AMENDED AND RESTATED AKORN, INC. 2003 STOCK OPTION PLAN (Amended and Restated Effective as of April 1, 2005) Prepared by: Luce, Forward, Hamilton & Scripps LLP 600 West Broadway, Suite 2600 San Diego, CA 92101 (619) 236-1414Akorn Inc • March 31st, 2005 • Pharmaceutical preparations • Illinois
Company FiledMarch 31st, 2005 Industry JurisdictionThe purpose of this Amended and Restated Akorn, Inc. 2003 Stock Option Plan is to promote the interests of Akorn, Inc. and its shareholders by: (i) attracting and retaining exceptional Directors, Employees and Consultants (including prospective Directors, Employees and Consultants) of the Corporation, and (ii) enabling such individuals to participate in the long-term growth and financial success of the Corporation.