Perrigo International Holdings II, Inc. and Perrigo New York, Inc.
Perrigo International Holdings II, Inc. and Perrigo New York, Inc. (the Delaware Corporation Registrants) are corporations
organized under the laws of the state of Delaware. Section 145 of the Delaware General Corporation Law permits a corporation, under specified circumstances, to indemnify its directors, officers, employees or agents against expenses (including
attorneys fees), judgments, fines and amounts paid in settlements actually and reasonably incurred by them in connection with any action, suit or proceeding brought by third parties by reason of the fact that they were or are directors,
officers, employees or agents of the corporation, if such directors, officers, employees or agents acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any
criminal action or proceeding, had no reason to believe their conduct was unlawful. In a derivative action, i.e., one by or in the right of the corporation, indemnification may be made only for expenses actually and reasonably incurred by directors,
officers, employees or agents in connection with the defense or settlement of an action or suit, and only with respect to a matter as to which they shall have acted in good faith and in a manner they reasonably believed to be in or not opposed to
the best interests of the corporation, except that no indemnification shall be made if such person shall have been adjudged liable to the corporation, unless and only to the extent that the court in which the action or suit was brought shall
determine upon application that the defendant directors, officers, employees or agents are fairly and reasonably entitled to indemnity for such expenses despite such adjudication of liability.
Section 102(b)(7) of the Delaware General Corporation Law provides that a certificate of incorporation may contain a provision
eliminating or limiting the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director provided that such provision shall not eliminate or limit the liability of a
director:
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for any breach of the directors duty of loyalty to the corporation or its stockholders,
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for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law,
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under Section 174 (relating to liability for unauthorized acquisitions or redemptions of, or dividends on,
capital stock) of the Delaware General Corporation Law, or |
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for any transaction from which the director derived an improper personal benefit. |
The certificates of incorporation of the Delaware Corporation Registrants provide that the Delaware Corporation Registrants shall, to the
fullest extent permitted by Delaware General Corporation Law, indemnify all persons whom the Delaware Corporation Registrants may indemnify under Delaware law and contain provisions permitted by Section 102(b)(7) of the Delaware General
Corporation Law.
Athena Neurosciences, LLC, Elan Pharmaceuticals, LLC, PBM Canada Holdings, LLC, PBM Nutritionals, LLC, PBM Products,
LLC, Perrigo Diabetes Care, LLC, Perrigo International Holdings, LLC, Perrigo Investments, LLC, Perrigo Mexico Investment Holdings, LLC, Ranir Global Holdings, LLC and Ranir, LLC
Athena Neurosciences, LLC, Elan Pharmaceuticals, LLC, PBM Canada Holdings, LLC, PBM Nutritionals, LLC, PBM Products, LLC, Perrigo Diabetes
Care, LLC, Perrigo International Holdings, LLC, Perrigo Investments, LLC, Perrigo Mexico Investment Holdings, LLC, Ranir Global Holdings, LLC and Ranir, LLC (the Delaware LLC Registrants) are limited liability companies organized under
the laws of the state of Delaware. Subject to the standards and restrictions as are set forth in the limited liability company agreements of each of the Delaware LLC Registrants, the Delaware Limited Liability Company Act empowers a Delaware limited
liability company to indemnify and hold harmless any member or manager or other persons from and against any and all claims and demands whatsoever.
The limited liability company agreements of each of the Delaware LLC Registrants provide that the Delaware LLC Registrants shall indemnify and
hold harmless its members, their affiliates and subsidiaries, and
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