms and conditions thereof. 
  

	 	10.	 FIELD ACTIONS; PRODUCT REGISTRATIONS 

10.1    Field Actions. For each Region Service Recipient shall have the sole discretion and
responsibility to effect and control any recall, withdrawal, or field correction (a “Field Action”) with respect to any Product sold on or after the Region Effective Date. In connection with a Field Action, Service Provider (or such
of its Affiliates that holds the product registration with respect to such Product at the time of such Field Action, as applicable) shall reasonably cooperate with responding to Service Recipient’s requests for information or other assistance,
and in otherwise effecting such Field Action, in each case at the Service Recipient’s cost. Service Recipient shall consult with Service Provider before issuing any press release or otherwise making any public statement regarding any Field
Action that references or implicates Service Provider or any of its Affiliates. Service Recipient shall be responsible for communicating with any Governmental Authorities in connection with a Field Action, and Service Provider (or such of its
Affiliates that holds the product registration with respect to such Product at the time of such Field Action, as applicable) shall reasonably cooperate with Service Recipient to facilitate such communications (including by communicating directly
with the applicable Governmental Authority to the extent so required). Service Recipient shall bear the costs and expenses to the extent incurred by it and by Service Provider or any of its Affiliates in connection with any such Field Action. 

10.2    Product Registrations. Notwithstanding anything to the contrary herein, and, for clarity,
without limiting the Transition Services Agreement, any obligations of Service Provider with respect to obtaining, maintaining, renewing or modifying product registrations shall be set out in the Transition Services Agreement. 

  
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 10.3    New Branding. Any support for the set up
of master data for new branding of Service Recipient or its Affiliates in the Service Provider ERP System with respect to any Products shall be agreed between the Parties in writing, and any such newly branded Products shall not constitute or be
deemed to be “Products” hereunder unless and until Service Provider has approved the same in writing. For the avoidance of doubt, any new branding shall not apply to invoice forms and business stationery of Service Provider. 

10.4    Service Provider shall continue to maintain a recovery plan to ensure the continuity of Services
in case of natural disasters, serious weather conditions, power failures, fires, national emergencies, or any other catastrophic event that is consistent with the recovery plan that the Service Provider has in place with respect to the SpinCo
Business in the twelve (12) months prior to the Region Effective Date. 
  

	 	11.	 FACTORING, FEES, REIMBURSABLE COSTS AND PAYMENT TERMS 

11.1    Factoring and Receivables Servicing. 

11.1.1    With respect to the Factoring Regions, the Parties agree to a factoring arrangement on the terms
and conditions provided in the Factoring Agreement attached as Part I of Schedule 4 hereto (the “Factoring Agreement”). For clarity, invoicing and payment of the Factoring Fee are made under the Factoring Agreement. 

11.1.2    With respect to the Receivables Servicing Regions, the Parties agree to a receivables servicing
arrangement on the terms and conditions provided in the applicable Receivables Servicing Agreement attached as Part II of Schedule 4 hereto (the “Receivables Servicing Agreement”). For clarity, invoicing and payment of the
applicable Servicing Fee are made under the applicable Receivables Servicing Agreement. 
 11.2    Administrative Fee
and Reimbursable Costs. 
 11.2.1    Administrative Fee. Without limiting
Section 11.1 or Service Recipient’s payment obligations with respect to Reimbursable Costs under Section 11.2.2, Service Recipient shall pay Service Provider a monthly fee in an amount equal
to one percent (1%) of Net Revenue (the “Administrative Fee”). As used herein, “Net Revenue” has the meaning set forth in Part I of Schedule 5. For clarity, Service Recipient, and only Service Recipient, has
the right to set the price for the Products. For the avoidance of doubt, the Service Recipient shall not be charged by the Service Provider under this Agreement for any services or products that are charged to the Service Recipient under the
Contract Manufacturing Agreements. 
 11.2.2    Reimbursable Costs. Without limiting
Section 11.1 or Service Recipient’s payment obligations with respect to the Administrative Fee under Section 11.2.1, Service Recipient shall, for each Service performed, reimburse Service
Provider for all shipping costs, selling costs, general administration costs, costs of goods, R&D services costs, and 

  
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other income and expenses related solely to the SpinCo Business direct P&L, that are incurred by the Service Provider directly, as allocated costs or as costs payable to a Third Party
(collectively, “Reimbursable Costs”), in each case without any mark-up. Without limiting the foregoing, Reimbursable Costs shall include, subject to the other applicable terms of this
Agreement (including Section 17.1 with respect to Third Party consents), (a) expenses payable to Third Parties in providing the Services, (b) expenses payable to Third Parties, following the Region Effective Date, for
tailoring, expanding or otherwise modifying any Service or any part of the Service Provider ERP System provided to the SpinCo Business prior to the Region Effective Date in any manner required to provide such Service to Service Recipient in
accordance with the terms and conditions of this Agreement, (c) Third Party fees, costs or expenses payable by Service Provider or any of its Representatives to any Third Party(ies) for the licensing, provisioning, implementation, maintenance
or operation of separate environments, separate instances of existing environments or “clean” environments necessary to provide the Services or Service Provider ERP System to Service Recipient, (d) any fees payable to any Third
Party(ies) that are associated with extending, expanding or maintaining Third Party licenses or other contracts necessary to provide the Services or Service Provider ERP System to Service Recipient, and (e) any additional shared fees or costs
payable by the Service Provider that are set out in the Separate LSA Schedule. 
 11.2.3    Once
monthly, the Service Provider shall issue an invoice to the Service Recipient for all Products which the Service Provider has sold to customers during that month. 

11.3    Invoicing and Payment Terms. 

11.3.1    Service Provider, directly and/or through one or more Service Provider Subsidiaries, shall
invoice Service Recipient, directly and/or through one or more of Service Recipient Subsidiaries pursuant to Section 11.3.2, once monthly in arrears for the Administrative Fee and all Reimbursable Costs pursuant to this
Agreement. Such invoices shall contain reasonable detail of the Service provided and the charge therefor based on information from the Service Provider ERP System. Service Recipient, including all applicable Service Recipient Subsidiaries, shall pay
Service Provider, or each relevant Service Provider Subsidiary (where applicable), for all undisputed amounts due for Services provided hereunder by the twenty-fifth (25th) day of each month for any invoice received prior to that day in the same
month. If payment is not made by the twenty-fifth (25th) day of the month, Service Provider may send notice of non-payment to the Treasurer of Service Recipient in accordance with
Section 25.8 (a “Non-Payment Notice”). Late payments shall bear interest at eight percent (8%) per annum for all undisputed amounts not paid within ten (10) days
from receipt of a Non-Payment Notice therefor (or such lesser rate which is the maximum rate allowed by law) (the “Interest Payment”). Failure to pay undisputed amounts due hereunder within
sixty (60) days from receipt of a Non-Payment Notice therefor pursuant to the terms of this Agreement shall be a material breach and Service Provider may terminate this Agreement with respect to the
applicable Service for which such payment failure applies under Section 20.2 hereof (after the applicable cure period set forth therein). 

  
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 11.3.2    Notwithstanding any provision of this
Agreement or the Separation and Distribution Agreement to the contrary, with respect to each Region, invoices for such Services may be delivered directly by the applicable Service Provider Subsidiary or other local Service Provider Affiliate to the
applicable Service Recipient Subsidiary or other Service Recipient Affiliate for such Region, including that Reimbursable Costs may be invoiced with respect to the applicable Region in which they were incurred and applicable portions of the
Administrative Fee may be invoiced with respect to the applicable Region in which the Net Revenue applicable to such portion was earned, and payment thereof shall be made directly by such Service Recipient Subsidiary or other local Affiliate to such
Service Provider Subsidiary or other local Affiliate, provided that Service Recipient shall remain responsible for all amounts invoiced to and payments made by Service Recipient Subsidiaries; provided, further, that Service
Provider shall send copies of such invoices to Service Recipient and; provided, further, that, for clarity and without limiting or expanding Section 11.3.1, the obligation of Service Recipient and/or the
applicable Service Recipient Subsidiary to pay all undisputed amounts due under any invoice pursuant to Section 11.3.1 shall commence only upon receipt of such invoice by Service Recipient. 

11.3.3    To the extent that Section 11.3.2 applies, Service Provider shall have
the right to submit an aggregate invoice, itemized by country, or an aggregate reconciliation statement, itemized by country, to Service Recipient on a monthly basis for all amounts payable by Service Recipient to Service Provider pursuant to this
Agreement. If necessary, local country or Region invoices will also be issued in the currency of the country in which they originate. Such invoices and reconciliation statements shall contain reasonable detail of the Services provided, the charges
therefor, and Reimbursable Costs incurred, and to the extent, permitted by this Agreement. For any amounts payable under this Agreement that are not collected by Service Provider as described immediately above in
Section 11.3.2, Service Recipient shall pay Service Provider for all amounts due for Services provided hereunder within thirty (30) calendar days from receipt of an invoice therefor in the currency of the country in
which they originate in accordance with the payment terms of Section 11.3.1. 

11.3.4    Except as the Parties may expressly agree in writing, amounts due hereunder shall not be offset
by amounts due or claims under any other agreement. 
 11.4    Supporting Documentation of
Reimbursable Costs 
 11.4.1    Upon Service Recipient’s reasonable request, Service Provider
shall provide reasonable documentation in its possession to support the amount of Reimbursable Costs reimbursed by Service Recipient hereunder. 

11.5    Taxes. 

11.5.1    All charges under this Agreement are exclusive of any Taxes, including sales, use, VAT,
consumption, excise, withholding or similar taxes (other than Taxes based on Service Provider’s net income) that may apply to the transactions contemplated by this Agreement. Service Recipient shall be responsible for paying all such Taxes.
Service Provider may collect such Taxes from Service Recipient as required by law. 

  
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 11.5.2    Deductions or Withholding.  

11.5.2.1    If any amount of any payment under this Agreement is required to be deducted and withheld with respect to the
making of such payment under any provision of applicable Law, the applicable Party (the “Withholding Agent”) shall be entitled to deduct and withhold such amount as required by applicable Law, provided that prior to such
withholding, the Withholding Agent shall give written notice of its intention to deduct and withhold and allow the other Party sufficient time to furnish any required documentation and forms to minimize or eliminate such withholding. The Withholding
Agent shall pay all such withheld amounts to the applicable Governmental Authority. For the avoidance of doubt, the provisions of this Section 11.5 shall apply to Affiliates of Service Provider and Service Recipient as if
such Affiliate were Service Provider or Service Recipient, as applicable. 
 11.5.2.2    Notwithstanding anything in
this Agreement to the contrary, if any deductions or withholdings are required to be made by Service Recipient as aforesaid as a result of Service Recipient being organized in a jurisdiction that is different from Service Provider, Service Recipient
shall be obliged to pay to Service Provider such amount as will, after the deduction or withholding has been made, leave Service Provider with the same amount as it would have been entitled to receive in the absence of such requirement to make a
deduction or withholding, provided that if Service Provider subsequently receives a credit for such deduction or withholding for the taxable year in which the deduction or withholding was made, then Service Provider shall promptly repay an
amount equal to such credit up to the lower of: 
 (a)    the amount previously paid by Service
Recipient; or 
 (b)    the amount which would put Service Provider in the same position as if no
deductions or withholdings had been required to be made in respect of the relevant payment to Service Provider. 

11.5.3    Notwithstanding any provision of this Agreement or the Separation and Distribution Agreement to
the contrary, Service Recipient shall indemnify (in applicable local currency) Service Provider and its Affiliates against all income Taxes required to be paid by Service Provider, its Affiliates or its Representatives arising or resulting from a
requirement under applicable local Law that Service Provider, its Affiliates or its Representatives take into account as its own income (to the extent not fully offset by corresponding deductions) amounts collected on behalf of Service Recipient or
its Affiliates in any jurisdiction. 
 11.6    Regional Agreements. Where the Parties agree from
time to time that, for legal, regulatory or tax reasons associated with this Agreement or the provision of Services hereunder, a further local agreement should be put in place in respect of a particular Region, the Parties or their respective local
Affiliates in such Region will, if and upon agreement thereto, enter into an additional, written ancillary agreement setting forth such additional terms and conditions applicable to such Region (each, a “Regional Agreement”). The
applicable local Service Provider Subsidiary will be the Service Provider party to a Regional Agreement. If there is any inconsistency between the terms of this Agreement and the terms of the applicable Regional Agreement, the terms of

  
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such Regional Agreement shall govern. The Regional Agreements are intended to implement the provision of Services in the applicable Region in compliance with the applicable Laws of such Region.

  

	 	12.	 GUARDRAILS 

12.1    In order to avoid significant cost incurrence or loss by the Service Provider or its Affiliates,
and for purposes of maintaining adequate service levels and the Pre-Effective Date Service Form hereunder, and to retain the pricing terms set forth in Section 11 (which are in part
based on space and resource requirements at current volumes), Service Recipient shall, and shall cause its Affiliates to, at all times during the term, ensure the volumes of all Products maintained in each Facility during each month of the Term, on
a Facility-by-Facility basis, are within plus-or-minus twenty percent (+/- 20%) of the
average inventory stock of the Products in such Facility over the twelve (12) month period immediately preceding the Region Effective Date (with respect to each such Facility, the “Guardrail”). For the avoidance of doubt, the
“Suzhou 3” manufacturing plant will be the sole exception, with no guardrails in place with regards to minimum or maximum volume, in accordance with the agreement in place with respect to the “Suzhou 3” manufacturing plant.
Without limiting the foregoing, if the Service Recipient becomes aware of circumstances (including, for clarity, inventory-level management) that could result in such volumes of Products at any Facility exceeding the applicable Guardrail therefor,
Service Recipient will promptly notify Service Provider thereof and the Parties will discuss in good faith potential operational adjustments to be mutually agreed in an effort to accommodate such volumes; provided that (i) the Service
Recipient will bear all fees and costs associated therewith, which shall be deemed to be “Reimbursable Costs” hereunder and paid to Service Provider in accordance with Section 11.2.2, (ii) such adjustments shall
not create volume or space limitations on or otherwise adversely affect Service Provider’s or its Affiliates’ businesses, and (iii) the Guardrail shall continue to apply except as and to the extent specifically agreed otherwise by the
Parties in writing; provided further that, without limiting the foregoing clause (i), both Parties will use commercially reasonable efforts to mitigate any cost or loss that they may suffer or incur. Any adjustment to the Guardrail for any
portions of the Term will be subject to the mutual written agreement of the Parties; provided that, for clarity, the Guardrail shall continue to apply without any adjustment unless and until such adjustment is so agreed. 

12.2    For each Region, Service Recipient shall provide to Service Provider, on the Region Effective
Date, a detailed written assessment of volumes of Products and all storage requirements therefor with respect to each Facility, together with a written forecast of such volumes, reflecting Service Recipient’s reasonable and good faith
projections, with respect to each month during the initial twelve (12) months following the Region Effective Date. Service Recipient shall update such forecast in writing to Service Provider on a quarterly basis, reflecting Service
Recipient’s reasonable and good faith projections, with respect to each month during the twelve (12) months following the date of such update. Without limiting the foregoing, Service Recipient shall reasonably promptly notify Service
Provider in writing if Service Recipient plans to shift any material portion of volumes (i.e., twenty percent (20%) or greater) of Product from any Region to a different Region or from any Facility to a different Facility. 

  
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 12.3    For purposes of this
Section 12, “Facility” shall mean each warehouse, distribution center or other facility used in connection with any Products hereunder. 

12.4    Without limiting the foregoing, (i) to the extent Service Provider requires a narrower
Guardrail with respect to any Facility operated by Service Provider than the plus-or-minus twenty percent (+/- 20%) threshold described above, such narrower Guardrail
shall apply to such Facility, and (ii) Service Recipient shall reasonably cooperate to ensure that all volume, packaging, size and other similar requirements are adhered to and the same pricing tiers applicable immediately prior to the Region
Effective Date remain applicable at all times during the Term, taking into account the combined volumes of Products and any products of Service Provider or its Affiliates that are stored at or pass through the relevant Facility. 

 

	 	13.	 RELATIONSHIP BETWEEN THE PARTIES 

13.1    The Parties to this Agreement are and shall remain independent contractors and neither Party is an
employee, agent, partner, franchisee or joint venturer of or with the other. Each Party will be solely responsible for all actions or omissions of its employees and for any employment-related taxes, insurance premiums or other employment benefits
respecting its employees. Neither Party shall hold itself out as an agent of the other and neither Party shall have the authority to bind the other. For clarity, this Section 13.1 is subject to and shall not limit
Section 13.2. 
 13.2    Appointment of Service Provider Agent as Service
Recipient’s Agent. 
 13.2.1    Agency Appointment. Service Recipient and
each Service Recipient Subsidiary hereby confirms its appointment of each Service Provider Affiliate identified in Schedule 1 to act as Service Recipient’s undisclosed agent of the Service Recipient Subsidiary identified in Schedule
1 in providing the Services in the Region designated for each such Service Recipient Subsidiary in such Schedule for the Term, and Service Provider and each Service Provider Subsidiary hereby confirms its acceptance of such appointment by such
Service Recipient Subsidiary (with respect to such Regions, the “Service Provider Agent”). Unless resulting in an increase in taxes or other fees, Service Provider may change the Service Provider Agent with respect to any Region by
providing written notice of such change to Service Recipient. 
 13.2.2    Agency Status. The
Service Provider Agent shall perform the Services as agent under this Agreement in its own name but for the account of Service Recipient (and/or the relevant Service Recipient Subsidiary) and at the risk of Service Recipient (and/or the relevant
Service Recipient Subsidiary) without the need to disclose its status as an agent of Service Recipient (and/or the relevant Service Recipient Subsidiary). For the avoidance of doubt, Service Recipient (and/or the relevant Service Recipient
Subsidiary) shall be responsible for any actions or omissions that are performed by the Service Provider Agent on the Service Recipient’s (and/or the relevant Service Recipient Subsidiary’s) instructions. 

  
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 13.2.3    Authority as Agent of Principal. The
Service Provider Agent is authorized to perform for the account of the Service Recipient (and/or the relevant Service Recipient Subsidiary), all acts the Service Provider Agent deems necessary or appropriate to fully perform the Services in a manner
consistent with its practices while the SpinCo Business was owned by Service Provider or its Affiliate, using its independent business judgment, and in accordance with the Pre-Effective Date Service Form
without, except as may otherwise be required by applicable Laws, obtaining the prior approval of the Service Recipient (and/or the relevant Service Recipient Subsidiary), and subject to, in any event, the terms and conditions of this Agreement. 

13.2.4    Relationship Between the Agent and the Principal. Without prejudice to
Section 13.2.1, in performing the Services, the Service Provider Agent will be acting as an independent contractor engaged by Service Recipient (and/or the relevant Service Recipient Subsidiary) to perform the Services for
the benefit of Service Recipient (and/or the relevant Service Recipient Subsidiary). 

13.2.5    Local Agreements. Where necessary, the Parties may provide for further local agreements
to formalize the legal relationship between the Parties in a specific Region. 
 13.2.6    No
Conflict. For clarity, this Section 13.2 is subject to and shall not limit Section 2. 

13.2.7    Cooperation. The Parties will reasonably cooperate with each other to evaluate and
address potential VAT implications relating to the foregoing in this Section 13.2 (if any). 
  

	 	14.	 PERFORMANCE BY REPRESENTATIVES 

14.1    Without limiting Section 2, Service Provider may engage one or more
Affiliates, Third Parties or other Service Provider Representatives (each a “Subcontractor”) to perform all or any portion of the Service Provider’s duties under this Agreement, provided that (i) the Service
Provider remains responsible for the performance of such Service Provider Representatives, and (ii) no such engagement, to the extent such Services are to be provided directly by Service Provider pursuant to the Services Schedule, shall
increase or result in additional charges for the Services, or fees or expenses, to Service Recipient or any of its Affiliates as applicable. 
  

	 	15.	 INSURANCE 

15.1    The Parties may maintain, during the Term of this Agreement, such insurance policies or
self-insurance as they deem appropriate, each for their own requirements. 
  

	 	16.	 RISK OF LOSS; RISK OF NON-PAYMENT 

16.1    Except as otherwise expressly provided in this Section 16, as between
the Parties, Service Recipient shall bear all risk of loss with respect to the Products and all risk of non-payment by customers with respect to the Products. 

  
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 16.2    If any Product is damaged, lost or stolen while
in a warehouse owned or controlled by Service Provider or its Affiliates, as between the Parties, Service Provider is responsible under this Agreement for such damage, theft or loss only to the extent the damage, theft or loss results from Service
Provider’s or such Affiliate’s gross negligence or willful misconduct. In the event Service Provider is so responsible as provided in the immediately preceding sentence, Service Provider’s sole obligation and liability shall be to
compensate Service Recipient at an amount equal to the replacement cost of such Product to the extent so damaged, stolen or lost. 

16.3    For the avoidance of doubt and without limiting Sections 16.1 or 16.2, as between
the Parties, Service Recipient’s rights against Third Parties shall not be affected by the allocation of risk of loss as between the Parties set forth in the foregoing provisions of this Section 16. Service Provider
shall reasonably cooperate in good faith with Service Recipient, at Service Recipient’s cost, to make claims under any applicable Third Party contract with respect to (a) any damage, theft or other risk of loss with respect to the Products
thereunder or (b) any non-performance, breach, default or other failure to provide services, in each case subject to the terms and conditions of such Third Party contract (including any allowances or
other relevant thresholds thereunder). 
  

	 	17.	 SERVICE RECIPIENT LIABILITY TO THIRD PARTIES 

17.1    Third Party Consents. With respect to any Services which require a license or service
provided by a Third Party (including through the sub-contracting of any relationship with any Third Party), to the extent the consent of a Third Party is needed for Service Provider to provide any such
Services to the Service Recipient and its Affiliates, then Service Provider will use its reasonable best efforts to secure the consent of such Third Party to provide Service Recipient with access to such Third Party contract, license or service, as
applicable, in accordance with the terms and conditions of this Agreement. Any costs with respect to securing any such consents shall be the responsibility of the Service Recipient to the extent required by such Third Party contract, license,
service. To the extent a Third Party requires or requests that Service Provider make any payment to the extent not required by the terms of the relevant contract, license, service in order to obtain a consent addressed by this
Section 17.1, Service Provider and Service Recipient shall jointly determine in good faith whether or not to negotiate and/or make such payment, and to the extent agreed, such payment shall be reimbursed by Service
Recipient. If Service Provider is unable to secure the consent of the applicable Third Party vendor using its reasonable best efforts, or if Service Recipient does not pay for the applicable consent, then, notwithstanding any provision of this
Agreement or the Separation and Distribution Agreement to the contrary, Service Provider (and its Affiliates) shall have no obligation to provide the impacted Service, and the Parties shall reasonably cooperate in good faith to effect an alternate
method of providing the Service to Service Recipient to the extent practicable. 
  

	 	18.	 INDEMNIFICATION 

18.1    Service Recipient hereby agrees to indemnify, defend and hold harmless Service Provider, its
Affiliates, its Representatives and its and their respective officers, 

  
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directors, agents, employees and Affiliates, from and against any and all Losses arising out of, relating to or resulting from (i) Service Recipient’s or any of its
Representative’s gross negligence or willful misconduct relating to this Agreement, (ii) Service Recipient’s or any of its Representative’s breach of this Agreement, or (iii) any product liability or other claims by Third
Parties with respect to any Products (other than with respect to the misuse of such Product by Service Provider or to the extent covered by an indemnification obligation of Service Provider or its Affiliates under this Agreement, any Ancillary
Agreement or the Separation and Distribution Agreement). 
 18.2    Service Provider hereby agrees to
indemnify, defend and hold harmless Service Recipient and its officers, directors, agents, employees and Affiliates from and against any and all Losses arising out of, relating to or resulting from (i) Service Provider’s or any of its
Representative’s gross negligence or willful misconduct relating to this Agreement or (ii) Service Provider’s or any of its Representative’s breach of this Agreement except to the extent arising from a claim for which Service
Recipient has an indemnification obligation pursuant to Section 18.1. 

18.3    Notwithstanding anything provided herein, if an indemnitor and indemnitee have, through their
negligent acts or willful misconduct or omissions or breaches of this Agreement, jointly contributed to any of the matters to be indemnified hereunder, the indemnitee shall be indemnified hereunder only to the extent that such indemnified matters
were not caused by the negligent acts, acts of willful misconduct or omissions of, or breaches of this Agreement by, the indemnitee. 

18.4    With respect to Third Party claims asserted against a Party for which the other Party has an
indemnification obligation under this Section 18, (a) the indemnified Party shall provide the indemnifying Party with written notice describing such indemnification claim (“Claim”) in reasonable detail in
light of the circumstances then known and then providing the indemnifying Party with further notices to keep it reasonably informed with respect thereto; provided however, that failure of the indemnified Party to keep the indemnifying
Party reasonably informed as provided herein shall not relieve the indemnifying Party of its obligations hereunder except to the extent that the indemnified Party is materially prejudiced thereby; (b) the indemnifying Party shall be entitled to
participate in such Claim and assume the defense thereof with counsel reasonably satisfactory to the indemnified Party, at the indemnifying Party’s sole expense; and (c) the indemnified Party shall reasonably cooperate with the
indemnifying Party, at the indemnifying Party’s sole cost and expense, in the defense of any Claim. The indemnifying Party will not accept any settlement unless the settlement includes as an unconditional term thereof the giving by the claimant
or the plaintiff of a full and unconditional release of the indemnified Party, from all liability with respect to the matters that are subject to such Claim, without the indemnified Party’s prior written consent, which consent shall not be
unreasonably withheld or delayed. The indemnified Party may participate in the defense of any claim with counsel reasonably acceptable to the indemnifying Party, at the indemnified Party’s own expense. 

  
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	 	19.	 LIMITATION OF LIABILITY; EXCLUSION OF CONSEQUENTIAL DAMAGES. 

19.1    EXCEPT FOR CLAIMS ARISING AS A RESULT OF (A) A PARTY’S BREACH OF ITS CONFIDENTIALITY
OBLIGATIONS UNDER SECTION 22 AND (B) A PARTY’S INDEMNIFICATION OBLIGATIONS WITH RESPECT TO THIRD PARTY LOSSES UNDER SECTION 18: (I) NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR ANY LOST PROFITS, SPECIAL, INCIDENTAL,
INDIRECT, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, HOWEVER CAUSED, UNDER ANY THEORY OF LIABILITY, ARISING FROM THE PERFORMANCE OF, OR RELATING TO, THIS AGREEMENT REGARDLESS OF WHETHER SUCH PARTY HAS BEEN NOTIFIED OF THE POSSIBILITY OF, OR THE
FORESEEABILITY OF, SUCH DAMAGES, AND (II) IN NO EVENT SHALL EITHER PARTY’S LIABILITY FOR DAMAGES HEREUNDER EXCEED, WITH RESPECT TO ANY SERVICES, THE AMOUNT OF FEES PAID BY SERVICE RECIPIENT TO SERVICE PROVIDER UNDER THIS AGREEMENT, SOLELY
TO THE EXTENT RELATED TO THE SERVICES HEREUNDER, EXCEPT IN THE CASE OF SUCH PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. FOR THE AVOIDANCE OF DOUBT, NOTHING IN THIS SECTION 19.1 SHALL LIMIT SERVICE RECIPIENT’S LIABILITY FOR
PAYMENT OF THE FEES AND REIMBURSABLE COSTS IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. 
  

	 	20.	 TERMINATION 

20.1    Termination by agreement. Service Recipient and Service Provider may agree to terminate
this Agreement early, either with respect to all Regions or any one or more Regions hereunder, at any time subject to prior written mutual agreement (including as to notice (which shall not be less than ninety (90) days), exit costs and revised
fees for remaining Regions and Services). 
 20.2    Termination by Either Party. Either Party
may terminate this Agreement with respect to an affected Region if the other Party commits a material breach of this Agreement that materially and adversely impacts the provision of Services in such Region or the other Party or an Affiliate of the
other Party or its business, operations or assets and fails to cure such breach within ninety (90) days (thirty (30) days in the event of a payment breach) after receiving written notice of the breach. The Parties hereto hereby acknowledge
and agree that any breach by any of their respective Representatives of any term or condition of this Agreement shall be deemed to be a breach by the applicable Party hereto of such term or condition (and any material breach by such Persons that has
the effect set forth in the preceding sentence shall be grounds for termination of the affected Service pursuant to the preceding sentence). Any notice sent by Service Provider with respect to a material breach and/or intention to terminate this
Agreement shall also be sent to Service Recipient addressees in Section 25.8. 

20.3    Survival of Selected Provisions. Any provision which by its nature should survive,
including the provisions of this Section 20.3 (Termination), Section 11 (Factoring, Fees, Reimbursable Costs and Payment Terms), Section 16 (Risk of Loss),

  
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Section 18 (Indemnification), Section 19 (Limitation of Liability; Exclusion of Consequential Damages), Section 22
(Confidentiality), Section 23 (Force Majeure), and Section 25 (Miscellaneous), shall survive the termination of this Agreement. 

20.4    Post-Termination or Expiration Obligations. In connection with the termination or
expiration of this Agreement for any reason whatsoever, the applicable Transition Plans shall govern the Parties’ activities with respect to transitioning from all Services. Each Party shall use commercially reasonable efforts to return any and
all written Confidential Information and any other materials and property in tangible form in the possession or under the control of such Party to the other Party, including any marketing materials, literature and product samples. 

 

	 	21.	 INTELLECTUAL PROPERTY RIGHTS 

21.1    Existing Ownership Rights Unaffected. Neither Party will gain, by virtue of this Agreement,
any rights of ownership (or, except as provided in Section 21.3, use) of copyrights, patents, trade secrets, trademarks or any other intellectual property rights owned by the other Party or its Affiliates. Except as set
forth in the Ancillary Agreements, no license, title, ownership, or other intellectual property or proprietary rights are transferred to Service Recipient or any Service Recipient Representative pursuant to this Agreement, and Service
Provider retains all such rights, titles, ownership and other interests in the Service Provider ERP System and all other software, hardware, systems and resources it uses to provide the Services, including, any special programs, functionalities,
interfaces, or other work product that Service Provider or its Representatives may develop at Service Recipient’s request to provide the Services. Each Party shall be the sole and exclusive owner of, and nothing in this Agreement shall be
deemed to grant the other Party, or any Representative of such Party, any right, title, license (other than as provided in Section 21.3), leasehold right or other interest in or to, any copyrights, patents, trade secrets,
other 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 either Party or its Representatives in connection with the providing or receiving Services or the performance of either Party’s obligations hereunder. For the
avoidance of doubt, no items created by either Party shall be considered a work made for hire for the other Party within the meaning of Title 17 of the United States Code. 

21.2    Removal of Marks. The Parties agree that neither will remove any copyright notices,
proprietary markings, trademarks or other indicia of ownership of the other Party from any materials of the other Party. 

21.3    Intellectual Property License. Each Party hereby grants to the other, on behalf of itself
and its Affiliates and only during the Term, a non-exclusive, worldwide, royalty-free, non-transferable, non-sublicensable, fully
paid-up license to use any software, development tools, know-how, methodologies, processes, technologies, algorithms or any other intellectual property owned by such
Party solely to the extent it is required for the purpose of providing or receiving such Services. 

  
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	 	22.	 CONFIDENTIALITY 

22.1    During the period beginning on the Commencement Date and ending on the date that is six
(6) years from the date of expiry or termination of this Agreement, each Party shall retain in strict confidence, and shall cause such Party’s Representatives to retain in strict confidence, the terms and conditions of this Agreement and
all information and data relating to the other Party or its Affiliates received pursuant to this Agreement, including information regarding its business, employees, development plans, programs, documentation, techniques, trade secrets, systems,
software and know-how (“Confidential Information”), and shall not use such Confidential Information other than in connection with the performance of this Agreement and, unless otherwise
required by law, an order of court, a subpoena or other legal process (subject to Section 22.2 below), disclose such information to any Third Party without the other Party’s prior written consent, except for
Confidential Information that: 
 (a)    was in such Party’s possession on a non-confidential basis prior to the time of disclosure to such Party by the disclosing Party or its Representatives; 

(b)    was or becomes generally available to the public other than as a result of a disclosure by such
Party or its Representatives; 
 (c)    becomes available to such Party on a non-confidential basis from a source other than the disclosing Party or its Representatives; 

(d)    was independently developed by such Party without the use of Confidential Information of the other
Party; or 
 (e)    a Party is required to disclose to enforce its rights in this Agreement (and such
use or disclosure shall be limited to that reasonably necessary for purposes of such enforcement, and subject to a protective order or other confidentiality protection where appropriate), 

provided, in the case of clause (a) or (c), that the source of such information is not bound by a confidentiality agreement with
the disclosing Party or otherwise prohibited from disclosing the information to the receiving Party by a contractual, legal or fiduciary obligation. 

22.2    In the event that the receiving Party or any of its Representatives are requested or required by
applicable Law, an order of court, a subpoena or other legal process to disclose any Confidential Information, the receiving Party will provide the disclosing Party with prompt written notice of any such request or requirement so that the disclosing
Party may seek an appropriate protective order or other appropriate remedy. In the event that such protective order or other remedy is not obtained, or that the disclosing Party chooses not to seek such remedy, the receiving Party may disclose only
that portion of the Confidential Information which is legally required and will exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. The receiving Party agrees not to oppose
action taken by the disclosing Party to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded to the Confidential Information. 

  
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 22.3    Each Party hereby acknowledges that the
Confidential Information of the other Party may still be under development, or may be incomplete, and that such information may relate to products that are under development or are planned for development. NEITHER PARTY MAKES ANY REPRESENTATIONS
REGARDING THE ACCURACY OF THE CONFIDENTIAL INFORMATION IT DISCLOSES TO THE OTHER PARTY. Neither Party shall have responsibility for any expenses, losses or actions incurred or undertaken by the other Party as a result of the other Party’s
receipt or use of Confidential Information. 
 22.4    It is understood and agreed that monetary damages
may not be a sufficient remedy for any breach of this Section 22, and that the disclosing Party may be entitled to specific performance and injunctive or other equitable relief as a remedy for any such breach. Such remedy
shall not be deemed to be the exclusive remedy for breach of this Section 22, but shall be in addition to all other remedies available at law or equity. 

22.5    The obligations in this Section 22 shall survive any expiration or
termination of this Agreement for six (6) years after the date of expiration or termination of this Agreement; provided, however, that, with respect to each trade secret of a Party or its Affiliates (where it is reasonably
apparent that such item is a trade secret), such obligations shall continue as long as such trade secret remains otherwise protectable as a trade secret. 
  

	 	23.	 FORCE MAJEURE 

23.1    Each Party (including their Affiliates) will be excused for any failure or delay in performing any
of its obligations under this Agreement if such failure or delay is caused by any event or condition beyond the reasonable control of the impacted Party (including their Affiliates), including act of God, law or government regulations, court orders,
war, act of terror, civil commotion, labor strike or lock-out, epidemic, failure or default of public utilities or common carriers, destruction of facilities, systems or materials by fire, earthquake, storm or
like catastrophe (a “Force Majeure Event”); provided, however that the impacted Party notifies the other Party as soon as practicable, in writing, upon learning of the occurrence of the Force Majeure Event, stating the
date and extent of such suspension and the cause thereof, and the Parties shall promptly confer, in good faith, on what action may be taken to minimize the impact, on both Parties, of such condition; provided, further, that the
impacted Party (including their Affiliates) shall take measures to overcome the condition with respect to the Services which are consistent in all material respects with the measures taken in connection with the Party’s other similarly affected
operations, as relevant. A Party’s (including their Affiliates’) obligations hereunder (except their obligations expressly set forth in the foregoing sentence and their payment obligations in respect of Services already provided) shall be
postponed until the cessation of the Force Majeure Event; provided that such Party will use commercially reasonable efforts to resume its performance hereunder. 

  
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	 	24.	 AUDIT 

24.1    Service Recipient shall be entitled, at Service Recipient’s cost, to appoint an independent
auditor reasonably acceptable to Service Provider to conduct periodic audits (not more frequently than twice per year) on reasonable advance notice and during normal business hours of the Reimbursable Costs,
Set-Up Costs, the Net Revenue component of Administrative Fees and/or other expenses being charged in connection the Services provided by Service Provider, provided such audits shall be conducted in a
manner that is intended to minimize, to the extent reasonably possible, disruption to the operations of Service Provider and its relevant Affiliates. Any such audits must be completed within six (6) months after completion of a Service. The
independent auditor shall enter into a confidentiality agreement with Service Provider containing customary confidentiality obligations and shall, promptly following completion of such audit, disclose only the audit report, without any confidential
audited materials, to both Parties. 
 24.2    If a Governmental Authority audit of Service Recipient
reasonably requires access to records in Service Provider’s possession with respect to the Services, Service Provider will reasonably cooperate to provide such records to allow the Service Recipient to comply with applicable Law. 

24.3    Service Recipient shall be entitled, at Service Recipient’s cost, during normal business
hours and on reasonable notice to the Service Provider (and/or the relevant Service Provider Affiliate), to access the premises of the Service Provider (and/or the relevant Service Provider Affiliate) or the premises of a Third Party (provided that
the Service Provider or relevant Service Provider Affiliate has the right to access such premises) where reasonably required to ensure that the Services are being provided to the standards required under this Agreement. 

 

	 	25.	 MISCELLANEOUS. 

25.1    Mutual Cooperation. Each Party shall, and shall cause its Affiliates to, cooperate with the other Party and
its Affiliates in connection with the performance of the Services hereunder; provided, however, that such cooperation shall not unreasonably disrupt the normal operations of such Party or its Affiliates; and, provided,
further, that this Section 25.1 shall not require such Party to incur any out-of-pocket costs or expenses unless and except as expressly
provided in this Agreement or otherwise agreed to in writing by the Parties. 
 25.2    Further Assurances.
Subject to the terms of this Agreement, each Party shall take, or cause to be taken, any and all reasonable actions, including the execution, acknowledgment, filing and delivery of any and all documents and instruments that any other Party may
reasonably request in order to effect the intent and purpose of this Agreement and the transactions contemplated hereby. 

25.3    Audit Assistance. Each of the Parties and their respective Affiliates are or may be subject to regulation
and audit by a Governmental Authority (including a Taxing Authority, as such term is defined in the Transition Services Agreement), standards organizations, customers or other parties to contracts with such Parties or their respective Affiliates
under applicable Law, 

  
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standards or contract provisions. If a Governmental Authority, standards organization, customer or other party to a contract with a Party or its Affiliate exercises its right to examine or audit
such Party’s or its Affiliate’s books, records, documents or accounting practices and procedures pursuant to such applicable Law, standards or contract provisions, and such examination or audit relates to the Services, then the other Party
shall provide, at the sole cost and expense of the requesting Party, all assistance reasonably requested by the Party that is subject to the examination or audit in responding to such examination or audits or requests for Information (as such term
is defined in the Transition Services Agreement), to the extent that such assistance or Information is within the reasonable control of the cooperating Party and is related to the Services. 

25.4    Counterparts; Entire Agreement; Corporate Power. 

25.4.1    This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party. 

25.4.2    This Agreement, the Separation and Distribution Agreement and the other Ancillary Agreements and the Exhibits,
Schedules and appendices hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and
conversations with respect to such subject matter, and there are no agreements or understandings between the Parties other than those set forth or referred to herein or therein. This Agreement, the Separation and Distribution Agreement, and the
other Ancillary Agreements govern the arrangements in connection with the Separation and Distribution and would not have been entered into independently. 

25.4.3    Each Party acknowledges and agrees that delivery of an executed counterpart of a signature page to this
Agreement (whether executed by manual, stamp or mechanical signature) by e-mail in portable document format (PDF) shall be effective as delivery of such executed counterpart of this Agreement. Each Party
expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier or by e-mail in portable document format (PDF)) made in its
respective name as if it were a manual signature delivered in person, agrees that it will not assert that any such signature or delivery is not adequate to bind such Party to the same extent as if it were signed manually and delivered in person and
agrees that, at the reasonable request of the other Party at any time, it will as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date of the initial date thereof) and delivered in
person, by mail or by courier. 
 25.5    Governing Law. This Agreement (and any claims or disputes arising out
of or related hereto or to the transactions contemplated hereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be
governed by and construed and interpreted in accordance with the Laws of the State of Delaware, irrespective of the choice of Laws principles of the State of Delaware, including all matters of validity, construction, effect, enforceability,
performance and remedies. 

  
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 25.6    Assignability. This Agreement shall be binding upon and
inure to the benefit of the Parties and their respective successors and permitted assigns; provided, however, that neither Party may assign its rights or delegate its obligations under this Agreement without the express prior written
consent of the other Party. Notwithstanding the foregoing, Service Provider may assign this Agreement or all of its rights or obligations hereunder to any Affiliate without Service Recipient’s prior written consent (but with notice to the
Service Recipient) solely to the extent such Affiliate can continue to deliver the Services hereunder without interruption. 

25.7    Third-Party Beneficiaries. Except as expressly stated otherwise in this Agreement, (a) the provisions
of this Agreement are solely for the benefit of the Parties and are not intended to confer upon any other Person except the Parties any rights or remedies hereunder; and (b) there are no other third-party beneficiaries of this Agreement and
this Agreement shall not provide any other Third Party with any remedy, claim, liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

25.8    Notices. All notices, requests, claims, demands or other communications under this Agreement shall be in
writing and shall be given or made (and except as provided herein shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by certified mail, return receipt requested, by electronic mail
(“e-mail”), so long as confirmation of receipt of such e-mail is requested and received, to the respective Parties at the following addresses (or at
such other address for a Party as shall be specified in a notice given in accordance with this Section 25.8): 

If to Service Provider, to: 

Becton, Dickinson and Company 
 1
Becton Drive 
 Franklin Lakes, New Jersey 07417 

			
	Attention:	  	 Joseph LaSala
 Chief Counsel -
Transactions/M&A

	E-mail:	  	joseph_lasala@bd.com

 If to Service Recipient, to: 

Embecta Corp. 
 1 Becton Drive

 Franklin Lakes, New Jersey 07417 

			
	Attention:	  	 Jeff Mann
 Senior Vice President, General
Counsel
 Head of Corporate Development and Corporate Secretary

	E-mail:	  	jeff.mann@bd.com; jeff.mann@embecta.com

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

 25.9    Severability. If any provision of this Agreement or the application thereof to any Person or
circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons 

  
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or circumstances or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or
invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a suitable and equitable provision to effect the original intent of the Parties. 

25.10    Headings. The Article, Section and Paragraph headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 25.11    Waivers of
Default. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the waiving Party. No
failure or delay by any Party in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any
other right, power or privilege. 
 25.12    Specific Performance. Subject to
Section 7, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party or Parties who are, or are to be, thereby aggrieved shall have the right
to specific performance and injunctive or other equitable relief in respect of its rights or their rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be
cumulative. The Parties agree that the remedies at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would
be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are hereby waived by each of the Parties. Unless otherwise agreed in writing, Service Provider shall continue to provide Services and the Parties shall
honor all other commitments under this Agreement during the course of dispute resolution pursuant to the provisions of Section 7 and this Section 25.12 with respect to all matters not subject to
such Dispute; provided, however, that this obligation shall only exist during the term of this Agreement. 

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

25.14    Precedence of Schedules. Each Schedule attached to or referenced in this Agreement is hereby incorporated
into and shall form a part of this Agreement; provided, however, that the terms contained in such Schedule shall only apply with respect to the Services provided under that Schedule. In the event of a conflict between the terms
contained in an individual Schedule and the terms in the body of this Agreement, the terms in the Schedule shall take precedence with respect to the Services under such Schedule only. No terms contained in individual Schedules shall otherwise modify
the terms of this Agreement. 
 25.15    Interpretation. In this Agreement, (a) words in the singular shall
be deemed to include the plural and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein” and “herewith” and words of

  
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similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole (including all of the Schedules, Annexes and Exhibits hereto) and not to any particular provision
of this Agreement; (c) Article, Section, Exhibit, Annex and Schedule references are to the Articles, Sections, Exhibits, Annexes and Schedules to this Agreement unless otherwise specified; (d) unless otherwise stated, all references to any
agreement shall be deemed to include the exhibits, schedules and annexes to such agreement; (e) the word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless
otherwise specified; (f) the word “or” shall not be exclusive; (g) the word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not
mean simply “if”; (h) unless otherwise specified in a particular case, the word “days” refers to calendar days; (i) references to “business day” shall mean any day other than a Saturday, a Sunday or a day on
which banking institutions are generally authorized or required by Law to close in the United States or Franklin Lakes, New Jersey; (j) references herein to this Agreement or any other agreement contemplated herein shall be deemed to refer to
this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented thereafter, unless otherwise specified; and (k) unless expressly stated to the contrary in this Agreement, all
references to “the date hereof,” “the date of this Agreement,” “hereby” and “hereupon” and words of similar import shall all be references to January 1, 2022. 

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

	 	26.	 SCHEDULES 

26.1    The following Schedules, as amended or supplemented from time to time, are attached hereto and
made part of this Agreement. 
  

			
	 Schedule Number
	  	 Name

	1	  	Service Provider and Service Recipient Entities by Region
	2	  	Services Schedule
	3	  	Excluded Services
	4 – Part I	  	Factoring Agreement
	4 – Part II	  	Receivables Servicing Agreements
	5	  	Pricing
	6	  	Certain Service Recipient Responsibilities
	7	  	Products

 [Signatures Follow On a Separate Page] 

  
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 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed on its
behalf by their respective officers thereunto duly authorized all as of the date first written above. 
  

			
	“Service Recipient”
	
	Embecta Corp.
		
	By:	 	 /s/ Gary Michael DeFazio

		
	Name:	 	Gary Michael DeFazio
		
	Title:	 	Secretary
	
	“Service Provider”
	
	Becton, Dickinson and Company
		
	By:	 	 /s/ Gary Michael DeFazio

		
	Name:	 	Gary Michael DeFazio
		
	Title:	 	Senior Vice President, Corporate Secretary and Associate General Counsel

  
 - 34 -

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