AMENDMENT TO EMPLOYMENT AGREEMENT dated as of September 6, 1995 ("Amendment"),
between ICN PHARMACEUTICALS, INC., a Delaware corporation (which, together with its subsidiaries and
predecessors is referred to herein as "ICN" or the "Company"), and Milan Panic ("PANIC").
WHEREAS, PANIC founded ICN in 1960, has served as the President and Chief Executive Officer of ICN
since that time, and has directed the growth of ICN;
WHEREAS, ICN and PANIC heretofore entered into an Employment Contract dated March 15, 1967, a
subsequent Employment Agreement dated as of June 1, 1970, an amendment thereto approved by the Board of
Directors of ICN on March 27, 1974 and a further amendment thereto approved by the Board of Directors of
ICN on February 9, 1976, and an Employment Agreement dated as of November 30, 1982, which was due to
terminate on November 30, 1986 but which was extended by action of the Board of Directors until June 30,
1989 or such earlier time as a replacement agreement was entered into (collectively, the "Prior Agreements");
WHEREAS, ICN and PANIC have heretofore entered into an Employment Agreement dated as of October 1,
1988, as amended by a Leave of Absence and Reemployment Agreement dated as of July 25, 1992
(collectively, the "Current Agreement");
WHEREAS, the Current Agreement was due to terminate November 30, 1994, pursuant to the terms thereof,
but has been extended by action of the Board of Directors until September 30, 1995 or such earlier time as this
Amendment is entered into; and
WHEREAS, ICN and PANIC have agreed that it is to their mutual benefit to enter into this Amendment;
NOW, THEREFORE, for consideration, the value, sufficiency and receipt of which are hereby acknowledged,
ICN and PANIC agree as follows:
1.EXTENSION AND AMENDMENT OF TERM OF CURRENT AGREEMENT.
Paragraph 1 of the Current Agreement, entitled "TERM OF EMPLOYMENT," is amended in its entirety to read
"1. TERM OF EMPLOYMENT.
ICN shall emp