EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of this 26 th
day of November, 2008 by and between Zoltek Companies, Inc. (“Company”), and Andrew W. Whipple
(“Executive”). In consideration of the mutual covenants and promises herein contained, the adequacy of which is
hereby acknowledged, Company and Executive hereby agree as follows.
Company employs Executive, and Executive accepts employment by Company upon all of the terms and
conditions set out in this Agreement.
II. Positions and Duties
2.1 Positions . Executive shall serve as Chief Accounting Officer of Company during the term of this Agreement.
2.2 Duties, Responsibilities and Involvement . Executive will report to the Chief Executive Officer and will
perform those duties customarily performed by a Chief Accounting Officer. Executive shall also have such other
responsibilities as may be reasonably assigned to him from time to time by the Chief Executive Officer and/or the
2.3 Commitment to Company . Executive shall devote his full-time efforts to the business of Company, and shall
not, during the term of this Agreement, be engaged in any other business activity which requires a significant portion of
his personal time and attention whether or not such business activity is pursued for gain, profit or other pecuniary
advantage. This shall not be construed as preventing Executive from investing Executive’s assets in such form or
manner consistent with the restrictions in Section 10.1, below, which will not require any services on the part of
Executive in the operation or affairs of the entities in which such investments are made.
2.4 Compliance . Executive agrees to abide by the Articles of Incorporation and Bylaws of Company and such
reasonable rules and regulations, as are adopted from time to time by the Board. Executive also agrees to conduct
himself so as to be in compliance with all applicable laws and regulations issued by local, state or