<SEC-DOCUMENT>0001193125-19-036251.txt : 20190213
<SEC-HEADER>0001193125-19-036251.hdr.sgml : 20190213
<ACCEPTANCE-DATETIME>20190212180503
ACCESSION NUMBER:		0001193125-19-036251
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190211
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190213
DATE AS OF CHANGE:		20190212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LSB INDUSTRIES INC
		CENTRAL INDEX KEY:			0000060714
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				731015226
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07677
		FILM NUMBER:		19592435

	BUSINESS ADDRESS:	
		STREET 1:		3503 NW 63RD STREET
		STREET 2:		SUITE 500
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73116
		BUSINESS PHONE:		4052354546

	MAIL ADDRESS:	
		STREET 1:		3503 NW 63RD STREET
		STREET 2:		SUITE 500
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73116
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d683551d8k.htm
<DESCRIPTION>8-K
<TEXT>
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<TITLE>8-K</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): February&nbsp;11, 2019 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>LSB INDUSTRIES, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-7677</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">73-1015226</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>3503 NW 63rd Street, Suite 500, Oklahoma City, Oklahoma</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>73116</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code
<FONT STYLE="white-space:nowrap">(405)&nbsp;235-4546</FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address, if changed since last report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;&nbsp;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of
1934 <FONT STYLE="white-space:nowrap">(&#167;&nbsp;240.12b-2</FONT> of this chapter). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>New Employment Agreement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February&nbsp;11, 2019, the Company entered into a new employment agreement (the &#147;Employment Agreement&#148;) with Mr.&nbsp;John Diesch (the
&#147;Executive&#148;), pursuant to which Mr.&nbsp;Diesch will continue to provide services to the Company as Executive Vice President &#150; Operations. The Employment Agreement for Mr.&nbsp;Diesch supersedes and replaces his current employment
agreement with the Company, which was previously filed with the Securities and Exchange Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Employment Agreement provides for an initial term
ending on December&nbsp;31, 2019, which automatically renews for successive <FONT STYLE="white-space:nowrap">one-year</FONT> periods thereafter unless either party provides written notice of his or its intention to terminate the agreement at least
90 days prior to the end of the then-current term. Mr.&nbsp;Diesch will have an annual base salary of $350,000, a target annual cash performance bonus equal to 60% of his base salary and a maximum annual cash performance bonus equal to 120% of his
base salary. The payout for the annual cash performance bonus for Mr.&nbsp;Diesch will depend on the Company&#146;s achievement of performance criteria, as determined by the Compensation Committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Employment Agreement provides that if the Executive&#146;s employment with the Company is terminated due to death or disability, he will receive a lump
sum payment equal to a pro rata portion of his annual bonus based on actual company performance for the year of termination, paid at the same time such bonuses are paid to all employees generally (the
<FONT STYLE="white-space:nowrap">&#147;Pro-Rata</FONT> Bonus&#148;). If the Executive&#146;s employment is terminated by the Company without Cause (as defined in the Employment Agreement), by the Executive for Good Reason (as defined in the
Employment Agreement) or as a result of a notice of <FONT STYLE="white-space:nowrap">non-renewal</FONT> of the Employment Agreement by the Company, the Executive will receive (i)&nbsp;a lump sum payment equal to the
<FONT STYLE="white-space:nowrap">Pro-Rata</FONT> Bonus, (ii)&nbsp;a lump sum payment equal to a multiple of his base salary and target bonus (discussed below), and (iii)&nbsp;continuation of health benefits for the Executive and his eligible
dependents for 18 months on the same economic terms applicable prior to his termination. The severance multiple for Mr.&nbsp;Diesch is one (or two if the termination occurs within 24 months following a Change in Control (as defined in the Employment
Agreement) or either (x)&nbsp;within 90 days prior to the date a definitive agreement is executed which results in a Change in Control within 180 days after the date such definitive agreement is executed or (y)&nbsp;on or within 180 days following
the date a definitive agreement is executed which results in a Change in Control within 180 days after the date such definitive agreement is executed (a &#147;Qualifying CIC Termination&#148;)) and the severance is payable on (i)&nbsp;the first pay
date following the Executive&#146;s execution (and <FONT STYLE="white-space:nowrap">non-revocation)</FONT> of a release of claims or (ii)&nbsp;the date of the Change of Control (if applicable), whichever is later. All severance or termination
benefits payable to the Executive under the Employment Agreements are dependent on the Executive&#146;s execution and delivery of a release of claims within 60 days following the date of termination. Following termination of employment, the
Executive will be subject to <FONT STYLE="white-space:nowrap">non-compete</FONT> and <FONT STYLE="white-space:nowrap">non-solicitation</FONT> restrictions for a period of 24 months. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of
the Employment Agreement, which is attached hereto as Exhibit 10.1 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated herein by reference into this Item 5.02. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&nbsp;Exhibits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>Description</B></TD></TR>


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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d683551dex101.htm">Employment Agreement, dated February&nbsp;11, 2019, between LSB Industries, Inc. and John Diesch. </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>SIGNATURES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: February&nbsp;12, 2019 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">LSB INDUSTRIES, INC.</TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mark T. Behrman</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Mark T. Behrman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d683551dex101.htm
<DESCRIPTION>EX-10.1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This EMPLOYMENT AGREEMENT (&#147;<U>Agreement</U>&#148;) is entered into as of this 11<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>
day of February, 2019 (the &#147;<U>Effective Date</U>&#148;), by and between LSB Industries, Inc., a Delaware corporation (together with its successors and assigns, the &#147;<U>Company</U>&#148;), and John H. Diesch, an individual (the
&#147;<U>Executive</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive desire to enter into this Agreement to set out the terms and
conditions for the continuing employment relationship between the Executive and the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the
mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Term</U>. The Company agrees to employ the Executive pursuant to the terms of this Agreement, and the Executive
agrees to be so employed, for a term from the Effective Date to December&nbsp;31, 2019 (the &#147;<U>Initial Term</U>&#148;) commencing as of the Effective Date. On December&nbsp;31, 2019 and each subsequent anniversary of such date, the term of
this Agreement shall be automatically extended for successive <FONT STYLE="white-space:nowrap">one-year</FONT> periods, <U>provided</U>, <U>however</U>, that either party hereto may elect not to extend this Agreement by giving written notice to the
other party at least ninety (90)&nbsp;days prior to December&nbsp;31, 2019 or any subsequent anniversary of such date. Notwithstanding the foregoing, the Executive&#146;s employment hereunder may be earlier terminated in accordance with
<U>Section&nbsp;9</U> hereof, subject to <U>Section&nbsp;10</U> hereof. Terms used herein with initial capitalization not otherwise defined are defined in <U>Section&nbsp;25</U>. The period of time between the Effective Date and the termination of
the Executive&#146;s employment hereunder shall be referred to as the &#147;<U>Employment Period</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Position and Duties</U>. During the Employment Period, the Executive shall serve as Executive Vice President
&#150; Manufacturing (&#147;EVP &#150; Manufacturing&#148;) of the Company and shall report directly to the Company&#146;s Chief Executive Officer. In his capacity as EVP &#150; Manufacturing, the Executive shall have the duties, responsibilities
and authorities customarily associated with the position of an executive vice president in a company the size and nature of the Company. The Executive shall devote the Executive&#146;s reasonable best efforts and substantially all of the
Executive&#146;s business time to the performance of the Executive&#146;s duties hereunder and the advancement of the business and affairs of the Company and shall be subject to, and shall comply in all material respects with, the policies of the
Company applicable to the Executive; <U>provided</U> that the Executive shall be entitled (i)&nbsp;to serve as a member of the board of directors of a reasonable number of other companies, subject to the advance approval of the Company&#146;s Board
of Directors (the &#147;<U>Board</U>&#148;), which approval shall not be unreasonably withheld, (ii)&nbsp;to serve on civic, charitable, educational, religious, public interest or public service boards, and (iii)&nbsp;to manage the Executive&#146;s
personal and family investments, in each case, to the extent such activities do not materially interfere, as determined by the Board in good faith, with the performance of the Executive&#146;s duties and responsibilities hereunder. </P>
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Executive shall be based primarily at the Company&#146;s offices in Oklahoma City, Oklahoma. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits; Equity Awards</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Base Salary</U>. During the Employment Period, the Company shall pay to the
Executive a base salary (the &#147;<U>Base Salary</U>&#148;) at the rate of no less than $350,000 per calendar year, less applicable deductions. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and shall
be increased in the discretion of the Board and any such adjusted Base Salary shall constitute the &#147;Base Salary&#148; for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the
Company&#146;s regular payroll procedures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual Bonus</U>. During the Employment Period, the Executive
shall be paid an annual cash performance bonus (an &#147;<U>Annual Bonus</U>&#148;) under the Company&#146;s annual bonus plan (as in effect from time to time for senior executives for each fiscal year that ends during the Employment Period, to the
extent earned based on performance against performance criteria. The performance criteria for any particular fiscal year shall be determined by the Compensation Committee of the Board (the &#147;<U>Committee</U>&#148;), in good faith, after
consultation with the Executive, no later than sixty (60)&nbsp;days after the commencement of the relevant bonus period. For fiscal year 2019 and thereafter throughout the Employment Period, the Executive&#146;s annual bonus opportunity shall be no
less than 60% of the Executive&#146;s Base Salary as of the beginning of the applicable bonus period (the &#147;<U>Target Bonus</U>&#148;), if target levels of performance for that year are achieved, up to a maximum of 120% of the Executive&#146;s
Base Salary. The Executive&#146;s Annual Bonus for a bonus period shall be determined by the Committee after the end of the applicable bonus period and shall be paid to the Executive when annual bonuses for that year are paid to other senior
executives of the Company generally, but in no event later than March&nbsp;15 of the year following the year to which such Annual Bonus relates. The Target Bonus opportunity shall be reviewed for increase by the Board no less frequently than
annually and shall be increased in the discretion of the Board and any such adjusted Target Bonus shall constitute the &#147;Target Bonus&#148; for purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Equity Awards</U>. During the Employment Period, the Executive shall be eligible to receive grants of
equity-based awards (each, an &#147;Equity Award&#148;) under the Company&#146;s 2016 Long Term Incentive Plan (or successor plan). The terms and conditions applicable to any Equity Award shall be determined by the Committee in accordance with the
Company&#146;s applicable long-term incentive plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Vacation; Benefits</U>. During the Employment Period,
the Executive shall be entitled to four (4)&nbsp;weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the applicable policies of the Company, which shall be accrued and used in accordance with such policies.
During the Employment Period, the Executive shall be entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the
applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to the Executive hereunder. The Executive&#146;s participation will be subject to the terms
</P>
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of the applicable plan documents and generally applicable Company policies. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the
modification or termination of such plans once established. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>. The Company shall reimburse the
Executive promptly for all expenses reasonably incurred by the Executive in the performance of his duties in accordance with policies which may be adopted from time to time by the Company following presentation by the Executive of an itemized
account, including reasonable substantiation, of such expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality and <FONT
STYLE="white-space:nowrap">Non-Disclosure</FONT></U>. The Company and the Executive acknowledge and agree that during the Executive&#146;s employment with the Company, the Executive will have access to and may assist in developing Confidential
Information and will occupy a position of trust and confidence with respect to the affairs and business of the Company and the Company Affiliates. The Executive agrees that the following obligations are necessary to preserve the confidential and
proprietary nature of Confidential Information and to protect the Company and the Company Affiliates against misuse of such information: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U><FONT STYLE="white-space:nowrap">Non-Disclosure</FONT></U>. After the Executive&#146;s employment with the
Company ends, the Executive will not use, disclose, copy or transfer any Confidential Information unless authorized in writing by the Company. Anything herein to the contrary notwithstanding, the provisions of this <U>Section 6(a)</U> shall not
apply (i)&nbsp;when disclosure is required by law or by any court, arbitrator, mediator or administrative or legislative body (including any committee thereof) with actual or apparent jurisdiction to order the Executive to disclose or make
accessible any information, <U>provided</U> that prior to any such disclosure the Executive shall provide the Company with reasonable notice of the requirements to disclose and an opportunity to object to such disclosure and the Executive shall
cooperate with the Company in filing such objection; (ii)&nbsp;as to information that was in the public domain or is readily available to the public at the time of its disclosure by the Executive through means other than due to the Executive&#146;s
violation of this <U>Section&nbsp;6(a)</U>; or (iii)&nbsp;to the extent necessary in connection with any disputes between the parties with respect to the interpretation and/or enforcement of this Agreement and any other agreements between the
parties. Nothing in this Agreement is intended to or will be used in any way to limit Executive&#146;s rights to communicate with a government agency, as provided for, protected under or warranted by applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Materials</U>. The Executive will use Confidential Information only for normal and customary use in the
Company&#146;s business, as determined reasonably and in good faith by the Executive. The Executive will return to the Company all Confidential Information and copies thereof and all other property of the Company or any Company Affiliate at any time
upon the request of the Company and in any event promptly after the Executive&#146;s employment ends. The Executive agrees to identify and return to the Company any copies of any Confidential Information after the Executive ceases to be employed by
the Company. Anything to the contrary notwithstanding, nothing in this <U>Section&nbsp;6</U> shall prevent the Executive from retaining a home computer (provided all Confidential Information has been removed), papers and other materials of a
personal nature, including diaries, calendars and Rolodexes, information relating to his compensation or relating to reimbursement of expenses, information that may be needed for tax purposes, and copies of plans, programs and agreements relating to
his employment or termination thereof. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;
<U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Non-Solicitation/Non-Competition</FONT></FONT></U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;During the <FONT STYLE="white-space:nowrap">Non-Compete</FONT> Period, the Executive shall not (A)&nbsp;directly
solicit, or assist any person or entity in soliciting, any established customer for the purpose of a Competitive Enterprise providing and/or selling any products that are provided and/or sold by the Company or its subsidiaries to such established
customer, or performing any services that are performed by the Company or its subsidiaries for such established customer, (B)&nbsp;interfere with or damage (or attempt to interfere with or damage) any relationship and/or agreement between the
Company or its subsidiaries and any established customer; or (C)&nbsp;directly or indirectly solicit any employee of the Company or the Company Affiliates with a view toward inducing any such employee to go to work for another person or third party
or to cease or end their employment relationship. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;During the
<FONT STYLE="white-space:nowrap">Non-Compete</FONT> Period, the Executive shall not associate (including, but not limited to, association as a sole proprietor, owner, employer, partner, principal, investor, joint venturer, shareholder, associate,
employee, member, consultant, contractor, director or otherwise) with any Competitive Enterprise; <U>provided</U>, <U>however</U>, that Executive may own, as a passive investor, securities of any such entity that has outstanding publicly traded
securities so long as his direct holdings in any such entity shall not in the aggregate constitute more than one percent (1%) of the voting power of such entity. The Executive acknowledges that this covenant has a unique, very substantial and
immeasurable value to the Company, that the Executive has sufficient assets and skills to provide a livelihood for the Executive while such covenant remains in force and that, as a result of the foregoing, in the event that the Executive breaches
such covenant, monetary damages would be an insufficient remedy for the Company and equitable enforcement of the covenant would be proper. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;If the restrictions contained in <U>Section&nbsp;7</U> shall be determined by any court of competent jurisdiction
to be unenforceable, <U>Section&nbsp;7</U> shall be modified in order for it to be enforceable to maximum allowed by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Conflicting Obligations and Rights</U>. The Executive agrees to inform the Company of any apparent conflicts
between the Executive&#146;s work for the Company and any obligations the Executive may have to preserve the confidentiality of another&#146;s proprietary information or related materials before using the same on the Company&#146;s behalf. The
Company shall receive such disclosures in confidence and consistent with the objectives of avoiding any conflict of obligations and rights or the appearance of any conflict of interest. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<U>Enforcement</U>. The Executive acknowledges that in the event of any breach of this <U>Section&nbsp;7</U>, the
business interests of the Company and the Company Affiliates will be irreparably injured, the full extent of the damages to the Company and the Company Affiliates will be impossible to ascertain, monetary damages will not be an adequate remedy for
the Company and the Company Affiliates, and the Company will be entitled to enforce this Agreement by a temporary, preliminary and/or permanent injunction or other equitable relief, </P>
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without the necessity of posting bond or security, which the Executive expressly waives. The Executive understands that the Company may waive some of the requirements expressed in this Agreement,
but that such a waiver to be effective must be made in writing and should not in any way be deemed a waiver of the Company&#146;s right to enforce any other requirements or provisions of this Agreement. The Executive agrees that each of the
Executive&#146;s obligations specified in this Agreement is a separate and independent covenant and that the unenforceability of any of them shall not preclude the enforcement of any other covenants in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;<U>No Other Restrictions</U>. Except as otherwise provided herein or in the Confidentiality and Assignment
Agreement the Executive executed on January&nbsp;8, 2016 (the &#147;<U>Confidentiality Agreement</U>&#148;), there are no other restrictions on the Executive&#146;s employment following termination of his employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Cooperation</U>. Following any termination of employment, the Executive agrees to reasonably cooperate (taking
into account his other business and personal commitments) with any investigation, suit or claim involving the Company and of which the Executive has knowledge, provided any such cooperation is not adverse to his legal interests. The Company agrees
to reimburse the Executive for any costs incurred by him in connection with such cooperation, including payment of separate counsel for the Executive if he reasonably determines such separate representation is warranted by the circumstances. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of Employment</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Permitted Terminations</U>. The Executive&#146;s employment hereunder may be terminated during the Employment
Period under the following circumstances: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>. The Executive&#146;s employment hereunder shall
terminate upon the Executive&#146;s death. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;<U>By the Company</U>. The Company may terminate the
Executive&#146;s employment: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>. For Disability; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;<U>With or Without Cause</U>. For Cause or without Cause. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;<U>By the Executive</U>. The Executive may terminate his employment for any reason or for no reason by giving
thirty (30)&nbsp;days advance Notice of Termination to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination</U>. Any termination of the
Executive&#146;s employment by the Company or the Executive (other than because of the Executive&#146;s death) shall be communicated by written Notice of Termination to the other party hereto in accordance with <U>Section&nbsp;12</U> hereof. For
purposes of this Agreement, a &#147;<U>Notice of Termination</U>&#148; shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon, if any, and shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated. Termination of the Executive&#146;s employment shall take effect on the Date of Termination. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect of Termination</U>. Upon any termination of the
Executive&#146;s employment with the Company, and its subsidiaries, the Executive shall resign from, and shall be considered to have simultaneously resigned from, all positions with the Company and all of its subsidiaries. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation Upon Termination</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>. If the Executive&#146;s employment is terminated during the Employment Period as a result of the
Executive&#146;s death pursuant to <U>Section&nbsp;9(a)(i)</U>, the Employment Period shall terminate without further notice or any action required by the Company or the Executive&#146;s legal representatives. Upon the Executive&#146;s death, the
Company shall pay or provide to the Executive&#146;s representative or estate (i)&nbsp;all Accrued Benefits, if any, to which the Executive is entitled, and (ii)&nbsp;a lump sum payment of an amount equal to a pro rata portion (based upon the number
of days the Executive was employed during the calendar year in which the Date of Termination occurs) of the Annual Bonus based on the achievement of the applicable performance criteria for the year in which Executive&#146;s employment terminates,
payable at the time set forth in <U>Section&nbsp;4(b)</U>. Except as set forth herein or, if more favorable to the Executive, in the award agreements applicable to equity-based awards granted to Executive, including, without limitation, the Equity
Awards, the Company shall have no further compensation obligations to the Executive (or the Executive&#146;s legal representatives or estate) under this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>. If the Company terminates the Executive&#146;s employment during the Employment Period because
of the Executive&#146;s Disability pursuant to <U>Section&nbsp;9(a)(ii)(A)</U>, the Company shall pay to the Executive (i)&nbsp;all Accrued Benefits, if any, to which the Executive is entitled, and (ii)&nbsp;a lump sum payment of an amount equal to
a pro rata portion (based upon the number of days the Executive was employed during the calendar year in which the Date of Termination occurs) of the Annual Bonus based on the achievement of the applicable performance criteria for the year in which
Executive&#146;s employment terminates, payable at the time set forth in Section&nbsp;4(b). Except as set forth herein or, if more favorable to the Executive, in the award agreements applicable to equity-based awards granted to Executive, including,
without limitation, the Equity Awards, the Company shall have no further compensation obligations to the Executive (or the Executive&#146;s legal representatives) under this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination by the Company for Cause, or by the Executive without Good Reason</U>. If, during the Employment
Period, the Company terminates the Executive&#146;s employment for Cause pursuant to <U>Section&nbsp;9(a)(ii)(B)</U>, or the Executive terminates his employment without Good Reason, the Company shall pay to the Executive all Accrued Benefits, if
any, to which the Executive is entitled. Except as set forth herein or, if more favorable to the Executive, in the award agreements applicable to equity-based awards granted to Executive, including, without limitation, the Equity Awards, the Company
shall have no further compensation obligations to the Executive under this Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Terminations Prior to or After a Change in
Control</U>. If, prior to the occurrence of a Change in Control, or after the twenty-four (24)&nbsp;month protection period in <U>Section&nbsp;10(e)</U> has expired (and <U>Section&nbsp;10(e)</U> does not apply), the Company terminates the
Executive&#146;s employment during the Employment Period other than for Cause, death or Disability or the Executive terminates his employment hereunder with Good Reason, the Employment Period shall terminate upon the Date of Termination and
(i)&nbsp;the Company shall pay or provide the Executive (or the Executive&#146;s estate, if the Executive dies after such termination but before receiving such amount)&nbsp;(A) all Accrued Benefits, if any, to which the Executive is entitled;
(B)&nbsp;a lump sum payment of an amount equal to a pro rata portion (based upon the number of days the Executive was employed during the calendar year in which the Date of Termination occurs) of the Annual Bonus based on the achievement of the
applicable performance criteria for the year in which Executive&#146;s employment terminates, payable as set forth in <U>Section&nbsp;4(b)</U>; and (C)&nbsp;an amount equal to the product of (x)&nbsp;one (1) and (y)&nbsp;the sum of the
Executive&#146;s (I)&nbsp;Base Salary and (II)&nbsp;Target Bonus, payable in a lump sum on the first payroll date following the execution (and <FONT STYLE="white-space:nowrap">non-revocation)</FONT> of the general release of claims described in
<U>Section&nbsp;10(g)</U>, subject to <U>Section&nbsp;10(h)</U> and <U>Section&nbsp;24</U>, and (ii)&nbsp;the Executive and his covered dependents shall be entitled to continued participation on the same terms and conditions as applicable
immediately prior to the Executive&#146;s Date of Termination for the eighteen (18)&nbsp;month period following the Date of Termination in such medical, dental, and hospitalization insurance coverage in which the Executive and his eligible
dependents were participating immediately prior to the Date of Termination; <U>provided</U> the Company agrees to impute as taxable income to the Executive an amount equal to the full actuarial cost of such coverage, for each month during which such
coverage is in effect for the Executive and/or his eligible dependents but only if and to the extent such imputation is required for the Executive to avoid being subject to tax under Section&nbsp;105(h) of the Internal Revenue Code of 1986, as
amended (the &#147;Code&#148;), with respect to any payment or reimbursement of expenses made to the Executive or for the Executive and/or any of his eligible dependent&#146;s benefit under such health care coverage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Terminations in Connection With a Change in Control</U>. If the Company terminates the Executive&#146;s
employment other than for Cause, Death or Disability or the Executive terminates his employment hereunder with Good Reason, the Employment Period shall terminate upon the Date of Termination and if such Date of Termination occurs (x)&nbsp;upon or
within twenty-four (24)&nbsp;months following the date of consummation of a Change in Control, or (y)&nbsp;either (a) within 90 days prior to the date a definitive agreement is executed which results in a Change in Control within 180 days after the
date such definitive agreement is executed or (b)&nbsp;on or within 180 days following the date a definitive agreement is executed which results in a Change in Control within 180 days after the date such definitive agreement is executed,
(i)&nbsp;the Company shall pay or provide the Executive (or the Executive&#146;s estate, if the Executive dies after such termination but before receiving such amount)&nbsp;(A) all Accrued Benefits, if any, to which the Executive is entitled;
(B)&nbsp;a lump sum payment of an amount equal to a pro rata portion (based upon the number of days the Executive was employed during the calendar year in which the Date of Termination occurs) of the Annual Bonus based on the achievement of the
applicable performance criteria for the year in which Executive&#146;s employment terminates, payable as set forth in <U>Section&nbsp;4(b)</U>; and (C)&nbsp;an amount equal to the product of (x)&nbsp;two (2) and (y)&nbsp;the sum of the
Executive&#146;s (I)&nbsp;Base Salary and (II)&nbsp;Target Bonus, payable in a lump sum on </P>
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the first payroll date following the execution (and <FONT STYLE="white-space:nowrap">non-revocation)</FONT> of the general release of claims described in <U>Section&nbsp;10(g)</U> (the
&#147;<U>Payment Date</U>&#148;), subject to <U>Section&nbsp;10(h)</U> and <U>Section&nbsp;24</U>; <U>provided</U> <U>that</U> in connection with a termination covered by clause (y), the payment of the additional one times Base Salary and Target
Bonus amount shall be paid, subject to <U>Section&nbsp;10(h)</U> and <U>Section&nbsp;24</U>, on the later of the Payment Date or the date of the Change in Control; and (ii)&nbsp;the Executive and her covered dependents shall be entitled to continued
participation on the same terms and conditions as applicable immediately prior to the Executive&#146;s Date of Termination for the eighteen (18)&nbsp;month period following the Date of Termination in such medical, dental, and hospitalization
insurance coverage in which the Executive and his eligible dependents were participating immediately prior to the Date of Termination; <U>provided</U> the Company agrees to impute as taxable income to the Executive an amount equal to the full
actuarial cost of such coverage, for each month during which such coverage is in effect for the Executive and/or his eligible dependents but only if and to the extent such imputation is required for the Executive to avoid being subject to tax under
Section&nbsp;105(h) of the Code, with respect to any payment or reimbursement of expenses made to the Executive or for the Executive and/or any of his eligible dependent&#146;s benefit under such health care coverage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of Employment Upon Expiration of the Term</U>. Upon a notice of
<FONT STYLE="white-space:nowrap">non-renewal</FONT> of the Initial Term or any subsequent Term (each, a &#147;<U>Term</U>&#148;) by either the Company or the Executive pursuant to <U>Section&nbsp;1</U> hereof, the Executive&#146;s employment shall
terminate on the last day of the applicable Term. In addition, any notice of <FONT STYLE="white-space:nowrap">non-renewal</FONT> of the Term by the Company pursuant to <U>Section</U><U>&nbsp;1</U> (assuming the Executive was willing and able to
continue to be employed) shall be treated as a termination without Cause under this Agreement and the Executive shall be entitled to severance and other entitlements under the terms of either <U>Sections 10(d) or 10(e)</U> as applicable upon the
termination of the Executive&#146;s employment on the last day of the applicable Term and such termination shall be treated as a termination without Cause for purposes of the Executive&#146;s equity awards. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;Release. As a condition of receiving any and all amounts payable and benefits or additional rights provided
pursuant to this Agreement beyond the Accrued Benefits, the Executive must execute and deliver to the Company and not revoke a general release of claims in favor of the Company in substantially the form attached on <U>Exhibit</U><U> A</U> hereto
(the &#147;<U>Release</U>&#148;). The Release must be executed and delivered (and no longer subject to revocation, if applicable) within sixty (60)&nbsp;days following the Executive&#146;s Date of Termination. The Company shall deliver to the
Executive the Release for the Executive to execute within five (5)&nbsp;business days following the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Payment Delays</U>. Notwithstanding anything to the contrary set forth herein, to the extent that the
payment of any amount described in <U>Sections 10(d) or 10(e)</U> constitute &#147;nonqualified deferred compensation&#148; for purposes of Code Section&nbsp;409A (as defined in <U>Section&nbsp;24</U> hereof), then, subject to
<U>Section&nbsp;24</U>, any such payment scheduled to occur during the first sixty (60)&nbsp;days following the termination of employment shall not be paid until the first regularly scheduled pay period following the sixtieth (60th) day following
such termination and shall include payment of any amount that was otherwise scheduled to be paid prior thereto. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;<U>No Offset</U>. In the event of termination of his employment,
the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company&#146;s obligation
to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any
reason. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;<U>280G Payments</U>. In the event the Company determines in good faith that any payments,
entitlements or benefits (whether made or provided pursuant to this Agreement or otherwise, including by the person or entity affecting a change in control) provided to the Executive constitute &#147;parachute payments&#148; within the meaning of
Section&nbsp;280G of the Code, and may be subject to an excise tax imposed pursuant to Section&nbsp;4999 of the Code, then, if the Executive would be placed in a better <FONT STYLE="white-space:nowrap">after-tax</FONT> position, the Executive&#146;s
&#147;parachute payments&#148; will be reduced to an amount determined by the Company in good faith to be the maximum amount that may be provided to the Executive without resulting in any portion of such &#147;parachute payment&#148; being subject
to such excise tax. The payment reduction contemplated by the preceding sentence shall be implemented as follows: first, by reducing any payments to be made to the Executive under <U>Sections 10(d)(i)(B) and (C)</U>&nbsp;or <U>Sections 10(e)(i)(B)
and (C)</U>, as applicable; second, by reducing any other cash payments to be made to the Executive but only if the value of such cash payments is not greater than the parachute value of such payments; third, by cancelling the acceleration of
vesting of any restricted stock or restricted stock unit awards solely with respect to the accelerated vesting upon a change in control such that such awards will continue to vest on their original schedules; fourth, by cancelling the acceleration
of vesting of any stock options or stock appreciation rights solely with respect accelerated vesting upon a change in control such that such awards will continue to vest on their original schedules, fifth, by eliminating the Company&#146;s payment
of the cost of any post-termination continuation of medical and dental benefits for the Executive and his eligible dependents and sixth, by reducing any equity awards. In the case of the reductions to be made pursuant to each of the above-mentioned
clauses, the payment and/or benefit amounts to be reduced and the acceleration of vesting to be cancelled shall be reduced or cancelled in the inverse order of their originally scheduled dates of payment or vesting, as applicable, and shall be so
reduced (x)&nbsp;only to the extent that the payment and/or benefit otherwise to be paid or the vesting of the award that otherwise would be accelerated, would be treated as a &#147;parachute payment&#148; within the meaning of
Section&nbsp;280(G)(b)(2)(A) of the Code, (y)&nbsp;only to the extent necessary to achieve the required reduction hereunder and (z)&nbsp;all amounts that are not subject to calculation under Treas. Reg.
<FONT STYLE="white-space:nowrap">&#167;1.280G-1,</FONT> <FONT STYLE="white-space:nowrap">Q&amp;A-24(b)</FONT> or (c)&nbsp;shall be reduced before any amounts that are subject to calculation under Treas. Reg.
<FONT STYLE="white-space:nowrap">&#167;1.280G-1,</FONT> <FONT STYLE="white-space:nowrap">Q&amp;A-24(b)</FONT> or (c). Any determinations that are made pursuant to this <U>Section&nbsp;10(j)</U> shall be made by a nationally recognized certified
public accounting firm that shall be selected by the Company (and paid by the Company) prior to any transaction that is subject to Code Section&nbsp;280G and reasonably acceptable to the Executive (the &#147;Accountant&#148;), which determination
shall be certified by the Accountant and set forth in a certificate delivered to the Executive setting forth in reasonable detail the basis of the Accountant&#146;s determinations. In connection with this determination, the Accountant shall value
the <FONT STYLE="white-space:nowrap">non-compete</FONT> and other restrictions on the Executive&#146;s activities. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification</U>. The Executive shall be indemnified and
held harmless by the Company during the Employment Period and following any termination of his employment for any reason whatsoever in the same manner as would any other key management employee of the Company with respect to acts or omissions
occurring on or prior to the termination of employment of the Executive. In addition, during the Employment Period and for a period of three (3)&nbsp;years following the termination of Executive&#146;s employment for any reason whatsoever, the
Executive shall be covered by a Company-held directors&#146; and officers&#146; liability insurance policy covering acts or omissions occurring on or prior to the termination of employment of the Executive. The Executive shall also remain entitled
to the protections of the indemnification agreement he has entered into with the Company dated as of August 1, 2016 (&#147;<U>Indemnification Agreement</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>. All notices, demands, requests, or other communications which may be or are required to be given or
made by any party to any other party pursuant to this Agreement shall be in writing and shall be hand delivered, mailed by first-class registered or certified mail, return receipt requested, postage prepaid, delivered by overnight air courier
addressed as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">If to the Company: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">LSB Industries, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">3503 NW
63<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP> Street, Suite 500 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Oklahoma City, OK 73116 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><U>Attention</U>: Chief Executive Officer </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">If to the Executive: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">His
primary address last shown on the Company&#146;s records. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each party may designate by notice in writing a new address to which any notice,
demand, request or communication may thereafter be so given, served or sent. Each notice, demand, request, or communication that shall be given or made in the manner described above shall be deemed sufficiently given or made for all purposes at such
time as it is delivered to the addressee (with the return receipt, the delivery receipt, or the affidavit of messenger being deemed conclusive but not exclusive evidence of such delivery) or at such time as delivery is refused by the addressee upon
presentation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;Severability. The invalidity or unenforceability of any one or more provisions of this
Agreement, including, without limitation, <U>Sections 6</U> or <U>7</U>, shall not affect the validity or enforceability of the other provisions of this Agreement, which shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>. It is the express intention and agreement of the parties hereto that the provisions of <U>Sections
6, 7, 8, 10, 11, 12, 13, 15, 16, 17, 19, 20, 21, 23, 24</U> and <U>25</U> hereof and this <U>Section&nbsp;14</U> shall survive the termination of employment of the Executive or the termination or expiration of the Employment Period. In addition, all
obligations of the Company to make payments hereunder shall survive any expiration of the Employment Period on the terms and conditions set forth herein. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment</U>. The rights and obligations of the parties to
this Agreement shall not be assignable or delegable, except that (i)&nbsp;in the event of the Executive&#146;s death, the personal representative or legatees or distributees of the Executive&#146;s estate, as the case may be, shall have the right to
receive any amount owing and unpaid to the Executive hereunder and (ii)&nbsp;the rights and obligations of the Company hereunder shall be assignable and delegable in connection with any subsequent merger, consolidation, sale of all or substantially
all of the assets or equity interests of the Company or similar transaction involving the Company or a successor corporation. Unless provided by applicable law, the Company shall require any successor to the Company to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;<U>Binding Effect</U>. Subject to any provisions hereof restricting assignment, this Agreement shall be binding
upon the parties hereto and shall inure to the benefit of the parties and their respective heirs, devisees, executors, administrators, legal representatives, successors and assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment; Waiver</U>. This Agreement shall not be amended, altered or modified except by an instrument in
writing duly executed by the party against whom enforcement is sought. Neither the waiver by either of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure of either of the parties, on one or
more occasions, to enforce any of the provisions of this Agreement or to exercise any right or privilege hereunder, shall thereafter be construed as a waiver of any subsequent breach or default of a similar nature, or as a waiver of any such
provisions, rights or privileges hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">18.&nbsp;&nbsp;&nbsp;&nbsp;<U>Headings</U>. Section and subsection headings contained in this
Agreement are inserted for convenience of reference only, shall not be deemed to be a part of this Agreement for any purpose, and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">19.&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing Law</U>. This Agreement, the rights and obligations of the parties hereto, and any claims or disputes
relating thereto, shall be governed by and construed in accordance with the laws of the State of Oklahoma (but not including any choice of law rule thereof that would cause the laws of another jurisdiction to apply). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">20.&nbsp;&nbsp;&nbsp;&nbsp;<U>Dispute Resolution/Waiver of Jury Trial</U>. Each of the parties agrees that any dispute between the parties
shall be resolved only in the courts of the State of Oklahoma or the United States District Court for the Western District of Oklahoma and the appellate courts having jurisdiction of appeals in such courts. In that context, and without limiting the
generality of the foregoing, each of the parties hereto irrevocably and unconditionally (a)&nbsp;submits in any proceeding relating to this Agreement or the Executive&#146;s employment by the Company or any Company Affiliate, or the termination of
such employment, or for the recognition and enforcement of any judgment in respect thereof (a &#147;<U>Proceeding</U>&#148;), to the exclusive jurisdiction </P>
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of the courts of the State of Oklahoma, located in Oklahoma County, the United States District Court for the Western District of Oklahoma, and appellate courts having jurisdiction of appeals from
any of the foregoing and agrees that all claims in respect of any such Proceeding shall be heard and determined in such Oklahoma State court or, to the extent permitted by law, in such federal court, (b)&nbsp;consents that any such Proceeding may
and shall be brought in such courts and waives any objection that the Executive or the Company may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court or that such Proceeding was brought in an inconvenient
court and agrees not to plead or claim the same, (c)&nbsp;waives all right to trial by jury in any Proceeding (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the Executive&#146;s employment by the
Company or any Company Affiliate, or the termination of such employment, or the Executive&#146;s or the Company&#146;s performance under, or the enforcement of, this Agreement, (d)&nbsp;agrees that service of process in any such Proceeding may be
effected by mailing a copy of such process by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at the Executive&#146;s or the Company&#146;s address as provided in <U>Section&nbsp;12</U>
hereof, and (e)&nbsp;agrees that nothing in this Agreement shall affect the right to effect service of process in any other manner permitted by the laws of the State of Oklahoma. In addition, if the Executive substantially prevails on any claim that
is the matter of such dispute, the Company shall promptly reimburse the Executive for his legal fees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">21.&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire Agreement; Other Agreements</U>. Except as expressly provided herein, this Agreement constitutes the
entire agreement between the parties respecting the employment of the Executive, there being no representations, warranties or commitments except as set forth herein, and, as of the Effective Date, supersedes and replaces all other agreements
related to the subject matter hereof. Notwithstanding anything herein to the contrary, (a)&nbsp;any outstanding equity award agreements and any equity award agreements executed in connection with this Agreement shall continue in full force and
effect and(b) the Executive shall be entitled to (i)&nbsp;base salary due as of the Effective Date which remains unpaid as of the Effective Date, and (ii)&nbsp;reimbursement of the business expenses incurred by the Executive prior to the Effective
Date which are reimbursable and due and remain unpaid as of the Effective Date. In the event there is a conflict between any provision of this Agreement and any other agreement, plan, policy or arrangement of the Company or any Company Affiliate,
the provision most favorable to the Executive shall govern except that the Executive shall be subject to any written claw back policies of the Company (a)&nbsp;in effect from time to time adopted by the Board or the Committee prior to the
Executive&#146;s Date of Termination or (b)&nbsp;adopted to conform to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and rules promulgated thereunder by the Securities Exchanges Commission or any other applicable laws
(whether or not the rights of the Executive may be adversely affected). Any claw back policy shall be applied to the Executive consistent with how such policy is applied to other senior executives of the Company with respect to the same subject
matter. Section&nbsp;15 of the Confidentiality Agreement between the Company and the Executive is hereby deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;15. <U>TERMINATION OF EMPLOYMENT</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">I understand and agree that I or the Company may terminate my employment pursuant to the terms of the Employment Agreement
</P>
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dated February&nbsp;11, 2019 between me and the Company (&#147;Employment Agreement&#148;) and that this Confidentiality Agreement shall in no way be construed or operate to change or modify the
Employment Agreement or to prevent the Company or me from dispensing with my services pursuant to the terms of the Employment Agreement.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">22.&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>. This Agreement may be executed in two counterparts, each of which shall be an original and all
of which shall be deemed to constitute one and the same instrument. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">23.&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>. The Company may
withhold from any benefit payment under this Agreement all federal, state, city or other taxes as shall be required pursuant to any law or governmental regulation or ruling. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">24.&nbsp;&nbsp;&nbsp;&nbsp;<U>Section 409A</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The intent of the parties is that payments and benefits under this Agreement comply with Section&nbsp;409A of the
Code and the regulations and guidance promulgated thereunder (collectively &#147;<U>Code Section&nbsp;409A</U>&#148;) or an exemption therefrom and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in
compliance therewith. If the Executive notifies the Company (with specificity as to the reason therefor) that the Executive believes that any provision of this Agreement (or of any award of compensation, including equity compensation or benefits)
would cause the Executive to incur any additional tax or interest under Code Section&nbsp;409A and the Company concurs with such belief or the Company (without any obligation whatsoever to do so) independently makes such determination, the Company
shall, after consulting with the Executive, reform such provision to attempt to comply with Code Section&nbsp;409A through good faith modifications to the minimum extent reasonably appropriate to conform with Code Section&nbsp;409A. To the extent
that any provision hereof is modified in order to comply with Code Section&nbsp;409A such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the
Executive and the Company of the applicable provision without violating the provisions of Code Section&nbsp;409A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a &#147;separation from service&#148; within the meaning of Code Section&nbsp;409A and, for purposes of any such
provision of this Agreement, references to a &#147;termination,&#148; &#147;termination of employment&#148; or like terms shall mean &#147;separation from service.&#148; If the Executive is deemed on the date of termination to be a &#147;specified
employee&#148; within the meaning of that term under Code Section&nbsp;409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is considered deferred compensation under Code Section&nbsp;409A payable on account of a
&#147;separation from service,&#148; such payment or benefit shall be made or provided at the date which is the earlier of (A)&nbsp;the expiration of the six (6)-month period measured from the date of such &#147;separation from service&#148; of the
Executive, and (B)&nbsp;the date of the Executive&#146;s death, to the </P>
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extent required under Code Section&nbsp;409A. Upon the expiration of the foregoing delay period, all payments and benefits delayed pursuant to this <U>Section&nbsp;24(b)</U> (whether they would
have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in
accordance with the normal payment dates specified for them herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;To the extent that reimbursements or other
<FONT STYLE="white-space:nowrap">in-kind</FONT> benefits under this Agreement constitute &#147;nonqualified deferred compensation&#148; for purposes of Code Section&nbsp;409A, (A)&nbsp;all expenses or other reimbursements hereunder shall be made on
or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the Executive, (B)&nbsp;any right to reimbursement or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits shall not be subject to
liquidation or exchange for another benefit, and (C)&nbsp;no such reimbursement, expenses eligible for reimbursement, or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits provided in any taxable year shall in any way affect the expenses
eligible for reimbursement, or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefits to be provided, in any other taxable year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;For purposes of Code Section&nbsp;409A, the Executive&#146;s right to receive any installment payments pursuant to
this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, (i)&nbsp;the actual date of payment within the
specified period shall be within the sole discretion of the Company and, (ii)&nbsp;if such payment qualifies as <FONT STYLE="white-space:nowrap">non-qualified</FONT> deferred compensation under Section&nbsp;409A and it can be paid in one of two
calendar years, it shall be paid in the second calendar year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of this
Agreement to the contrary, in no event shall any payment under this Agreement that constitutes &#147;nonqualified deferred compensation&#148; for purposes of Code Section&nbsp;409A be subject to offset by any other amount unless otherwise permitted
by Code Section&nbsp;409A. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">25.&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accrued Benefits</U>&#148; means (i)&nbsp;any unpaid Base Salary through the Date of Termination;
(ii)&nbsp;any earned but unpaid Annual Bonus for a performance year that has ended on or prior to the Date of Termination; (iii)&nbsp;any accrued and unpaid vacation and/or sick days; (iv)&nbsp;any amounts or benefits owing to the Executive or to
the Executive&#146;s beneficiaries under the then applicable benefit plans of the Company (excluding any severance plan, program, agreement or arrangement); (v) any rights or entitlements under any other agreements between the Executive and the
Company, including, without limitation, the Indemnification Agreement and any outstanding equity award agreements; and (vi)&nbsp;any amounts owing to the Executive for reimbursement of expenses properly incurred by the Executive prior to the Date of
Termination. Amounts payable (A)&nbsp;under clauses (i), (ii) and (iii)&nbsp;shall be paid promptly after the Date of Termination; (B)&nbsp;under clause (iv)&nbsp;shall be paid in accordance with the terms and conditions of the applicable plan,
program or arrangement; (C)&nbsp;under clause (v)&nbsp;shall be treated in accordance with the applicable agreement; and (D)&nbsp;under clause (vi)&nbsp;shall be paid in accordance with the terms of the applicable expense policy, as applicable. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Cause</U>&#148; means (i)&nbsp;the Executive&#146;s
conviction of, or plea of nolo contendere to, a felony (other than for a traffic violation); (ii) the Executive&#146;s continued failure to substantially perform the Executive&#146;s material duties hereunder (other than due to a mental or physical
impairment) after receipt of written notice from the Company that specifically identifies the manner in which the Executive has substantially failed to perform the Executive&#146;s material duties and specifies the manner in which the Executive may
substantially perform his material duties in the future; (iii)&nbsp;an act of fraud or gross or willful material misconduct by the Executive; (iv)&nbsp;a willful and material violation of the material provisions of the Company&#146;s Code of Conduct
or the Company&#146;s Code of Ethics for CEO and Senior Financial Officers; or (v)&nbsp;the Executive&#146;s material breach of <U>Sections 7(a)</U> and <U>7(b)</U>. Anything herein to the contrary notwithstanding, the Executive shall not be
terminated for &#147;Cause&#148; hereunder unless (A)&nbsp;written notice stating the basis for the termination is provided to the Executive, (B)&nbsp;as to clauses (ii), (iv) or (v)&nbsp;of this paragraph, he fails to cure such neglect or conduct
within thirty (30)&nbsp;days following receipt of such notice, (C)&nbsp;he has an opportunity (represented by counsel) to address a meeting of the Board, and (D)&nbsp;after such meeting (or if the Executive declines to meet), there is a 75% vote of
the Board (not counting the Executive) to terminate his employment for Cause. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change in
Control</U>&#148; means: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;A &#147;change in the ownership of the Company&#148; which shall occur on the date
that any one person, or more than one person acting as a group, acquires ownership of stock in the Company that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the
stock of the Company as of the Effective Date; however, if any one person or more than one person acting as a group is considered to own more than 50% of the total fair market value or total voting power of the stock of the Company, the acquisition
of additional stock by the same person or persons will not be considered a &#147;change in the ownership of the Company&#148; (or to cause a &#147;change in the effective control of the Company&#148; within the meaning of paragraph (ii)&nbsp;below)
and an increase of the effective percentage of stock owned by any one person, or persons acting as a group, as a result of a transaction in which the Company acquires its stock in exchange for property will be treated as an acquisition of stock for
purposes of this paragraph; provided, further, however, that for purposes of this paragraph (i), any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company shall not
constitute a Change in Control. This paragraph (i)&nbsp;applies only when there is a transfer of the stock of the Company (or issuance of stock) and stock in the Company remains outstanding after the transaction; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;A &#147;change in the effective control of the Company&#148; which shall occur on the date that either
(A)&nbsp;any one person, or more than one person acting as a group, acquires (or has acquired during the twelve month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing
30% or more of the total voting power of the stock of the Company, except for any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company; or (B)&nbsp;a majority of
the members of the Board are replaced during any twelve-month period by directors whose appointment or election is not endorsed by a </P>
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majority of the members of the Board prior to the date of the appointment or election. For purposes of a &#147;change in the effective control of the Company,&#148; if any one person, or more
than one person acting as a group, is considered to effectively control the Company within the meaning of this paragraph (ii)&nbsp;after the Effective Date, the acquisition of additional control of the Company by the same person or persons is not
considered a &#147;change in the effective control of the Company,&#148; or to cause a &#147;change in the ownership of the Company&#148; within the meaning of paragraph (i)&nbsp;above; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;A &#147;change in the ownership of a substantial portion of the Company&#146;s assets&#148; which shall occur on
the date that any one person, or more than one person acting as a group, acquires (or has acquired during the twelve month period ending on the date of the most recent acquisition by such person or persons) assets of the Company that have a total
gross fair market value equal to or more than 40% of the total gross fair market value of all the assets of the Company immediately prior to such acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of
the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. Any transfer of assets to an entity that is controlled by the stockholders of the Company immediately after the
transfer, as provided in guidance issued pursuant to Code Section&nbsp;409A, shall not constitute a Change in Control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of the definition of
Change in Control, the provisions of Section&nbsp;318(a) of the Code regarding the constructive ownership of stock will apply to determine stock ownership; provided, that, stock underlying unvested options (including options exercisable for stock
that is not substantially vested) will not be treated as owned by the individual who holds the option. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company Affiliate</U>&#148; means any entity controlled by, in control of, or under common control with,
the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Competitive Enterprise</U>&#148; means (i)&nbsp;a business enterprise that engages in
nitrogen and climate control in competition with the Company or its subsidiaries (the &#147;<U>Company&#146;s Business</U>&#148;) (a) in the United States of America, or (b)&nbsp;in any other country where the Company or its subsidiaries operates
facilities or sells such products. Notwithstanding the foregoing, in the event a business enterprise (including, without limitation, any entity, or private equity or hedge fund) has one or more lines of business that do not involve the
Company&#146;s Business, the Executive shall be permitted to associate with such business enterprise if, and only if, the Executive does not participate in, or have supervisory authority with respect to, any line of business involving the
Company&#146;s Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Confidential Information</U>&#148; means all
<FONT STYLE="white-space:nowrap">non-public</FONT> information concerning trade secrets, <FONT STYLE="white-space:nowrap">know-how,</FONT> software, developments, inventions, processes, technology, designs, financial data, strategic business plans
or any proprietary or confidential information, documents or materials in any form or media, including any of the foregoing relating to research, operations, finances, current and proposed products and services, vendors, customers, advertising and
marketing, and other <FONT STYLE="white-space:nowrap">non-public,</FONT> proprietary, and confidential information of the Company or the Company Affiliates. Notwithstanding anything to the contrary contained herein, the general skills, knowledge and
experience gained during the Executive&#146;s employment </P>
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with the Company, information publicly available or generally known within the industry or trade in which the Company competes and information or knowledge possessed by the Executive prior to his
employment by the Company, shall not be considered Confidential Information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Date of
Termination</U>&#148; means (i)&nbsp;if the Executive&#146;s employment is terminated by the Executive&#146;s death, the date of the Executive&#146;s death; (ii)&nbsp;if the Executive&#146;s employment is terminated because of the Executive&#146;s
Disability pursuant to <U>Section&nbsp;9(a)(ii)(A)</U>, thirty (30)&nbsp;days after Notice of Termination, <U>provided</U> that the Executive shall not have returned to the performance of the Executive&#146;s duties on a full-time basis during such
thirty <FONT STYLE="white-space:nowrap">(30)-day</FONT> period; (iii)&nbsp;if the Executive&#146;s employment is terminated during the Term by the Company pursuant to <U>Section&nbsp;9(a)(ii)(B)</U> or by the Executive pursuant to
<U>Section&nbsp;9(a)(iii)</U>, the date specified in the Notice of Termination consistent with this Agreement; or (v)&nbsp;if the Executive&#146;s employment is terminated upon the expiration of the Term pursuant to <U>Section&nbsp;1</U>, the last
day of the applicable Term. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Disability</U>&#148; means the inability of the Executive to perform the
Executive&#146;s material duties hereunder due to a physical or mental injury, infirmity or incapacity, which is expected to exceed one hundred eighty (180)&nbsp;days (including weekends and holidays) in any three hundred sixty-five <FONT
STYLE="white-space:nowrap">(365)-day</FONT> period, as determined by the Executive&#146;s treating physician in his reasonable discretion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Good Reason</U>&#148; means (i)&nbsp;any material diminution in the Executive&#146;s job duties,
authorities or responsibilities (including, without limitation, the removal of the Executive as EVP &#150; Manufacturing of the Company, the Executive failing to be the EVP &#150; Manufacturing of any surviving or successor entity, including the
ultimate parent, or the Company&#146;s stock (or following a Change in Control, the surviving or successor entity&#146;s stock) no longer being (or not being) publicly traded on the New York Stock Exchange or NASDAQ); (ii)&nbsp;a reduction in the
Executive&#146;s Base Salary or Target Bonus as a percentage of Base Salary; (iii)&nbsp;the failure of the Executive to report solely and directly to the Chief Executive Officer of the Company (including any successor entity); (iv)&nbsp;the
assignment of duties substantially inconsistent with the Executive&#146;s status as EVP &#150; Manufacturing of the Company; (v)&nbsp;a relocation of the Executive&#146;s primary place of employment to a location more than fifty (50)&nbsp;miles from
the current location of the Company&#146;s offices in Oklahoma City, Oklahoma; (vi)&nbsp;any other material breach of this Agreement by the Company, (vii)&nbsp;the failure of the Company to obtain the assumption in writing of its obligations under
the Agreement by any successor to all or substantially all of the assets of the Company after a merger, consolidation, sale or similar transaction in which such Agreement is not assumed by operation of law or (viii)&nbsp;on or following a Change in
Control, the failure of the surviving or successor entity to provide the Executive with an Equity Award with terms no less favorable to the Executive, and with a grant date value equal to or greater than the aggregate grant date value of the equity
awards granted to the Executive by the Company during the <FONT STYLE="white-space:nowrap">12-month</FONT> period immediately prior to the Change in Control. In order to invoke a termination for Good Reason, (A)&nbsp;the Executive must provide
written notice to the Company within ninety (90)&nbsp;days of the later of the occurrence, or the Executive&#146;s knowledge, of any event of &#147;Good Reason,&#148; (B) the Company must fail to cure such event within thirty (30)&nbsp;days of the
giving of such notice and (C)&nbsp;the Executive must provide a Notice of Termination within thirty (30)&nbsp;days following the expiration of the Company&#146;s cure period. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U><FONT STYLE="white-space:nowrap">Non-Compete</FONT>
Period</U>&#148; means the period commencing on the Effective Date and ending twenty four (24)&nbsp;months after the Executive&#146;s Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Term</U>&#148; shall have the meaning ascribed to such term in <U>Section&nbsp;10(f)</U> of this
Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned have duly executed and delivered this Agreement, or have
caused this Agreement to be duly executed and delivered on their behalf. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><B>LSB INDUSTRIES, INC.</B></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mark T. Behrman</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Mark T. Behrman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President and Chief Executive Officer</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><B>EXECUTIVE</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ John H. Diesch</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">John H. Diesch</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Form of Release) </B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>GENERAL RELEASE </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">I, John H. Diesch, in consideration of and subject to the performance by LSB Industries, Inc. (together with its affiliated companies and
subsidiaries and its successors and assigns, the &#147;<U>Company</U>&#148;), of its obligations under <U>Section</U><U></U><U>&nbsp;10</U> of the Employment Agreement, dated as of February&nbsp;11, 2019 (the &#147;<U>Agreement</U>&#148;), do hereby
release and forever discharge as of the date hereof the Company and its respective affiliates and subsidiaries and all present, former and future directors, officers, agents, representatives, employees, successors and assigns of the Company and/or
its respective affiliates and subsidiaries and direct or indirect owners (collectively, the &#147;<U>Released Parties</U>&#148;) to the extent provided herein (this &#147;<U>General Release</U>&#148;). Terms used herein but not otherwise defined
shall have the meanings given to them in the Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;I understand that, other than the Accrued Benefits, the
payments or benefits paid or granted to me under <U>Section&nbsp;10</U> of the Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree
that I will not receive the payments and benefits specified in <U>Section&nbsp;10</U> of the Agreement, other than the Accrued Benefits, unless I execute this General Release and do not revoke this General Release within the time period permitted
hereafter. Such payments and benefits will not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in paragraph 4 below and except for the provisions of the Agreement which expressly survive the
termination of my employment with the Company, I knowingly and voluntarily (for myself, my heirs, executors, administrators and assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits,
controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys&#146; fees, or liabilities of any nature
whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known or unknown, suspected, or claimed against the Company and/or any of the Released Parties which I,
my spouse, or any of my heirs, executors, administrators or assigns, ever had, now have, or hereafter may have, by reason of any matter, cause, or thing whatsoever, from the beginning of my initial dealings with the Company to the date of this
General Release, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to my employment relationship with Company, the terms and conditions of that employment relationship, and the
termination of that employment relationship (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment
Act of 1967, as amended (including the Older Workers Benefit Protection Act), the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and
Notification Act; the Employee Retirement Income Security Act of 1974; any </P>
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applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other
local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract,
infliction of emotional distress, defamation, or any claim for costs, fees, or other expenses, including attorneys&#146; fees incurred in these matters) (all of the foregoing collectively referred to herein as the &#147;Claims&#148;). I understand
and intend that this General Release constitutes a general release of all claims and that no reference herein to a specific form of claim, statute or type of relief is intended to limit the scope of this General Release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;I represent that I have made no assignment or transfer of any right, claim, demand, cause of action, or other matter
covered by paragraph 2 above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;I agree that this General Release does not waive or release any rights or claims
that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I execute this General Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the
Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). Notwithstanding anything herein to the contrary, I am not waiving any of the following
(and definition of &#147;Claims&#148; shall not include these claims or rights): (i) any claim or right to enforce the Agreement or this General Release; (ii)&nbsp;any claims which arise after the date of this General Release; (iii)&nbsp;my rights
as a shareholder of the Company; and (iv)&nbsp;my rights to be indemnified and/or defended and/or advanced expenses, including pursuant to the Company&#146;s corporate governance documents or the Indemnification Agreement (as defined in the
Agreement) or, if greater, applicable law and my rights to be covered under any applicable directors&#146; and officers&#146; insurance liability policies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;I agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all
Released Parties of any kind whatsoever with respect to claims released by me herein, including, without limitation, reinstatement, back pay, front pay, and any form of injunctive relief. Notwithstanding the foregoing, I acknowledge that I am not
waiving and am not being required to waive any right that cannot be waived under law, including the right to file an administrative charge or participate in an administrative investigation or proceeding; provided, however, that I disclaim and waive
any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;In signing this General Release, I acknowledge and intend that it shall be effective as a bar to each and every one
of the Claims hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected
Claims (notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or
implied. I acknowledge and agree that this waiver is an essential and material term of this General Release and that </P>
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without such waiver the Company would not have agreed to the terms of the Agreement. I further agree that in the event that I should bring a Claim seeking damages against the Company, or in the
event that I should seek to recover against the Company in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such Claims to the maximum extent permitted by law. I further agree that I
am not aware of any pending Claim, or of any facts that could give rise to a Claim, of the type described in paragraph 2 as of the execution of this General Release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;I agree that neither this General Release, nor the furnishing of the consideration for this General Release, shall
be deemed or construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;I agree that I will forfeit all amounts payable by the Company pursuant to the Agreement if I challenge the validity
of this General Release. I also agree that if I violate this General Release by suing the Company or the other Released Parties with respect to Claims released by me herein, I will pay all costs and expenses of defending against the suit incurred by
the Released Parties, including reasonable attorneys&#146; fees, and return all payments received by me pursuant to the Agreement on or after the termination of my employment. I further agree that if I materially violate any of my post-employment
obligations under <U>Sections 6 or 7</U> of the Agreement, I will also forfeit any cash severance amounts payable by the Company pursuant to either <U>Section&nbsp;10(d) or Section&nbsp;10(e)</U> of the Agreement, as applicable, other than the
Accrued Benefits, and will return any such sums already paid, on an <FONT STYLE="white-space:nowrap">after-tax</FONT> basis, to the Company; provided that no such payments shall be subject to forfeiture and/or repayment unless the Company has
provided me with written notice of the events giving rise to such forfeiture and/or repayment and I have not ceased to engage in such activities within fifteen (15)&nbsp;days of my receipt of such written notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;I agree that this General Release is confidential and agree not to disclose any information regarding the terms of
this General Release, except to my immediate family and any tax, legal or other counsel that I have consulted regarding the meaning or effect hereof (and I will instruct each of the foregoing not to disclose the same to anyone) or as required by law
or to the extent reasonably necessary in connection with any dispute between me and the Company regarding this General Release or the Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;Any <FONT STYLE="white-space:nowrap">non-disclosure</FONT> provision in this General Release does not prohibit or
restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying facts and circumstances by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any other
self-regulatory organization or governmental entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;I hereby acknowledge that <U>Sections 6, 7, 8, 10, 11,
12, 13, 14, 15, 16, 17, 19, 20, 21, 23, 24 and 25</U> of the Agreement shall survive my execution of this General Release. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;I represent that I am not aware of any Claim by me, and I
acknowledge that I may hereafter discover Claims or facts in addition to or different than those which I now know or believe to exist with respect to the subject matter of the release set forth in paragraph 2 above and which, if known or suspected
at the time of entering into this General Release, may have materially affected this General Release and my decision to enter into it. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish,
diminish, or in any way affect any rights or claims arising out of any breach by the Company or by any Released Party of the Agreement after the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;Whenever possible, each provision of this General Release shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall
not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. This General
Release constitutes the complete and entire agreement and understanding among the parties, and supersedes any and all prior or contemporaneous agreements, commitments, understandings or arrangements, whether written or oral, between or among any of
the parties, in each case concerning the subject matter hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I HAVE READ IT CAREFULLY; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO,
RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990 AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
OF 1974, AS AMENDED; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I VOLUNTARILY CONSENT TO EVERYTHING IN IT; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR AFTER CAREFUL READING
AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION, </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I HAVE HAD AT LEAST [21][45] DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE TO CONSIDER IT AND THE CHANGES
MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED <FONT STYLE="white-space:nowrap">[21][45]-DAY</FONT> PERIOD; </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I UNDERSTAND THAT I HAVE SEVEN (7)&nbsp;DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS
RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; AND </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO
ADVISE ME WITH RESPECT TO IT. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">SIGNED:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">DATE:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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