GUARANTY AND SECURITY AGREEMENT Dated as of May 27, 2009 among AKORN, INC., AKORN (NEW JERSEY), INC. and Each Other Grantor From Time to Time Party Hereto and John N. Kapoor Trust dated September 20, 1989Guaranty and Security Agreement • June 2nd, 2009 • Akorn Inc • Pharmaceutical preparations • New York
GUARANTY AND SECURITY AGREEMENT, dated as of May 27, 2009, by Akorn, Inc., a Louisiana corporation (“Akorn”), Akorn (New Jersey), Inc., an Illinois corporation (“Akorn NJ” and, together with Akorn, the “Borrowers”) and each of the other entities listed on the signature pages hereof or that becomes a party hereto pursuant to Section 8.6 (together with the Borrowers, the “Grantors”), in favor of the John N. Kapoor Trust dated September 20, 1989 (together with its successors and assigns, “Subordinated Lender”).
