Document:

Lease Agreement

 Exhibit 10.1 

 

					
		  	SEAMUS MULLIGAN	 	
			
		  		 	First Part
			
		  	AZUR PHARMA LIMITED	 	
		  		 	Second Part
			
		  	 21 YEAR FRI LEASE
 45 FITZWILLIAM SQUARE
 DUBLIN 2
	 	

 Lease Particulars 

 

			
	COLUMN 1	    	
		
	 1. Date of Lease
	    	 20 October 2008

		
	 2. Lessor
	    	 Seamus Mulligan

		
	 3. Lessee
	    	 Azur Pharma Limited

		
	 4. Demised Premises
	    	The building known as 45 Fitzwilliam Square, Dublin 2 comprising 4,128 square feet [383.50 square metres] including the car parking area to the rear of the Demised Premises (which
comprises six car parking spaces) BUT EXCLUDING the basement level of the building.
		
	 5. Term of Lease
	    	 21 years

		
	 6. Commencement Date:
	    	 20 October 2008

		
	 7. Initial Rent
	    	 €45 per square foot (€484.20 per square metre)
 €185,760 per annum TOGETHER with the sum of €3,500 per car parking space per annum [€21,000]
 €185,760 + €21,000 = €206,760

		
	 8. Rent Commencement Date
	    	 20 October 2008

		
	 9. Permitted Use
	    	 Offices

		
	 10. Term Commencement Date
	    	 20 October 2008

  
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 INDEX 

 

							
	 	  	 	  	Page No.
			
	 A.
	  	 Definitions
	  	
			
	 B.
	  	 Interpretation
	  	
			
	 C.
	  	 Lessors Title
	  	
			
	 D.
	  	 Agreement for Lease
	  	
			
	 1.
	  	 Demise and Rent
	  	
			
	 2.
	  	 Lessee’s Covenants
	  	
			
	 3.
	  	 The Lessors Covenants
	  	
			
	 4.
	  	 Covenant for Quiet Enjoyment
	  	
			
	 5.
	  	 Agreements and Declarations
	  	
				
		  	 5.1
	  	 Rights to light and air
	  	
				
		  	 5.2
	  	 Arbitration
	  	
				
		  	 5.3
	  	 Notices
	  	
				
		  	 5.4
	  	 Forfeiture
	  	
				
		  	 5.5
	  	 Exclusion of warranty as to user
	  	
				
		  	 5.6
	  	 Effect of waiver
	  	
				
		  	 5.7
	  	 No implied easements
	  	
				
		  	 5.8
	  	 Representations
	  	
				
		  	 5.9
	  	 Applicable Law
	  	
			
	 6.
	  	 Service Payments
	  	
			
	 7.
	  	 Statutory Certificates
	  	
				
		  	 7.1
	  	 Finance Act Certificate
	  	
				
		  	 7.2
	  	 Section 45 Certificate
	  	
				
		  	 7.3
	  	 Section 29, Companies Act 1990
	  	
			
	 8.
	  	 Address for Notices
	  	

  
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 First Schedule 
  

			
	 First Schedule – Part I
	    	 The Demised Premises

		
	 First Schedule – Part II
	    	 The Ancillary Rights

		
	 First Schedule – Part III
	    	 Exceptions and Reservations

		
	Second Schedule	    	
		
	 Second Schedule – Part I
	    	 The Lessee’s Covenants

		
	 Second Schedule – Part II
	    	 Lessor’s Responsibilities

		
	 Third Schedule
	    	 The Lessors Covenants

		
	 Fourth Schedule
	    	 Rent Review

		
	 Execution
	    	

  
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	 THIS INDENTURE made the
20th day of October Two Thousand and Eight BETWEEN
SEAMUS MULLIGAN of Wood O’Berries, Ballymore, Athlone, Co. Roscommon (hereinafter called “the Lessor”) of the one part and AZUR PHARMA LIMITED having its registered office at 1 Stokes Place, St. Stephen’s Green, Dublin
2 (hereinafter called “the Lessee”) of the other part

 WHEREAS: 
  

	A.	 Definitions 

  

	1.	 In the Lease and in the several Schedules hereto (unless the context otherwise requires) the following expressions shall have the following
meanings: 

 “The Building” means the entire property known as 45 Fitzwilliam
Square, Dublin 2 to include the Demised Premises; 
 “the Conduits” means all channels conduits
pipes drains water courses ditches gutter sewers wires mains cables and other conducting media for the Utilities; 
 “the Demised Premises” means the premises hereby demised which is described in Part 1 of the First Schedule hereto; 

“Gale Days” means 1st day of January, 1st day of April, 1st day of July and 1st day of October in each
year 
 “Insured Risks” means Fire, Lightning, Explosion, Storm, Landslip, Tempest, Terrorism,
Flood, Earthquake, Impact, Aircraft, and other Aerial Devices and articles dropped therefrom, Riot, Civil Commotion, Malicious Damage, Public Liability, Property Owners Liability, Bursting or Overflowing of Water Tanks, Apparatus or Pipes and such
other risks as the Lessor may (in respect of the Building) in his absolute discretion from time to time determine subject always to such exclusions excesses and limitations as are usual for such class and type of insurance. 

“Interest” means interest at the Prescribed Rate during the period beginning on the first day on which
the relevant sum is due and ending on the date on which payment is made whether before or after any judgement. 

“Initial Rent” means €206,760 (which amount includes the sum of €21,000 in respect of the car
parking spaces) per annum (Two Hundred and Six Thousand, Seven Hundred and Sixty euro) (plus VAT where applicable) subject to review in accordance with the terms of the Fourth Schedule and payable from the Rent Commencement Date. 

“the Lessee” where the context so admits or requires includes the successors and permitted assigns of the
Lessee 
 “the Lessor” where the context so admits or requires includes the person or persons
for the time being entitled to the reversion immediately expectant on the termination of the term hereby created; 
 “the Lessors Surveyor” means such Chartered Surveyor as may be appointed by the Lessor for the purposes of this Lease; 

  
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 “Permitted Use” shall mean the use provided for in Clause
17 of Part I of the Second Schedule hereto. 
 “the Perpetuity Period” means the period
commencing on the date of this Lease and ending on the expiration or 21 years from the day of the death of the last survivor of the issue living of the late President of Ireland, Eamonn DeValera; 

“Prescribed Rate” means 2% per annum above EURIBOR (European Inter Bank Offer Rate) or such other
comparable rate of interest. 
 “Rent” means the Initial Rent or any revised rent substituted
for the Initial Rent following on a variation in accordance with the provisions of the Fourth Schedule hereto. 
 “Rent Commencement Date” means the 20th day of October 2008 and refers to payment of the Rent; 

“Rent Review Date” means the dates listed in the Fourth Schedule hereto; 

“the Term” means the term of 21 years demised by this Lease from the Term Commencement Date; 

“Term Commencement Date” means the 1 October 2008 

“Utilities” means water, gas, sewerage, surface water, electricity, telecommunications and such other
services enjoyed by the Demised Premises from time to time. 
  

	B.	 Interpretation 

 In this Lease and in the several Schedules hereto: 
  

	(1)	 The masculine includes the feminine and neuter genders. 

 

	(2)	 Words in the singular include the plural and vice versa where the context so admits or requires. 

 

	(3)	 Where two or more persons together constitute the Lessee or the Lessor the covenants and agreements on the part of the Lessee or Lessor herein
expressed or implied by law shall be deemed to have been entered into jointly and severally by the said persons. 

  

	(4)	 Any covenant by the Lessee not to do or omit any act or thing shall be construed as if it were a covenant not to do or omit or permit or suffer such
act or thing to be done or omitted. 

  

	(5)	 References herein to any enactment include where appropriate reference to any statutory modification thereof whether by way of amendment addition
deletion or repeal and re-enactment with or without amendment. 

  

	(6)	 The headings of recitals clauses and schedules are inserted for ease of reference only and shall not affect the interpretation of this Lease.

  

	C.	 The Lessor’s Title 

  
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 The Lessor is seized of the Demised Premises for an estate in fee simple 

 

	1.	 DEMISE AND RENT 

 In consideration of the rents and covenants on the part of the Lessee hereinafter reserved and contained the Lessor hereby demises unto the Lessee ALL THAT AND THOSE the Demised Premises
TOGETHER WITH the ancillary rights and easements specified in the First Schedule Part II but EXCEPTING AND RESERVING unto the Lessor the rights and easements specified in the First Schedule Part III TO HOLD the same unto the
Lessee as and from the Term Commencement Date for the Term YIELDING AND PAYING therefor and thereout during each and every year of the Term: 
  

	1.1	 Yearly and proportionately for any fraction of a year, the Initial Rent from and including each Rent Review Date, such revised yearly rent as shall
become payable under and in accordance with the provisions of the Fourth Schedule hereof and in each case to be paid at the option of the Lessor, (which said option may be exercised on any number of occasions) either by standing order, credit
transfer or cheque by equal quarterly payments in advance on the Quarterly Gale Days being the lst January, lst April, lst July and lst October in every year without any deduction or set-off whatsoever the first payment to be made on Rent
Commencement Date. 

  

	1.2	 Subject to clause 1 of the Third Schedule yearly in advance on demand as additional rent in accordance with the provisions of Part I of the Third
Schedule hereto:- 

  

					
	 1.2.1
	  	 (a)
	  	 The entire of all sums payable by the Lessor for insuring the Demised Premises against loss or damage by the Insured Risks pursuant to Clause 1.2.1 of Part I of
the Third Schedule and loss of rent pursuant to Clause 1.2.2 of Part I of the Third Schedule.

			
		  	 (b)    
	  	 All sums payable by the Lessor:-

  

	 	  (i)	 For insuring in respect of Public Liability and other liabilities pursuant to Clause 1.2.3 of Part I of the Third Schedule hereto.

  

	 	  (ii)	 For effecting such other insurances as the Lessor may deem necessary pursuant to Clause 1.2.4 of Part I of the Third Schedule hereto.

  

	1.3	 All Interest payable by the Lessee in accordance with Clause 6 of Part I of the Second Schedule hereto. 

 

	2.	 LESSEE’S COVENANTS 

 The Lessee hereby covenants with the Lessor to perform and observe the covenants set out in Part I of the Second Schedule hereto. 

 

	3.	 THE LESSOR’S COVENANTS 

 The Lessor hereby covenants with the Lessee that the Lessor will perform and observe the covenants set out in the Third Schedule hereto and to provide the services set out in the Second Schedule Part II.

  

	4.	 COVENANT FOR QUIET ENJOYMENT 

 The Lessor hereby further covenants with the Lessee that the Lessee paying the rent hereby reserved 

  
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and performing and observing the covenants conditions and agreements herein contained and on the Lessee’s part to be performed and observed shall and may peaceably and quietly hold and enjoy
the Demised Premises during the term hereby created without any lawful interruption or disturbance from or by the Lessor or any person or persons rightfully claiming under or in trust for the Lessor. 

 

	5.	 AGREEMENTS AND DECLARATIONS 

 IT IS HEREBY AGREED AND DECLARED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:- 
  

	5.1	 Rights to light and air 

 The Lessee shall not other than where expressly granted in this Lease be deemed to have acquired any right of air or light or any right of way or other easement from or over or affecting any land or
hereditaments belonging to the Lessor and not included in this demise of the Demised Premises and the appurtenances demised therewith. 
  

	5.2	 Arbitration 

 Other than matters contained in the Fourth Schedule hereto all disputes or differences which may arise touching the provisions of this Lease or the operation or construction thereof or the rights or
liabilities of the Lessor or the Lessee for the resolution of which no provision has been made in this Lease shall be referred to the Arbitration of a single Arbitrator to be appointed on the application of either party by the President for the time
being of the Incorporated Law Society of Ireland and the Arbitration Acts l954 to l980 shall apply accordingly. 
  

	5.3	 Notices 

  

	 	5.3.1	 A notice under this Lease must be in writing (subject to Second Schedule clause 9) and unless the receiving party or its authorised agent
acknowledges receipt is valid if (and only if) it is given by hand sent by registered post or recorded delivery or sent by fax (provided in the case of sending by fax that a confirmatory copy is not later than the next working day given by hand or
sent by registered post or recorded delivery) and served in accordance with Clause 5.4.2 hereof. 

  

	 	5.3.2	 Effective service takes place:- 

  

	 	5.3.2.1	 at its registered office where the receiving party is a company incorporated within the Republic of Ireland; or 

 

	 	5.3.2.2	 at the Demised Premises where the receiving party is the Lessee; or 

 

	 	5.3.2.3	 at that party’s address shown in this Lease or at any address specified in a notice given by that party to the other parties.

  

	 	5.3.3	 Unless it is returned through the Post Office undelivered a notice sent by registered post or recorded delivery is to be treated as served on the
third working day after posting whenever and whether or not it is received. 

  

	 	5.3.4	 A notice sent by fax is to be treated as served on the day upon which it is sent or where the fax is sent after 4 p.m. or on a day that is not a
working day then on the next working day whenever and whether or not it or the confirmatory copy is received unless the confirmatory copy is returned through the Post Office undelivered. 

  
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	 	5.3.5	 For the purposes of this Clause 5.4 the term “working day” means a day when the Republic of Ireland clearing banks are open for business
in the City of Dublin. 

  

	 	5.3.6	 If the receiving party consists of more than one person then a notice to one of them is notice to all. 

 

	5.4	 Forfeiture 

 Without prejudice to any other right, remedy or power herein contained or otherwise available to the Lessor if: 
  

	5.4.1	 the whole or any part of the rents or other sums reserved by this Lease is unpaid for fourteen days after becoming payable (whether formally
demanded or not); or 

  

	5.4.2	 there is a breach of any of the material Lessee’s covenants; or 

 

	5.4.3	 if the Lessee (being a body corporate) has a winding-up petition presented against it or passes a winding-up resolution (other than in connection
with a members’ voluntary winding-up for the purposes of amalgamation or reconstruction which has the prior written approval of the Lessor) or resolves to present its own winding-up petition or is wound-up (whether in Ireland or elsewhere) or a
Receiver and Manager is appointed in respect of the Demised Premises or of the Lessee; or 

  

	5.4.4	 if the Lessee (being an individual, or if more than one individual, then any one of them) has a bankruptcy petition presented against him or is
adjudged bankrupt (whether in Ireland or elsewhere) or suffers any distress or execution to be levied on the Demised Premises or enters into composition with his creditors or has a receiving order made against him; 

THEN, and in any such case, the Lessor may at any time thereafter re-enter the Demised Premises and thereupon the
Term absolutely ceases and determines, but without prejudice to any rights or remedies which may then have accrued to the Lessor against the Lessee in respect of any antecedent breach of any of the covenants or conditions contained in this Lease.

  

	5.5	 Exclusion of warranty as to user 

 Nothing contained in this Lease or in any consent granted or approval given by the Lessor under it implies or warrants that the Demised Premises may be used under the Planning Acts or the Building Control
Act for the purpose herein authorised or any purpose subsequently authorised and the Lessee hereby acknowledges that the Lessor has not given or made at any time any representation or warranty that any such use is or will be or will remain a
permitted use under those Acts. 
  

	5.6	 Effect of waiver 

 Each of the Lessee’s covenants shall remain in full force both at law and in equity notwithstanding that the Lessor may have appeared to have waived or released temporarily any such covenant, or
waived or released temporarily or permanently, revocably or irrevocably a similar covenant affecting other property belonging to the Lessor. 
  

	5.7	 No implied easements 

  
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 Nothing in this Lease shall impliedly confer upon or grant to the Lessee any
easement, right or privilege other than those expressly granted (if any) by it. 
  

	5.8	 Representations 

 The Lessee acknowledges that this Lease has not been entered into in reliance wholly or partly on any statement or representation made by or on behalf of the Lessor, except any such statement or
representation that is expressly set out in this Lease. 
  

	5.9	 Applicable Law 

 This Lease and all relationships created thereby shall in all respects be governed by and construed and interpreted in accordance with Irish Law. 

STATUTORY CERTIFICATES 

Finance Act Certificate 

IT IS HEREBY CERTIFIED for the purposes of stamping this Instrument that it is an Instrument to which
Section 53 (lease combined with building agreement for dwellinghouse/apartment) of the Stamp Duties Consolidation Act, 1999 does not apply to this instrument by reason of the fact that the property being leased is a commercial unit in a mixed
commercial and residential development. 
 Section 45 Certificate 

IT IS HEREBY CERTIFIED that the property hereby demised is situate in the City of Dublin/by the Lessee that the
Lessee being the person becoming entitled to the entire beneficial interest in the Demised Premises that it is a body corporate incorporated in a Member State of the European Economic Community or other European State which is a contracting party to
the European Economic Area Agreement having its registered office, central administration or basic business within the territory of those States and as such is a qualified person within the meaning of Section 45 of the Land Act, 1945.

 ADDRESS FOR NOTICES 
 The address of the Lessee in the State for service of notices and its description are: 
 1 Stokes Place, Stephen’s Green, Dublin 2 
 IN WITNESS whereof the
respective common seals of the Lessor and the Lessee have been affixed hereto and the Lessee has hereunto set his hand and affixed his seal or has caused its Common Seal to be affixed the day and year first above WRITTEN 

  
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 FIRST SCHEDULE 
 PART 1 
 (The Demised Premises) 

ALL THAT AND THOSE the entire of the building known as 45 Fitzwilliam Square, Dublin 2 and comprising an area of 4,128 square feet
(383.50 square metres) excluding the basement level and including without prejudice to the generality of the foregoing: 
  

	1.0	 all the Conduits and Plant in, upon, over or under and exclusively serving the same; 

 

	2.0	 all Landlord’s fixtures and fittings now or hereafter in or upon the same; 

 

	3.0	 all additions, alterations and improvements thereto; 

 but excluding the airspace above and the ground below the Demised Premises. 

  
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 FIRST SCHEDULE 
 Part II 
 (Ancillary Rights) 

The following rights and easements are demised (to the extent only that the Lessor is entitled to make such a grant) to the Lessee to be
enjoyed in common with the Lessor and the other Lessees and occupiers of the Building and all other persons authorised by the Lessor or having the like rights and easements: 

 

	1.	 The free and uninterrupted passage and running of the Utilities to and from the Demised Premises through the Conduits which are now, or may at any
time during the Term be, in, on, under or passing through or over the Building and the Adjoining Property; 

  

	2.	 The right of support for the benefit of the Demised Premises as is now enjoyed from other parts of the Building; 

 

	3.	 The right to connect into the conduits for the benefit of the Demised Premises and the right to come into the rest of the Building (strictly subject
to the consent of any other occupiers in the Building) to make good any repairs to the conduits if the Lessor has not carried out such repairs at the cost of the Lessor. 

  
 12 

 FIRST SCHEDULE 
 PART III 
 (Exceptions and Reservations) 

The rights listed in the First Schedule Part III shall only be exercised if the following are complied with: 

 

	 	a.	 make good without undue delay any damage to the Demised Premises that may be caused by such exercise but without compensation for any temporary
inconvenience or disturbance caused to Lessee; 

  

	 	b.	 the rights shall only be exercised if it is not possible to carry out the works other than by coming onto the Demised Premises;

  

	 	c.	 the persons exercising the rights shall take all reasonable steps to ensure that as little damage or disturbance is done to the Premises or any
fixtures or fittings therein or any goods or merchandise thereat as is reasonably practicable and as little inconvenience is caused to the Lessee as is reasonably practicable; 

The following rights and easements are excepted and reserved out of the Demised Premises to the Lessor and the Lessees and occupiers of
the Building and all other persons authorised by the Lessor or having the like rights and easements: 
  

	1.	 The free and uninterrupted passage and running of the Utilities through the Conduits which are now, or may at any time during the Term be in, on,
under, or passing through or over the Demised Premises; 

  

	2.	 The right, at all reasonable times upon reasonable prior notice, except in cases of emergency, to enter (or, in cases of emergency or after the
giving of reasonable notice during the Lessee’s absence, to break and enter) the Demised Premises in order to: 

  

	2.1	 inspect, cleanse, maintain, repair, remove, renew, relay, replace with others, alter or execute any necessary works whatever to or in connection
with the Conduits and any other services; 

  

	2.2	 execute repairs, decorations, alterations and any other works and to make installations to the Demised Premises and or the Building or to do
anything whatsoever which the Lessor may or must do under this Lease; 

  

	2.3	 see that no unauthorised erections additions or alterations have been made and that authorised erections additions and alterations are being carried
out in accordance with any consent given herein and any permission or approval granted by the relevant local authority. 

 PROVIDED THAT the Lessor or the person exercising the foregoing rights shall cause as little inconvenience as possible to the Demised Premises and shall make good, without delay, any damage thereby caused
to the Demised Premises; 
  

	3.	 The right to erect temporary scaffolding for the purpose of repairing or cleaning the Building notwithstanding that such scaffolding may temporarily
interfere with the proper access to or the enjoyment and use of the Demised Premises; 

  

	4.	 The right to erect and maintain signs on the Building (not on the Demised Premises) and any premises abutting the same advertising the sale or
letting of any premises or for the purposes of a planning or other application in respect of any premises. 

  
 13 

	5.	 The rights of light, air, support, protection and shelter and all other easements and rights now or hereafter belonging to or enjoyed by other parts
of the Building. 

  

	6.	 The air space over and the ground below the Demised Premises. 

 

	7.	 Full right and liberty at any time hereafter to raise the height of, or make any alterations or additions or execute any other works to the Building
in such a manner as the Lessor or the person exercising the right shall think fit. 

  
 14 

 SECOND SCHEDULE 

PART 1 

(The Lessee’s Covenants) 
 The Lessee hereby covenants with the Lessor as follows:- 
  

	(1)	 RENTS 

 To pay the Rent reserved by this Lease and any additional sums payable herein at the times and in the manner herein prescribed for the payment. 

 

	(2)	 TO PAY OUTGOINGS 

  

	2.1	 To pay bear and discharge all rates taxes, duties, charges, assessments, impositions and outgoings whatsoever whether parliamentary, parochial or
any other description now or hereafter to be assessed, charged or imposed or payable in respect of the Demised Premises or any part thereof or upon or by the owner or occupier thereof and all proper apportionments thereof including Value Added Tax
(where applicable) and to refund to the Lessor on demand by way of additional rent (in case any of the same are payable, charged or assessed on the Demised Premises together with other property as a whole) a fair and proper proportion thereof
attributable to the Demised Premises to be reasonably determined by the Lessors Surveyor and/or Accountant and in the event of a disagreement the matter shall be referred to Arbitration as per Clause 5.2 above. 

 

	2.2	 To pay all outgoings payable by the Lessee under the provisions of this Lease in respect of the Demised Premises. 

 

	2.3	 To pay the suppliers of and indemnify the Lessor against all charges for Utilities used at or in relation to the Demised Premises and/or any charges
relating to any apparatus belonging to those suppliers. 

  

	(3)	 COMPLY WITH REGULATIONS 

 To observe and comply with at the Lessee’s expense all present and future regulations and requirements of the gas, electricity and water supply authorities in respect of the Demised Premises and to
keep the Lessor effectually indemnified in respect thereof. 
  

	(4)	 TO PAY STAMP DUTY 

 To pay the stamp duty on this Indenture and counterpart including the cost of registration (if any) in connection therewith and to indemnify the Lessor against the same. 

 

	(5)	 TO INSURE AGAINST CONSEQUENTIAL LOSS AND MATERIAL DAMAGE 

To insure the Demised Premises against consequential loss arising out of damage or destruction by the Insured Risks and to insure any
panelling or partitions which are or shall be at any time during the term affixed into or about the Demised Premises and all improvements and additions thereto and all trade and Lessees fixtures, fittings and stock against loss, or damage by the
Insured Risks and to produce the relevant Policy or Policies and latest receipt for premium to the Lessor or its agent, if so requested. 

  
 15 

	(6)	 TO PAY INTEREST 

 To pay from time to time interest at the Prescribed Rate on any sum which is by any provision of this Indenture or by any other provisions of the Schedules other than the provisions of the Fourth Schedule
hereto made payable by the Lessee to the Lessor on demand or at a specified date, such interest to run from the date of first demand or the specified date as the case may be and such interest to be deemed to be additional rent. 

 

	(7)	 TO REPAIR 

 To repair the Demised Premises and keep in good repair order and condition and, as often as may be necessary, to rebuild, reinstate or replace the Demised Premises and to maintain, repair and keep in good
working order and condition and, as often as may be necessary, to renew and replace by articles of a similar kind and quality all Plant and Conduits in, upon, over or under the Demised Premises and to repair any damage caused to the Demised Premises
by the breakdown, misuse of, or failure to repair such Plant and Conduits and to indemnify the Landlord against any loss or liability resulting therefrom Provided that the Tenant’s liability under this clause does not extend to damage in
respect of which the Landlord is indemnified under a policy of insurance or to damage in respect of which the Landlord has no such entitlement through his own default and, if the damage caused by any of the Insured Risks would otherwise give rise to
a right to surrender this Lease under the provisions of Section 40 of the 1860 Act or otherwise, the Tenant hereby absolutely waives and abandons such right. 
 AND TO paint or decorate in a good and workmanlike manner in every third year the interior of the Demised Premises in every subsequent third year of the term hereby granted and also in the final year of
the term (however determined) PROVIDED ALWAYS that the Lessee shall not under this Clause (7) be permitted to carry out any works to the Building. 
  

	(8)	 TO KEEP THE DEMISED PREMISES CLEAN 

  

	8.1	 To keep the Demised Premises and every part thereof clean and tidy and free from deposits of refuse or rubbish and not to bring or keep or suffer to
be brought or kept on the Demised Premises or any part of the Building any rubbish or scrap or anything which, in the reasonable opinion of the Lessor or its Management Agent, is or may become unclean, unsightly, noisome or offensive or calculated
or liable to detract from quality, amenity or reputation of the Building or the Demised Premises or any of them and so often as it shall be necessary or desirable to remove from the Demised Premises all such refuse, rubbish, and scrap which may
accumulate or be there. 

  

	8.2	 To maintain and keep all electrical, mechanical and other plant, machinery, equipment, furnishings, furniture, fixture and fittings or conduits from
time to time on in or at the Demised Premises including without prejudice to the generality of the foregoing, heating, cooling, lighting, and ventilating equipment properly and regularly serviced and maintained and when necessary repaired by
qualified persons at intervals which are approved of by the manufacturers of such installations and equipment and will replace from time to time all Lessors fixtures and fittings and appurtenances with fixtures fittings and appurtenances of equal
value in the Demised Premises which may be or become beyond repair at any time during or at the expiration or sooner determination of the Term 

  

	(9)	 PERMIT ENTRY 

  

	9.1	 To permit the Lessor to enter the Demised Premises after giving 12 hours verbal notice (except in emergency when no notice shall be required) in
order to:- 

  
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	 	9.1.1	 ascertain whether the Lessee’s covenants in this Lease have been observed and performed; 

 

	 	9.1.2	 inspect the state of repair and condition of the Demised Premises and prepare any schedule of condition or dilapidation;

  

	 	9.1.3	 carry out any repairs remove and make good any unauthorised alterations or execute any work which the Lessee is obliged hereunder to perform but has
failed to carry out remove or execute after notice from the Lessor of such requirement; 

  

	 	9.1.4	 do any things necessary to prevent the making of any encroachment or the acquisition of any easement against the Demised Premises in the event of
the Lessee’s failure to take action after notice from the Lessor of such requirement; 

  

	 	9.1.5	 estimate the current value of the Demised Premises for insurance purposes and to take schedules or inventories of fixtures and fittings or other
things to be yielded up on the termination date of this Lease. 

  

	9.2	 Within 14 days after receiving notice from the Lessor (or sooner if the Lessor considers it reasonably necessary) to repair and make good the
Demised Premises and to comply with the requirements of the Lessor set out in such notice in accordance with the obligations of the Lessee under this Lease and if the Lessee fails to do so the Lessor shall have the right to enter the Demised
Premises and carry out any such repairs and the costs incurred by the Lessor as a result of executing such work or complying with such requirements shall be paid by the Lessee to the Lessor on demand and the Lessee shall indemnify the Lessor against
the whole of such costs. 

  

	9.3	 To permit the Lessor together with it’s respective surveyors, agents, officers, servants, contractors, licensee and workmen) to enter the
Demised Premises after giving 12 hours notice (except in emergency when no notice shall be required) in order to:- 

  

	 	9.3.3	 execute any repairs decorations alterations building engineering or other works; 

 

	 	9.3.5	 facilitate any other reasonable purpose which cannot otherwise be conveniently effected. 

 

	9.4	 In the case of a sale of any interest in the Demised Premises superior to this Lease at any time and in the case of a re-letting of the Demised
Premises at any time during the period beginning six months prior to the expiry of the Term to permit the Lessor to enter the Demised Premises at reasonable times and affix and retain upon any suitable part of the Demised Premises but in a position
so as not to obscure the front and fascia of the Demised Premises a notice for the sale of any interest in the Demised Premises superior to this Lease or for the re-letting of the Demised Premises (as the case may be) and not to remove or obscure
such notice and during such period to permit persons having the authority of the Lessor at reasonable times (after giving 12 hours notice) to enter and view the Demised Premises. 

 

	(10)	 TO MAINTAIN WATER PIPES 

 To keep all water pipes in the interior of the Demised Premises reasonably protected from frost and to be responsible for all damage occasioned through the bursting, overflow or stopping up of pipes,
fixtures and fittings occasioned by the negligence of the Lessee, or servants and others and will not permit the waste of any water. 

  
 17 

	(11)	 TO REPAIR IN ACCORDANCE WITH STATUTORY OR OTHER NOTICES SERVED 

At the Lessee’s own expense to execute all works and to provide and maintain all arrangements which, by or under any act of
Parliament or of the Oireachtas already passed or any act of the Oireachtas which may hereafter be passed or any regulation directive bye law or other act having force of law by any Government Department, Local Authority or other Public Authority or
duly authorised officer of Court of competent jurisdiction acting under or in pursuance of any enactment, are or may be directed or required to be executed, provided and maintained at any time during this demise upon or in respect of the Demised
Premises or any part thereof whether by the Lessor or Lessee and not to do or commit or suffer to be done or committed in or about the Demised Premises any act or thing by reason of which the Lessor or Lessee may under any enactment incur or have
imposed upon it or become liable to pay any penalty, damages, compensation, costs, charges or expenses PROVIDED ALWAYS that where such works are carried out by the Lessee and provided such work are improvements they shall be disregarded on
rent review. 
  

	(12)	 GLASS 

 Unless instructed to the contrary in writing by the Lessor to insure and keep insured in the name of the Lessor and the Lessee all glass forming part of the front and all plate glass windows and doors of
the Demised Premises (only where this is applicable) against damage or destruction by accident in sums sufficient to replace the same and to pay all premiums necessary for the above purpose within seven days after the same becomes due and further
whenever so required to produce to the Lessor the policies of such insurance and the receipts for the current year’s premiums and to lay out forthwith all monies received under such insurance of plate glass and any additional money which may be
required in the replacement of the plate glass with glass of the same quality and thickness. 
  

	(13)	 NOT TO AVOID INSURANCE 

 Not to do or permit or suffer to be done any act or thing whereby any policy or policies of insurance effected or in connection with the Demised Premises or in connection with the Building or any part
thereof or any legal liability in connection therewith may be rendered void or voidable or whereby payment of the insurance monies in whole or in part may be withheld or whereby the rate of premium thereon may be increased above those currently
payable and to pay to the Lessor on demand all sums paid by way of increased premiums and all expenses incurred by the Lessor in or about any renewal of any policy or policies rendered necessary by a breach of this covenant. 

 

	(14)	 TO COMPLY WITH STATUTORY PROVISIONS 

 To comply with all laws for the time being in force (including regulations and bye laws) relating to Town Planning, Public Health and Sanitation and fire prevention. 

 

	(15)	 TO INFORM THE LESSOR OF NOTICES RECEIVED 

 To give notice to the Lessor as soon as reasonably possible of any notice or requirements under any such laws aforesaid which may either prohibit restrict or interfere with the use or intended use of the
Demised Premises or require (either directly or as a condition of any permission or licence) works or alterations to be carried out thereon. 
  

	(16)	 TO REGISTER ASSIGNMENTS 

 To register every Assignment Underlease or other devolution of the Lessee’s interest in the Demised Premises by producing to the Lessors Solicitors the original instrument and a certified copy of
same affecting or evidencing the same. 
  

	(17)	 USE AND TRADE 

  
 18 

 Not without the prior consent in writing of the Lessor or its Agent thereunto lawfully
authorised such consent not to be unreasonably withheld, to use or permit or suffer to allow the Demised Premises or any part thereof, to be used for any purpose other than offices and for no other purpose or purposes whatsoever PROVIDED ALWAYS that
upon any application by the Lessee, or any underlessee of the Lessee for liberty to alter or change the aforesaid Permitted Use of the Demised Premises the Lessor shall not unreasonably withhold its consent to a proposed change of use but the Lessor
shall be entitled to refuse its consent to any proposed change of the Permitted Use in the interest of good estate management and such refusal shall, notwithstanding anything herein or in the Landlord and Tenant Acts 1931 to 1994 contained be deemed
for all purposes to be reasonable if such change of user in the opinion of the Lessor (if sanctioned) would or might result in:- 
  

	17.1	 The use of the Demised Premises for the following uses:- 

 

	 	17.1.1	 Restaurant for the consumption of food on or off the Demised Premises. 

 

	 	17.1.2	 The Sale of Intoxicating Liquor for consumption on the Demised Premises; 

 

	 	17.1.3	 Nightclub; 

  

	(18)	 PROHIBITED USE 

 Without prejudice to the provisions of Clause 18 hereof:- 
  

	18.1	 not to use the Demised Premises or any part thereof for any illegal or immoral purpose nor for any public or political meeting or public exhibition
nor for any dangerous, noisy or noxious trade, business or occupation whatsoever. 

  

	18.2	 not to use the Demised Premises or any part thereof for gambling, betting, gaming or wagering or as a betting office or as an amusement shop or
arcade or as a club or to allow gambling machines or video game machines on to the Demised Premises. 

  

	18.3	 not at any time to use the Demised Premises for any of the following uses: 

 

	 	18.3.1	 Restaurant for the consumption of food on or off the Demised Premises. 

 

	 	18.3.2	 The Sale of Intoxicating Liquor for consumption on the Demised Premises; 

 

	 	18.3.3	 Nightclub. 

  

	(19)	 BUILDING EXTERIOR 

 Not to affix to the Demised Premises any front other than a front of good quality and workmanship, and first approved by the Lessor’s Architect or Surveyor, such approval not to be unreasonably
withheld (where applicable). 
  

	(20)	 NOT TO OVERLOAD 

 Not to overload or permit to be overloaded in any way whatsoever the floors and other structural parts of the Demised Premises and not to do anything to reduce or impair the structural integrity or fire
rating of the party walls, floors or ceilings between the Demised Premises and adjoining units. 

  
 19 

	(21)	 ELECTRICAL INSTALLATIONS 

 Not to permit the generation of heat, light and power other than by gas oil or electricity and not to make or permit any alteration in or addition to the electrical installation on the Demised Premises,
and not to connect any appliance thereto other than those for which such installation is designed. 
  

	(22)	 NOT TO OBSTRUCT 

 Not to stop up or obstruct or permit or suffer to be stopped or obstructed, or to suffer oil, grease or other deleterious matter or substances to enter the Conduits of the Demised Premises and to employ
such plans for treating deleterious as effluent as may be reasonably required by the Lessor before permitting such effluent to enter the Conduits. 
  

	(23)	 LIGHTS 

 Not to stop or darken or obstruct any windows or other light belonging to the Demised Premises or knowingly permit any new window, light, opening, doorway, paths, passages, drains or other encroachment or
easement to be made or acquired in, against out of or upon the Demised Premises, which may cause annoyance or inconvenience to the Lessor 
  

	(24)	 TO PROVIDE LIGHT AND HEAT 

 To provide, operate and maintain suitable lighting, heating and where necessary or appropriate ventilation in the Demised Premises provided that the Lessee shall not operate any heating apparatus which
causes a naked flame. 
  

	(25)	 TO PERMIT TO VIEW 

 To permit any prospective Purchaser, Lessee or Mortgagee of the Lessor’s interest in the Demised Premises or in the Building by himself or his agent with the written authority of the Lessor or its
agent to view the Demised Premises at all reasonable times. 
  

	(26)	 TO YIELD UP 

 At the expiration or sooner determination of the said Term peaceably and quietly to yield up the Demised Premises together with all additions, alterations and improvements made thereto during the Term
which the Lessor has asked the Lessee not to remove under Clause 31 hereof other than the Lessees fixtures and fittings which the Lessee shall be entitled to remove and in such repair and condition as is required by the Lessee’s covenants in
this Lease and in case any of the said fixtures shall be missing, broken, damaged or destroyed to forthwith replace them with others of a similar kind and of equal value damage of the Insured Risks excepted. 

 

	(27)	 INDEMNITY 

 To indemnify and keep indemnified the Lessor against all and any expenses, costs, claims, demands, damages and other liabilities whatsoever in respect of injury or death of any person or damage to any
property howsoever arising directly or indirectly out of:- 
  

	(a)	 the state of repair or condition of the Demised Premises. 

 

	(b)	 the existence of any alterations thereto made by the Lessee or the state of repair or condition of such alterations. 

  
 20 

	(c)	 the user of the Demised Premises by the Lessee. 

  

	(d)	 any work carried out or in the course of being carried out on or in the Demised Premises by the Lessee. 

 

	(e)	 anything now or hereinafter attached to or projecting from the Demised Premises. 

 

	(f)	 any other cause save the Insured Risks AND fully and effectually to indemnify the Lessor against breach, non observance or non performance by
the Lessee of any of the covenants or conditions on the part of the Lessee herein contained or of the provisos or stipulations herein contained and intended to be performed and observed by the Lessee and against any actions, costs, claims, expenses
and demands whatsoever or howsoever arising in respect of or as a consequence (whether direct or indirect) of any such breach, non performance or non observance of the aforesaid PROVIDED ALWAYS that the Lessee shall not be liable for damage
caused by any of the Insured Risks unless the relevant policy or policies of insurance shall have been rendered void or payment of the whole or any part of the Insurance Money in respect thereof shall have been refused in consequence of some act or
default on the part of or suffered by the Lessee. 

  

	(28)	 ALTERATIONS 

  

	28.1	 Not to make any structural alterations or additions to the Demised Premises whatsoever nor to change the external appearance of the Demised Premises
nor to unite the Demised Premises with any other property nor to demolish the Demised Premises and all other alterations subject to the consent of the Lessor such consent not to be unreasonable withheld. 

 

	28.2	 If the Lessor gives the Lessee consent to carry out alterations or additions to the Demised Premises the Lessee will:- 

 

	 	28.2.1	 supply the Lessor with three copies of the plans and specifications of the proposed alterations or additions and will have them approved by the
Lessor or the Lessor’s Surveyor in writing before starting any work; 

  

	 	28.2.2	 carry out such alterations or additions in a good and workmanlike manner and with good quality materials and to the reasonable satisfaction of the
Lessor or the Lessor’s Surveyor; 

  

	 	28.2.3	 at the Lessor’s request, reinstate the Demised Premises at its own expense to the condition they were in before the execution of the
alterations or additions and make good all consequential damage to the reasonable satisfaction of the Lessor or the Lessor’s Surveyor during the period of six months immediately preceding the end of the Term (unless asked not to do so by the
Lessor); 

  

	 	28.2.4	 enter into such reasonable covenants and obligations as the Lessor requires in respect of the carrying out of such alterations or additions;

  

	 	28.2.5	 obtain all necessary consents from any Statutory or Local Authority including, if applicable, planning permission and Fire Safety Certificate and to
carry out all such alterations or additions in compliance with any such consents, permissions, certificates and in compliance with the building regulations under the Building Control Act; 

 

	 	28.2.6	 comply with the Safety Health and Welfare at Work (Construction) Regulations 1995 and supply the Lessor with a copy of any health and safety file
required to be maintained by the Lessee under those regulations; 

  
 21 

	 	28.2.7	 pay the reasonable fees of the Lessor’s professional advisors; 

and if alterations or additions are carried out without the Lessor’s prior written consent or not in accordance with
the provisions of this Clause 28 hereof the Lessor may remove or reinstate all such unauthorised alterations or additions and the Lessee will pay to the Lessor on demand the cost of such work together with Interest in the event of late payment or
the Lessor can call upon the Lessee to reinstate or remove all such unauthorised alterations or additions at its own cost. 
  

	28.3	 Not to make any alterations or additions to the electrical installation in the Demised Premises without the Lessor’s prior written consent (not
to be unreasonably withheld) and then only in accordance with the terms and conditions for the time being laid down by RECI (The Register of Electrical Contractors of Ireland) or any body replacing the same and the regulations of the electricity
supply authority for the time being. 

  

	28.4	 Not to fix to the outside of the Demised Premises any bracket aerial fixture wire or other apparatus for radio-diffusion wireless television or
telephone without obtaining the Lessor’s written consent and its written approval (such consent and approval not to be unreasonably withheld) of the proposed situation and method of fixing . 

 

	28.5	 To give the Lessor written notice of the value for insurance purposes of any permitted alteration addition or erection (whether or not it required
the consent of the Lessor) immediately after it has been completed and the Lessor will not be liable to effect insurance of such works until seven days after the Lessor has received such notice and in the event that such alteration addition or
erection shall require additional insurance the Lessee shall discharge in full any resultant increased insurance premium. 

  

	(29)	 ALIENATION 

  

	29.1	 Not to assign, transfer, underlet, or part with the possession or occupation of the Demised Premises or any part thereof or suffer any person to
occupy the Demised Premises or any part thereof as a licensee, franchisee or concessionaire during the Term except with the previous consent in writing of the Lessor subject to the following provisions or such of them as may be appropriate that is
to say:- 

  

	 	29.1.1	 The Lessee shall prior to any such assignment, transfer, underletting apply to the Lessor giving all reasonable information (including, but not by
way of exception, trade and bank references and audited accounts) concerning the proposed assignee, transferee or underlessee as the Lessor may require; 

 

	 	29.1.2	 The Lessor’s consent to any such assignment, transfer or underletting, shall be given by licence or in such other manner as the Lessor may
reasonably decide but shall be endorsed on the Deed of Assignment and the Lessee shall pay the reasonable costs in connection with such consent; 

  

	 	29.1.3	 In the case of an assignment to a limited liability company if it shall be deemed reasonable, the Lessor may require that a parent or associate
company or two directors of standing satisfactory to the Lessor shall join in such consent as aforesaid as surety for such company in order to covenant with the Lessor as surety that such company will pay the rent and other payments provided for in
this Lease and perform and observe the said covenants and conditions contained in this Lease and indemnify and save harmless the Lessor against all loss, damages, costs and expenses arising by

  
 22 

	 	 
reason of any default by such company. 

  

	29.2	 In the case of an underlease the same shall be of the entire of the Demised Premises and the underlessee shall if required by the Lessor, enter into
a direct covenant with the Lessor to perform and observe all the covenants and conditions herein contained and every such under lease shall also be subject to the following conditions, that is to say that it shall contain:-

  

	 	29.2.1	 An unqualified covenant on the part of the under lessee not to under lease or part with or share the possession of the whole or part only of the
Demised Premises thereby demised without the Lessors consent such consent not to be unreasonable withheld. 

  

	 	29.2.2	 A covenant on the part of the under lessee not to assign part only of the Demised Premises thereby demised and not to assign the whole of the
Demised Premises thereby demised without obtaining the previous consent in writing of the Lessor; 

  

	 	29.2.3	 Covenants and conditions in the same terms as nearly as circumstances admit as those contained in this Lease; 

 

	 	29.2.4	 A covenant on the part of the underlessee prohibiting the underlessee from doing or suffering any act or thing upon or in relation to the Demised
Premises inconsistent with or in breach of the provisions of this Lease; 

  

	 	29.2.5	 A provision giving the Lessor rights of entry for breach of any of the covenants by the under-Lessee; 

 

	 	29.2.6	 The same restrictions as to alienation, assignment, underletting, parting with or sharing possession or occupation of the Demised Premises underlet
as are contained in this Lease. 

 AND the Lessee hereby covenants to operate and enforce all such
covenants and conditions enforceable by the Lessee as Lessor under such an underlease. 
  

	29.3	 In relation to every underlease, the Lessee covenants:- 

 

	 	29.3.2	 to enforce observance of the provisions of the underlease by every underLessee and not at any time, either expressly or by implication, to waive any
breach of the covenants or conditions on the part of the underLessee but promptly to take steps to remedy the breach; 

  

	 	29.3.3	 not to vary the terms of the underlease without the consent of the Lessor; 

 

	 	29.3.4	 such underlease must be in a form approved by the Lessor. 

 

	29.4	 Without prejudice to any other grounds on which the Lessor may be entitled to refuse it’s consent hereunder, the Lessor shall be entitled to
refuse it’s consent to any such proposed assignment, transfer, underletting, or parting with the possession or occupation of the Demised Premises or the sufferance of any person to occupy the Demised Premises or any part thereof as a licensee,
franchisee or concessionaire if:- 

  

	 	29.4.3	 the proposed assignee or other person aforesaid has or may have immunity from legal proceedings in relation to any breach of any covenant or
condition in this Lease or any underlease; 

 AND a refusal by the Lessor of its consent to any
proposed assignment, transfer, underletting, disposition, or parting with the possession or occupation of or the granting of 

  
 23 

 
any such licence, franchise or concession in respect of the Demised Premises or any part thereof on any of the grounds specified above shall in all respects and for all purposes be deemed to be
reasonable. 
  

	29.5	 Without prejudice to any other grounds on which the Landlord may or might be entitled to refuse consent under this Clause 29 it shall be deemed
reasonable for the Landlord to refuse its consent to any proposed assignment, transfer, sub-letting, parting with or sharing the possession or occupation of the whole of the Premises or any part thereof as a licensee or concessionaire (each a
“Disposal”) if the Disposal would result in a VAT cost for the Landlord provided that it shall not be reasonable for the Landlord to refuse its consent to a Disposal in such circumstances where prior to the Disposal the Tenant pays the
Landlord an amount equal to the VAT cost incurred or borne by the Landlord as a result of such Disposal and the Tenant shall indemnify and keep the Landlord indemnified from and against any irrecoverable VAT or any claw back of VAT together with
interest and penalties arising out of any breach of this Clause 29. 

  

	(30)	 PLANNING ACTS 

 In relation to the Planning Acts: 
  

	(a)	 Not to do or omit or permit to be done or omitted anything to or in connection with the Demised Premises the doing or omission of which shall be a
contravention of the Planning Acts or of any notices, orders, licences, consents, permission and conditions (if any) served, made, granted or imposed thereunder or under any enactment repealed thereby and to indemnify (as well after the expiration
of the said term by effluxion of time or otherwise as during its continuance) and keep indemnified the Lessor against all actions, proceedings, damages, penalties, costs, charges claims and demands in respect of such acts and omissions or any of
them and against the costs of any application for planning permission and the works and things done in pursuance thereof. 

  

	(b)	 In the event of the Lessor giving written consent to any of the matters in respect of which the Lessor’s consent shall be required under the
provisions of this Lease or otherwise and in the event of permission from any Planning Authority under the Planning Acts being necessary for any addition, alteration or change on or to the Demised Premises for the change of user thereof to apply at
the cost of the Lessee to the Local Planning Authorities for all consents and permissions which may be required in connection therewith and to give notice to the Lessor of the granting or refusal (as the case may be) of all such consents and
permission forthwith on the receipt thereof. 

  

	(c)	 To give notice forthwith to the Lessor of any Notice Order or proposal for a notice or order served on the Lessee under the Planning Acts and if so
required by the Lessor to produce the same and at the request and cost of the Lessor to make or join in making such objections or representations in respect of any proposals as the Lessor may require 

 

	(d)	 To comply at its own cost with any notice or order served on the Lessee or Lessor under the provisions of the Planning Acts in so far as they affect
the Demised Premises. 

  

	(e)	 If and when called upon to do so to produce to the Lessor or its Surveyors all such plans, documents and other evidence as the Lessor may reasonably
require in order to satisfy itself that the provisions of this clause have been complied with in all respects. 

  

	(f)	 Not to place or deposit or allow to be placed or deposited for sale or otherwise outside any parts of the Demised Premises any goods, articles or
things whatsoever and not to obstruct or allow to be obstructed any forecourt, footpath or walkway abutting the Demised Premises. 

  
 24 

	(31)	 SIGNS AND ADVERTISEMENTS 

  

	31.1	 Not to erect or display on the exterior or any part of the Demised Premises or in the windows thereof so as to be visible from the exterior any
pole, flag, advertisement poster, notice or other sign or thing whatsoever without first obtaining the consent in writing of the Lessor such consent not to be unreasonably withheld or delayed. 

 

	31.2	 On the termination of this Lease, to remove any such pole, flag, advertisement, poster, notice or other sign and make good all damage caused.

  

	(32)	 WAIVER 

 In case the Demised Premises or any part thereof shall be destroyed or become ruinous and uninhabitable or incapable of beneficial occupation or enjoyment by or from any of the Insured Risks during the
term hereby granted the Lessee absolutely waives and abandons its rights (if any) to surrender this Lease under the provision of Section 40 of the 1860 Act or otherwise. 

 

	(33)	 ENCROACHMENTS 

 Not to obstruct any windows lights or openings of the Demised Premises nor to permit any new window light opening doorway path passage or drain or other trespass encroachment or easement to be made or
enjoyed upon over under or against the Demised Premises and if any such trespass encroachment or easement is made or is attempted to be made to give immediate written notice to the Lessor and at the Lessor’s request and the Lessors cost to
adopt such means and take such steps as the Lessor may require for preventing any such trespass or encroachment or the acquisition of any such easement 
  

	(34)	 LEGISLATION 

  

	34.1	 To observe and comply with the requirements of all statutes and legislation whether public or local affecting the Demised Premises or anything
taking place there and to indemnify the Lessor against all proceedings penalties costs or claims in respect of any acts or omissions in breach of this obligation. 

 

	34.2	 If the Lessee receives notice of any order or proposal under such legislation to give notice to the Lessor immediately and if so required by the
Lessor at the Lessees cost to make or join with the Lessor in making such objections or representations in respect of any order or proposal as the Lessor may require and to comply at its own cost with any notice or order served on the Lessee under
any such legislation. 

  

	(35)	 NUISANCE 

  

	35.1	 Not to do or permit or suffer to be done anything in or upon the Demised Premises or any part thereof which may be or become a nuisance, or danger,
or likely to cause an accident, injury or damage to the Lessor, or the owner or lessees of the Units or as the case may be the owners or lessees or occupiers of neighbouring or adjoining premises or to any fixtures or fittings goods furniture or
other such property including injury or damage attributable to the neglect or default or carelessness of the Lessee or to the bursting overflowing disrepair or leaking of any cistern tank basin pipes or other apparatus in the Demised Premises which
the Lessee is liable to repair or renew. 

  

	35.2	 To pay to the Lessor as the case may be all costs, charges and expenses which may be incurred by the Lessor in abating a nuisance in respect of the
Demised Premises and to execute all such works as may be necessary for abating such a nuisance in obedience to a notice lawfully served by a Local or Public Authority or pursuant to any Court Order. 

  
 25 

	35.3	 If the Lessor shall abate any nuisance which the Lessee is responsible to abate the Lessee shall pay all reasonable costs, charges and expenses
incurred in abating such nuisance and executing all such works as may be necessary for abating such nuisance whether or not required in order to comply with a notice served by any Local or other Authority or any other person entitled to abate a
nuisance. 

  

	35.4	 Not to have, store or keep upon the Demised Premises or any part thereof any substance of an explosive or of an inflammable or dangerous nature or
such as might increase the risk of fire or explosion or which might attack or in any way injure by percolation, corrosion or otherwise the Demised Premises or the keeping or the use whereof may contravene any statute or local regulation or bye law
and not to house or operate or permit to be housed or operated in or upon the Demised Premises or any part thereof any portable heating appliances other than portable electric heaters, any engine or machinery of any kind other than the usual
machines used for the Lessee’s trade or business and which are not likely to cause undue vibration or be or become a vibration annoyance or disturbance to any other Lessees or the owners or occupiers or lessees or any adjoining or neighbouring
premises. 

  

	35.5	 Not to install or suffer to be installed any machinery on the Demised Premises which shall be noisy or cause undue vibration or which shall be
either dangerous or a nuisance to the Lessor or the owners or lessees or occupiers of neighbouring or adjoining Demised Premises. 

  

	35.6	 To take all necessary steps to ensure that all smells caused by cooking, refuse or food shall not cause any nuisance to the Lessor or any of the
Lessees or occupiers or the owners or lessees of any adjoining or neighbouring premises. 

  

	(36)	 FIRE REQUIREMENTS 

  

	36.1	 To comply with all the requirements (whether notified or directed to the Lessor and then to the Lessee or directly to the Lessee) of the appropriate
Local Authority or Fire Authority and the Lessor’s Insurers in relation to fire regulations and precautions concerning the Demised Premises and to indemnify the Lessor against any costs or expenses in complying with any such requirements

  

	36.2	 To keep the Demised Premises supplied and equipped with such fire fighting and extinguishing appliances as shall be required by any statute, Local
Authority, Fire Authority or the Lessor’s insurers or as shall be reasonably required by the Lessor and such appliances shall be open to inspection and shall be maintained to the reasonable satisfaction of the Lessor.

  

	36.3	 Not to obstruct the access to or means of working any fire fighting, extinguishing and other fire safety or other appliances for the time being
installed in the Demised Premises or in the Building or the means of escaping the Demised Premises or the Building in the case of fire or other emergencies. 

 

	(37)	 NO FURTHER EXITS 

 Not without the consent of the Lessor, such consent not to be unreasonably withheld to open or allow to be opened any exits or entrances from or to the Demised Premises other than existing exits or
entrances which form part of the plans of the Demised Premises previously approved of by the Lessor. 
  

	(38)	 COSTS 

 To pay the Lessor all reasonable and proper costs, fees, charges, disbursements and expenses properly incurred by the Lessor including, but not limited to, those payments to solicitors, counsel,
architects, 

  
 26 

 
surveyors and sheriffs in relation to:- 
  

	38.1	 the preparation and service of a notice under Section 14 of the Conveyance and Law Property Act, 1881 and of any proceedings under the said Act
and/or the Landlord and Tenant Law Amendment Act, Ireland, 1860 (whether or not any right of re-entry or forfeiture has been waived or a notice served under Section 14 of the said 1881 Act has been complied with by the Lessee and
notwithstanding that forfeiture has been avoided otherwise than by relief granted by the Court). 

  

	38.2	 the preparation and service of all notices and any schedules relating to dilapidations or want of repair, either served during or within six weeks
after the expiration of the Term (but relating in all cases only to such wants of repair that accrued not later than the expiration or sooner determination of the Term). 

 

	38.3	 the recovery or attempted recovery by the Lessor of arrears of rent or service charge or other sums due from the Lessee to the Lessor or in
procuring the remedying of the breach of any covenant by the Lessee. 

  

	38.4	 any application for consent arising from, required or made necessary by this Lease whether or not same is granted (or whether or not the application
has been withdrawn). 

  

	(39)	 NOT TO DAMAGE THE BUILDING 

 Not to damage the Building and not to do or suffer any act or thing whereby any part of the of the Building may be damaged or obstructed or the use thereof by other users or occupiers may be hindered in
any manner whatsoever 
  

	40.	 RULES AND REGULATIONS 

 To comply at all times with any reasonable rules and regulations of the Lessor in relation to the Demised Premises with all requirements of the Insurers, Fire Local and Public authorities in respect of
the Demised Premises and to indemnify the Lessor against any costs or expenses in complying with such requirements. 

  
 27 

 SECOND SCHEDULE 

PART II 

Lessor’s Covenants 
 (Services) 
  

	1.	 Repairs and maintenance 

 Repairing, maintaining, decorating and (as and when necessary) altering, replacing, renewing, rebuilding and reinstating those parts of the Building other than the Demised Premises. 

 

	2.	 Statutory requirements 

 Carrying out any works to the Building required to comply with any statute (other than works for which any Lessee or occupier is responsible). 

  
 28 

 THIRD SCHEDULE 

(Lessor’s Covenants) 
  

	(1)	 INSURANCE 

  

	1.1	 For the purpose of this lease the expression “the Insured Demised Premises” means the Demised Premises but excluding the matters referred
to in Clause 5 of Part I of the Second Schedule hereto. 

  

	1.2	 Subject to the Lessor being able to effect insurance against the items referred to in this Clause 1 having used all reasonable endeavours to obtain
same and subject to reimbursement by the Lessee of the costs of such insurance of this Lease the Lessor covenants with the Lessee to insure the following in the name of the Lessor: 

 

	 	1.2.1	 the Insured Demised Premises against loss or damage by the Insured Risks in the full reinstatement costs thereof (to be determined from time to time
by the Lessor or his Surveyor or Professional Advisor) including: 

  

	 	(i)	 Architects, Surveyors, Consultants and other professional fees (including VAT thereon if applicable). 

 

	 	(ii)	 The costs of shoring up, demolition site clearance and similar expenses. 

 

	 	(iii)	 all stamp duty and other taxes or duties exigible on any building or like contract that may be entered into and all other incidental expenses
relative to the reconstruction, reinstatement or repair of the Insured Demised Premises. 

  

	 	(iv)	 such provision for inflation as the Lessor in his absolute discretion shall deem appropriate. 

 

	 	1.2.2.	 The loss of Rent from time to time payable or reasonably estimated to be payable under this Lease (taking into account any review of rent which may
become due under this Lease) following loss or damage to the Insured Demised Premises by the Insured Risks for three years, or such longer period as the Lessor may from time to time in its absolute discretion, deem to be reasonable having regard to
the likely period required for rebuilding and for obtaining Planning Permission and for compliance with fire and other Local Authority and Statutory Regulations and any other consents and approvals in connection with the reinstatement of the Insured
Demised Premises. 

  

	 	1.2.3.	 Liability for injury to persons in the Building and any other liability of the Lessor arising out of or in relation to the Insured Demised Premises
and to any extension or variation of the Insured Demised Premises. 

  

	 	1.2.4	 such other insurances as the Lessor shall, in it’s discretion from time to time, deem it necessary to effect. 

 

	1.3	 In the event of the Lessor being prevented (for whatever reason) from rebuilding or reinstating the Insured Demised Premises having used all
reasonable endeavours to rebuild or reinstate same the Lessor shall be relieved from it’s obligation to reinstate same pursuant to Clause 2 hereof and shall be solely entitled to all the insurance monies and if such rebuilding and reinstatement
shall continue to be so prevented for three years after the date of the 

  
 29 

	 	 
destruction or damage [and this lease has not been terminated by frustration] or if the loss of rent insurance cover period is less than three years then after the expiration of the loss of rent
cover period the Lessor or the Lessee may at any time after the expiry of such three years or at the expiration of the loss of rent cover period if the loss of rent to cover the period is for less than three years by furnishing not less than three
month’s written notice to the other determine this demise and upon the expiration of three months from the date of service of such notice this agreement shall be deemed at an end, but without prejudice to any claim by either Party against the
other in respect of any antecedent breach of covenant. The Lessor covenants to procure that the Insurers waive any subrogation rights that they may have against the Lessee during the term of this Lease. 

 

	(2)	 REINSTATEMENT 

 Subject as hereinbefore provided if the Insured Demised Premises or any part thereof is destroyed or damaged by any of the Insured Risks then: 

 

	(i)	 unless payment of the insurance moneys shall be refused in whole or in part by reason of any act, neglect or default of the Lessee or the servants,
agents, licensees or invitees of the Lessee or any underlessee or any persons under its or their control; and 

  

	(ii)	 subject to the Lessor being able to obtain any necessary planning permission and procure compliance with fire and other Local Authority and
Statutory Regulations and all other necessary licences, approvals and consents (in respect of which the Lessor shall use its reasonable endeavours to obtain); and 

subject to the necessary labour and materials being and remaining available (which the Lessor shall use its reasonable endeavours to
obtain as soon as practicable) the Lessor shall lay out the proceeds of such insurance in the repair, rebuilding and reinstatement of the Insured Demised Premises or the part or parts thereof so destroyed or damaged, substantially as the same were
and of a similar quality and floor area prior to any such destruction or damage (but not so as to provide accommodation identical in layout and manner of method and construction if it would not be reasonably practical to do so) AND so as to
render the Demised Premises fit for occupation and use for the purpose authorised and manner provided for in this lease within three years of the date of such destruction or damage or within such further period as the parties may agree. 

 

	(3)	 CESSER OF RENT 

 If the Demised Premises or any part thereof is at any time during the Term damaged or destroyed by the Insured Risks or any of them so as to be unfit for occupation and use and if the insurance effected
by the Lessor has not been rendered void or the insurance money wholly or in part withheld by reason of any act or omission of the Lessee or the servants, or agents, of the Lessee then the Rent and Service Charges hereby reserved or a due proportion
thereof according to the nature and extent of the damage sustained shall be suspended until the Demised Premises or the damaged part thereof as the case may be is again rendered fit for occupation and use and any dispute regarding the cesser of Rent
and Service Charge shall be referred to a single arbitrator to be appointed, in default of agreement, upon the application of either party, by or on behalf of the Chairman or acting Chairman for the time being of the Society of Chartered Surveyors
in the Republic of Ireland in accordance with the provisions of the Arbitrations Acts 1954 to 1980. 

  
 30 

 PROVISOS 

PROVIDED ALWAYS AND IT IS HEREBY AGREED AND DECLARED AS FOLLOWS:- 

 

	 	1.	 No implied easements. 

 Nothing herein contained shall impliedly confer upon or grant the Lessee any easement right or privilege other than those expressly granted by this Lease. 

 

	 	2.	 Exclusion of Warranty as to user. 

 Nothing contained in this Lease or in any consent granted by the Lessor under this Lease shall imply a Warrant that the demised premises may be used under the planning acts, the public health acts and for
the purpose herein authorised or any purpose subsequently authorised and the Lessee hereby acknowledges and admits that the Lessor has not given or made any time, any representation or warranty that any such use is or will be or will remain a
permitted use under the planning acts and the public health acts. 
  

	 	3.	 Failure by Lessor to provide services. 

 The Lessor shall not be liable to the Lessee in respect of any failure by the Lessor to perform any of the services in this Lease whether express or implied unless or until the Lessee has notified the
Lessor of such failure and the Lessor has failed within a reasonable time to remedy the same and then in such case the Lessor shall be (subject to the provisions of Clause 4 below) liable to compensate the Lessee only for actual (but not
consequential) loss or damage sustained by the Lessee after such reasonable time has elapsed. 
  

	 	4.	 Exclusion of Lessors liability. 

 The Lessor shall not in any circumstance, incur any liability for any failure or interruption in any of the services provided by the Lessor or for any inconvenience or injuries personal or property
arising from such failure or interruption due to mechanical breakdown, failure or malfunction, overhauling, maintenance, repair or replacement, strikes, labour disputes, shortage of labour or material, inclement weather or any cause or circumstance
beyond the control of the Lessor but the Lessor shall use its reasonable endeavours to cause the service in question to be reinstated with the minimum of delay. 
  

	5.	 Termination The Lessor may terminate this Lease at any time within the 3 year period from the Term Commencement Date (“the Lessors Option
Period “) strictly subject to the following terms and conditions:- 

 The Lessor shall
serve on the Lessee a notice in writing at the Demised Premises confirming the Lessors wish to exercise the right to terminate hereby granted (the “Lessors Notice”) at 

  
 31 

 
least six months prior to the expiry of the Lessor’s Option Period. 
 Within 5 days of service of the Lessors Notice on the receipt by the Lessee of the Lessors Notice, the Lessee shall quietly and peaceably surrender the Demised Premises subject to the Lessee’s
covenants contained in this Lease and the Lessee hereby acknowledges that it shall continue to be responsible for the rent and all outgoings payable on foot of this Lease up to termination of the Lease and shall on or prior to its termination
deliver to the Lessor the original of this lease together with all related title documentation (including a release or discharge of all mortgages, charges or other encumbrances, whether registered or not) and shall as beneficial owner deliver duly
executed and stamped the transfer or surrender of this Lease. 
 FOURTH SCHEDULE 

(Rent Review) 
 Rent
Variation 
  

	1.	 Definitions 

 In this Schedule, the following expressions shall have the following meanings: 
  

	1.1	 “Base Rate” means the annual rate of interest for the time being chargeable under Section 22 of the Courts Act, 1981

  

	1.2	 “the Institute” means the Irish Auctioneers and Valuers’ Institute; 

 

	1.3	 “the Law Society” means the Law Society of Ireland; 

 

	1.4	 “Review Date” means each of the first day of the third, the eight and the thirteenth, the eighteenth, the twenty-third and the
twenty-eighth year of the Term from the Rent Commencement Date (the first Rent Review shall take place on the
20th October 2011) and any additional date notified
under Clause 7 of this Fourth Schedule and “Relevant Review Date” shall be construed accordingly; 

  

	1.5	 “the Reviewed Rent” means the rent agreed or determined in accordance with the provisions of this Schedule; 

 

	1.6	 “the Society” means the Society of Chartered Surveyors in Ireland; 

 

	2.	 Upwards only rent review 

 The rent first reserved by this Lease shall be reviewed at each Review Date in accordance with the provisions of this Fourth Schedule and, from and including each Review Date, the rent shall equal the
higher of either the rent contractually payable immediately before the Relevant Review Date or the open market rent on the Relevant Review Date, as agreed or determined pursuant to the provisions of this Schedule. 

 

	3.	 Agreement or determination of the reviewed rent 

 

	3.1	 The Reviewed Rent may be agreed at any time between the Lessor and the Lessee or, in the

  
 32 

	 	 
absence of agreement, be determined not earlier than the Relevant Review Date by an Arbitrator to be nominated, in the absence of agreement between the parties, upon the application (made not
more than two calendar months before or at any time after the Review Date) of the Lessor (or if the Lessor fails to make such application within twenty-eight days of being requested in writing so to do by the Lessee, then on the application of the
Lessee) by the President of the Law Society at the discretion of the party entitled to make the application; 

  

	3.2	 In the event of the President or other Officer endowed with the functions of the said President of the Law Society or the Institute or the Society
being unable or unwilling to make the nomination therein mentioned the same may be made by the next senior Officer of the Law Society or the Institute or the Society who shall be so able and willing. 

 

	4.	 The Arbitrator 

  

	4.1	 All arbitrations hereunder shall be conducted in accordance with the provisions set forth in the Arbitration Act, 1954-1980.

  

	4.2	 If the Arbitrator relinquishes his appointment or dies or if it becomes apparent that for any reason he is unable or has become unfit or unsuited
(whether because of bias or otherwise) to complete his duties or if he is removed from office by Court Order, a substitute may be nominated in his place and in relation to any such nomination the procedures hereinbefore set forth apply as though the
substitution were a nomination de novo, which said procedures may be repeated as many times as may be necessary. 

  

	5.	 Determination by Arbitrator 

 The Reviewed Rent to be determined by the Arbitrator shall be such as in his opinion represents at the Review Date the full open market yearly rent for the Demised Premises let as a whole without fine or
premium: 
  

	(A)	 ON THE BASIS of a letting with vacant possession thereof by a willing Lessor to a willing Lessee for a term (commencing on the Review Date)
equal to the greater of fifteen years or the residue then unexpired of the Term and subject to the provisions of this lease (other than as to the amount of the Initial Rent but including such of said provisions as pertain to the review of rent);

  

	(B)	 ON THE ASSUMPTIONS that - 

  

	 	(i)	 at and until the Review Date all the covenants on the part of the Lessee and the conditions contained in this Lease have been fully performed and
observed; 

  

	 	(ii)	 in the event of the Demised Premises having been damaged or destroyed and not having been fully repaired, reinstated or rebuilt (as the case may be)
such damage or destruction had not occurred; and 

  

	(C)	 HAVING REGARD to other open market rental values current at the Review Date in so far as the Arbitrator may deem same to be pertinent to the
determination; 

  

	(D)	 BUT DISREGARDING any effect on letting value of: 

 

	 	(a)	 the fact that the Lessee is or has been in occupation of the Demised Premises or any part thereof; 

 

	 	(b)	 the goodwill which has attached to the Demised Premises by reason of the business carried on thereat; 

  
 33 

	 	(c)	 any works executed by and at the expense of the Lessee in, on, to or in respect of the Demised Premises other than required works PROVIDED that in
the interpretation of this subparagraph (c): 

 the expression “the Lessee” shall
extend to and include the Lessee or any predecessor in title of the Lessee or any party lawfully occupying the Demised Premises or any part thereof under the Lessee 

and 
 the expression “required works” mean works executed by the Lessee in pursuance of an obligation imposed on the Lessee by this Lease or by any Lease of which this Lease is a renewal. 

 

	6.	 Interim payments pending determination 

 

	6.1	 If the reviewed rent in respect of any period (“the Current Period”) is not ascertained on or before the Review Date referable thereto,
rent shall continue to be payable up to the Quarterly Gale Day next succeeding the ascertainment of the reviewed rent at the rate applicable during the preceding period AND within seven days of such ascertainment the Lessee shall pay to the Lessor
the appropriate instalment of the reviewed rent together with any shortfall between (i) the aggregate of rents actually paid for any part of the Current Period and (ii) rent at the rate of the reviewed rent attributable to the interval
between that Review Date and such Quarterly Gale Day and together also with interest at the Base Rate on said shortfall, such interest to be computed on a day to day basis. 

 

	6.2	 For the purpose of this paragraph the reviewed rent shall be deemed to have been ascertained on the date when the same shall have been agreed
between the parties or, as the case may be, on the date of the notification to the Lessee of the determination of the Arbitrator. 

  

	7.	 Rent Restrictions 

 If at a Review Date the Lessor’s right to collect, review or increase the rent as from that Review Date in accordance with this Lease is restricted or modified by law, then when such restriction or
modification is removed, relaxed or modified, the Lessor may, by giving not less than seven days’ notice in writing to the Lessee, prescribe as an additional Review Date the date of expiration of such notice and the rent payable from such
additional Review Date shall be ascertained in accordance with this Schedule. 
  

	8.	 Memoranda of reviewed rent 

 As soon as the amount of any reviewed rent has been agreed or determined, memoranda thereof shall be prepared by the Lessor or its solicitors and thereupon shall be signed by or on behalf of the Lessee
and the Lessor and the Lessee shall be responsible for and shall pay to the Lessor the stamp duty (if any) payable on such memoranda and any counterparts thereof, but the parties shall each bear their own costs in respect thereof. 

  
 34 

	
	SIGNED SEALED and DELIVERED
	 by THE LESSOR in the

presence of:

	
	 /s/ Seamus Mulligan

	
	 PRESENT WHEN THE COMMON SEAL
 of THE LESSEE
 was affixed hereto:

	
	 /s/ James A. Skehan

	 DIRECTOR

	
	 James A. Skehan

	 DIRECTOR/SECRETARY

  
 35 

					
		  	DATED THIS      DAY OF              
2008	 	
			
		  	SEAMUS MULLIGAN	 	
		  		 	FIRST PART
			
		  	AZUR PHARMA LIMITED	 	
		  		 	SECOND PART
		  	21 YEAR LEASE	 	
		  	45 FITZWLLIAM SQUARE	 	
		  	DUBLIN 2	 	

  
 36Employment Agreement

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (the “Agreement”) is entered into as
of the Effective Date (as defined below) 
 BETWEEN: 
 (1) Azur Pharma Limited, a limited liability company formed under the laws of Ireland (registered number 399192) whose principal place of business is at 45 Fitzwilliam Square, Dublin 2, Ireland; and

 (2) Seamus Mulligan (“Employee”). 
 WHEREAS, Azur Pharma Limited (“Azur”), Jazz Pharmaceuticals, Inc. (“Jazz”), Jaguar Merger Sub Inc. (a wholly-owned subsidiary of
Azur), and Seamus Mulligan, as Indemnitors’ Representative, are entering into an Agreement and Plan of Merger and Reorganization, dated September 19, 2011 (the “Merger Agreement”), pursuant to which the parties thereto
will effect a reorganization and merger, among other things. 
 WHEREAS, as a result of the
transactions contemplated by the Merger Agreement (the “Merger”), Jaguar Merger Sub Inc. will merge with and into Jazz, with Jazz as the surviving entity, and Azur will change its name to Jazz Pharmaceuticals plc (“New
Jazz” or “Employer”). 
 WHEREAS, Employee is currently an
employee of Azur. 
 WHEREAS, following the Merger, Employer wishes for Employee to
continue employment with Employer, and wishes to provide Employee with certain compensation and benefits in return for his services, on the terms set forth in this Agreement. 
 WHEREAS, together with the Noncompetition Agreement being executed in connection with the Merger (the “Noncompetition Agreement”), this Agreement will
supersede and replace any and all prior agreements, representations, letters, understandings or promises with anyone, written or oral, with regard to the terms and conditions of Employee’s employment with Employer (or with its predecessor,
Azur), including but not limited to Employee’s letter of appointment with Azur dated May 26, 2005, as such letter is now or hereafter amended prior to the Closing Date (the “Prior Employment-Related Agreement”).

 WHEREAS, Employee wishes to continue employment with Employer following the Merger and
to provide such services to Employer in return for certain compensation and benefits on the terms set forth in this Agreement. 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, it is hereby agreed by and between the parties hereto that Employee as follows: 
 1. EMPLOYMENT
BY EMPLOYER. 
 1.1 Contingent on Transaction. The employment terms and conditions
set forth in this Agreement shall become effective as of the “Closing Date”, as that term is defined 

  
 1 

 
in the Merger Agreement. If the “Closing” (as defined in the Merger Agreement) does not occur, or the Merger Agreement is terminated in accordance with its terms, this Agreement
shall have no effect, and shall not be binding on Employer or Employee. 
 1.2 Appointment. Employer agrees to employ
Employee, and Employee hereby accepts such employment, on the terms and conditions set forth herein, effective as of the Closing Date (the “Employment”). 
 1.3 Exclusive Employment. During the continuance of the Employment, Employee will not (except as a representative of Employer or with the prior consent of the Chief Executive Officer of Employer):
undertake, nor directly or indirectly be engaged, concerned or interested in, any other pharmaceutical or biotechnology business, firm, company, concern, enterprise, or society (whether incorporated or not) other than ones in which Employee is a
passive investor; or become an employee, officer, servant or agent of or consultant to any other business, firm, company, concern, enterprise or society (whether incorporated or not). Employee may engage in civic and not-for-profit activities so
long as such activities do not materially interfere with the performance of his duties hereunder. During the continuance of the Employment, Employee will devote his best efforts and at least 75% of his time and attention during the 12-month period
after the Closing, and at least 50% of his time and attention thereafter, to the business of Employer and the Group Companies, except for holiday periods as set forth herein and reasonable periods of illness or other leave periods permitted by the
Employer’s general employment policies. Notwithstanding the foregoing, Employee may be engaged in the business of Circ Pharma Limited and its wholly owned subsidiaries (which for the purposes of this Agreement and the Noncompetition Agreement
shall be deemed to include Tramadol) subject to the restrictions set forth in the Noncompetition Agreement. 
 1.4
Agreement Not to Participate in Competitors. During the continuance of the Employment, Employee agrees not to acquire, assume or participate in, directly or indirectly, any position, investment or interest known by him to be adverse or
antagonistic to Employer or any Group Company or any of their respective businesses or prospects, financial or otherwise, provided, however, that he may own, as a passive investor, securities of any competitor corporation, so long as his
direct holdings in any one such corporation shall not in the aggregate constitute more than five percent (5%) of the voting stock of such corporation. 
 1.5 Employee Representation and Warranty. Employee represents and warrants that Employee is: (a) not prevented by any agreement, arrangement, contract, understanding, court order or
otherwise, which in any way directly or indirectly restricts or prohibits Employee from fully performing the duties of the Employment, or any of them, in accordance with the terms and conditions of this Agreement and (b) not currently and has
never been prevented, restricted or disqualified from holding the office of director or secretary to the Board of the Directors of Employer (the “Board”) or the board of directors of any Group Company. 

1.6 Commencement and Termination Date. Employee’s commencement date for statutory and all other purposes shall be the date of
Employee’s initial commencement of employment with Azur. Subject to any provision herein providing for earlier termination, the Employment shall continue thereafter unless terminated by not less than three months’ notice

  
 2 

 
given by either party to the other, except as permitted under Section 4.1 and subject to Section 4.2, provided that subject always to the provisions of Section 5 the Employee shall
not be entitled to provide notice within the first nine months after the Effective Date. 
 1.7 Place of Work.
Employee’s primary office location shall be Dublin, Ireland. Employer reserves the right to reasonably require the Employee to perform his duties at other locations from time to time and to require reasonable business travel both throughout and
outside Ireland. Employer reserves the right to change the Employee’s work location from time to time in its discretion, subject always to the provisions of Section 5. Any such change to place of work will not constitute a breach of this
Agreement or give rise to any entitlement to payment to the Employee for disturbance, relocation or otherwise. 
 1.8 Title,
Duties. Employee’s title as of the Closing Date shall be Chief Business Officer, International Business Development, in which capacity he shall at all times act in the best interests of Employer and do all in his power to promote, develop
and extend the business of Employer and shall faithfully and diligently perform such duties and exercise such powers consistent therewith as may from time to time be assigned to or vested in him by the Board or Employer. Subject always to the
provisions of Section 5, Employer reserves the right to change Employee’s title and/or to assign to the Employee duties of a different nature either additional to or instead of those referred to above at any time in its sole discretion.

 Subject always to the provisions of Section 5, Employee shall comply with the reasonable and lawful orders of the Chief Executive
Officer, the Board and any other person authorized by the Board. Subject always to the provisions of Section 5, Employee may be reasonably required in pursuance of his duties to perform services consistent with Employee’s position with
Employer not only for Employer but also for any Group Company, including by way of a secondment arrangement and, without further remuneration (except as otherwise agreed), to accept any such office or position with Employer or any Group Company
which is consistent with his position with Employer, as the Board, Employer and/or any other person authorized by the Board may from time to time reasonably require. Employer may at its sole discretion assign the Employment to any Group Company on
the same terms and conditions as set forth herein. 
 1.9 Working Hours. Employee shall work such hours as may be
required for the proper performance of his part-time duties hereunder, including at weekends and beyond normal business hours (9am – 5pm Monday through Friday) and shall be deemed to determine his own working hours for the purposes of section
3(1)(c) of the Organisation of Working Time Act 1997. Any such additional work time shall be unpaid. 
 1.10 Policies and
Procedures. The employment relationship between the parties shall also be governed by, and Employee agrees to comply with, the general policies, employment policies and other practices of Employer (as may be modified from time to time within the
discretion of Employer), as well as any applicable regulatory obligations and codes of practice whether or not such obligations are otherwise legally binding, except that when the terms of this Agreement differ from or are in conflict with these
general policies, employment policies or practices, this Agreement shall control. 

  
 3 

 2. COMPENSATION AND BENEFITS.

 2.1 Salary. Employee’s initial annualized base salary for services to be rendered hereunder is
€300,000 for his 75% time commitment during the 12-month period following the Closing of the Merger (to be proportionally adjusted for future years of service based on the percentage time of services to be provided), payable monthly pro rata in
arrears by equal installments into Employee’s nominated bank account by electronic credit transfer subject to the deduction of income tax, employee PRSI, if any, the Universal Social Charge and any other applicable deductions/levies
(“Base Salary”). The Employee’s Base Salary shall accrue from day to day. 
 2.2 Participation in Bonus
Plan. Beginning for calendar year 2012 (for which bonuses, if any, are expected to be payable during the first quarter of 2013), Employee will be entitled to participate in the Cash Bonus Plan to be adopted by New Jazz following the date
of this Agreement (the “Cash Bonus Plan”), pursuant to the terms of the Cash Bonus Plan and with terms that are expected to be substantially similar to the existing Jazz Cash Bonus Plan. Whether or not Employee earns any bonus will
be dependent on actual achievement of applicable individual and corporate performance goals, as determined by Employer, and is subject to (a) Employee’s continued employment with Employer through the date the bonus is paid,
(b) Employee being in good standing through the date the bonus is paid and (c) Employee not having given notice of resignation through the date the bonus is paid. Employee’s target bonus percentage under the Cash Bonus Plan will be
aligned to the target level in the plan for Senior Vice Presidents, which is currently 40% of base salary received during the calendar year, as determined in accordance with the Cash Bonus Plan. 

2.3 Fees. The remuneration specified at 2.1 above shall be inclusive of any fees receivable in relation to any office, nomination
or appointment as Employer representative which Employee may hold with Employer, any Group Company or any other company or unincorporated body. 
 2.4 Pension. This employment is not pensionable and Employee should make his own pension and life assurance arrangements. Employer provides access for Employee to contribute to a standard Personal
Retirement Savings Account (PRSA) by way of deductions of contributions from Employee’s salary. Employer does not contribute to the PRSA. The PRSA is administered through Hibernian Life & Pensions Limited, One Park Place, Hatch Street,
Dublin 2. 
 2.5 Standard Employer Benefits. Except as otherwise provided herein, Employee shall be eligible to
participate in the standard Employer benefits and compensation plans and practices that may be in effect from time to time, within the discretion of Employer and as provided by Employer to its employees generally, and where applicable pro rata based
on his part time status, subject to the terms and conditions of those plans and practices. Following the Closing Date, employee will maintain his existing vacation balance, if any, with Employer. With respect to accrued sick leave, Employee will
retain his existing sick leave balance, if any, for the remainder of the calendar year in which the Closing of the Merger occurs only. Future accrual of vacation and sick leave will be pursuant to a revised Employer plan to be put in place

  
 4 

 
following the Closing Date. Details of the vacation and sick leave policies will be contained in the employee handbook or such other policy document as Employer may generate. 

2.6 Deductions from Salary. Employer shall be entitled at any time during the Employment, or in any event on termination,
to deduct from Employee’s remuneration hereunder any monies due from him to Employer including but not limited to any overpayments made to him, outstanding loans, advances, the cost of repairing any damage or loss to Employer’s property
caused by him (and of recovering the same), excess holiday, any sums due from him in respect of sickness benefit and any other monies owed by him to Employer. By signing this Agreement, Employee hereby consents to any such deductions from
remuneration or other sums due by Employer. 
 2.7 Changes to Compensation. Subject always to the provisions of
Section 5, Employee’s compensation and benefits may be changed from time to time at the sole discretion of Employer. 

3. PROPRIETARY INFORMATION OBLIGATIONS. 

3.1 Confidential Information. Employee recognizes that, whilst performing his duties for Employer, he will have access to and come
into contact with trade secrets and confidential information belonging to Employer and to the Group Companies and will obtain personal knowledge of and influence over its or their customers and/or employees. Employee shall neither during the
Employment (except in the proper performance of his duties) nor at any time after the termination thereof (without limit), directly or indirectly use for his own purposes or those of any other person, company, business entity or other organization
whatsoever; or disclose to any person, company, business entity or other organization whatsoever; any trade secrets or confidential information relating or belonging to Employer or the Group Companies, including but not limited to any such
information relating to customers, customer lists or requirements, price lists or pricing structures, sales and marketing information, business plans or dealings, employees or officers, source codes and computer systems, software, financial
information and plans, designs, formulae, prototypes, product lines, services, research activities, any document marked “Confidential” (or with a similar expression), or any information which Employee has been told is confidential or which
he might reasonably expect Employer or a Group Company would regard as confidential, or any information which has been given to Employer or a Group Company in confidence by customers, suppliers or other persons. The obligations contained in this
clause shall not apply to any disclosures required by law, and shall cease to apply to any information or knowledge which may subsequently come into the public domain after the termination of Employment other than by way of unauthorized disclosure.

 3.2 Employer Documents. Employee shall not at any time during the continuance of his Employment with Employer make any
notes or memoranda relating to any matter within the scope of Employer’s business, dealings or affairs otherwise than for the benefit of Employer or any Group Company. 
 3.3 Public Statements. Employee shall not make or communicate any statement (whether written or oral) to any representative of the press, television, radio or other media and shall not write any
article for the press or otherwise for publication on any matter 

  
 5 

 
connected with or relating to the business of Employer or any Group Company without obtaining the prior written approval of the Chief Executive Officer of Employer. 

3.4 Intellectual Property. Any discovery, invention, process or improvement in procedure made or discovered by Employee (whether
alone or jointly with others) while in the employment or service of Employer or any Group Company in connection with or in any way affecting or relating to the businesses of Employer or any Group Company or capable of being used or adapted for use
therein by Employer or any Group Company shall promptly be disclosed to Employer and shall belong to and be the absolute property of Employer or such other Group Company as Employer may nominate for the purpose. Employee, if and whenever required so
to do (whether during or after the termination of the Employment), shall at the expense of Employer (or its nominee) apply for or join in applying for letters patent or other equivalent protection in Ireland and/or any other part of the world for
any discovery, invention, process or improvement as aforesaid and execute and do all instruments and things necessary for vesting the said letters patent or other equivalent protection when obtained and all right, title and interest to and in the
same in Employer (or its nominee) absolutely and as sole beneficial owner or in such other person as may be required. Employee hereby irrevocably appoints Employer to be its attorney in his name and on his behalf to execute and do any such
instruments or things and generally to use his name for the purpose of giving to Employer or its nominees the full benefit of the provisions of this clause. 
 3.5 Post-Termination Obligations. In consideration of the salary and other benefits payable under this Agreement, Employee covenants with and undertakes to Employer that he will observe the
post-termination obligations set out in the Noncompetition Agreement, which agreement constitutes part of this Agreement. 

3.6 Retroactive Effectiveness. Employee agrees that Sections 3.1 through 3.4 hereof are effective retroactive to his first day of
employment with Azur. 
 4. TERMINATION OF
EMPLOYMENT. 
 4.1 Summary Dismissal. Notwithstanding anything to the contrary
herein, including in Sections 1.2 or 1.6 above, Employer may terminate the Employment summarily without notice, and without pay in lieu of notice, for Cause (as defined in Section 5.1(e)) or if Employee shall at any time do any of the
following, in each case as determined by the Board in its sole discretion: 
 (a) be guilty of dishonesty; 

(b) act in any manner (whether in the course of his duties or otherwise) which is likely to bring him, Employer or any Group
Company into disrepute or prejudices the interests of Employer or any Group Company; 
 (c) be or become prohibited by
law from being a director; and 
 (d) directly or indirectly advise or participate or act in concert (within the meaning
of the City Code on Take-Overs and Mergers) with any person who makes or is considering making any offer for the issued share capital of Employer. 

  
 6 

 Any delay by Employer in exercising such right to termination shall not constitute a waiver thereof.

 4.2 Termination on Reaching 65. Subject to earlier termination pursuant to the terms of this Agreement, the
Employment shall be deemed to have terminated automatically and by mutual consent on the date of Employee’s 65th birthday. For the avoidance of doubt, if the Employment terminates pursuant to this Section, Employer shall pay Employee’s
remuneration and benefits up to and including the date of his 65th birthday, and thereafter no amounts shall be due and owing from the Employer to the Employee 
 4.3 Return of Company Property. On termination of the Employment, Employee shall forthwith return to Employer in accordance with its instructions all equipment, correspondence, records,
specifications, software, models, notes, reports and other documents and any copies thereof and any other property belonging to Employer or any Group Company (including but not limited to car, keys, credit cards, computers, equipment and passes)
which are in his possession or under his control. Employee shall, if so required by Employer, confirm in writing his compliance with his obligations under this Section. 
 4.4 Garden Leave & Pay in Lieu. Employee agrees that Employer may at its absolute discretion: 
 (a) require Employee not to attend at work and/or not to undertake all or any of his duties during all or any part of any period of notice of termination of employment under Section 1.6
(whether given by Employee or Employer) (the “Garden Leave Period”). Employer shall continue to pay Employee’s normal remuneration during any such Garden Leave Period provided that Employee complies with the terms of this
Agreement; 
 (b) terminate the Employment at any time with immediate effect by giving written notification that it will
make a payment in lieu of notice in the total amount of Employee’s pro rata base salary (at the rate in force on the Termination Date) for the shortest period of notice with which Employer is entitled to terminate the Employment (or, if
shorter, such as where notice already has been given by either party, for the remainder of the notice period). For the avoidance of doubt, such payment shall be made in a lump sum within 60 days after the effective date of Employee’s
termination and shall not include the value of any benefits, bonus/incentive, commission, or holiday entitlement which would have accrued to Employee had he been employed during any notice period and, further, Employee shall have no entitlement to
such payment, or payments (unless and until Employer notifies the Employee in writing that it has decided in its sole decision to make such payment(s) to him). 
 4.5 Suspension. Employer shall have the right to suspend Employee pending any investigation into any potential dishonesty, gross misconduct or any other circumstances which may give rise to a right
to the Employer to terminate pursuant to Section 4.1 above. 
 4.6 Without Prejudice. The termination of the
Employment shall be without prejudice to any right Employer may have in respect of any breach by Employee of any of the provisions of this Agreement which may have occurred prior to such termination. 

  
 7 

 4.7 Employee Representations. Employee agrees that he will not at any time after the
termination of the Employment represent himself as still having any connection with Employer or any Group Company, save as a former employee for the purpose of communicating with prospective employers or complying with any applicable statutory
requirements. 
 4.8 Resignation from Directorships. The Employee shall forthwith resign in writing from all
directorships, trusteeships and other offices he may hold from time to time with Employer or any Group Company without compensation for loss of office in the event of: 
 (a) the termination of the Employment; or 
 (b) either Employer or
Employee serving on the other notice of termination of the Employment (unless Employer requests that such resignation be delayed until the date of termination of the Employment). 
 In the event of Employee failing to comply with his obligations under this Section, he hereby irrevocably and unconditionally authorises Employer to appoint a person in his name and on his behalf to sign
or execute any documents and/or do all things necessary or requisite to give effect to such resignations as referred to above. 

5. SEVERANCE PAYMENTS. 

5.1 Certain Definitions. For purposes of this Section 5, the following terms are defined as follows: 

(a) “Affiliate” means any “parent” or “subsidiary” of Employer as such terms are defined in
Rule 405 of the Securities Act of 1933, as amended. 
 (b) “Bonus Multiplier” means the quotient
obtained by dividing the number of full months that the Employee is employed in the year of a Covered Termination by twelve (12). 
 (c) “Bonus Percentage” means the greater of any annual bonus, as a percentage of annual base salary paid in the year of determination, paid to the Employee in respect of either of
the last two calendar years prior to the date of a Covered Termination; provided that no annual bonus paid before consummation of the Merger shall be considered for this purpose. 

(d) “Change in Control” means “Change in Control” as defined in the New Jazz Amended and Restated
Change in Control Severance Benefit Plan; provided, however, that for the twelve month period following the Closing Date, the Merger shall constitute a “Change in Control” for purposes of this Section 5. 

(e) “Cause” means the occurrence of any one or more of the following: (i) the Employee’s unauthorized
use or disclosure of the confidential information or trade secrets of the Employer or its Affiliates which use or disclosure causes material harm to the Employer or an Affiliate; (ii) the Employee’s material breach of any agreement between
the Employee and the Employer or an Affiliate which remains uncured for ten (10) days after 

  
 8 

 
receiving written notification of the breach from the Employer; (iii) the Employee’s material failure to comply with the written policies or rules of the Employer or an Affiliate which
remains uncured for ten (10) days after receiving written notification of the breach from the Employer; (iv) the Employee’s conviction of, or plea of “guilty” or “no contest” to, any crime involving fraud,
dishonesty, or moral turpitude under the laws of any United States Federal, state, local, or foreign governmental authority; (v) the Employee’s gross misconduct; (vi) the Employee’s continuing failure to perform assigned duties
after receiving written notification of the failure from the Employer; (vii) the Employee’s failure to cooperate in good faith with a governmental or internal investigation of the Employer, its Affiliates, directors, officers, or
employees, if the Employer has requested the Employee’s cooperation; or (viii) any action of Employee under 4.1 warranting summary dismissal. 
 (f) “Constructive Termination” means a resignation of employment by Employee after an action or event which constitutes Good Reason is undertaken by Employer or an Affiliate, or
occurs; provided, however, that in order for Employee’s resignation to constitute a Constructive Termination, Employee must (i) provide written notice to Employer’s General Counsel within thirty (30) days after the first
occurrence of the event giving rise to Good Reason setting forth the basis for such resignation, (ii) allow Employer at least thirty (30) days from receipt of such written notice to cure such event, and (iii) if such event is not
reasonably cured within such period, resign from all positions Employee then holds with Employer and any Affiliate effective not later than ninety (90) days after the expiration of the cure period. 

(g) “Covered Termination” means either (i) an Involuntary Termination Without Cause, or (ii) a
Constructive Termination, in each case within twelve (12) months following a Change in Control. Termination of employment of Employee due to death or disability shall not constitute a Covered Termination unless a resignation of employment by
Employee immediately prior to Employee’s death or disability would have qualified as a Constructive Termination. 
 (h)
“Good Reason” means the occurrence of any one or more of the following actions or events: 
 (i) a
reduction in Employee’s base salary by more than ten percent (10%) (other than a reduction in conjunction with (x) a Company-wide salary reduction, or (y) a salary reduction involving senior management of Employer which results
in salary reductions for employees similarly-situated to Employee); or 
 (ii) a relocation of Employee’s place of
employment that increases Employee’s one-way commute by more than thirty-five (35) miles; provided and only if such reduction or relocation is effected without Employee’s consent; or 

(iii) a substantial reduction in Employee’s duties or responsibilities (and not simply a change in reporting relationships)
in effect prior to the effective date of the Change in Control; provided, however, that it shall not constitute “Good Reason” if, following the effective date of the Change in Control, either (x) Employer is retained as a
separate legal entity or business unit and Employee holds the same position in such legal entity or business unit as Employee held before such effective date, (y) Employee holds a position with

  
 9 

 
duties and responsibilities comparable (though not necessarily identical, in view of the relative sizes of Employer and the entity involved in the Change in Control) to the duties and
responsibilities of Employee prior to the effective date of the Change in Control; or 
 (iv) a reduction in the
Employee’s title (e.g., the Employee no longer has a “Vice President” or “Senior Vice President”, etc. title). Employee’s signature of this Agreement shall be confirmation that his duties, title and compensation
payable pursuant to this Agreement shall not constitute “Good Reason.” 
 (i) “Involuntary Termination
Without Cause” means a termination by the Employer of the Employee’s employment relationship with the Employer or an Affiliate for any reason other than for Cause and other than as a result of death or disability. 

5.2 Covered Termination. 
 (a) Amount of Benefits. In the event of the Employee’s Covered Termination, and subject to the requirements set forth in Section 5.2(b), the Employee shall be entitled to receive
the benefits provided by this Section 5.2. 
 (i) Cash Severance Benefits. The Employer shall make a lump sum
cash severance payment to the Employee in an amount equal to the sum of (1) the Employee’s base salary at the rate in effect during the last regularly scheduled payroll period immediately preceding the date of the Employee’s Covered
Termination (without giving effect to any reduction in base salary that would constitute grounds for Constructive Termination) (the “Severance Base”) multiplied by 125% and (2) the product of the Severance Base multiplied by
the Bonus Percentage multiplied by 125% and (3) the product of the Severance Base multiplied by the Bonus Percentage multiplied by the Bonus Multiplier. Notwithstanding the foregoing, during the twelve month period following the Closing Date,
in lieu of the bonus-related cash severance payment described in the first sentence of this Section 5.2(a)(i) at (2) and (3), upon his Covered Termination, Employee shall instead be entitled to receive an amount equal to the sum of
(x) the product of the Severance Base multiplied by 40% multiplied by 125% and (y) the product of the Severance Base multiplied by 40% multiplied by the quotient obtained by dividing the number of full months during such twelve month
period that Employee is employed by Employer by twelve (12). Such severance payment shall be paid in a single lump sum payment on the sixtieth (60th) day following the Employee’s Covered Termination. 

(ii) Health Continuation Coverage. 
 (1) Provided that the Employee is eligible for, and timely elects continued coverage under New Jazz health plan and following the Covered Termination, the Employer shall pay to the applicable
insurers, as and when due, the applicable premiums (inclusive of premiums for the Employee’s participating dependents for such health, care plan) for such plan coverage for a period of up to fifteen (15) months following the date of the
Covered Termination (or such earlier date if the Employee is no longer eligible for coverage). The provision of these benefits is subject to insurance being obtained on normal terms and subject to medical and other underwriting requirements and
other terms and conditions.  

  
 10 

 (2) The Employer’s obligations under this Section 5.2(a)(ii) shall
terminate, and no such premium payments (or any other payments for health coverage by the Employer) shall be made by the Employer, as of the earliest of the Employee’s death, the effective date of the Employee’s coverage by a health
insurance plan of a subsequent employer and the date the Employee or his dependents cease to be eligible for New Jazz health plan coverage. The Employee shall be required to notify the Employer immediately if the Employee becomes covered by a health
insurance plan of a subsequent employer or if the Employee or his participating dependents otherwise cease to be eligible for New Jazz health plan coverage during the period provided in this Section 5.2(a)(ii). Upon the conclusion of such
period of insurance premium payments made by the Employer, the Employee will be responsible for the entire payment of premiums required under New Jazz health plan for the remaining duration of the period. 

(iii) Equity Award Vesting Acceleration. The vesting and exercisability of (and the lapsing of any unvested
share repurchase rights in respect of) all outstanding compensatory equity awards covering New Jazz Ordinary Shares that are held by the Employee on the date of such Covered Termination shall be accelerated in full, effective on the 60th day following the Covered Termination. In order to give effect to
the foregoing provision, notwithstanding anything to the contrary set forth in the Employee’s equity award agreements or the rules of the plan under which such awards have been granted, following the Employee’s Covered Termination, the
Employee’s options and equity awards shall not terminate with respect to any unvested portion subject to such awards that may be subject to acceleration hereunder until the day after the
60th day following the Covered Termination (provided that,
in respect of any stock option, this is no later then the expiration of the term of such option and further provided that, the vested portions of any stock option shall terminate pursuant to their normal terms). With respect to any compensatory
stock option held by the Employee that is subject to accelerated vesting hereunder, such option may not be exercised by the Employee in respect of the accelerated shares prior to the 60th day after the Covered Termination (provided that, in respect of any stock option, this is no later then the expiration
of the term of such option). Notwithstanding the foregoing, if the Employee’s service is terminated for any reason during the twelve month period following the closing of the Merger, equity awards granted during such period shall be excluded
from the vesting acceleration benefit described in this Section 5.2(a)(iii) provided, however, that this sentence shall not apply in the case of a Change in Control (other than the Merger) after the closing of the Merger. 

(b) Limitations on Benefits. 
 (i) Release. In order to be eligible to receive benefits under Section 5.2(a), the Employee must execute a general waiver and release in a form consistent with those required of other
employees of Jazz at a similar of seniority to the Employee, and return such release to Employer within the time period specified therein, but in no event more than forty-five (45) days following the date of the Covered Termination, and such
release must become effective in accordance with its terms but in all cases not later than the sixtieth (60th) day following the Covered Termination. No release shall require the Employee to forego any unpaid salary, any accrued but unpaid
vacation pay or any benefits payable pursuant to this Agreement. The Employer, in its sole discretion, may modify the form of the required release to comply with applicable law and shall determine the form of the required release. 

  
 11 

 (ii) Certain Reductions. The Employer shall reduce the Employee’s severance
benefits provided under this Agreement, to the greatest extent possible, by any other severance benefits whether contractual or statutory, pay in lieu of notice, or other similar benefits payable to the Employee by the Employer that become payable
in connection with the Employee’s termination of employment, including but not limited to those payable pursuant to (1) any applicable legal requirement or (2) any Employer policy or practice providing for the Employee to remain on
the payroll for a limited period of time after being given notice of the termination of the Employee’s employment. Save for those payments which may be payable under Clause 4.4 of this Agreement, the benefits provided under Section 5.2 of
this Agreement are intended to satisfy any and all statutory obligations and other contractual obligations of the Employer that may arise out of Employee’s termination of employment, and the Employer shall so construe and implement the terms of
Section 5.2 of this Agreement. In the Employer’s sole discretion, such reductions shall be applied on a retroactive basis, with severance benefits previously paid being re-characterized as payments pursuant to the Employer’s statutory
or other contractual obligations. 
 (iii) Parachute Payments. If any payment or benefit to which Employee may be
entitled in connection with a change in control (the “Payments”, which shall include, without limitation, the vesting of an option or other non-cash benefit or property) would (i) constitute a “parachute payment”
within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended and the rules and regulations thereunder and, (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the
“Excise Tax”), then such Payments shall be equal to the Reduced Amount. The “Reduced Amount” shall be either (x) the largest portion of the Payments that would result in no portion of the Payments being subject
to the Excise Tax, or (y) the largest portion, up to and including the total, of the Payments, whichever amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed
at the highest applicable marginal rate), results in the Employee’s receipt, on an after-tax basis, of the greater amount of the Payments notwithstanding that all or some portion of the Payments may be subject to the Excise Tax. If a reduction
in payments or benefits constituting “parachute payments” is necessary so that the Payments equal the Reduced Amount, reduction shall occur in the manner that results in the greatest economic benefit for Employee. Determination of whether
Payments would result in the application of the Excise Tax, and the amount of any reduction that is necessary so that the Payments equal the Reduced Amount shall be made, at Employer’s expense, by the independent accounting firm employed by
Employer prior to the date on which Employee’s right to any Payments are triggered (if requested at that time by Employee or Employer) or such other time as reasonably requested by Employee or Employer. 

(iv) Mitigation. Except as otherwise specifically provided herein, the Employee shall not be required to mitigate damages or the
amount of any payment provided under Section 5.2(a) of this Agreement by seeking other employment or otherwise. Similarly, no amount of any payment provided for under Section 5.2(a) of this Agreement shall be reduced by any compensation
earned by the Employee as a result of employment by another employer or any retirement benefits received by such Employee after the date of the Employee’s termination of employment with the Employer, except for health continuation coverage
provided pursuant to Section 5.2(a)(ii). 

  
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 (c) Tax Withholding. All payments under this Agreement will be subject to all
applicable withholding of the Employer, including, without limitation, obligations to withhold for federal, state and local income and employment taxes. 
 6. GRIEVANCE PROCEDURE. 

6.1 Grievance. If Employee has any grievance relating to the Employment, he should raise it with the Chief Executive Officer of
Employer and thereafter (if the matter is not resolved) with the Board. In such a case, the Board will deal with the matter by discussion and majority decision of those present and voting (but without Employee being entitled to vote on that issue).

 7. DISCIPLINARY PROCEDURE. 

7.1 Disciplinary. Employer requires a good standard of discipline and conduct from Employee together with satisfactory standards
of work. Full details of the Employer’s Disciplinary Procedure will be contained in the employee handbook or in such other policy document as Employer may generate. 
 8. DATA PROTECTION. 
 8.1 Data. All personal information which Employer holds about Employee is protected by data protection laws. Employer take its responsibilities under these laws seriously and holds some or all of
the following personal data about Employee: address, date of birth, marital status, educational or previous employment background, history and details of current position, CVs, applications and interview records, references, performance ratings or
reviews, bank details, salary, bonuses, records of internet or email usage, CCTV images, records of disciplinary investigations/meetings or grievances, stock option, pension and other insurance documentation, payroll details and other related data.
This information is required for the management and administration of the Employment and to protect Employee’s rights under various employment laws. For these purposes it may from time to time be necessary to disclose Employee’s personal
information to third parties, including (but not limited to) payroll processors, pension brokers/trustees, or insurers. It may also be necessary to disclose information in order to comply with any legal or regulatory obligations. Employer takes all
reasonable steps as required by law to ensure the safety, privacy and integrity of Employee’s personal information. Employer may need to share personal data including sensitive personal data with other related entities which are based abroad.
This may involve a transfer of data, including Employee’s personal sensitive data to a country which may not have the same data protection laws as Ireland. By signing this Agreement, Employee hereby consents to Employer holding, processing,
transferring or disclosing such personal data. 
 9. GENERAL PROVISIONS.

 9.1 Notices. Any notices provided hereunder must be in writing and shall be deemed effective upon the earlier of
personal delivery (including personal delivery by fax) or the 

  
 13 

 
next day after sending by overnight carrier, to Employer at its primary office location and to Employee at his address as listed on the Employer’s payroll records. 

9.2 Confidentiality. Employee shall hold the provisions of this Agreement in strictest confidence and will not publicize or
disclose such provisions in any manner whatsoever; provided, however, that Employee may disclose this Agreement: (a) to Employee’s immediate family; (b) in confidence to his attorneys, accountants, auditors, tax preparers, and
financial advisors; and (c) insofar as such disclosure may be necessary to enforce its terms or as otherwise permitted or required by applicable law. In particular, Employee agrees not to disclose the terms of this Agreement to any current or
former employee of the Employer or any of the Group Companies save that Seamus Mulligan, David Brabazon, Eunan Maguire, Fintan Keegan and/or Mike Kelly may disclose and/or discuss the terms of this Agreement with each other. 

9.3 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction to the extent possible in keeping with the intent of the parties and applicable law. 

9.4 Waiver. To be effective any waiver of a breach of any provision of this Agreement shall be in writing and it shall not be
deemed to be a waiver of any preceding or succeeding breach of the same or any other provision of this Agreement. 
 9.5
Complete Agreement. This Agreement, together with the Noncompetition Agreement, constitutes and forms the complete, final, and exclusive embodiment of the entire agreement between Employee and Employer concerning Employee’s employment with
Employer (or with its predecessor, Azur) and shall supersede and replace any and all prior agreements, representations, letters, understandings or promises with anyone, written or oral, with regard to its subject matter, including the Prior
Employment-Related Agreement. This Agreement is entered into without reliance on any promise or representation other than those expressly contained herein, and the terms hereof cannot be modified or amended except in a written agreement signed by
Employee and an officer of Employer and duly authorized by the Board. 
 9.6 Construction and Counterparts. This
Agreement is to be read and construed consistently with the Merger Agreement and the Noncompetition Agreement, with the provisions of each considered as cumulative and not exclusive, and with maximum effect being given to each. For purposes of
construction of this Agreement, any ambiguity shall not be construed against either party as the drafter. This Agreement may be executed in separate counterparts, any one of which need not contain signatures of more than one party, but all of which
taken together will constitute one and the same Agreement. Signatures transmitted via facsimile or by PDF shall be deemed equivalent to original signatures. 

  
 14 

 9.7 Headings. The headings of the sections hereof are inserted for convenience only
and shall not be deemed to constitute a part hereof nor to affect the meaning thereof. 
 9.8 Successors and Assigns.
This Agreement is intended to bind and inure to the benefit of and be enforceable by Employee and Employer, and their respective successors, assigns, heirs, executors and administrators, except that Employee may not assign any of his duties
hereunder and he may not assign any of his rights hereunder without the written consent of Employer. 
 9.9 Choice of
Law. All questions concerning the construction, validity and interpretation of this Agreement will be governed by the law of Ireland without regard to conflicts of law principles. 

9.10 Definitions. In this Agreement, the following words and expressions shall have the meanings set out below: 

“Ireland” means the Republic of Ireland. 
 A “Group Company” includes any firm, company, corporation or other organization: 
  

	 	•	 	 which is directly or indirectly controlled by Employer (including Jazz and Azur Pharma Inc.); or 

 

	 	•	 	 which directly or indirectly controls Employer; or 

  

	 	•	 	 which is directly or indirectly controlled by a third party who also directly or indirectly controls Employer; or 

 

	 	•	 	 of which Employer or any other associated company owns or has a beneficial interest in 20% or more of the issued share capital or 20% or more of its
capital assets; or 

  

	 	•	 	 which is the successor in title or assign of the firms, companies, corporations or other organizations referred to above. 

“Termination Date” shall mean the date upon which the Employee’s employment with the Employer terminates, and for the avoidance of
doubt, does not mean the date on which the greater of contractual or statutory notice would have expired had it been given unless otherwise stated. 

  
 15 

 IN WITNESS WHEREOF, the
parties have executed this Agreement effective as of the day and year first above written. 
  

					
		 	AZUR PHARMA LIMITED
			
		 	By:	 	 /s/ James A.
Skehan

					
			
		 	Print Name:	 	 James A.
Skehan

					
			
		 	Title:	 	 Company
Secretary

					
			
		 	Date:	 	 September 19, 2011

 UNDERSTOOD and AGREED to this 
 18th day of September, 2011. 
  

			
		
	By:	 	 /s/ Seamus Mulligan

			
		
	Print Name:	 	 Seamus Mulligan

 Employment Agreement

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