Exhibit (d)(iv)(c)
SUBSCRIPTION AGREEMENT
This Subscription Agreement (this Agreement) is entered into as of June 6, 2023 by and among Resistance TopCo L.P., a
Delaware limited partnership (Topco LP), Paratek Pharmaceuticals, Inc., a Delaware corporation (the Company), and the individual listed on the Schedule A attached hereto
(Subscriber). Any capitalized term used herein without definition shall have the meaning ascribed to it in the Merger Agreement (as defined below).
WHEREAS, Subscriber (i) is employed by the Company, (ii) is party to that certain [Employment Agreement with the Company, dated as
of ____, as amended on ____, 2023] (as may be amended or restated from time to time, the Employment Agreement), (iii) has been granted an award (the RPIP Award) under, and is a participant in, the Companys
Revenue Performance Incentive Plan (the RPIP) pursuant to an Award Agreement, with a grant date of _______ (as may be amended or restated from time to time, the RPIP Award Agreement), and (iv) holds Company
Equity Awards;
WHEREAS, concurrently with the execution of this Agreement, Resistance Acquisition, Inc., a Delaware corporation
(Parent), Resistance Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (Merger Sub), and the Company, are entering into that certain Agreement and Plan of Merger (as amended, amended
and restated or otherwise modified from time to time, the Merger Agreement), dated as of even date herewith;
WHEREAS,
subject to the terms of the Merger Agreement, at the Effective Time, Merger Sub will be merged with and into the Company, with the Company surviving (the Merger), and the Company will thereupon be a direct wholly owned subsidiary
of Parent and an indirect wholly owned subsidiary of Topco LP;
WHEREAS, in connection with the Merger, Subscriber desires to subscribe
for a number of non-voting common units of Topco LP(the Class B Units) with a value per Class B Unit equal to the per-unit
purchase price of $1,000, on the terms and conditions set forth herein (the Subscription); and
WHEREAS, immediately
following the Closing, Topco LP, Subscriber and certain other Persons shall enter into an amended and restated agreement of limited partnership of Topco LP.
NOW, THEREFORE, in consideration of the foregoing premises, the mutual covenants herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.
Subscription.
(a) At the Subscription Closing (as defined below), Subscriber shall purchase from Topco LP, and Topco LP shall sell
and issue to Subscriber, a number of Class B Units (the New Topco Units) equal to (i) the dollar amount that equals the percentage of Subscribers gross, pre-tax payments
under the RPIP that become due in connection with the Closing (the Closing RPIP Payments) that is set forth opposite Subscribers name on Annex A (such amount, the Subscription Amount) divided by
(ii) the per-unit purchase price of $1,000, rounded to the nearest whole unit.
(b) For the
sake of efficiency and the administrative convenience of the parties, Subscriber hereby irrevocably directs that the Company withhold (or cause to be withheld) the Subscription Amount from any after-tax
amounts otherwise payable to Subscriber in connection with the Closing pursuant to the RPIP and remit such amount to Topco LP (on behalf of Subscriber) in satisfaction of Subscribers obligation to pay the Subscription Amount to Topco LP
pursuant to Section 1(a).