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EXHIBIT 10.6

Exhibit 10.6

Assumption and Supplemental Guaranty Agreement

               This Agreement dated as of this 21st day of April, 2003, from Melamine Chemicals, Inc., a Delaware corporation (the "New Guarantor"), to the Banks (as defined in the Guaranty Agreement hereinafter identified and defined);

Witnesseth that:

               Whereas, certain parties have executed and delivered to the Banks that certain Amended and Restated Guaranty Agreement dated as of November 15, 2002 (such Amended and Restated Guaranty Agreement, as the same may from time to time be modified or amended, including supplements thereto which add additional parties as Guarantors thereunder, being hereinafter referred to as the "Guaranty Agreement") pursuant to which such parties (the "Existing Guarantors") have guarantied the payment when due to the Agent and the Banks of any and all indebtedness, obligations and liabilities of Mississippi Chemical Corporation (the "Borrower") to the Agent and the Banks; and

               Whereas, the Borrower provides the New Guarantor with substantial financial, managerial, administrative, technical and design support and the New Guarantor will directly and substantially benefit from credit and other financial accommodations extended and to be extended by the Banks to the Borrower;

               Now, therefore, for value received, and in consideration of advances made or to be made, or credit accommodations given or to be given, to the Borrower by the Banks from time to time, the New Guarantor hereby agrees as follows:

               1.     The New Guarantor acknowledges and agrees that it shall become a "Guarantor" party to the Guaranty Agreement effective upon the date the New Guarantor's execution of this Agreement and the delivery of this Agreement to the Agent, and that upon such execution and delivery, all references in the Guaranty Agreement to the terms "Guarantor" or "Guarantors" shall be deemed to include the New Guarantor.  Without limiting the generality of the foregoing, the New Guarantor hereby repeats and reaffirms all covenants, agreements, representations and warranties contained in the Guaranty Agreement as amended hereby, each and all of which are and shall remain applicable to the New Guarantor.  Without limiting the foregoing, the New Guarantor hereby jointly and severally guarantees the full and prompt payment to the Agent and each of the Banks when due (whether by acceleration, lapse of time or otherwise) and at all times thereafter of principal of and interest on all Indebtedness of the Borrower under the Credit Agreement, and all amendments, modifications, extensions or renewals of all or any part thereof and all other indebtedness, liabilities and obligations of the Borrower to the Banks and the Agent under the Credit Agreement.

               2.     The New Guarantor hereby acknowledges and agrees that the New Guarantor's obligations hereunder and under the Guaranty Agreement are otherwise on and subject to, the terms and conditions of the Guaranty Agreement to the same extent and with the same force and effect as if the New Guarantor had originally been one of the Existing Guarantors under the Guaranty Agreement and had originally executed the same as such an Existing Guarantor.

               3.     All capitalized terms used in this Agreement without definition shall have the same meaning herein as such terms have in the Guaranty Agreement, except that any reference to the term "Guarantor" or "Guarantors" in any provision of the Guaranty Agreement providing meaning to such term shall be deemed a reference to the Existing Guarantors and the New Guarantor.  Except as specifically modified hereby, all of the terms and conditions of the Guaranty Agreement shall stand and remain unchanged and in full force and effect.

               4.     The New Guarantor agrees to execute and deliver such further instruments and documents and do such further acts and things as the Agent may deem necessary or proper to carry out more effectively the purposes of this Agreement.

               5.     No reference to this Agreement need be made in the Guaranty Agreement or in any other document or instrument making reference to the Guaranty Agreement, any reference to the Guaranty Agreement in any of such other documents and instruments to be deemed a reference to the Guaranty Agreement as modified hereby.

               6.     This Agreement shall be governed by and construed in accordance with the State of Illinois (without regard to principles of conflicts of law) in which state it shall be performed by the New Guarantor.

	 	
MELAMINE CHEMICALS, INC.

	 	 
	 	
By   /s/ Timothy A. Dawson

	 	
    Its     Vice President - FinanceEXHIBIT 10.16

EXHIBIT 10.16

FIRST AMENDMENT OF EMPLOYMENT AGREEMENT

 

          THAT CERTAIN EMPLOYMENT AGREEMENT (the "Agreement") entered into as of August 1, 2002, by and between Charles O. Dunn ("Executive") and Mississippi Chemical Corporation ("Company") (which Agreement amended, restated and superseded, in its entirety, that certain Severance Agreement initially effective as of July 29, 1996, by and between the Company and Executive), is hereby amended in the following particulars:

          1.     Section 3.c is hereby amended by deleting the word "Year" and substituting the word "Period" in lieu and instead thereof, in each of the three locations in which the word "Year" appears.

          2.     Section 3.d is hereby amended by deleting the word "Year" and substituting the word "Period" in lieu and instead thereof, in each of the three locations in which the word "Year" appears in the opening paragraph.

          3.     Section 3.d is hereby further amended by deleting the word "Year" and substituting the word "Period" in lieu and instead thereof in each of the following subsections: (iii), (iv), (vi), (vii) and (viii).

          4.     Section 6 of Schedule A attached to and incorporated into the Agreement is hereby amended by deleting the date "July 31, 2004" and substituting the date "June 30, 2005" in lieu and instead thereof.

          5.     Section 7 of Schedule A attached to and incorporated into the Agreement is hereby deleted in its entirety and the following new Section 7 is substituted in lieu and instead thereof:

                              7.     "First Period" shall mean the period beginning August 1, 2002,

                  and ending June 30, 2004.

          6.     Section 10 of Schedule A attached to and incorporated into the Agreement is hereby deleted in its entirety and the following new Section 10 is substituted in lieu and instead thereof:

                              10.     "Second Period" shall mean the period beginning July 1, 2004,

                   and ending June 30, 2005.

          THIS AMENDMENT may be executed in multiple counterparts, each of which shall be deemed an original and each to be effective as of the Effective Date of the Agreement.

MISSISSIPPI CHEMICAL CORPORATION          EXECUTIVE

By:   /s/ Coley L. Bailey                                            
       By:   /s/ Charles O. Dunn

        Coley L. Bailey                               
                         
  Charles O. Dunn

Its:    Chairman of the Board of Directors                       
      President and Chief Executive Officer

Date:    As of 4/30/03                                                            
Date:   As of 4/30/03EXHIBIT 10.17

EXHIBIT 10.17

SCHEDULE OF SUBSTANTIALLY IDENTICAL EMPLOYMENT AGREEMENTS OF NAMED EXECUTIVE OFFICERS

          (a)     Timothy A. Dawson has entered into an Employment Agreement with the Company that is substantially identical to the Employment Agreement included as Exhibit 10.13 to the Company's Annual Report on Form 10-K, as amended by that certain First Amendment, dated as of April 30, 2003, included as Exhibit 10.17 to this Form 10-Q, and that differs only with respect to the name of the person on the Agreement and the effective date of the Severance Agreement amended, restated and superseded by the Employment Agreement.

          (b)     C.E. McCraw and Robert E. Jones have entered into an Employment Agreement with the Company that is substantially identical to the Employment Agreement included as Exhibit 10.13 to the Company's Annual Report on Form 10-K by that certain First Amendment, dated as of April 30, 2003, included as Exhibit 10.17 to this Form 10-Q, and that differs only with respect to the name of the person on the Agreement and with respect to Section 3.e.(vii) thereof which states as follows:

"(vii) the Company will, at its own expense and until the earlier of Executive's 65th birthday and the tenth anniversary of the Termination Date, provide Executive with life insurance, disability and accidental death and dismemberment benefits at the highest level provided to Executive since the Effective Date hereof, provided that Executive has executed and delivered to the Company (and not revoked) the Release;"

          (c)     William L. Smith has entered into an Employment Agreement with the Company that is substantially identical to the Employment Agreement included as Exhibit 10.13 to the Company's Annual Report on Form 10-K, as amended by that certain First Amendment, dated as of April 30, 2003, included as Exhibit 10.17 to this Form 10-Q, and that differs only with respect to the name of the person on the Agreement and with respect to the following Sections: 2(a) - no Change of Control benefit; 2(c) - the Named Executive Officer will only devote partial time to the Company and may engage in the private practice of law; 2(e) - the Named Executive Officer is not entitled to vacation benefits; 3(b) - termination benefits limited to accrued unpaid salary except as otherwise required by law; 3(c) - termination benefits limited to unpaid salary for the remainder of the term; 3(d)-(h), 4-5, 7 - not applicable; Schedule A - Employment Term ends December 31, 2003.

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