Document:

EX-10.2

 Exhibit 10.2 

REVOLVING LINE OF CREDIT NOTE 
  

			
	$10,000,000.00	  	 Portland, Oregon

September 1, 2016

 FOR VALUE RECEIVED, the undersigned CORVEL CORPORATION (“Borrower”) promises to pay to the order of
WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”) at its office at MAC P6101-250, 1300 SW 5th Avenue, 25th Floor, Portland, Oregon
97201, or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of Ten Million Dollars ($10,000,000.00), or so much thereof as may be advanced
and be outstanding pursuant to the terms of the Credit Agreement, as defined herein, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein. 

DEFINITIONS: 
 As used herein, the following
terms shall have the meanings set forth after each, and any other term defined in this Note shall have the meaning set forth at the place defined: 

(a) “Daily One Month LIBOR” means, for any day, the rate of interest equal to LIBOR then in effect for delivery for a one (1) month
period. 
 (b) “LIBOR” means (i) for the purpose of calculating effective rates of interest for loans making reference to LIBOR
Periods, the rate of interest per annum determined by Bank based on the rate for United States dollar deposits for delivery on the first day of each LIBOR Period for a period approximately equal to such LIBOR Period as published by the ICE Benchmark
Administration Limited, a United Kingdom company, at approximately 11:00 a.m., London time, two London Business Days prior to the first day of such LIBOR Period (or if not so published, then as determined by Bank from another recognized source or
interbank quotation), or (ii) for the purpose of calculating effective rates of interest for loans making reference to Daily One Month LIBOR, the rate of interest per annum determined by Bank based on the rate for United States dollar deposits for
delivery of funds for one (1) month as published by the ICE Benchmark Administration Limited, a United Kingdom company, at approximately 11:00 a.m., London time, or, for any day not a London Business Day, the immediately preceding London Business
Day (or if not so published, then as determined by Bank from another recognized source or interbank quotation); provided, however, that if LIBOR determined as provided above would be less than zero percent (0.0%), then LIBOR shall be deemed to be
zero percent (0.0%). 
 (c) “LIBOR Period” means a period commencing on a New York Business Day and continuing for three (3)
months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that (i) no LIBOR Period may be selected for a principal amount less
than One Hundred Thousand Dollars ($100,000.00), (ii) if the day after the end of any LIBOR Period is not a New York Business Day (so that a new LIBOR Period could not be selected by Borrower to start on such day), then such LIBOR Period shall
continue up to, but shall not include, the next New York Business Day after the end of such LIBOR Period, unless the result of such extension would be to cause any immediately following LIBOR Period to begin in the next calendar month in which event
the LIBOR Period shall continue up to, but shall not include, the New York Business Day immediately preceding the last day of such LIBOR Period, and (iii) no LIBOR Period shall extend beyond the scheduled maturity date hereof. 

  
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 (d) “London Business Day” means any day that is a day for trading by and between banks
in dollar deposits in the London interbank market. 
 (e) “New York Business Day” means any day except a Saturday, Sunday or any
other day on which commercial banks in New York are authorized or required by law to close. 
 (f) “State Business Day” means any
day except a Saturday, Sunday or any other day on which commercial banks in the jurisdiction described in “Governing Law” herein are authorized or required by law to close. 

INTEREST: 
 (a) Interest. The outstanding
principal balance of this Note shall bear interest (computed on the basis of a 360-day year, actual days elapsed) either (i) at a fluctuating rate per annum determined by Bank to be one percent (1.00%) above Daily One Month LIBOR in effect from time
to time, or (ii) at a fixed rate per annum determined by Bank to be one percent (1.00%) above LIBOR in effect on the first day of the applicable LIBOR Period. Bank is hereby authorized to note the date, principal amount and interest rate applicable
thereto and any payments made thereon on Bank’s books and records (either manually or by electronic entry) and/or on any schedule attached to this Note, which notations shall be prima facie evidence of the accuracy of the information noted.

 (b) Selection of Interest Rate Options. Subject to the provisions herein regarding LIBOR Periods and the prior notice required for
the selection of a LIBOR interest rate, (i) at any time any portion of this Note bears interest determined in relation to LIBOR for a LIBOR Period, it may be continued by Borrower at the end of the LIBOR Period applicable thereto so that all or a
portion thereof bears interest determined in relation to Daily One Month LIBOR or to LIBOR for a new LIBOR Period designated by Borrower, (ii) at any time any portion of this Note bears interest determined in relation to Daily One Month LIBOR,
Borrower may convert all or a portion thereof so that it bears interest determined in relation to LIBOR for a LIBOR Period designated by Borrower, and (iii) at the time an advance is made hereunder, Borrower may choose to have all or a portion
thereof bear interest determined in relation to Daily One Month LIBOR or to LIBOR for a LIBOR Period designated by Borrower. 
 To select an interest rate
option hereunder determined in relation to LIBOR for a LIBOR Period, Borrower shall give Bank notice thereof that is received by Bank prior to 11:00 a.m. in the jurisdiction described in “Governing Law” herein on a State Business Day at
least two State Business Days prior to the first day of the LIBOR Period, or at a later time during such State Business Day if Bank, at its sole discretion, accepts Borrower’s notice and quotes a fixed rate to Borrower. Such notice shall
specify: (A) the interest rate option selected by Borrower, (B) the principal amount subject thereto, and (C) for each LIBOR selection, the length of the applicable LIBOR Period. If Bank has not received such notice in accordance with the foregoing
before an advance is made hereunder or before the end of any LIBOR Period, Borrower shall be deemed to have made a Daily One Month LIBOR interest selection for such advance or the principal amount to which such LIBOR Period applied. Any such notice
may be given by telephone (or such other electronic method as Bank may permit) so long as it is given in accordance with the foregoing and, with respect to each LIBOR selection, if requested by Bank, Borrower provides to Bank written confirmation
thereof not later than three State Business Days after such notice is 

  
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given. Borrower shall reimburse Bank immediately upon demand for any loss or expense (including any loss or expense incurred by reason of the liquidation or redeployment of funds obtained to fund
or maintain a LIBOR borrowing) incurred by Bank as a result of the failure of Borrower to accept or complete a LIBOR borrowing hereunder after making a request therefor. Any reasonable determination of such amounts by Bank shall be conclusive and
binding upon Borrower. Should more than one person or entity sign this Note as a Borrower, any notice required above may be given by any one Borrower acting alone, which notice shall be binding on all other Borrowers. 

(c) Taxes and Regulatory Costs. Borrower shall pay to Bank immediately upon demand, in addition to any other amounts due or to become
due hereunder, any and all (i) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority and related in any manner to LIBOR, and (ii) costs,
expenses and liabilities arising from or in connection with reserve percentages prescribed by the Board of Governors of the Federal Reserve System (or any successor) for “Eurocurrency Liabilities” (as defined in Regulation D of the Federal
Reserve Board, as amended), assessment rates imposed by the Federal Deposit Insurance Corporation, or similar requirements or costs imposed by any domestic or foreign governmental authority or resulting from compliance by Bank with any request or
directive (whether or not having the force of law) from any central bank or other governmental authority and related in any manner to LIBOR. In determining which of the foregoing are attributable to any LIBOR option available to Borrower hereunder,
any reasonable allocation made by Bank among its operations shall be conclusive and binding upon Borrower. 
 (d) Default Interest.
From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option
of Bank, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate
of interest from time to time applicable to this Note. 
 BORROWING AND REPAYMENT: 

(a) Borrowing and Repayment of Principal. Borrower may from time to time during the term of this Note borrow, partially or wholly repay
its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions of this Note and of any document executed in connection with or governing this Note; provided however, that the total outstanding borrowings under this
Note shall not at any time exceed the principal amount stated above. The unpaid principal balance of this obligation at any time shall be the total amounts advanced hereunder by the holder hereof less the amount of principal payments made hereon by
or for Borrower, which balance may be endorsed hereon from time to time by the holder. The outstanding principal balance of this Note shall be due and payable in full on September 1, 2017. 

(b) Payment of Interest. Interest accrued on this Note shall be payable on the first day of each month, commencing October 1,
2016. 
 (c) Advances. Advances hereunder, to the total amount of the principal sum stated above, may be made by the holder at the
oral or written request of (i) RICHARD J. SCHWEPPE or JENNIFER YOSS, any one acting alone, who are authorized to request advances and direct 

  
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the disposition of any advances until written notice of the revocation of such authority is received by the holder at the office designated above, or (ii) any person, with respect to advances
deposited to the credit of any deposit account of Borrower, which advances, when so deposited, shall be conclusively presumed to have been made to or for the benefit of Borrower regardless of the fact that persons other than those authorized to
request advances may have authority to draw against such account. The holder shall have no obligation to determine whether any person requesting an advance is or has been authorized by Borrower. 

(d) Application of Payments. Each payment made on this Note shall be credited first, to any interest then due and second, to the
outstanding principal balance hereof. All payments credited to principal shall be applied first, to the outstanding principal balance of this Note which bears interest determined in relation to Daily One Month LIBOR, if any, and second, to the
outstanding principal balance of this Note which bears interest determined in relation to LIBOR, with such payments applied to the oldest LIBOR Period first. 

PREPAYMENT: 
 (a) Daily One Month LIBOR.
Borrower may prepay principal on any portion of this Note which bears interest determined in relation to the Daily One Month LIBOR rate at any time, in any amount and without penalty. 

(b) LIBOR. Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time
and in the minimum amount of One Hundred Thousand Dollars ($100,000.00); provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding
principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the LIBOR Period applicable thereto by
acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such LIBOR Period matures, calculated
as follows for each such month: 
  

	 	(i)	Determine the amount of interest which would have accrued each month on the amount prepaid at the interest rate applicable to such amount had it remained outstanding until the last day of the LIBOR Period
applicable thereto. 

  

	 	(ii)	Subtract from the amount determined in (i) above the amount of interest which would have accrued for the same month on the amount prepaid for the remaining term of such LIBOR Period at LIBOR in effect on the date
of prepayment for new loans made for such term and in a principal amount equal to the amount prepaid. 

  

	 	(iii)	If the result obtained in (ii) for any month is greater than zero, discount that difference by LIBOR used in (ii) above. 

Borrower acknowledges that prepayment of such amount may result in Bank incurring additional costs, expenses and/or liabilities, and that it is difficult to
ascertain the full extent of such costs, expenses and/or liabilities. Borrower, therefore, agrees to pay the above-described prepayment fee and agrees that said amount represents a reasonable estimate of the prepayment costs, expenses and/or
liabilities of Bank. If Borrower fails to pay any prepayment fee when due, the amount of such prepayment fee shall thereafter bear interest until paid at a rate per annum two percent (2.00%) above the Daily One Month LIBOR rate in effect from time
to time (computed on the basis of a 360-day year, actual days elapsed). 
 (c) Application of Prepayments. If principal under this
Note is payable in more than one installment, then any prepayments of principal shall be applied to the most remote principal installment or installments then unpaid. 

  
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 EVENTS OF DEFAULT: 

This Note is made pursuant to and is subject to the terms and conditions of that certain Credit Agreement between Borrower and Bank dated as of
May 28, 2009, as amended from time to time (the “Credit Agreement”). Any default in the payment or performance of any obligation under this Note, or any defined event of default under the Credit Agreement, shall constitute an “Event
of Default” under this Note. 
 MISCELLANEOUS: 

(a) Remedies. Upon the sale, transfer, hypothecation, assignment or other encumbrance, whether voluntary, involuntary or by operation of
law, of all or any interest in any real property securing this Note, if any, or upon the occurrence of any Event of Default, the holder of this Note, at the holder’s option, may declare all sums of principal and interest outstanding hereunder
to be immediately due and payable without presentment, demand, notice of nonperformance, notice of protest, protest or notice of dishonor, all of which are expressly waived by Borrower, and the obligation, if any, of the holder to extend any further
credit hereunder shall immediately cease and terminate. Borrower shall pay to the holder immediately upon demand the full amount of all payments, advances, charges, costs and expenses, including reasonable attorneys’ fees (to include outside
counsel fees and all allocated costs of the holder’s in-house counsel), expended or incurred by the holder in connection with the enforcement of the holder’s rights and/or the collection of any amounts which become due to the holder under
this Note whether or not suit is brought, and the prosecution or defense of any action in any way related to this Note, including without limitation, any action for declaratory relief, whether incurred at the trial or appellate level, in an
arbitration proceeding or otherwise, and including any of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation, any adversary proceeding, contested matter or motion brought by Bank or any other person)
relating to Borrower or any other person or entity. 
 (b) Obligations Joint and Several. Should more than one person or entity sign
this Note as a Borrower, the obligations of each such Borrower shall be joint and several. 
 (c) Governing Law. This Note shall be
governed by and construed in accordance with the laws of Oregon, but giving effect to federal laws applicable to national banks, without reference to the conflicts of law or choice of law principles thereof. 

UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY
OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 

  
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 IN WITNESS WHEREOF, the undersigned has executed this Note as of the date first written above.

  

			
	CORVEL CORPORATION
		
	By:	 	 /s/ Richard Schweppe

		
	Title:	 	 Chief Financial Officer

  
 -6-EX-10.1

 Exhibit 10.1 

August 31, 2016 
 BY HAND DELIVERY 

James Robert Rusche 
 18 Brigham Road 

Framingham, MA 01701 
  

	Re:	Amended and Restated Transitional Services and Separation Agreement 

 Dear Jim, 

This Amended and Restated Transitional Services and Separation Agreement (the “Agreement”) confirms that you and Repligen Corporation
(“Repligen” or the “Company”) have reached an amicable decision for you to first transition from your role as Senior Vice President, Research and Development to the role of Senior Advisor to the Company on September 1, 2016,
and then for your employment relationship with the Company to end on Feb. 28, 2017, unless you or the Company elects to end your employment on an earlier date in accordance with this Agreement. For purposes of this Agreement, the actual last day of
your employment shall be referred to as the “Separation Date.” This Agreement amends, restates and supersedes in all respects the Transitional Services and Separation Agreement between you and the Company dated April 29, 2016 (the
“Former Agreement”). 
 The terms and conditions of the arrangement are as follows: 

Final Agreement; Restrictive Covenants 
 If signed
and not revoked, this Agreement will become the final binding agreement between you and the Company and will fully supersede other agreements or understandings between you and the Company relating to the terms and conditions of your employment,
including without limitation, the Former Agreement, and, for the avoidance of doubt, the employment letter agreement between you and the Company dated March 13, 1996 (the “Employment Agreement”), which was already superseded by the
Former Agreement; provided that your obligations under the following agreements shall remain in full force and effect: (i) the Confidentiality, Non-Solicitation, and Patent Agreement signed by you on June 26, 2013 (the
“Restrictive Covenant Agreement”), as modified by the Former Agreement and restated by this Agreement and (ii) the Equity Documents (as defined below). In the interest of clarity, the terms of the Restrictive Covenant Agreement and
Equity Documents remain in effect regardless of whether you enter into this Agreement. Your obligations under the Restrictive Covenant Agreement include without limitation your obligation not to disclose or use Confidential Information, to return
Company Documentation (as each of those terms is defined in the Restrictive Covenant Agreement) prior to the Separation Date, and to refrain from soliciting Company employees and consultants for 12 months after the Separation Date. You agree that
the amendments to the Restrictive Covenant Agreement, as restated in Section 8 and which became effective when you signed the Former Agreement, will remain in effect. 

 James Robert Rusche 

August 31, 2016 
  Page
 2
 
  

 Current Role 

You will continue in your current role as Senior Vice President, Research and Development until September 1, 2016 (the “Transition Date”). From
the date of this Agreement through the Transition Date, you will be entitled to your regular compensation and employee benefits in effect as of the date of this Agreement. 

Transition Period 
 On the Transition Date you will
cease to serve as Senior Vice President, Research and Development and, instead, will serve as a Senior Advisor to the Company through Feb. 28, 2017, unless your employment is earlier terminated (the “Transition Period”). You agree to work
cooperatively with the Company’s management team in performance of your duties hereunder, and to abide by the terms of this Agreement and the terms of the Restrictive Covenant Agreement, as modified herein. 

Resignation from Director and Officer Positions 

You confirm that you are resigning from any and all other positions that you hold with the Company (other than the position of Senior Advisor as applicable) or
any of its affiliates as an officer, board member, or otherwise effective on the Transition Date, and you shall sign any documents that the Company reasonably requests to fully effectuate the resignations. 

Title/Duties and Responsibilities During the Transition Period 

As a Senior Advisor, you agree to perform special projects as requested by the Chief Executive Officer of the Company (the “CEO”). For the avoidance
of doubt, nothing herein shall limit the CEO’s discretion with respect to the nature of the work you perform, the number of hours you work or the location of the services you perform. 

Employee Compensation 

Salary and Bonus. Until the Separation Date, you shall continue to receive a base salary at the rate of $317,220.02 per year,
payable in installments on the Company’s payroll dates, and receive employee benefits in effect as of the date of this Agreement. You will be eligible for a bonus for 2016, based on a target of 40% of your salary, pro-rated based on the
Transition Date of September 1, 2016. In the interest of clarity, you (or your estate) will be eligible for such pro-rated bonus for 2016 if your employment ends due to your death or disability after the Transition Date but before Feb. 28,
2017. Any bonus will be paid by March 15, 2017. You will not be eligible for any bonus or vacation accrual with respect to any period of your employment in 2017. 

Continued Vesting; Accelerated Vesting. You shall continue to vest in your outstanding equity grants consistent with the terms
and conditions of the Company’s 2012 Stock Option and Incentive Plan, applicable stock option agreements and applicable restricted stock 

 James Robert Rusche 

August 31, 2016 
  Page
 3
 
  

 
unit award agreements (collectively the “Equity Documents”) as an employee through the earlier of (i) the Separation Date and (ii) December 31, 2016 (in either earlier
case, the “Vesting End Date”). Notwithstanding anything to the contrary in the Equity Documents, and subject to the Acceleration Conditions (as defined below), on the Separation Date the Company will accelerate vesting of 50% of your
unvested shares as of the Vesting End Date under the applicable stock option agreements and 50% of your unvested restricted stock units as of the Vesting End Date under applicable restricted stock unit award agreements (the
“Acceleration”). Your current vested and unvested stock options and restricted stock unit awards are summarized on Exhibit A attached hereto and you acknowledge and agree that the summary is correct. Any portion of your stock
options that is not exercisable on the Separation Date and any portion of your restricted stock unit awards that is not vested on the Separation Date, for any reason, shall terminate immediately as of the Separation Date and be null and void and of
no further force and effect. 
 The Acceleration is subject to your not having been found to have materially breached this Agreement, including the
Restrictive Covenant Agreement as modified herein, and on your execution of the Certificate Updating Release of Claims in the form attached as Exhibit B (the “Certificate,” and such conditions, the “Acceleration Conditions”).

 Health Coverage. If at any time during the Transition Period you become ineligible for active employee health coverage, and if you
elect and remain eligible for COBRA, the Company shall pay the same portion of premiums that it pays for active employees for the same level of group health care coverage as in effect on the Transition Date until the earlier of (i) the
Separation Date or (ii) the end of your eligibility under COBRA. In such event, you will be responsible for paying the remaining portion of the premiums for such coverage, and you authorize the deduction of the portion for which you are
responsible from your pay during the Transition Period. 
 401(k) Plan. Your repayment of your 401(k) loan will continue to be
handled via deductions from your paycheck, including any severance pay, unless you choose otherwise. For information on your 401(k) plan including distributions, further information on the repayment of your 401(k) loan, and rollover provisions,
please contact Fidelity. 
 No Other Compensation. You acknowledge and agree that (i) you will not be entitled to accrue
paid time off during the Transition Period; and (ii) you will not be entitled to any other compensation through the Separation Date, except as specifically set forth in this Agreement. 

Severance Pay in the Event of a Termination without Cause 

If the Company terminates your employment without Cause after the Transition Date but prior to Feb. 28, 2017, the Company shall pay to you an
amount equal to your base salary at the rate then in effect, in equal installments on the Company’s payroll dates, from the Separation Date through Feb. 28, 2017. 

 James Robert Rusche 

August 31, 2016 
  Page
 4
 
  

 If you resign from employment at any time, the Company terminates your employment for Cause
at any time, or your employment ends due to your death or disability, you will be paid only through the last day of your employment and you will not be eligible for severance pay. 

For the purposes of this Agreement, “Cause” shall mean any of the following: (i) embezzlement, misappropriation of assets or
property of the Company; (ii) gross negligence, theft, fraud, or breach of fiduciary duty to the Company; (iii) violation of federal or state securities laws; (iv) material breach of this Agreement or the Restrictive Covenant
Agreement; or (v) the conviction of a felony, or any crime involving moral turpitude, including a plea of guilty or nolo contendre. If any of the foregoing grounds for Cause is curable, the Company shall provide you with 30 days’
written notice to cure the asserted grounds for Cause. If the grounds is not curable, a for Cause termination shall be effective on the date specified in the Company’s written notice. 

Modification of Restrictive Covenant Agreement 
 As
a condition of this Agreement, the Restrictive Covenant Agreement is hereby modified by replacing Section 3 of the Restrictive Covenant Agreement in its entirety with the following: 

During your employment with the Company and for 12 months thereafter, regardless of the reason for the termination, you (i) will not,
directly or indirectly, whether as owner, partner, shareholder, consultant, agent, employee, co-venturer or otherwise, engage, participate, assist or invest in any Competing Business (as hereinafter defined); (ii) will refrain from directly or
indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person to leave employment with the Company (other than terminations of employment of subordinate employees undertaken in the course of your
employment with the Company); and (iii) will refrain from soliciting or encouraging any customer or supplier to terminate or otherwise modify adversely its business relationship with the Company. You understand that the restrictions set forth
herein are intended to protect the Company’s interest in its Confidential Information and established employee, customer and supplier relationships and goodwill, and agree that such restrictions are reasonable and appropriate for this purpose.
For purposes of this Agreement, the term “Competing Business” shall mean a business conducted anywhere in the United States and Sweden which is competitive with any business which the Company or any of its affiliates conducts or proposes
to conduct at any time during your employment, including, without limitation, the development and manufacturing of bioprocessing products for life science companies and biopharmaceutical manufacturing companies. Notwithstanding the foregoing, you
may own up to one percent (1%) of the outstanding stock of a publicly held corporation which constitutes or is affiliated with a Competing Business. Notwithstanding the foregoing, you may contact Tony J. Hunt or his successor (the
“President and CEO”) to obtain advance written consent to engage in Competing Business, which consent shall not unreasonably be withheld, and you may engage in such Competing Business provided, and to the extent that, the President and CEO
provides such advance written consent. 

 James Robert Rusche 

August 31, 2016 
  Page
 5
 
  

 You acknowledge and reaffirm that, except as specifically modified in this Section 8, the remaining
provisions Restrictive Covenant Agreement shall continue to be in full force and effect. The Restrictive Covenant Agreement, as modified by this Section 8, is incorporated herein by reference. 

Nondisparagement 
 You agree not to make any
disparaging statements (whether written, oral, through social or electronic media or otherwise) concerning the Company or any of its affiliates or current officers, directors, employees or managers that would likely affect any of their personal or
professional reputations or interests. You also agree not to make negative comments about your employment with the Company or the ending of your employment relationship. Nothing herein shall prohibit you from communicating freely with your attorneys
or accountants for legitimate business reasons or prohibit you from testifying truthfully in any legal proceeding or from providing truthful information in response to a request from a governmental agency. For the avoidance of doubt, nothing in this
Agreement shall be interpreted or applied to prohibit you from making any good faith report to any governmental agency or other governmental entity concerning any act or omission that you reasonably believe constitutes a possible violation of
federal or state law or making other disclosures that are protected under the anti-retaliation or whistleblower provisions of applicable federal or state law or regulation. 

Defend Trade Secrets Act Notice; Whistleblowing and Other Protected Disclosures. 

You understand that pursuant to the Defend Trade Secrets Act of 2016, you shall not be held criminally or civilly liable under any federal or
state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of
reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

You understand that nothing contained in this Agreement, including the Restrictive Covenant Agreement, limits your ability to file a charge or
complaint with any federal, state or local governmental agency or commission (“Government Agencies”). You further understand that neither this Agreement nor the Restrictive Covenant Agreement limits your ability to communicate with any
Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, in each case without any requirement to provide notice to the
Company. Neither this Agreement nor the Restrictive Covenant Agreement limits your right to receive an award for information provided to any Government Agency. 

Tax Treatment 
 The Company shall undertake to make
deductions, withholdings and tax reports with respect to payments and benefits under this Agreement to the extent that it reasonably and in good faith determines that it is required to make such deductions, withholdings and tax reports. Payments

 James Robert Rusche 

August 31, 2016 
  Page
 6
 
  

 
under this Agreement are stated in gross amounts and shall be paid in amounts net of any such deductions or withholdings. Nothing in this Agreement shall be construed to require the Company to
make any payments to compensate you for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit. 

Release of Your Claims 
 In consideration for,
among other terms, the payments, benefits and opportunities described in this Agreement, you hereby agree to personally release and forever discharge the Company, its affiliated and related entities, its and their respective predecessors, successors
and assigns, its and their respective employee benefit plans and fiduciaries of such plans, and the current and former officers, directors, shareholders, employees, attorneys, accountants and agents of each of the foregoing in their official and
personal capacities (collectively referred to as the “Releasees”) generally from all claims, demands, debts, damages and liabilities of every name and nature, known or unknown (“Claims”) that, as of the date when you sign this
Agreement, you have, ever had, now claim to have, or ever claimed to have had against any or all of the Releasees. This release includes, without limitation, all Claims: 

relating to your employment by and the decision to terminate your employment with the Company; 

of wrongful discharge; 
 of breach
of contract, including without limitation, breach of the Employment Agreement; 
 of retaliation or discrimination under federal, state or
local law (including, without limitation, Claims of discrimination or retaliation, Americans with Disabilities Act, Title VII of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act of 1967 (“ADEA”)); 

under any other federal or state statute; 

of defamation or other torts; 
 of
violation of public policy; 
 for wages, bonuses, incentive compensation, commissions, stock, stock options, vacation pay or any other
compensation or benefits including, without limitation, pursuant to the Massachusetts Wage Act; and 
 for damages or other remedies of any
sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and attorney’s fees; 
 provided, however, that
this release shall not affect, waive or release your rights under this Agreement. 

 James Robert Rusche 

August 31, 2016 
  Page
 7
 
  

 Future Cooperation 

You agree to cooperate reasonably with the Company (including its outside counsel) in connection with the contemplation, prosecution and defense of all phases
of existing, past and future litigation about which the Company believes you may have knowledge or information, including without limitation the matter captioned In re: Certain Recombinant Factor VIII Products, USITC Investigation
No. 337-TA-956, in which Repligen was served with certain non-party subpoenas and Mr. Rusche provided deposition testimony as Repligen’s corporate representative. You agree to make yourself available during and outside of regular
business hours for such cooperation; provided that the Company shall not utilize this paragraph to require you to make yourself available to an extent that would unreasonably interfere with any subsequent employment responsibilities
that you may have. You agree to appear without the necessity of a subpoena to testify truthfully in any legal proceedings in which the Company calls you as a witness. In connection with fulfilling your obligations under this Section your
pre-approved, out of pocket and reasonable expenses will be reimbursed by the Company and you will be compensated for your reasonable time spent at the rate of $200 per hour. 

At-will Employment 
 Notwithstanding anything to
the contrary herein, from the date of this Agreement through the Separation Date, you will continue to be an at-will employee subject to the terms of this Agreement. 

Effect of a Breach 
 In the event that you have
been found to have materially breached this Agreement (including the Restrictive Covenant Agreement, as modified herein), in addition to any other legal or equitable remedies it may have for such breach, the Company shall have the right to terminate
your employment for Cause. Any such consequences of a breach by you will not affect the release or your continuing obligations under this Agreement. 

Legal Representation 
 This Agreement is a legally
binding document and your signature will commit you to its terms. You acknowledge that you have been advised to discuss all aspects of this Agreement with your attorney, that you have in fact done so, that you have carefully read and fully
understand all of the provisions of this Agreement, and that you are voluntarily entering into this Agreement. 
 Absence of Reliance 

In signing this Agreement, you are not relying upon any promises or representations made by anyone at or on behalf of the Company. 

 James Robert Rusche 

August 31, 2016 
  Page
 8
 
  

 Enforceability 

If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section of this Agreement) shall to any extent be
declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable,
shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 

Waiver 
 No waiver of any provision of this
Agreement shall be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall
not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 Enforcement 

Jurisdiction. You and the Company hereby agree that the courts of the Commonwealth of Massachusetts shall have the exclusive
jurisdiction to consider any matters related to this Agreement, including without limitation any claim for violation of this Agreement. With respect to any such court action, you (i) submit to the jurisdiction of such courts, (ii) consent
to service of process, and (iii) waive any other requirement (whether imposed by statute, rule of court or otherwise) with respect to personal jurisdiction or venue. 

Relief. You agree that it would be difficult to measure any harm caused to the Company that might result from any material
breach by you of your promises set forth in this Agreement and that in any event money damages would be an inadequate remedy for any such breach. Accordingly, you agree that if you breach, or propose to breach, any portion of your obligations, the
Company may be entitled, in addition to all other remedies it may have, to an injunction or other appropriate equitable relief to restrain any such breach, without showing or proving any actual damage to the Company and without the necessity of
posting a bond and to reasonable attorneys associated with enforcing this Agreement. 
 Governing Law; Interpretation 

This Agreement shall be interpreted and enforced under the laws of the Commonwealth of Massachusetts, without regard to conflict of law principles. In the
event of any dispute, this Agreement is intended by the parties to be construed as a whole, to be interpreted in accordance with its fair meaning, and not to be construed strictly for or against either you or the Company or the “drafter”
of all or any portion of this Agreement. 

 James Robert Rusche 

August 31, 2016 
  Page
 9
 
  

 Entire Agreement and Time to Consider 

This Agreement (including exhibits) along with the Restrictive Covenant Agreement, as modified herein, and the Equity Documents constitute the entire agreement
between you and the Company with respect to the subject matter herein. This Agreement supersedes any previous agreements, understandings or communications between you and the Company with respect to the subject matter herein, including without
limitation the Employment Agreement and the Former Agreement. 
 You acknowledge that you were given the opportunity to consider the Former Agreement for
twenty-one (21) days from the date the Former Agreement was proposed to you (the “Consideration Period”). The Company proposed this Agreement in place of the Former Agreement following discussions between the parties. You agree that
the presentation of this Agreement does not restart the 21-day Consideration Period, and that to accept this Agreement, you must return a signed, unmodified original of this Agreement so that it is received by me on or before five (5) days from
the date of this letter. You have seven (7) days from the day you enter into this Agreement to revoke it (the “Revocation Period”). To revoke this Agreement, you must provide a written notice so that it is received by me on or before
the last day of the Revocation Period. Provided that you do not revoke this Agreement during the Revocation Period, this Agreement shall become effective on the first business day following the Revocation Period (the “Effective Date”).
Notwithstanding the foregoing, the Company may withdraw the offer of this Agreement if you engage in conduct that is contrary to the obligations in this Agreement or the interests of the Company. 

Counterparts 
 This Agreement may be executed in
any number of counterparts, each of which when so executed and delivered shall be taken to be an original, but all of which together shall constitute one and the same document. Facsimile and pdf signatures shall be deemed to have the same legal
effect as originals. 
 Please indicate your agreement to the terms of this Agreement by signing and returning to me the original of this letter within the
Consideration Period. 
 [Remainder of Page Intentionally Left Blank] 

							
	Very truly yours,	 		 	
			
	REPLIGEN CORPORATION	 		 	
				
	By:	 	 /s/ Tony J. Hunt
	 		 	  

		 	Tony J. Hunt	 		 	Date: August 31, 2016
		 	President and CEO	 		 	
			
	The foregoing is agreed to and accepted by:	 		 	
			
	 /s/ James Robert Rusche
	 		 	  

	James Robert Rusche	 		 	Date: August 31, 2016

 Signature Page to Transitional Services and Separation Agreement 

 Exhibit A 

J. Rusche – Equity 
  

																													
	Grant Date	  	Type	  	Granted	 	  	Exercisable	 	  	Unvested	 	  	Total
Options	 	  	Exercise
Price	 	  	Exp Date	 	  	Vest
Yrs
	 07/15/10
	  	ISO	  	 	25,000	  	  	 	25,000	  	  	 	0	  	  	 	25,000	  	  	$	3.33	  	  	 	07/15/20	  	  	5
	 02/28/13
	  	ISO	  	 	40,000	  	  	 	30,000	  	  	 	10,000	  	  	 	40,000	  	  	$	6.23	  	  	 	02/28/23	  	  	4
	 02/27/14
	  	ISO	  	 	3,969	  	  	 	2,646	  	  	 	1,323	  	  	 	3,969	  	  	$	15.91	  	  	 	02/27/24	  	  	3
	 02/27/14
	  	NQ	  	 	8,758	  	  	 	5,839	  	  	 	2,919	  	  	 	8,758	  	  	$	15.91	  	  	 	02/27/24	  	  	3
	 02/27/14
	  	RSU	  	 	6,644	  	  				  	 	2,215	  	  				  				  	 	02/27/24	  	  	3
	 02/26/15
	  	ISO	  	 	4,626	  	  	 	635	  	  	 	3,991	  	  	 	4,626	  	  	$	26.20	  	  	 	02/26/25	  	  	3
	 02/26/15
	  	NQ	  	 	5,441	  	  	 	2,721	  	  	 	2,720	  	  	 	5,441	  	  	$	26.20	  	  	 	02/26/25	  	  	3
	 02/26/15
	  	RSU	  	 	5,229	  	  				  	 	3,486	  	  				  				  	 	02/26/25	  	  	3
	 02/26/16
	  	ISO	  	 	3,761	  	  	 	0	  	  	 	3,761	  	  	 	3,761	  	  	$	26.05	  	  	 	02/26/26	  	  	3
	 02/26/16
	  	NQ	  	 	6,134	  	  	 	0	  	  	 	6,134	  	  	 	6,134	  	  	$	26.05	  	  	 	02/26/26	  	  	3
	 02/26/16
	  	RSU	  	 	5,086	  	  				  	 	5,086	  	  				  				  	 	02/26/26	  	  	3

 Exhibit B 

CERTIFICATE UPDATING RELEASE OF CLAIMS 

I, James Robert Rusche, hereby acknowledge and certify that I entered into an Amended and Restated Transitional Services and Separation
Agreement (the “Agreement”) with Repligen Corporation, a Delaware corporation (the “Company”), dated August 31, 2016 (the “Agreement”). Pursuant to the Agreement, I am required to execute this certificate, which
updates the release of claims set forth in Section 12 of the Agreement (this “Certificate”) in order to be eligible to receive the Acceleration (as defined in the Agreement). I will execute this Certificate on the Separation Date.

  

	 	1.	A copy of this Certificate was attached to the Agreement as Exhibit B. 

  

	 	2.	In consideration for the Acceleration set forth in Section 6(b) of the Agreement, for which I become eligible only if I sign this Certificate, I hereby extend the release of claims set forth in Section 11 of
the Agreement to any and all claims that arose after the date I signed the Agreement through the date I signed this Certificate, subject to all other exclusions and terms set forth in the Agreement. 

 

	 	3.	I have carefully read and fully understand all of the provisions of this Certificate, I knowingly and voluntarily agree to all of the terms set forth in this Certificate, and I acknowledge that in entering into this
Certificate, I am not relying on any representation, promise or inducement made by the Company or its representatives with the exception of those promises contained in this Certificate and the Agreement. 

 

	 	4.	I agree that this Certificate is part of the Agreement. 

  

	
	  

	James Robert Rusche
	
	  

	Date

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