Audit Committee

The purpose of Endo Audit Committee is to provide assistance to the Board in fulfilling its (1) legal and fiduciary obligations with respect to matters involving the accounting, auditing, financial reporting, internal control and legal compliance functions of the Company and its subsidiaries and (2) oversight responsibility relating to: (i) the integrity of the Company's financial statements; (ii) the effectiveness of the Company's internal control over financial reporting; (iii) the effectiveness of the Company's disclosure controls and procedures; (iv) the Company's efforts at compliance with legal and regulatory requirements; (v) the independent registered public accounting firm's qualifications and independence; and (vi) the performance of the Company's internal audit function and independent registered public accounting firm. Each member of the Audit Committee is financially literate and at least one has been determined to be a financial expert.

From January 1, 2013 to December 31, 2013, the Audit Committee met nineteen times.