Exhibit 10.32

THIRD AMENDMENT TO

AMPAC FINE CHEMICALS LLC PENSION PLAN

FOR BARGAINING UNIT EMPLOYEES

The Ampac Fine Chemicals LLC Pension Plan for Bargaining Unit Employees is
hereby amended as follows:

Appendix A is amended to read as follows effective June 16, 2013:

APPENDIX A

 

EMPLOYEE UNIT:    Ampac Fine Chemicals LLC    Sacramento, California   
International Association of Machinists &    Aerospace Workers, Local #946

BENEFIT FACTOR:

 

Date of Last Employment

in Employee Unit

   Benefit Factor  

On or after December 1, 2005

And before June 15, 2007

   $ 53.00   

On or after June 15, 2007

And before June 15, 2011

   $ 58.00   

On or after June 15, 2011

And before June 15, 2012

   $ 61.00   

On or after June 15, 2012

And before June 16, 2013

   $ 63.00   

On or after June 16, 2013

   $ 66.00   

IN WITNESS WHEREOF, American Pacific Corporation has caused this instrument to
be executed this 1st day of July, 2013.

 

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    American Pacific Corporation ATTEST: (SEAL)     By:   /s/ JOSEPH CARLEONE  
         

 

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