EXHIBIT 10.2
 FIRST AMENDMENT TO
AMPAC FINE CHEMICALS LLC PENSION PLAN
FOR SALARIED EMPLOYEES
  1.
    
    Section 3.1(b) is amended to read as follows effective October 1, 2008:
    2.
    
    Section 3.25 is amended to add the following language to the end thereof effective June 30,
2010:




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(a)
    
    after June 30, 2010 and(b)
    
    more than 60 days after the original termination of employment or, in the
case of a reduction in force, elimination of the Participants position or layoff and
recall as defined in the Ampac Fine Chemicals LLC Policies and Procedures, more than
one year after the date of layoff or termination
  3.
    
    Article IV is amended to add the following language to the end thereof effective June 30,
2010:
  (a)
    
    after June 30, 2010 and(b)
    
    more than 60 days after the original termination of employment or, in the
case of a reduction in force, elimination of the Participants position or layoff and
recall as defined in the Ampac Fine Chemicals LLC Policies and Procedures, more than
one year after the date of layoff or termination.
  Page 2 of Exhibit 10.2




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4.
    
    Section 7.1 is amended to add the following language to the end thereof effective June 30,
2010:
  (a)
    
    after June 30, 2010 and(b)
    
    more than 60 days after the original termination of employment or, in the
case of a reduction in force, elimination of the Participants position or layoff and
recall as defined in the Ampac Fine Chemicals LLC Policies and Procedures, more than
one year after the date of layoff or termination
  5.
    
    Section 7.2 is amended to add the following language to the end thereof effective June 30,
2010:
  (a)
    
    after June 30, 2010 and(b)
    
    more than 60 days after the original termination of employment or, in the
case of a reduction in force, elimination of the Participants position or layoff
 Page 3 of Exhibit 10.2




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and recall as defined in the Ampac Fine Chemicals LLC Policies and Procedures, more
than one year after the date of layoff or termination
  6.
    
    Section 7.3 is amended to add the following language to the end thereof effective June 30,
2010:
  (a)
    
    after June 30, 2010 and(b)
    
    more than 60 days after the original termination of employment or, in the
case of a reduction in force, elimination of the Participants position or layoff and
recall as defined in the Ampac Fine Chemicals LLC Policies and Procedures, more than
one year after the date of layoff or termination
  7.
    
    Section 8.1 is amended to add the following language to the end thereof effective June 30,
2010:
 Page 4 of Exhibit 10.2




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(a)
    
    after June 30, 2010 and(b)
    
    more than 60 days after the original termination of employment or, in the
case of a reduction in force, elimination of the Participants position or layoff and
recall as defined in the Ampac Fine Chemicals LLC Policies and Procedures, more than
one year after the date of layoff or termination.
 8.
    
    The first paragraph of Section 10.3 is amended to read as follows effective October 1, 2007:At least thirty (30) and no more than ninety (90) days before the date with respect to
which a Participants benefit under this Plan commences to be paid in the form of a joint
and survivor annuity described in Section 10.1(a), such Participant shall be furnished, in
writing, (a) a general description of such joint and survivor annuity, (b) a general
description of the circumstances in which it will be provided, (c) notice of the
Participants right, prior to the commencement of benefits, to make an election to receive
his benefits in an optional form described in Section 10.2 (and the right to revoke such
election, together with an explanation of the effect of such revocation), (d) a general
description of the relative financial effect on a Participants benefits of an election to
receive benefits in a form other than the joint and survivor annuity provided in Section
10.1(a), and (e) a general description of the rights of the Participants Spouse
 Page 5 of Exhibit 10.2




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under applicable provisions of the Internal Revenue Code pertaining to a Qualified
Election. At the same time the Participant also shall be furnished, or be advised of the
availability of, a written explanation of the terms and conditions of the joint and
survivor annuity described in Section 10.1(a), the financial effect upon the particular
Participants annuity of making an election to receive benefits in an optional form, and
the consequences of failing to defer a receipt of a distribution.
 9.
    
    Section 10.7 is amended to read as follows effective January 1, 2007:
 10.7 Direct Rollovers .
  Definitions
  Page 6 of Exhibit 10.2




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Page 7 of Exhibit 10.2




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Page 8 of Exhibit 10.2




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10.
    
    Article XVIII is amended to read as follows effective October 1, 2007:
 AMENDMENT
       Page 9 of Exhibit 10.2




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Page 10 of Exhibit 10.2




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11.
    
    Section 20.15 is amended to add the following language to the end thereof effective
January 1, 2007:Effective for deaths on and after January 1, 2007, for purposes of determining Vesting
Service or any other additional benefit (other than service used to determine the
Participants Accrued Benefit) provided under the Plan, a Participant who dies while
performing qualified military service (as defined in Code section 414(u)) shall be deemed
to have resumed employment with the Employer on the day immediately preceding his death and
to have terminated employment on account of his death.11.
    
    A new Article XXIV is added to read as follows effective October 1, 2008:
 Page 11 of Exhibit 10.2




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LIMITATIONS BASED ON FUNDED STATUS
 24.1 Limitations Based on Funded Status of the Plan.
      Page 12 of Exhibit 10.2




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Page 13 of Exhibit 10.2




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24.2 Limitations on Unpredictable Contingent Event Benefit
  Page 14 of Exhibit 10.2




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28th June 2010
 American Pacific CorporationATTEST: (SEAL)
    
    By:
    
    /s/ JOSEPH CARLEONE
 Page 15 of Exhibit 10.2