Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
  

 
  

SECOND LIEN COLLATERAL TRUST AGREEMENT 

dated as of June 16, 2020 

among 
 ENDO INTERNATIONAL PLC,

 ENDO DESIGNATED ACTIVITY COMPANY, 

ENDO FINANCE LLC, 
 ENDO
FINCO INC., 
 the other Grantors from time to time party hereto, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Indenture Trustee, 
 and 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Collateral Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS; PRINCIPLES OF CONSTRUCTION
	  	 	1	 
			
	 Section 1.1
	 	 Defined Terms
	  	 	1	 
	 Section 1.2
	 	 Other Definition Provisions
	  	 	9	 
		
	 ARTICLE II THE TRUST ESTATE
	  	 	10	 
			
	 Section 2.1
	 	 Declaration of Trust
	  	 	10	 
	 Section 2.2
	 	 Collateral Shared Equally and Ratably
	  	 	11	 
		
	 ARTICLE III OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE
	  	 	12	 
			
	 Section 3.1
	 	 Appointment and Undertaking of the Collateral Trustee
	  	 	12	 
	 Section 3.2
	 	 Release or Subordination of Liens
	  	 	13	 
	 Section 3.3
	 	 Enforcement of Liens
	  	 	14	 
	 Section 3.4
	 	 Application of Proceeds
	  	 	14	 
	 Section 3.5
	 	 Powers of the Collateral Trustee
	  	 	15	 
	 Section 3.6
	 	 Documents and Communications
	  	 	16	 
	 Section 3.7
	 	 For Sole and Exclusive Benefit of the Secured Parties
	  	 	16	 
	 Section 3.8
	 	 Additional Secured Debt
	  	 	16	 
	 Section 3.9
	 	 Hedging Obligations
	  	
 	
    	
 
		
	 ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS
	  	 	18	 
			
	 Section 4.1
	 	 Release of Liens on Collateral
	  	 	18	 
	 Section 4.2
	 	 Delivery of Copies to Secured Debt Representatives
	  	 	20	 
	 Section 4.3
	 	 Preparing, Filing or Recording Release Documentation
	  	 	20	 
	 Section 4.4
	 	 Satisfaction of Obligations in Respect of any Series of Secured Debt
	  	 	20	 
		
	 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE
	  	 	21	 
			
	 Section 5.1
	 	 No Implied Duty
	  	 	21	 
	 Section 5.2
	 	 Appointment of Agents and Advisors
	  	 	21	 
	 Section 5.3
	 	 Other Agreements
	  	 	21	 
	 Section 5.4
	 	 Solicitation of Instructions
	  	 	22	 
	 Section 5.5
	 	 Limitation of Liability
	  	 	22	 
	 Section 5.6
	 	 Documents in Satisfactory Form
	  	 	22	 
	 Section 5.7
	 	 Entitled to Rely
	  	 	23	 
	 Section 5.8
	 	 Secured Debt Default
	  	 	23	 
	 Section 5.9
	 	 Actions by Collateral Trustee
	  	 	23	 
	 Section 5.10
	 	 Security or Indemnity in favor of the Collateral Trustee
	  	 	23	 
	 Section 5.11
	 	 Rights of the Collateral Trustee
	  	 	23	 
	 Section 5.12
	 	 Limitations on Duty of Collateral Trustee in Respect of Collateral
	  	 	24	 
	 Section 5.13
	 	 Assumption of Rights, Not Assumption of Duties
	  	 	25	 
	 Section 5.14
	 	 No Liability for Clean-Up of Hazardous
Materials
	  	 	25	 
	 Section 5.15
	 	 Act of Required Secured Party, etc.
	  	 	25	 

  
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	 ARTICLE VI RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE
	  	 	26	 
			
	 Section 6.1
	 	 Resignation or Removal of Collateral Trustee
	  	 	26	 
	 Section 6.2
	 	 Appointment of Successor Collateral Trustee
	  	 	26	 
	 Section 6.3
	 	 Succession
	  	 	26	 
	 Section 6.4
	 	 Merger, Conversion or Consolidation of Collateral Trustee
	  	 	27	 
		
	 ARTICLE VII MISCELLANEOUS PROVISIONS
	  	 	27	 
			
	 Section 7.1
	 	 Amendment
	  	 	27	 
	 Section 7.2
	 	 Voting
	  	 	29	 
	 Section 7.3
	 	 Further Assurances
	  	 	29	 
	 Section 7.4
	 	 Successors and Assigns
	  	 	29	 
	 Section 7.5
	 	 Delay and Waiver
	  	 	30	 
	 Section 7.6
	 	 Notices
	  	 	30	 
	 Section 7.7
	 	 Notice Following Discharge of Secured Obligations
	  	 	31	 
	 Section 7.8
	 	 Entire Agreement
	  	 	31	 
	 Section 7.9
	 	 Compensation; Expenses
	  	 	31	 
	 Section 7.10
	 	 Indemnity
	  	 	32	 
	 Section 7.11
	 	 Severability
	  	 	33	 
	 Section 7.12
	 	 Section Headings
	  	 	33	 
	 Section 7.13
	 	 Obligations Secured
	  	 	33	 
	 Section 7.14
	 	 Governing Law
	  	 	33	 
	 Section 7.15
	 	 Consent to Jurisdiction; Service of Process
	  	 	33	 
	 Section 7.16
	 	 WAIVER OF JURY TRIAL
	  	 	34	 
	 Section 7.17
	 	 Counterparts
	  	 	34	 
	 Section 7.18
	 	 Additional Grantors
	  	 	34	 
	 Section 7.19
	 	 Continuing Nature of this Agreement
	  	 	34	 
	 Section 7.20
	 	 Insolvency
	  	 	34	 
	 Section 7.21
	 	 Rights and Immunities of Secured Debt Representatives
	  	 	35	 
	 Section 7.22
	 	 Modification of Secured Debt Documents
	  	 	35	 
	 Section 7.23
	 	 Confidentiality
	  	 	35	 
	 Section 7.24
	 	 Jurisdiction Specific Provisions
	  	 	36	 

  
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	 EXHIBIT A  
	 	–      	  	 Form of Additional Secured Debt Designation

	 EXHIBIT B
	 	–	  	 Form of Collateral Trust Agreement Joinder—Additional Secured Debt

	 EXHIBIT C
	 	–	  	 Form of Collateral Trust Agreement Joinder—Additional Grantors

  

  
 iii 

 COLLATERAL TRUST AGREEMENT, (as amended, restated, supplemented, amended and restated or
otherwise modified from time to time, this “Agreement”) dated as of June 16, 2020 among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814) (the “Parent”), Endo
Designated Activity Company, a company incorporated under the laws of Ireland (Registered Number 534651) (“Endo DAC”), Endo Finco Inc., a Delaware limited liability corporation (“Endo Finco”), Endo Finance LLC, a
Delaware limited liability company (collectively with Endo DAC and Endo Finco, the “Issuers”), the other Grantors from time to time party hereto, the Indenture Trustee (as defined below) and Wilmington Trust, National Association,
as collateral trustee (in such capacity and together with its successors in such capacity, the “Collateral Trustee”); 

W I T N E S S E T H: 

WHEREAS, the Issuers intend to issue 9.500% senior secured notes due 2027 (including any related exchange notes and any additional notes
issued under the Indenture referred to below from time to time, the “Notes”) in an aggregate principal amount of $947,220,000 pursuant to an Indenture, dated as of the date hereof (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Indenture”), among the Issuers, Parent and the other Grantors party thereto, as guarantors, and Wells Fargo Bank, National Association, as trustee (in such capacity and
together with its successors in such capacity, the “Indenture Trustee”); 
 WHEREAS, the Grantors intend to secure the
Obligations under the Indenture, any future Secured Debt and any other Secured Obligations on a pari passu basis with Liens on all present and future Collateral to the extent that such Liens have been provided for in the applicable Security
Documents (each such capitalized term as defined herein); and 
 WHEREAS, this Agreement sets forth the terms on which each Secured Party
(as defined herein) has appointed Wilmington Trust, National Association, as Collateral Trustee to act as the collateral trustee for the Secured Parties in order to receive, hold, maintain, administer and distribute, on behalf of the Secured
Parties, the Collateral at any time pledged under the Security Documents (as defined herein) and, if applicable, delivered to the Collateral Trustee, and to enforce the applicable Security Documents on behalf of the Secured Parties party thereto.

 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

ARTICLE I 

DEFINITIONS; PRINCIPLES OF CONSTRUCTION 

Section 1.1    Defined Terms. The following terms will have the following meanings: 

“Act of Required Secured Parties” means, as to any matter at any time prior to the Discharge of Secured Obligations, a
direction in writing delivered to the Collateral Trustee 

  
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by or with the written consent of either the holders of or the Secured Debt Representatives representing the holders of more than 50% of the sum of: 

(a)    the aggregate outstanding principal amount of Secured Debt (including the face amount of outstanding
letters of credit whether or not then available or drawn); and 
 (b)    other than in connection with
the exercise of remedies, the aggregate unfunded commitments to extend credit which, when funded, would constitute Secured Debt. 
 For purposes of this
definition, (i) Secured Debt registered in the name of, or beneficially owned by, the Grantors or any of their respective Subsidiaries will be deemed not to be outstanding and neither the Grantors nor any of their Subsidiaries will be entitled
to vote such Secured Debt, (ii) Secured Debt registered in the name of, or beneficially owned by, any Affiliate of any Grantor may be subject to restrictions on ownership and/or voting to the extent set forth in the applicable Secured Debt
Documents and (iii) votes will be determined in accordance with Section 7.2. 
 “Additional Secured
Debt” has the meaning set forth in Section 3.8(b)(1). 
 “Additional Secured Debt
Designation” means a notice in substantially the form of Exhibit A. 
 “Affiliate”
means, with respect to a specified Person, any other Person that directly or indirectly Controls or is Controlled by or is under common Control with such specified Person. 

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

“Approved Intercreditor Agreement” means (i) the First Lien/Second Lien Intercreditor Agreement, (ii) with respect
to indebtedness secured on a pari passu basis with the Secured Obligations, this Agreement (or any other collateral trust agreement or intercreditor agreement reasonably acceptable to the Secured Debt Representatives) and (iii) with respect to
any indebtedness secured on a junior basis to the Secured Obligations, an intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of liens or arrangements relating to the
distribution of payments, as applicable, at the time the intercreditor agreement is proposed to be established in light of the type of Indebtedness subject thereto, in each case as amended, restated, amended and restated, supplemented or otherwise
modified from time to time,. 
 “Business Day” means any day other than a Saturday, a Sunday or a day on which banking
institutions in the City of New York or at a place of payment of any applicable Secured Obligations are authorized or required by law, regulation or executive order to remain closed. 

“Collateral” means all properties and assets of the Grantors now owned or hereafter acquired in which Liens have been
granted, or purported to be granted, or required to 

  
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be granted, in favor of the Collateral Trustee on behalf of the Secured Parties to secure any or all of the Secured Obligations, and shall exclude any properties and assets in which the
Collateral Trustee is required to release its Liens pursuant to Section 3.2 (from and after the time such release is required); provided, that, subject to the terms of the applicable Secured Debt Documents, if
such Liens are required to be released as a result of the sale, transfer or other disposition of any properties or assets of any Grantor, such assets or properties will cease to be excluded from the Collateral if such Grantor thereafter acquires or
reacquires such assets or properties. For the avoidance of doubt, in no event shall “Collateral” include any Excluded Assets. 

“Collateral Trustee” has the meaning set forth in the preamble. 

“Collateral Trust Agreement Joinder” means (i) with respect to the provisions of this Agreement relating to any
Additional Secured Debt, a joinder substantially in the form of Exhibit B hereto , (ii) with respect to the provisions of this Agreement relating to the addition of additional Grantors, a joinder substantially in the
form of Exhibit C hereto and (iii) with respect to the provisions of this Agreement relating to any Hedging Obligations, a joinder substantially in the form of Exhibit D hereto. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlled” has a meaning correlative thereto. 

“Credit Facility” means one or more debt facilities or commercial paper facilities, in each case with banks or other
institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or
letters of credit, in each case, as amended, restated, amended and restated, supplemented or otherwise modified from time to time including any replacement that has been designated in accordance with Section 3.8 hereof.

 “Discharge of Secured Obligations” means the occurrence of all of the following: 

(1)    termination or expiration of all commitments to extend credit that would constitute Secured Debt;

 (2)    with respect to each Series of Secured Debt, either (x) payment in full, or other
satisfaction and discharge, of the obligations outstanding under such Secured Debt (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has
been made at such time and any undrawn letters of credit) or (y) the legal defeasance or covenant defeasance pursuant to the terms of the applicable Secured Debt Documents for such Series of Secured Debt; 

(3)    with respect to any undrawn letters of credit constituting Secured Debt, either (x) the
discharge or cash collateralization (at the lower of (A) 105% of the 

  
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aggregate undrawn amount and (B) the percentage of the aggregate undrawn amount required for release of liens under the terms of the applicable Secured Debt Document) of all outstanding
letters of credit constituting Secured Debt or (y) the notification by the issuer of each such letter of credit to the Collateral Trustee in writing that such issuer has determined that alternative arrangements satisfactory to such issuer have
been made; and 
 (4)    payment in full of all other Secured Obligations that are outstanding and unpaid
at the time the Secured Debt is paid in full in cash (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time). 

“Dutch Parallel Debt Obligations” means the parallel debt obligations as described in the Dutch Security Documents. 

“Dutch Security Documents” has the meaning set forth in Section 7.24(b) 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, or binding orders, decrees, judgments,
injunctions, notices or agreements issued, promulgated or entered into by any Governmental Authority, relating to pollution or protection of the environment, including management or reclamation of natural resources, and the management, Release or
threatened Release of any Hazardous Material or to occupational health and safety matters, as such occupational health and safety matters relate to exposure or handling of Hazardous Materials. 

“Excluded Assets” has the meaning set forth in the Existing First Priority Credit Agreement (as defined in the First
Lien/Second Lien Intercreditor Agreement), as amended, supplemented or otherwise modified in accordance with its terms. 
 “First
Lien/Second Lien Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the date hereof, by and among Wilmington Trust, National Association, as first priority representative, and Wilmington Trust, National
Association, as second priority representative, Parent and the other Grantors from time to time party thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Funded Debt” means, with respect to any specified Person, any indebtedness of such Person (excluding accrued
expenses and trade payables), whether or not contingent: 
 (1)    in respect of borrowed money or
advances; or 
 (2)    evidenced by loan agreements, bonds, notes, debentures or similar instruments or
letters of credit (or reimbursement agreements in respect thereof). 
 “Governmental Authority” means the federal and state
governments of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, agency, tribunal, court, central

  
 4 

 
bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such
as the European Union or the European Central Bank). 
 “Grantors” means (a) Parent and each of its
Subsidiaries that executes this Agreement as of the date hereof as a “Grantor” and (b) from and after the date hereof, each other Subsidiary that becomes a party to this Agreement (and any of the Security Documents) pursuant to
Exhibit C of the Collateral Trust Agreement Joinder. 
 “Indemnified Liabilities” means any and all liabilities
(including all environmental liabilities), obligations, losses, damages, penalties, actions, judgments, suits, costs, taxes, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, performance,
administration or enforcement of this Agreement or any of the other Security Documents, including the violation of, noncompliance with or liability under, any Environmental Laws with respect to any real property of a Grantor which constitutes
Collateral, and all reasonable, documented out-of-pocket costs and expenses (including reasonable documented fees and expenses of legal counsel selected by the
Indemnitee) incurred by any Indemnitee in connection with any claim, action, investigation or proceeding in any respect relating to any of the foregoing, whether or not suit is brought; provided, however, that in no event shall
“Indemnified Liabilities” include fees and expenses for more than one primary counsel to the Collateral Trustee (and up to one local counsel in each applicable jurisdiction and regulatory counsel). 

“Indemnitee” has the meaning set forth in Section 7.10(a). 

“Indenture” has the meaning set forth in the recitals. 

“Indenture Trustee” has the meaning set forth in the recitals. 

“Insolvency or Liquidation Proceeding” means: 

(1)    any involuntary case or application or proceeding commenced or involuntary petition filed seeking
(a) liquidation, reorganization, winding-up, dissolution, compromise, arrangement or other relief in respect of Parent or any Material Subsidiary or its debts, or of a substantial part of its assets,
under any federal, state or foreign bankruptcy, insolvency, receivership, examinership or similar law now or hereafter in effect or (b) the appointment of a receiver, receiver and manager, trustee, custodian, sequestrator, conservator,
examiner, liquidator or similar official for Parent or any Material Subsidiary or for a substantial part of its assets, which in any case, such case or application or proceeding or petition has continued undismissed for sixty (60) days or an
order or decree approving or ordering any of the foregoing is entered; and/or 
 (2)     (a) any
voluntary proceeding commenced or voluntary filing by Parent or any Material Subsidiary of any petition seeking liquidation, reorganization, winding-up, dissolution, compromise, arrangement or other relief
under any federal, state or foreign bankruptcy, insolvency, receivership, examinership or similar law now or hereafter in effect (except in a transaction expressly permitted by the applicable Secured Debt Documents), (b) any consent by Parent or any
Material Subsidiary to the institution of, or 

  
 5 

 
failure to contest in a timely and appropriate manner, any proceeding or petition described in clause (1) above, (c) any application for or consent to by Parent or any Material Subsidiary of
the appointment of a receiver, receiver and manager, trustee, custodian, sequestrator, conservator, examiner or similar official for, Parent or any Material Subsidiary or for a substantial part of its assets, (d) Parent or any Material
Subsidiary filing an answer admitting the material allegations of a petition filed against it in any such proceeding, (e) Parent or any Material Subsidiary making a general assignment for the benefit of creditors or (f) Parent or any
Material Subsidiary taking any action for the purpose of effecting any of the foregoing. 
 “Issuers” has the meaning set
forth in the preamble. 
 “Lien” means with respect to any asset (a) any mortgage, deed of trust, lien,
statutory lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any
financing lease having substantially the same economic effect as any of the foregoing) relating to such asset. 
 “Material
Subsidiary” has the meaning set forth in the Existing First Priority Credit Agreement (as defined in the First Lien/Second Lien Intercreditor Agreement), as amended, supplemented or otherwise modified in accordance with its terms. 

“Modification” has the meaning set forth in Section 3.8(d)(1). 

“Mortgage” has the meaning set forth in Section 3.8(d)(1). 

“Mortgage Instruments” ” means each mortgage, deed of trust or other agreement which conveys or evidences a Lien in
favor of the Collateral Trustee, for the benefit of the Collateral Trustee and the Secured Parties, on real property of a Loan Party, including any amendment, restatement, modification or supplement thereto. 

“Mortgaged Property” has the meaning set forth in Section 3.8(d)(1). 

“Notes” has the meaning set forth in the recitals. 

“Note Documents” means the Indenture, the Notes and the Security Documents securing the Obligations in respect thereof. 

“Obligations” means all unpaid principal of and accrued and unpaid interest on any Funded Debt, all accrued and unpaid
fees and all expenses, reimbursements, indemnities and other obligations and indebtedness (including interest accruing during the pendency of any bankruptcy, insolvency, receivership, examinership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding), obligations and liabilities of any Grantor to any of the Secured Parties and the Collateral Trustee or any indemnified party, individually or collectively, existing on the date hereof or arising hereafter,
direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, arising or incurred under any Secured Debt Document or any
Security Document or in respect of any of the loans made or reimbursement or other obligations incurred or any of the letters of credit or other instruments at any time evidencing any thereof. 

  
 6 

 “Officer’s Certificate” means a certificate with respect to
compliance with a condition or covenant provided for in this Agreement, signed on behalf of Parent by an authorized officer of Parent (any certifications or representations therein in such authorized officer’s capacity and not in his or her
individual capacity), including: 
 (a)    a statement that the Person making such certificate has read
such covenant or condition; 
 (b)    a statement that, in the opinion of such Person (in such
Person’s capacity as an officer and not in his or her individual capacity), he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition
has been satisfied; and 
 (c)    a statement as to whether or not, in the opinion of such Person (in
such Person’s capacity as an officer and not in his or her individual capacity), such condition or covenant has been satisfied. 

“Parallel Debt” has the meaning set forth in Section 7.24(b). 

“Parent” has the meaning set forth in the preamble. 

“Permitted Prior Lien” means any Lien that has priority over the Lien granted to the Collateral Trustee for the
benefit of the Secured Parties and which Lien was permitted under the applicable Secured Debt Document. 
 “Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Priority Lien” means a Lien granted, or purported to be granted, by a Security Document to the Collateral Trustee, at
any time, upon any property of any Grantor to secure Secured Obligations. 
 “Reaffirmation Agreement” means an agreement
reaffirming the security interests granted to the Collateral Trustee in substantially the form attached as Exhibit 1 to Exhibit A of this Agreement. 

“Secured Debt” means: 

(1)    any Funded Debt incurred on the date hereof or hereafter under the Indenture (including any related
exchange notes) that was permitted to be incurred and secured under each applicable Secured Debt Document; 

(2)    any other Funded Debt that is secured by a Priority Lien and that was permitted to be incurred and
permitted to be so secured under each applicable Secured 

  
 7 

 
Debt Document; provided, in the case of any Funded Debt referred to in this clause (2), that: 

(a)    on or before the date on which such Funded Debt is incurred by the applicable Grantor, such Funded
Debt is designated by Parent as “Secured Debt” for the purposes of the Secured Debt Documents in an Additional Secured Debt Designation executed and delivered in accordance with Section 3.8(a); 

(b)    unless such Funded Debt is issued under an existing Secured Debt Document for any Series of Secured
Debt whose Secured Debt Representative is already party to this Agreement, the Secured Debt Representative for such Funded Debt executes and delivers a Collateral Trust Agreement Joinder in accordance with Section 3.8(b);
and 
 (c)    all other requirements set forth in Section 3.8 have been
complied with. 
 “Secured Debt Default” means the occurrence and continuance of any matured “Event of Default”
or similar term as defined in any of (i) the Indenture or (ii) any other Secured Debt Document, or any other event or condition that, under the terms of any credit agreement, indenture or other agreement governing any Series of Secured
Debt causes, or permits holders of Secured Debt or Dutch Parallel Debt Obligations outstanding thereunder to cause, the Secured Debt or Dutch Parallel Debt Obligations outstanding thereunder to become immediately due and payable, in each case, after
all applicable grace periods have expired. 
 “Secured Debt Documents” means the Indenture and any other indenture,
credit agreement or other agreement related to any Secured Debt. 
 “Secured Debt Representative” means: 

(a)    in the case of the Notes, the Indenture Trustee; and 

(b)    in the case of any other Series of Secured Debt, the trustee, agent or representative of the holders
of such Series of Secured Debt who maintains the transfer register for such Series of Secured Debt and is appointed as a representative of the Secured Debt (for purposes related to the administration of the Security Documents) pursuant to the credit
agreement, indenture or other agreement governing such Series of Secured Debt, and who has executed a Collateral Trust Agreement Joinder. 

“Secured Obligations” means (i) the Secured Debt and all Obligations in respect of Secured Debt, together with
all guarantees of any of the foregoing and (ii) with respect to Liens granted and created pursuant to the laws of the Netherlands, the Dutch Parallel Debt Obligations. 

“Secured Parties” means the holders of the Secured Obligations, each Secured Debt Representative and the Collateral Trustee.

  
 8 

 “Security Documents” means this Agreement, each Reaffirmation
Agreement, each Collateral Trust Agreement Joinder, and all security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security
executed and delivered by any Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Collateral Trustee, for the benefit of any of the Secured Parties, in each case, as amended, modified, renewed, restated or replaced, in
whole or in part, from time to time, in accordance with its terms and Section 7.1. 
 “Series of Secured
Debt” means, severally, the Secured Debt under (i) the Indenture and (ii) each other issue or series of Secured Debt for which a single transfer register is maintained. For the avoidance of doubt, all reimbursement
obligations in respect of letters of credit issued pursuant to a Secured Debt Document shall be part of the same Series of Secured Debt as all other Secured Debt incurred pursuant to such Secured Debt Document. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership,
association or other entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests
are, as of such date, owned, Controlled or held by such Person. 
 “Trust Estate” has the meaning set forth in
Section 2.1. 
 “UCC” means the Uniform Commercial Code as in effect from time to time in the
State of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the Uniform Commercial Code
or any other similar law as enacted and in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code or such other similar law as enacted and in effect in such other jurisdiction
solely for purposes of the provisions hereof relating to the creation or perfection of security interests and priority or remedies with respect thereto. 

Section 1.2    Other Definition Provisions. 

(a)    The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Exhibit references, are to this Agreement unless otherwise specified. References to any
Exhibit shall mean such Exhibit as amended or supplemented from time to time in accordance with this Agreement. 

(b)    The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of
such terms. 
 (c)    The expressions “payment in full,” “paid in full” and any other similar terms
or phrases when used herein shall mean payment in cash in immediately available funds. 
 (d)    The use herein of the
word “include” or “including,” when following any general statement, term or matter, shall not be construed to limit such statement, 

  
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term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting
language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible
scope of such general statement, term or matter. 
 (e)    All references herein to provisions of the UCC shall include
all successor provisions under any subsequent version or amendment to any Article of the UCC. 
 (f)    All terms used
in this Agreement that are defined in Article 9 of the UCC and not otherwise defined herein have the meanings assigned to them in Article 9 of the UCC. 

(g)    Notwithstanding anything to the contrary in this Agreement, any references contained herein to any section,
clause, paragraph, definition or other provision of the Indenture (including any definition contained therein) shall be deemed to be a reference to such section, clause, paragraph, definition or other provision as in effect on the date of this
Agreement as amended or modified from time to time if such amendment or modification has been made in accordance with the Indenture. Unless otherwise set forth herein, references to principal amount shall include, without duplication, any
reimbursement obligations with respect to a letter of credit and the face amount thereof (whether or not such amount is, at the time of determination, drawn or available to be drawn). 

This Agreement and the other Security Documents will be construed without regard to the identity of the party who drafted it and as though the
parties participated equally in drafting it. Consequently, each of the parties acknowledges and agrees that any rule of construction that a document is to be construed against the drafting party will not be applicable either to this Agreement or the
other Security Documents. 
 ARTICLE II 

THE TRUST ESTATE 

Section 2.1    Declaration of Trust. 

To secure the payment of the Secured Obligations, each of the Grantors hereby confirms the grants to the Collateral Trustee of, and the
Collateral Trustee hereby accepts and agrees to hold in trust under this Agreement for the benefit of all current and future Secured Parties a security interest in all of such Grantor’s right, title and interest in, to and under all Collateral
under any Security Document (collectively the “Trust Estate”). 
 The Collateral Trustee and its successors and assigns
under this Agreement will hold the Trust Estate in trust for the benefit solely and exclusively of all current and future Secured Parties as security for the payment of all present and future Secured Obligations. 

Notwithstanding the foregoing, if at any time: 

(1)    all Liens securing the Secured Obligations have been released as provided in
Section 4.1; 

  
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 (2)    the Collateral Trustee holds no other property
in trust as part of the Trust Estate; and 
 (3)    no monetary obligation (other than indemnification
and other contingent obligations for which no claim or demand for payment, whether oral or written, has been made at such time) is outstanding and payable under this Agreement to the Collateral Trustee or any of its
co-trustees or agents (whether in an individual or representative capacity); 
 then the trust
arising hereunder will terminate, except that all provisions set forth in Sections 7.9 and 7.10 that are enforceable by the Collateral Trustee or any of its co-trustees or
agents (whether in an individual or representative capacity) will remain enforceable in accordance with their terms. 
 The parties further
declare and covenant that the Trust Estate will be held and distributed by the Collateral Trustee subject to the further agreements herein. 

Section 2.2    Collateral Shared Equally and Ratably. Subject to Section 4.4, the
parties to this Agreement agree that the payment and satisfaction of all of the Secured Obligations will be secured equally and ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties under the
Security Documents, notwithstanding the time of incurrence of any Secured Obligations or the date, time, method or order of grant, attachment or perfection of any Liens securing such Secured Obligations and notwithstanding any provision of the UCC,
the time of incurrence of any Series of Secured Debt or the time of incurrence of any other Secured Obligation, or any other applicable law or any defect or deficiencies in, or failure to perfect or lapse in perfection of, or avoidance as a
fraudulent conveyance or otherwise of, the Liens securing the Secured Obligations or the subordination of such Liens to any other Liens, or any other circumstance whatsoever, whether or not any Insolvency or Liquidation Proceeding has been commenced
against any Grantor, it is the intent of the parties that, and the parties hereto agree for themselves and Secured Parties represented by them that all Secured Obligations will be and are secured equally and ratably by all Priority Liens at any time
granted by any Grantor to secure any Obligations in respect of any Series of Secured Debt, whether or not upon property otherwise constituting collateral for such Series of Secured Debt, and that all such Priority Liens will be enforceable by the
Collateral Trustee for the benefit of all Secured Parties equally and ratably; provided however, that notwithstanding the foregoing, this provision will not be violated with respect to any particular Collateral and any particular Series of Secured
Debt if the Secured Debt Documents in respect thereof prohibit the applicable Secured Parties from accepting the benefit of a Lien on any particular asset or property or such Secured Party otherwise expressly declines in writing to accept the
benefit of a Lien on such asset or property. 

  
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 ARTICLE III 

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE 

Section 3.1    Appointment and Undertaking of the Collateral Trustee 

(a)    Each Secured Debt Representative and each other Secured Party acting through its respective Secured Debt
Representative and/or by its acceptance of the benefits of the Security Documents hereby appoints Wilmington Trust, National Association (and any co-agents, sub-agents
or attorneys-in-fact appointed by the Collateral Trustee for any of the purposes listed below (and which shall be entitled to the benefit of the provisions of this
Agreement)) to serve as collateral trustee hereunder and under the Security Documents as provided herein and therein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will have, as collateral trustee, for the benefit solely
and exclusively of the present and future Secured Parties, in accordance with the terms of this Agreement and subject to applicable law, the power and authority to: 

(1)    accept, enter into, hold, maintain, administer and enforce all Security Documents, including all
Collateral subject thereto, and all Liens created thereunder, perform its obligations hereunder and under the Security Documents and protect, exercise and enforce the interests, rights, powers and remedies granted or available to it under, pursuant
to or in connection with the Security Documents; 
 (2)    take all lawful and commercially reasonable
actions permitted under the Security Documents that it may deem necessary or advisable to protect or preserve its interest in the Collateral subject thereto and such interests, rights, powers and remedies; 

(3)    deliver and receive notices pursuant to this Agreement and the Security Documents; 

(4)    sell, assign, collect, assemble, foreclose on, institute legal proceedings with respect to, or
otherwise exercise or enforce the rights and remedies of a secured party (including a mortgagee, trust deed beneficiary and insurance beneficiary or loss payee) with respect to the Collateral under the Security Documents and its other interests,
rights, powers and remedies; 
 (5)    remit as provided in Section 3.4 all
cash proceeds received by the Collateral Trustee from the collection, foreclosure or enforcement of its interest in the Collateral under the Security Documents or any of its other interests, rights, powers or remedies; 

(6)    execute and deliver (i) amendments and supplements to the Security Documents as may be
required or advisable from time to time and in accordance with Section 7.1 and (ii) acknowledgements of Collateral Trust Agreement Joinders delivered pursuant to Section 3.8, 3.9 or
7.18 hereof; 

  
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 (7)    promptly release any Lien granted to it by any
Security Document upon any Collateral if and as required by Section 3.2 or Article IV; and 

(8)    act or decline to act in connection with any enforcement of Liens as provided in
Section 3.3. 
 (b)    Each party to this Agreement acknowledges and consents and/or by its
acceptance of the benefits of the Security Documents hereby acknowledges and consents to the undertaking of the Collateral Trustee set forth in Section 3.1(a) and agrees to each of the other provisions of this Agreement
applicable to the Collateral Trustee. 
 (c)    Notwithstanding anything to the contrary contained in this Agreement,
the Collateral Trustee will not commence any exercise of remedies or any foreclosure actions or otherwise take any action or proceeding against any of the Collateral unless and until it shall have been directed in writing by an Act of Required
Secured Parties and then only in accordance with the provisions of this Agreement. 
 (d)    The Collateral Trustee is
authorized to enter into any Approved Intercreditor Agreement (and any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to, and extensions, restructuring, renewals, replacements of, such
agreements) in connection with the incurrence by any Grantor of any Funded Debt permitted by the terms of the applicable Secured Debt Documents to be secured by the Collateral on a pari passu or junior priority secured basis, in each case in order
to permit such Funded Debt to be secured by a valid, perfected Lien (with such priority as may be designated by such Grantor to the extent such priority is permitted by the applicable Secured Debt Documents), and the parties hereto acknowledge that
each Approved Intercreditor Agreement is (if entered into) binding upon them. 
 (e)    Notwithstanding anything to the
contrary contained in this Agreement, none of Parent, the other Grantors or any of their respective Affiliates may serve as Collateral Trustee. 

Section 3.2    Release or Subordination of Liens. The Collateral Trustee will not release or
subordinate any Lien granted in favor of the Collateral Trustee or consent to the release or subordination of any Lien granted in favor of the Collateral Trustee, except: 

(a)    other than as set forth in to clause (b) of this Section 3.2, solely with
respect to subordination, as directed by an Act of Required Secured Parties; 
 (b)    upon the reasonable request of
any Grantor, to subordinate any Lien in favor of the Collateral Trustee to the holder of any Permitted Prior Lien identified in Section 12.06 of the Indenture (and any corresponding section of any other Secured Debt Document); 

(c)    as required or permitted by Article IV; or 

(d)    as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent
jurisdiction. 

  
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 Section 3.3    Enforcement of Liens. If the Collateral
Trustee at any time receives written notice that any Secured Debt Default has occurred under any Secured Debt Document that entitles the Collateral Trustee to foreclose upon, collect or otherwise enforce its Liens under the Security Documents, the
Collateral Trustee will promptly deliver written notice thereof to each Secured Debt Representative. Thereafter, the Collateral Trustee may await direction by an Act of Required Secured Parties and will act, or decline to act, as directed by an Act
of Required Secured Parties, in the exercise and enforcement of the Collateral Trustee’s interests, rights, powers and remedies in respect of the Collateral or under the Security Documents or applicable law and, following the initiation of such
exercise of remedies, the Collateral Trustee will act, or decline to act, with respect to the manner of such exercise of remedies as directed by an Act of Required Secured Parties. Unless it has been directed to the contrary by an Act of Required
Secured Parties, the Collateral Trustee in any event may (but will not be obligated to) take or refrain from taking such action with respect to any Secured Debt Default as it may deem advisable and in the interest of the Secured Parties. 

Section 3.4    Application of Proceeds. 

(a)    The Collateral Trustee will apply the proceeds of any collection, sale, foreclosure or other realization upon, or
exercise of any right or remedy with respect to, any Collateral and the proceeds thereof, and the proceeds of any title insurance or other insurance policy required under any Secured Debt Document or otherwise covering the Collateral in the
following order of application: 
 FIRST, to the payment of all amounts payable under this Agreement on account of the
Collateral Trustee’s fees and any reasonable and documented out-of-pocket legal fees, costs and expenses or other liabilities of any kind incurred by, or owed to,
the Collateral Trustee or any co-trustee or agent of the Collateral Trustee in connection with performing its obligations under any Security Document or this Agreement (including, but not limited to,
indemnification obligations arising under this Agreement or any Security Document that are then due and payable); 
 SECOND,
to the repayment of obligations, other than the Secured Obligations, secured by a Permitted Prior Lien on the Collateral sold or realized upon to the extent that such other Lien has priority over the Priority Liens but only if such obligation is
discharged (in whole or in part) in connection with such sale; 
 THIRD, to the respective Secured Debt Representatives on a
pro rata basis for each Series of Secured Debt that are secured by such Collateral for application to the payment of all such outstanding Secured Debt and any such other Secured Obligations that are then due and payable and so secured (for
application in such order as may be provided in the Secured Debt Documents applicable to the respective Secured Obligations) in an amount sufficient to pay in full in cash all outstanding Secured Debt and all other Secured Obligations that are then
due and payable (including all interest and fees accrued thereon after the commencement of any Insolvency or Liquidation Proceeding at the rate, including any applicable post-default rate, specified in the Secured Debt Documents, even if such
interest is not enforceable, allowable or allowed as a claim in such proceeding, and including the 

  
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discharge or cash collateralization (at the lower of (1) 105% of the aggregate undrawn amount and (2) the percentage of the aggregate undrawn amount required for release of Liens under the
terms of the applicable Secured Debt Document) of all outstanding letters of credit constituting Secured Debt); and 

FOURTH, any surplus remaining after the payment in full in cash of amounts described in the preceding clauses will be paid to
Parent or the applicable Grantor, as the case may be, its successors or assigns, or to such other Persons as may be entitled to such amounts under applicable law or as a court of competent jurisdiction may direct. 

Notwithstanding the foregoing, if any Lien on any Collateral no longer secures the Obligations under any Series of Secured Debt as described
below in Section 4.4, then such Series of Secured Debt and any related Secured Obligations of that Series thereafter shall not be entitled to share in the proceeds of any such Collateral. 

(b)    This Section 3.4 is intended for the benefit of, and will be enforceable as a third
party beneficiary by, each present and future Secured Party. The Secured Debt Representative of each future Series of Secured Debt will be required to deliver a Collateral Trust Agreement Joinder as provided in Section 3.8
at the time of incurrence of such Series of Secured Debt. 
 (c)    In connection with the application of proceeds
pursuant to Section 3.4(a), except as otherwise directed by an Act of Required Secured Parties, the Collateral Trustee may sell any non-cash proceeds for cash prior to the application
of the proceeds thereof. 
 (d)    In making the determinations and allocations in accordance with
Section 3.4(a), the Collateral Trustee may conclusively rely upon information supplied by the relevant Secured Debt Representative as to the amounts of unpaid principal and interest and other amounts outstanding with
respect to its respective Secured Debt and any other Secured Obligations. 
 Notwithstanding the foregoing or the other terms of this
Agreement, the Collateral Trustee will apply the proceeds of any collection, sale, foreclosure or other realization upon, or exercise of any right or remedy with respect to any Lien created under Security Documents governed by the laws of the
Netherlands to secure Dutch Parallel Debt Obligations to the payment of such Dutch Parallel Debt Obligations, and in accordance with the relevant mandatory provisions of the laws of the Netherlands. 

Section 3.5    Powers of the Collateral Trustee. 

(a)    The Collateral Trustee is irrevocably authorized and empowered to enter into and perform its obligations and
protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Security Documents and applicable law and in equity and to act as set forth in this Article III or, subject to the other provisions
of this Agreement, as requested in any lawful directions given to it from time to time in respect of any matter by an Act of Required Secured Parties. 

  
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 (b)    In the absence of gross negligence or willful misconduct on the
part of any Secured Debt Representative or Secured Party (as determined by a court of competent jurisdiction by final and nonappealable judgment), no Secured Debt Representative or Secured Party (other than the Collateral Trustee) will have any
liability whatsoever for any act or omission of the Collateral Trustee. 
 Section 3.6    Documents and
Communications. The Collateral Trustee will permit each Secured Debt Representative and each Secured Party upon reasonable written notice from time to time to inspect and copy, at the cost and expense of the party requesting such copies, any and
all Security Documents and other documents, notices, certificates, instructions or communications received or delivered by the Collateral Trustee in its capacity as such. 

Section 3.7    For Sole and Exclusive Benefit of the Secured Parties. The Collateral Trustee will accept,
hold, administer and enforce all Liens on the Collateral at any time pledged and, if applicable, delivered to it and all other interests, rights, powers and remedies at any time granted to or enforceable by the Collateral Trustee and all other
property of the Trust Estate solely and exclusively for the benefit of the present and future Secured Parties, and will distribute all proceeds received by it in realization thereon or from enforcement thereof solely and exclusively pursuant to the
provisions of Section 3.4. 
 Section 3.8    Additional Secured Debt. 

(a)    The Collateral Trustee will, as collateral trustee hereunder, perform its undertakings set forth in this Agreement
with respect to any Secured Debt that is issued or incurred after the date hereof if the designated Secured Debt Representative identified pursuant to this Section 3.8 signs a Collateral Trust Agreement Joinder and delivers
the same to the Collateral Trustee; provided that, if such Funded Debt is issued under an existing Secured Debt Document for any Series of Secured Debt whose Secured Debt Representative is already party to this Agreement, no such Collateral
Trust Agreement Joinder shall be a condition to the performance by the Collateral Trustee of its undertakings set forth in this Agreement with respect to such Funded Debt. 

(b)    Parent will be permitted to designate as Secured Debt hereunder any Funded Debt that is incurred by any Grantor
after the date of this Agreement in accordance with the terms of the applicable Secured Debt Documents. Parent may only effect such designation by delivering to the Collateral Trustee an Additional Secured Debt Designation that: 

(1)    states that such Grantor intends to incur additional Funded Debt (“Additional Secured
Debt”) which will be Secured Debt not prohibited by any Secured Debt Document to be incurred and secured by a Priority Lien equally and ratably with all previously existing and future Secured Debt; 

(2)    specifies the name and address of the Secured Debt Representative (or, in the case of any
Additional Secured Debt of which there is a single holder, such holder) for such Additional Secured Debt for purposes of this Agreement including Section 7.6; 

  
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 (3)    states that such Grantor and any other Grantors
party thereto have duly authorized and executed (if applicable) all relevant filings and recordations to ensure that the Additional Secured Debt is secured by the Collateral in accordance with the Security Documents; and 

(4)    attaches as Exhibit 1 to such Additional Secured Debt Designation a Reaffirmation Agreement in
substantially the form attached as Exhibit 1 to Exhibit A of this Agreement, which Reaffirmation Agreement has been duly executed by each Grantor. 

Parent shall deliver a copy of the Additional Secured Debt Designation and the related Collateral Trust Agreement Joinder to each then
existing Secured Debt Representative; provided that the failure to do so shall not affect the status of such debt as Additional Secured Debt if the other requirements of this Section 3.8 are complied with. Notwithstanding
the foregoing, nothing in this Agreement will be construed to allow any Grantor to incur additional Funded Debt or Liens if prohibited by the terms of any Secured Debt Documents. 

Notwithstanding the foregoing, (x) the incurrence of revolving credit obligations under commitments that have previously been designated
as Secured Debt, (y) the issuance of letters of credit and incurrence of reimbursement obligations in respect thereof under commitments that have previously been designated as Secured Debt and (z) the incurrence of any incremental
facilities under any Credit Facility that constitutes Additional Secured Debt shall, in each case, automatically constitute Secured Debt and shall not require compliance with the procedures set forth in Section 3.8(a) and this
Section 3.8(b). 
 (c)    With respect to any Secured Debt that is issued or incurred after the date hereof, each
Grantor agrees to take such actions (if any) as necessary or as otherwise may from time to time reasonably be requested by the Collateral Trustee or any Secured Debt Representative and enter into such technical amendments, modifications and/or
supplements to the then existing Security Documents (or execute and deliver such additional Security Documents) as may from time to time be reasonably requested by such Persons (including as contemplated by clause (d) below), to ensure that the
Additional Secured Debt is secured by, and entitled to the benefits of, the relevant Security Documents, and each Secured Party (by its acceptance of the benefits hereof and the execution of this Agreement) hereby agrees to, and authorizes the
Collateral Trustee to enter into, any such technical amendments, modifications and/or supplements (and additional Security Documents). Each Grantor hereby further agrees that, if there are any recording, filing or other similar fees payable in
connection with any of the actions to be taken pursuant to this Section 3.8(c) or Section 3.8(d), all such amounts shall be paid by, and shall be for the account of, the Grantors, on a joint and
several basis. 

  
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 (d)    Without limitation of the foregoing, each Grantor agrees to take
the following actions with respect to any real property Collateral with respect to all Additional Secured Debt: 

(1)    each applicable Grantor shall enter into, and deliver to the Collateral Trustee a mortgage
modification (each such modification, a “Modification”) or new mortgage or deed of trust (only to the extent a new mortgage or deed of trust is required to effect such Modification) with regard to each real property located in the
United States of America subject to a mortgage or deed of trust (each such mortgage or deed of trust a “Mortgage,” and each such property a “Mortgaged Property”), with such changes as may be required to account for
local law matters, at the time of such incurrence, in proper form for recording in all applicable jurisdictions, in a form and substance reasonably satisfactory to the Collateral Trustee, and each applicable Grantor is jointly and severally liable
to pay all filing and recording fees and taxes, documentary stamp taxes and other taxes, charges and fees, if any, necessary for filing or recording in the recording office of each jurisdiction where such real property to be encumbered thereby is
situated; and 
 (2)    in connection with any Modification required under clause (1) above, Parent
or the applicable Grantor will cause to be delivered such Mortgage Instruments as reasonably requested by the Collateral Trustee. 

ARTICLE IV 

OBLIGATIONS ENFORCEABLE BY THE GRANTORS 

Section 4.1    Release of Liens on Collateral. 

(a)    The Collateral Trustee’s Liens upon the Collateral will be automatically, and without the need for any consent
or approval of any Secured Party or the Collateral Trustee (except as contemplated by clauses (5) and (6) below), released in any of the following circumstances: 

(1)    in whole, upon Discharge of Secured Obligations; 

(2)    as to any Collateral that is sold, transferred or otherwise disposed of (other than by lease or
license) by Parent or any other Grantor in a transaction or other circumstance which is not prohibited by, and, to the extent applicable, in accordance with, all applicable Secured Debt Documents at the time of such sale, transfer or other
disposition or to the extent of such Collateral sold, transferred or otherwise disposed of; 
 (3)    as
to any Collateral sold in a foreclosure or similar transaction or in connection with any other exercise of remedies in accordance with the terms of this Agreement and the other Security Documents; 

(4)    as to any property of a Grantor that becomes an Excluded Asset; 

  
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 (5)    as to a release of less than all or
substantially all of the Collateral (other than pursuant to clause (1), (2), (3) or (4) above), if directed by an Act of Required Secured Parties; and 

(6)    as to a release of all or substantially all of the Collateral (other than pursuant to clause
(1) above), if consent to release of that Collateral has been given by the Secured Debt Representatives representing the requisite percentage or number of holders of each Series of Secured Debt at the time outstanding as provided for in the
applicable Secured Debt Documents and such release has become effective in accordance with such consent. 
 (b)    A
Grantor shall be automatically released from its obligations under this Agreement and the other Security Documents and the Collateral Trustee’s Liens upon the Collateral of such Grantor and the capital stock or other equity interests of such
Grantor shall be automatically released if such Grantor (x) ceases to be a Restricted Subsidiary (as defined in each applicable Secured Debt Document) or (y) becomes an Excluded Subsidiary (as defined in each applicable Secured Debt
Document); provided that Parent has elected for such Excluded Subsidiary to be released in accordance with the Indenture. 

(c)    The Collateral Trustee agrees for the benefit of Parent and the other Grantors that if the Collateral Trustee at
any time receives: 
 (1)    an Officer’s Certificate stating that the conditions precedent in this
Agreement and all other Secured Debt Documents, if any, relating to the release of the applicable Collateral have been complied with; 

(2)    the proposed instrument or instruments releasing such Lien as to such property in recordable form,
if applicable; and 
 (3)    in the case of a release requested pursuant to
Section 4.1(a)(5) or Section 4.1(a)(6), the written confirmation of each Secured Debt Representative that consent from the applicable Secured Parties that are required to consent to such release
has been obtained; 
 then the Collateral Trustee will promptly (i) execute (with such acknowledgements and/or notarizations as are required), deliver
and provide Parent or such Grantor (or its designee or counsel) authorization to file (if applicable) such releases and such other documents (including UCC termination statements, reconveyances and customary
pay-off letters) as Parent or such Grantor may reasonably request to evidence and effectuate such release to Parent or such Grantor and (ii) take such other actions (including return of any Collateral to
Parent or such Grantor) as Parent or such Grantor may reasonably request in connection with such release, in each case, on or prior to the later of (x) the date specified in such request for such release and (y) the fifth Business Day
after the date of receipt of the items required by this Section 4.1(c) by the Collateral Trustee. 

(d)    The Collateral Trustee hereby agrees that in the case of any release pursuant to clause (2) of
Section 4.1(a), if the terms of any such sale, transfer or other disposition require the payment of the purchase price to be contemporaneous with the delivery of the 

  
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applicable release, then, at the written request of and at the expense of Parent or other applicable Grantor, the Collateral Trustee will deliver the release under customary escrow or other
arrangements that permit such contemporaneous payment and delivery of the release. 
 Section 4.2    Delivery of
Copies to Secured Debt Representatives. The Collateral Trustee will deliver to each Secured Debt Representative a copy of each document delivered to the Collateral Trustee pursuant to Section 4.1(c). The Secured Debt
Representatives will not be obligated to take notice thereof or to act thereon. 
 Section 4.3    Preparing,
Filing or Recording Release Documentation. In connection with any release of Collateral or any Grantor pursuant to Section 4.1(a) or (b), the Collateral Trustee shall, promptly upon the request of Parent or the
applicable Grantor, (i) execute, and deliver all agreements, instruments or documents to effect such release and (ii) provide to Parent or the applicable Grantor (or its designee or counsel) authorization to serve, file, register or record
any such agreement, instrument or document. 
 Section 4.4    Satisfaction of Obligations in Respect of any
Series of Secured Debt. 
 (a)    Satisfaction of Obligations in Respect of the Notes. Notwithstanding
anything herein to the contrary, in addition to any release pursuant to Section 4.1 hereof, the Collateral Trustee’s Priority Lien will no longer secure the Notes outstanding under the Indenture or any other
Obligations under the Indenture, and the right of the holders of the Notes and such Obligations to the benefits and proceeds of the Collateral Trustee’s Priority Lien on the Collateral will automatically terminate and be discharged: 

(1)    upon satisfaction and discharge of the Indenture as set forth under Article 11 of the Indenture;

 (2)    upon a Legal Defeasance or Covenant Defeasance (each as defined under the Indenture) of the
Notes as set forth under Article 8 of the Indenture; 
 (3)    upon payment in full and discharge of all
Notes outstanding under the Indenture and all Obligations that are outstanding, due and payable under the Indenture at the time the Notes are paid in full and discharged; 

(4)    upon occurrence of the Fall Away Date (as defined in the Indenture) under Section 4.20 of the
Indenture; or 
 (5)    in whole or in part, with the consent of the holders of the requisite percentage
of Notes in accordance with Article 9 of the Indenture. 
 (b)    Satisfaction of Obligations in Respect of any
Series of Secured Debt other than the Notes. Notwithstanding anything herein to the contrary, in addition to any release pursuant to Section 4.1 hereof, (i) as to any Series of Secured Debt (other than the Notes),
the Collateral Trustee’s Priority Lien automatically will no longer secure such Series of Secured Debt if the requirements of a Discharge of Secured Obligations are satisfied with respect to such Series of Secured Debt. 

  
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 (c)    The Collateral Trustee shall not be deemed to have knowledge of
any Discharge of Secured Obligations with respect to any Series of Secured Debt unless and until written notice thereof is delivered by the applicable Secured Debt Representative to the Collateral Trustee. 

ARTICLE V 

IMMUNITIES OF THE COLLATERAL TRUSTEE 

Section 5.1    No Implied Duty. The Collateral Trustee will not have any fiduciary duties or other implied
duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security Documents. The Collateral Trustee will not be required to take any action that is contrary to applicable law or
any provision of this Agreement or the other Security Documents. It is understood and agreed that the use of the term “trustee” herein or in any other Security Document (or any other similar term) with reference to a Collateral Trustee is
not intended to connote any fiduciary or other implied (or express) obligations arising under agency or trustee doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an
administrative relationship between contracting parties 
 Section 5.2    Appointment of Agents and
Advisors. The Collateral Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, attorneys, accountants, appraisers or other experts or advisors selected by it in good
faith as it may reasonably require and will not be responsible for any misconduct or negligence on the part of any of them. 

Section 5.3    Other Agreements. 

(a)    The Collateral Trustee has accepted its appointment as Collateral Trustee hereunder. The Collateral Trustee is
authorized and directed (i) to execute and deliver the Security Documents executed by the Collateral Trustee as of the date of this Agreement as well as any additional Security Documents from time to time that are required
hereunder or reasonably requested by a Grantor or a Secured Debt Representative and is (or will be) bound by all such Security Documents upon effectiveness thereof and the Collateral Trustee shall execute all such Security Documents and (ii) in
order to perfect the security interest to the Collateral Trustee on behalf of the Secured Parties granted by the Grantors on the Collateral held by such Grantors and in accordance with the terms of this Agreement, to execute, deliver and/or file or
record (if applicable) any such Security Documents, instruments, financing statements or other documents with the applicable government body; provided, however, that such additional Security Documents do not adversely affect the rights,
privileges, benefits and immunities of the Collateral Trustee. The Collateral Trustee will not otherwise be bound by, or be held obligated by, the provisions of any credit agreement, indenture or other agreement governing Secured Debt (other
than this Agreement and the other Security Documents to which it is a party). In acting under any Security Document, the Collateral Trustee shall enjoy all the rights, protections, 

  
 21 

 
immunities and indemnities granted to it hereunder. To the extent applicable, the Collateral Trustee shall enjoy the same rights, protections, immunities and indemnities afforded to it under the
Secured Debt Documents as agent of (or otherwise being appointed to act for the benefit of) the related Secured Debt Representative or Secured Parties in acting hereunder. 

(b)    Upon receipt of a Collateral Trust Agreement Joinder, the Collateral Trustee shall execute the same. 

Section 5.4    Solicitation of Instructions. 

(a)    As to any matter not expressly provided for by this Agreement or the other Security Documents, the Collateral
Trustee may at any time solicit written confirmatory instructions, in the form of an Act of Required Secured Parties, an Officer’s Certificate or an order of a court of competent jurisdiction, as to any action that it may be requested or
required to take, or that it may propose to take, in the performance of any of its obligations under this Agreement or the other Security Documents. 

(b)    No written direction given to the Collateral Trustee by an Act of Required Secured Parties that in the sole
judgment of the Collateral Trustee imposes, purports to impose or might reasonably be expected to impose upon the Collateral Trustee any obligation or liability not set forth in or arising under this Agreement and the other Security Documents will
be binding upon the Collateral Trustee unless the Collateral Trustee elects, at its sole option, to accept such direction. For the avoidance of doubt, Sections 7.9 and 7.10 shall apply with regard to any action taken by the Collateral Trustee in
compliance with such request or direction. 
 Section 5.5    Limitation of Liability. The Collateral Trustee
will not be responsible or liable for any action taken or omitted to be taken by it hereunder or under any other Security Document, except for its own negligence or willful misconduct as determined by a court of competent jurisdiction by final and
nonappealable judgment. In no event shall the Collateral Trustee be responsible or liable for punitive, special, indirect, or consequential loss or damage of any kind whatsoever (including loss of profit) arising out of or in connection with this
Agreement or any other Security Document or any agreement or transaction contemplated hereby irrespective of whether the Collateral Trustee has been advised of the likelihood of such loss or damage and regardless of the form of actions; provided
that such limitation of liability shall not be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of the Collateral Trustee or any of its Affiliates. The Collateral Trustee shall in no event be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services. 

Section 5.6    Documents in Satisfactory Form. The Collateral Trustee will be entitled to require that all
agreements, certificates, opinions, instruments and other documents at any time submitted to it, including those expressly provided for in this Agreement, be delivered 

  
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to it in a form and with substantive provisions reasonably satisfactory to it; provided that in no event shall the Collateral Trustee be deemed to be making a representation as to the accuracy,
adequacy or sufficiency of such document. 
 Section 5.7    Entitled to Rely. The Collateral Trustee may
seek and conclusively rely upon, and shall be fully protected in relying upon, any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon
any certification, instruction, notice or other writing delivered to it by Parent or any other Grantor in compliance with the provisions of this Agreement or delivered to it by any Secured Debt Representative as to the Secured Parties for whom it
acts, without being required to determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Trustee may act in reliance upon any instrument comporting with the
provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions
hereof or the other Security Documents has been duly authorized to do so. To the extent an Officer’s Certificate is required or permitted under this Agreement to be delivered to the Collateral Trustee in respect of any matter, the Collateral
Trustee may rely conclusively on such Officer’s Certificate as to such matter and such Officer’s Certificate shall be full warranty and protection to the Collateral Trustee for any action taken, suffered or omitted by it under the
provisions of this Agreement and the other Security Documents with respect to the transaction specified in such Officer’s Certificate. 

Section 5.8    Secured Debt Default. The Collateral Trustee will not be required to inquire as to the
occurrence or absence of any Secured Debt Default and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any Secured Debt Default unless and until it is directed by an Act of Required Secured Parties. For
the avoidance of doubt, and notwithstanding anything to the contrary herein, the Collateral Trustee shall not be subject to, or bound by, the terms and provisions of any documents to which it is not a party, and shall not be deemed to have knowledge
of the terms and provisions of any document to which it is not a party. 
 Section 5.9    Actions by Collateral
Trustee. As to any matter not expressly provided for by this Agreement or the other Security Documents, the Collateral Trustee will act or refrain from acting as directed by an Act of Required Secured Parties and will be fully protected if it
does so, and any action taken, suffered or omitted pursuant hereto or thereto shall be binding on the Secured Parties. 

Section 5.10    Security or Indemnity in favor of the Collateral Trustee. The Collateral Trustee will not be
required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to
it against any and all liability, loss, fee or expense which may be incurred by it by reason of taking or continuing to take such action. 

Section 5.11    Rights of the Collateral Trustee. In the event of any conflict between any terms and
provisions set forth in this Agreement and those set forth in any other 

  
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Security Document, the terms and provisions of this Agreement shall supersede and control the terms and provisions of such other Security Document with respect to the priority of the Liens
created by the Security Documents and the rights and remedies of the Collateral Trustee. In the event there is any bona fide, good faith disagreement between the other parties to this Agreement or any of the other Security Documents resulting in
adverse claims being made in connection with Collateral held by the Collateral Trustee and the terms of this Agreement or any of the other Security Documents do not unambiguously mandate the action the Collateral Trustee is to take or not to take in
connection therewith under the circumstances then existing, or the Collateral Trustee is in doubt as to what action it is required to take or not to take hereunder or under the other Security Documents, it will be entitled to refrain from taking any
action (and will incur no liability for doing so) until directed otherwise in writing by a request signed jointly by the parties hereto entitled to give such direction or by order of a court of competent jurisdiction. 

Section 5.12    Limitations on Duty of Collateral Trustee in Respect of Collateral. 

(a)    Beyond the exercise of reasonable care in the custody of Collateral in its possession, the Collateral Trustee will
have no duty as to any Collateral in its possession or control or in the possession or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto and the
Collateral Trustee will not be responsible for filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any Liens on
the Collateral; provided, however, that, notwithstanding the foregoing, the Collateral Trustee will execute, file or record UCC-3 continuation statements and other documents and instruments to preserve,
protect or perfect the security interests granted to the Collateral Trustee (subject to the priorities set forth herein) if it shall receive a specific written request to execute, file or record the particular continuation statement or other
specific document or instrument by any Secured Debt Representative. The Collateral Trustee shall deliver to each other Secured Debt Representative a copy of any such written request. The Collateral Trustee will be deemed to have exercised reasonable
care in the custody of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which it accords its own property, and the Collateral Trustee will not be liable or responsible for any loss or diminution in
the value of any of the Collateral by reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Collateral Trustee in good faith. 

(b)    Except as provided in Section 5.12(a), the Collateral Trustee will not be responsible
for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on
its part hereunder, except to the extent such action or omission constitutes gross negligence or willful misconduct on the part of the Collateral Trustee as determined by a court of competent jurisdiction by final and nonappealable judgment, for the
validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of any Grantor to the Collateral, for insuring the Collateral or for the payment of taxes, charges, assessments or Liens upon
the Collateral or otherwise as to the maintenance of the Collateral. The Collateral Trustee hereby disclaims any representation or warranty to the current and future holders of the Secured Obligations concerning the perfection of the security
interests granted to it or in the value of any Collateral. 

  
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 Section 5.13    Assumption of Rights, Not Assumption of
Duties. Notwithstanding anything to the contrary contained herein: 
 (1)    each of the parties
thereto (other than the Collateral Trustee) will remain liable under each of the Security Documents (other than this Agreement) to the extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent
as if this Agreement had not be executed; 
 (2)    the exercise by the Collateral Trustee of any of its
rights, remedies or powers hereunder will not release such parties from any of their respective duties or obligations under the other Security Documents; and 

(3)    the Collateral Trustee will not be obligated to perform any of the obligations or duties of any of
the parties to the Security Documents other than the obligations and duties of the Collateral Trustee. 

Section 5.14    No Liability for Clean-Up of Hazardous Materials. In
the event that the Collateral Trustee is required to acquire title to an asset for any reason, or take any managerial action of any kind in regard thereto, in order to carry out any fiduciary or trust obligation for the benefit of another, which in
the Collateral Trustee’s sole discretion may cause the Collateral Trustee to be considered an “owner or operator” under any environmental laws or otherwise cause the Collateral Trustee to incur, or be exposed to, any environmental
liability or any liability under any other federal, state or local law, the Collateral Trustee reserves the right, instead of taking such action, either to resign as Collateral Trustee or to arrange for the transfer of the title or control of the
asset to a court appointed receiver. The Collateral Trustee will not be liable to any Person for any environmental liability or any environmental claims or contribution actions under any federal, state or local law, rule or regulation by reason of
the Collateral Trustee’s actions and conduct as authorized, empowered and directed hereunder or relating to any kind of discharge or release or threatened discharge or release of any hazardous materials into the environment. 

Section 5.15    Act of Required Secured Party, etc. 

(a)    At the request of the Collateral Trustee, each Secured Debt Representative shall provide any information requested
by the Collateral Trustee in order to determine whether any act, direction or vote of holders of Secured Debt meets the definition of “Act of Required Secured Parties”. Each such Secured Debt Representative shall be required to
determine whether any Secured Debt is held by Parent or any Affiliate of a Grantor for purposes of clauses (i) and (ii) of the definition of “Act of Required Secured Parties.” 

(b)    The Collateral Trustee shall not be deemed to have knowledge of any Discharge of Secured Obligations unless and
until written notice thereof is delivered to the Collateral Trustee pursuant to Section 7.7. 

  
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 (c)    The Collateral Trustee shall be entitled to conclusively rely on
the information provided by each such Secured Debt Representative pursuant to this Section 5.15. 
 ARTICLE VI

 RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE 

Section 6.1    Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor
Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee: 

(a)    the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each
Secured Debt Representative and Parent; and 
 (b)    the Collateral Trustee may be removed at any time, with or
without cause, by an Act of Required Secured Parties. 
 Section 6.2    Appointment of Successor Collateral
Trustee. Upon any such resignation or removal, a successor Collateral Trustee may be appointed by an Act of Required Secured Parties (with the consent of Parent, such consent not to be unreasonably withheld or delayed); provided that no such
consent shall be required upon the occurrence of a Secured Debt Default. If no successor Collateral Trustee has been so appointed and accepted such appointment within 30 days after the predecessor Collateral Trustee gave notice of resignation or was
removed, the retiring Collateral Trustee may (at the expense of Parent), at its option, appoint a successor Collateral Trustee, or petition a court of competent jurisdiction for appointment of a successor Collateral Trustee, which must be a bank or
trust company: 
 (1)    authorized to exercise corporate trust powers; 

(2)    having a combined capital and surplus of at least $500,000,000; 

(3)    maintaining an office in New York, New York; 

(4)    reasonably satisfactory to Parent. 

The Collateral Trustee will fulfill its obligations hereunder until a successor Collateral Trustee meeting the requirements of this
Section 6.2 has accepted its appointment as Collateral Trustee and the provisions of Section 6.3 have been satisfied. 

Section 6.3    Succession. When the Person so appointed as successor Collateral Trustee accepts such
appointment: 
 (1)    such Person will succeed to and become vested with all the rights, powers,
privileges and duties of the predecessor Collateral Trustee, and the predecessor Collateral Trustee will be discharged from its duties and obligations hereunder; 

  
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 (2)    the predecessor Collateral Trustee will (at the
expense of Parent) promptly transfer all Liens and collateral security and other property of the Trust Estate within its possession or control to the possession or control of the successor Collateral Trustee and will execute instruments and
assignments as may be necessary or desirable or reasonably requested by the successor Collateral Trustee to transfer to the successor Collateral Trustee all Liens, interests, rights, powers and remedies of the predecessor Collateral Trustee in
respect of the Security Documents or the Trust Estate; and 
 (3)    the predecessor Collateral Trustee
will transfer its rights under the Parallel Debt to the successor Collateral Trustee. 
 Thereafter the predecessor Collateral Trustee will remain entitled
to enforce the immunities granted to it in Article V and the provisions of Sections 7.9 and 7.10. 

Section 6.4    Merger, Conversion or Consolidation of Collateral Trustee. Any Person into which the Collateral
Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Collateral Trustee shall be a party, or any Person succeeding to the business of the
Collateral Trustee shall be the successor of the Collateral Trustee pursuant to Section 6.3; provided that (i) without the execution or filing of any paper with any party hereto or any further act on the part of any of
the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses
(1) through (4) of Section 6.2 and (ii) prior to any such merger, conversion or consolidation, the Collateral Trustee shall have notified Parent and each Secured Debt Representative thereof in writing. 

ARTICLE VII 

MISCELLANEOUS PROVISIONS 

Section 7.1    Amendment. 

(a)    No amendment, supplement or waiver to the provisions of any Security Document will be effective without the
approval of the Collateral Trustee (solely with respect to amendments of the type described in clauses (2)(A) and (B) below, acting as directed by an Act of Required Secured Parties), and in connection with any of the following, without the
approval of the parties specified therein (which approval should be deemed provided upon such parties delivery of an executed counterpart of such amendment): 

(1)    any amendment, supplement or waiver that has the effect solely of: 

(A)    adding or maintaining Collateral, securing additional Secured Obligations that are otherwise not
prohibited by the terms of any Secured Debt Document to be secured by the Collateral or preserving, perfecting or establishing the Liens thereon or the rights of the Collateral Trustee therein; or 

  
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 (B)    providing for the assumption of any
Grantor’s obligations under any Secured Debt Document in the case of a merger or consolidation or sale of all or substantially all of the assets of such Grantor to the extent not prohibited by the terms of any applicable Secured Debt Document,

 will become effective when (x) executed and delivered to the Collateral Trustee (which shall sign the same promptly upon receipt) by
Parent or any other applicable Grantor party thereto and (y) executed by the Collateral Trustee in accordance with the foregoing clause (x); 

(2)    no amendment, supplement or waiver that reduces, impairs or adversely affects the right of any
Secured Party: 
 (A)    to vote its outstanding Secured Debt as to any matter described as subject to
an Act of Required Secured Parties (or amends the provisions of this Section 7.1(a) (2) or the definition of “Act of Required Secured Parties”); 

(B)    to share in the order of application described in Section 3.4 in the
proceeds of enforcement of or realization on any Collateral that has not been released in accordance with the provisions described in Section 4.1 or 4.4; 

(C)    to require that Liens securing Secured Obligations be released only as set forth in the provisions
described in Section 4.1 or 4.4; or 
 (D)    under this
Section 7.1, 
 will become effective without the consent of each Secured Debt Representative (acting in accordance
with the applicable Secured Debt Documents) of each Series of Secured Debt so affected under the applicable Secured Debt Documents; and 

(3)    no amendment or supplement that imposes any obligation upon the Collateral Trustee or any Secured
Debt Representative or adversely affects the rights of the Collateral Trustee or any Secured Debt Representative, respectively, in its capacity as such will become effective without the consent of the Collateral Trustee or such Secured Debt
Representative, respectively. 
 (b)    The Collateral Trustee will not enter into any amendment, supplement or waiver
unless it has received an Officer’s Certificate to the effect that such amendment, supplement or waiver will not result in a breach of any provision or covenant contained in any of the Secured Debt Documents; provided that this clause
(b) shall not apply to any Collateral Trust Agreement Joinder delivered pursuant to Section 7.18. 

(c)    Notwithstanding anything to the contrary herein, following the date hereof, the Security Documents and any related
documents may be amended, supplemented 

  
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and/or waived at the request of Parent or at the direction of the Collateral Trustee, in each case, in accordance with the terms of any applicable Secured Debt Documents without obtaining an Act
of Required Secured Parties if such amendment or waiver is to (x) comply with local law or advice of local counsel, (y) fix ambiguities, omissions or defects or (z) cause this Agreement, such Security Documents or such other
agreements or documents to be consistent with this Agreement and/or one or more Secured Debt Documents, as applicable. 

(d)    For the avoidance of doubt, a Collateral Trust Agreement Joinder (and any amendments or supplements to the
Security Documents required in connection with such Collateral Trust Agreement Joinder) shall not constitute an amendment, supplement or waiver for purposes of this Section 7.1. 

Section 7.2    Voting. In connection with any matter under this Agreement requiring a vote of holders of
Secured Debt, each Series of Secured Debt will cast its votes in accordance with the Secured Debt Documents governing such Series of Secured Debt. The amount of Secured Debt to be voted by a Series of Secured Debt will equal (1) the aggregate
principal amount of Secured Debt held by such Series of Secured Debt (including outstanding letters of credit whether or not then available or drawn), plus (2) other than in connection with an exercise of remedies, the aggregate unfunded
commitments to extend credit which, when funded, would constitute Funded Debt of such Series of Secured Debt. Following and in accordance with the outcome of the applicable vote under its Secured Debt Documents, the Secured Debt Representative of
each Series of Secured Debt will cast all of its votes under that Series of Secured Debt as a block in respect of any vote under this Agreement. 

Section 7.3    Further Assurances. 

(a)    Parent and each of the other Grantors will do or cause to be done all acts and things that may be required, or that
the Collateral Trustee from time to time may reasonably request, to assure and confirm that the Collateral Trustee holds, for the benefit of the Secured Parties, duly created and enforceable and perfected Liens upon the Collateral (including any
property or assets that are acquired or otherwise become, or are required by any Secured Debt Document to become, Collateral after the date hereof), in each case as contemplated by, and with the Lien priority required under, the Secured Debt
Documents. 
 (b)    Upon the reasonable request of the Collateral Trustee at any time and from time to time, each
Grantor will promptly execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as may be reasonably required, or that the Collateral Trustee may reasonably request,
to create, perfect, protect, assure or enforce the Liens and benefits intended to be conferred, in each case as contemplated by the Secured Debt Documents or Security Documents for the benefit of the Secured Parties. 

Section 7.4    Successors and Assigns. 

(a)    Except as provided in Section 5.2, the Collateral Trustee may not, in its capacity as
such, delegate any of its duties or assign any of its rights hereunder, and any attempted delegation or assignment of any such duties or rights will be null and void. All 

  
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obligations of the Collateral Trustee hereunder will inure to the sole and exclusive benefit of, and be enforceable by, each Secured Debt Representative and each present and future holder of
Secured Obligations, each of whom will be entitled to enforce this Agreement as a third-party beneficiary hereof, and all of their respective successors and assigns. 

(b)    Except in connection with a transaction permitted by the applicable Secured Debt Documents, neither Parent nor any
other Grantor may delegate any of its duties or assign any of its rights hereunder, and any attempted delegation or assignment of any such duties or rights will be null and void. All obligations of Parent and the other Grantors hereunder will inure
to the sole and exclusive benefit of, and be enforceable by, the Collateral Trustee, each Secured Debt Representative and each present and future holder of Secured Obligations, each of whom will be entitled to enforce this Agreement as a third-party
beneficiary hereof, and all of their respective successors and assigns. 
 Section 7.5    Delay and Waiver.
No failure to exercise, no course of dealing with respect to the exercise of, and no delay in exercising, any right, power or remedy arising under this Agreement or any of the other Security Documents will impair any such right, power or remedy or
operate as a waiver thereof. No single or partial exercise of any such right, power or remedy will preclude any other or future exercise thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not
exclusive of any remedies provided by law. 
 Section 7.6    Notices. Any communications, including notices
and instructions, between the parties hereto or notices provided herein to be given may be given to the following addresses: 
 If to the
Collateral Trustee: 
 Wilmington Trust, National Association 

1100 North Market Street 

Wilmington, Delaware 19890 

Attention: Andrew Lennon 

Telephone: 302-636-6473 

Fax: 302-636-4145 

If to Parent or any other Grantor: 

1400 Atwater Drive 
 Malvern,
Pennsylvania 19355 
 United States 

Attention: Chief Legal Officer 

Telecopy Number: (484) 713-5204 

If to the Indenture Trustee: 

Wells Fargo Bank, National Association 

150 East 42nd Street, 40th floor 

New York, NY 10017 
 Fax: (917) 260-1593 
 Attention: Corporate Trust Services – Administrator for Endo 9.5% Senior Secured Second
Lien Notes due 2027 

  
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 and if to any other Secured Debt Representative, to such address as it may specify by written notice to the
parties named above. 
 Any of the foregoing parties may specify a different or an additional address to which notices should be sent under
this Agreement by sending other parties written notice of the new or additional address in the manner provided in this Section. 
 All
notices and communications will be transmitted by electronic mail, telecopy or by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to the relevant electronic mail
address, fax number or address set forth above or, as to holders of Secured Debt, its contact information shown on the register kept by the office or agency where the relevant Secured Debt may be presented for registration of transfer or for
exchange. To the extent applicable, any notice or communication will also be so transmitted by the Indenture Trustee to any Person described in § 313(c) of the Trust Indenture Act of 1939, as amended, to the extent required thereunder.
Failure to transmit a notice or communication to a holder of Secured Debt or any defect in it will not affect its sufficiency with respect to other holders of Secured Debt. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 
 Section 7.7    Notice Following Discharge of Secured Obligations. Promptly following the
Discharge of Secured Obligations with respect to one or more Series of Secured Debt, each Secured Debt Representative with respect to each applicable Series of Secured Debt that is so discharged will provide written notice of such discharge to the
Collateral Trustee and to each other Secured Debt Representative. 
 Section 7.8    Entire Agreement. This
Agreement states the complete agreement of the parties relating to the undertaking of the Collateral Trustee set forth herein and supersedes all oral negotiations and prior writings in respect of such undertaking. 

Section 7.9    Compensation; Expenses. The Grantors agree to pay, promptly upon demand: 

(a)    such compensation to the Collateral Trustee and its agents as Parent and the Collateral Trustee may agree in
writing on the date hereof; and 
 (b)    jointly and severally, no later than fifteen (15) days after written
demand therefor: 
 (1)    all reasonable, documented out-of-pocket costs and expenses incurred by the Collateral Trustee and its agents in the preparation, execution, delivery, filing, recordation, administration or enforcement of this Agreement or any other
Security Document or any consent, amendment, waiver or other modification relating hereto or thereto; 

  
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 (2)    all reasonable, documented out-of-pocket fees, expenses and disbursements of legal counsel and any auditors, accountants, consultants or appraisers or other professional advisors and agents engaged by
the Collateral Trustee incurred in connection with (i) the negotiation, preparation, closing, administration, performance or enforcement of this Agreement and the other Security Documents (or any consent, amendment, waiver or other modification
relating hereto or thereto and any other document or matter requested by Parent or any other Grantor), (ii) the transactions contemplated thereby and (iii) the exercise of rights or performance of obligations of the Collateral Trustee
thereunder; provided, however, that in no event shall the Grantors be obligated to pay fees and expenses for more than one primary counsel to the Collateral Trustee (and up to one local counsel in each applicable jurisdiction and
regulatory counsel); 
 (3)    all reasonable, documented out-of-pocket costs and expenses incurred by the Collateral Trustee and its agents in creating, perfecting, preserving, releasing or enforcing the Collateral Trustee’s Liens on the Collateral, including
filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, and title insurance premiums; 

(4)    subject to the proviso in clause (2), after the occurrence of any Secured Debt Default, all
reasonable, documented out-of-pocket costs and expenses incurred by the Collateral Trustee and its agents in connection with the preservation, collection, foreclosure or
enforcement of the Collateral subject to the Security Documents or any interest, right, power or remedy of the Collateral Trustee or in connection with the collection or enforcement of any of the Secured Obligations or the proof, protection,
administration or resolution of any claim based upon the Secured Obligations in any Insolvency or Liquidation Proceeding, including all reasonable, documented
out-of-pocket fees and disbursements of attorneys, accountants, auditors, consultants, appraisers and other professionals engaged by the Collateral Trustee and its
agents. 
 The agreements in this Section 7.9 will survive repayment of all other Secured Obligations and the
removal or resignation of the Collateral Trustee. 
 Section 7.10    Indemnity. 

(a)    The Grantors jointly and severally agree to defend, indemnify, pay and hold harmless the Collateral Trustee and its
Affiliates and each and all of the directors, officers, partners, trustees, employees, attorneys and agents, and (in each case) their respective heirs, representatives, successors and assigns (each of the foregoing, an “Indemnitee”)
from and against any and all Indemnified Liabilities, regardless of whether such claim is asserted by any Secured Party, Secured Debt Representative or Grantor; provided that no Indemnitee will be entitled to indemnification hereunder with
respect to any Indemnified Liability to the extent such Indemnified Liability is found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee.

  
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 (b)    All amounts due under this
Section 7.10 will be payable not later than fifteen (15) days upon written demand therefore. 

(c)    To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in
Section 7.10(a) may be unenforceable in whole or in part because they violate any law or public policy, each of the Grantors will contribute the maximum portion that it is permitted to pay and satisfy under applicable law
to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 
 (d)    To the
extent permitted by applicable law, no Grantor shall ever assert, and each Grantor hereby waives, any claim against any Indemnitee, on any theory of liability, for any lost profits or special, indirect or consequential damages or (to the fullest
extent a claim for punitive damages may lawfully be waived) any punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, any Security Documents or any agreement or instrument or transaction
contemplated hereby or relating in any respect to any Indemnified Liability. 
 (e)    The agreements in this
Section 7.10 will survive repayment of all other Secured Obligations and the removal or resignation of the Collateral Trustee. 

Section 7.11    Severability. Any provision of this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace any invalid, illegal or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 7.12    Section Headings. The section headings and Table of Contents used in this Agreement are for
convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

Section 7.13    Obligations Secured. All obligations of the Grantors set forth in or arising under this
Agreement will be Secured Obligations and are secured by all Liens granted by the Security Documents. 

Section 7.14    Governing Law. This Agreement shall be construed in accordance with and governed by the law of
the State of New York. 
 Section 7.15    Consent to Jurisdiction; Service of Process. 

(a)    Each Grantor hereby irrevocably and unconditionally submits for themselves and their property, to the exclusive
jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of
or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in 

  
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respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a
final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any shall affect any right that any party
hereto or Secured Party may otherwise have to bring any action or proceeding relating to this Agreement against any Grantor or its properties in the courts of any jurisdiction. 

(b)    Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 7.6. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 7.16    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 7.17    Counterparts. This Agreement may be executed by one or more of the parties to this Agreement
on any number of separate counterparts (including by facsimile), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile (e.g.
“pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof. 

Section 7.18    Additional Grantors. Parent will cause each Subsidiary of Parent that hereafter becomes a
Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Subsidiary to execute and deliver to the Collateral Trustee a Collateral
Trust Agreement Joinder, whereupon such Subsidiary will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. 

Section 7.19    Continuing Nature of this Agreement. This Agreement will be reinstated if at any time any
payment or distribution in respect of any of the Secured Obligations is rescinded or must otherwise be returned in an Insolvency or Liquidation Proceeding or otherwise by any Secured Party or Secured Debt Representative or any representative of any
such party (whether by demand, settlement, litigation or otherwise). 
 Section 7.20    Insolvency. This
Agreement will be applicable both before and after the commencement of any Insolvency or Liquidation Proceeding by or against any Grantor. The relative rights, as provided for in this Agreement, will continue after the commencement of any such
Insolvency or Liquidation Proceeding on the same basis as prior to the date of the commencement of any such case, as provided in this Agreement. 

  
 34 

 Section 7.21    Rights and Immunities of Secured Debt
Representatives. The Indenture Trustee will be entitled to all of the rights, protections, immunities and indemnities set forth in the Indenture and any future Secured Debt Representative will be entitled to all of the rights, protections,
immunities and indemnities set forth in the credit agreement, indenture or other agreement governing the applicable Secured Debt with respect to which such Person will act as representative, in each case as if specifically set forth herein. In no
event will any Secured Debt Representative be liable for any act or omission on the part of the Grantors or the Collateral Trustee hereunder. 

Section 7.22    Modification of Secured Debt Documents. Parent and any other Grantor shall be permitted to
amend, replace, refinance, increase, substitute or modify any other Secured Debt Document or enter into any additional Secured Debt or the applicable Secured Debt Documents, in each case in accordance with the terms of the Secured Debt Documents.

 Section 7.23    Confidentiality. 

The Collateral Trustee agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed:

 (a)    to its Affiliates and its and their respective directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); 

(b)    to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person
or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners); 

(c)    to the extent required by applicable laws or regulations or by any subpoena or similar legal process; 

(d)    to any other party to this Agreement; 

(e)    in connection with the exercise of any remedies under the Security Documents or any Secured Debt Document or any
suit, action or proceeding relating to the Security Documents or any Secured Debt Document or the enforcement of rights hereunder or thereunder; 

(f)    subject to an agreement containing provisions substantially the same as those of this Section, to (i) any
assignee of or beneficiary of, or any prospective assignee of or beneficiary of, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its Affiliates) to any swap, derivative or other
transaction relating to Parent or its Restricted Subsidiaries (as defined in the applicable Secured Debt Document) and their obligations; 

  
 35 

 (g)    with the prior written consent of Parent; or 

(h)    to the extent such Information (i) becomes publicly available other than as a result of a breach of this
Section by the disclosing party or its Affiliates or (ii) becomes available to the Collateral Trustee on a nonconfidential basis from a source other than the Grantors. 

(i)    For the purposes of this Section, “Information” means all information received from (or on behalf
of) Parent or its Subsidiaries relating to Parent, its Subsidiaries or their respective businesses, other than any such information that is available to the Collateral Trustee on a nonconfidential basis prior to disclosure by Parent or its
Subsidiaries.
 Section 7.24    Jurisdiction Specific Provisions. 

(a)    Dutch Law Provisions. 

The Collateral Trustee is hereby authorized to execute and deliver any documents necessary or appropriate to create and perfect the rights of
pledge for the benefit of the Secured Parties under Security Documents governed by the laws of the Netherlands (the “Dutch Security Documents”). Without prejudice to the provisions of this Agreement and the other Secured Debt
Documents, the parties hereto acknowledge and agree with the creation of parallel debt obligations of Parent or any relevant Subsidiary as will be described in the Dutch Security Documents (the “Parallel Debt”), including that any
payment received by the Collateral Trustee in respect of the Parallel Debt will, conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference,
liquidation or similar laws of general application, be deemed a satisfaction of a pro rata portion of the corresponding amounts of the Secured Obligations, and any payment to the Secured Parties in satisfaction of the Secured Obligations shall,
conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application, be deemed as satisfaction of the
corresponding amount of the Parallel Debt. The parties hereto acknowledge and agree that, for purposes of the Dutch Security Documents, any resignation by the Collateral Trustee is not effective until its rights under the Parallel Debt are assigned
to the successor Collateral Trustee. 
 (b)    Canadian Law Provisions. 

For greater certainty, and without limiting the powers of the Collateral Trustee and each other Secured Party acting through its respective
Secured Debt Representative hereby acknowledge that the Collateral Trustee is also acting as hypothecary representative of the Secured Parties as contemplated under Article 2692 of the Civil Code of Quebec in order to hold hypothecs and security
granted by any Grantor on property pursuant to the laws of the Province of Quebec. The execution by the Collateral Trustee as hypothecary representative prior to this appointment of any deeds of hypothec or other security documents is hereby
ratified and confirmed. The appointment of the Collateral Trustee, acting as hypothecary representative, shall be deemed to have been ratified and confirmed by each Person accepting the benefits of the Security Documents. The resignation or removal
of the Collateral Trustee and appointment of a 

  
 36 

 
successor Collateral Trustee, shall also include its resignation or removal, and appointment, as the case may be, as hypothecary representative without further formality, except the filing of a
notice of replacement of hypothecary representative pursuant to Article 2692 of the Civil Code of Quebec. 

Section 7.25    First Lien/Second Lien Intercreditor Agreement. Notwithstanding anything to the contrary set
forth herein, the priority of the Liens created hereby and the rights and remedies of Collateral Trustee hereunder are subject to the terms and provisions of the First Lien/Second Lien Intercreditor Agreement. In the event of any inconsistency
between the provisions of this Agreement or the First Lien/Second Lien Intercreditor Agreement with respect to the priority of the Liens created hereby and the rights and remedies of the Collateral Trustee, the provisions of the First Lien/Second
Lien Intercreditor Agreement shall supersede the provisions of this Agreement. Any provision of this Agreement to the contrary notwithstanding, no Grantor shall be required to act or refrain from acting in a manner that is inconsistent with the
terms and provisions of the First Lien/Second Lien Intercreditor Agreement. 

  
 37 

 IN WITNESS WHEREOF, the parties hereto have caused this Collateral Trust Agreement to be
executed by their respective officers or representatives as of the day and year first above written. 
  

			
	 GIVEN under the COMMON SEAL
 of ENDO
INTERNATIONAL PLC,
 as a Grantor
 by:

	
	 /s/ Deanna Voss 

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page –
Collateral Trust Agreement] 

			
	ACTIENT THERAPEUTICS LLC
	ANCHEN 2 INCORPORATED
	ANCHEN INCORPORATED
	ANCHEN PHARMACEUTICALS, INC.
	ANCHEN PHARMACEUTICALS 2, INC.
	ASTORA WOMEN’S HEALTH, LLC
	AUXILIUM INTERNATIONAL HOLDINGS, LLC
	AUXILIUM PHARMACEUTICALS, LLC
	DAVA PHARMACEUTICALS, LLC
	ENDO AESTHETICS LLC
	ENDO GENERICS HOLDINGS, INC.
	ENDO GLOBAL FINANCE LLC
	ENDO HEALTH SOLUTIONS INC.
	ENDO INNOVATION VALERA LLC
	ENDO PHARMACEUTICALS INC.
	ENDO PHARMACEUTICALS FINANCE LLC
	ENDO PHARMACEUTICALS SOLUTIONS INC.
	ENDO PHARMACEUTICALS VALERA INC.
	ENDO U.S. FINANCE, LLC
	GENERICS INTERNATIONAL (US PARENT), INC.
	GENERICS INTERNATIONAL (US) 2, INC.
	GENERICS INTERNATIONAL (US), INC.
	GENERICS INTERNATIONAL VENTURES ENTERPRISES LLC
	INNOTEQ 2, INC.
	INNOTEQ, INC.
	JHP GROUP HOLDINGS, LLC
	JHP GROUP HOLDINGS 2, INC.
	KALI LABORATORIES, LLC
	KALI LABORATORIES 2, INC.
	PAR, LLC
	PAR PHARMACEUTICAL, INC.
	PAR PHARMACEUTICAL 2, INC.
	PAR PHARMACEUTICAL COMPANIES, INC.
	PAR PHARMACEUTICAL HOLDINGS, INC.
	PAR STERILE PRODUCTS, LLC
	PAR TWO, INC.
	 SLATE PHARMACEUTICALS, LLC
 each, as
a Grantor

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page –
Collateral Trust Agreement] 

			
	ENDO LLC
	ENDO FINCO INC.
	ENDO FINANCE LLC
	ENDO FINANCE OPERATIONS LLC
	ENDO U.S. INC.
	PALADIN LABS CANADIAN HOLDING INC.
	 PALADIN LABS INC.
 each, as a
Grantor

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Secretary
	
	ACTIENT PHARMACEUTICALS LLC
	 AUXILIUM US HOLDINGS, LLC
 each, as
a Grantor

		 	By: AUXILIUM PHARMACEUTICALS, LLC, as its Manager
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	70 MAPLE AVENUE, LLC
	 TIMM MEDICAL HOLDINGS, LLC
 each, as
a Grantor

		 	By: ACTIENT PHARMACEUTICALS LLC, as its Manager
		 	By: AUXILIUM PHARMACEUTICALS, LLC, as its Manager
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	GENERICS BIDCO I, LLC
	MOORES MILL PROPERTIES L.L.C.
	QUARTZ SPECIALTY PHARMACEUTICALS, LLC
	 VINTAGE PHARMACEUTICALS, LLC
 each,
as a Grantor

		 	By: GENERICS INTERNATIONAL (US), INC., as its Manager
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page –
Collateral Trust Agreement] 

			
	 ENDO PAR INNOVATION COMPANY, LLC,

as a Grantor

		 	By: PAR PHARMACEUTICAL, INC., as its Manager
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	 JHP ACQUISITION, LLC,
 as a
Grantor

		 	By: JHP GROUP HOLDINGS, LLC, as its Manager
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	 DAVA INTERNATIONAL, LLC,
 as a
Grantor

		 	By: DAVA PHARMACEUTICALS, LLC, as its Manager
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page –
Collateral Trust Agreement] 

			
	 ENDO SOMAR HOLDINGS B.V.,
 as a
Grantor

		
	By:	 	 /s/ Rahul Garella

	Name:	 	Rahul Garella
	Title:	 	Managing Director A
		
	By:	 	 /s/ Gert Jan Rietberg

	Name:	 	Gert Jan Rietberg
	Title:	 	Managing Director B

  
 [Signature Page –
Collateral Trust Agreement] 

			
	 PAR LABORATORIES EUROPE, LTD.,
 as a
Grantor

		
	By:	 	 /s/ Rahul Garella

	Name:	 	Rahul Garella
	Title:	 	Director

  
 [Signature Page –
Collateral Trust Agreement] 

			
	 ENDO VENTURES CYPRUS LIMITED,
 as a
Grantor

		
	By:	 	 /s/ Jennifer Veronica O’Connell

	Name:	 	Jennifer Veronica O’Connell
	Title:	 	Director

  
 [Signature Page –
Collateral Trust Agreement] 

			
	 ENDO VENTURES BERMUDA LIMITED,
 as a
Grantor

		
	By:	 	 /s/ Marie-Therese Bolger

	Name:	 	Marie-Therese Bolger
	Title:	 	Director
	
	 ENDO GLOBAL VENTURES,
 as a
Grantor

		
	By:	 	 /s/ Marie-Therese Bolger

	Name:	 	Marie-Therese Bolger
	Title:	 	Director
	
	 ENDO BERMUDA FINANCE LIMITED,
 as a
Grantor

		
	By:	 	 /s/ Rahul Garella

	Name:	 	Rahul Garella
	Title:	 	Director
	
	 OPERATIONS REFINANCING COMPANY BERMUDA LIMITED,

as a Grantor

		
	By:	 	 /s/ Mark T. Bradley

	Name:	 	Mark T. Bradley
	Title:	 	Director

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO DESIGNATED ACTIVITY COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO AESTHETICS LOGISTICS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO GLOBAL AESTHETICS LIMITED, as a Grantor 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO PROCUREMENT OPERATIONS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO GLOBAL BIOLOGICS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO GLOBAL DEVELOPMENT LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO EUROFIN UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO MANAGEMENT LIMITED, as a Grantor, 
 by
its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO VENTURES LIMITED, as a Grantor, 
 by its
lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE II UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE III UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE IV UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE V UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO IRELAND FINANCE II LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO IRELAND HOLDINGS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO TOPFIN LIMITED, as a Grantor, 
 by its
lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature 

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO IRELAND FINANCE UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of HAWK ACQUISITION IRELAND LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

  

	
	in the presence of:
	
	 /s/ Luke William Preston-Marshall 

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page –
Collateral Trust Agreement] 

					
	 ENDO LUXEMBOURG FINANCE COMPANY I

S.À R.L.,

	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg
	R.C.S. Luxembourg: B 182645,
	as a Grantor
		
	By:	 	  

		 	Name:	 	Mark T. Bradley
		 	Title:	 	Manager A
	
	ENDO LUXEMBOURG FINANCE COMPANY II S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg
	R.C.S. Luxembourg: B 182794,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

		 	Name:	 	Mark T. Bradley
		 	Title:	 	Manager A
	
	ENDO LUXEMBOURG HOLDING COMPANY S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg
	R.C.S. Luxembourg: B 182517,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

		 	Name:	 	Mark T. Bradley
		 	Title:	 	Manager A

  
 [Signature Page –
Collateral Trust Agreement] 

					
	ENDO LUXEMBOURG INTERNATIONAL FINANCING SARL,
	Société à responsabilité limitée
	Registered office: 6, rue Eugène Ruppert, L-2453 Luxembourg
	R.C.S. Luxembourg: B 221412,
	as a Grantor
		
	By:	 	 /s/ Mark T.
Bradley            

		 	Name:	 	Mark T. Bradley
		 	Title:	 	Manager A
	
	ENDO US HOLDINGS LUXEMBOURG I S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg
	R.C.S. Luxembourg: B 197803,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

		 	Name:	 	Mark T. Bradley
		 	Title:	 	Manager A
	
	LUXEMBOURG ENDO SPECIALTY PHARMACEUTICALS HOLDING I S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 6, rue Eugène Ruppert, L-2453 Luxembourg
	R.C.S. Luxembourg: B 204925,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

		 	Name:	 	Mark T. Bradley
		 	Title:	 	Manager A

  
 [Signature Page –
Collateral Trust Agreement] 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
		
	By:	 	 /s/ Maddy
Hughes                    

		 	Name:	 	Maddy Hughes
		 	Title:	 	Vice President

  
 [Signature Page –
Collateral Trust Agreement] 

 
					
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Trustee
		
	By:	 	 /s/ Andrew
Lennon                        

		 	Name:	 	Andrew Lennon
		 	Title:	 	AVP

  
 [Signature Page –
Collateral Trust Agreement] 

 EXHIBIT A 

to Collateral Trust Agreement 

[FORM OF] 
 ADDITIONAL
SECURED DEBT DESIGNATION 
             , 20     

Reference is made to the Second Lien Collateral Trust Agreement dated as of June 16, 2020 (as amended, supplemented, amended and restated
or otherwise modified and in effect from time to time, the “Collateral Trust Agreement”), among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814) (“Parent”), , Endo
LLC, a limited liability company organized under the laws of Delaware, Endo Finco Inc., a Delaware corporation, Endo Designated Activity Company, a company incorporated under the laws of Ireland, Endo Finance LLC, a Delaware limited liability
company, the other Grantors from time to time party thereto, Wells Fargo Bank, National Association, as Indenture Trustee, and Wilmington Trust, National Association, as collateral trustee (in such capacity, the “Collateral
Trustee”). Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Collateral Trust Agreement. This Additional Secured Debt Designation is being executed and delivered in order to designate
additional secured debt as either Secured Debt entitled to the benefit of the Collateral Trust Agreement. 
 The undersigned, the duly
appointed [specify title] of Parent hereby certifies on behalf of Parent, in [his/her] capacity as an [officer] of Parent and not in [his/her] individual capacity, that: 

(1)    [insert name of Grantor] intends to incur additional Secured Debt (“Additional
Secured Debt”) permitted by each applicable Secured Debt Document to be secured by a Priority Lien equally and ratably with all previously existing and future Secured Debt; 

(2)    the name and address of the Secured Debt Representative for the Additional Secured Debt for
purposes of Section 7.6 of the Collateral Trust Agreement is: 
  

	
	
                          
                                         
                    

	
	
                          
                                         
                    

	
	Telephone:                                    
                                 
	
	Fax:                                     
                                         
 

 (3)    Each Grantor has duly authorized and executed (if
applicable) all relevant documents, filings and recordations to ensure that the Additional Secured Debt is secured by such Grantor’s right, title and interest in the Collateral in accordance with the Security Documents; 

  
 Exh. A-1 

 (4)    Attached as Exhibit 1 hereto is a
Reaffirmation Agreement duly executed by each Grantor. 
 IN WITNESS WHEREOF, this Additional Secured Debt Designation is duly executed by
the undersigned as of the date first written above. 
  

			
	ENDO INTERNATIONAL PLC
		
	By:	 	
                     
                                

		 	Name:
		 	Title:

  
 Exh. A-2 

 ACKNOWLEDGEMENT OF RECEIPT 

The undersigned, the duly appointed Collateral Trustee under the Collateral Trust Agreement, hereby acknowledges receipt of an executed copy
of this Additional Secured Debt Designation. 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Trustee
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 Exh. A-3 

 EXHIBIT 1 

TO ADDITIONAL SECURED DEBT DESIGNATION 

[FORM OF] 
 REAFFIRMATION
AGREEMENT 
 Reference is made to the Collateral Trust Agreement, dated as of June 16, 2020 (as amended, supplemented, amended and
restated or otherwise modified and in effect from time to time, the “Collateral Trust Agreement”; capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Collateral Trust Agreement), among
Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814) (“Parent”), Endo LLC, a limited liability company organized under the laws of Delaware, Endo Finco Inc., a Delaware corporation,
Endo Designated Activity Company, a company incorporated under the laws of Ireland, Endo Finance LLC, a Delaware limited liability company, the other Grantors from time to time party thereto, Wells Fargo Bank, National Association, as Indenture
Trustee, and Wilmington Trust, National Association, as collateral trustee (in such capacity, the “Collateral Trustee”). This Reaffirmation Agreement is being executed and delivered as of the date first written above in connection
with an Additional Secured Debt Designation of even date herewith (the “Additional Secured Debt Designation”) by Parent and acknowledged by the Collateral Trustee, which Additional Secured Debt Designation has designated Additional
Secured Debt (as defined therein) issued under the [agreement governing the Additional Secured Debt] as Secured Debt entitled to the benefit of the Collateral Trust Agreement. 

(1)    Each of the undersigned hereby consents to the designation of Additional Secured Debt as Secured Debt as set forth
in the Additional Secured Debt Designation of even date herewith and hereby confirms its respective guarantees, pledges, charges, assignments, grants of security interests and other obligations, as applicable, under and subject to the terms of each
Security Document and each Secured Debt Document, in each case, to which it is party, and agrees that, notwithstanding the designation of such additional indebtedness or any of the transactions contemplated thereby, such guarantees, pledges,
charges, assignments, grants of security interests and other obligations, and the terms of each Security Document and each Secured Debt Document, in each case, to which it is party, are not impaired or adversely affected in any manner whatsoever and
shall continue to be in full force and effect and such Additional Secured Debt shall be entitled to all of the benefits of such Security Document or Secured Debt Document, as the case may be. 

(2)     In furtherance thereof, each of the undersigned that is party to the US Security Agreement (as defined below)
hereby grants to the Collateral Trustee, for the benefit of the Secured Parties, a security interest in all of its right, title and interest in the Collateral (as such term is defined in that certain Second Lien US Pledge and Security Agreement,
dated as of June 16, 2020 (as amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “US Security Agreement”), among the Grantors from time to time party thereto and the
Collateral Trustee)) to secure the prompt and complete payment and performance of the Secured Obligations (as defined in the Collateral Trust Agreement), including, in any event, all Obligations in connection with the Additional Secured Debt under
the [agreement governing the Additional Secured Debt]. 

  
 Exh. 1-1 

 (3)    In furtherance thereof, each of the undersigned that is party to
the U.S. Pledge Agreement (as defined below) hereby grants to the Collateral Trustee, for the benefit of the Secured Parties, a security interest in all of its right, title and interest in the Collateral (as defined in that certain Second Lien US
Pledge Agreement, dated as of June 16, 2020 (as amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “U.S. Pledge Agreement”), among the Grantors from time to time party thereto
and the Collateral Trustee) to secure the prompt and complete payment and performance of the Secured Obligations (as defined in the Collateral Trust Agreement), including, in any event, all Obligations in connection with the Additional Secured Debt
under the [agreement governing the Additional Secured Debt]. 
 (4)    In furtherance thereof, each of the
undersigned that is party to the IP Security Agreement (as defined below) hereby grants to the Collateral Trustee, for the benefit of the Secured Parties, a security interest in all of its right, title and interest in the Collateral (as defined in
that certain US Intellectual Property Pledge and Security Agreement, dated as of June 16, 2020 (as amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “IP Security
Agreement”), among the Grantors from time to time party thereto and the Collateral Trustee) to secure the prompt and complete payment and performance of the Secured Obligations (as defined in the Collateral Trust Agreement), including, in
any event, all Obligations in connection with the Additional Secured Debt under the Indenture. 
 (5)    Each Grantor
hereby authorizes the Collateral Trustee to file, and if requested will execute and deliver to the Collateral Trustee, all financing statements describing the Collateral owned by such Grantor and other documents and take such other actions as may
from time to time reasonably be requested by the Collateral Trustee (in all cases in accordance with and to the extent required by the Collateral Trust Agreement and the applicable Security Documents) in order to maintain a perfected security
interest in and, if applicable control of, the Collateral owned by such Grantor, subject to Liens permitted under all of the Secured Debt Documents. Such financing statements may describe the Collateral in the same manner as described herein or may
contain an indication or description of collateral that describes such property in any other manner as the Collateral Trustee may determine, in its sole discretion, is necessary, advisable or prudent to ensure that the perfection of the security
interest in the Collateral granted to the Collateral Trustee herein, including, without limitation, describing such property as “all assets of the Debtor whether now owned or hereafter acquired and wheresoever located, including all accessions
thereto and proceeds thereof” or using words of similar import. Each Grantor will, at its own expense, take any and all actions necessary to defend title to any material portion of the Collateral owned by such Grantor against all persons and to
defend the security interest of the Collateral Trustee in such Collateral and the priority thereof against any Lien not expressly permitted hereunder. 

Governing Law and Miscellaneous Provisions. The provisions of Article VII of the Collateral Trust Agreement will apply with like
effect to this Reaffirmation Agreement. 
 [Signature Page Follows] 

  
 Exh. 1-2 

 IN WITNESS WHEREOF, each of the undersigned has caused this Reaffirmation Agreement to be
duly executed as of the date written above. 
  

			
	[NAMES OF GRANTORS]
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 Exh. 1-3 

 ACKNOWLEDGEMENT OF RECEIPT 

The undersigned, the duly appointed Collateral Trustee under the Collateral Trust Agreement, hereby acknowledges receipt of an executed copy
of this Reaffirmation Agreement. 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Trustee
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 Exh. 1-4 

 EXHIBIT B 

to Collateral Trust Agreement 

[FORM OF] 
 COLLATERAL
TRUST AGREEMENT JOINDER – ADDITIONAL SECURED DEBT 
             ,
20     
 Reference is made to the Collateral Trust Agreement dated as of June 16, 2020 (as amended, supplemented,
amended and restated or otherwise modified and in effect from time to time, the “Collateral Trust Agreement”) among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814)
(“Parent”), Endo Finco Inc., a Delaware corporation, Endo Designated Activity Company, a company incorporated under the laws of Ireland, Endo Finance LLC, a Delaware limited liability company, the other Grantors from time to time
party thereto, Wells Fargo Bank, National Association, as Indenture Trustee, and Wilmington Trust, National Association, as collateral trustee (in such capacity, the “Collateral Trustee”). Capitalized terms used but not otherwise
defined herein have the meanings assigned to them in the Collateral Trust Agreement. This Collateral Trust Agreement Joinder is being executed and delivered pursuant to Section 3.8 of the Collateral Trust Agreement as a condition precedent to
the debt for which the undersigned is acting as [trustee][agent][other capacity] being entitled to the benefits of being Additional Secured Debt under the Collateral Trust Agreement. 

1.    Joinder. The undersigned,
                    , a                     ,
(the “New Representative”) as [trustee, administrative agent] under that certain [described applicable indenture, credit agreement or other document governing the Additional Secured Debt] hereby (a) represents that it is
the [trustee/agent or other capacity] of [describe creditors] and (b) agrees to become party as a Secured Debt Representative under the Collateral Trust Agreement for all purposes thereof on the terms set forth therein, and to be bound by the
terms of the Collateral Trust Agreement as fully as if the undersigned had executed and delivered the Collateral Trust Agreement as of the date thereof. 

2.    Lien Sharing and Priority Confirmation. 

The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Secured Debt for which the
undersigned is acting as Secured Debt Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Secured Debt, each other existing and future Secured Debt Representative and each current and future
Secured Party and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that: 

(a)    as provided by Section 2.2 of the Collateral Trust Agreement, all Secured Obligations will be
and are secured equally and ratably by all Priority Liens at any time granted by any Grantor to secure any Obligations in respect of any Series of Secured Debt, whether or not upon property otherwise constituting collateral for such Series of
Secured Debt, and that all such Priority Liens will be enforceable by the Collateral Trustee for the benefit of all Secured Parties equally and ratably provided however, that 

  
 Exh. B-1 

 
notwithstanding the foregoing, this provision will not be violated with respect to any particular Collateral and any particular Series of Secured Debt if the Secured Debt Documents in respect
thereof prohibit the applicable Secured Parties from accepting the benefit of a Lien on any particular asset or property or such Secured Party otherwise expressly declines in writing to accept the benefit of a Lien on such asset or property; 

(b)    the New Representative and each holder of Obligations in respect of the Series of Secured Debt for
which the undersigned is acting as Secured Debt Representative are bound by the provisions of this Agreement, including the provisions relating to the ranking of Priority Liens and the order of application of proceeds from the enforcement of
Priority Liens; 
 (c)    it reaffirms the appointment of and appoints Wilmington Trust, National
Association to serve as Collateral Trustee under the Collateral Trust Agreement for itself and all other current and future Secured Parties under the Collateral Trust Agreement on the terms and conditions set forth therein; and 

(d)    the Collateral Trustee shall perform its obligations under the Collateral Trust Agreement and the
other Security Documents. 
 3.    Governing Law and Miscellaneous Provisions. The provisions of Article VII
of the Collateral Trust Agreement will apply with like effect to this Collateral Trust Agreement Joinder. 

  
 Exh. B-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Collateral Trust Agreement Joinder
to be executed by their respective officers or representatives as of the date first written above. 
  

			
	[INSERT NAME OF THE NEW REPRESENTATIVE], as [indicate capacity]
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 Exh. B-3 

 The Collateral Trustee hereby acknowledges receipt of this Collateral Trust Agreement Joinder and agrees to
act as Collateral Trustee for the New Representative, the holders of the Obligations represented thereby and all other Secured Parties: 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Trustee
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 Exh. B-4 

 EXHIBIT C 

to Collateral Trust Agreement 

[FORM OF] 
 COLLATERAL
TRUST AGREEMENT JOINDER – ADDITIONAL GRANTOR 
             ,
20     
 Reference is made to the Collateral Trust Agreement dated as of June 16, 2020 (as amended, supplemented,
amended and restated or otherwise modified and in effect from time to time, the “Collateral Trust Agreement”) among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814)
(“Parent”), Endo Finco Inc., a Delaware corporation, Endo Designated Activity Company, a company incorporated under the laws of Ireland, Endo Finance LLC, a Delaware limited liability company, the other Grantors from time to time
party thereto, Wells Fargo Bank, National Association, as Indenture Trustee, and Wilmington Trust, National Association, as collateral trustee (in such capacity, the “Collateral Trustee”). Capitalized terms used but not otherwise
defined herein have the meanings assigned to them in the Collateral Trust Agreement. This Collateral Trust Agreement Joinder is being executed and delivered pursuant to Section 7.18 of the Collateral Trust Agreement. 

1.    Joinder. The undersigned,
                    , a                      (the
“New Grantor”), hereby agrees to become party as a “Grantor” under the Collateral Trust Agreement for all purposes thereof on the terms set forth therein, and to be bound by the terms of the Collateral Trust
Agreement as fully as if the undersigned had executed and delivered the Collateral Trust Agreement as of the date thereof. 

2.    Governing Law and Miscellaneous Provisions. The provisions of Article VII of the Collateral Trust
Agreement will apply with like effect to this Collateral Trust Agreement Joinder. 

  
 Exh. C-1 

 IN WITNESS WHEREOF, the New Grantor has caused this Collateral Trust Agreement Joinder to be
executed by its officers or other representatives as of the date first written above. 
  

			
	[                                    
                                         
       ]

  

			
	By:	 	
                     
                   

		 	Name:                    
		 	Title:                

  
 Exh. C-2 

 The Collateral Trustee hereby acknowledges receipt of this Collateral Trust Agreement Joinder and agrees to
act as Collateral Trustee with respect to the Collateral pledged by the new Grantor: 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Trustee
		
	By:	 	
                     
                                        

		 	Name:
		 	Title:

  
 Exh. C-3EX-10.3

 Exhibit 10.3 

INTERCREDITOR AGREEMENT 

Intercreditor Agreement (this “Agreement”), dated as of June 16, 2020, among WILMINGTON TRUST, NATIONAL ASSOCIATION, as
collateral trustee for the First Priority Secured Parties (as defined below) (in such capacity, with its successors and assigns, and as more specifically defined below, the “First Priority Representative”), WILMINGTON TRUST,
NATIONAL ASSOCIATION, as collateral trustee for the Second Priority Secured Parties (as defined below) (in such capacity, with its successors and assigns, and as more specifically defined below, the “Second Priority
Representative”), Endo International PLC, a company incorporated in the Republic of Ireland (the “Company”) and each of the other Grantors (as defined below) party hereto. 

WHEREAS, the Grantors, the First Priority Representative and the Secured Debt Representatives named therein are parties to the Collateral
Trust Agreement, dated as of April 27, 2017 (the “First Priority Collateral Trust Agreement”), which governs the liens held by the First Priority Representative, for the benefit of the First Priority Secured Parties, including
(a) the lenders under the Credit Agreement, dated as of April 27, 2017 (the “Existing First Priority Credit Agreement”), among the Company, Endo Luxembourg Finance Company I S.à r.l., a société
à responsabilité limitée (private limited liability company) incorporated under the laws of Luxembourg, Endo LLC, a limited liability company organized under the laws of Delaware, the lenders from time to time party thereto and
JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and swingline lender, (b) the holders of the 5.875% Secured First Lien Notes Due 2024, issued by Endo Designated Activity Company (formerly known as Endo Limited), a designated
activity company incorporated under the laws of Ireland (“Endo DAC”), Endo Finance LLC (formerly known as Endo Finance Co.), a Delaware limited liability company (“Endo Finance”) and Endo Finco Inc., a
Delaware corporation (“Endo Finco”), pursuant to the Indenture, dated as of April 27, 2017 (the “Existing 2024 First Priority Indenture”) among the Grantors and Wells Fargo Bank, National Association as trustee
and (c) the holders of the 7.500% Secured First Lien Notes Due 2027, issued by Par Pharmaceutical, Inc. (“PPI”), pursuant to the Indenture, dated as of March 28, 2019 (the “Existing 2027 First Priority
Indenture” and, together with the Existing First Priority Credit Agreement and the Existing 2024 First Priority Indenture, the “Existing First Priority Agreements”) among the Grantors and Wells Fargo Bank, National
Association, as trustee, as supplemented by the First Supplement thereto, dated as of the date hereof, pursuant to which PPI issued additional 2027 First Lien Notes (the “Additional 2027 First Lien Notes”); and 

WHEREAS, the Grantors, the Second Priority Representative and the Second Lien Notes Trustee (as defined below) are parties to the Second Lien
Collateral Trust Agreement, dated as of the date hereof (the “Second Priority Collateral Trust Agreement”), which governs the liens held by the Second Priority Representative, for the benefit of the Second Priority Secured Parties,
including holders of the 9.500% Secured Second Lien Notes Due 2027 issued by Endo DAC, Endo Finance and Endo Finco pursuant to the Indenture, dated as of the date hereof (the “Existing Second Priority Agreement”), among the Grantors
and Wells Fargo Bank, National Association, as trustee (the “Second Lien Notes Trustee”); and 
 WHEREAS, the Company and
the other Grantors have granted to the First Priority Representative security interests in the Common Collateral as security for payment and performance of the First Priority Obligations, including the Additional 2027 First Lien Notes; and 

WHEREAS, the Company and the other Grantors are granting to the Second Priority Representative junior security interests in the Common
Collateral as security for payment and performance of the Second Priority Obligations. 

 NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein contained
and other good and valuable consideration, the existence and sufficiency of which is expressly recognized by all of the parties hereto, the parties agree as follows: 

SECTION 1. Definitions. 

1.1.    Defined Terms. The following terms, as used herein, have the following meanings: 

“Additional First Priority Agreement” means any agreement governing any indebtedness and guarantees thereof that is incurred,
issued or guaranteed by the Company and/or any other Grantor (other than the indebtedness and guarantees thereof governed by the Existing First Priority Agreements), which indebtedness and guarantees are secured by the First Priority Collateral (or
a portion thereof), including, in any event, any agreement governing any “Additional Secured Debt” under, and as defined in, the First Priority Collateral Trust Agreement. 

“Additional Second Priority Agreement” means any agreement governing any indebtedness and guarantees thereof that is
incurred, issued or guaranteed by the Company and/or any other Grantor (other than the indebtedness and guarantees thereof governed by the Existing Second Priority Agreements), which indebtedness and guarantees are secured by the Second Priority
Collateral (or a portion thereof), including, in any event, any agreement governing any “Additional Secured Debt” under, and as defined in, the Second Priority Collateral Trust Agreement. 

“Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C. §101 et seq.), as amended from time to time. 

“Company” has the meaning set forth in the introductory paragraph hereof. 

“First Priority Cash Management Obligations” means, with respect to any Grantor, any obligations of such Grantor owed to any
First Priority Secured Party (or any of its affiliates) in respect of treasury management arrangements, depositary or other cash management services and including in any event “Banking Services Obligations” under, and as defined in, the
First Priority Collateral Trust Agreement. 
 “Common Collateral” means all assets that are both First Priority Collateral
and Second Priority Collateral. 
 “Comparable Second Priority Security Document” means, in relation to any Common
Collateral subject to any First Priority Security Document, that Second Priority Security Document that creates a security interest in the same Common Collateral, granted by the same Grantor, as applicable. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlled” has a meaning correlative thereto. 

“DIP Financing” has the meaning set forth in Section 5.2. 

“Endo DAC” has the meaning set forth in the first WHEREAS clause of this Agreement. 

  
 2 

 “Endo Finance” has the meaning set forth in the first WHEREAS clause of
this Agreement. 
 “Endo Finco” has the meaning set forth in the first WHEREAS clause of this Agreement. 

“Enforcement Action” means, with respect to the First Priority Obligations or the Second Priority Obligations, the exercise
of any rights and remedies with respect to any Common Collateral securing such obligations or the commencement or prosecution of enforcement of any of the rights and remedies with respect to the Common Collateral under, as applicable, the First
Priority Documents or the Second Priority Documents, or applicable law, including without limitation the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies of a secured
creditor under the Uniform Commercial Code of any applicable jurisdiction or under the Bankruptcy Code. 
 “Existing First Priority
Agreements” has the meaning set forth in the first WHEREAS clause of this Agreement. 
 “Existing First Priority Credit
Agreement” has the meaning set forth in the first WHEREAS clause of this Agreement. 
 “Existing 2024 First Priority
Indenture” has the meaning set forth in the first WHEREAS clause of this Agreement. 
 “Existing 2027 First Priority
Indenture” has the meaning set forth in the first WHEREAS clause of this Agreement. 
 “Existing Second Priority
Agreement” has the meaning set forth in the second WHEREAS clause of this Agreement. 
 “First Priority Agreement”
means the collective reference to (a) the Existing First Priority Agreements, (b) any Additional First Priority Agreement and (c) any other credit agreement, loan agreement, note agreement, promissory note, indenture or other
agreement or instrument evidencing or governing the terms of any indebtedness or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding
under the Existing First Priority Agreements, any Additional First Priority Agreement or any other agreement or instrument referred to in this clause (c) unless such agreement or instrument expressly provides that it is not intended to be and
is not a First Priority Agreement hereunder (a “Replacement First Priority Agreement”). Any reference to a First Priority Agreement hereunder shall be deemed a reference to any First Priority Agreement then extant. 

“First Priority Collateral” means all assets, whether now owned or hereafter acquired by the Company or any other Grantor, in
which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation, including any “Collateral” or “Pledged Collateral” or similar term as defined in any First
Priority Document. 
 “First Priority Collateral Trust Agreement” has the meaning set forth in the first WHEREAS clause of
this Agreement. 

  
 3 

 “First Priority Documents” means each First Priority Agreement, each First
Priority Security Document and each First Priority Guarantee. 
 “First Priority Guarantee” means any agreement providing a
guarantee by any Grantor of any or all of the First Priority Obligations. 
 “First Priority Lien” means any Lien created
by the First Priority Security Documents. 
 “First Priority Obligations” means (a) all principal of and interest
(including without limitation any Post-Petition Interest) and premium (if any) on all loans made pursuant to the First Priority Agreement, (b) all reimbursement obligations (if any) and interest thereon (including without limitation any
Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to the First Priority Agreement, (c) all Hedging Obligations, (d) all First Priority Cash Management Obligations and (e) all guarantee
obligations, fees, expenses and other amounts payable from time to time pursuant to the First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. First Priority Obligations shall include in any event
“Secured Obligations” under, and as defined in, the First Priority Collateral Trust Agreement. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Grantor, as proceeds of security,
enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person,
then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be
reinstated and outstanding as if such payment had not occurred. 
 “First Priority Obligations Payment Date” means the
first date on which (a) the First Priority Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full (or cash collateralized or defeased in accordance with the terms of the
First Priority Documents), (b) all commitments to extend credit under the First Priority Documents have been terminated, (c) there are no outstanding letters of credit or similar instruments issued under the First Priority Documents (other than
such as have been cash collateralized or defeased in accordance with the terms of the First Priority Security Documents), (d) the “Discharge of Secured Obligations” under, and as defined in, the First Priority Collateral Trust Agreement
shall have occurred and (e) the First Priority Representative has delivered a written notice to the Second Priority Representative stating that the events described in clauses (a), (b), (c) and (d) have occurred to the satisfaction of the
First Priority Secured Parties. 
 “First Priority Representative” has the meaning set forth in the introductory paragraph
hereof. 
 “First Priority Secured Parties” means the First Priority Representative, the First Priority Secured Parties and
any other holders of the First Priority Obligations and shall in any event include “Secured Parties” under, and as defined in, the First Priority Collateral Trust Agreement. 

“First Priority Security Documents” means the “Security Documents” under, and as defined in, the First Priority
Collateral Trust Agreement, and any other documents that are described under any First Priority Agreement as a “Security Document” or a similar term. 

“Grantor” means the Company and each Subsidiary of the Company that is now or hereafter becomes a party to any First Priority
Security Document or Second Priority Security Document as a 

  
 4 

 
“grantor” or “pledgor” (or the equivalent thereof) to secure any First Priority Obligations and/or Second Priority Obligations, as the context may require.. All references in
this Agreement to any Grantor shall include such Grantor as a debtor-in-possession and any receiver or trustee for such Grantor in any Insolvency Proceeding. 

“Hedging Obligations” means, with respect to any Grantor, any obligations of such Grantor owed to any First Priority Secured
Party (or any of its affiliates) in respect of any swap agreement or hedge agreement in respect of interest rates, currency exchange rates or commodity prices and including in any event “Hedging Obligations” under, and as defined in, the
First Priority Collateral Trust Agreement 
 “Insolvency Proceeding” means any proceeding in respect of bankruptcy,
insolvency, winding up, receivership, dissolution or assignment for the benefit of creditors, in each of the foregoing events whether under the Bankruptcy Code or any similar federal, state or foreign bankruptcy, insolvency, reorganization,
receivership or similar law and with respect to a Grantor incorporated under the laws of the Netherlands, a “winding-up”, “bankruptcy”, “dissolution” or “insolvency”
includes such Grantor being declared bankrupt (failliet verklaard) or dissolved (ontbonden) and with respect to a Grantor incorporated under the laws of Luxembourg, a “winding-up”,
“bankruptcy”, “dissolution” or “insolvency” includes without limitation, bankruptcy (faillite), insolvency, voluntary or judicial liquidation (liquidation volontaire ou judiciaire), composition with creditors (concordat
préventif de la faillite), moratorium or reprieve from payments (sursis de paiement), controlled management (gestion contrôlée), a general settlement with creditors, reorganisation or similar law affecting the rights of creditors
generally. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset. 
 “Person” means any person, individual, sole
proprietorship, partnership, joint venture, corporation, limited liability company, unincorporated organization, association, institution, entity, party, including any government and any political subdivision, agency or instrumentality thereof. 

“Post-Petition Interest” means any interest or entitlement to fees or expenses or other charges that accrues after the
commencement of any Insolvency Proceeding, whether or not allowed or allowable in any such Insolvency Proceeding. 
 “Replacement
First Priority Agreement” has the meaning set forth in the definition of “First Priority Agreement”. 
 “Second
Priority Agreement” means the collective reference to (a) the Existing Second Priority Agreement, (b) any Additional Second Priority Agreement and (c) any other credit agreement, loan agreement, note agreement, promissory
note, indenture, or other agreement or instrument evidencing or governing the terms of any indebtedness or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other
obligations outstanding under the Existing Second Priority Agreement, any Additional Second Priority Agreement or any other agreement or instrument referred to in this clause (c). Any reference to a Second Priority Agreement hereunder shall be
deemed a reference to any Second Priority Agreement then extant. 

  
 5 

 “Second Priority Collateral” means all assets, whether now owned or
hereafter acquired by the Company or any other Grantor, in which a Lien is granted or purported to be granted to any Second Priority Secured Party as security for any Second Priority Obligation, including any “Collateral” or “Pledged
Collateral” or similar term as defined in any Second Priority Document. 
 “Second Priority Collateral Trust
Agreement” has the meaning set forth in the first WHEREAS clause of this Agreement. 
 “Second Priority Documents”
means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee. 
 “Second Priority
Guarantee” means any agreement governing a guarantee by any Grantor of any or all of the Second Priority Obligations. 

“Second Priority Lien” means any Lien created by the Second Priority Security Documents. 

“Second Priority Obligations” means (a) all principal of and interest (including without limitation any Post-Petition
Interest) and premium (if any) on all indebtedness under any Second Priority Agreement and (b) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the Second Priority Documents, in each case whether
or not allowed or allowable in an Insolvency Proceeding. Second Priority Obligations shall include in any event “Secured Obligations” under, and as defined in, the Second Priority Collateral Trust Agreement. To the extent any payment with
respect to any Second Priority Obligation (whether by or on behalf of any Grantor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or
required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and
obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. 

“Second Priority Representative” has the meaning set forth in the introductory paragraph hereof. 

“Second Priority Secured Parties” means the Second Priority Representative, the Second Priority Secured Parties and any other
holders of the Second Priority Obligations and shall in any event include “Secured Parties” under, and as defined in, the Second Priority Collateral Trust Agreement. 

“Second Priority Security Documents” means the “Security Documents” under, and as defined in, the Second Priority
Collateral Trust Agreement and any documents that are described under any Second Priority Agreement as a “Security Document” or similar term. 

“Secured Parties” means the First Priority Secured Parties and the Second Priority Secured Parties. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or other
entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date,
owned, Controlled or held by such Person. 

  
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 “Unasserted Contingent Obligations” shall mean, at any time, First Priority
Obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities (excluding (a) the principal of, and interest and premium (if any) on, and fees and expenses relating to, any First Priority Obligation and
(b) contingent reimbursement obligations in respect of amounts that may be drawn under outstanding letters of credit) in respect of which no assertion of liability (whether oral or written) and no claim or demand for payment (whether oral or
written) has been made (and, in the case of First Priority Obligations for indemnification, no notice for indemnification has been issued by the indemnitee) at such time. 

“Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect from time to time in the applicable
jurisdiction. 
 1.2    Amended Agreements. All references in this Agreement to agreements or other contractual
obligations shall, unless otherwise specified, be deemed to refer to such agreements or contractual obligations as amended, supplemented, restated or otherwise modified from time to time. 

SECTION 2. Lien Priorities. 

2.1    Subordination of Liens. (a) Any and all Liens now existing or hereafter created or arising in favor of
any Second Priority Secured Party securing the Second Priority Obligations, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise are expressly junior in priority, operation and effect to any and all Liens
now existing or hereafter created or arising in favor of the First Priority Secured Parties securing the First Priority Obligations, notwithstanding (i) anything to the contrary contained in any agreement or filing to which any Second Priority
Secured Party may now or hereafter be a party, and regardless of the time, order or method of grant, attachment, recording or perfection of any financing statements or other security interests, assignments, pledges, deeds, mortgages and other liens,
charges or encumbrances or any defect or deficiency or alleged defect or deficiency in any of the foregoing, (ii) any provision of the Uniform Commercial Code or any applicable law or any First Priority Document or Second Priority Document or
any other circumstance whatsoever and (iii) the fact that any such Liens in favor of any First Priority Secured Party securing any of the First Priority Obligations are (x) subordinated to any Lien securing any obligation of any Grantor
other than the Second Priority Obligations or (y) otherwise subordinated, voided, avoided, invalidated or lapsed. 
 (b) No First
Priority Secured Party or Second Priority Secured Party shall object to or contest, or support any other Person in contesting or objecting to, in any proceeding (including without limitation, any Insolvency Proceeding), the validity, extent,
perfection, priority or enforceability of any security interest in the Common Collateral granted to the other. Notwithstanding any failure by any First Priority Secured Party or Second Priority Secured Party to perfect its security interests in the
Common Collateral or any avoidance, invalidation or subordination by any third party or court of competent jurisdiction of the security interests in the Common Collateral granted to the First Priority Secured Parties or the Second Priority Secured
parties, the priority and rights as between the First Priority Secured Parties and the Second Priority Secured Parties with respect to the Common Collateral shall be as set forth herein. 

2.2    Nature of First Priority Obligations. (a) The Second Priority Representative on behalf of itself and
the other Second Priority Secured Parties acknowledges that a portion of the First Priority Obligations represents debt that is revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased
or reduced and subsequently reborrowed, and that the terms of the First Priority Obligations may be modified, extended or amended from time to time, and that 

  
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the aggregate amount of the First Priority Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Second Priority Secured Parties and without
affecting the provisions hereof. The lien priorities provided in Section 2.1 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal,
restatement or refinancing of either the First Priority Obligations or the Second Priority Obligations, or any portion thereof. 
 (b)
Notwithstanding anything in this Agreement or any other First Priority Documents or Second Priority Documents to the contrary, collateral consisting of cash and cash equivalents pledged to secure First Priority Obligations consisting solely of
reimbursement obligations in respect of letters of credit or to cash collateralize outstanding letters of credit and that is held by the First Priority Collateral Trustee and which cash and cash equivalents do not secure any other First Priority
Obligations shall be applied as specified in the Existing First Priority Credit Agreement (or such other applicable First Priority Agreement in respect of such First Priority Obligations) and will not be subject to this Agreement. 

2.3    Agreements Regarding Actions to Perfect Liens. (a) The Second Priority Representative on behalf of
itself and the other Second Priority Secured Parties agrees that UCC-1 financing statements, patent, trademark or copyright filings or other filings or recordings filed or recorded by or on behalf of the
Second Priority Representative shall be in form reasonably satisfactory to the First Priority Representative. 
 (b) The Second Priority
Representative agrees on behalf of itself and the other Second Priority Secured Parties that all mortgages, deeds of trust, deeds and similar instruments (collectively, “mortgages”) now or thereafter filed against real property in
favor of or for the benefit of the Second Priority Representative shall be in form reasonably satisfactory to the First Priority Representative and shall contain the following notation: “The lien created by this mortgage on the property
described herein is junior and subordinate to the lien on such property created by any mortgage, deed of trust or similar instrument now or hereafter granted to Wilmington Trust, National Association, as Collateral Trustee, and its successors and
assigns, in such property, in accordance with the provisions of the Intercreditor Agreement, dated as of June 16, 2020, among Wilmington Trust, National Association, as First Priority Representative, Wilmington Trust, National Association, as
Second Priority Representative, and the Grantors referred to therein, as amended from time to time.” 
 (c) The First Priority
Representative hereby acknowledges that, to the extent that it holds, or a third party holds on its behalf, physical possession of or “control” (as defined in the Uniform Commercial Code) over Common Collateral pursuant to the First
Priority Security Documents, such possession or control is also for the benefit of the Second Priority Representative and the other Second Priority Secured Parties solely to the extent required to perfect their security interest in such Common
Collateral. Nothing in the preceding sentence shall be construed to impose any duty on the First Priority Representative (or any third party acting on its behalf) with respect to such Common Collateral or provide the Second Priority Representative
or any other Second Priority Secured Party with any rights with respect to such Common Collateral beyond those specified in this Agreement and the Second Priority Security Documents, provided that subsequent to the occurrence of the First
Priority Obligations Payment Date, the First Priority Representative shall (i) deliver to the Second Priority Representative, at the Company’s sole cost and expense, the Common Collateral in its possession or control together with any
necessary endorsements to the extent required by the Second Priority Documents or (ii) direct and deliver such Common Collateral as a court of competent jurisdiction otherwise directs, and provided, further, that the provisions of
this Agreement are intended solely to govern the respective Lien priorities as between the First Priority Secured 

  
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Parties and the Second Priority Secured Parties and shall not impose on the First Priority Secured Parties any obligations in respect of the disposition of any Common Collateral (or any proceeds
thereof) that would conflict with prior perfected Liens or any claims thereon in favor of any other Person that is not a Secured Party.2.4 No New Liens. So long as the First Priority Obligations Payment Date has not occurred, the parties
hereto agree that (a) no Grantor shall have any right to create any Second Priority Lien on any assets of any Grantor unless these same assets are subject to, or will become subject to, a First Priority Lien and (b) if any Second Priority
Secured Party shall acquire or hold any Second Priority Lien on any assets of any Grantor which assets are not also subject to the First Priority Lien of the First Priority Representative under the First Priority Documents, then the Second Priority
Representative, upon demand by the First Priority Representative, will without the need for any further consent of any other Second Priority Secured Party, notwithstanding anything to the contrary in any other Second Priority Document either
(i) release such Lien or (ii) assign it to the First Priority Representative as security for the First Priority Obligations (in which case the Second Priority Representative may retain a junior lien on such assets subject to the terms
hereof). To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights and remedies available to the First Priority Secured Parties, the Second Priority Representative and the other Second
Priority Secured Parties agree that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.4 shall be subject to Section 4.1. 

SECTION 3. Enforcement Rights.  

3.1    Exclusive Enforcement. Until the First Priority Obligations Payment Date has occurred, whether or not an
Insolvency Proceeding has been commenced by or against any Grantor, the First Priority Secured Parties shall have the exclusive right to take and continue any Enforcement Action with respect to the Common Collateral, without any consultation with or
consent of any Second Priority Secured Party, but subject to the provisos set forth in Sections 3.2 and 5.1. Upon the occurrence and during the continuance of a default or an event of default under the First Priority Documents, the First Priority
Representative and the other First Priority Secured Parties may take and continue any Enforcement Action with respect to the First Priority Obligations and the Common Collateral in such order and manner as they may determine in their sole
discretion. 
 3.2    Standstill and Waivers. The Second Priority Representative, on behalf of itself and the
other Second Priority Secured Parties, agrees that, until the First Priority Obligations Payment Date has occurred, subject to the proviso set forth in Section 5.1: 

(a) they will not take or cause to be taken any Enforcement Action; 

(b) they will not take or cause to be taken any action, the purpose or effect of which is to make any Lien in respect of any
Second Priority Obligation pari passu with or senior to, or to give any Second Priority Secured Party any preference or priority relative to, the Liens with respect to the First Priority Obligations or the First Priority Secured Parties with respect
to any of the Common Collateral; 
 (c) they will not contest, oppose, object to, interfere with, hinder or delay, in any
manner, whether by judicial proceedings (including without limitation the filing of an Insolvency Proceeding) or otherwise, any foreclosure, sale, lease, exchange, transfer or other disposition of the Common Collateral by any First Priority Secured
Party or any other Enforcement Action taken (or any forbearance from taking any Enforcement Action) by or on behalf of any First Priority Secured Party; 

  
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 (d) they have no right to (i) direct either the First Priority
Representative or any other First Priority Secured Party to exercise any right, remedy or power with respect to the Common Collateral or pursuant to the First Priority Security Documents or (ii) consent or object to the exercise by the First
Priority Representative or any other First Priority Secured Party of any right, remedy or power with respect to the Common Collateral or pursuant to the First Priority Security Documents or to the timing or manner in which any such right is
exercised or not exercised (or, to the extent they may have any such right described in this clause (c), whether as a junior lien creditor or otherwise, they hereby irrevocably waive such right); 

(e) they will not institute any suit or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any
claim against any First Priority Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, and no First Priority Secured Party shall be liable for, any action taken or omitted to
be taken by any First Priority Secured Party with respect to the Common Collateral or pursuant to the First Priority Documents; and 

(f) they will not seek, and hereby waive any right, to have the Common Collateral or any part thereof marshaled upon any
foreclosure or other disposition of the Common Collateral. 
 provided that, notwithstanding the foregoing, any Second Priority Secured Party may
exercise its rights and remedies in respect of the Common Collateral under the Second Priority Security Documents or applicable law after the passage of a period of 180 days (the “Standstill Period”) from the date of delivery of a
notice in writing to the First Priority Representative of its intention to exercise such rights and remedies, which notice may only be delivered following the occurrence of and during the continuation of an “Event of Default” under and as
defined in the applicable Second Priority Agreement; provided, further, however, that, notwithstanding the foregoing, in no event shall any Second Priority Secured Party exercise or continue to exercise any such rights or remedies if,
notwithstanding the expiration of the Standstill Period, (i) any First Priority Secured Party shall have commenced and be diligently pursuing the exercise of any of its rights and remedies with respect to any of the Common Collateral (prompt
notice of such exercise to be given to the Second Priority Representative) or (ii) an Insolvency Proceeding in respect of any Grantor shall have been commenced; and provided, further, that in any Insolvency Proceeding commenced by
or against any Grantor, the Second Priority Representative and the Second Priority Secured Parties may take any action expressly permitted by Section 5. 

3.3    Judgment Creditors. In the event that any Second Priority Secured Party becomes a judgment lien creditor as
a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the First Priority Liens and the First Priority Obligations) to the
same extent as all other Liens securing the Second Priority Obligations are subject to the terms of this Agreement. 

3.4    Cooperation. The Second Priority Representative, on behalf of itself and the other Second Priority Secured
Parties, agrees that each of them shall take such actions as the First Priority Representative shall request in connection with the exercise by the First Priority Secured Parties of their rights set forth herein. 

  
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 3.5    No Additional Rights For the Grantors Hereunder. Except as
provided in Section 3.6, if any First Priority Secured Party or Second Priority Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, no Grantor shall be entitled to use such violation as a defense to
any action by any First Priority Secured Party or Second Priority Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any First Priority Secured Party or Second Priority Secured Party. 

3.6    Actions Upon Breach. (a) If any Second Priority Secured Party, contrary to this Agreement, commences or
participates in any action or proceeding against any Grantor or the Common Collateral, such Grantor, with the prior written consent of the First Priority Secured Representative, may interpose as a defense or dilatory plea the making of this
Agreement, and any First Priority Secured Party may intervene and interpose such defense or plea in its or their name or in the name of such Grantor. 

(b) Should any Second Priority Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with
respect to the Common Collateral (including, without limitation, any attempt to realize upon or enforce any remedy with respect to this Agreement), or fail to take any action required by this Agreement, any First Priority Secured Party (in its own
name or in the name of the relevant Grantor) or the relevant Grantor may obtain relief against such Second Priority Secured Party by injunction, specific performance and/or other appropriate equitable relief, it being understood and agreed by the
Second Priority Representative on behalf of each Second Priority Secured Party that (i) the First Priority Secured Parties’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) each
Second Priority Secured Party waives any defense that the Grantors and/or the First Priority Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 

3.7    Option to Purchase. (a) The First Priority Representative agrees that it will give the Second Priority
Representative written notice (the “Enforcement Notice”) within five business days after commencing any Enforcement Action with respect to Common Collateral (which notice shall be effective for all Enforcement Actions taken after
the date of such notice so long as the First Priority Representative is diligently pursuing in good faith the exercise of its default or enforcement rights or remedies against, or diligently attempting in good faith to vacate any stay of enforcement
rights of its senior Liens on a material portion of the Common Collateral, including, without limitation, all Enforcement Actions identified in such notice). Any Second Priority Secured Party (such term solely for the purposes of this
Section 3.7 shall exclude the Second Priority Representative) shall have the option, by irrevocable written notice (the “Purchase Notice”) delivered to the First Priority Representative no later than five business days after
receipt by the Second Priority Representative of the Enforcement Notice, to purchase all of the First Priority Obligations from the First Priority Secured Parties. If a Second Priority Secured Party so delivers the Purchase Notice, the First
Priority Representative shall terminate any existing Enforcement Actions and shall not take any further Enforcement Actions, provided, that the Purchase (as defined below) shall have been consummated on the date specified in the Purchase
Notice in accordance with this Section 3.7. 
 (b) On the date specified by the applicable Second Priority Secured Parties in the
Purchase Notice (which shall be a business day not less than five business days, nor more than ten business days, after receipt by the First Priority Representative of the Purchase Notice, the First Priority Secured Parties shall, subject to any
required approval of any court or other governmental authority then in effect, sell to the Second Priority Secured Parties electing to purchase pursuant to Section 3.7(a) (the “Purchasing Parties”), and the Purchasing Parties
shall purchase (the “Purchase”) from the First Priority Secured Parties, the First Priority Obligations; provided, that the First Priority Obligations purchased shall not include any rights of

  
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First Priority Secured Parties with respect to indemnification and other obligations of the Grantors under the First Priority Documents that are expressly stated to survive the termination of the
First Priority Documents (the “Surviving Obligations”). 
 (c) Without limiting the obligations of the Grantors under the
First Priority Documents to the First Priority Secured Parties with respect to the Surviving Obligations (which shall not be transferred in connection with the Purchase), on the date of the Purchase, the Purchasing Parties shall (i) pay to the
First Priority Secured Parties as the purchase price (the “Purchase Price”) therefor the full amount of all First Priority Obligations then outstanding and unpaid (including principal, interest, fees, breakage costs, attorneys’
fees and expenses, and, in the case of any Hedging Obligations, the amount that would be payable by the relevant Grantor thereunder if it were to terminate such Hedging Obligations on the date of the Purchase or, if not terminated, an amount
determined by the relevant First Priority Secured Party to be necessary to collateralize its credit risk arising out of such Hedging Obligations, (ii) furnish cash collateral (the “Cash Collateral”) to the First Priority
Secured Parties in such amounts as the relevant First Priority Secured Parties determine is reasonably necessary to secure such First Priority Secured Parties in connection with any outstanding letters of credit (not to exceed 105% of the aggregate
undrawn face amount of such letters of credit), (iii) agree to reimburse the First Priority Secured Parties for any loss, cost, damage or expense (including attorneys’ fees and expenses) in connection with any fees, costs or expenses related to
any checks or other payments provisionally credited to the First Priority Obligations and/or as to which the First Priority Secured Parties have not yet received final payment and (iv) agree, after written request from the First Priority
Representative, to reimburse the First Priority Secured Parties in respect of indemnification obligations of the Grantors under the First Priority Documents as to matters or circumstances known to the Purchasing Parties at the time of the Purchase
which could reasonably be expected to result in any loss, cost, damage or expense to any of the First Priority Secured Parties, provided that, in no event shall any Purchasing Party have any liability for such amounts in excess of proceeds of
Common Collateral received by the Purchasing Parties. 
 (d) The Purchase Price and Cash Collateral shall be remitted by wire transfer in
immediately available funds to such account of the First Priority Representative as it shall designate to the Purchasing Parties. The First Priority Representative shall, promptly following its receipt thereof, distribute the amounts received by it
in respect of the Purchase Price to the First Priority Secured Parties in accordance with the applicable First Priority Agreement. Interest shall be calculated to but excluding the day on which the Purchase occurs if the amounts so paid by the
Purchasing Parties to the account designated by the First Priority Representative are received in such account prior to 12:00 Noon, New York City time, and interest shall be calculated to and including such day if the amounts so paid by the
Purchasing Parties to the account designated by the First Priority Representative are received in such account later than 12:00 Noon, New York City time. 

(e) The Purchase shall be made without representation or warranty of any kind by the First Priority Secured Parties as to the First Priority
Obligations, the Common Collateral or otherwise and without recourse to the First Priority Secured Parties, except that the First Priority Secured Parties shall represent and warrant: (i) the amount of the First Priority Obligations being
purchased, (ii) that the First Priority Secured Parties own the First Priority Obligations free and clear of any liens or encumbrances and (iii) that the First Priority Secured Parties have the right to assign the First Priority
Obligations and the assignment is duly authorized. 

  
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 SECTION 4. Application Of Proceeds Of Common Collateral;
Dispositions And Releases Of Common Collateral; Inspection and Insurance.  
 4.1    Application of Proceeds;
Turnover Provisions. All proceeds of Common Collateral (including without limitation any interest earned thereon) resulting from the sale, collection or other disposition of Common Collateral in connection with an Enforcement Action,
whether or not pursuant to an Insolvency Proceeding, shall be distributed as follows: first to the First Priority Representative for application to the First Priority Obligations in accordance with the terms of the First Priority Documents,
until the First Priority Obligations Payment Date has occurred and thereafter, to the Second Priority Representative for application in accordance with the Second Priority Documents. Until the occurrence of the First Priority Obligations
Payment Date, any Common Collateral, including without limitation any such Common Collateral constituting proceeds, that may be received by any Second Priority Secured Party in violation of this Agreement shall be segregated and held in trust and
promptly paid over to the First Priority Representative, for the benefit of the First Priority Secured Parties, in the same form as received, with any necessary endorsements, and each Second Priority Secured Party hereby authorizes the First
Priority Representative to make any such endorsements as agent for the Second Priority Representative (which authorization, being coupled with an interest, is irrevocable). 

4.2    Releases of Second Priority Lien. (a) Upon any release, sale or disposition of Common Collateral
permitted pursuant to the terms of the First Priority Documents that results in the release of the First Priority Lien on any Common Collateral (excluding any sale or other disposition that is expressly prohibited by any Second Priority Agreement as
in effect on the date hereof unless such sale or disposition is consummated in connection with an Enforcement Action or consummated after the institution of any Insolvency Proceeding), the Second Priority Lien on such Common Collateral (excluding
any portion of the proceeds of such Common Collateral remaining after the First Priority Obligations Payment Date occurs) shall be automatically and unconditionally released with no further consent or action of any Person. 

(b) The Second Priority Representative shall promptly execute and deliver such release documents and instruments and shall take such further
actions as the First Priority Representative shall request to evidence any release of the Second Priority Lien described in paragraph (a). The Second Priority Representative hereby appoints the First Priority Representative and any officer or duly
authorized person of the First Priority Representative, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney
in the place and stead of the Second Priority Representative and in the name of the Second Priority Representative or in the First Priority Representative’s own name, from time to time, in the First Priority Representative’s sole
discretion, for the purposes of carrying out the terms of this Section 4.2, to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or desirable to accomplish the purposes of
this Section 4.2, including, without limitation, any financing statements, endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). 

4.3    Inspection Rights and Insurance. (a) Any First Priority Secured Party and its representatives and
invitees may at any time inspect, repossess, remove and otherwise deal with the Common Collateral, and the First Priority Representative may advertise and conduct public auctions or private sales of the Common Collateral, in each case without notice
to, the involvement of or interference by any Second Priority Secured Party or liability to any Second Priority Secured Party. 

  
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 (b) Until the First Priority Obligations Payment Date has occurred, the First Priority
Representative will have the sole and exclusive right (i) to be named as additional insured and loss payee under any insurance policies maintained from time to time by any Grantor (except that the Second Priority Representative shall have the
right to be named as additional insured and loss payee so long as its second lien status is identified in a manner satisfactory to the First Priority Representative); (ii) to adjust or settle any insurance policy or claim covering the Common
Collateral in the event of any loss thereunder and (iii) to approve any award granted in any condemnation or similar proceeding affecting the Common Collateral. 

SECTION 5. Insolvency Proceedings.  

5.1    Filing of Motions. Until the First Priority Obligations Payment Date has occurred, the Second Priority
Representative agrees on behalf of itself and the other Second Priority Secured Parties that no Second Priority Secured Party shall, in or in connection with any Insolvency Proceeding, file any pleadings or motions, take any position at any hearing
or proceeding of any nature, or otherwise take any action whatsoever, in each case that (a) violates, or is prohibited by, this Section 5 (or, in the absence of an Insolvency Proceeding, otherwise would violate or be prohibited by this
Agreement), (b) asserts any right, benefit or privilege that arises in favor of the Second Priority Representative or Second Priority Secured Parties, in whole or in part, as a result of their interest in the Common Collateral or in the Second
Priority Lien (unless the assertion of such right is expressly permitted by this Agreement) or (c) challenges the validity, priority, enforceability or voidability of any Liens or claims held by the First Priority Representative or any other
First Priority Secured Party, or the extent to which the First Priority Obligations constitute secured claims under Section 506(a) of the Bankruptcy Code or otherwise; provided that the Second Priority Representative may file a proof of
claim in an Insolvency Proceeding, subject to the limitations contained in this Agreement and only if consistent with the terms and the limitations on the Second Priority Representative imposed hereby. 

5.2    Financing Matters. If any Grantor becomes subject to any Insolvency Proceeding, and if the First
Priority Representative or the other First Priority Secured Parties desire to consent (or not object) to the use of cash collateral under the Bankruptcy Code or to provide financing to any Grantor under the Bankruptcy Code or to consent (or not
object) to the provision of such financing to any Grantor by any third party (any such financing, “DIP Financing”), then the Second Priority Representative agrees, on behalf of itself and the other Second Priority Secured Parties,
that each Second Priority Secured Party (a) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to, the use of such cash collateral or to such DIP Financing, (b) will not request or
accept adequate protection or any other relief in connection with the use of such cash collateral or such DIP Financing except as set forth in paragraph 5.4 below and (c) will subordinate (and will be deemed hereunder to have subordinated) the
Second Priority Liens (i) to such DIP Financing on the same terms as the First Priority Liens are subordinated thereto (and such subordination will not alter in any manner the terms of this Agreement), (ii) to any adequate protection provided
to the First Priority Secured Parties and (iii) to any “carve-out” agreed to by the First Priority Representative or the other First Priority Secured Parties, and (d) agrees that notice
received two calendar days prior to the entry of an order approving such usage of cash collateral or approving such financing shall be adequate notice. 

5.3    Relief From the Automatic Stay. The Second Priority Representative agrees, on behalf of itself and the other
Second Priority Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Common Collateral, without the
prior written consent of the First Priority Representative. 

  
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 5.4    Adequate Protection. The Second Priority Representative,
on behalf of itself and the other Second Priority Secured Parties, agrees that none of them shall object, contest, or support any other Person objecting to or contesting, (a) any request by the First Priority Representative or the other First
Priority Secured Parties for adequate protection or any adequate protection provided to the First Priority Representative or the other First Priority Secured Parties or (b) any objection by the First Priority Representative or any other First
Priority Secured Parties to any motion, relief, action or proceeding based on a claim of a lack of adequate protection or (c) the payment of interest, fees, expenses or other amounts to the First Priority Representative or any other First
Priority Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise. Notwithstanding anything contained in this Section and in Section 5.2(b) (but subject to all other provisions of this Agreement, including, without
limitation, Sections 5.2(a) and 5.3), in any Insolvency Proceeding, (i) if the First Priority Secured Parties (or any subset thereof) are granted adequate protection consisting of additional collateral (with replacement liens on such additional
collateral) and superpriority claims in connection with any DIP Financing or use of cash collateral, and the First Priority Secured Parties do not object to the adequate protection being provided to them, then in connection with any such DIP
Financing or use of cash collateral the Second Priority Representative, on behalf of itself and any of the Second Priority Secured Parties, may seek or accept adequate protection consisting solely of (x) a replacement Lien on the same
additional collateral, subordinated to the Liens securing the First Priority Obligations and such DIP Financing on the same basis as the other Liens securing the Second Priority Obligations are so subordinated to the First Priority Obligations under
this Agreement, (y) superpriority claims junior in all respects to the superpriority claims granted to the First Priority Secured Parties and (z) subject to the right of the First Priority Secured Parties to object thereto, the payment of
post-petition interest at the pre-default rate (provided, in the case of this clause (z), that the First Priority Secured Parties have been granted adequate protection in the form of post-petition interest at
a rate no lower than the pre-default rate), provided, however, that the Second Priority Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of the Bankruptcy Code,
on behalf of itself and the Second Priority Secured Parties, in any stipulation and/or order granting such adequate protection, that such junior superpriority claims may be paid under any plan of reorganization in any combination of cash, debt,
equity or other property having a value on the effective date of such plan equal to the allowed amount of such claims and (ii) in the event the Second Priority Representative, on behalf of itself and the Second Priority Secured Parties, seeks
or accepts adequate protection in accordance with clause (i) above and such adequate protection is granted in the form of additional collateral, then the Second Priority Representative, on behalf of itself or any of the Second Priority Secured
Parties, agrees that the First Priority Representative shall also be granted a senior Lien on such additional collateral as security for the First Priority Obligations and any such DIP Financing and that any Lien on such additional collateral
securing the Second Priority Obligations shall be subordinated to the Liens on such collateral securing the First Priority Obligations and any such DIP Financing (and all Obligations relating thereto) and any other Liens granted to the First
Priority Secured Parties as adequate protection, with such subordination to be on the same terms that the other Liens securing the Second Priority Obligations are subordinated to such First Priority Obligations under this Agreement. The Second
Priority Representative, on behalf of itself and the other Second Priority Secured Parties, agrees that except as expressly set forth in this Section none of them shall seek or accept adequate protection without the prior written consent of the
First Priority Representative. 
 5.5    Avoidance Issues. If any First Priority Secured Party is required in any
Insolvency Proceeding or otherwise to disgorge, turn over or otherwise pay to the estate of any Grantor, because such 

  
 15 

 
amount was avoided or ordered to be paid or disgorged for any reason, including without limitation because it was found to be a fraudulent or preferential transfer, any amount (a
“Recovery”), whether received as proceeds of security, enforcement of any right of set-off or otherwise, then the First Priority Obligations shall be reinstated to the extent of such Recovery
and deemed to be outstanding as if such payment had not occurred and the First Priority Obligations Payment Date shall be deemed not to have occurred. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be
reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. The Second Priority Secured Parties agree that none of them shall be entitled
to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance
action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement. 

5.6    Asset Dispositions in an Insolvency Proceeding. In an Insolvency Proceeding, neither the Second Priority
Representative nor any other Second Priority Secured Party shall oppose any sale or disposition of any assets of any Grantor that is supported by the First Priority Secured Parties, and the Second Priority Representative and each other Second
Priority Secured Party will be deemed to have consented under Section 363 of the Bankruptcy Code (and otherwise) to any sale supported by the First Priority Secured Parties and to have released their Liens on such assets. 

5.7    Separate Grants of Security and Separate Classification. Each Secured Party acknowledges and agrees that
(a) the grants of Liens pursuant to the First Priority Security Documents and the Second Priority Security Documents constitute two separate and distinct grants of Liens and (b) because of, among other things, their differing rights in the
Common Collateral, the First Priority Obligations and the Second Priority Obligations are fundamentally different from each other and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding. To
further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the First Priority Secured Parties and Second Priority Secured Parties in respect of the Common Collateral constitute
only one secured claim (rather than separate classes of senior and junior secured claims), then the Second Priority Secured Parties hereby acknowledge and agree that all distributions shall be made as if there were separate classes of senior and
junior secured claims against the Grantors in respect of the Common Collateral, with the effect being that, to the extent that the aggregate value of the Common Collateral is sufficient (for this purpose ignoring all claims held by the Second
Priority Secured Parties), the First Priority Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all
amounts owing in respect of Post-Petition Interest before any distribution is made in respect of the claims held by the Second Secured Priority Secured Parties. The Second Priority Secured Parties hereby acknowledge and agree to turn over to the
First Priority Secured Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of the preceding sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority
Secured Parties. 
 5.8    No Waivers of Rights of First Priority Secured Parties. Nothing contained herein shall
prohibit or in any way limit the First Priority Representative or any other First Priority Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by any Second Priority Secured Party not expressly permitted
hereunder, including the seeking by any Second Priority Secured Party of adequate protection (except as provided in Section 5.4). 

  
 16 

 5.9    Other Matters. To the extent that the Second Priority
Representative or any Second Priority Secured Party has or acquires rights under Section 363 or Section 364 of the Bankruptcy Code with respect to any of the Common Collateral, the Second Priority Representative agrees, on behalf of itself
and the other Second Priority Secured Parties not to assert any of such rights without the prior written consent of the First Priority Representative unless expressly permitted to do so hereunder. 

5.10    Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is
a “subordination agreement” under section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of an Insolvency Proceeding. 

SECTION 6. Security Documents. 

In the event the First Priority Representative enters into any amendment, waiver or consent in respect of any of the First Priority Security
Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any First Priority Security Document or changing in any manner the rights of any parties thereunder, then such amendment,
waiver or consent shall apply automatically to any comparable provision of the Comparable Second Priority Security Document without the consent of or action by any Second Priority Secured Party (with all such amendments, waivers and modifications
subject to the terms hereof); provided that (other than with respect to amendments, modifications or waivers that secure additional extensions of credit and add additional secured creditors and do not violate the express provisions of any
Second Priority Agreement), (a) no such amendment, waiver or consent shall have the effect of removing assets subject to the Lien of any Second Priority Security Document, except to the extent that a release of such Lien is permitted by
Section 4.2 and provided there is a corresponding release of the Lien securing the First Priority Obligations, (b) any such amendment, waiver or consent that materially and adversely affects the rights of the Second Priority Secured
Parties and does not affect the First Priority Secured Parties in a like or similar manner shall not apply to the Second Priority Security Documents without the consent of the Second Priority Representative and (c) notice of such amendment,
waiver or consent shall be given to the Second Priority Representative no later than 30 days after its effectiveness, provided that the failure to give such notice shall not affect the effectiveness and validity thereof. 

SECTION 7. Reliance; Waivers; etc. 

7.1    Reliance. The First Priority Documents are deemed to have been executed and delivered, and all extensions of
credit thereunder are deemed to have been made or incurred, in reliance upon this Agreement. The Second Priority Representative, on behalf of it itself and the Second Priority Secured Parties, expressly waives all notice of the acceptance of and
reliance on this Agreement by the First Priority Secured Parties. The Second Priority Documents are deemed to have been executed and delivered and all extensions of credit thereunder are deemed to have been made or incurred, in reliance upon this
Agreement. The First Priority Representative expressly waives all notices of the acceptance of and reliance by the Second Priority Representative and the Second Priority Secured Parties. 

7.2    No Warranties or Liability. The Second Priority Representative and the First Priority Representative
acknowledge and agree that neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectibility or enforceability of any other First Priority Document or any Second Priority Document. Except
as otherwise provided in this Agreement, the Second Priority Representative and the First Priority Representative will be entitled to manage and supervise their respective extensions of credit to any Grantor in accordance with law and their usual
practices, modified from time to time as they deem appropriate. 

  
 17 

 7.3    No Waivers. No right or benefit of any party hereunder
shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of such party or any other party hereto or by any noncompliance by any Grantor with the terms and conditions of any of the First Priority Documents or
the Second Priority Documents. 
 SECTION 8. Obligations Unconditional. 

8.1    First Priority Obligations Unconditional. All rights and interests of the First Priority Secured Parties
hereunder, and all agreements and obligations of the Second Priority Secured Parties (and, to the extent applicable, the Grantors) hereunder, shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any First Priority Document; 

(b) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the First Priority
Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any First Priority Document; 

(c) prior to the First Priority Obligations Payment Date, any exchange, release, voiding, avoidance or non-perfection of any security interest in any Common Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing,
replacement, refunding or restatement of all or any portion of the First Priority Obligations or any guarantee or guaranty thereof; or 

(d) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Grantor in respect
of the First Priority Obligations or any Second Priority Secured Party in respect of this Agreement. 
 8.2    Second
Priority Obligations Unconditional. All rights and interests of the Second Priority Secured Parties hereunder, and all agreements and obligations of the First Priority Secured Parties (and, to the extent applicable, the Grantors) hereunder,
shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any Second Priority
Document; 
 (b) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the
Second Priority Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Priority Document; 

(c) any exchange, release, voiding, avoidance or non-perfection of any security
interest in any Common Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of all or any portion of the
Second Priority Obligations or any guarantee or guaranty thereof; or 

  
 18 

 (d) any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Grantor in respect of the Second Priority Obligations or any First Priority Secured Party in respect of this Agreement. 

SECTION 9. Miscellaneous. 

9.1    Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any
First Priority Document or any Second Priority Document with respect to the priority of any Liens granted thereunder or the exercise of any rights or remedies thereunder, the provisions of this Agreement shall govern. 

9.2    Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable
by any party hereto, until the First Priority Obligation Payment Date shall have occurred. This is a continuing agreement and the First Priority Secured Parties and the Second Priority Secured Parties may continue, at any time and without notice to
the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Company or any other Grantor on the faith hereof.1

 9.3    Amendments; Waivers. (a) No amendment or modification of any of the provisions of this Agreement
shall be effective unless the same shall be in writing and signed by the First Priority Representative and the Second Priority Representative, and, in the case of amendments or modifications of any provision that directly affects the rights or
duties of any Grantor, including Sections 3.5, 3.6, 9.5 or 9.6, such Grantor. 
 (b) It is understood that the First Priority Representative
and the Second Priority Representative, without the consent of any other First Priority Secured Party or Second Priority Secured Party, may in their discretion determine that a supplemental agreement (which make take the form of an amendment and
restatement of this Agreement) is necessary or appropriate to facilitate having additional indebtedness or other obligations (“Additional Debt”) of any of the Grantors become First Priority Obligations or Second Priority
Obligations, as the case may be, under this Agreement, which supplemental agreement shall specify whether such Additional Debt constitutes First Priority Obligations or Second Priority Obligations, provided, that such Additional Debt is
permitted to be incurred by the applicable First Priority Agreement and Second Priority Agreement then extant, and is permitted by said Agreements to be subject to the provisions of this Agreement as First Priority Obligations or Second Priority
Obligations, as applicable. 
 9.4    Information Concerning Financial Condition of the Company and the other
Grantors. Each of the Second Priority Representative and the First Priority Representative hereby assume responsibility for keeping itself informed of the financial condition of the Company and each of the other Grantors and all other
circumstances bearing upon the risk of nonpayment of the First Priority Obligations or the Second Priority Obligations. The Second Priority Representative and the First Priority Representative hereby agree that no party shall have any duty to advise
any other party of information known to it regarding such condition or any such circumstances. In the event the Second Priority Representative or the First Priority Representative, in its sole discretion, undertakes at any time or from time to time
to provide any information to any other party to this Agreement, it shall be under no obligation (a) to provide any such information to such other party or any other party on any subsequent occasion, (b) to undertake any investigation not
a part of its regular business routine, or (c) to disclose any other information. 
  

 

	1 	 Note to Skadden: If the 1L is paid off, we don’t think the 2L should still be subject to the ICA.

  
 19 

 9.5    Governing Law. This Agreement shall be construed in
accordance with and governed by the law of the State of New York, except as otherwise required by mandatory provisions of law and except to the extent that remedies provided by the laws of any jurisdiction other than the State of New York are
governed by the laws of such jurisdiction. 
 9.6    Submission to Jurisdiction. (a) Each First Priority Secured
Party, each Second Priority Secured Party and each Grantor hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of
the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each
such party hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each such party
agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the
any First Priority Secured Party or Second Priority Secured Party may otherwise have to bring any action or proceeding against any Grantor or its properties in the courts of any jurisdiction. 

(b) Each First Priority Secured Party, each Second Priority Secured Party and each Grantor hereby irrevocably and unconditionally waives, to
the fullest extent it may legally and effectively do so (i) any objection it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph
(a) of this Section and (ii) the defense of an inconvenient forum to the maintenance of such action or proceeding. 
 (c) Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.7. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted
by law. 
 9.7    Notices. Unless otherwise specifically provided herein, any notice or other communication
herein required or permitted to be given shall be in writing and may be personally served, telecopied, or sent by overnight express courier service or United States mail and shall be deemed to have been given when delivered in person or by courier
service, upon receipt of a telecopy or five days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto (until notice of a change thereof is
delivered as provided in this Section) shall be as set forth below each party’s name on the signature pages hereof, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties.

 9.8    Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of each of
the parties hereto and each of the First Priority Secured Parties and Second Priority Secured Parties and their respective successors and assigns, and nothing herein is intended, or shall be construed to give, any other Person any right, remedy or
claim under, to or in respect of this Agreement or any Common Collateral. 

  
 20 

 9.9    Headings. Section headings used herein are for convenience
of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

9.10    Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

9.11    Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or
electronic submission shall be effective as delivery of a manually executed counterpart of this Agreement. This Agreement shall become effective when it shall have been executed by each party hereto. The words “execution,”
“signed,” “signature,” “delivery,” and words of like import in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic
signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar
state laws based on the Uniform Electronic Transactions Act. 
 9.12    WAIVER OF JURY
TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 

9.13    Additional Grantors. Each Person that becomes a Grantor after the date hereof shall become a party to this
Agreement upon execution and delivery by such Person of a Joinder Agreement in the form of Exhibit A hereto. 
  

  
 21 

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

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as First Priority Representative for and on behalf of the First Priority Secured Parties
		
	By:	 	 /s/ Andrew Lennon

	Name:	 	Andrew Lennon
	Title:	 	AVP
	
	Address for Notices:
	1100 North Market Street
	Wilmington, DE 19890
	
	Attention: Andrew Lennon
	Telecopy No.: 302-636-4145
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Second Priority Representative for and on behalf of the Second Priority Secured Parties
		
	By:	 	 /s/ Andrew Lennon

	Name:	 	Andrew Lennon
	Title:	 	AVP
	
	Address for Notices:
	1100 North Market Street
	Wilmington, DE 19890
	
	Attention: Andrew Lennon
	Telecopy No.: 302-636-4145

  
 [Signature Page to
Intercreditor Agreement] 

			
	GIVEN under the COMMON SEAL
	of ENDO INTERNATIONAL PLC,
	as a Grantor
	by:
	
	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	Address for Notices for each Grantor:
	
	1400 Atwater Drive
	Malvern, Pennsylvania 19355
	United States
	
	Attention:
	Telecopy No:

  
 [Signature Page to
Intercreditor Agreement] 

			
	ACTIENT THERAPEUTICS LLC
	ANCHEN 2 INCORPORATED
	ANCHEN INCORPORATED
	ANCHEN PHARMACEUTICALS, INC.
	ANCHEN PHARMACEUTICALS 2, INC.
	ASTORA WOMEN’S HEALTH, LLC
	AUXILIUM INTERNATIONAL HOLDINGS, LLC
	AUXILIUM PHARMACEUTICALS, LLC
	DAVA PHARMACEUTICALS, LLC
	ENDO AESTHETICS LLC
	ENDO GENERICS HOLDINGS, INC.
	ENDO GLOBAL FINANCE LLC
	ENDO HEALTH SOLUTIONS INC.
	ENDO INNOVATION VALERA LLC
	ENDO PHARMACEUTICALS INC.
	ENDO PHARMACEUTICALS FINANCE LLC
	ENDO PHARMACEUTICALS SOLUTIONS INC.
	ENDO PHARMACEUTICALS VALERA INC.
	ENDO U.S. FINANCE, LLC
	GENERICS INTERNATIONAL (US PARENT), INC.
	GENERICS INTERNATIONAL (US) 2, INC.
	GENERICS INTERNATIONAL (US), INC.
	GENERICS INTERNATIONAL VENTURES ENTERPRISES LLC
	INNOTEQ 2, INC.
	INNOTEQ, INC.
	JHP GROUP HOLDINGS, LLC
	JHP GROUP HOLDINGS 2, INC.
	KALI LABORATORIES, LLC
	KALI LABORATORIES 2, INC.
	PAR, LLC
	PAR PHARMACEUTICAL, INC.
	PAR PHARMACEUTICAL 2, INC.
	PAR PHARMACEUTICAL COMPANIES, INC.
	PAR PHARMACEUTICAL HOLDINGS, INC.
	PAR STERILE PRODUCTS, LLC
	PAR TWO, INC.
	SLATE PHARMACEUTICALS, LLC
	each, as a Grantor
		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO LLC
	ENDO FINCO INC.
	ENDO FINANCE LLC
	ENDO FINANCE OPERATIONS LLC
	ENDO U.S. INC.
	PALADIN LABS CANADIAN HOLDING INC.
	PALADIN LABS INC.
	each, as a Grantor
		
	By:	 	 /s/ Deanna
Voss                                    

	Name:	 	Deanna Voss
	Title:	 	Secretary
	
	ACTIENT PHARMACEUTICALS LLC
	AUXILIUM US HOLDINGS, LLC
	each, as a Grantor
	 By: AUXILIUM PHARMACEUTICALS, LLC, as its Manager

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	70 MAPLE AVENUE, LLC
	TIMM MEDICAL HOLDINGS, LLC
	each, as a Grantor
	 By: ACTIENT PHARMACEUTICALS LLC, as its Manager

	 By: AUXILIUM PHARMACEUTICALS, LLC, as its Manager

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	GENERICS BIDCO I, LLC
	MOORES MILL PROPERTIES L.L.C.
	QUARTZ SPECIALTY PHARMACEUTICALS, LLC
	VINTAGE PHARMACEUTICALS, LLC
	each, as a Grantor
	 By: GENERICS INTERNATIONAL (US), INC., as its Manager

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO PAR INNOVATION COMPANY, LLC,
	as a Grantor
	 By: PAR PHARMACEUTICAL, INC., as its Manager

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	JHP ACQUISITION, LLC,
	as a Grantor
	 By: JHP GROUP HOLDINGS, LLC, as its Manager

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary
	
	DAVA INTERNATIONAL, LLC,
	as a Grantor
	 By: DAVA PHARMACEUTICALS, LLC, as its Manager

		
	By:	 	 /s/ Deanna Voss

	Name:	 	Deanna Voss
	Title:	 	Assistant Secretary

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO SOMAR HOLDINGS B.V.,
	as a Grantor
		
	By:	 	 /s/ Rahul Garella

	Name:	 	Rahul Garella
	Title:	 	Managing Director A
		
	By:	 	 /s/ Gert Han Rietberg

	Name:	 	Gert Jan Rietberg
	Title:	 	Managing Director B

  
 [Signature Page to
Intercreditor Agreement] 

			
	PAR LABORATORIES EUROPE, LTD.,
	as a Grantor
		
	By:	 	 /s/ Rahul Garella

	Name:	 	Rahul Garella
	Title:	 	Director

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO VENTURES CYPRUS LIMITED,
	as a Grantor
		
	By:	 	 /s/ Jennifer Veronica O’Connell

	Name:	 	Jennifer Veronica O’Connell
	Title:	 	Director

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO VENTURES BERMUDA LIMITED,
	as a Grantor
		
	By:	 	 /s/ Marie-Therese Bolger

	Name:	 	Marie-Therese Bolger
	Title:	 	Director
	
	ENDO GLOBAL VENTURES,
	as a Grantor
		
	By:	 	 /s/ Marie-Therese Bolger

	Name:	 	Marie-Therese Bolger
	Title:	 	Director
	
	ENDO BERMUDA FINANCE LIMITED,
	as a Grantor
		
	By:	 	 /s/ Rahul Garella

	Name:	 	Rahul Garella
	Title:	 	Director
	
	OPERATIONS REFINANCING COMPANY BERMUDA LIMITED,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

	Name:	 	Mark T. Bradley
	Title:	 	Director

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO DESIGNATED ACTIVITY COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO AESTHETICS LOGISTICS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO GLOBAL AESTHETICS LIMITED, as a Grantor 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO PROCUREMENT OPERATIONS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO GLOBAL BIOLOGICS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO GLOBAL DEVELOPMENT LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO EUROFIN UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO MANAGEMENT LIMITED, as a Grantor, 
 by
its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO VENTURES LIMITED, as a Grantor, 
 by its
lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE II UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE III UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE IV UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO FINANCE V UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO IRELAND FINANCE II LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO IRELAND HOLDINGS LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO TOPFIN LIMITED, as a Grantor, 
 by its
lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of ENDO IRELAND FINANCE UNLIMITED COMPANY, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

 SIGNED and DELIVERED as a DEED 

for and on behalf of HAWK ACQUISITION IRELAND LIMITED, as a Grantor, 

by its lawfully appointed attorney 
  

	
	 /s/ Jennifer O’ Connell

	Attorney Signature

 in the presence of: 
  

	
	 /s/ Luke William Preston-Marshall

	Witness Signature
	
	 Luke William Preston-Marshall

	Witness Name
	
	 Crosbie’s Yrd, Dublin 3

	Witness Address
	
	 Solicitor

	Witness Occupation

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO LUXEMBOURG FINANCE COMPANY I S.À R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg R.C.S. Luxembourg: B 182645,
	as a Grantor
		
	By:	 	 /s/ Mark T.
Bradley                            

		 	Name: Mark T. Bradley
		 	Title:   Manager A
	
	ENDO LUXEMBOURG FINANCE COMPANY II S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg R.C.S. Luxembourg: B 182794,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

		 	Name: Mark T. Bradley
		 	Title: Manager A
	
	ENDO LUXEMBOURG HOLDING COMPANY S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg R.C.S. Luxembourg: B 182517,
	as a Grantor
		
	By:	 	 /s/ Mark T. Bradley

		 	Name: Mark T. Bradley
		 	Title: Manager A

  
 [Signature Page to
Intercreditor Agreement] 

			
	ENDO LUXEMBOURG INTERNATIONAL FINANCING SARL,
	Société à responsabilité limitée
	Registered office: 6, rue Eugène Ruppert, L-2453 Luxembourg R.C.S. Luxembourg: B 221412,
	as a Grantor

			
		
	By:	 	 /s/ Mark T.
Bradley                    

		 	Name: Mark T. Bradley
		 	Title: Manager A

			
	
	ENDO US HOLDINGS LUXEMBOURG I S.À.R.L.,
	Société à responsabilité limitée
	Registered office: 5, Place de la Gare, L-1616 Luxembourg R.C.S. Luxembourg: B 197803,
	as a Grantor

			
		
	By:	 	 /s/ Mark T. Bradley

		 	Name: Mark T. Bradley
		 	Title: Manager A

			
	
	LUXEMBOURG ENDO SPECIALTY PHARMACEUTICALS HOLDING I S.À.R.L.,
	Société à responsabilité limitée
	 Registered office: 6, rue Eugène Ruppert, L-2453 Luxembourg

R.C.S. Luxembourg: B 204925,

	as a Grantor

			
		
	By:	 	 /s/ Mark T. Bradley

		 	Name: Mark T. Bradley
		 	Title: Manager A

  
 [Signature Page to
Intercreditor Agreement] 

 THIS ADDITIONAL GRANTOR JOINDER AGREEMENT (this “Agreement”), dated as of
            , 202    , is executed by                     , a
                     (the “New Grantor”) in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral trustee (in such
capacity, the “First Priority Representative”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral trustee (in such capacity, the “Second Priority Representative”), under that certain Intercreditor Agreement
(the “Intercreditor Agreement”), dated as of June 16, 2020 among the First Priority Representative, the Second Priority Representative, each additional representative in respect of Additional Debt from time to time party
thereto and each of the other Grantors from time to time party thereto. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Intercreditor Agreement. 

The New Grantor, for the benefit of the First Priority Representative and the Second Priority Representative, hereby agrees as follows: 

1.    The New Grantor hereby acknowledges the Intercreditor Agreement and acknowledges, agrees and confirms that, by its
execution of this Agreement, the New Grantor will be deemed to be a Grantor under the Intercreditor Agreement and shall have all of the obligations of a Grantor thereunder as if it had executed the Intercreditor Agreement. The New Grantor hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Intercreditor Agreement. 

2.    The address of the New Grantor for purposes of Section 9.7 of the Intercreditor Agreement is as follows: 

 

                       
                              

                       
                              

                       
                              

                       
                              

3.    THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE NEW GRANTOR HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the New Grantor has caused this Agreement to be duly executed by its
authorized officer, as of the day and year first above written. 
  

			
	[NEW GRANTOR]
		
	By:	 	
                     
                                         
   

	Name:	 	  

	Title:

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