0001104659-16-119447 Sample Contracts

AKORN, INC. 2014 STOCK OPTION PLAN FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

Non-Qualified Stock Option Agreement • May 10th, 2016 • Akorn Inc • Pharmaceutical preparations • Illinois

• Contract Type
  Non-Qualified Stock Option Agreement
• Filed
  May 10th, 2016
• Company
  Akorn Inc
• Industry
  Pharmaceutical preparations
• Jurisdiction
  Illinois

THIS Non-Qualified Stock Option Agreement (“Award Agreement”) is made and effective as of [OPTION DATE] (“Date of Grant”) between Akorn, Inc. (the “Corporation”) and [FIRST NAME —LAST NAME] (the “Participant”) pursuant and subject to the provisions of the Akorn, Inc. 2014 Stock Option Plan (the “Plan”). This Award Agreement is not intended to qualify as a grant of Incentive Stock Options within the meaning of Code § 422. Unless otherwise defined herein, all terms used in this Award Agreement that are defined in the Plan shall have the meaning as defined in the Plan.

AKORN, INC. 2014 STOCK OPTION PLAN FORM OF INCENTIVE STOCK OPTION AGREEMENT

Incentive Stock Option Agreement • May 10th, 2016 • Akorn Inc • Pharmaceutical preparations • Illinois

• Contract Type
  Incentive Stock Option Agreement
• Filed
  May 10th, 2016
• Company
  Akorn Inc
• Industry
  Pharmaceutical preparations
• Jurisdiction
  Illinois

THIS Incentive Stock Option Agreement (“Award Agreement”) is made and effective as of [OPTION DATE] (“Date of Grant”) between Akorn, Inc. (the “Corporation”) and [FIRST NAME — LAST NAME] (the “Participant”) pursuant and subject to the provisions of the Akorn, Inc. 2014 Stock Option Plan (the “Plan”). This Award Agreement is intended to qualify as a grant of Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Unless otherwise defined herein, all terms used in this Award Agreement that are defined in the Plan shall have the meaning as defined in the Plan.

AKORN, INC. 2014 STOCK OPTION PLAN Form Of Restricted Stock Unit Award Agreement

Restricted Stock Unit Award Agreement • May 10th, 2016 • Akorn Inc • Pharmaceutical preparations • Illinois

• Contract Type
  Restricted Stock Unit Award Agreement
• Filed
  May 10th, 2016
• Company
  Akorn Inc
• Industry
  Pharmaceutical preparations
• Jurisdiction
  Illinois

This Restricted Stock Unit Award Agreement (the “Award Agreement”) is made and effective as of [OPTION DATE] (the “Date of Grant”) between Akorn, Inc. (the “Corporation”) and [FIRST NAME — LAST NAME] (the “Participant”), pursuant and subject to the provisions of the Akorn, Inc. 2014 Stock Option Plan (the “Plan”). Unless otherwise defined herein, all terms used in this Award Agreement that are defined in the Plan shall have the meanings set forth in the Plan.