Common use of OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE Clause in Contracts

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 Section 3.1 Appointment and Undertaking of the Collateral Trustee 13 Section 3.2 Release or Subordination of Liens 14 Section 3.3 Enforcement of Liens 15 Section 3.4 Application of Proceeds 15 Section 3.5 Powers of the Collateral Trustee 17 Section 3.6 Documents and Communications 17 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 Section 3.8 Additional Secured Debt 17 Section 3.9 Hedging Obligations 19 ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 Section 4.1 Release of Liens on Collateral 20 Section 4.2 Delivery of Copies to Secured Debt Representatives 21 Section 4.3 Preparing, Filing or Recording Release Documentation 22 Section 4.4 Satisfaction of Obligations in Respect of any Series of Secured Debt 22 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE 23 Section 5.1 No Implied Duty 23 Section 5.2 Appointment of Agents and Advisors 23 Section 5.3 Other Agreements 23 Section 5.4 Solicitation of Instructions 24 Section 5.5 Limitation of Liability 24 Section 5.6 Documents in Satisfactory Form 25 Section 5.7 Entitled to Rely 25 Section 5.8 Secured Debt Default 26 Section 5.9 Actions by Collateral Trustee 26 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 26 Section 5.11 Rights of the Collateral Trustee 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 Section 5.13 Assumption of Rights, Not Assumption of Duties 28 Section 5.14 No Liability for Clean-Up of Hazardous Materials 28 Section 5.15 Act of Required Secured Party, etc. 28

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 Section 16 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 13 Section 16 SECTION 3.2 Release or Subordination of Liens 14 Section 17 SECTION 3.3 Enforcement of Liens 15 Section 18 SECTION 3.4 Application of Proceeds 15 Section 18 SECTION 3.5 Powers of the Collateral Trustee 17 Section 20 SECTION 3.6 Documents and Communications 17 Section 20 SECTION 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 Section 20 SECTION 3.8 Additional Secured Debt 17 Section 3.9 Hedging Pari Passu Obligations 19 20 ARTICLE IV 4. OBLIGATIONS ENFORCEABLE BY THE ISSUER AND THE OTHER OTHER GRANTORS 20 Section 24 SECTION 4.1 Release of Liens on Collateral 20 Section 24 SECTION 4.2 Delivery of Copies to Secured Debt Authorized Representatives 21 Section 26 SECTION 4.3 PreparingCollateral Trustee not Required to Serve, Filing File or Recording Record 26 SECTION 4.4 Release Documentation 22 Section 4.4 Satisfaction of Obligations Liens in Respect of any Series of Secured Pari Passu Debt 22 26 ARTICLE V 5. IMMUNITIES OF THE COLLATERAL TRUSTEE 23 Section 27 SECTION 5.1 No Implied Duty 23 Section 27 SECTION 5.2 Appointment of Agents and Advisors 23 Section 27 SECTION 5.3 Other Agreements 23 Section 27 SECTION 5.4 Solicitation of Instructions 24 Section 28 SECTION 5.5 Limitation of Liability 24 Section 28 SECTION 5.6 Documents in Satisfactory Form 25 Section 28 SECTION 5.7 Entitled to Rely 25 Section 28 SECTION 5.8 Secured Pari Passu Debt Default 26 Section 28 SECTION 5.9 Actions by Collateral Trustee 26 Section 29 SECTION 5.10 Security or Indemnity in favor of the Collateral Trustee 26 Section 29 SECTION 5.11 Rights of the Collateral Trustee 26 Section 29 SECTION 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 Section 29 SECTION 5.13 Assumption of Rights, Not Assumption of Duties 28 Section 30 SECTION 5.14 No Liability for Clean-Clean Up of Hazardous Materials 28 30 ARTICLE 6. RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE 31 SECTION 6.1 Resignation or Removal of Collateral Trustee 31 SECTION 6.2 Appointment of Successor Collateral Trustee 31 SECTION 6.3 Succession 31 SECTION 6.4 Merger, Conversion or Consolidation of Collateral Trustee 32 ARTICLE 7. MISCELLANEOUS PROVISIONS 32 SECTION 7.1 Amendment. 32 SECTION 7.2 Voting 33 SECTION 7.3 Further Assurances; Insurance 34 SECTION 7.4 Successors and Assigns 36 SECTION 7.5 Delay and Waiver 36 SECTION 7.6 Notices 36 SECTION 7.7 Notice Following Discharge of Pari Passu Obligations 38 SECTION 7.8 Entire Agreement 38 SECTION 7.9 Compensation; Expenses 38 SECTION 7.10 Indemnity 39 SECTION 7.11 Severability 39 SECTION 7.12 Section 5.15 Act Headings 40 SECTION 7.13 Obligations Secured 40 SECTION 7.14 Governing Law 40 SECTION 7.15 Consent to Jurisdiction 40 SECTION 7.16 Waiver of Required Secured PartyJury Trial 40 SECTION 7.17 Counterparts 41 SECTION 7.18 Grantors and Additional Grantors 41 SECTION 7.19 Continuing Nature of this Agreement 41 SECTION 7.20 Insolvency 42 SECTION 7.21 Rights and Immunities of Authorized Representatives 43 SECTION 7.22 Purchase Right 43 EXHIBIT A – Additional Pari Passu Debt Designation EXHIBIT B – Form of Collateral Trust Joinder— Additional Pari Passu Obligations EXHIBIT C – Form of Collateral Trust Joinder—Additional Grantor COLLATERAL TRUST AGREEMENT dated as of November 20, etc. 282018 among HC2 HOLDINGS, INC., a Delaware corporation (the “Issuer”), the Grantors from time to time party hereto, U.S. BANK NATIONAL ASSOCIATION, as Trustee (as defined below), and U.S. BANK NATIONAL ASSOCIATION, as Collateral Trustee (in such capacity and together with its successors in such capacity, the “Collateral Trustee”).

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 Section 3.1 Appointment and Undertaking of the Collateral Trustee 13 Section 3.2 Release or Subordination of Liens 14 15 Section 3.3 Enforcement of Liens 15 Section 3.4 Application of Proceeds 15 Section 3.5 Powers of the Collateral Trustee 17 Section 3.6 Documents and Communications 17 18 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 18 Section 3.8 Additional Secured Debt 17 18 Section 3.9 Hedging Obligations 19 20 ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 21 Section 4.1 Release of Liens on Collateral 20 21 Section 4.2 Delivery of Copies to Secured Debt Representatives 21 22 Section 4.3 Preparing, Filing or Recording Release Documentation 22 Section 4.4 Satisfaction of Obligations in Respect of any Series of Secured Debt 22 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE 23 Section 5.1 No Implied Duty 23 Section 5.2 Appointment of Agents and Advisors 23 Section 5.3 Other Agreements 23 24 Section 5.4 Solicitation of Instructions 24 Section 5.5 Limitation of Liability 24 Section 5.6 Documents in Satisfactory Form 25 Section 5.7 Entitled to Rely 25 Section 5.8 Secured Debt Default 26 25 Section 5.9 Actions by Collateral Trustee 26 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 26 Section 5.11 Rights of the Collateral Trustee 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 26 Section 5.13 Assumption of Rights, Not Assumption of Duties 28 Section 5.14 No Liability for Clean-Up of Hazardous Materials 28 Section 5.15 Act of Required Secured Party, etc. 2827

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 13 12 Section 3.2 Release or Subordination of Liens 14 Section 3.3 Enforcement of Liens 15 14 Section 3.4 Application of Proceeds 15 Section 3.5 Powers of the Collateral Trustee 17 16 Section 3.6 Documents and Communications 17 16 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 16 Section 3.8 Additional Secured Debt 17 Section 3.9 Hedging Obligations 19 ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 19 Section 4.1 Release of Liens on Collateral 20 19 Section 4.2 Delivery of Copies to Secured Debt Representatives 21 Section 4.3 Preparing, Filing or Recording Release Documentation 22 21 Section 4.4 Satisfaction of Obligations in Respect of any Series of Secured Debt 22 21 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE 23 Section 5.1 No Implied Duty 23 Section 5.2 Appointment of Agents and Advisors 23 Section 5.3 Other Agreements 23 Section 5.4 Solicitation of Instructions 24 Section 5.5 Limitation of Liability 24 Section 5.6 Documents in Satisfactory Form 25 Section 5.7 Entitled to Rely 25 Section 5.8 Secured Debt Default 26 25 Section 5.9 Actions by Collateral Trustee 26 25 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 26 25 Section 5.11 Rights of the Collateral Trustee 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 26 Section 5.13 Assumption of Rights, Not Assumption of Duties 28 Section 5.14 No Liability for Clean-Up of Hazardous Materials 28 Section 5.15 Act of Required Secured Party, etc. 2827

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 20 Section 3.1 Appointment and Undertaking of the Collateral Trustee 13 20 Section 3.2 Release or Subordination of Liens 14 21 Section 3.3 Enforcement of Liens 15 22 Section 3.4 Application of Proceeds 15 22 Section 3.5 Powers of the Collateral Trustee 17 24 Section 3.6 Documents and Communications 17 25 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 Holders of Parity Lien Obligations 25 Section 3.8 Additional Secured Parity Lien Debt 17 Section 3.9 Hedging Obligations 19 25 ARTICLE IV 4 OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 OBLIGORS 28 Section 4.1 Release of Liens on Collateral 20 28 Section 4.2 Delivery of Copies to Secured Debt Parity Lien Representatives 21 30 Section 4.3 PreparingCollateral Trustee not Required to Serve, Filing File or Recording Release Documentation 22 Record 30 Section 4.4 Satisfaction Release of Obligations Liens in Respect of Notes 31 Section 4.5 Release of Liens in Respect of any Series of Secured Parity Lien Debt 22 other than the Notes 31 ARTICLE V 5 IMMUNITIES OF THE COLLATERAL TRUSTEE 23 31 Section 5.1 No Implied Duty 23 31 Section 5.2 Appointment of Agents and Advisors 23 32 Section 5.3 Other Agreements 23 32 Section 5.4 Solicitation of Instructions 24 32 Section 5.5 Limitation of Liability 24 33 Section 5.6 Documents in Satisfactory Form 25 33 Section 5.7 Entitled to Rely 25 34 Section 5.8 Secured Parity Lien Debt Default 26 34 Section 5.9 Actions by Collateral Trustee 26 34 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 26 35 Section 5.11 Rights of the Collateral Trustee 26 35 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 35 Section 5.13 Assumption of Rights, Not Assumption of Duties 28 36 Section 5.14 No Liability for Clean-Clean Up of Hazardous Materials 28 36 Section 5.15 Act of Required Secured Party, etc. 28Other Relationships with the Obligors 37

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 13 12 Section 3.2 Release or Subordination of Liens 14 13 Section 3.3 Enforcement of Liens 15 14 Section 3.4 Application of Proceeds 15 14 Section 3.5 Powers of the Collateral Trustee 17 15 Section 3.6 Documents and Communications 17 16 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 16 Section 3.8 Additional Secured Debt 17 16 Section 3.9 Hedging Obligations 19 ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 18 Section 4.1 Release of Liens on Collateral 20 18 Section 4.2 Delivery of Copies to Secured Debt Representatives 21 20 Section 4.3 Preparing, Filing or Recording Release Documentation 22 20 Section 4.4 Satisfaction of Obligations in Respect of any Series of Secured Debt 22 20 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE 23 21 Section 5.1 No Implied Duty 23 21 Section 5.2 Appointment of Agents and Advisors 23 21 Section 5.3 Other Agreements 23 21 Section 5.4 Solicitation of Instructions 24 22 Section 5.5 Limitation of Liability 24 22 Section 5.6 Documents in Satisfactory Form 25 22 Section 5.7 Entitled to Rely 25 23 Section 5.8 Secured Debt Default 26 23 Section 5.9 Actions by Collateral Trustee 26 23 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 26 23 Section 5.11 Rights of the Collateral Trustee 26 23 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 24 Section 5.13 Assumption of Rights, Not Assumption of Duties 28 25 Section 5.14 No Liability for Clean-Up of Hazardous Materials 28 25 Section 5.15 Act of Required Secured Party, etc. 2825 ARTICLE VI RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE 26 Section 6.1 Resignation or Removal of Collateral Trustee 26 Section 6.2 Appointment of Successor Collateral Trustee 26 Section 6.3 Succession 26 Section 6.4 Merger, Conversion or Consolidation of Collateral Trustee 27 ARTICLE VII MISCELLANEOUS PROVISIONS 27 Section 7.1 Amendment 27 Section 7.2 Voting 29 Section 7.3 Further Assurances 29 Section 7.4 Successors and Assigns 29 Section 7.5 Delay and Waiver 30 Section 7.6 Notices 30 Section 7.7 Notice Following Discharge of Secured Obligations 31 Section 7.8 Entire Agreement 31 Section 7.9 Compensation; Expenses 31 Section 7.10 Indemnity 32 Section 7.11 Severability 33 Section 7.12 Section Headings 33 Section 7.13 Obligations Secured 33 Section 7.14 Governing Law 33 Section 7.15 Consent to Jurisdiction; Service of Process 33 Section 7.16 WAIVER OF JURY TRIAL 34 Section 7.17 Counterparts 34 Section 7.18 Additional Grantors 34 Section 7.19 Continuing Nature of this Agreement 34 Section 7.20 Insolvency 34 Section 7.21 Rights and Immunities of Secured Debt Representatives 35 Section 7.22 Modification of Secured Debt Documents 35 Section 7.23 Confidentiality 35 Section 7.24 Jurisdiction Specific Provisions 36 EXHIBIT A – Form of Additional Secured Debt Designation EXHIBIT B – Form of Collateral Trust Agreement Joinder—Additional Secured Debt EXHIBIT C – Form of Collateral Trust Agreement Joinder—Additional Grantors COLLATERAL TRUST AGREEMENT, (as amended, restated, supplemented, amended and restated or otherwise modified from time to time, this “Agreement”) dated as of June 16, 2020 among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814) (the “Parent”), Endo Designated Activity Company, a company incorporated under the laws of Ireland (Registered Number 534651) (“Endo DAC”), Endo Xxxxx Inc., a Delaware limited liability corporation (“Endo Xxxxx”), Endo Finance LLC, a Delaware limited liability company (collectively with Endo DAC and Endo Xxxxx, the “Issuers”), the other Grantors from time to time party hereto, the Indenture Trustee (as defined below) and Wilmington Trust, National Association, as collateral trustee (in such capacity and together with its successors in such capacity, the “Collateral Trustee”);

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 22 Section 3.1 Appointment and 3.1. Undertaking of the Collateral Trustee 13 22 Section 3.2 3.2. Release or Subordination of Liens 14 23 Section 3.3 3.3. Enforcement of Liens 15 24 Section 3.4 3.4. Application of Proceeds 15 25 Section 3.5 3.5. Powers of the Collateral Trustee 17 26 Section 3.6 3.6. Documents and Communications 17 26 Section 3.7 3.7. For Sole and Exclusive Benefit of the Secured Parties 17 Holders of Priority Lien Obligations 26 Section 3.8 3.8. Additional Secured Priority Lien Debt 17 27 Section 3.9 Hedging Obligations 19 ARTICLE IV 3.9. Additional Junior Lien Debt 28 Article 4. OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 COMPANY AND THE OTHER GUARANTORS 28 Section 4.1 4.1. Release of Liens on Collateral 20 28 Section 4.2 4.2. Delivery of Copies to Secured Debt Priority Lien Representatives 21 30 Section 4.3 Preparing4.3. Collateral Trustee not Required to Serve, Filing File, Register or Recording Record 30 Section 4.4. Release Documentation 22 Section 4.4 Satisfaction of Obligations Liens in Respect of any Series of Secured Debt 22 ARTICLE V First Lien Notes 30 Article 5. IMMUNITIES OF THE COLLATERAL TRUSTEE 23 30 Section 5.1 5.1. No Implied Duty 23 30 Section 5.2 5.2. Appointment of Agents and Advisors 23 31 Section 5.3 5.3. Other Agreements 23 31 Section 5.4 5.4. Solicitation of Instructions 24 31 Section 5.5 5.5. Limitation of Liability 24 31 Section 5.6 5.6. Documents in Satisfactory Form 25 31 Section 5.7 5.7. Entitled to Rely 25 31 Section 5.8 Secured 5.8. Priority Lien Debt Default 26 32 Section 5.9 5.9. Actions by Collateral Trustee 26 32 Section 5.10 5.10. Security or Indemnity in favor Favor of the Collateral Trustee 26 32 Section 5.11 5.11. Rights of the Collateral Trustee 26 32 Section 5.12 5.12. Limitations on Duty of Collateral Trustee in Respect of Collateral 27 33 Section 5.13 5.13. Assumption of Rights, Not Assumption of Duties 28 33 Section 5.14 5.14. No Liability for Clean-Clean Up of Hazardous Materials 28 34 Section 5.15 5.15. No Obligation to Act 34 Article 6. RESIGNATION, REMOVAL AND REPLACEMENT OF THE COLLATERAL TRUSTEE Section 6.1. Resignation or Removal of Required Collateral Trustee 34 Section 6.2. Appointment of Successor Collateral Trustee 34 Section 6.3. Succession 35 Section 6.4. Merger, Conversion or Consolidation of Collateral Trustee 35 Article 7. MISCELLANEOUS PROVISIONS 36 Section 7.1. Amendment 36 Section 7.2. Voting 39 Section 7.3. Further Assurances; Insurance; Real Estate. 39 Section 7.4. RESERVED 42 Section 7.5. Successors and Assigns 42 Section 7.6. Delay and Waiver 42 Section 7.7. Notices 43 Section 7.8. Notice Following Discharge of Priority Lien Obligations 43 Section 7.9. Entire Agreement 44 Section 7.10. Compensation; Expenses 44 Section 7.11. Indemnity 45 Section 7.12. Severability 45 Section 7.13. Headings 45 Section 7.14. Obligations Secured Party45 Section 7.15. Governing Law 45 Section 7.16. Consent to Jurisdiction 46 Section 7.17. Waiver of Jury Trial 46 Section 7.18. Counterparts 46 Section 7.19. Effectiveness 47 Section 7.20. Additional Guarantors 47 Section 7.21. Continuing Nature of this Agreement 47 Section 7.22. Insolvency 47 Section 7.23. Rights and Immunities of Priority Lien Representatives 47 Section 7.24. Patriot Act 47 Section 7.25. Force Majeure 48 EXHIBIT A - Additional Priority Lien Debt Designation EXHIBIT B - Form of Collateral Trust Joinder-Additional Priority Lien Debt EXHIBIT C - Form of Collateral Trust Joinder-Additional Guarantors SCHEDULE 1 - Mortgaged Properties This Collateral Trust Agreement (this “Agreement”) is dated as of April 17, etc. 282017 and is by and among Unisxx Xxxxxxxxxxx, x Delaware corporation (the “Company”), the Guarantors from time to time party hereto, Wellx Xxxgo Bank, National Association, as First Lien Trustee (as defined below), the other Priority Lien Representatives from time to time party hereto, and Wellx Xxxgo Bank, National Association, as Collateral Trustee (in such capacity and together with its successors in such capacity, the “Collateral Trustee”).

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 13 Section 3.1 Appointment and Undertaking of the Collateral Trustee 13 Section 3.2 Release or Subordination of Liens 14 15 Section 3.3 Enforcement of Liens 15 Section 3.4 Application of Proceeds 15 Section 3.5 Powers of the Collateral Trustee 17 Section 3.6 Documents and Communications 17 18 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 17 18 Section 3.8 Additional Secured Debt 17 18 Section 3.9 Hedging Obligations 19 20 ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS 20 Section 4.1 Release of Liens on Collateral 20 Section 4.2 Delivery of Copies to Secured Debt Representatives 21 22 Section 4.3 Preparing, Filing or Recording Release Documentation 22 Section 4.4 Satisfaction of Obligations in Respect of any Series of Secured Debt 22 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE 23 Section 5.1 No Implied Duty 23 Section 5.2 Appointment of Agents and Advisors 23 Section 5.3 Other Agreements 23 24 Section 5.4 Solicitation of Instructions 24 Section 5.5 Limitation of Liability 24 Section 5.6 Documents in Satisfactory Form 25 Section 5.7 Entitled to Rely 25 Section 5.8 Secured Debt Default 26 25 Section 5.9 Actions by Collateral Trustee 26 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 26 Section 5.11 Rights of the Collateral Trustee 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 27 26 Section 5.13 Assumption of Rights, Not Assumption of Duties 28 Section 5.14 No Liability for Clean-Up of Hazardous Materials 28 Section 5.15 Act of Required Secured Party, etc. 2827