Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

Between 
 Rentech, Inc. 

and 
 Keith B. Forman 

THIS AGREEMENT (the “Agreement”) is entered into as of December 30, 2014, but shall be effective as of December 9,
2014 (the “Effective Date”), between Rentech, Inc. (the “Company”) and Keith B. Forman (“Executive”). 

In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 1. Employment. The Company shall employ Executive, and Executive
hereby agrees to accept employment with the Company, upon the terms and conditions set forth in this Agreement, for the period beginning on the Effective Date and ending as provided in Section 4 hereof (the “Employment
Period”).
 2. Position and Duties. 

a. Title; Reporting. During the Employment Period, Executive shall serve as President and Chief Executive Officer of the
Company. During the Employment Period, Executive shall render such administrative, financial and other executive and managerial services to the Company and its affiliates (the “Company Group”) as are consistent with
Executive’s position and the by-laws of the Company and as the Board of Directors of the Company (together with its committees, the “Board”) may from time to time reasonably direct. Executive shall also serve for no
additional compensation or remuneration as an officer or director of the Company or such subsidiaries of the Company as may from time to time be designated by the Board. 

b. Exclusivity. During the Employment Period, Executive shall report to the Board and shall devote his best efforts and his full
business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company. Executive shall perform his duties, responsibilities and functions to the
Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects. In performing his duties and exercising his
authority under this Agreement, Executive shall support and implement the business and strategic plans approved from time to time by the Board and shall support and cooperate with the Company’s efforts to operate in conformity with the business
and strategic plans approved by the Board. During the Employment Period, Executive shall not serve as an officer or director of, or otherwise perform services for compensation for, any other entity without the prior written consent of the Board
which shall not be unreasonably withheld. Notwithstanding the above, Executive may continue to serve as a director of the companies he was a director of as of the Effective Date set forth on Schedule A. Executive may serve as an officer
or director of or otherwise participate in purely educational, welfare, social, religious and civic organizations so long as such activities do not interfere with Executive’s regular performance of duties and responsibilities hereunder in any
material respect. Nothing contained herein shall preclude Executive from (i) engaging in charitable and community activities, (ii) participating in industry and trade organization activities, and (iii) managing his and his
family’s personal investments and affairs; provided, that Executive shall not have any ownership interest (of record or beneficial) in any firm, corporation, partnership, proprietorship or other business that competes directly with the
Company’s business except for (x) an investment of not more than 2.0% of the outstanding securities of a company traded on a public securities exchange or (y) investments made through public mutual funds.

 3. Compensation and Benefits.  

a. Base Salary. The Company shall pay Executive an annual salary (the “Base Salary”) at the rate of $200,000 in
regular installments in accordance with the Company’s ordinary payroll practices (in effect from time to time), but in any event no less frequently than monthly. Commencing in the fourth quarter of 2015, Executive shall be eligible for annual
reviews of his Base Salary based on performance as determined by the Board in its sole discretion. 
 b. Bonuses and Incentive
Compensation. 
 i. Annual Bonus Opportunity. Executive shall not be eligible to earn any annual cash incentive with
respect to services performed through the end of 2015. The Board shall reevaluate the appropriateness of providing an annual cash incentive opportunity (an “Annual Bonus”) during the fourth quarter of 2015 and may, in its sole
discretion, implement such a program for periods beginning after 2015. 
 ii. New-Hire Equity Grant. As an inducement for Executive
to enter employment with the Company, on or as soon as reasonably practicable following the Effective Date and the filing of a Registration Statement on Form S-8 with respect to the Inducement Awards (defined below), the Company shall grant to
Executive the option award and performance share unit award attached hereto as Exhibit A and Exhibit B, respectively (the “Inducement Awards”). 

iii. Future Equity Awards. Executive shall be eligible to participate in any equity incentive award programs of the Company, which
includes but is not limited to stock options, restricted stock, restricted stock units, stock appreciation rights, performance shares and any other long-term incentive programs, provided, however, that grants of any such awards shall
be made in the sole discretion of the Board. 
 c. Expenses. During the Employment Period, the Company shall reimburse Executive
for all reasonable business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement in accordance with the Company’s policies in effect from time to time with respect to travel, entertainment
and other business expenses for senior executives. 
 d. Other Benefits. Executive shall be entitled to the following benefits
during the Employment Period, unless otherwise modified by the Board: participation in the Company’s retirement plans, health and welfare plans, disability insurance plans, vacation and paid-time-off programs and other benefit plans of the
Company as in effect from time to time, under the terms of such plans and to the same extent and under the same conditions such participation and coverages are provided generally to other senior executives of the Company. Executive shall also
receive coverage for services rendered to the Company, its subsidiaries and affiliates while Executive is a director or officer of the Company, or of any of its subsidiaries or affiliates, under director and officer liability insurance policy(ies)
maintained by the Company from time to time. Nothing contained in this Section 3(d) shall, or shall be construed so as to, obligate the Company to adopt or maintain any plan, program or policy at any time. 

  
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 4. Termination. Executive’s employment with the Company shall be
“at-will” and either Executive or the Company may terminate Executive’s employment at any time, subject to Section 5 below, as follows: (i) Executive’s employment and the Employment Period shall terminate immediately
upon Executive’s resignation (with or without Good Reason (as defined herein)), death or Disability (as defined herein) and (ii) Executive’s employment and the Employment Period may be terminated by the Company at any time prior to
such date for Cause (as defined herein) or without Cause. Except as otherwise provided herein, any termination of Executive’s employment and the Employment Period by the Company shall be effective as specified in a written notice from the
Company to Executive, but in no event more than 90 days from the date of such notice. The termination of the Employment Period shall not affect the respective rights and obligations of the parties which, pursuant to the terms of this Agreement,
apply following the date of Executive’s termination of employment with the Company. 
 5. Severance; Change in Control. 

a. Termination Without Cause or for Good Reason. In the event that Executive incurs a “separation from service”
(“Separation from Service”) from the Company (within the meaning of Section 409A (as defined below)) due to a termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and
Executive ceases upon such Separation from Service to provide any Services, then, subject to Executive’s execution and non-revocation of a Release substantially in the form attached as Exhibit C (a “Release”) within 30
days after such Separation from Service, Executive shall be entitled to the benefits set forth in this Section 5(a). Each payment under this Section 5(a) shall be treated as a separate payment for purposes of Section 409A. 

i. The Company shall pay Executive an amount equal to the greater of two times Executive’s Base Salary (as in effect on the date of
Executive’s termination) or $1,000,000, provided that, in the event of a termination under this Section 5(a) within six months of the Effective Date, the Company shall pay to Executive $400,000. The cash severance amount described in the
previous sentence shall be paid, subject to Sections 5(d) and 19 below, in substantially equal installments over a period of two years from Executive’s Separation from Service, in accordance with the payroll practices of the Company in effect
from time to time, beginning on the first payroll date occurring on or after the thirtieth day following Executive’s Separation from Service (such payroll date, the “First Payroll Date”) (with amounts otherwise payable prior to
the First Payroll Date paid on the First Payroll Date). 
 ii. Executive shall be entitled to benefits mandated under the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), under Section 4980B of the Code, or any replacement or successor provision of United States tax law, subject to Executive’s valid election to receive COBRA
benefits, with the premium paid at the Company’s expense until the first to occur of (A) eighteen months from the date of termination, (B) the expiration of the period of time during which Executive is entitled to continuation
coverage under the Company’s group health plan under COBRA, or (C) such date that Executive becomes eligible for coverage under the group health plan of another employer, provided, however, that notwithstanding the
foregoing, if (I) any plan pursuant to which the foregoing benefits are provided is not, or ceases prior to the expiration of the continuation coverage period to be, exempt from the application of Section 409A of the Code under Treasury
Regulation Section 1.409A-1(a)(5), or (II) the Company cannot provide the benefit without violating or incurring penalty or excise taxes under applicable law (including, without limitation, Section 2716 of the Public Health Service Act),
then, in any such case, an amount equal to each remaining Company subsidy shall thereafter be paid to Executive in substantially equal monthly installments over the remaining coverage period (or remaining portion thereof). 

iii. All outstanding equity awards shall be governed by the terms of any applicable equity plans and award agreement(s). 

  
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 The benefits contemplated by Sections 5(a)(i) and 5(a)(ii) above are referred to herein as the
“Severance”. In addition, if Executive’s employment terminates pursuant to this Section 5(a), the Company shall pay Executive the amounts described in Section 5(c)(i), (ii) and (iii) within 30 days of the
date of termination (or such earlier date as may be mandated by applicable law) and shall pay or provide the other benefits described in Section 5(c) in accordance therewith. If the Employment Period and Executive’s employment with
the Company are terminated (for any reason), but Executive remains in Service on the Board or the board of directors or similar body of any majority-owned subsidiary of the Company following such termination, unless otherwise agreed in writing
between Executive and the Company, Executive shall forfeit any and all right to receive any Severance benefits hereunder. 
 b. Other
Terminations. In the event that Executive’s employment with the Company is terminated due to Executive’s resignation without Good Reason, death, Disability, termination by the Company for Cause or for any other reason not
contemplated by Section 5(a) above, subject to applicable law, the Company agrees to the following: 
 i. All outstanding equity
awards shall be governed by the terms of any applicable equity plans and award agreement(s). 
 ii. The Company shall pay Executive the
amounts described in Section 5(c)(i), (ii) and (iii) within 30 days of the date of termination (or such earlier date as may be mandated by applicable law) and shall pay or provide the other benefits described in Section 5(c) in
accordance therewith. 
 c. Payments Upon Termination of Employment. In the case of any termination of Executive’s
employment with the Company, Executive or his estate or legal representative shall be entitled to receive, to the extent permitted by applicable law, from the Company (i) Executive’s Base Salary through the date of termination to the
extent not previously paid, (ii) to the extent not previously paid, the amount of any Annual Bonus earned or accrued by Executive as of the date of termination for any fiscal year of the Company ended prior to the date of termination that is
then unpaid (if any), (iii) any vacation pay, expense reimbursements and other cash entitlements accrued by Executive, in accordance with Company policy for senior executives, as of the date of termination to the extent not previously paid, and
(iv) all vested benefits accrued by Executive under all benefit plans and qualified and nonqualified retirement, pension, 401(k) and similar plans and arrangements of the Company, in such manner and at such times as are provided under the terms
of such plans and arrangements. 
 d. Change in Control.

i. If Executive becomes entitled to Severance in accordance with Section 5(a) above in connection with a Separation from Service that
occurs within 2 years after a Change in Control, then the cash severance component contemplated by Section 5(a)(i) above shall be paid in a lump-sum payment on the First Payroll Date in lieu of the continuation payments contemplated thereby
(and the provisions of Section 5(a) above shall otherwise apply). 
 ii. In the event of a Change in Control, all equity awards
granted to Executive shall be governed by the terms of any applicable equity plans and award agreements. 
 e. No Other
Payments. Except as provided in Sections 5(a), (b), (c) and (d) above, all of Executive’s rights to salary, bonuses, employee benefits and other compensation hereunder which would have accrued or become payable after the
termination or expiration of the Employment Period shall cease upon Executive’s termination of employment with the Company, other than those expressly required under applicable law (such as COBRA). 

  
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 f. No Mitigation, No Offset. In the event of Executive’s termination of
employment for whatever reason, Executive shall be under no obligation to seek other employment, and there shall be no offset against amounts due him under this Agreement or otherwise on account of any remuneration attributable to any subsequent
employment or claims asserted by the Company or any affiliate; provided, that this provision shall not apply with respect to any amounts that Executive owes to the Company or any member of the Company Group on account of any amount in respect
of which Executive is obligated to make repayment to the Company or any member of the Company Group. 
 g. Definitions. For
purposes of this Agreement, the following terms shall have the following meanings: 
 i. “Cause” shall mean one or more of
the following: 
 (A) the conviction of, or an agreement to a plea of nolo contendere to, a crime involving moral turpitude or any felony;

 (B) Executive’s willful refusal substantially to perform duties as reasonably directed by the Board under this or any other
agreement; 
 (C) in carrying out his duties, Executive engages in conduct that constitutes fraud, willful neglect or willful misconduct
which, in either case, would result in demonstrable harm to the business, operations, prospects or reputation of the Company; 
 (D) a
material violation of the requirements of the Sarbanes-Oxley Act of 2002 (“SOX”) or other federal or state securities law, rule or regulation; or 

(E) any other material breach of this Agreement. 

For purpose of this Agreement, the Company is not entitled to assert that Executive’s termination is for Cause unless the Company gives
Executive written notice describing the facts which are the basis for such termination and such grounds for termination (if susceptible to correction) are not corrected by Executive within 30 days of Executive’s receipt of such notice to the
reasonable, good faith satisfaction of the Board. 
 ii. “Change in Control” shall mean the first to occur of any of the
following events: 
 (A) A transaction or series of transactions (other than an offering of Common Stock to the general public through a
registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction, directly
or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than
50% of the total combined voting power of the Company’s securities outstanding immediately after such acquisition; or 

  
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 (B) During any twelve-month period, individuals who, at the beginning of such period, constitute
the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in Section 5(g)(ii)(A) or Section 5(g)(ii)(C)) whose
election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of the twelve-month period or whose
election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 
 (C) The
consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other
disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 

(1) Which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either by
remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the
Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s
outstanding voting securities immediately after the transaction, and 
 (2) After which no person or group beneficially owns voting
securities representing 35% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section 5(g)(ii)(C)(2) as beneficially owning 35% or more of
combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction. 

Notwithstanding the foregoing, a transaction shall only constitute a Change in Control for purposes hereof if such transaction also constitutes a “change
in control event” within the meaning of Section 409A. 
 iii. “Disability” shall mean Executive’s being
unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. 

iv. “Good Reason” shall mean Executive’s resignation from employment with the Company prior to the end of the
Employment Period as a result of one or more of the following reasons: 
 (A) the Company materially reduces the amount of Executive’s
then current Base Salary; 
 (B) a material diminution in Executive’s authority, duties or responsibilities; 

(C) a material breach of this Agreement by the Company; or 

(D) a material change to the geographic location of Executive’s principal work location in Bethesda, Maryland (within the meaning of
Section 409A, provided, however, that in no event shall a relocation of less than 50 miles be deemed material for purposes of this clause (D)). 

  
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 Notwithstanding the foregoing, Executive agrees that he shall not be entitled to terminate his
employment for Good Reason in the event he is required to forfeit incentive or other compensation pursuant to Section 304 of SOX. For purposes of this Agreement, a termination of employment by Executive shall not be deemed to be for Good
Reason unless (i) Executive gives the Board written notice describing the event or events which are the basis for such termination within 90 days after the event or events occur, (ii) such grounds for termination (if susceptible to
correction) are not corrected by the Company within 30 days of the Company’s receipt of such notice to the reasonable, good faith satisfaction of Executive, and (iii) Executive terminates his employment no later than 30 days after the
expiration of the cure period described in clause (ii) of this paragraph. 
 6. Insurance; Indemnification and Advancement of
Expenses.
 a. Insurance. The Company agrees to maintain director’s and officer’s liability insurance covering the
Executive for services rendered to the Company, its subsidiaries and affiliates while Executive is a director or officer of the Company or any of its subsidiaries or affiliates. 

b. Indemnification and Advancement of Expenses. Executive shall be entitled to the benefits of Articles Thirteen and Fourteen of
the Company’s Amended and Restated Articles of Incorporation and the Company shall not amend such provisions during the Employment Period without advance written notice to Executive. The Company shall not during the Employment Period enter into
any supplemental indemnification agreement with its directors or executive officers, as such, unless Executive is offered an agreement containing terms pertaining to indemnification and advancement of expenses that are substantially identical to the
most favorable indemnification and advancement of expenses terms provided to such directors or executive officers (excepting standard “Side A” and similar arrangements customarily provided solely to non-employee directors), which agreement
may not be amended without advance written notice to Executive.
 7. Confidential Information. Executive acknowledges that he
has entered into the Company’s form of Confidentiality and Invention Assignment Agreement attached hereto as Exhibit D and hereby reaffirms his obligations thereunder. 

8. Non-Solicitation. 
 a.
General. During the Employment Period and for one year thereafter (the “Restricted Period”), Executive shall not directly or indirectly through another person or entity (i) induce, solicit, encourage or attempt to
induce, solicit or encourage any employee of the Company to leave the employ of the Company, or in any way interfere with the relationship between the Company and any employee thereof; or (ii) use the Company’s confidential or proprietary
information to induce, solicit, encourage or attempt to induce, solicit or encourage any customer, supplier, licensee, licensor, franchisee or other business relation of the Company to cease doing business with the Company, or in any way interfere
with the relationship between any such customer, supplier, licensee or business relation of the Company (including, without limitation, making any negative or disparaging statements or communications regarding the Company). During the
Restricted Period, the Company covenants that it will not, and it will advise members of senior management of the Company and the Board not to, make any negative or disparaging statements or communications regarding Executive. 

b. Reformation; Acknowledgment. If, at the time of enforcement of this Section 8, a court shall hold that the duration, scope
or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and
that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the restrictions contained in this Section 8 are reasonable and that he
has reviewed the provisions of this Agreement with his legal counsel. 

  
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 c. Remedies. Executive acknowledges that in the event of the breach or a threatened breach
by Executive of any of the provisions of this Section 8, the Company would suffer irreparable harm, and, in addition and supplementary to other rights and remedies existing in its favor, the Company shall be entitled to specific performance
and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). In addition, in the event of a breach or
violation by Executive of Section 8(a) above, the Restricted Period shall be automatically extended by the amount of time between the initial occurrence of the breach or violation and when such breach or violation has been duly cured. 

9. Executive’s Representations. Executive hereby represents and warrants to the Company that (i) the execution, delivery
and performance of this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under, any contract, agreement, instrument, order, judgment or decree to which Executive is a party or by which he is bound which
has not been waived; (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity; and (iii) from and after the Effective Date, this Agreement
shall be the valid and binding obligation of Executive, enforceable in accordance with its terms. Executive represents and agrees that he fully understands his right to discuss all aspects of this Agreement with his private attorney, and
that to the extent, if any, that he desired, he availed himself of such right. Executive further represents that he has carefully read and fully understands all of the provisions of this Agreement, that he is competent to execute this
Agreement, that his agreement to execute this Agreement has not been obtained by any duress and that he freely and voluntarily enters into it, and that he has read this document in its entirety and fully understands the meaning, intent and
consequences of this document.  
 10. Employment At-Will. Subject to the termination and payment obligations provided under
Sections 4 and 5 of this Agreement, Executive hereby agrees that the Company may dismiss him and terminate his employment with the Company, with or without advance notice and without regard to (i) any general or specific policies (whether
written or oral) of the Company relating to the employment or termination of its employees, or (ii) any statements made to Executive, whether made orally or contained in any document, pertaining to Executive’s relationship with the
Company, or (iii) the existence or non-existence of Cause. Inclusion under any benefit plan or compensation arrangement will not give Executive any right or claim to any benefit hereunder except to the extent such right has become fixed
under the express terms of this Agreement. 
 11. Notices. All notices or communications hereunder shall be in writing,
addressed as follows: 
 To the Company: 

Chairman of the Board of Directors 

Rentech, Inc. 
 10877 Wilshire
Blvd., 10th Floor 
 Los Angeles, CA 90024 

with a copy to: 
 General
Counsel 
 Rentech, Inc. 
 10877
Wilshire Blvd., 10th Floor 
 Los Angeles, CA 90024 

  
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 To Executive: 

To the address on file in the permanent records of the Company at the time of the notice. 

All such notices shall be conclusively deemed to be received and shall be effective (i) if sent by reputable overnight courier or hand
delivery, upon receipt or (ii) if sent by electronic mail or facsimile, upon confirmation of receipt by the sender of such transmission. 

12. Severability. In the event any provision or part of this Agreement is found to be invalid or unenforceable, only that
particular provision or part so found, and not the entire Agreement, will be inoperative. 
 13. Complete Agreement. This
Agreement and those documents expressly referred to herein embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral,
which may have related to the subject matter hereof in any way. 
 14. No Strict Construction. The language used in this
Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 

15. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of
which taken together constitute one and the same agreement. 
 16. Successors and Assigns. This Agreement shall be binding upon
and inure to the benefit of the beneficiaries, heirs and representatives of Executive and the successors and assigns of the Company (including without limitation, any successor due to reincorporation of the Company or formation of a holding
company). The Company shall require any successor (whether direct or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) to all or a majority of its assets, by agreement in
form and substance satisfactory to Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform this Agreement if no such succession had taken
place. Executive may not assign his rights (except by will or the laws of descent and distribution) or delegate his duties or obligations hereunder. Except as provided by this Section 16, this Agreement is not assignable by any party and
no payment to be made hereunder shall be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or other charge. 

17. Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this
Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the State of California regardless of the law that might be applied under principles of conflicts of laws. 

18. Amendment and Waiver. The provisions of this Agreement may be amended, modified or waived only with the prior written consent
of the Company and Executive, and no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising any of the provisions of this Agreement (including, without limitation, the Company’s right to
terminate Executive’s employment and the Employment Period for Cause) shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 

  
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 19. Internal Revenue Code Section 409A.

a. General. To the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Code and
Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulations or other such guidance that may be issued after the Effective Date (“Section 409A”).
Notwithstanding any provision of this Agreement to the contrary, in the event that following the Effective Date, the Company determines in good faith that any compensation or benefits payable under this Agreement may not be either exempt from or
compliant with Section 409A, the Company shall consult with Executive and adopt such amendments to this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive effective), or take any
other commercially reasonable actions necessary or appropriate to cause such compensation to comply in form and operation with the requirements of Section 409A or an applicable exemption therefrom and, in either case, thereby avoid the
application of penalty taxes thereunder; provided, however, that this Section 19(a) does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments, policies or
procedures or to take any other such actions or to indemnify Executive or any other person for any failure to do so. 
 b. Specified
Employee. Notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any Severance payment under Section 5 above, shall be paid to Executive during the 6-month period following his
Separation from Service to the extent that the Company determines that Executive is a “specified employee” at the time of such Separation from Service (within the meaning of Section 409A) and that that paying such amounts at the time
or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(b)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first business day following the
end of such 6-month period (or such earlier date upon which such amount can be paid under Section 409A without being subject to such additional taxes, including as a result of Executive’s death), the Company shall pay to Executive a
lump-sum amount equal to the cumulative amount that would have otherwise been payable to Executive during such 6-month period, along with interest at the prime rate (as reported in the Wall Street Journal or such other source as the Company
deems reliable) from the date such payments were otherwise due to the date of payment. 
 c. Reimbursements. To the extent that any
reimbursements, including without limitation any reimbursements pursuant to Section 3(c) above, are determined to constitute taxable compensation to Executive, then such reimbursements shall be paid to Executive promptly following proper
substantiation in accordance with applicable Company policy, but in no event after December 31st of the year following the year in which the expense was incurred (and such reimbursements
shall be contingent upon Executive’s timely submission of proper substantiation). The amount of any such expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year and Executive’s right to
reimbursement of any such expenses shall not be subject to liquidation or exchange for any other benefit. 
 20. Insurance. The
Company may, at its discretion, apply for and procure in its own name and for its own benefit life and/or disability insurance on Executive in any amount or amounts considered advisable. Executive agrees to cooperate in any medical or other
examination, supply any information and execute and deliver any applications or other instruments in writing as may be reasonably necessary to obtain and constitute such insurance. Executive hereby represents that he has no reason to believe
that his life is not insurable at rates now prevailing for healthy men of his age. 
 21. Withholding. Any payments made or
benefits provided to Executive under this Agreement shall be reduced by any applicable withholding taxes or other amounts required to be withheld by law or contract. 

  
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 22. Arbitration. Any dispute or controversy arising under or in connection with this
Agreement or otherwise in connection with the Executive’s employment by the Company that cannot be mutually resolved by the parties to this Agreement and their respective advisors and representatives shall be settled exclusively by arbitration
in Los Angeles, California in accordance with the rules of the American Arbitration Association before one arbitrator of exemplary qualifications and stature, who shall be selected jointly by an individual to be designated by the Company and an
individual to be selected by Executive, or if such two individuals cannot agree on the selection of the arbitrator, who shall be selected by the American Arbitration Association. The Company will pay the direct costs and expenses of any such
arbitration, including the fees and costs of the arbitrator; provided, however, that the arbitrator may, at his or her election, award attorneys’ fees to the prevailing party, if permitted by applicable law. EXECUTIVE AND THE
COMPANY UNDERSTAND THAT BY AGREEING TO ARBITRATE ANY CLAIM SUBJECT TO THIS ARBITRATION PROVISION, THEY ARE WAIVING THE RIGHT TO HAVE ANY ARBITRATION CLAIM DECIDED BY A JURY OR A COURT, AND SHALL INSTEAD HAVE ANY SUCH CLAIM DECIDED THROUGH
ARBITRATION. 
 23. Executive’s Cooperation. During the Employment Period and thereafter, Executive shall cooperate with
the Company and its affiliates, upon the Company’s reasonable request, with respect to any internal investigation or administrative, regulatory or judicial proceeding involving matters within the scope of Executive’s duties and
responsibilities to the Company Group during the Employment Period (including, without limitation, Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s reasonable
request to give testimony without requiring service of a subpoena or other legal process, and turning over to the Company all relevant Company documents which are or may come into Executive’s possession during the Employment Period);
provided, however, that any such request by the Company shall not be unduly burdensome or interfere with Executive’s personal schedule or ability to engage in gainful employment. In the event the Company requires
Executive’s cooperation in accordance with this Section 23, the Company shall reimburse Executive for reasonable out-of-pocket expenses (including travel, lodging and meals) incurred by Executive in connection with such cooperation,
subject to reasonable documentation. In the event that the obligations under this Section 23 require more than 20 hours of the Executive’s time after termination of the Employment Period, the Company shall thereafter also pay to
Executive compensation at an hourly rate equal to the result of (a) the Base Salary applicable on the date of the termination of Executive’s employment, divided by (b) 1,750. 

(Signature Page Follows) 

  
 11 

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

			
	RENTECH, INC.
		
		 	/s/ Edward M. Stern
	 By:
	 	Edward M. Stern
	 Title:
	 	Chairman of the Compensation Committee
		
		 	/s/ Keith B. Forman
		 	Keith B. Forman

  
 12 

 SCHEDULE A 

EXISTING DIRECTORSHIPS 
 Capital Product Partners
L.P. 

  
 13 

 EXHIBIT A 

FORM OF OPTION AGREEMENT 

  
 14 

 EXHIBIT B 

FORM OF PERFORMANCE SHARE UNIT AGREEMENT 

  
 15 

 EXHIBIT C 

FORM OF RELEASE 
 This General Release of all
Claims (this “Agreement”) is entered into by Keith B. Forman (“Executive”) and Rentech, Inc. (the “Company”), effective as of
[                    ]. 
 In further consideration of
the promises and mutual obligations set forth in the Employment Agreement between Executive and the Company, dated [                    ] (the
“Employment Agreement”), Executive and the Company agree as follows: 
 1. Return of Property. All Company files, access keys,
desk keys, ID badges, computers, electronic devices, telephones and credit cards, and such other property of the Company as the Company may reasonably request, in Executive’s possession must be returned no later than the date of
Executive’s termination from the Company. 
 2. General Release and Waiver of Claims. 

(a) Release. In consideration of the payments and benefits provided to Executive under the Employment Agreement and after
consultation with counsel, Executive, personally and on behalf of each of Executive’s respective heirs, executors, administrators, representatives, agents, successors and assigns (collectively, the “Releasors”) hereby
irrevocably and unconditionally releases and forever discharges the Company and its subsidiaries and affiliates and each of their respective officers, employees, directors, and agents and all persons acting in concert with them or any of them
(“Releasees”) from any and all claims, actions, causes of action, rights, judgments, obligations, damages, demands, accountings or liabilities of whatever kind or character (collectively, “Claims”), including,
without limitation, any Claims under any federal, state, local or foreign law, including without limitation, the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq.; Title VII of the Civil Rights Act of 1964,
as amended by the Civil Rights Act of 1991, 42 U.S.C. § 2000 et seq.; Equal Pay Act, as amended, 29 U.S.C. § 206(d); the Civil Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C.
§ 2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the False Claims Act , 31 U.S.C. § 3729 et seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C.
§ 1001 et seq.; the Worker Adjustment and Retraining Notification Act, as amended, 29 U.S.C. § 2101 et seq. the Fair Labor Standards Act, 29 U.S.C. § 215 et seq., the Sarbanes-Oxley Act of 2002; the
California Fair Employment and Housing Act, as amended, Cal. Lab. Code § 12940 et seq.; the California Equal Pay Law, as amended, Cal. Lab. Code §§ 1197.5(a),1199.5; the Moore-Brown-Roberti Family Rights Act of 1991, as
amended, Cal. Gov’t Code §§12945.2, 19702.3; California Labor Code §§ 1101, 1102, 69 Ops. Cal. Atty. Gen. 80 (1986); California Labor Code §§ 1102.5(a), (b); the California WARN Act, Cal. Lab. Code § 1400
et seq.; the California False Claims Act, Cal. Gov’t Code § 12650 et seq.; the California Corporate Criminal Liability Act, Cal. Penal Code § 387; and the California Labor Code, that the Releasors had, have, may have, or
in the future may possess, arising out of (i) Executive’s employment relationship with and service as an employee, officer or director of the Company, and the termination of such relationship or service, and (ii) any event, condition,
circumstance or obligation that occurred, existed or arose on or prior to the date hereof; provided, however, that Executive does not release, discharge or waive any rights to payments and benefits provided under the Employment
Agreement that are contingent upon the execution by Executive of this Agreement, any vested benefits, any rights to indemnification, or any rights as a shareholder of the Company. 

  
 16 

 THE EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN ADVISED OF AND IS FAMILIAR WITH THE PROVISIONS OF
CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES
NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, THE EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES
OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 (b) Specific Release of ADEA Claims. In further consideration of the payments and
benefits provided to Executive under the Employment Agreement, the Releasors hereby unconditionally release and forever discharge the Releasees from any and all Claims that the Releasors may have as of the date Executive signs this Agreement arising
under the Federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”). By signing this Agreement, Executive hereby acknowledges and confirms
the following: (i) Executive was, and is hereby, advised by the Company in connection with his termination to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to Executive the terms
of this Agreement, including, without limitation, the terms relating to Executive’s release of claims arising under ADEA, and Executive has in fact consulted with an attorney; (ii) Executive was given a period of not fewer than 21 days to
consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (iii) Executive knowingly and voluntarily accepts the terms of this Agreement; (iv) the payments and benefits provided to Executive
in consideration of this release are in addition to any amounts otherwise owed to Executive; and (v) this Agreement is written in a manner designed to be understood by Executive and he understands it. Executive also understands that he has
seven days following the date on which he signs this Agreement within which to revoke the release contained in this paragraph, by providing the Company a written notice of his revocation of the release and waiver contained in this paragraph. 

(c) No Assignment. Executive represents and warrants that he has not assigned any of the Claims being released under this
Agreement. 
 3. Proceedings. Executive has not filed, and agrees not to initiate or cause to be initiated on his behalf, any complaint, charge,
claim or proceeding against the Releasees before any local, state or federal agency, court or other body relating to any Claims released under this Agreement, including without limitation, any Claims relating to his employment or the termination of
his employment, (each, individually, a “Proceeding”), and agrees not to participate voluntarily in any Proceeding. Notwithstanding the foregoing, Executive may bring to the attention of the United States Equal Employment
Opportunity Commission (the “EEOC”) claims of discrimination. Executive waives any right he may have to benefit in any manner from any relief (whether monetary or otherwise) arising out of any Proceeding. 

4. Remedies. In the event Executive initiates or voluntarily participates in any Proceeding, or if he fails to abide by any of the terms of this
Agreement or his post-termination obligations contained in the Employment Agreement, or if he revokes the ADEA release contained in Paragraph 2(b) of this Agreement within the seven-day period provided under Paragraph 2(b), the Company may, in
addition to 

  
 17 

 
any other remedies it may have, reclaim any amounts paid to him under the Severance provisions of the Employment Agreement or terminate any benefits or payments that are subsequently due under
the Employment Agreement, without waiving the release granted herein. The foregoing shall not apply to Executive’s bringing to the attention of the EEOC any claims of discrimination. Executive acknowledges and agrees that the remedy at law
available to the Company for breach of any of his post-termination obligations under the Employment Agreement or his obligations under Paragraphs 2 and 3 of this Agreement would be inadequate and that damages flowing from such a breach may not
readily be susceptible to being measured in monetary terms. Accordingly, Executive acknowledges, consents and agrees that, in addition to any other rights or remedies that the Company may have at law or in equity, the Company shall be entitled
to seek a temporary restraining order or a preliminary or permanent injunction, or both, without bond or other security, restraining Executive from breaching his post-termination obligations under the Employment Agreement or his obligations under
Paragraphs 2 and 3 of this Agreement. Such injunctive relief in any court shall be available to the Company, in lieu of, or prior to or pending determination in, any arbitration proceeding. 

Executive understands that by entering into this Agreement he will be limiting the availability of certain remedies that he may have against
the Company and limiting also his ability to pursue certain claims against the Company. 
 5. Severability Clause. In the event any provision or
part of this Agreement is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Agreement, will be inoperative. 

6. Non-admission. Nothing contained in this Agreement will be deemed or construed as an admission of wrongdoing or liability on the part of the
Company. 
 7. Governing Law. All matters affecting this Agreement, including the validity thereof, are to be governed by, and interpreted and
construed in accordance with, the laws of the State of California regardless of the law that might be applied under principles of conflicts of laws. 
 8.
Arbitration. Any dispute or controversy arising under or in connection with this Agreement or otherwise in connection with Executive’s employment by the Company that cannot be mutually resolved by the parties to this Agreement and
their respective advisors and representatives shall be settled exclusively by arbitration in Los Angeles, California in accordance with the rules of the American Arbitration Association before one arbitrator of exemplary qualifications and stature,
who shall be selected jointly by an individual to be designated by the Company and an individual to be selected by Executive or, if such two individuals cannot agree on the selection of the arbitrator, who shall be selected by the American
Arbitration Association. The Company will pay the direct costs and expenses of any such arbitration, including the fees and costs of the arbitrator; provided, however, that the arbitrator may, at his or her election, award
attorneys’ fees to the prevailing party, if permitted by applicable law. 
 9. Notices. All notices or communications hereunder shall be in
writing, addressed as follows: 
 To the Company: 

Rentech, Inc. 
 To Executive:

 With a copy to: 

  
 18 

 All such notices shall be conclusively deemed to be received and shall be effective (i) if
sent by hand delivery, upon receipt or (ii) if sent by electronic mail or facsimile, upon confirmation of receipt by the sender of such transmission. 

EXECUTIVE ACKNOWLEDGES THAT HE HAS READ THIS AGREEMENT AND THAT HE FULLY KNOWS, UNDERSTANDS AND APPRECIATES ITS CONTENTS, AND THAT HE HEREBY
EXECUTES THE SAME AND MAKES THIS AGREEMENT AND THE RELEASE AND AGREEMENTS PROVIDED FOR HEREIN VOLUNTARILY AND OF HIS OWN FREE WILL. 
 IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above. 
  

			
	RENTECH, INC.
	
	 
		
	 By:
	 	 
		
	 Title:
	 	 
		
		 	 
		 	Keith B. Forman

  
 19 

 EXHIBIT D 

FORM OF CONFIDENTIALITY AND INVENTION ASSIGNMENT AGREEMENT 

  
 20EX-10.2

 Exhibit 10.2 

RENTECH, INC. 

INDUCEMENT TOTAL SHAREHOLDER RETURN 

PERFORMANCE SHARE AWARD 

Pursuant to this Inducement Total Shareholder Return Performance Share Award, effective as of December 30, 2014 (including Appendix A
hereto, the “Agreement”), Rentech, Inc., a Colorado corporation (the “Company”) hereby grants to Keith B. Forman (the “Participant”) the following award of TSR Performance Share
Units (“PSUs”). The PSUs granted pursuant to this Agreement shall be eligible to be earned and vest based upon the Participant’s continued Service through the applicable Measurement Dates on which sufficient TSR Value is
attained (each such term as defined below), as described herein. Each PSU is hereby granted in tandem with a corresponding Dividend Equivalent, as further described in Section 5 below. The PSUs granted hereby are being granted as an inducement
material (within the meaning of NASDAQ Listing Rule 5635(c)(4)) to the Participant’s entering into employment with the Company pursuant to that certain Employment Agreement, dated as of December 30, 2014, by and between the Company and the
Participant (the “Employment Agreement”). The Participant acknowledges and agrees that the PSUs granted pursuant to this Agreement constitute full and final satisfaction of the Company’s obligation to grant a performance
share unit award in accordance with Section 3(b)(ii) of the Employment Agreement. All capitalized terms used but not otherwise defined in this Agreement shall have the meanings provided in Section 26 below. Subject to the terms and
conditions of this Agreement, the principal features of this Award are as follows: 
 Number of PSUs. The Participant shall be
eligible to earn and vest in a target number of PSUs equal to 1,008,265 PSUs (the “Target PSUs”) pursuant to this Agreement, provided, that the maximum number of PSUs that the Participant may earn and vest in pursuant
to this Agreement shall equal two hundred percent (200%) of the Target PSUs (the “Maximum Percentage”) or 2,016,530 PSUs (the “Maximum PSUs”) and the threshold number of PSUs that the Participant
may earn and vest in pursuant to this Agreement shall equal fifty percent (50%) of the Target PSUs (the “Threshold Percentage”), in each case, based on continued Service through specified Measurement Dates on which
sufficient TSR Value is attained. 
 Grant Date. December 30, 2014 (the “Grant Date”) 

Vesting of PSUs. The PSUs shall be eligible to vest over a period commencing on the Grant Date and ending on the Year 4
Measurement Date (as defined below) based on continued Service and increase in TSR Value in accordance with the terms and conditions set forth in Section 4 of Appendix A hereto. 

Termination of PSUs/Dividend Equivalents. To the extent that any PSUs that the Participant is eligible to earn hereunder have
not become earned and vested as of the first to occur of the Year 4 Measurement Date or the termination of all Service relationships in which the Participant is employed or engaged (after taking into consideration any vesting that may occur on the
date of such termination, if any), such PSUs shall be forfeited and terminated on the earlier such date (in any case, the “Termination Date”). Upon the occurrence of a Termination Date, both the tandem Dividend Equivalents
associated with such terminating PSUs and all unpaid dividends with respect to such terminated PSUs shall thereupon automatically be forfeited by the Participant as of the Termination Date without payment therefor. 

  
 1 

 The Participant’s signature below indicates the Participant’s agreement with and
understanding that this Award is subject to all of the terms and conditions contained in this Agreement (including Appendix A). THE PARTICIPANT FURTHER ACKNOWLEDGES THAT THE PARTICIPANT HAS READ AND UNDERSTANDS THIS AGREEMENT, INCLUDING
APPENDIX A HERETO, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT OF PSUS AND THE TANDEM DIVIDEND EQUIVALENTS. 
  

					
	RENTECH, INC.	 		 	PARTICIPANT
			
	 /s/ Colin Morris
	 		 	 /s/ Keith B. Forman

	By: Colin Morris	 		 	Keith B. Forman
	Title: Senior Vice President and General Counsel	 		 	

  
 2 

 APPENDIX A 

TERMS AND CONDITIONS OF INDUCEMENT TOTAL SHAREHOLDER RETURN 

PERFORMANCE SHARE AWARD AND DIVIDEND EQUIVALENTS 

1. Grant. The Company hereby grants to the Participant, as of the Grant Date, an award of PSUs in the amount set forth in the Grant
Notice to which this Appendix A is attached, together with an equivalent number of tandem Dividend Equivalents, subject to the terms and conditions contained in this Agreement. Each PSU that is earned and becomes vested in accordance with this
Agreement shall represent the right to receive one share of Common Stock. 
 2. PSUs. Each PSU that is earned and becomes vested on
an applicable Measurement Date shall represent the right to receive payment, in accordance with Section 7 below, of one (1) share of Stock. Unless and until a PSU is earned and vests, the Participant will have no right to payment in
respect of any such PSU. Prior to actual payment in respect of any earned and vested PSU, such PSU will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 

3. Employment Inducement Grant; Non-Plan Grant. 

a. This award of PSUs is intended to constitute an “employment inducement grant” under NASDAQ Listing Rule 5635(c)(4), and
consequently is intended to be exempt from the NASDAQ rules regarding stockholder approval of “stock option plans” and other “equity compensation arrangements.” This Agreement and the terms and conditions of the PSUs granted
hereby shall be interpreted in accordance and consistent with such exemption. The Participant acknowledges and agrees that the Participant has not been previously employed by the Company or any Subsidiary, or if previously employed, has had a bona
fide period of non-employment, and that the grant of the PSUs is an inducement material to the Participant’s agreement to enter into employment with the Company or a Subsidiary. 

b. The PSUs granted hereby are granted as a stand-alone award, separate and apart from, and outside of, the Second Amended and Restated
Rentech, Inc. 2009 Incentive Award Plan and any other equity incentive plan maintained by the Company (collectively, “Plans”) and shall not constitute an award granted under or pursuant to any such Plan. For the avoidance of
doubt, the PSUs and shares of Stock underlying the PSUs shall not be counted for purposes of calculating the aggregate number of shares of Stock available for issuance under any Plan. 

4. Vesting; Rounding. The PSUs (and their corresponding Dividend Equivalents) shall be earned and vest in accordance with the
provisions of this Section 4. The number of PSUs that are earned and vest on any Measurement Date shall be rounded down to the nearest whole PSU in all cases (and in no event shall the aggregate number of PSUs that are earned and vest in
accordance with this Award exceed the Maximum PSUs). 
 a. Fixed Measurement Dates. Subject to and conditioned upon the
Participant’s continued Service through the applicable Measurement Date, the PSUs will become earned and vested on such Measurement Date as follows: 

i. If such Measurement Date is the Year 2 Measurement Date, one hundred percent (100%) of the Target PSUs will become
earned and vested on such Measurement Date if the TSR Value equals or exceeds two hundred percent (200%) of the Baseline Value as of such Measurement Date (and as to zero PSUs if the TSR Value equals less than two hundred percent (200%) of
the Baseline Value on such Measurement Date); and 

  
 A-1 

 ii. If such Measurement Date is the Year 3 Measurement Date or the Year 4
Measurement Date, the Target PSUs will become earned and vested as set forth in the following table (such table, the “PSU Vesting Table”): 
  

			
	 TSR Value at Measurement Date
	  	 Percent of Target PSUs Earned

and Vested

	TSR Value equals or exceeds 200% of Baseline Value:	  	200% of Target PSUs
	TSR Value equals or exceeds 100% of Baseline Value:	  	100% of Target PSUs
	TSR Value equals or exceeds 50% of Baseline Value:	  	50% of Target PSUs
	TSR Value is less than 50% of Baseline Value:	  	Zero PSUs

 b. Change in Control Measurement Date. If a Change in Control occurs while the Participant remains in
Service and prior to the Year 4 Measurement Date, then, notwithstanding Section 4(a) above, the date of the Change in Control shall constitute the final Measurement Date for purposes of measuring TSR Value and the following provisions shall
apply: 
 i. If such Change in Control precedes the Year 3 Measurement Date, then a number of PSUs determined in accordance
with and to the extent provided under the PSU Vesting Table based on the per share Change in Control transaction proceeds (as determined by the Committee in its sole discretion), rather than the Fair Market Value, shall be earned and shall vest and
become payable on the Year 3 Measurement Date, subject to and conditioned upon the Participant’s continued Service through such date, provided, that if, within two (2) years after the Change in Control (and prior to the Year 3
Measurement Date), the Participant experiences a Separation from Service due to a termination of the Participant’s employment by the Company without Cause or by the Participant for Good Reason (each such undefined, capitalized term as defined
in the Employment Agreement) and the Participant ceases upon such Separation from Service to provide any Services, then, subject to the Participant’s timely execution and non-revocation of a Release (as defined in the Employment Agreement) in
accordance with the terms and conditions of the Employment Agreement, the Target PSUs shall be earned 

  
 A-2 

 
and shall vest and become payable upon such Separation from Service in accordance with and to the extent provided under the PSU Vesting Table based on the per share Change in Control transaction
proceeds (as determined by the Committee in its sole discretion) rather than the Fair Market Value. 
 ii. If such Change in
Control occurs on or after the Year 3 Measurement Date, then a number of PSUs determined in accordance with and to the extent provided under the PSU Vesting Table based on the per share Change in Control transaction proceeds (as determined by the
Committee in its sole discretion) rather than the Fair Market Value shall be earned and shall vest and become payable on the date of such Change in Control. 

c. Interpolation. To the extent that the Company’s TSR performance as of any Measurement Date (other than the Year 2 Measurement
Date) falls between fifty percent (50%) and two hundred percent (200%), the number of PSUs earned as of such Measurement Date shall equal the actual TSR increase percentage (i.e., straight-line interpolation between fifty percent
(50%) and two hundred percent (200%)), rounded down to the nearest whole PSU. 
 d. Multiple Measurement Dates; Maximum Payout.
The number of PSUs that are earned and vested pursuant to this Agreement on any Measurement Date shall be reduced by the number of PSUs earned and vested on all prior Measurement Dates, such that there is no duplication of benefits based on the same
increase in TSR Value over the period commencing on the Grant Date. In no event shall more than two hundred percent (200%) of the Target PSUs vest and be earned, in the aggregate, under this Agreement. 

5. Dividend Equivalents. Each PSU granted hereunder is hereby granted in tandem with a corresponding Dividend Equivalent that shall
remain outstanding from the Grant Date through the earlier to occur of (a) the Termination Date applicable to the PSU to which such Dividend Equivalent corresponds, or (b) the delivery to the Participant of the shares of Stock (or other
payment) underlying the PSU to which such Dividend Equivalent corresponds. Each Dividend Equivalent (i) shall become payable if and when the PSU to which such Dividend Equivalent relates becomes earned and vested, and (ii) shall be paid in
cash, unless otherwise determined by the Committee to be paid in Stock or other property, at the time of settlement of the underlying PSU in an amount equal to the total dividends per share of Stock with applicable Dividend Dates occurring over the
period during which such Dividend Equivalent was outstanding. If the PSU linked to a Dividend Equivalent fails to become earned and vested and is forfeited for any reason, then (x) the linked Dividend Equivalent shall be forfeited on the
applicable Termination Date on which such PSU is forfeited, (y) any amounts otherwise payable in respect of such Dividend Equivalent shall be forfeited without payment, and (z) the Company shall have no further obligations in respect of
such Dividend Equivalent. The Participant shall not be entitled to any payment under a Dividend Equivalent with respect to any dividend with an applicable Dividend Date that occurs prior to the Grant Date or after the termination of such PSU for any
reason, whether due to payment, forfeiture of the PSU or otherwise. Dividend Equivalents and any amounts that may become distributable in respect thereof shall be treated separately from the PSUs and the rights arising in connection therewith for
purposes of the designation of time and form of payments required by Code Section 409A. 

  
 A-3 

 6. Termination of PSUs. PSUs (and their corresponding Dividend Equivalents) that have not
been earned and vested by the applicable Termination Date shall terminate in accordance with the “Termination of PSUs/Dividend Equivalents” provisions contained in the Grant Notice to which this Appendix A is attached. 

7. Payment. Payments in respect of any PSUs that are earned and vest in accordance herewith shall be made to the Participant (or in the
event of the Participant’s death, to his or her estate) in whole shares of Stock, unless otherwise determined by the Committee. Payments in respect of corresponding Dividend Equivalents shall be paid in the form in which the applicable
dividends were paid, unless otherwise determined by the Committee. The Company shall make such payments, subject to Section 20(b) below, as soon as practicable after the applicable Vesting Date, but in any event within thirty (30) days
after such Vesting Date, with the exact date determined in the sole discretion of the Committee. 
 8. Tax Withholding. The Company
or any Subsidiary 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 PSUs and/or the Dividend Equivalents. The Committee may, in its sole discretion and in satisfaction of the foregoing
requirement, allow the Participant to elect to have the Company withhold shares of Stock otherwise issuable under this Agreement (or allow the return of shares of Stock) having a Fair Market Value equal to the sums required to be withheld, provided,
that the number of shares of Stock which may be so withheld with respect to a taxable event arising in connection with the PSUs and/or the Dividend Equivalents shall be limited to the number of shares of Stock 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. 

9. Rights as Stockholder. Neither the Participant nor any person claiming under or through the Participant will have any of the rights
or privileges of a stockholder of the Company in respect of any shares of Stock deliverable hereunder unless and until such shares of Stock will have been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered to the Participant or any person claiming under or through the Participant. 
 10. Non-Transferability. The rights and
privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated by the Participant in any way in favor of any party other than the Company or a Subsidiary (whether by operation of law or otherwise) and shall not be subjected
to any lien, obligation or liability of the Participant to any party other than the Company or a Subsidiary, other than by the laws of descent and distribution. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or
otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale by the Participant under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby shall
immediately become null and void. Notwithstanding the foregoing, the Company may assign any of its rights under this Agreement to single or multiple assignees and this Agreement shall inure to the benefit of the successors and assigns of the
Company. 

  
 A-4 

 11. 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 Agreement unless and until the Committee has determined, with advice of counsel, 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 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 PSUs and/or Dividend Equivalents, 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 PSUs under this 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). 

12. Changes in Capital Structure; Adjustments. 

a. In the event of any stock dividend, stock split, reverse stock split, spin-off, combination or exchange of shares, merger, consolidation,
reorganization, recapitalization or other distribution (other than normal cash dividends) of Company assets to stockholders, an Equity Restructuring, or any other change affecting the shares of Stock or the share price of the Stock, the Committee
shall make equitable adjustments, if any, to PSUs granted hereby to reflect such change, taking into consideration accounting and tax consequences, with respect to (i) the number and kind of shares of Stock (or other securities or property)
subject to the PSUs, and/or (ii) the terms and conditions of the PSUs (including, without limitation, any applicable performance targets or criteria with respect thereto and/or, if the Committee deems appropriate, the substitution of similar
performance shares of, or other awards denominated in the shares of, another company). Notwithstanding the foregoing, no such adjustment or action shall be authorized to the extent such adjustment or action would result in short-swing profits
liability under Section 16 of the Exchange Act or violate the exemptive conditions of Rule 16b-3 of the Exchange Act unless the Committee determines that the PSUs are not to comply with such exemptive conditions. 

b. The existence of this Agreement and the PSUs and tandem Dividend Equivalents granted hereunder shall not affect or restrict in any way the
right or power of the 

  
 A-5 

 
Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any
merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Stock or the rights thereof or
which are convertible into or exchangeable for Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or
otherwise. 
 13. Notices. Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company
in care of the Secretary of the Company at the address given beneath the signature of the Company’s authorized officer on the Grant Notice, and any notice to be given to the Participant shall be addressed to the Participant at the address given
beneath the Participant’s signature on the Grant Notice. By a notice given pursuant to this Section 13, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given
when sent via email or when sent by certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 

14. No Effect on Service Relationship. Nothing in this Agreement shall confer upon the Participant any right to serve or continue to
serve as an employee, consultant, director or other service provider of the Company or any Subsidiary. 
 15. Severability. In the
event that any provision in this 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 Agreement,
which shall remain in full force and effect. 
 16. Tax Consultation. The Participant understands that he may suffer adverse tax
consequences in connection with the PSUs and/or the Dividend Equivalents granted pursuant to this Agreement. The Participant represents that the Participant has consulted with any tax consultants that he deems advisable in connection with the PSUs
and the Dividend Equivalents and that the Participant is not relying on the Company for tax advice. 
 17. Amendment. Except as
provided in Section 20 below, this Agreement may only be amended, modified or terminated by a writing executed by the Participant and by a duly authorized representative of the Company. 

18. Relationship to other Benefits. Neither the PSUs, nor the Dividend Equivalents, nor payment in respect of the foregoing shall be
taken into account in determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary. 

19. Fractional Shares. No fractional shares of Stock shall be issued under this Agreement and the Committee shall determine, in its
discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate. 

  
 A-6 

 20. Limitations Applicable to Section 16 Persons. Notwithstanding any other provision
of this Agreement, this Agreement and the PSUs and tandem Dividend Equivalents granted hereby shall, if the Participant is then subject to Section 16 of the Exchange Act, be subject to any additional limitations set forth in any applicable
exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 under the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement and
the PSUs and Dividend Equivalents granted hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

21. Code Section 409A. 

a. General. To the extent that the Committee determines that any PSUs and/or Dividend Equivalents may not be exempt from or compliant
with Code Section 409A, the Committee may amend this 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 (i) exempt the PSUs and/or Dividend Equivalents from Code Section 409A and/or preserve the intended tax treatment of the benefits provided with respect to the PSUs and/or Dividend Equivalents, or
(ii) comply with the requirements of Code Section 409A. To the extent applicable, this Agreement shall be interpreted in accordance with the provisions of Code Section 409A. Notwithstanding anything herein to the contrary, the
Participant expressly agrees and acknowledges that in the event that any taxes are imposed under Code Section 409A in respect of any compensation or benefits payable to the Participant, then (A) the payment of such taxes shall be
solely the Participant’s responsibility, (B) neither the Company nor any of its past or present directors, officers, employees or agents shall have any liability for any such taxes and (C) the Participant shall indemnify and hold
harmless, to the greatest extent permitted under law, each of the foregoing from and against any claims or liabilities that may arise in respect of any such taxes. 

b. Potential Six-Month Delay. Notwithstanding anything to the contrary in this Agreement, no shares of Stock (or other amounts) shall
be paid to the Participant during the 6-month period following the Participant’s “separation from service” (within the meaning of Code Section 409A, and Treasury Regulation Section 1.409A-1(h)) (“Separation from
Service”) to the extent that the Company determines that the Participant is a “specified employee” (within the meaning of Code Section 409A) at the time of such Separation from Service and that paying such amounts at the
time or times indicated in this Agreement would be a prohibited distribution under Code Section 409A(a)(2)(b)(i). If the payment of any such amounts is delayed as a result of the previous sentence, then on the first (1st) business day following the end of such six (6)-month period (or such earlier date upon which such amount can be paid under Code Section 409A without being subject to such additional
taxes), the Company shall pay to the Participant in a lump-sum all shares of Stock (or other amounts) that would have otherwise been payable to the Participant during such six (6)-month period under this Agreement. 

22. Clawback. The Participant acknowledges that the PSUs, Dividend Equivalents and shares of Stock issuable hereunder shall be subject
to any applicable compensation clawback policy of the Company applicable generally to similarly situated employees of the Company, as may be in effect from time to time. 

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

24. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of
this Agreement. 
 25. Conformity to Securities Laws. The Participant acknowledges that this Agreement is intended to conform to the
extent necessary with all provisions of the Securities Act of 1933, as amended, and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, and state securities laws and regulations.
Notwithstanding anything herein to the contrary, the Agreement shall be administered, and the PSUs are granted and the shares of Stock subject thereto may be issued only in such a manner as to conform to such laws, rules and regulations. To the
extent permitted by applicable law, this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

26. Definitions. For purposes of this Agreement, the terms below shall be defined as follows: 

a. “Baseline Price” means, Fair Market Value on the Grant Date. 

b. “Board” means the Board of Directors of the Company. 

c. “Change in Control” means: 

i. A transaction or series of transactions (other than an offering of Stock to the general public through a registration
statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any
of its Subsidiaries, an employee benefit plan maintained by the Company or any of its Subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the
Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of the
Company’s securities outstanding immediately after such acquisition; or 
 ii. During any twelve (12)-month period,
individuals who, at the beginning of such period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in
clauses (i) or (iii) hereof) whose election by the Board or nomination for election by the Company’s stockholders was approved by a 

  
 A-8 

 
vote of at least a majority of the directors then still in office who either were directors at the beginning of the twelve-month period or whose election or nomination for election was previously
so approved, cease for any reason to constitute a majority thereof; or 
 iii. The consummation by the Company (whether
directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all
of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 

A. Which results in the Company’s voting securities outstanding immediately before the transaction continuing to
represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or
substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting
power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 
 B. After which
no person or group beneficially owns voting securities representing 35% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (B) as
beneficially owning 35% or more of combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

iv. The Company’s stockholders approve a liquidation or dissolution of the Company. 

The Committee shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in
Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control and any incidental matters relating thereto. Notwithstanding anything herein to the contrary, if a Change in Control
constitutes a payment event with respect to any PSU which provides for a deferral of compensation that is subject to Code Section 409A, the transaction or event described in subsection (i), (ii), (iii) or (iv) must also constitute a
“change in control event,” as defined in Treasury Regulation §1.409A-3(i)(5), in order to constitute a Change in Control for purposes of payment of such PSU. 

d. “Code” means the Internal Revenue Code of 1986, as amended, together with the regulations and other official
guidance promulgated thereunder. 
 e. “Committee” means the Compensation Committee of the Board. 

  
 A-9 

 f. “Dividend Equivalents” means a right granted to the Participant
pursuant to Section 5 above to receive the equivalent value (in cash or Stock) of dividends paid on Stock. 
 g. “Dividend
Date” means, with respect to any dividend or other distribution made in respect of the Company’s Stock, the date preceding the ex-dividend date applicable to such dividend or other distribution. 

h. “Equity Restructuring” means a nonreciprocal transaction between the Company and its stockholders, such as a stock
dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of shares of Stock (or other securities of the Company) or the share price of Stock (or other
securities) and causes a change in the per share value of the Stock underlying the PSUs. 
 i. “Exchange Act” means
the Securities Exchange Act of 1934, as amended. 
 j. “Fair Market Value” means, as of any given date, the value of
a share of Stock determined as follows: 
 i. If the Stock is listed on any established stock exchange (such as the New York
Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market) or national market system, its Fair Market Value shall be the closing sales price for a share of Stock as quoted on such exchange or system for such date or, if there is
no closing sales price for a share of Stock on the date in question, the closing sales price for a share of Stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the
Committee deems reliable; 
 ii. If the Stock is not listed on an established stock exchange or national market system, but
the Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked prices for a share of Stock on such date, the high
bid and low asked prices for a share of Stock on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Committee deems reliable; or 

iii. If the Stock is neither listed on an established stock exchange or a national market system nor regularly quoted by a
recognized securities dealer, its Fair Market Value shall be established by the Committee in good faith. 
 k. “Measurement
Date” means (i) each of the Year 2 Measurement Date, the Year 3 Measurement Date and the Year 4 Measurement Date, and (ii) the date of any Change in Control occurring on or prior to the Year 4 Measurement Date and while the
Participant remains in Service. 
 l. “Service” means the Participant’s continued employment with the Company
and/or service on the Board and/or on the board of directors (or similar body) of any Subsidiary. 

  
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 m. “Stock” means the common stock of the Company, par value $0.01 per
share. 
 n. “Subsidiary” means any “subsidiary corporation” as defined in Section 424(f) of the Code
or any other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 

o. “TSR Value” means the sum of (i) (A) in the case of a non-Change in Control Measurement Date, the average
Fair Market Value of a share of Stock for the thirty (30)-trading-day period through and including the date on which TSR is being measured, or (B) in the case of Change in Control Measurement Date, the per share Change in Control transaction
proceeds (as determined by the Committee in its sole discretion), in either case, plus (ii) the aggregate dividends (including ordinary and special dividends) per share of Stock with a Dividend Date that occurs during the period beginning on
the Grant Date and continuing through and including the date on which TSR is being measured. For the avoidance of doubt, if the Company engages in a spin-off of any Subsidiary (or any substantially similar transaction), then TSR Value shall also
include (in addition to the Fair Market Value and dividends described above), for all purposes of the PSUs and any consideration received in respect thereof in connection with the spin-off or similar transaction, the fair market value of the equity
of the spin-off company plus the aggregate dividends (including ordinary and special dividends) paid by the spin-off company, each determined in accordance with the methodology applicable to Company Fair Market Value and dividend determinations, as
prescribed by this definition. 
 p. “Vesting Date” means, with respect to a PSU, the date on which the PSU is
earned and becomes vested in accordance with Section 4 above. 
 q. “Year 2 Measurement Date” means
December 9, 2016. 
 r. “Year 3 Measurement Date” means December 9, 2017. 

s. “Year 4 Measurement Date” means December 9, 2018. 

27. Entire Agreement. The Grant Notice and this Agreement constitute the entire agreement of the parties and supersede in their entirety all prior
undertakings and agreements of the Company and the Participant with respect to the subject matter hereof. 

  
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