February 13, 2007 James L. Fares 3260 Whipple Road Union City, California 94587 RE: Amendment to Change-in-Control Agreement Dear Mr. Fares:Change-in-Control Agreement • February 15th, 2007 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations • California
This letter (this “Amendment”) amends that certain Change-in-Control Agreement (the “Original Agreement”) entered into by and between you and Questcor Pharmaceuticals, Inc., a California corporation (“Questcor”) in connection with your commencement of employment at Questcor. Unless otherwise modified by this Amendment, the Original Agreement remains in full force and effect.
February 13, 2007 Steven Halladay 3260 Whipple Road Union City, California 94587 RE: Amendment to Change-in-Control Agreement Dear Mr. Halladay:Change-in-Control Agreement • February 15th, 2007 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations • California
This letter (this “Amendment”) amends that certain Change-in-Control Agreement (the “Original Agreement”) entered into by and between you and Questcor Pharmaceuticals, Inc., a California corporation (“Questcor”) in connection with your commencement of employment at Questcor. Unless otherwise modified by this Amendment, the Original Agreement remains in full force and effect.
February 13, 2007 David J. Medeiros 3260 Whipple Road Union City, California 94587 RE: Change-in-Control Agreement Dear Mr. Medeiros:Change-in-Control Agreement • February 15th, 2007 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations • California
This letter agreement (this “Agreement”) is entered into as of February 13, 2007, between you and Questcor Pharmaceuticals, Inc., a California corporation (“Questcor”). Questcor considers it essential to the best interests of its shareholders to foster the continuous employment of key management personnel. In connection with this, Questcor’s Board of Directors (the “Board”) recognizes that, as is the case with many publicly held corporations, the possibility of a change in control of Questcor may exist and that the uncertainty and questions that it may raise among management could result in the departure or distraction of management personnel to the detriment of Questcor and its shareholders.
