On January 7, 2019, Akorn, Inc. and Bruce Kutinsky entered into a letter agreement (‘Letter Agreement”) agreeing that Mr. Kutinsky will no longer serve as Chief Operating Officer of the Company effective December 31, 2018. will serve in a consulting role to the Company and will be reasonably available to the President and CEO and to the Akorn Management team to provide transition and consulting related support from January 1, 2019 through March 31, 2019 and further to provide support to the Akorn Legal Department through December 31, 2019 pursuant to a separate consulting or other agreement.