Management Change/Compensation Form 8 K

Extension of Term of Interim Chief Executive Officer

As previously disclosed, effective August 29, 2024, the Board of Directors (the "Board") of Endo, Inc. (the "Company") appointed Scott Hirsch to serve as the Company's interim Chief Executive Officer ("Interim CEO"). In connection therewith, the Company and Mr. Hirsch entered into an employment letter dated August 26, 2024 (the "Interim CEO Letter") memorializing the terms of Mr. Hirsch's service as Interim CEO, pursuant to which Mr. Hirsch would serve as Interim CEO until the earlier of December 31, 2024 and the time at which a permanent Chief Executive Officer commences employment with the Company; providedthat Mr. Hirsch's employment could be extended subject to mutual agreement by the parties.

The Board and Mr. Hirsch have executed a letter (the "Amendment") amending the Interim CEO Letter to reflect the following terms. The Company and Mr. Hirsch mutually agreed to extend Mr. Hirsch's employment as the Company's Interim CEO until August 15, 2025 (the "Termination Date"); provided that in the event a permanent Chief Executive Officer commences employment with the Company prior to the Termination Date, Mr. Hirsch will serve as "Advisor to the Chief Executive Officer" until the Termination Date. The Amendment further provides that in the event Mr. Hirsch's employment is terminated by the Company prior to the Termination Date without "cause", or if Mr. Hirsch resigns his employment to begin a role at another company after a permanent Chief Executive Officer commences employment with the Company but prior to the Termination Date, then Mr. Hirsch will receive a lump sum payment equal to the amount of base compensation that he would have received after the date that his employment ceases had he remained employed through the Termination Date, conditioned upon his execution of a release of claims. In addition, Mr. Hirsch's base compensation was increased under the Amendment to the rate of $750,000 per month, effective January 1, 2025 and continuing through the Termination Date. Consistent with the terms of the Interim CEO Letter, Mr. Hirsch remains ineligible to participate in any cash-based or equity-based incentive plans or programs applicable to the Company's senior officers or other employees generally. The Interim CEO Letter shall remain in effect in accordance with its terms with the modifications set forth in the Amendment. The foregoing summary is qualified in its entirety by the Amendment, a copy of which is filed as an exhibit to this Current Report on Form 8-K.