Document:

rentech_8k-ex1002.htm

    Exhibit 10.2

     

     

    
      TOTAL
SHAREHOLDER RETURN

       

      PERFORMANCE
SHARE AWARD AGREEMENT

       

      

       

      THIS TOTAL SHAREHOLDER RETURN
PERFORMANCE SHARE AWARD AGREEMENT (the “Award
Agreement”), dated as of _________ (the “Grant
Date”), is made by and between Rentech, Inc., a Colorado corporation (the
“Company”),
and _________, an employee of the Company or one or more of its Subsidiaries
(the “Participant”).

      

      WHEREAS, the Company maintains
the Rentech, Inc. Amended and Restated 2006 Incentive Award Plan (the “Plan”);

      

      WHEREAS, the Company wishes to
carry out the Plan (the terms of which are hereby incorporated by reference and
made a part of this Award Agreement);

      

      WHEREAS, the Plan authorizes
the grant of awards that provide the grantee with a right to receive Stock, the
payment of which is contingent upon achieving specified performance-based
targets established by the Committee (“Performance
Shares”);

       

      WHEREAS, the Committee has
determined to issue the award of Performance Shares provided for herein (the
“Performance Share
Award”) to the Participant as an inducement to enter into or remain in
the service of the Company and its Subsidiaries, and as an incentive for
increased or continued efforts during such service, and has advised the Company
thereof and instructed the undersigned officer to issue said Performance Share
Award;

       

      NOW, THEREFORE, in consideration of
the mutual covenants herein contained and for other good and valuable
consideration, receipt of which is hereby acknowledged, the parties hereto do
hereby agree as follows:

       

      

      ARTICLE
I.

      DEFINITIONS

       

      Section
1.1    As used herein, the following terms shall have the
meanings specified below, unless the context clearly indicates
otherwise.  All capitalized terms used herein without definition shall
have the meanings ascribed to such terms in the Plan.

       

      (a)   “Cause”
shall mean “cause” as defined in an applicable employment agreement between the
Participant and the Company or, if no such employment agreement exists or if an
applicable agreement contains no such definition, then “cause” shall mean (i)
any material failure by the Participant to perform the Participant’s duties and
responsibilities reasonably assigned to Participant by the Company (other than
due to the Participant’s Disability); (ii) any act of fraud, embezzlement, theft
or misappropriation by the Participant relating to the Company or its business
or assets; (iii) the Participant’s commission of a felony or a crime involving
moral turpitude; (iv) any gross negligence or intentional misconduct on the part
of the Participant in the conduct of the Particip/ant’s duties and
responsibilities with the Company or which adversely affects the image,
reputation or business of the Company or its affiliates; or (v) any material
breach by the Participant of any agreement between the Company and the
Participant.

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      (b)   “Good
Reason” shall mean “good reason” as defined in an applicable employment
agreement between the Participant and the Company or, if no such employment
agreement exists or if an applicable agreement contains no such definition, then
“good reason” shall mean the occurrence of any of the following without the
Participant’s consent: (i) a material reduction in the Participant’s annual base
salary, unless such reduction in annual base salary is part of a general
decrease in the base salary of similarly affected employees as part of a general
cost reduction exercise; (ii) a material reduction in the Participant’s job
duties and responsibilities or the assignment to the Participant of any duties
inconsistent in any material respect with the Participant’s position with the
Company, provided, that
no resignation for Good Reason shall be effective unless and until (A) the
Participant has first provided the Company with written notice specifically
identifying the acts or omissions constituting the grounds for “Good Reason”
within thirty (30) days after the occurrence thereof, (B) the Company has not
cured such acts or omissions within thirty (30) days of its actual receipt of
such notice, and (C) the effective date of the Participant’s termination for
Good Reason occurs no later than ninety (90) days after the initial existence of
the facts or circumstances constituting Good Reason.

      

      (c)   “Measurement
Date” means April 1, 2011.

      

      (d) 
“Peer
Companies” means the peer companies listed on Exhibit B hereto,
excluding any companies whose shares are no longer listed on an exchange or
quoted on NASDAQ or a successor or other quotation system at such time as a
calculation pursuant to this Agreement is required to be made using the Total
Shareholder Return for the Peer Companies.

      

      (e)  “Performance
Percentage” shall mean the Performance Percentage corresponding to the
Total Shareholder Return Percentile in the Total Shareholder Return Table
contained in Exhibit
A hereto.  For informational purposes an example of the Total
Shareholder Return Percentile calculation is set forth on Exhibit
A.

      

      (f)  “Performance
Shares” shall mean up to _______ shares of Stock that will be issued to
the Participant under this Award Agreement if the Performance Targets or such
other criteria described hereunder are met during the applicable performance
period.

      

      (g)  “Performance
Targets” shall mean the specific target or targets determined by the
Committee, as specified in Section 2.2 and Exhibit A
hereto.

      

      (h)  “Rule
16b-3” shall mean that certain Rule 16b-3 under the Exchange Act, as such
Rule may be amended from time to time.

      

      (i)  “Termination of
Service” shall mean the Participant’s termination of employment with the
Company for any reason, with or without cause, including, but not by way of
limitation, a termination by resignation, discharge, death, or Disability, provided, that, if the
Participant continues to serve as a Director immediately following any such
termination of employment, the Committee may, in its sole discretion, determine
that a Termination of Service has not occurred until such time as the
Participant ceases to serve as a Director.

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (j)  “Total Shareholder
Return” shall mean the quotient (expressed as a percentage) obtained by
dividing (i)(A) the Volume Weighted Average Share Price as of the Measurement
Date or the Termination Date, as applicable, minus (B) the Volume Weighted
Average Share Price as of April 1, 2008, plus (C) the aggregate amount of
dividends paid in respect of a share of Stock during the period commencing on
April 1, 2008 and ending on the Measurement Date, by (ii) the Volume Weighted
Average Share Price on April 1, 2008.

      

      (k)  “Total Shareholder
Return Percentile” means the relative performance percentile obtained
when the Company’s Total Shareholder Return is compared to the total shareholder
return of each of the Peer Companies, based on the same period and using the
same methodology as that used to determine the Company’s Total Shareholder
Return, as determined by the Committee.  For informational purposes an
example of the Total Shareholder Return Percentile calculation is set forth on
Exhibit
A.

      

      (l)  “Total Shareholder
Return Threshold” shall
mean a Total Shareholder Return Percentile in excess of 25%.

      

      (m)  “Volume Weighted
Average Share Price” shall mean the trailing sixty-day volume weighted
average closing price of a share of Stock on the principal exchange on which the
Stock is then trading, as determined by the Committee.

      

      

      ARTICLE
II.

      AWARD OF PERFORMANCE
SHARES

       

      Section
2.1   Award of
Performance Shares.  As of the Grant Date, the Company grants
to the Participant the Performance Share Award on the terms and conditions set
forth in this Award Agreement.  The Performance Share Award represents
a potential right to receive shares of Stock that may become payable based upon
the Participant’s continued service and the achievement of the Performance
Targets.  The actual number of Performance Shares, if any, payable to
the Participant will be determined by reference to the Total Shareholder Return
Percentile as of the Measurement Date or Termination Date, as
applicable.  The Participant’s right and interest in the Performance
Share Award represents a mere unfunded and unsecured contingent promise to pay
by the Company.  As a further condition to the Company’s obligations
under this Award Agreement, the Participant’s spouse, if any, shall execute and
deliver to the Company the Consent of Spouse attached hereto as Exhibit
C.  Notwithstanding anything to the contrary anywhere else in
this Award Agreement, the Performance Share Award is subject to the terms,
definitions and provisions of the Plan, which is incorporated herein by
reference.

       

      Section
2.2   Payment
of Performance Shares.

       

      (a) 
Subject to Section 2.2(b) below, in the event that (i) the Participant does not
incur a Termination of Service prior to the Measurement Date, and (ii) during
the period commencing on April 1, 2008 and ending on the Measurement Date, the
Company achieves a Total Shareholder Return in excess of the Total Shareholder
Return Threshold, then the Participant shall be entitled to receive a number of
Performance Shares equal to the product of (x) the maximum number of Performance
Shares subject to this Performance Share Award, multiplied by (y) the
Performance Percentage determined as of the Measurement Date in accordance with
the Total Shareholder Return Table contained in Exhibit A
hereto.  Any Performance Shares that become payable to the Participant
shall be paid in whole shares of Stock as soon as practicable after the
Measurement Date, but in no event later than the last day of the applicable two
and one-half (2 1⁄2) month “short-term deferral” period with respect to such
payment, within the meaning of Treasury Regulation Section 1.409A-1(b)(4) (the
“Short-Term
Deferral Period”).

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (b) 
Notwithstanding Section 2.2(a) above:

       

       

      
        	
                 
      

              	
                (i)

              	
                In
      the event that, prior to the Measurement Date, a Change in Control occurs
      and the Participant has not experienced a Termination of Service prior to
      such Change in Control, then, upon such Change in Control, the Participant
      shall be entitled to receive the maximum number of Performance Shares
      subject to this Performance Share Award as soon as practicable after the
      Change in Control occurs, but in no event later than the last day of the
      applicable Short-Term Deferral
Period;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                In
      the event that, (A) after March 31, 2009, but prior to the Measurement
      Date, the Participant experiences a Termination of Service by the Company
      without Cause or by the Participant for Good Reason, and (B) during the
      period commencing on April 1, 2008 and ending on the date of Termination
      of Service (the “Termination
      Date”), the Company achieves a Total Shareholder Return in excess
      of the Total Shareholder Return Threshold, then the Participant shall be
      entitled to receive a number of Performance Shares determined by
      multiplying (x) the maximum number of Performance Shares subject to this
      Performance Share Award, times (y) the Performance Percentage applicable
      as of the Termination Date, determined in accordance with the Total
      Shareholder Return Table contained in Exhibit A
      hereto, times (z)(1) if such Termination of Service occurs on any date
      after March 31, 2009 but prior to April 1, 2010, a factor of 25%, and (2)
      if such termination occurs on any date after March 31, 2010, but
      prior to April 1, 2011, a factor of 50%, payable, in any event, as soon as
      practicable after the Termination Date, but in no event later than the
      last day of the applicable Short-Term Deferral Period (it being understood
      that no Performance Shares shall become payable under this Section
      2.2(b)(ii) in connection with a Termination of Service occurring on or
      prior to March 31, 2009); and

              

      

       

      
        
          	
                	
                  (iii)

                	
                  In
      the event that, prior to the Measurement Date, (A) the Participant
      experiences a Termination of Service due to the Participant’s death or
      Disability, and (B)  during the period commencing on April 1,
      2008 and ending on the Termination Date, the Company achieves a Total
      Shareholder Return in excess of the Total Shareholder Return Threshold,
      then the Participant shall be entitled to receive a number of Performance
      Shares determined by multiplying (x) the maximum number of Performance
      Shares subject to this Performance Share Award, times (y) the Performance
      Percentage determined as of the Termination Date in accordance with the
      Total Shareholder Return Table contained in Exhibit A
      hereto, payable as soon as practicable after the Termination Date, but in
      no event later than the last day of the applicable Short-Term Deferral
      Period.

                

        

      

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      Section
2.3   Forfeiture; Transfer
Restrictions. The right to receive the Performance Shares shall be
subject to forfeiture as provided in Section 3.1 of this Award Agreement, and
the Participant shall have no right to sell, assign, transfer, pledge, or
otherwise encumber or dispose of the Performance Share Award or the
Participant’s right to receive the Performance Shares.

       

      Section
2.4   No
Rights as Stockholder.  Neither the Participant nor any person
claiming under or through the Participant shall have any of the rights or
privileges of a stockholder of the Company in respect of any shares that may
become deliverable hereunder unless and until certificates representing such
shares shall have been issued or recorded in book entry form on the records of
the Company or its transfer agents or registrars, and delivered in certificate
or book entry form to the Participant or any person claiming under or through
the Participant.

       

      ARTICLE
III.

      RESTRICTIONS

       

      Section
3.1   Forfeiture.

       

      (a) 
Termination of
Service.  Except as expressly provided in Section 2.2(b) above,
in the event that the Participant incurs a Termination of Service for any reason
prior to the Measurement Date, the Performance Share Award and the Performance
Shares, to the extent not payable under Section 2.2 as of the Termination Date,
shall thereupon automatically and without further action be cancelled and
forfeited by the Participant, and the Participant shall have no further right or
interest in or with respect thereto.  No portion of the Performance
Share Award and no portion of the Performance Shares which are not payable to
the Participant under Section 2.2 above as of the Termination Date shall
thereafter become payable.

       

      (b) 
Failure to Achieve Performance
Target.  Any portion of the Performance Share Award and any
Performance Shares which do not become payable to the Participant as of the
Measurement Date as a result of the relevant Performance Targets not being fully
achieved shall automatically and without further action be cancelled and
forfeited by the Participant as of the Measurement Date, and the Participant
shall have no further right or interest in or with respect to such portion of
the Performance Share Award or Performance Shares.  No portion of the
Performance Share Award and no portion of the Performance Shares which do not
become payable to the Participant as of the Measurement Date as a result of the
relevant Performance Targets not being fully achieved shall thereafter become
payable.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      Section
3.2   Distribution of
Stock.  Notwithstanding anything herein to the contrary, the
Company shall not be required to issue or deliver any certificates evidencing
shares of Stock pursuant to this Award Agreement unless and until the Committee
has determined that the issuance and delivery of such certificates is in
compliance with all applicable laws, regulations of governmental authorities
and, if applicable, the requirements of any exchange on which the shares of
Stock are listed or traded.  All Stock certificates delivered pursuant
to this Award Agreement shall be subject to any stop-transfer orders and other
restrictions as the Committee deems necessary or advisable to comply with
federal, state, or foreign jurisdiction, securities or other laws, rules and
regulations and the rules of any national securities exchange or automated
quotation system on which the Stock is listed, quoted, or traded.  The
Committee may place legends on any Stock certificate to reference restrictions
applicable to the Stock.  In addition to the terms and conditions
provided herein, the Committee may require that the Participant make such
reasonable covenants, agreements, and representations as the Committee, in its
discretion, deems advisable in order to comply with any such laws, regulations,
or requirements.  The Committee shall have the right to require the
Participant to comply with any timing or other restrictions with respect to the
settlement of any Performance Shares, including a window-period limitation, as
may be imposed in the discretion of the Committee.  Notwithstanding
any other provision of this Agreement, unless otherwise determined by the
Committee or required by any applicable law, rule or regulation, the Company
shall not deliver to the Participant any certificates evidencing shares of Stock
issued upon settlement of any Performance Shares under this Award Agreement and
instead such shares of Stock shall be recorded in the books of the Company (or,
as applicable, its transfer agent or stock plan administrator).  No
fractional shares shall be issued and the Committee shall determine, in its sole
discretion, whether cash shall be given in lieu of any vested fractional
Performance Shares or whether such fractional shares shall be eliminated by
rounding up or down as appropriate.

       

      ARTICLE
IV.

      MISCELLANEOUS

       

      Section
4.1   No Right
to Continued Employment.  Nothing in the Plan or in this Award
Agreement shall confer upon the Participant any right to continue as an
Employee, Consultant, member of the Board, or other service provider of the
Company or any Subsidiary, or shall interfere with or restrict in any way the
rights of the Company or any Subsidiary, which are hereby expressly reserved, to
discharge the Participant at any time for any reason whatsoever, with or without
cause, except to the extent expressly provided otherwise in a written employment
agreement between the Participant and the Company or any
Subsidiary.

       

      Section
4.2   Tax
Withholding. The Company shall have the authority and the right to deduct
or withhold, or to require the Participant to remit to the Company, an amount
sufficient to satisfy all applicable federal, state and local taxes (including
the Participant’s employment tax obligations) required by law to be withheld
with respect to any taxable event arising in connection with the Performance
Shares.  The Committee may, in its sole discretion and in satisfaction
of the foregoing requirement, allow the Participant to elect to have the Company
withhold Performance Shares that become payable under this Performance Share
Agreement (or allow the return of such shares of Stock by the Participant)
having a Fair Market Value equal to the sums required to be withheld, provided,
that the number of shares which may be so withheld (or returned) with respect to
a taxable event arising in connection with the Performance Shares shall be
limited to the number of shares which have a Fair Market Value on the date of
withholding equal to the aggregate amount of such liabilities based on the
minimum statutory withholding rates for federal, state and local income tax and
payroll tax purposes that are applicable to such supplemental taxable
income.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      Section
4.3   Section
409A.  The Performance Share Award is not intended to
constitute or provide for “nonqualified deferred compensation” within the
meaning of Code Section 409A.  Nevertheless, to the extent that the
Committee determines that the Performance Share Award may not be exempt from (or
compliant with) Code Section 409A, the Committee may amend this Award Agreement
in a manner intended to comply with the requirements of Code Section 409A or an
exemption therefrom (including amendments with retroactive effect), or take any
other actions as it deems necessary or appropriate to (a) exempt the Performance
Share Award from Code Section 409A and/or preserve the intended tax treatment of
the benefits provided with respect to the Performance Share Award, or (b) comply
with the requirements of Code Section 409A.  To the extent applicable,
this Award Agreement shall be interpreted in accordance with the provisions of
Code Section 409A.

       

      Section
4.4   Tax
Consultation.  The Participant understands that he or she may
suffer adverse tax consequences in connection with the Performance Share Award
or the payment thereof.  The Participant represents that the
Participant has consulted with any tax consultants that he or she deems
advisable in connection with the Performance Share Award and that the
Participant is not relying on the Company for tax advice.

       

      Section
4.5   Conformity to Securities Laws.
This Award Agreement is intended to conform to the extent necessary with all
provisions of the Securities Act and the Exchange Act and any and all
regulations and rules promulgated by the Securities and Exchange Commission
thereunder, including without limitation Rule 16b-3. Notwithstanding anything
herein to the contrary, this Award Agreement shall be administered, and the
Performance Shares shall be issued, only in such a manner as to conform to such
laws, rules and regulations. To the extent permitted by applicable law, this
Award Agreement and the Performance Shares issued hereunder shall be deemed
amended to the extent necessary to conform to such laws, rules and
regulations.

       

      Section
4.6   Amendment. This Award
Agreement may only be amended, modified or terminated by a writing executed by
the Participant and by a duly authorized representative of the
Company.

       

      Section
4.7   Severability.  In
the event that any provision in this Award Agreement is held invalid or
unenforceable, such provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining
provisions of this Award Agreement, which shall remain in full force and
effect.

       

      Section
4.8   Notices. Any notice to be
given under the terms of this Award Agreement to the Company shall be addressed
to the Company in care of its Secretary, and any notice to be given to the
Participant shall be addressed to him at his then current address on the books
and records of the Company.  By a notice given pursuant to this
Section 4.3, either party may hereafter designate a different address for
notices to be given to it or him. Any notice which is required to be given to
the Participant shall, if the Participant is then deceased, be given to the
Participant’s personal representative if such representative has previously
informed the Company of his status and address by written notice under this
Section 4.3.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      Section
4.9    Captions. Captions provided
herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement.

       

      Section
4.10    Governing Law. The laws of the
State of Colorado shall govern the interpretation, validity, administration,
enforcement and performance of the terms of this Award Agreement regardless of
the law that might be applied under principles of conflicts of
laws.

       

                 IN
WITNESS WHEREOF, this Award Agreement has been executed and delivered by the
parties hereto.

       

      
      

       

      
        	 	      
                RENTECH,
      INC.,

                a
      Colorado corporation

                

                

                By:                                                                           

                Name:

                
                  Title:

                   

                

              

      

       

      
 

      

       

      

      PARTICIPANT

      

      

                                                           

      [Name]

      

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      

       

      EXHIBIT
A

       

      

      TOTAL
SHAREHOLDER RETURN

      

      

      For purposes of this Award Agreement,
the Performance Percentage shall be determined as of any given date by matching
the Total Shareholder Return Percentile on such date with the corresponding
Performance Percentage listed in the Total Shareholder Return Table
below.  To the extent that the applicable Total Shareholder Return
Percentile falls between the incremental levels contained in this Total
Shareholder Return Table, the Performance Percentage shall be determined based
on a linear pro ration between the relevant increments rounded to the nearest
percentage point.

      

      
        	
                TOTAL
      SHAREHOLDER RETURN TABLE

              
	
                If
      the Total Shareholder Return

                 Percentile
      on the determination date equals:

              	
                Then
      the Performance 

                Percentage
      shall be equal to:

              
	
                25th
      percentile or less

              	
                0%

              
	
                50th
      percentile

              	
                50%

              
	
                75th
      percentile or more

              	
                100%

              
	 
      	 
      

      

      

      For
informational purposes, following is a sample calculation of Total Shareholder
Return Percentile and Performance Percentile:

      

      The Total
Shareholder Return for each of Rentech and the 12 Peer Companies is calculated
first and the results are ranked from 1 (lowest return) to 13 (highest return),
if Rentech’s Total Shareholder Return were the 8th highest out of 13 then the
Total Shareholder Return Percentile calculation would proceed as
follows:

      

      
        	
                 
      

              	
                §

              	
                8/13
      = 62%

              

      

      

      A Total
Shareholder Return of 62% falls within the payout range on the table above and
the Performance Percentile would be calculated as follows:

      

      
        	
                 
      

              	
                §

              	
                The
      Performance Percentage increases by 2% for each incremental increase of a
      percentage point in the Total Shareholder Return Percentile above the 25%
      threshold up to a maximum Performance Percentage of 100%, e.g. 26% Total
      Shareholder Return Percentile equates to a 2% Performance Percentage, 27%
      equates to 4%, 30% equates to 10% and so
on

              

      

      
        	
                 
      

              	
                §

              	
                In
      this example the Performance Percentage would be calculated as (62% - 25%
      = 37%) and then 37% would be multiplied by the factor of 2 (37% * 2 = 74%)
      to arrive at a 74% Performance
Percentage

              

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      

      EXHIBIT
B

       

      PEER
COMPANIES

      

      For purposes of determining the Total
Shareholder Return Percentile, the Peer Companies shall consist of:

      

      

      Methanex
Corp.

      Terra
Industries, Inc.

      Aventine
Renewable Energy

      Headwaters,
Inc.

      Verasun
Energy Corp.

      MGP
Ingredients, Inc.

      Pacific
Ethanol, Inc.

      Energy
Conversion Devices, Inc.

      Fuel
Tech., Inc.

      Ballard
Power Systems, Inc.

      Evergreen
Energy, Inc.

      Fuelcell
Energy, Inc.

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      EXHIBIT
C

       

      CONSENT
OF SPOUSE

       

      I, ____________________, spouse of
_______________, have read and approve the foregoing Award Agreement. In
consideration of granting of the right to my spouse to receive Performance
Shares of Rentech, Inc. as set forth in the Award Agreement if the Performance
Goals are met, I hereby appoint my spouse as my attorney-in-fact in respect to
the exercise of any rights under the Award Agreement and agree to be bound by
the provisions of the Award Agreement insofar as I may have any rights in said
Award Agreement or any shares issued pursuant thereto under the community
property laws or similar laws relating to marital property in effect in the
state of our residence as of the date of the signing of the foregoing Award
Agreement.

       

      Dated:
_______________, ______

       

       

      
      

       

      
        	 	Name:
      _____________________________exv10w3

Exhibit 10.3

July 18, 2008

PERSONAL & CONFIDENTIAL 

Board of Directors

infoGROUP Inc.

Gentlemen:

     I
hereby make reference to the letter agreement between myself and
infoGROUP Inc. (f/k/a infoUSA
Inc.) (the “Company”) dated July 21, 2006, as amended by the letter agreement dated July 20, 2007
(as amended, the “Standstill Agreement”), in which I agreed not to acquire any additional
securities of the Company subject to the terms and conditions set forth therein.

     I am writing to confirm my agreement to extend the “Covered Period,” as defined in the Standstill
Agreement, to include the period from 12:00 a.m. on July 22, 2008 to and including
11:59 p.m. on July 21, 2009. All other terms of the Standstill Agreement remain in effect without
modification.

     Please return an executed copy of this letter to me to acknowledge your acceptance.

	 	 	 	 	 
	 	 	 
	 	/s/ Vinod Gupta
 	 
	 	Vinod Gupta 	 
	 	 	 
	 

ACCEPTED AND AGREED as of the date first written above:

infoGROUP Inc.

	 	 	 	 	 
	 	 	 
	/s/ Bill L. Fairfield
 	 	 
	By:  	Bill L. Fairfield 	 	 
	Its:  	Chairman, Board of  Directors of
infoGROUP Inc. (acting on authority of the Board of Directors
of the Company)

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