Common Contracts

AKORN, INC. COMMON STOCK PURCHASE WARRANT To Purchase 1,501,933 Shares of Common Stock

Common Stock Purchase • April 21st, 2009 • Akorn Inc • Pharmaceutical preparations

• Contract Type
  Common Stock Purchase
• Filed
  April 21st, 2009
• Company
  Akorn Inc
• Industry
  Pharmaceutical preparations

THIS COMMON STOCK PURCHASE WARRANT (this “Warrant”) certifies that, for value received, JOHN N KAPOOR TRUST DATED 9/20/89 (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after April 15, 2009 (the “Initial Exercise Date”) and on or prior to the close of business on the fifth (5th) anniversary following the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Akorn, Inc., a Louisiana corporation (the “Company”), up to One Million Five Hundred One Thousand Nine Hundred Thirty-Three (1,501,933) shares, subject to adjustment as set forth herein (the “Warrant Shares”) of Common Stock, no par value per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall be $1.11 per share, subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for

AKORN, INC. COMMON STOCK PURCHASE WARRANT To Purchase 1,939,639 Shares of Common Stock

Common Stock Purchase • April 17th, 2009 • Akorn Inc • Pharmaceutical preparations

• Contract Type
  Common Stock Purchase
• Filed
  April 17th, 2009
• Company
  Akorn Inc
• Industry
  Pharmaceutical preparations

THIS COMMON STOCK PURCHASE WARRANT (this “Warrant”) certifies that, for value received, EJ FUNDS LP, a Delaware limited partnership (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after April 13, 2009 (the “Initial Exercise Date”) and on or prior to the close of business on the fifth (5th) anniversary following the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Akorn, Inc., a Louisiana corporation (the “Company”), up to One Million Nine Hundred Thirty Nine Thousand Six Hundred Thirty-Nine (1,939,639) shares, subject to adjustment as set forth herein (the “Warrant Shares”) of Common Stock, no par value per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall be $1.11 per share, subject to adjustment hereunder. The Exercise Price and the number of War