AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF PS FUND 1, LLC Dated as of April 3, 2014Limited Liability Company Agreement • April 21st, 2014 • Valeant Pharmaceuticals International, Inc. • Pharmaceutical preparations • Delaware
This Amended and Restated Limited Liability Company Agreement (this “Agreement”) of PS Fund 1, LLC (the “Company”) is made and entered into as of the date set forth above by and among Pershing Square Capital Management, L.P., a Delaware limited partnership, as non-member manager (the “Manager”), Valeant Pharmaceuticals International, a Delaware corporation (the “Valeant Member”), Pershing Square, L.P., a Delaware limited partnership, Pershing Square II, L.P., a Delaware limited partnership, Pershing Square International, Ltd., a Cayman Islands exempted company, Pershing Square Holdings, Ltd., a Guernsey limited liability company, and each such natural person, partnership, limited liability company, corporation, unincorporated association, joint venture, trust, state or any other entity or any governmental agency or political subdivision thereof (“Person”) as may be admitted to the Company as a non-managing member (each (excluding the Manager), a “Member”) and shall hereafter govern the
