Document:

MYL_EX10.3_2013.03.31-10Q

	
	
	Portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request. Omissions are designated as ***.

Exhibit 10.3

RESTRICTIVE COVENANTS AGREEMENT
THIS RESTRICTIVE COVENANTS AGREEMENT (this "Agreement"), is made with an effective date of February 27, 2013, by and between Strides Arcolab Limited, a public limited company under the laws of India ("SAL"), Mylan Inc., a Pennsylvania corporation (the "Purchaser") and Arun Kumar and Pronomz Ventures LLP (each, a "Promoter" and collectively, the "Promoters").
W I T N E S S E T H:
WHEREAS, each of the Promoters owns a substantial interest in the issued and outstanding share capital of SAL;
WHEREAS, SAL is the sole legal and beneficial owner of the entire issued and outstanding share capital (the "Agila India Shares") of Agila Specialties Private Limited, a company incorporated in the Republic of India ("Agila India");
WHEREAS, SAL is the sole legal and beneficial owner of the entire issued and outstanding share capital  of Agila Specialties Asia Private Limited, a company incorporated in the Republic of Singapore ("Singapore Seller");
WHEREAS, Singapore Seller is the sole legal and beneficial owner of the entire issued and outstanding share capital (the "Agila Global Shares") of Agila Specialties Global Pte Ltd., a limited private company incorporated in the Republic of Singapore ("Agila Global"); 
WHEREAS, that certain Sale and Purchase Agreement of even date herewith (the "Agila India SPA") entered into by and among SAL, the Purchaser and the Promoters provides that SAL shall sell, and the Purchaser shall purchase, the Agila India Shares, subject to the terms and conditions set forth therein;
WHEREAS, that certain Sale and Purchase Agreement of even date herewith (the "Agila Global SPA") entered into by and among the Singapore Seller, the Purchaser and the Promoters, provides that the Singapore Seller shall sell, and the Purchaser shall purchase, the Agila Global Shares, subject to the terms and conditions set forth therein;  
WHEREAS, as a material inducement to the consummation of the transactions contemplated by each of the Agila India SPA and the Agila Global SPA, the Purchaser is requiring that SAL and each of the Promoters enter into this Agreement with the Purchaser as further consideration for the Purchaser's entering into each of the Agila India SPA and the Agila Global SPA; and

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WHEREAS, SAL and the Purchaser acknowledge that, but for the agreement of SAL to comply with the covenants herein, the Purchaser would not have entered into each of the Agila India SPA and the Agila Global SPA. 
NOW, THEREFORE, in consideration of the covenants and agreements hereinafter set forth and for other good and valuable consideration, the parties hereto agree as follows:
		
	1.
	Definitions; Interpretation. Unless otherwise indicated, capitalized terms not defined herein shall have the same meanings as in the Agila Global SPA and references to Clause or Schedule numbers in this Agreement shall be to the respective Clause or Schedule numbered as such in the Agila Global SPA.  The provisions of paragraph 2 of Schedule 12 (Definitions and Interpretation) shall apply to this Agreement mutatis mutandis.  All references herein to "the date of this Agreement" or "the date hereof" or other similar phrases shall be interpreted and construed as references to its effective date of February 27, 2013; and (ii) all references to the date of this Agreement in any other Transaction Document shall be interpreted and construed as references to such effective date.

		
	2.
	Consideration.  Each of the Promoters and SAL confirm that the cash to be paid by the Purchaser to SAL in exchange for the Agila India Shares and by the Purchaser to Singapore Seller in exchange for the Agila Global Shares is adequate consideration for their respective agreements under this Agreement.

		
	3.
	Warranties of SAL:  SAL hereby represents and warrants to the Purchaser:

		
	3.1
	it is a public limited company, duly established and validly existing under the laws of India and has the power to own its assets and carry on its business as it is being conducted as at the date hereof;

		
	3.2
	the obligations expressed to be assumed by it under this Agreement are legal, valid, binding and enforceable obligations;

		
	3.3
	it has full power and authority to enter into, execute and deliver this Agreement and to perform its obligations hereunder, and has taken all necessary action to authorise its entry into, performance and delivery of, this Agreement and the transactions contemplated by it;

		
	3.4
	any and all authorizations (of whatever kind) required or necessary to enable it lawfully to enter into, and exercise its rights and comply with its obligations pursuant to, this Agreement have been obtained or effected and are in full force and effect; and

		
	3.5
	neither the execution and the delivery of this Agreement, nor the performance by SAL of its obligations hereunder, will violate or conflict with any Applicable Law, statute, regulation, rule, injunction, judgment, order, decree or ruling of any Governmental Authority to which SAL is subject, or any provision of its organizational 

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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or constitutional documents or any agreement, deed or instrument binding on it or any of its assets to which SAL is party.
		
	4.
	Promoter Warranties:  Each Promoter hereby represents and warrants to the Purchaser:

		
	4.1
	with respect to Pronomz Ventures LLP only, it is limited liability partnership, duly established and validly existing under the laws of India and has the power to own its assets and carry on its business as it is being conducted as at the date hereof;

		
	4.2
	the obligations expressed to be assumed by it under this Agreement are legal, valid, binding and enforceable obligations;

		
	4.3
	it has full power and authority to enter into, execute and deliver this Agreement and to perform its obligations hereunder, and has taken all necessary action to authorise its entry into, performance and delivery of, this Agreement and the transactions contemplated by it;

		
	4.4
	any and all authorizations (of whatever kind) required or necessary to enable it lawfully to enter into, and exercise its rights and comply with its obligations pursuant to, this Agreement have been obtained or effected and are in full force and effect; and

		
	4.5
	neither the execution and the delivery of this Agreement, nor the performance by it of its obligations hereunder, will violate or conflict with any Applicable Law, statute, regulation, rule, injunction, judgment, order, decree or ruling of any Governmental Authority to which it is subject or any agreement, deed or instrument binding on it or any of its assets to which it is party.

		
	5.
	Protection of Purchaser's Interests

		
	5.1
	In this Section 5:

		
	5.1.1
	"Competing Business" means developing, manufacturing, distributing, marketing or selling any injectable, parenteral, ophthalmic or oncology pharmaceutical products for human use anywhere in the world.

		
	5.1.2
	"Recognised Stock Exchange" has the meaning given to it in section 1137 of the CTA 2010 and shall include each of the Bombay Stock Exchange and the National Stock Exchange, India.

		
	5.1.3
	"Seller's Group" means the group of companies comprising SAL and any Subsidiary of SAL and any of their respective Affiliates.

		
	5.2
	Subject to Section 5.7, each of the Promoters and SAL covenants with the Purchaser that from Completion:

		
	5.2.1
	until the expiration of *** from Completion, no member of the Seller's Group nor any of the Promoters shall (whether alone or jointly with another and 

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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whether directly or indirectly) carry on or be engaged, concerned or interested economically or otherwise in any manner in a Competing Business save that the Promoters (severally) and the Seller's Group may purchase or hold purely for financial investment purposes:
		
	(A)
	up to *** of the securities (or any class of securities) of any company whose securities are quoted or dealt on a Recognised Stock Exchange, provided that they do not grant, directly or indirectly, management functions or any material influence in that company; and

		
	(B)
	up to *** of the securities (or any class of securities) of a company whose securities are not so quoted or dealt, provided that they do not grant, directly or indirectly, management functions or any material influence in that company; and

		
	5.2.2
	until the expiration of *** from Completion, no member of the Seller's Group nor any of the Promoters shall (whether alone or jointly with another and whether directly or indirectly) solicit from any Group Company any Person who is or was at any time during the prior *** period, a Senior Employee with a view to inducing that Person to leave such employment or engagement with any Group Company or solicit or offer to employ any Person employed by the Purchaser or any of its Affiliates.  Nothing in this Section is intended to restrict the ability of either of the Promoters or any member of the Seller's Group from:

		
	(A)
	soliciting or employing any Senior Employee whose employment was terminated more than *** prior to such date or has ceased to be employed by any member of the Group for at least ***; or

		
	(B)
	publishing and hiring through general advertisements or solicitation not specifically targeted to such Senior Employee.

		
	5.3
	For the purposes of Section 5.2.1(A) and 5.2.1(B), any transactions undertaken by members of the Seller's Group shall be aggregated and treated as undertaken by a single member.

		
	5.4
	The Purchaser covenants with SAL that until the Completion Date (or, if Completion does not take place in accordance with this Agreement, until the *** of the Longstop Date) neither the Purchaser, nor any of its Affiliates, shall solicit from any Group Company any Person who is a Senior Employee with a view to inducing that Person to leave such employment or engagement with any Group Company.  Nothing in this Section is intended to restrict the ability of the Purchaser, nor any of its Affiliates, from:

		
	5.4.1
	soliciting or employing any Senior Employee whose employment was terminated *** prior to such date or has ceased to be employed by any 

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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member of the Group, the Agila Group or any member of the Seller's Group for ***; or
		
	5.4.2
	publishing and hiring through general advertisements or solicitation not specifically targeted to such Senior Employee.

		
	5.5
	The restrictions entered into by:

		
	5.5.1
	SAL, the members of the Seller's Group and each Promoter in Section 5.2 are given to the Purchaser for itself and to its Affiliates and for each Group Company.  SAL and each Promoter agrees that any of the Purchaser's Affiliates and any Group Company shall be able to enforce this provision against SAL, the members of the Seller's Group and such Promoter; and

		
	5.5.2
	the Purchaser in Section 5.3 are given to SAL for itself and for each member of the Seller's Group. The Purchaser agrees that any member of the Seller's Group shall be able to enforce this provision against the Purchaser.

		
	5.6
	SAL and each Promoter hereby acknowledges that each restriction entered into by SAL and each Promoter is an entirely independent restriction and is no greater than is reasonably necessary to protect the interests of the Purchaser and its Affiliates and does not bear harshly upon it.

		
	5.7
	Notwithstanding this Section 5, the Promoters and members of the Seller's Group (and Akorn in relation to Section 5.7.6) (as applicable) may undertake the following: 

		
	5.7.1
	***

		
	5.7.2
	*** 

		
	5.7.3
	***

		
	5.7.4
	***

		
	5.7.5
	***

		
	5.7.6
	***

		
	5.7.7
	***

		
	5.7.8
	***

		
	5.7.9
	***

		
	5.8
	Following Completion, and for a period of *** from the Completion Date, save as permitted by Clause 5.2.1, the Promoters shall be prohibited from acquiring any interest in, partnering with, forming a joint venture with, merging or combining with (a "Combination Transaction") a business which develops, manufactures, distributes, markets or sells Relevant Products (a "Competing Business").  However, either of the Promoters may enter into a Combination Transaction with a 

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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Person where a Competing Business contributes less than 7.5% of its annual revenue, or *** (the "Competing Division").  In such case, the relevant Promoter must ensure that the Competing Division is disposed of as soon as practicable and in any event within *** from the date the relevant interest was acquired.  The Purchaser agrees that, provided the Promoter complies with this provision, it will not be deemed to be in breach of Section 5.2 in connection with the acquisition of such interest.
		
	6.
	Remedies.  Each of the Promoters and SAL acknowledges, stipulates and agrees that irreparable injury may result to the Purchaser and its Affiliates in the event of a breach of any of the covenants or agreements contained herein, and each of the parties agrees that in the event of any such breach or threatened breach of any of the provisions set forth herein, the Purchaser shall be entitled, in addition to any other remedies available to it (including without limitation damages and any right of offset), to seek a  preliminary injunction, permanent injunction or other injunctive relief, without posting any bond or other security, compelling such Promoter or SAL or member of the Seller's Group, as applicable, to comply with any and all such provisions.  Nothing herein contained shall be construed as an election of remedies or as a waiver of any right available to the Purchaser under this Agreement or the Applicable Law, including the right to seek damages from any or all of the Promoters, SAL and members of the Seller's Group for a breach of any provision of this Agreement, nor shall this Section 6 be construed to limit the rights or remedies available under Applicable Law for any violation of any provision of this Agreement.

		
	7.
	Severability.  It is the desire and intent of the parties that the covenants and agreements set forth in this Agreement will be enforced to the fullest extent permissible under the Applicable Laws and public policies applied in each jurisdiction in which enforcement is sought and the parties agree that, whenever possible, each provision and term of this Agreement will be interpreted in a manner to be effective and valid, but if any provision or term of this Agreement is held to be prohibited by Applicable Law or otherwise invalid, then such provision or term will be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder of such provision or term or the remaining provisions or terms of this Agreement.  If any of the covenants or agreements set forth in this Agreement are held to be unreasonable, arbitrary or against public policy, such covenants will be considered divisible with respect to scope, time and geographic area, and in such lesser scope, time and geographic area, will be effective, binding and enforceable against the applicable Person.

		
	8.
	Notices.  The provisions of Clause 17 (Notices) of the Agila India SPA shall apply to this Agreement mutatis mutandis.

		
	9.
	Governing Law.  This Agreement, and all claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement shall be governed by and construed in accordance with the internal Laws of the State of New York.

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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	10.
	Arbitration.  The provisions of Clause 19 (Arbitration) shall apply to this Agreement mutatis mutandis. 

		
	11.
	Mutual Drafting.  The parties have participated jointly in the negotiation and drafting of this Agreement.  In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.

		
	12.
	Assignment.  This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.  No assignment of this Agreement or of any rights or obligations hereunder may be made by any party, directly or indirectly (by operation of law or otherwise), without the prior written consent of the other parties hereto and any attempted assignment without the required consents shall be void, provided that the Purchaser shall have the right to assign any of its rights under this Agreement to any of its Affiliates.  No assignment of any obligations hereunder shall relieve the assigning party of any such obligations or of any liability for any breach by such party or such party’s assignee of any such obligations.

		
	13.
	Entire Agreement.  This Agreement, the Agila India SPA, the Agila Global SPA and the other Transaction Documents represent the entire understanding and agreement between the parties hereto with respect to the subject matter hereof.  This Agreement can be amended, supplemented or changed, and any provision hereof can be waived, only by written instrument making specific reference to this Agreement signed by the party against whom enforcement of any such amendment, supplement, modification or waiver is sought.  No action taken pursuant to this Agreement, including any investigation by or on behalf of any party, shall be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein.  The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach.  No failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy.

		
	14.
	Amendment and Restatement.  In consideration for accepting the rights and assuming the obligations ascribed to them under this Agreement, the parties hereby agree that the Original Agreement shall be amended and restated in its entirety in the form set out in this Agreement.  The parties hereby agree that this Agreement is executed on 5 April 2013 but that for all purposes it shall have an effective date of 27 February 2013.  For purposes hereof, "Original Agreement" means the agreement dated 27 February 2013 made between the parties regarding the restrictive covenants set forth herein.

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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	15.
	Counterparts.  This Agreement may be executed in any number of counterparts, including by means of facsimile, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be amended and restated as of 5 April 2013 but with an effective date of 27 February 2013.

	
			
	 
	PURCHASER:

	 
	 
	 

	 
	MYLAN INC.

	 
	 
	 

	 
	By:
	/s/ Heather Bresch

	 
	Name:
	Heather Bresch

	 
	Title:  
	Chief Executive Officer and Authorized Signatory

	 
	 
	 

	 
	SAL:
	 

	 
	 
	 

	 
	STRIDES ARCOLAB LIMITED

	 
	 
	 

	 
	By:
	/s/ Arun Kumar

	 
	Name:
	Arun Kumar

	 
	Title:
	Managing Director and Authorized Signatory

	 
	 
	 

	 
	PROMOTERS:

	 
	 
	 

	 
	ARUN KUMAR

	 
	By:
	/s/ Arun Kumar

	 
	Name:
	Arun Kumar

	 
	 
	 

	 
	PRONOMZ VENTURES LLP

	 
	 
	 

	 
	By:
	/s/ Arun Kumar

	 
	Name:
	Arun Kumar

	 
	Title:
	Partner and Authorized Signatory

9MYL_EX10.4_2013.03.31-10Q

	
	
	Portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request. Omissions are designated as ***.

Exhibit 10.4
Mylan Inc. (the "Purchaser")
1500 Corporate Drive
Canonsburg PA 15317
United States of America

Agila Specialties Asia Pte Ltd ("Strides Singapore")
8 Cross Street
#10-00 PWC Building
Singapore 048424

Strides Arcolab Limited ("SAL")
201, Devavrata 
Sector 17 
Navi Mumbai 400703
India

Arun Kumar
Strides House
Bilekahalli
Bannerghatta Road
Bangalore 560076
India

Pronomz Ventures LLP
Star 2 Opp. IIMB
Bilekahalli
Bannerghatta Road
Bangalore 560076 
India
together, the "Parties".
Effective date: 27 February 2013
Share Purchase Agreement with an effective date of 27 February 2013 by and among the Purchaser, Strides Singapore,  Arun Kumar and Pronomz Ventures LLP (each of Arun Kumar and Pronomz Ventures LLP being a "Promoter" and together the "Promoters") for the sale and purchase of the entire issued share capital of Agila Specialties Global Pte Ltd (the "Agila Global SPA").

Share Purchase Agreement with an effective date of 27 February 2013 between the Purchaser, SAL, Arun Kumar and Pronomz Ventures LLP (each of Arun Kumar and Pronomz Ventures LLP being a "Promoter" and together the "Promoters") for the sale and purchase of the entire issued share capital of Agila Specialties Pvt Limited ("Agila India SPA") (the Agila India SPA, and together with the Agila Global SPA, the "Agreements").

Unless the context requires otherwise, capitalised terms not defined in this deed (this "Completion Deed") shall have the meanings given to them in the Agreements (as applicable). The Parties agree that this Completion Deed, which is made as a deed, shall constitute a Transaction Document for the purposes of the Agreements (including for purposes of Clause 16.10, Clause 16.11 and Schedule 8 of the Agila Global SPA and the Agila India SPA, as the case may be). SAL and Strides Singapore are referred to herein as the "Sellers" and each a "Seller".
All references herein to "the date of this Deed" or "the date hereof" or other similar phrases shall be interpreted and construed as references to its effective date of February 27, 2013; and (ii) all references to the date of this Deed in any other Transaction Document shall be interpreted and construed as references to such effective date.
The Parties further agree that notwithstanding anything to the contrary in either of the Agreements:
In this Completion Deed, “Group Company” shall mean any company which falls within the definition of “Group Company” in either the Agila Global SPA or the Agila India SPA, “Applicable Law” means all laws, regulations, directives, statutes, subordinate legislation, common law, and civil codes of any jurisdiction and all codes of practice having force of law, all judgments, orders, notices, instructions, decisions and awards of any court or governmental authority falling within the definition of “Applicable Law” under the Agila Global SPA or the Agila India SPA and “Draft Limited Review Accounts”, “Final Limited Review Accounts” “Draft Individual Accounts”, “Final Individual Accounts” and “Accounts” mean in each case such accounts as fall within the definitions of those terms in either the Agila Global SPA or the Agila India SPA.
		
	1.
	APPLICABILITY OF CONDITIONS

		
	1.1
	Conditions under (and as defined in) the Agila India SPA, shall constitute Conditions under (and as defined in) the Agila Global SPA and shall be satisfied and/or waived in accordance with the relevant provisions set out in the Agila India SPA.

		
	1.2
	Conditions under (and as defined in) the Agila Global SPA, shall constitute Conditions under (and as defined in) the Agila India SPA and shall be satisfied and/or waived in accordance with the relevant provisions set out in the Agila Global SPA.

		
	2.
	SATISFACTION OF CONDITIONS AND TERMINATION

		
	2.1
	The Purchaser shall not be obligated to effect Completion under the Agila Global SPA unless and until all of the Conditions set forth on Schedule 2 to the Agila India SPA shall have been satisfied or waived by the relevant parties thereunder in accordance with the terms of the Agila India SPA.

		
	2.2
	The Purchaser shall not be obligated to effect Completion under the Agila India SPA unless and until all of the Conditions set forth on Schedule 2 to the Agila Global SPA shall have been satisfied or waived by the relevant parties thereunder in accordance with the terms of the Agila Global SPA.

		
	2.3
	If either the Agila Global SPA or the Agila India SPA terminates or is terminated in accordance with its terms, the Agila India SPA or the Agila Global SPA (respectively) shall also be treated as having terminated or been terminated in accordance with its terms.

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

2

		
	3.
	SIMULTANEOUS COMPLETION

Notwithstanding the provisions of the Agila Global SPA and the Agila India SPA, Completion under (and as defined in) the Agila Global SPA and Completion under (and as defined in) the Agila India SPA shall occur simultaneously at the later of the (i) time at which Completion would fall to take place under Clause 6.1 of the Agila Global SPA, and (ii) the time at which Completion would fall to take place under Clause 6.1 of the Agila India SPA provided that, at the time Completion under each of the Agila Global SPA and the Agila India SPA will fall to take place under this paragraph 3, the Negative Conditions set  out in each of the Agila Global SPA and the Agila India SPA are satisfied or waived in accordance with the terms of the Agila Global SPA and the Agila India SPA, as applicable.
		
	4.
	LEFT INTENTIONALLY BLANK

		
	5.
	RESTRICTIVE COVENANTS

The Purchaser and any of its Affiliates (including any Group Company) shall be entitled to enforce any obligation, undertaking or covenant of either of the Sellers, any member of the Seller's Group or either of the Promoters set forth in any of Clause 13 (Protection of Purchaser's Interests) of the Agila Global SPA, Clause 13 (Protection of Purchaser's Interests) of the Agila India SPA and/or the Restrictive Covenant Agreement (as defined in the Agila Global SPA) on an independent and non-exclusive basis, and the enforcement of any such obligation, undertaking or covenant pursuant to any of such agreements shall not preclude enforcement of the same or any similar obligation, undertaking or covenant under any or all of the other such agreements, it being the express intent of the parties thereto that such obligations, undertakings and covenants may be enforced in any relevant jurisdiction or territory and up to the maximum allowable time period permitted under Applicable Law (but for the avoidance of doubt no longer than the periods set out in the Restrictive Covenant Agreement).
		
	6.
	SAL WARRANTY

		
	6.1
	SAL hereby warrants to the Purchaser on the date of this Completion Deed in the terms set out at paragraphs 6.3 to 6.5 of this Completion Deed.

		
	6.2
	Except as set out above, for the purposes of paragraphs 6.3 to 6.5 of this Completion Deed, capitalised terms shall have the meanings given to them in the Agila Global SPA.

		
	6.3
	General

		
	6.3.1
	The Draft Limited Review Accounts have been prepared in accordance with the accounting policies stated in them and have been properly prepared and are accurate in all material respects and not misleading.

		
	6.3.2
	The Final Limited Review Accounts will be prepared in accordance with the accounting policies stated in them and will be properly prepared and will be accurate in all material respects and not misleading.

		
	6.3.3
	The Draft Individual Accounts have been prepared in accordance with the accounting policies stated in them and have been properly prepared and are accurate in all material respects and not misleading.

		
	6.3.4
	The Final Individual Accounts will:

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

3

		
	(A)
	have been prepared in accordance with the accounting policies stated in them; and

		
	(B)
	show a true and fair view of the state of affairs of the relevant Group Company as at the date of the relevant Final Individual Accounts and of its profit or loss for the accounting reference period ended on that date.

		
	6.4
	Position since Accounts Date

Since the Accounts Date:
		
	6.4.1
	apart from the dividends provided for or disclosed in the Accounts, no dividend or other distribution has been declared, paid or made by any Group Company to a party other than a Group Company;

		
	6.4.2
	the business of all Group Companies has been carried on in the Ordinary Course of Business and so as to maintain them as a going concern;

		
	6.4.3
	no Group Company has acquired or disposed of or agreed to acquire or dispose of any business or any material asset other than trading stock in the Ordinary Course of Business; and

		
	6.4.4
	there has not occurred any Material Adverse Effect.

		
	6.5
	No Undisclosed Liabilities

		
	6.5.1
	No Group Company has incurred or assumed any material Liabilities except for Liabilities: (i) reflected or reserved against in the Draft Limited Review Accounts or which will be reflected or reserved in the Final Limited Review Accounts; or (ii) incurred in the Ordinary Course of Business, since the Accounts Date.

		
	6.5.2
	No Group Company that has prepared Draft Individual Accounts has incurred or assumed any material Liabilities except for Liabilities: (i) reflected or reserved against in the Draft Individual Accounts or which will be reflected or reserved in the Final Individual Accounts; or (ii) incurred in the Ordinary Course of Business, since the Accounts Date.

		
	7.
	LIMITATIONS

		
	7.1
	***

		
	7.2
	***

		
	7.3
	***

		
	7.4
	***

		
	7.5
	Notwithstanding paragraphs 3.1 to 3.5 of Schedule 9 to the Agila Global SPA, it is agreed that this Completion Deed and the matters referred to in paragraphs 7.1, 7.2, 7.3 or 7.4 (as appropriate) of this Completion Deed will prevail in the event of inconsistency with paragraphs 3.1 to 3.5 of Schedule 9 to the Agila Global SPA.

		
	7.6
	Notwithstanding paragraphs 3.1 to 3.5 of Schedule 9 to the Agila India SPA, it is agreed that this Completion Deed and the matters referred to in paragraphs 7.1, 7.2, 7.3 or 7.4 (as appropriate) of this Completion Deed will prevail in the event of inconsistency with paragraphs 3.1 to 3.5 of Schedule 9 to the Agila India SPA.

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

4

		
	7.7
	***

		
	8.
	DISCLOSURE

		
	8.1
	The Seller shall not be liable in respect of a Claim under (and as defined in) the Agila Global SPA or pursuant to paragraph 6 of this Completion Deed to the extent that specific narrative disclosures (including reference(s) to any specific document(s)) against a particular Seller Warranty in the Agila India SPA are included in either the Signing Disclosure Letter (as defined in the Agila India SPA) or the Completion Disclosure Letter (as defined in the Agila India SPA), and such narrative disclosures will apply to all of the Seller Warranties in the Agila Global SPA and paragraph 6 of this Completion Deed to the extent they are or may be relevant, to the extent fairly disclosed. For the avoidance of doubt, references to disclosures of folders contained in the Data Room shall be limited to the specific Seller Warranty in the Agila India SPA to which it refers or against which it is limited.

		
	8.2
	The Seller shall not be liable in respect of a Claim under (and as defined in) the Agila India SPA or pursuant to paragraph 6 of this Completion Deed to the extent that specific narrative disclosures (including reference(s) to any specific document(s)) against a particular Seller Warranty in the Agila Global SPA are included in either the Signing Disclosure Letter (as defined in the Basil Global SPA) or the Completion Disclosure Letter (as defined in the Agila Global SPA), and such narrative disclosures will apply to all of the Seller Warranties in the Agila India SPA and paragraph 6 of this Completion Deed to the extent they are or may be relevant, to the extent fairly disclosed. For the avoidance of doubt, references to disclosures of folders contained in the Data Room shall be limited to the specific Seller Warranty in the Agila Global SPA to which it refers or against which it is limited.

		
	9.
	LIMITATION ON LIABILITY

		
	9.1
	The provisions in Schedule 9 (Limitations on Liability) to the Agila Global SPA (except for paragraphs 3.1, 3.2 and 3.3 of Schedule 9 to the Agila Global SPA) shall apply to paragraph 6 of this Completion Deed (the "Applicable Provisions") mutatis mutandis as if the following references in those Applicable Provisions were amended accordingly:

		
	9.1.1
	references to the “Seller” were references to SAL (as appropriate); and

		
	9.1.2
	references to a "Claim" or “General Claim” were references to a claim under this Completion Deed. 

		
	10.
	OTHER MATTERS

		
	10.1
	For the purposes of determining a Commitment that the Purchaser shall be required to undertake pursuant to Clause 4.4.3 of the Agila Global SPA and the Agila India SPA, it is agreed that a Commitment shall be aggregated across both the Agreements such that the Purchaser shall not be required to undertake a Commitment if it imposes directly or indirectly an obligation to sell, transfer, dispose or agree to any remedy, sanction, commitment, undertaking, modification, obligation or measure having similar effect to a sale, transfer or disposal with respect to any Assets (whether such Assets are of a Group Company, the Purchaser or any of its Affiliates, and whether such Assets are or relate to a Product Registration, any application filed for a Product Registration, rights to a pharmaceutical product under development, services provided to a third party in respect of any pharmaceutical product or otherwise) generating, in the aggregate, more than ***

		
	10.2
	For the purposes of determining the maximum amount of insurance premiums for D&O Insurance that the Purchaser shall be responsible for paying pursuant to Clause 12.4 of the 

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

5

Aglia Global SPA and the Agila India SPA, the total costs paid pursuant to the Agreements shall be *** 
		
	10.3
	With respect to Schedule 3 (Conduct of Business before Completion) - Items 4 (material acquisitions and disposals), 7 (material contracts), 8 (Tenders outside Ordinary Course), 10 (Indebtedness other than Permitted Capex), 14 (Loans outside Ordinary Course), 17 (modifications of contracts), 20 (claims / Proceedings), 27 (new personnel and Employee number increases), 28 (increases in Group staff costs) and 30 (termination/dismissal of Employees/Senior Employees), the Sellers shall not, and shall not permit their respective Group Companies to, exceed the thresholds set forth in paragraph 6 of this Completion Deed, measured on an aggregate basis across both the Agreements.

		
	10.4
	The Parties agree that items falling for calculation or determination under the provisions of Schedule 4 of the Agila Global SPA shall not be double counted and shall not fall for calculation or determination under the provisions of Schedule 4 of the Agila India SPA.

		
	11.
	NOTICES

The provisions in Clause 17 (Notices) of each of the Agreements shall apply to this Completion Deed mutatis mutandis.
		
	12.
	MISCELLANEOUS

		
	12.1
	Any delay by any Party in exercising, or any failure to exercise, any right or remedy under this Completion Deed shall not constitute a waiver of the right or remedy or a waiver of any other rights or remedies and no single or partial exercise of any rights or remedy under this Completion Deed or otherwise shall prevent any further exercise of the right or remedy or the exercise of any other right or remedy. No waiver of this Completion Deed or of any provision hereof will be effective unless it is in writing and signed by the Party against whom such waiver is sought to be enforced. Any waiver or any right or default hereunder shall be effective only in the instance given and will not operate as or imply a waiver of any other or similar right or default on any subsequent occasion.

		
	12.2
	The rights, powers and remedies provided in this Completion Deed are cumulative and not exclusive of any power, rights and remedies provided by Applicable Law or otherwise.

		
	12.3
	This Completion Deed shall be binding on and be for the benefit of the successors, personal representatives and permitted assigns of the Parties.

		
	12.4
	No variation of this Completion Deed shall be effective unless it is in writing (which, for this purpose, does not include email) and signed by or on behalf of the Parties. For this purpose, the term "variation" shall, in each case, include any variation, supplement, amendment, deletion or replacement however effected.

		
	12.5
	Save as otherwise expressly provided herein, no term of this Completion Deed shall be enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a party to this Completion Deed.

		
	12.6
	The provisions of Clauses 16.2, 16.3 and 16.4 (Confidentiality) of the Agila Global SPA shall apply to this Completion Deed mutatis mutandis.

		
	12.7
	Each Party confirms on behalf of itself and its Affiliates that this Completion Deed and the other Transaction Documents represent the entire understanding, and constitute the whole 

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

6

agreement, in relation to their subject matter and supersede any previous agreement between the parties with respect thereto.
		
	12.8
	The Parties shall pay their own costs in connection with the preparation and negotiation of this Completion Deed and any matter contemplated by it.

		
	12.9
	This Completion Deed was negotiated in English and, to be valid, all certificates, notices, communications and other documents made in connection with it shall be in English. If all or any part of this Completion Deed or any such certificate, notice, communication or other document is for any reason translated into any language other than English the English text shall prevail.

		
	12.10
	Each Party understands English and is content for all communications relating to this Completion Deed to be served on it in English.

		
	12.11
	If at any time any provision of this Completion Deed shall be held to be illegal, void, invalid or unenforceable in whole or in part under any enactment or rule of law in any jurisdiction, then:

		
	12.11.1
	such provision shall:

		
	(A)
	to the extent that it is illegal, void, invalid or unenforceable be given no effect and shall be deemed not to be included in this Completion Deed; and

		
	(B)
	not affect or impair the legality, validity or enforceability in that jurisdiction of any other provision of this Completion Deed; or the legality, validity or enforceability under the law of any other jurisdiction of such provision or any other provision of this Completion Deed; and

		
	12.11.2
	the Parties shall use all reasonable endeavours to replace such a provision with a valid and enforceable substitute provision which carries out, as closely as possible, the intentions of the Parties under this Completion Deed.

		
	12.12
	Any date or period may be extended by mutual agreement between the Parties, but time shall be of the essence as regards any date or period originally fixed or any date or period extended pursuant to this paragraph. 

		
	12.13
	This Completion Deed may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which when executed and delivered constitutes an original of this Completion Deed, but all the counterparts shall together constitute one and the same instrument.  Subject to the terms hereof, the Parties agree that this Deed shall be dated as of the date in New York at the time the Purchaser signs its counterpart. 

		
	12.14
	Without prejudice to the Seller Guarantee or clause 4 of this Completion Deed, the Parties agree that the obligations and liability of SAL, Strides Singapore and each of the Promoters under the Transaction Documents to which they are party shall be several and not joint and several.

		
	12.15
	In consideration for accepting the rights and assuming the obligations ascribed to them under this Deed, the Parties hereby agree that the Original Deed shall be amended and restated in its entirety in the form set out in this Deed.  The Parties hereby agree that this Deed is executed on 5 April 2013 but that for all purposes it shall have an effective date of 27 February 2013.  For purposes hereof, "Original Deed" means the deed dated 27 February 2013 made between the Parties regarding Completion and the other matters set forth herein.

		
	13.
	GOVERNING LAW AND JURISDICTION

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

7

		
	13.1
	This Completion Deed and any dispute or claim arising out of or in connection with it or its subject matter, existence, negotiation, validity, termination or enforceability (including any non-contractual disputes or claims) shall be governed by and construed in accordance with Clause 18 of the Agila Global SPA as if that Clause was set out in full in this Completion Deed mutatis mutandis.

		
	13.2
	Any disputes arising out of or in connection with this Completion Deed shall be resolved in accordance with Clause 19 of the Agila Global SPA as if that Clause was set out in full in this Completion Deed mutatis mutandis. For the avoidance of doubt, this Completion Deed shall be a "Related Agreement" for the purposes of Clause 19 of the Agila Global SPA and the Agila India SPA  and for the purposes of this Completion Deed, each of the Agila Global SPA and the Agila India SPA shall be a “Related Agreement”.

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

8

IN WITNESS whereof this DEED has been executed by the Parties and delivered as a deed on 5 April 2013 with an effective date of 27 February 2013. 
	
		
	EXECUTED as a DEED and DELIVERED on behalf of
	 

	AGILA SPECIALTIES ASIA PTE LTD,
	/s/ Tan Kia Yew

	a company incorporated in the Republic of Singapore, by Mr. Tan Kia Yew,
	Director

	being a person who, in accordance with the laws of that territory, is acting under the authority of the company
	 

	 
	 

	in the presence of:
	 

	Signature of Witness
	/s/ Ow Yew Kum

	 
	 

	Name of Witness  (in BLOCK CAPITALS)
	OW YEW KUM

	 
	 

	Address of Witness
	***

	 
	 

	EXECUTED as a DEED and DELIVERED on behalf of
	 

	STRIDES ARCOLAB LIMITED,
	/s/ Nasser Kabir

	a company incorporated in the Republic of
India, by NASSER KABIR,
	Authorised Signatory

	being a person who, in accordance with the laws of that territory, is acting under the authority of the company
	 

	 
	 

	in the presence of:
	 

	Signature of Witness
	/s/ Manjula R.

	 
	 

	Name of Witness  (in BLOCK CAPITALS)
	MANJULA R.

	 
	 

	Address of Witness
	Strides House

	 
	Bannerghatta Road

	 
	Bangalore 560076

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

9

	
		
	EXECUTED as a DEED and DELIVERED on behalf of
	 

	MYLAN INC.,
	/s/ Heather Bresch

	a company incorporated in the State of Pennsylvania, United States of America, by HEATHER BRESCH,
	Authorised Signatory

	being a person who, in accordance with the laws of that territory, is acting under the authority of the company
	 

	 
	 

	in the presence of:
	 

	Signature of Witness
	/s/ David Allen

	 
	 

	Name of Witness  (in BLOCK CAPITALS)
	DAVID ALLEN

	 
	 

	Address of Witness
	***

	PROMOTERS
	 

	EXECUTED as a DEED and DELIVERED by
	 

	ARUN KUMAR
	/s/ Arun Kumar

	 
	Promoter

	in the presence of:
	 

	Signature of Witness
	/s/ Manjula R.

	 
	 

	Name of Witness  (in BLOCK CAPITALS)
	MANJULA R.

	 
	 

	Address of Witness
	Strides House

	 
	Bannerghatta Road

	 
	Bangalore 560076

	EXECUTED as a DEED and DELIVERED on behalf of
	 

	PRONOMZ VENTURES LLP
	/s/ Arun Kumar

	a limited liability partnership incorporated in India, by ARUN KUMAR,
	Partner

	being a person who, in accordance with the laws of that territory, is acting under the authority of the limited liability partnership
	 

	 
	 

	in the presence of:
	 

	Signature of Witness
	/s/ Manjula R.

	 
	 

	Name of Witness  (in BLOCK CAPITALS)
	MANJULA R.

	 
	 

	Address of Witness
	Strides House

	 
	Bannerghatta Road

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

10

	
		
	 
	Bangalore 560076

*** Denotes confidential information that has been omitted from this exhibit and filed separately with the Securities and Exchange Commission.

11

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