X0306 4 2019-09-30 0 0001445274 VALERITAS INC VLRX 0001702352 CR Group L.P. 1000 MAIN ST. SUITE 2500 HOUSTON TX 77002 0 0 1 0 0001528226 CAPITAL ROYALTY PARTNERS II L.P. 1000 MAIN ST. SUITE 2500 HOUSTON TX 77002 0 0 1 0 0001528224 CAPITAL ROYALTY PARTNERS II (CAYMAN) L.P. 1000 MAIN ST. SUITE 2500 HOUSTON TX 77002 0 0 1 0 0001528225 CAPITAL ROYALTY PARTNERS II - PARALLEL FUND (A) L.P. 1000 MAIN ST. SUITE 2500 HOUSTON TX 77002 0 0 1 0 0001568245 PARALLEL INVESTMENT OPPORTUNITIES PARTNERS II, L.P. 1000 MAIN ST. SUITE 2500 HOUSTON TX 77002 0 0 1 0 0001702221 Capital Royalty Partners II Parallel Fund B (Cayman) L.P. 1000 MAIN ST. SUITE 2500 HOUSTON TX 77002 0 0 1 0 Series B Convertible Preferred Stock 2019-09-30 4 P 0 1704890 A Common Stock 1704890 1704890 I By Capital Royalty Partners II L.P. Series B Convertible Preferred Stock 2019-09-30 4 P 0 1908922 A Common Stock 1908922 1908922 I By Capital Royalty Partners II ? Parallel Fund ?A? L.P. Series B Convertible Preferred Stock 2019-09-30 4 P 0 3116675 A Common Stock 3116675 3116675 I By Parallel Investment Opportunity Partners II L.P. Series B Convertible Preferred Stock 2019-09-30 4 P 0 8242606 A Common Stock 8242606 8242606 I By Capital Royalty Partners II ? Parallel Fund ?B? (Cayman) L.P. Series B Convertible Preferred Stock 2019-09-30 4 P 0 602493 A Common Stock 602493 602493 I By Capital Royalty Partners II (Cayman) L.P. The shares of Series B Convertible Preferred Stock (the "Series B") were received in exchange for an aggregate $22.7 million of indebtedness held by the Funds (as defined below). Each share of Series B is immediately convertible into one share of the Issuer's common stock at any time at the election of the holder. The Series B has no expiration date. CR Group L.P. ("CRG") serves as the investment manager for Capital Royalty Partners II L.P., Capital Royalty Partners II (Cayman) L.P., Capital Royalty Partners II Parallel Fund "A" L.P., Capital Royalty Partners II Parallel Fund "B" (Cayman) L.P. and Parallel Investment Opportunities Partners II, L.P. (collectively, the "Funds"). /s/ Andrei Dorenbaum, authorized signatory for CR Group L.P. and each of the Funds 2019-10-02