Document:

EX-10.41

 Exhibit 10.41 
  

 
 February 11, 2014  

Drax Power Limited 
 Drax Power Station 

Selby, North Yorkshire 
 YO8 8PH, United Kingdom 

Attn: Louise Neve 
  

	 	Re:	Agreement for the Sale and Purchase of Biomass dated May 1, 2013 

 Dear Ms. Neve: 

Reference is made to that certain Agreement for the Sale and Purchase of Biomass (the “Agreement”) dated May 1, 2013, by and between Drax
Power Limited (“DPL”) and RTK WP Canada, ULC (“RTK”), as amended by a letter agreement dated September 23, 2013 and under which Rentech, Inc. (the “Guarantor”) guaranteed certain obligations of
RTK by way of a Parent Company Guarantee dated May 1, 2013 (“the Guarantee”). 
 The provisions of this letter are legally binding
between Drax and RTK and the Guarantor. Unless otherwise defined, capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Agreement, and unless expressly amended in this letter, all terms of
the Agreement shall remain fully effective and shall have effect as though the provisions contained in this letter had been originally contained in the Agreement. 

The Parties hereby agree as follows: 
  

	 	1.	Paragraph 8 of the Commercial Terms shall be deleted and replaced with the following: 

 The Seller Plant
Development Schedule for the Wawa Plant and associated infrastructure at the Loading Port (and any subsequent updates) shall include the following key milestones (the “Seller Key Milestones”): 

 

	 	(a)	site acquisition for the Wawa Plant by 1 June 2013; 

  

	 	(b)	air permit received for the Wawa Plant by 1 April 2014 (Draft permit received February 2014); 

  

	 	(c)	completion of site preparation and civil works at the Wawa Plant by 1 June 2014; 

  

	 	(d)	completion of site preparation and civil works (including piling) at the Loading Port by 1 March 2014; 

  
 10877 Wilshire Boulevard,
Suite 600 • Los Angeles, CA 90024 • T: 310.571.9800 • F: 310.571.9799 
 www.rentechinc.com 

	 	(e)	pelletising equipment delivered on site by 1 April 2014; 

  

	 	(f)	completion of steelwork and major structures at the Wawa Plant by 31 July 2014; 

  

	 	(g)	completion of construction by 15 August 2014, commissioning by 1 September 2014 of the Wawa Plant and sign off and hand over by the equipment providers by 30 September 2014; and 

 

	 	(h)	completion of construction and commissioning of storage, conveying and loading facilities at the Loading Port by 1 September 2014. 

 

	 	2.	Clause 15.3.5(c) shall be deleted and replaced with the following: “any governmental authority or port authority preventing, impeding or prohibiting loading , except to the extent that such preventing, impeding or
prohibiting is attributable (whether directly or indirectly) to any non-compliance by the operator of the Loading Port or its employees or subcontactors with any condition of any required permits or applicable Law (a “Port Operator Permit
Breach”), in which case time shall continue to count.” 

  

	 	3.	Clause 15.3.5(g) shall be deleted and replaced with the following: “in the event of weather conditions which, in the reasonable opinion of either the Loading Port or the master, make loading unsafe and where the
Loading Port has to cease loading, whether the Vessel is in berth or not or in the Loading Port or not, except to the extent that such is attributable to a Port Operator Permit Breach, in which case time shall continue to count.”

  

	 	4.	A new Clause 15.3.11 shall be added which states as follows: 

 15.3.11 In the event the Seller
makes a valid claim pursuant to laytime exception 15.3.5(c), then: 
  

	 	(a)	in the first of such instances only, time will count at fifty percent (50%) and any excess costs suffered by the Buyer in connection with deadfreight, shall be split equally between the Buyer and the Seller; and

  

	 	(b)	in all subsequent instances, time shall not count as laytime unless the Vessel is already on Demurrage in which case time will count. 

The Guarantor consents to RTK entering into this letter. The Guarantor agrees that its Guarantee remains in full force and effect as to the Agreement as
amended by this letter. 

 This amendment and any non-contractual obligations arising out of or in connection with it are subject to the
Dispute Resolution and Governing Law and Jurisdiction provisions in clauses 35 and 36 of the Agreement. 
 This amendment may be executed in any number of
counterparts, and by any Party on separate counterparts, each of which as so executed and delivered shall be deemed an original, but all of which together shall constitute one and the same instrument, and it shall not be necessary in making proof of
this amendment as to any party hereto to produce or account for more than one such counterpart executed and delivered by such Party. Counterparts may be executed either in original, faxed or digital transmission form and the Parties adopt any
signatures received by a receiving fax machine or computer as original signatures of the Parties. 
  

									
		 		 		  	Very truly yours,
		 		 		  	RTK WP CANADA, ULC
					
		 		 		  	By:	 	 /s/ Sean Ebnet

		 		 		  	Name:	 	Sean Ebnet
		 		 		  	Title:	 	SVP
			
	Acknowledged and Agreed:	 		  	Acknowledged and Agreed:
			
	DRAX POWER LIMITED	 		  	RENTECH, INC.
					
	By:	 	 /s/ D. Keedy
	 		  	By:	 	 /s/ Sean Ebnet

	Name:	 	Deborah Keedy	 		  	Name:	 	Sean Ebnet
	Title:	 	Head of Biomass	 		  	Title:	 	SVPEX-10.19A

 Exhibit 10.19A 

BANC OF CALIFORNIA, INC. 

2013 OMNIBUS STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

RSU No.                      

Restricted Stock Units are hereby awarded pursuant to this Restricted Stock Unit Agreement (this “Agreement”) on
            , 20     (the “Grant Date”) by Banc of California, Inc. (f/k/a First PacTrust Bancorp, Inc.), a Maryland corporation (the “Company”), to
                 (the “Grantee”), in accordance with the following terms and conditions: 

1. Award. The Company hereby awards to the Grantee
                 Restricted Stock Units (“RSUs”), with each RSU representing the right to receive one share of Common Stock, pursuant to the Banc of
California, Inc. (f/k/a First PacTrust Bancorp, Inc.) 2013 Omnibus Stock Incentive Plan, as the same may be amended from time to time (the “Plan”), and upon the terms and conditions and subject to the restrictions in the Plan and as
hereinafter set forth. A copy of the Plan, as currently in effect, is incorporated herein by reference and is attached hereto. Capitalized terms used herein which are not defined in this Agreement shall have the meaning ascribed to such terms in the
Plan. 
 2. Restrictions on Transfer; Vesting. When vested, each RSU will entitle the Grantee to receive one share of Common
Stock. The RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated by the Grantee, except upon the death of the Grantee, by will or by the laws of descent and distribution. 

Except as otherwise provided in Section 3 of this Agreement, provided that the Grantee is serving as a director, officer, employee or
consultant of the Company or any Subsidiary or Affiliate as of the date of vesting, the RSUs shall become vested in accordance with the following schedule: 
  

			
	 Date of Vesting
	  	 Number of RSUs Vested

		  	
		  	
		  	

 3. Termination of Employment. Upon the Grantee’s Termination of Employment for any reason other
than due to death or Disability, any unvested RSUs shall become forfeited. In the event that the Grantee’s Termination of Employment is due to death or Disability, the RSUs, if not theretofore vested, shall vest in full as of the date of such
Termination of Employment. 

 4. Grantee’s Rights. The Grantee shall have no voting rights, no right to receive any
dividends (or dividend equivalents) and no other rights of a stockholder with respect to the shares of Common Stock underlying the RSUs unless and until such shares of Common Stock are issued to the Grantee in payment of the RSUs. 

5. Payment of Award. An RSU that has vested (“Vested RSU”) shall be paid in the form of a share of Common Stock, as of the
earliest to occur of the following: (A) the applicable scheduled vesting date set forth in Section 2 above (“Scheduled Vesting Date”), or (B) the date of Grantee’s Termination of Employment due to death or
Disability. Such payment shall be made as soon as practicable following the applicable Scheduled Vesting Date or the date of Termination of Employment due to death or Disability, but in no event later than thirty (30) days following the
Scheduled Vesting Date or the date of Termination of Employment due to death or Disability.  
 6. Adjustments. In the
event of a Corporate Transaction or Share Change, the RSUs shall be adjusted as and to the extent provided in Section 3(d) of the Plan. 

7. Effect of Change in Control. Section 10 of the Plan shall not apply to the treatment of the RSUs upon and following a Change in
Control. 
 8. Delivery and Registration of Shares. The Company’s obligation to deliver shares of Common Stock hereunder shall,
if the Committee so requests, be conditioned upon the receipt of a representation that the Grantee, or any other person to whom such shares are to be delivered, is acquiring such shares without a view to the distribution thereof. In requesting any
such representation, it may be provided that such representation requirement shall become inoperative upon a registration of such shares or other action eliminating the necessity of such representation under the Securities Act of 1933, as amended,
or other securities law or regulation. The Company shall not be required to deliver any shares of Common Stock hereunder prior to (i) the listing or approval for listing upon notice of issuance of the shares on the Applicable Exchange,
(ii) any registration or other qualification of such shares under any state or federal law, rule or regulation, or the maintaining in effect of any such registration or other qualification which the Committee shall, in its absolute discretion
upon the advice of counsel, determine to be necessary or advisable and (iii) obtaining any other consent, approval, or permit from any state or federal government agency which the Committee shall, in its absolute discretion after receiving the
advice of counsel, determine to be necessary or advisable. 
 9. Plan and Plan Interpretations as Controlling. The RSUs hereby
awarded and the terms and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which are controlling. All determinations and interpretations made in the discretion of the Committee shall be binding and
conclusive upon the Grantee or the Grantee’s legal representatives with regard to any question arising hereunder or under the Plan. 

10. Clawback. All RSUs granted pursuant to this Agreement and all shares of Common Stock issued hereunder shall be subject to any
clawback, recoupment or forfeiture provisions (i) required by law or regulation and applicable to the Company or its Subsidiaries or Affiliates as in effect from time to time or (ii) set forth in any policies adopted or maintained by the
Company or any of its Subsidiaries or Affiliates as in effect from time to time. 

  
 -2- 

 11. Grantee Service. Nothing in this Agreement shall interfere with or limit in any way
the right of the Company or any Subsidiary or Affiliate to terminate the Grantee’s employment or service at any time, nor confer upon the Grantee any right to continue in the employ or service of the Company or any Subsidiary or Affiliate. 

12. Withholding Tax. Upon the vesting of the RSUs, the Company may withhold from any payment or distribution made hereunder sufficient
shares of Common Stock to cover any applicable withholding and employment taxes, or require the Grantee to remit to the Company an amount sufficient to satisfy such taxes. 

13. Notices. All notices hereunder to the Company shall be delivered or mailed to it addressed to the Secretary of Banc of California,
Inc., 18500 Von Karman Avenue, Suite 1100, Irvine, California 92612. Any notices hereunder to the Grantee shall be delivered personally or mailed to the Grantee’s current address according to the Company’s personnel files. Such addresses
for the service of notices may be changed at any time, provided written notice of the change is furnished in advance to the Company or to the Grantee, as the case may be. 

14. Severability. The various provisions of this Agreement are severable in their entirety. Any judicial or legal determination of
invalidity or unenforceability of any one provision shall have no effect on the continuing force and effect of the remaining provisions. 

15. Governing Law; Headings. This Agreement and actions taken hereunder shall be governed by and construed in accordance with the laws
of the State of Maryland, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. 

16. Amendment. This Agreement may be amended or modified by the Committee at any time; provided, that, no amendment or
modification that materially impairs the rights of the Grantee as provided by this Agreement shall be effective unless set forth in writing signed by the parties hereto, except such an amendment made to cause the terms of this Agreement or the RSUs
granted hereunder or shares of Common Stock issued hereunder to comply with applicable law (including tax law), Applicable Exchange listing standards or accounting rules. The waiver by either party of compliance with any provision of this Agreement
shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of a provision of this Agreement. 

17. Grantee Acceptance; Counterparts. The Grantee shall signify the Grantee’s acceptance of the terms and conditions of this
Agreement by signing in the space provided below and returning a signed copy hereof to the Company at the address set forth in Section 13 above. This Agreement may be executed in counterparts, each of which shall be deemed an original, but
which together shall constitute one and the same instrument. The parties hereto agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of this Agreement. 

18. Section 409A. The RSUs are intended to comply with Section 409A of the Code. Notwitstanding anything herein to the
contrary, this Award shall be interpreted, operated and administered in a manner consistent with this intention. 

  
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 [Signature page follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date
first above written. 
  

			
		 	BANC OF CALIFORNIA, INC.
		
	By:	 	  

		
		 	ACCEPTED
		
		 	  

		
		 	  

		 	(Street Address)
		
		 	  

		 	(City, State and Zip Code)

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