Item 1.01. Entry into a Material Definitive Agreement.
Effective October 17, 2012, Apax Quartz (Cayman) L.P. (Apax), Endo
Pharmaceuticals Inc. (Endo), Endo Health Solutions Inc. (f/k/a Endo
Pharmaceutical Holdings Inc.), and Generics International (US Parent) Inc.
entered into an amendment to the Stock Purchase Agreement among the parties,
dated September 28, 2010 (the Stock Purchase Agreement), whereby the parties
agreed that within five business days of the execution of such amendment, 1)
$52.0 million would be released to Apax from the Indemnity Escrow Fund (as
defined in the Stock Purchase Agreement) established in connection with the
Stock Purchase Agreement and 2) approximately $2.5 million would be released
from the Indemnity Escrow Fund to Endo. Accordingly, following the release of
these amounts, the total value of the Indemnity Escrow Fund will be reduced by
$54.5 million and will equal $45.5 million.
The foregoing description of the amendment does not purport to be complete and
is qualified in its entirety to the full text of the amendment, which will be
filed with the exhibits to the Company's quarterly report on Form 10-Q for the
period ended September 30, 2012.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable.
(d) Exhibits.
None.