Document:

EX-10.21

 Exhibit 10.21 

ARISTA NETWORKS, INC. 

EMPLOYEE INCENTIVE PLAN 

Adopted on April, 2014 
 1.
Purposes of the Plan. The Plan is intended to increase shareholder value and the success of the Company by motivating Employees to (a) perform to the best of their abilities, and (b) achieve the Company’s objectives. 

2. Definitions. 
 (a)
“Affiliate” means any corporation or other entity (including, but not limited to, partnerships and joint ventures) controlled by the Company. 

(b) “Actual Award” means as to any Performance Period, the actual award (if any) payable to a Participant for the
Performance Period, subject to the Committee’s authority under Section 3(d) to modify the award. 
 (c)
“Board” means the Board of Directors of the Company. 
 (d) “Bonus Pool” means the pool of funds available
for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period. 

(e) “Code” means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation
thereunder will include such section or regulation, any valid regulation promulgated thereunder, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation. 

(f) “Committee” means the committee appointed by the Board (pursuant to Section 5) to administer the Plan. Unless
and until the Board otherwise determines, the Board’s Compensation Committee will administer the Plan and be considered the Committee for purposes of the Plan. 

(g) “Company” means Arista Networks, Inc., a Delaware corporation, or any successor thereto. 

(h) “Employee” means any executive, officer, or key employee of the Company or of an Affiliate, whether such individual is so
employed at the time the Plan is adopted or becomes so employed subsequent to the adoption of the Plan. 
 (i)
“Participant” means as to any Performance Period, an Employee who has been selected by the Committee for participation in the Plan for that Performance Period. 

(j) “Performance Period” means the period of time for the measurement of the performance criteria that must be met to receive
an Actual Award, as determined by the Committee 

 
in its sole discretion. A Performance Period may be divided into one or more shorter periods if, for example, but not by way of limitation, the Committee desires to measure some performance
criteria over 12 months and other criteria over 3 months. 
 (k) “Plan” means this Employee Incentive Plan, as set forth in
this instrument (including any appendix attached hereto) and as hereafter amended from time to time. 
 (l) “Target
Award” means the target award, at 100% target level of achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b). 

3. Selection of Participants and Determination of Awards. 

(a) Selection of Participants. The Committee, in its sole discretion, will select the Employees who will be Participants for any
Performance Period. Participation in the Plan is in the sole discretion of the Committee, on a Performance Period by Performance Period basis. Accordingly, an Employee who is a Participant for a given Performance Period in no way is guaranteed or
assured of being selected for participation in any subsequent Performance Period or Periods. 
 (b) Determination of Target Awards.
The Committee, in its sole discretion, will establish a Target Award for each Participant, which may be a percentage of a Participant’s annual base salary as of the beginning or end of the Performance Period or a fixed dollar amount. 

(c) Bonus Pool. Each Performance Period, the Committee, in its sole discretion, will establish a Bonus Pool, which pool may be
established before, during or after the applicable Performance Period. Actual Awards will be paid from the Bonus Pool. 
 (d) Discretion
to Modify Awards. Notwithstanding any contrary provision of the Plan, the Committee may, in its sole discretion and at any time, (i) increase, reduce or eliminate a Participant’s Actual Award, and/or (ii) increase, reduce or
eliminate the amount allocated to the Bonus Pool. The Actual Award may be below, at or above the Target Award, in the Committee’s discretion. The Committee may determine the amount of any reduction on the basis of such factors as it deems
relevant, and will not be required to establish any allocation or weighting with respect to the factors it considers. 
 (e) Discretion
to Determine Criteria. Notwithstanding any contrary provision of the Plan, the Committee will, in its sole discretion, determine the performance goals applicable to any Target Award which may include, without limitation: (i) attainment of
research and development milestones, (ii) bookings, (iii) business divestitures and acquisitions, (iv) cash flow, (v) cash position, (vi) contract awards or backlog, (vii) customer quality and support;
(viii) customer-related measures, (ix) customer retention rates from an acquired company, business unit or division, (x) earnings (which may include earnings before interest, taxes, depreciation and amortization, earnings before taxes
and net earnings), (xi) earnings per share, (xii) expenses, (xiii) gross margin, (xiv) growth in stockholder value relative to the moving average of the S&P 500 Index or another index, (xv) internal rate of return,
(xvi) inventory turns, (xvii) inventory levels, 

  
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(xviii) market share, (xix) net income, (xx) net profit, (xxi) net sales, (xxii) new product development, (xxiii) new product invention or innovation, (xxiv) number
of customers, (xxv) operating cash flow, (xxvi) operating expenses, (xxvii) operating income, (xxviii) operating margin, (xxix) overhead or other expense reduction, (xxx) product defect measures, (xxxi) product
innovation, (xxxii) product release timelines, (xxxiii) product quality, (xxxiv) productivity, (xxxv) profit, (xxxvi) return on assets, (xxxvii) return on capital, (xxxviii) return on equity, (xxxix) return on
investment, (xl) return on sales, (xli) revenue, (xlii) revenue growth, (xliii) sales results, (xliv) sales growth, (xlv) stock price, (xlvi) time to market, (xlvii) total stockholder return,
(xlviii) working capital, and (xlvix) individual objectives such as MBOs, peer reviews or other subjective or objective criteria. As determined by the Committee, the performance goals may be based on GAAP or Non-GAAP results and any actual
results may be adjusted by the Committee for one-time items, unbudgeted or unexpected items and/or payments of Actual Awards under the Plan when determining whether the performance goals have been met. The goals may be on the basis of any factors
the Committee determines relevant, and may be on an individual, divisional, business unit or Company-wide basis. The performance goals may differ from Participant to Participant and from award to award. Failure to meet the goals will result in a
failure to earn the Target Award, except as provided in Section 3(d). 
 4. Payment of Awards. 

(a) Right to Receive Payment. Each Actual Award will be paid solely from the general assets of the Company. Nothing in this Plan will
be construed to create a trust or to establish or evidence any Participant’s claim of any right other than as an unsecured general creditor with respect to any payment to which he or she may be entitled. 

(b) Timing of Payment. To receive an Actual Award a Participant must be employed by the Company or any Affiliate on the date the Actual
Award is paid. Accordingly, an Actual Award is not considered earned until paid. 
 It is the intent that this Plan be exempt from, or
comply with, the requirements of Code Section 409A so that none of the payments to be provided hereunder will be subject to the additional tax imposed under Code Section 409A, and any ambiguities herein will be interpreted to so comply.
Each payment under this Plan is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). 

(c) Form of Payment. Each Actual Award will be paid in cash (or its equivalent) in a single lump sum. 

5. Plan Administration. 

(a) Committee is the Administrator. The Plan will be administered by the Committee. The Committee will consist of not less than two
(2) members of the Board. The members of the Committee will be appointed from time to time by, and serve at the pleasure of, the Board. 

  
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 (b) Committee Authority. It will be the duty of the Committee to administer the Plan in
accordance with the Plan’s provisions. The Committee will have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not limited to, the power to (i) determine which
Employees will be granted awards, (ii) prescribe the terms and conditions of awards, (iii) interpret the Plan and the awards, (iv) adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan
by Employees who are foreign nationals or employed outside of the United States, (v) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and (vi) interpret, amend or revoke any such
rules. 
 (c) Decisions Binding. All determinations and decisions made by the Committee, the Board, and any delegate of the Committee
pursuant to the provisions of the Plan will be final, conclusive, and binding on all persons, and will be given the maximum deference permitted by law. 

(d) Delegation by Committee. The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all
or part of its authority and powers under the Plan to one or more directors and/or officers of the Company. 
 (e)
Indemnification. Each person who is or will have been a member of the Committee will be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon or reasonably
incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any award,
and (ii) from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he
or she will give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification will not be exclusive of any other
rights of indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold
them harmless. 
 6. General Provisions. 

(a) Tax Withholding. The Company will withhold all applicable taxes from any Actual Award, including any federal, state and local taxes
(including, but not limited to, the Participant’s FICA and SDI obligations). 
 (b) No Effect on Employment or Service. Nothing
in the Plan will interfere with or limit in any way the right of the Company to terminate any Participant’s employment or service at any time, with or without cause. Employment with the Company and its Affiliates is on an at-will basis only.
The Company expressly reserves the right, which may be exercised at any time and without regard to when during a Performance Period such exercise occurs, to terminate any individual’s employment with or without cause, and to treat him or her
without regard to the effect that such treatment might have upon him or her as a Participant. 

  
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 (c) Participation. No Employee will have the right to be selected to receive an award
under this Plan, or, having been so selected, to be selected to receive a future award. 
 (d) Successors. All obligations of the
Company under the Plan, with respect to awards granted hereunder, will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business or assets of the Company. 
 (e) Nontransferability of Awards. No award granted under the Plan may
be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will, by the laws of descent and distribution, or to the limited extent provided in Section 6(e). All rights with respect to an award granted to a
Participant will be available during his or her lifetime only to the Participant. 
 7. Amendment, Termination, and Duration. 

(a) Amendment, Suspension, or Termination. The Committee, in its sole discretion, may amend or terminate the Plan, or any part thereof,
at any time and for any reason. The amendment, suspension or termination of the Plan will not, without the consent of the Participant, alter or impair any rights or obligations under any Actual Award theretofore earned by such Participant. No award
may be granted during any period of suspension or after termination of the Plan. 
 (b) Duration of Plan. The Plan will commence on
the date specified herein, and subject to Section 7(a) (regarding the Board’s right to amend or terminate the Plan), will remain in effect until terminated. 

8. Legal Construction. 

(a) Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also will include the feminine;
the plural will include the singular and the singular will include the plural. 
 (b) Severability. In the event any provision of the
Plan will be held illegal or invalid for any reason, the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provision had not been included. 

(c) Requirements of Law. The granting of awards under the Plan will be subject to all applicable laws, rules and regulations, and to
such approvals by any governmental agencies or national securities exchanges as may be required. 
 (d) Governing Law. The Plan and
all awards will be construed in accordance with and governed by the laws of the State of California, but without regard to its conflict of law provisions. 

  
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 (e) Bonus Plan. The Plan is intended to be a “bonus program” as defined under
U.S. Department of Labor regulation 2510.3-2(c) and will be construed and administered in accordance with such intention. 
 (f)
Captions. Captions are provided herein for convenience only, and will not serve as a basis for interpretation or construction of the Plan. 

  
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 Exhibit 10.1 

TERMINATION, SETTLEMENT AND NET REVENUES SHARING
AGREEMENT 
 This TERMINATION, SETTLEMENT AND NET REVENUE SHARING AGREEMENT (this “Agreement”) is
entered into effective as of January 1, 2014, by and among KAISER EAGLE MOUNTAIN, LLC, a Delaware limited liability company (“KEM”), LAKE TAMARISK DEVELOPMENT, LLC (“LT”), CIL&D, LLC
(“CILD”), and MINE RECLAMATION, LLC, a California limited liability company (“MRLLC”). KEM, LT, CILD, and MRLLC are each sometimes individually referred to in this Agreement as a
“Party” or collectively as “Parties”. 
 RECITALS 

A. The assets of KEM relate to the site commonly referred to as Eagle Mountain, which is located in Riverside County, California. KEM
currently owns or controls certain real property and interests therein at Eagle Mountain and in certain adjacent properties, rights or interests related to Eagle Mountain including the Eagle Mountain Railroad as more specifically described in
EXHIBIT “A” attached hereto and incorporated herein by this reference (the “Eagle Mountain Real Property”). In addition, KEM owns or controls tangible and intangible personal property located
at or benefiting the Real Property (the “Eagle Mountain Personal Property”). The Eagle Mountain Real Property and the Eagle Mountain Personal Property are referred to collectively in this Agreement as the “Eagle Mountain
Assets.” 
 B. The assets of LT are certain real property located in or near the community of Lake Tamarisk which is located
in Riverside County as more specifically described in EXHIBIT “B” attached hereto and incorporated herein by this reference (the “LT Property”). The Eagle Mountain Assets and the LT Property
are collectively referred to herein as the “Riverside County Assets.” 
 C. The Riverside County Assets are all of the real
and personal property owned by KEM and by LT. 
 D. CILD owns all of the ownership interest in KEM and in LT (collective the
“Subsidiary Ownership Interests.” Except for cash, investments and insurance policies, CILD’s remaining material assets are the Subsidiary Ownership Interests. 

E. CILD is a company in dissolution. Accordingly, CILD’s remaining business is to manage and dispose of its remaining assets, make
provision for its liabilities as required by applicable law, to wind-up its business and affairs and to dissolve. As a part of the dissolution of CILD, pursuant to the terms of the Second Amended and Restated Operating Agreement of CILD adopted on
May 22, 2013, the units (i.e. ownership interests) in CILD may not be transferred except by will, intestate succession and operation of law. In addition, in certain instances an estate may pledge units as security for a loan to pay estate and
inheritance taxes and the expenses of administering the estate. 
 F. It is the goal of CILD to sell the Subsidiary Units and/or for
KEM and LT to sell, lease or otherwise dispose of the Riverside County Assets in order to generate Gross Revenues as that term is defined below. 

G. MRLLC (or its predecessor Mine Reclamation, Inc.) has been seeking to permit and develop a rail-haul landfill on a portion of the
Eagle Mountain Real Property (the “Landfill Project”). 

  
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 H. MRLLC’s assets currently primarily consist of (i) that certain Real Estate
Option Agreement (as amended) dated May 26, 2000, by and between Kaiser Eagle Mountain, Inc. (the predecessor of KEM) and Mine Reclamation Corporation (the predecessor of MRLLC) (the “MRC Option”); (ii) that certain Lease
(as amended) between Mine Reclamation Corporation and Kaiser Eagle Mountain, Inc. (now KEM) dated November 30, 1988 (the “MRC Lease”) which MRLLC is currently in default under the terms of the MRC Lease; and (iii) various
permits the Landfill Project (collectively the “MRLLC Assets”). 
 I. On or about August 9, 2000, MRLLC
predecessor, Mine Reclamation Corporation and Los Angeles County Sanitation District No. 2 (“LACSD”) entered into an Agreement for Purchase and Sale of Real Property and Related Personal Property in Regard to The Eagle Mountain
Landfill Project and Joint Escrow Instructions (the “Landfill Project Purchase and Sale Agreement”). 
 J. The
Landfill Project has been the subject of extensive litigation. Federal litigation involving the Landfill Project was adverse to the Landfill Project. 

K. On October 30, 2011, MRLLC filed a voluntary chapter 11 bankruptcy petition in the United States Bankruptcy Court for the
Central District of California, Riverside Division (the “Bankruptcy Court”), Case Number 11-43596 (the “Bankruptcy Case”). 

L. On August 14, 2013, the Bankruptcy Court dismissed the Bankruptcy Case and also approved that certain Termination Agreement,
Joint Escrow Instructions and Mutual Release among MRLLC, KEM, CILD and LACSD with an effective date of August 14, 2013 (the “Termination Agreement”). The Termination Agreement provides, among other things, that the Landfill
Project Purchase and Sale Agreement is terminated and a settlement of all claims that LACSD may or could have against MRLLC, KEM and CILD and all claims that MRLLC, KEM and CILD may have against LACSD. 

M. As a result of the adverse federal litigation involving the Landfill Project, the termination of the Landfill Project Purchase and
Sale Agreement, and for other reasons, MRLLC has determined that it is in the best interests of MRLLC to wind down and minimize its operations in exchange for an interest in the Net Revenues as defined below allowing, CILD, KEM and LT to seek
opportunities for the Riverside County Assets including, but not limited to, mining, development of a smaller landfill on lands not involved in the federal litigation, energy projects such as solar, hydro-electric and/or wind, sale of mitigation
lands that may be currently owned or acquired in the future by KEM and/or LT and an rv development with the goal of ultimately selling the Riverside County Assets. 

N. The Parties desire to enter into this Agreement, pursuant to which: (i) the MRC Option shall be terminated; (ii) the MRC
Lease Agreement shall be terminated; (iii) the Parties agree to settle any claims they may have, if any, against each other, except as may arise in the future from the breach of this Agreement; and (iv) provide for a sharing of any future
Net Revenues, as that term is defined below, from the sale of the Riverside County assets or from the sale of CILD’s ownership interest in LT and/or KEM. 

AGREEMENT 

NOW, THEREFORE, for and in consideration of the mutual promises and covenants contained herein, and for other good and valuable
consideration, the Parties hereto agree as follows: 

  
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 1. INCORPORATION OF RECITALS. The Parties
acknowledge that the above Recitals are true and correct and the definitions provided in the above Recitals are hereby incorporated into and made a part of this Agreement. 

2. DEFINITIONS. In addition to the terms defined in the above Recitals and
capitalized terms hereinafter defined, for purposes of this Agreement the terms set forth below shall have the following meanings: 

2.1 “EFFECTIVE DATE” shall mean January, 1 2014. 

2.2 “GROSS REVENUES” shall mean the gross value of all
actual monetary consideration or (including insurance proceeds) or stock or other similar securities actually received and collected from the sale, lease or other disposition of any of the Riverside County Assets and/or the Subsidiary Ownership
Interests. Gross Revenues includes, but is not limited to, cash payments, installment payments, note payments, and royalty payments as such payments are actually collected. In addition, if CILD, KEM or LT, should borrow funds for the purpose of
making a distribution to their respective owners/members, the net amount borrowed in such instance shall be deemed to be Gross Revenues for purposes of this Agreement. 

2.3 “INVESTMENT/CAPITALIZED COSTS” shall mean those costs
incurred by KEM or LT as applicable that are not expensed and shall include, but not are limited to, certain permitting costs or capital improvements. 

2.4 “NET REVENUES” shall mean Gross Revenues less the cumulative amount
of all Operating Costs, Transaction Costs and Investment or Capitalized Costs from and after the Effective Date to the date of the collection of the Gross Revenues that have not been previously recouped by KEM, LT or CILD, as applicable, as a result
of a previous sale, lease or disposition of any of the Riverside County Assets and/or the Subsidiary Units. 
 2.5
“OPERATING COSTS” shall mean the amount of all costs incurred as a result of the ownership, control, maintenance, operation and administration of the Riverside County Assets and the
Subsidiary Ownership Interests and any business conducted thereon and shall include, but are not limited to all property taxes, real property assessments, utility costs, personnel costs, consulting fees, insurance costs, attorneys’ fees, fuel
costs, repairs, and a fair allocated portion of general overhead costs for personnel associated with accounting, management, consulting and other similar functions. General overhead costs do not include those overhead costs directly associated with
the dissolution of CILD. 
 2.6 “TRANSACTION COSTS” shall
mean all costs incurred that are directly related to the sale, lease, or other disposition of any or all of the Riverside County Assets and/or the Subsidiary Ownership Interests include and shall include, but are not limited to, commissions, fees,
attorneys’ fees, consulting fees, closing costs, title insurance premiums, overnight courier costs, etc. 
 3.
TERMINATION OF MRC LEASE AND MRC OPTION. KEM, CILD and MRLLC agree that the MRC Lease and the MRC Option are hereby terminated, and KEM, CILD and MRLLC shall have no
legal rights or obligations, past, present, or future, originating or deriving from the MRC Lease or the MRC Option. MRLLC shall execute and deliver to KEM a quit claim deed or deeds and such other documents as may be necessary or appropriate from
time to time to evidence the termination of the MRC Lease Agreement. 
 4. ADVANCE OF COSTS;
COMMENCEMENT DATE FOR DETERMINATION OF REVENUES AND EXPENSES. KEM or LT, as applicable, shall advance and pay
or otherwise arrange 

  
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for the advancement and payment of Operating Costs, Transaction Costs and Investment/Capital Costs incurred from and after the Effective Date with respect to the Riverside County Assets and CILD
for the Subsidiary Ownership Interests to the extent they respectively have reasonably available funds. The determination of Gross Revenues, Operating Costs, Transaction Costs and Investment/Capital Costs resulting in a determination of Net
Revenues shall commence as of the Effective Date. 
 5. SHARING OF NET
REVENUES. Commencing with the Effective Date, after repayment of any amount due CILD or any other lender as provided in Section 6 below, MRLLC shall receive and be paid 53.3% of the Net Revenues and KEM, LT
and/or CILD, as applicable, shall receive and be paid 46.7% of the Net Revenues. In the event of the sale of the Subsidiary Ownership Interests, such sale shall be deemed a sale of the underlying assets of the company for which the Subsidiary
Ownership Interests were sold for purposes of calculating Net Revenues. MRLLC’s share of any Net Revenues, except for Net Revenues in excess of $500,000, shall be paid to MRLLC within sixty (60) days following the completion of each
calendar quarter. However, if the amount of Net Revenues as a result of transaction for the sale, lease or other disposition of any Riverside County Asset or the sale of the Subsidiary Ownership Interests would be in excess of $500,000, the payment
of MRLLC’s share of the Net Revenues shall be made within fifteen (15) days following the receipt of the Gross Revenues that would generate Net Revenues in excess of $500,000. At the time of any distribution to MRLCC of any Net Revenues,
MRLLC then current Board of Managers shall be furnished with a statement for such calendar quarter showing the Gross Revenues, and the cumulative Operating Costs, Transaction Costs, and Investment/Capitalized Costs incurred during the applicable
calendar quarter as well as the cumulative amount of Operating Costs, Transaction Costs and Investment/Capitalized Cost from the Effective Date, less any amounts recouped by the sale, lease or other disposition of the Riverside County Assets or the
CILD Ownership Interests, and well as any Net Revenues and the calculation thereof. 
 6. REPAYMENT OF
AMOUNTS DUE CILD. As of the date of the date of this Agreement, MRLLC owes CILD Five Hundred Thousand Dollars and No Cents ($500,000.00) (with MRLLC currently having a cash balance of $1,458 in its accounts as of
January 31, 2014) which is represented by that certain promissory note given by MRLLC to CILD dated August 1, 2013. In addition, from time to time after the effective date of this Agreement additional funds may need to be borrowed by and
advanced to MRLLC for its direct expenses such as tax return and K-1 preparation costs, the cost to maintain MRLLC as a legal entity, etc. and such borrowing as is reasonably necessary is approved by this Agreement. MRLLC shall first repay in full
the principal and interest due CILD or any other lender from its share of any Net Revenues. 
 7. RELATIONSHIP
OF THE PARTIES AND MANAGEMENT OF THE RIVERSIDE ASSETS AND SUBSIDIARY
OWNERSHIP INTERESTS. The Parties hereto understand and agree that this Agreement does not and shall not be construed as creating a partnership or a joint venture among or between any of the Parties.
However, to the extent that any Net Revenues are due MRLLC, MRLLC shall be a creditor of KEM, LT and/or CILD, as applicable. In addition, CILD is a creditor of MRLLC as provided herein. KEM and LT represent and warrant to MRLLC that there are
currently no third-party financial liens secured by the Riverside County Assets and that currently they have no indebtedness for borrowed funds or other material liabilities except in any case for: (i) property taxes and assessments that arise
by operation of law due to nonpayment; and (ii) certain current or contingent financial obligations that currently exist that are directly tied to the Riverside County Assets as described in Schedule 7 attached to this Agreement. CILD
represents and warrants that there are currently no third-party financial liens on the Subsidiary Units and that currently it has no indebtedness for borrowed funds or other material liabilities except as described in Schedule 7 attached to this
Agreement. KEM and LT covenant and agree that they will not borrow funds or place any voluntary financial lien on the Riverside County Assets and CILD 

  
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covenants and agrees not to borrow or place any voluntary lien on the Subsidiary Units unless any such borrowing and/or lien should be: (i) expressly subordinated to the rights of MRLLC
under the terms of this Agreement; (ii) to secure funds for the payment of Operating Costs or Transaction Costs; (iii) for any other purpose except for distributions to the members of the borrower in an amount not to exceed $2,000,000; or
(iv) with the consent of a majority of the members of the MRLLC Board not affiliated with CILD, KEM or LT. CILD, KEM and LT shall each have complete authority and discretion to deal with their respective assets, liabilities and obligations and
to enter into a sale, lease or other disposition of any of their respective assets upon such terms and conditions as they may determine in their sole and reasonable discretion. In addition, it is acknowledged and agreed that MRLLC will only have
minimal activities such as the receipt of any Net Revenues, making any distributions to its members and filing any necessary tax returns. 

8. FEDERAL LAND EXCHANGE. MRLLC hereby delegates and assigns to all rights
it may have with regard to developing and implementing a strategy to resolve outstanding issues involving that certain land exchange completed between KEM and the U.S. Bureau of Land Management (“BLM”) in 1999 (the “Land
Exchange”) and in the federal litigation surrounding the Land Exchange including, but not limited to the settlement of the Land Exchange Litigation on such terms and conditions and KEM may determine in its sole and reasonable discretion.

 9. GENERAL RELEASE BY MRLLC. Except for the obligations arising under this Agreement
and except as otherwise expressly provided in this Agreement, on the Effective Date of this Agreement, MRLLC hereby forever mutually and generally releases and discharges KEM, LT, and CILD and each of their respective, agents, managers, directors,
officers, employees, attorneys, members, predecessors, successors, subsidiaries, affiliates, and representatives from any and all causes of action, actions, judgments, liens, indebtedness, damages, losses, claims, claims for relief, liabilities and
demands of every kind and character arising in connection with any matter whatsoever, whether known, or unknown, suspected or unsuspected, existing or prospective which have accrued from the beginning of time to the Effective Date including, but not
limited to, all claims arising from the MRC Lease Agreement and the MRC Option, the transactions contemplated therein, and actions or omissions related thereto or in connection with the pursuit of the Landfill Project. 

10. GENERAL RELEASE BY KEM, LTD AND CILD. Except for the obligations
arising under this Agreement and except as otherwise expressly provided in this Agreement, on the Effective Date of this Agreement, KEM, LT and CILD hereby forever mutually and generally release and discharge MRLLC and each of its, agents, managers,
directors officers, employees, attorneys, predecessors, successors, subsidiaries, affiliates, and representatives from any and all causes of action, actions, judgments, liens, indebtedness, damages, losses, claims, claims for relief, liabilities and
demands of every kind and character arising in connection with any matter whatsoever, whether known, or unknown, suspected or unsuspected, existing or prospective which have accrued from the beginning of time to the Effective Date including, but not
limited to, all claims arising from the MRC Lease Agreement and the MRC Option, the transactions contemplated therein, and actions or omissions related thereto or in connection with the pursuit of the Landfill Project. 

11. WAIVER OF CALIFORNIA CIVIL CODE
SECTION 1542. Except for the obligations arising under this Agreement and except as otherwise expressly provided in this Agreement, on the Effective Date of this Agreement, the Parties expressly waive and relinquish any and
all rights and benefits of section 1542 of the California Civil Code, 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 

  
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known by him or her must have materially affected his or her settlement with the debtor. 

Notwithstanding the provisions of section 1542, the Parties expressly acknowledge this Agreement is intended to release claims they do not know
or suspect to exist in their favor at the time of the execution of this Agreement except as expressly provided in this Agreement. The Parties further acknowledge that they later may discover facts different from or in addition to those they now know
or believe to be true regarding the matters released or described in this Agreement, and even so they agree that the releases and agreements contained in this Agreement shall remain effective in all respects notwithstanding any later discovery of
any different or additional facts. The Parties expressly assume any and all risk of any mistake in connection with the true facts involved in the matters, disputes, or controversies released or described in this Agreement or with regard to any facts
now unknown to them relating thereto. The Parties warrant that they have read the Agreement, including this waiver of California Civil Code section 1542, and that they have consulted with or had the opportunity to consult with counsel of their
choosing about the Agreement and specifically about the waiver of section 1542, and that they understand this Agreement and the section 1542 waiver, and so the Parties freely and knowingly enter into this Agreement. 

12. GENERAL PROVISIONS REGARDING THE RELEASES. 

12.1 The Parties each warrant that no other person or entity has claimed or now claims any interest in the claims released and
resolved by means of this Agreement, that they have the sole right and exclusive authority to execute this Agreement and to tender the consideration provided for herein, and that they have not sold, assigned or otherwise set over to any other person
or entity, any claim, lien, demand, cause of action, obligation, damage or liability covered hereby. 
 12.2 This Agreement is
the product of bargained for, arm’s length negotiations among the Parties and shall not be construed for or against any Party or its representative(s) because that Party or that Party’s legal representative drafted such provision. 

13. DIRECT MRLLC EXPENSES CONTINUE TO BE PAYABLE
BY MRLLC. MRLLC acknowledges and understands that it continues to be responsible for the payment of costs directly incurred by MRLLC such as the cost of preparing annual tax returns, any taxes, filing fees and other amounts that
may be due as a result of the continued existence of MRLLC. 
 14. Termination of Agreement. This Agreement shall terminate upon:
(i) the sale or other transfer of the Riverside County Assets and/or the Subsidiary Units and no further Net Revenues are to be distributed under the terms of this Agreement; or (ii) upon the written consent of the Parties hereto with the
consent of a majority of the members of the MRLLC Board not affiliated with CILD, KEM or LT. For example, if the Subsidiary Units are sold to a third-party and the full purchase price is received at closing and the respective distributions of are
made to the Parties, as applicable, as provided in this Agreement this Agreement shall be automatically terminated. However, in this example if the Subsidiary Units are sold and there is deferred payment of a portion of the purchase price
represented by a promissory note, this Agreement shall remain in effect until the payment of the promissory note in full and distributions are made, as applicable, to the Parties. 

15. MISCELLANEOUS PROVISIONS. 

15.1 BOOKS AND RECORDS. KEM, LT and CILD shall
maintain proper books and records of account in the ordinary course of their respective business and such records as they related to Net Revenues and the component parts of calculating Net Revenues shall available for inspection and copying for a
proper purpose by MRLLC or its designated representatives during 

  
 6 

 
KEM’s, LT’s and/or CILD’s normal business hours upon no less than three (3) business days prior written notice. The expense of inspection and copying shall be borne by the
individual or entity undertaking the inspection and copying. 
 15.2 WAIVER. No
Party shall be deemed to have waived any right which such Party has under this Agreement, unless this Agreement expressly provides a period of time within which such right may be exercised and such time period has expired, or unless such Party has
expressly waived the same in writing or unless this Agreement specifies that a waiver shall be deemed to have occurred. Any failure on the part of any Party hereto to comply with any of its obligations, agreements or conditions hereunder may be
waived in writing by the Party to whom such compliance is owed. The waiver by any Party of a right, claim, default, by the other Party shall not be deemed a waiver of any other right, claim or default or any subsequent default of the same kind. 

15.3 GOVERNING LAW. This Agreement shall be governed by, and
interpreted in accordance with, the laws of the State of California, without regard to the conflict of law principles thereof. 
 15.4
BINDING EFFECT. This Agreement shall be binding upon the Parties hereto and inure to the benefit of the Parties, their respective successors and assigns. 

15.5 ENTIRE AGREEMENT. This Agreement, the Exhibits hereto and this
Agreements implementing documents the constitute the entire agreement of the Parties covering everything agreed upon or understood with respect to this Agreement and the consummation of the transactions contemplated hereby. This Agreement may not be
amended or modified except by a written document executed by all of the Parties. 
 15.6 MEMORANDUM OF
AGREEMENT. A memorandum of this Agreement shall be prepared and signed by the Parties, notarized, and recorded in Riverside County, California. In addition, an appropriate UCC financing statement
shall be recorded with the California Secretary of State and, if applicable, Riverside County, California. 
 15.7
HEADINGS. The headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit, extend or interpret the scope of this Agreement or of any particular paragraph.

 15.8 NOTICES. Any notices, demands or other communications required or
permitted to be given by any provision of this Agreement or which any Party may desire to give the other shall be given in writing, delivered personally or sent by certified mail, postage pre-paid, facsimile, or by Federal Express or similar
generally recognized delivery service regularly providing proof of delivery, addressed to a Party, at the addresses set forth below, or to such other address as said Party may hereafter or from time to time designate by written notice to the other
Party. A copy of any notice, demand or other communication given to or by either Party shall be given to the other Party at the same time. Notice by United States Postal Service or delivery service as provided herein shall be considered given on the
earlier of the date on which said notice is actually received by the Party to whom such notice is addressed, or as of the date of delivery, whether accepted or refused, established by the United States Postal service return receipt or such overnight
carrier’s proof of delivery, as the case may be. Any such notice given by facsimile shall be deemed given upon receipt of the same by the Party to which it is addressed; provided, however, any facsimile sent after 4:00 p.m.
(California time) shall be deemed received on the next succeeding business day. 

  
 7 

			
	 To KEM:
	  	WITH A COPY TO:
		
	 KAISER EAGLE MOUNTAIN, LLC
	  	KAISER EAGLE MOUNTAIN, LLC
	 337 N. Vineyard Ave., 4th Floor
	  	337 N. Vineyard, 4th Floor
	 Ontario, CA 91764
	  	Ontario, CA 91764
	 Attn.: Richard E. Stoddard
	  	Attn.: Terry Cook
	 Telephone: 909.483.8501
	  	Telephone: 909.483.8511
	 Facsimile: 909.944.6605
	  	Facsimile: 909.944.6605
		
	 TO MRLLC:
	  	WITH A COPY TO:
		
	 MINE RECLAMATION, LLC
	  	MINE RECLAMATION, LLC
	 337 N. Vineyard Ave., 4th Floor
	  	 Separately provided

	 Ontario, CA 91764
	  	
	 Attn.: Richard E. Stoddard
	  	
	 Telephone: 909.483.8501
	  	Telephone: XXX.XXX.XXX
	 Facsimile: 909.944.6605
	  	Facsimile: N/A

  

			
	 To LT:
	  	WITH A COPY TO:
		
	 LAKE TAMARISK DEVELOPMENT, LLC
	  	LAKE TAMARISK DEVELOPMENT, LLC
	 337 N. Vineyard Ave., 4th Floor
	  	337 N. Vineyard, 4th Floor
	 Ontario, CA 91764
	  	Ontario, CA 91764
	 Attn.: Richard E. Stoddard
	  	Attn.: Terry Cook
	 Telephone: 909.483.8501
	  	Telephone: 909.483.8511
	 Facsimile: 909.944.6605
	  	Facsimile: 909.944.6605
		
	 To CIL&D, LLC:
	  	WITH A COPY TO:
		
	 337 N. Vineyard Ave., 4th Floor
	  	337 N. Vineyard, 4th Floor
	 Ontario, CA 91764
	  	Ontario, CA 91764
	 Attn.: Richard E. Stoddard
	  	Attn.: Terry Cook
	 Telephone: 909.483.8501
	  	Telephone: 909.483.8511
	 Facsimile: 909.944.6605
	  	Facsimile: 909.944.6605

 14.9 SEVERABILITY. If any term or other provision of
this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions completed hereby are fulfilled to the extent possible. 

14.10 ATTORNEYS’ AND OTHER FEES.
Should any Party institute any action or proceeding to enforce or interpret this Agreement or any provision hereof, for a declaration of rights hereunder, the prevailing Party in any such action or proceeding shall be entitled to receive from
the other Party all costs and expenses, including reasonable attorneys’ and other fees, incurred by the prevailing Party in connection with such action or proceeding. The term “attorneys’ and other fees” shall mean and include
attorneys’ fees, accountants’ fees, and any and all other similar fees incurred in connection with the action or proceeding and preparation therefore. The term “action or proceeding” shall mean and include actions, proceedings,
suits, arbitrations, appeals and other similar proceedings. 

  
 8 

 14.11 FURTHER ACTS. The Parties hereto
shall take such reasonable further steps and sign such further documents as may be required from time to time to carry out the intent and purposes of this Agreement including, but not limited to, the execution and delivery by the appropriate Party
or Parties such agreements, deeds, termination agreements, notices, consents, instruments, and other documents necessary or appropriate to carry out the intent and purposes of this Agreement. 

14.12 COUNTERPARTS. This Agreement may be executed in counterparts, each of which
when executed shall be deemed an original, but when taken together shall constitute one and the same instrument. Facsimile signatures on this Agreement are acceptable, provided that original signatures are presented to the parties promptly
thereafter. 
 IN WITNESS WHEREOF, the Parties have executed this Agreement to be effective as of the day and year first above
written notwithstanding the actual date of signature. 
  

									
	“CILD”	 		 	“LT”
	CIL&D, LLC	 		 	LAKE TAMARISK DEVELOPMENT, LLC
					
	By:	 	 /s/ Richard E. Stoddard
	 		 	By:	 	 /s/ Terry L. Cook

		 	 Richard E. Stoddard
	 		 		 	 Terry L. Cook

									
					
	Title:	 	Managing Liquidation Director	 		 	Title:	 	Vice President

									
			
	“KEM”	 		 	“MRLLC”
	KAISER EAGLE MOUNTAIN, LLC	 		 	MINE RECLAMATION, LLC
					
	By:	 	 /s/ Terry L. Cook
	 		 	By:	 	 /s/ Richard E. Stoddard

		 	 Terry L. Cook
	 		 		 	 Richard E. Stoddard

									
					
	Title:	 	Vice President	 		 	Title:	 	President

  
 9

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