Richard T. Penning
THIS AGREEMENT is entered into as of January 22, 2007 and made effective as of January 15, 2007
between Rentech, Inc. (the “ Company ”) and Richard T. Penning (“ Executive ”).
In consideration of the mutual covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Employment . The Company shall employ Executive, and Executive hereby accepts employment with the
Company, upon the terms and conditions set forth in this Agreement, for the period beginning on January 15,
2007 (the “ Commencement Date ”) and ending as provided in Section 4 hereof (the “ Employment Period ”).
2. Position and Duties .
(a) During the Employment Period, Executive shall serve as Executive Vice President of Commercial Affairs
of the Company. During the Employment Period, Executive shall render such administrative, financial and other
executive and managerial services to the Company and its affiliates (the “ Company Group ”) as are consistent
with Executive’s position and the by-laws of the Company and as the Chief Executive Officer (“ CEO ”) may
from time to time reasonably direct. Executive shall also serve for no additional compensation or remuneration as
an officer or director of such subsidiaries of the Company as may from time to time be designated by the CEO or
the Board of Directors of the Company (the “ Board ”).
(b) During the Employment Period, Executive shall report to the CEO and shall devote his best efforts and his
full business time and attention (except for permitted vacation periods and reasonable periods of illness or other
incapacity) to the business and affairs of the Company. Executive shall perform his duties, responsibilities and
functions to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficien