Document:

Patent and Trademark License Agreement

 Exhibit 10.5 
  
 PATENT AND TRADEMARK LICENSE AGREEMENT 
  
 THIS AGREEMENT is made this 15th day of June, 2004 by and between FT Solutions LLC, a Delaware limited liability
company (“Licensor”), and Rentech, Inc., a Colorado corporation (“Licensee”). Capitalized terms used but not otherwise defined herein shall have the meanings given in the Operating Agreement of Licensor. 

 
 BACKGROUND 
  
 Licensee desires to license the Intellectual Property and Marks owned by
Licensor (or which Licensor has a right to use) from Licensor and Licensor is willing to grant to Licensee an exclusive license to use, distribute and sublicense the Intellectual Property and Marks throughout the world subject and pursuant to the
terms and conditions herein. 
  
 NOW, THEREFORE, in
consideration of the foregoing, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: 
  
 1. Grant of License and Distribution Rights. 
  
 (a) Licensor hereby grants to Licensee an exclusive (even as to Licensor),
irrevocable right and license to market, promote, sublicense (subject to Sections 2 and 3 below), sell and otherwise distribute products and services covered by the Intellectual Property (including without limitation the patents, patent applications
and patent rights listed on Annex A hereto and any Derivative Works) throughout the world to Persons requiring such products and services covered by the Intellectual Property in connection with Non-Qualified GTL Projects; provided that
Licensor shall retain the exclusive right to supply catalyst as described in Section 10.5 of the Operating Agreement. 
  
 (b) Licensor hereby grants to Licensee an exclusive (except as to Licensor), irrevocable right and license (including the right, subject to Sections 2 and
3 below, to sublicense) to modify, adapt, update, develop upgrades for and otherwise create derivative works and improvements based on or related to the Intellectual Property (collectively, “Derivative Works”). 
  
 (c) Licensor hereby grants to Licensee an exclusive (except as to Licensor),
irrevocable right and license (including the right, subject to Sections 2 and 3 below, to sublicense) to use the Intellectual Property and any Derivative Works for its own purposes solely in support of Sections 1.a. and 1.b. above. 
  
 (d) Licensor hereby grants to Licensee a non-exclusive right and license to
use and sublicense the Marks in connection solely with catalysts, products and services provided by Licensee that relate to or are covered by the Intellectual Property. 

 (e) Licensor retains all rights for Qualified GTL Projects to market, promote, use, license, sell and
distribute products and services covered by the Intellectual Property, Derivative Works and Marks. 
  
 2. Sublicensing. Any sublicense of the Intellectual Property permitted under Sections 1.a., 1.b. and 1.c. above from Licensee to a third-party
sublicensee (“Sublicensee”) shall be in writing and shall require the Sublicensee to agree to comply with and observe the terms applicable to Sublicensees in this Agreement, including without limitation, provisions relating to the
Licensor’s and/or Licensee’s ownership or right to use any Derivative Works created or otherwise contributed to by any such Sublicensee. 
  
 3. Royalty. Licensee shall not pay a royalty to Licensor, but shall receive distributions pursuant to the terms and conditions of the Operating
Agreement of the Licensor. 
  
 4. Ownership of Intellectual
Property. 
  
 (a) Licensee and any Sublicensee acknowledge
that as between Licensor and Licensee, or Licensor and Sublicensee as the case may be, Licensor owns all right, title and interest in and to the Intellectual Property and Marks, and Licensee and any Sublicensee agree that all use of the Intellectual
Property and Marks shall inure to the benefit of and be on behalf of Licensor. Other than as expressly provided, neither Licensee nor Sublicensee shall acquire any rights in or to the Intellectual Property or Marks. Licensor shall own all right,
title and interest in and to any Derivative Works. 
  
 (b)
Licensee and any Sublicensee shall, at Licensor’s expense, execute all documents and otherwise reasonably cooperate in establishing, confirming and enforcing Licensor’s ownership rights or other interests in and to the Intellectual
Property and Marks. Licensor shall, at Licensor’s expense, execute all documents and otherwise reasonably cooperate in establishing, conforming and enforcing Licensee’s ownership rights or other interests in and to any Derivative Works.

  
 5. Confidentiality and Non-Disclosure. 
  
 (a) Licensor, Licensee and any Sublicensee each agree that it shall not use
in an unauthorized manner, disclose, reproduce, publish, distribute or disseminate, in whole or in part, to any third party, any proprietary or confidential information received in connection with this Agreement, the Intellectual Property or the
performance of any obligations herein. 
  
 (b) The above
obligations of confidentiality and non-disclosure shall not extend to proprietary or confidential information which: (a) was known to the receiving party prior to receipt thereof from the disclosing party, (b) is disclosed to the receiving party in
good faith by a third party under no obligation of confidence and with the right to make such disclosure, (c) is or shall have become part of the public domain through no fault of the receiving party or any other party with an obligation of
confidentiality to the disclosing party, or (d) is required to be disclosed by the receiving party by order of a court of competent jurisdiction, administrative agency or governmental body, or by any law, rule or regulation, or by subpoena, or any
other administrative or legal process, or by applicable regulatory standards; provided, however, that the disclosing party is promptly informed of any such requirement and has a reasonable opportunity to apply for protection from such disclosure,
which application will not be contested by the receiving party. 
  

 2 

 (c) The foregoing confidentiality and non-disclosure obligations shall survive the term of this
Agreement. 
  
 6. Infringement by Third Parties.

  
 (a) Licensee agrees, promptly upon discovery, to notify
Licensor in writing of any unauthorized use or potential unauthorized use of the Intellectual Property or Marks by third parties of which it becomes aware. As between Licensor and Licensee, Licensee shall have the sole right and discretion, subject
to Section 6.b. below, to take appropriate legal action involving the Intellectual Property and Marks. If Licensee decides that taking legal action is appropriate, Licensee will be responsible for any costs incurred and will be entitled to retain
any damages it recovers. Licensor agrees to cooperate fully with Licensee (including giving its consent to being joined as a party in any such legal action), at the sole expense of Licensee, with respect to any such legal action and shall each be
entitled to retain any damages it recovers, provided that (i) a reasonable portion of any such recovery by Licensor be used to reimburse Licensee for a reasonable portion of Licensee’s actual legal expenses and (ii) to the extent
Licensor’s recovery is properly attributable to harm sustained by Licensor in connection with Licensee’s exclusive rights under this Agreement, Licensor shall be entitled to a reasonable portion of any such recovery. 
  
 (b) In the event that Licensee elects not to take legal action pursuant to
Section 6.a. above, Licensor may do so, at its sole expense. In this case, Licensee agrees to cooperate fully with Licensor (including giving its consent to being joined as a party in any such legal action), at the sole expense of Licensor, with
respect to any such legal action. 
  
 7. Indemnity.
Licensor shall, at its sole expense, defend or settle any claim, action or allegation brought against Licensee and any Sublicensee on the grounds that the Intellectual Property or Marks, or use thereof (provided that such use is consistent with this
Agreement), infringes any patent, copyright, trademark or trade secret, or any intellectual property right of any third party so long as Licensee and any Sublicensee give prompt written notice to Licensor of any such claim, action or allegation of
infringement. Licensor shall have the exclusive right to defend any such claim, action or allegation and make settlements thereof at its own discretion, provided that Licensor shall not impose any obligation upon Licensee or any Sublicensee without
the prior written approval of Licensee or such Sublicensee. Licensee and any Sublicensee shall give such assistance and information (including giving its consent to being joined as a party in any legal action), at the sole expense of Licensor, as
Licensor may reasonably require to settle or oppose such claims. 
  
 8. No Contest. Licensee and any Sublicensee each agree that it shall not challenge, dispute or otherwise contest, or assist others in challenging, disputing or otherwise contesting, the validity, enforceability or ownership by
Licensor of the Intellectual Property and Marks. Licensor agrees that it shall not challenge, dispute or otherwise contest, or assist others in challenging, disputing or otherwise contesting the validity, enforceability or ownership by Licensee of
the Derivative Works. 
  

 3 

 9. Term. This Agreement, and the license and rights granted to Licensee and any Sublicensee
herein, shall continue during the life of any patent owned or licensed by Licensor containing a claim covering the Intellectual Property or while any application for patent owned or licensed by Licensor containing a claim covering the Intellectual
Property is pending, whichever is later. 
  
 10.
Representations and Warranty. 
  
 (a) Licensor represents
that as of the date of this Agreement, Licensor has sufficient rights, title and interest in and to the Intellectual Property and Marks to provide the license contemplated herein and that the grant of license herein shall not violate, conflict with
or result in a breach of or default by Licensor of any other agreement. 
  
 (b) Licensor represents that as of the date of this Agreement, Licensor has no knowledge that the Intellectual Property or Marks (including the use thereof in accordance with this Agreement) infringes any patents, copyrights, trademarks,
trade secrets or other intellectual property rights of any third party. 
  
 (c) Licensor represents and warrants that the Intellectual Property and any documentation and/or training provided shall be sufficient and adequate to permit Licensee to use and access the Intellectual Property in accordance with this
Agreement. 
  
 (d) EXCEPT AS SET FORTH IN SECTIONS 10.a., 10.b.
AND 10.c. ABOVE, LICENSOR MAKES NO REPRESENTATIONS OR WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, REGARDING OR RELATING TO THE INTELLECTUAL PROPERTY AND MARKS, OR ANY MATERIALS OR SERVICES FURNISHED OR PROVIDED TO LICENSEE UNDER THIS
AGREEMENT, OTHER THAN AS EXPRESSLY PROVIDED, LICENSOR SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS AND MARKS. 
  
 11. LIMITATION OF LIABILITIES. IN NO EVENT WILL LICENSOR BE LIABLE FOR
ANY LOSS OF PROFITS, LOSS OF USE, BUSINESS INTERRUPTION, LOSS OF DATA, COST OF COVER OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND, WHETHER ALLEGED AS A BREACH OF CONTRACT OR TORTIOUS CONDUCT, INCLUDING NEGLIGENCE, EVEN IF
LICENSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL LICENSOR BE LIABLE TO LICENSEE OR ANY SUBLICENSEE OR ANY OTHER ENTITY FOR ANY DAMAGES OR LOSS CAUSED BY DELAY IN DELIVERY OR FURNISHING OF DATA USING THE INTELLECTUAL
PROPERTY. THE FOREGOING LIMITATIONS SHALL NOT APPLY TO (I) INDEMNIFICATION OBLIGATIONS, OR (II) BREACHES OF THE CONFIDENTIALITY OBLIGATIONS. 
  
 12. Miscellaneous. 
  
 (a) Complete Agreement. This Agreement, including any exhibits, schedules and annexes attached hereto, together with the Operating Agreement of
Licensor and the Additional Agreements defined therein, constitutes the entire agreement between the parties with respect to the subject matter hereof, and supersedes all prior agreements and understandings, both written and oral, between the
parties with respect to such subject matter. 
  

 4 

 (b) Assignment; Transfer. This Agreement, and the obligations, rights or license hereunder, may
not be assigned or transferred by Licensee. 
  
 (c) Successors
and Assigns. This Agreement is binding on and inures to the benefit of the parties and their respective successors and assigns. 
  
 (d) Governing Law; Venue; Jurisdiction. This Agreement, and the rights and obligations of the parties hereunder, shall be governed, including,
without limitation, as to validity, interpretation and effect, by the laws of Delaware, United States without regard to the principles of conflict of laws. 
  
 (e) Severability. In the event that any provision of this Agreement conflicts with the law under which this Agreement is to be construed, or if any
such provision is held invalid by a court with jurisdiction over the parties to this Agreement, and the subject matter of this Agreement, (i) such provision will be deemed to be restated to reflect as nearly as possible the original intentions of
the parties in accordance with applicable law and (ii) the remaining terms, provisions, covenants and restrictions of this Agreement will remain in full force and effect. 
  
 (f) Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original and all of
which together will constitute one and the same document. 
  
 (g)
Waiver; Amendment. No waiver of any term, condition or obligation of this Agreement shall be valid unless in writing and signed by the waiving party. No waiver of any one or several of the terms, conditions or obligations of this Agreement,
and no partial waiver thereof, shall be construed as a waiver of any of the other terms, conditions or obligations of this Agreement. This Agreement may not be amended, changed or modified in any fashion except by written instrument signed by each
of the parties hereto. 
  
 (h) Headings. The headings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
  
 Remainder of page intentionally left blank 
  

 5 

 IN WITNESS WHEREOF, each of the parties hereto by its duly authorized representative has caused this
Agreement to be executed as of the date first above written. 
  

			
	FT SOLUTIONS LLC
		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	RENTECH, INC.
		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 6 

 ANNEX A 
  
 FT Solutions LLC 
  
 Patent and Patent Applications 
 (which FT Solutions LLC has the right to use and sublicense) 
  
 Licensed from HTIG 
  

																					
	 HTIG #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	 Date
 Issued

	    	Patent
Expiration
(Based on
Filing Date)

	    	Country
References

	 HT-13
	  	6265451	  	09/399853	  	US	  	 Skeletal Iron catalyst and its preparation for fischer-
 tropsch synthesis processes
	  	 Jinglai Zhou
 Yijun Lu
 Zhixin Zhang
 Guohui Li
 Linyao Dong
 Hairong Wang
 Peizheng Zhou
	  	9/21/1999	  	 	  	7/24/2001	    	9/21/2019	    	China
(03154897,
8/9/2003)
											
	 HT-13
	  	 	  	3154897	  	China	  	Skeletal Iron catalyst and its preparation for fischer-tropsch synthesis processes	  	 Jinglai Zhou
 Yijun Lu
 Zhixin Zhang
 Guohui Li
 Linyao Dong
 Hairong Wang
 Peizheng Zhou
	  	8/9/2003	  	 	  	 	    	9/21/2019	    	US(6265451)
											
	 HT-13a
	  	 	  	09/895540	  	US	  	Skeletal Iron catalyst and its preparation for fischer-tropsch synthesis processes	  	 Jinglai Zhou
 Yijun Lu
 Zhixin Zhang
 Guohui Li
 Linyao Dong
 Hairong Wang
 Peizheng Zhou
	  	7/2/2001	  	1/24/2002	  	 	    	7/2/2021	    	China
(98119955.0,
9/23/1998)

  

 1 

																					
	 HTIG #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	 Date
 Issued

	    	Patent
Expiration
(Based on
Filing Date)

	    	Country
References

	 HT-13a
	  	 	  	98119955	  	China	  	 Skeletal Iron catalyst and its preparation for fischer-
 tropsch synthesis processes
	  	 Jinglai Zhou
 Yijun Lu
 Zhixin Zhang
 Guohui Li
 Linyao Dong
 Hairong Wang
 Peizheng Zhou
	  	9/23/1998	  	 	  	 	    	9/23/2018	    	US(09/895540)
											
	 HT-14
	  	6277895	  	09/399852	  	US	  	Skeletal Iron catalyst having improved attrition resistance and product selectivity in slurry-phase synthesis processes	  	 Peizheng Zhou
 Lap-Keung
 Lee Jinglai
 Zhou Yijun Lu
 Guohui Li
	  	9/21/1999	  	 	  	8/21/2001	    	9/21/2019	    	 
											
	 HT-14
 CP
	  	 	  	09/895621	  	US	  	Skeletal Iron catalyst having improved attrition resistance and product selectivity in slurry-phase synthesis processes	  	 Peizheng Zhou
 Lap-Keung
 Lee Jinglai
 Zhou Yijun Lu
 Guohui Li
	  	7/2/2001	  	5/2/2002	  	 	    	7/2/2021	    	 
											
	 HT-16
	  	6476086	  	 	  	US	  	Coalescence enhanced gravity separation of iron catlyst from fischer-tropsch catalyst/wax slurry	  	Peizheng Zhou	  	4/4/2001	  	 	  	11/5/2002	    	4/4/2021	    	 
											
	 HT-22
	  	 	  	10/107,915	  	US	  	Promoted Skeletal Iron Catalysts for F-T Synthesis Processes	  	P. Zhou, Y. Lu	  	3/27/2002	  	10/24/2002	  	 	    	3/27/2022	    	 
											
	 HT-28
	  	6586480	  	10/212534	  	US	  	Integrated process for the production of hydrocarbon liquids and ammonia	  	 Yijun Lu
 Peizheng Zhou
 Michael Rueter
	  	8/6/2002	  	 	  	7/1/2003	    	8/6/2022	    	China
(021574529,
12/19/02)
											
	 HT-28
	  	 	  	21574529	  	China	  	Integrated process for the production of hydrocarbon liquids and ammonia	  	 Yijun Lu
 Peizheng Zhou
 Michael Rueter
	  	########	  	 	  	 	    	8/6/2022	    	US (6586480)

  

 2 

																					
	 HTIG #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	Date
Issued

	  	Patent
Expiration
(Based on
Filing Date)

	    	Country
References

	 HT-29
	  	 	  	10/267,236	  	US	  	Slurry-Phase Process for Synthetic Gas Conversion to Hydrocarbons	  	 P. Zhou, Y. Lu, L.
 Abrams, C.
Long
	  	10/8/2002	  	6/12/2003	  	 	  	10/8/2022	    	China
(2003101015275,
10/8/2003)
											
	 HT-29
	  	 	  	2003101015275	  	China	  	Slurry-Phase Process for Synthetic Gas Conversion to Hydrocarbons	  	 P. Zhou, Y. Lu, L.
 Abrams, C. Long
	  	10/8/2003	  	 	  	 	  	10/8/2022	    	US(10/267,236)
									
	Licensed from Rentech:	  	 	  	 	  	 	  	 	  	 	  	 	  	 	    	 
	 RTK #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	Date
Issued

	  	Patent
Expiration
(Based on
Filing Date)

	    	Country
References

											
	 JWB
 0675
	  	5,324,335	  	867,456	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	4/13/92	  	 	  	6/28/94	  	6/28/2011	    	 
											
	 JWB
 1073
	  	5,500449	  	470,497	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	4/06/95	  	 	  	3/19/96	  	4/06/2015	    	 
											
	 JWB
 0972
	  	5,504,118	  	212,735	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	3/14/94	  	 	  	4/02/96	  	3/14/2014	    	 

  

 3 

																					
	 RTK #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	Date
Filed

	  	Publication
Date

	  	Date
Issued

	  	Patent
Expiration
(Based on
Filing Date)

	  	Country
References

	 JWB
 1070
	  	5,506,272	  	470,495	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	6/06/95	  	 	  	4/09/96	  	6/06/2015	  	 
											
	 CWF
 1072
	  	5,543,437	  	470,496	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	6/06/95	  	 	  	8/06/96	  	6/06/2015	  	 
											
	 JWB
 1071
	  	5,620,670	  	470,498	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	6/06/95	  	 	  	4/15/97	  	6/06/2015	  	 
											
	 JWB
 1036
	  	5,621155	  	428,793	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	4/24/95	  	 	  	4/15/97	  	4/24/2015	  	 
											
	 JWB
 0945
	  	5,645,613	  	307,014	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	9/16/94	  	 	  	7/08/97	  	6/28/2011	  	 
											
	 JWB
 2009
	  	5,763,716	  	834,837	  	US	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	4/10/97	  	 	  	6/09/98	  	4/10/2017	  	 

  

 4 

																					
	 RTK #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	 Date
 Issued

	  	Patent
Expiration
(Based on
Filing Date)

	    	Country
References

	 CWF
 3112
	  	6,068,760	  	09/130,457	  	US	  	Catalyst/Wax Separation Device For Slurry Fischer-Tropsch Reactor	  	 Charles B. Benham
 Dennis L. Yakobson
 Mark S. Bohn
	  	8/07/98	  	 	  	5/30/2000	  	8/07/2018	    	Rentec/P01AAU
Rentec/P01ACA
											
	 RM
 375
	  	6,306,917
B1	  	09/376,709	  	US	  	Process for the Production of Hydrocarbons, Power, and Carbon Dioxide from Carbon-Containing Materials	  	 Mark S. Bohn
 Charles B. Benham
	  	8/17/99	  	 	  	10/23/2001	  	8/17/2019	    	 
											
	 RM
 375c
	  	6,380,268
B1	  	09/560,248	  	US	  	Plasma Reforming/Fischer-Tropsch Synthesis	  	 Dennis L. Yakobson
 John S. Vavruska
 Edward Bohn
 Andreas Blutke
	  	4/27/2000	  	 	  	4/30/2002	  	4/27/2020	    	 
											
	 CWF
 5035
	  	6,534,552
B2	  	09/870,466	  	US	  	Producing Liquid Hydrocarbons from Natural Gas	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	6/01/2001	  	3/14/2002	  	3/18/2003	  	6/01/2021	    	 
											
	 RM
 375j
	  	6,627,666
B1	  	09/924,262	  	US	  	Fischer-Tropsch Synthesis Using Industrial Off Gas Feedstreams	  	Peter S. Pedersen	  	8/08/2001	  	 	  	9/30/2003	  	8/08/2021	    	 
											
	 RM
 375k
	  	6,632,846
B2	  	09/963,349	  	US	  	Integrated Urea Manufacturing Plants and Processes	  	 Richard O. Sheppard
 Dennis L.
Yakobson
	  	9/25/2001	  	5/9/2002	  	10/14/2003	  	9/25/2021	    	RM375m

  

 5 

																					
	 RTK #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	  	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	 Date
 Issued

	  	Patent
Expiration
(Based on
Filing Date)

	  	Country
References

	 CWF
 5032
	  	6,712,982
B2	  	10/417,107	  	US	  	Method of Removing Catalyst Particles from Wax	  	 Mark S. Bohn
 James E. Siebarth
	  	4/17/2003	  	11/06/2003	  	3/30/2004	  	4/17/2023	  	 
											
	 CWF
 5290
	  	6,730,221
B2	  	09/871,148	  	US	  	Dynamic Settler	  	 Mark S. Bohn
 James E. Siebarth
	  	5/29/2001	  	12/05/2002	  	5/04/2004	  	5/299/2021	  	CWF5153
											
	 JWB
 1849
	  	697448	  	60288/94	  	Australia	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	1/28/1994	  	 	  	1/21/1999	  	1/28/2014	  	 
											
	 Rentec
 P01AAU
	  	720266	  	56061/98	  	Australia	  	Catalyst/Wax Separation Device for Slurry Fischer-Tropsch Reactor	  	 Charles B. Benham
 Dennis L. Yakobson
 Mark S. Bohn
	  	12/15/1997	  	 	  	9/07/2000	  	12/15/2017	  	CWF3112
											
	 Rentec
 P01ACA
	  	 	  	2,274,579	  	Canada	  	Catalyst/Wax Separation Device for Slurry Fischer-Tropsch Reactor	  	 Charles B. Benham
 Dennis L. Yakobson
 Mark S. Bohn
	  	12/15/1997	  	 	  	 	  	12/15/2017	  	CWF3112
											
	 CWF
 1281
	  	188,868	  	271/DEL/94	  	India	  	Process for the Production of Hydrocarbons	  	 Charles B. Benham
 Mark S. Bohn
 Dennis L. Yakobson
	  	3/08/1994	  	 	  	1/21/2004	  	3/08/2014	  	 

  

 6 

																					
	 RTK #

	  	Patent #

	  	Application #

	  	Country

	  	 Full Title

	    	 Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	Date
Issued

	  	Patent
Expiration
(Based on
Filing Date)

	    	Country
References

	 RM
 375m
 PCT/US0
 1/30017
	  	 	  	 	  	Australia
Brazil
Canada
China
India
Indonesia	  	Integrated Urea Manufacturing Plants and Processes	    	 Richard O. Sheppard
 Dennis L.
Yakobson
	  	09/25/2001	  	4/03/2003	  	 	  	9/25/2021	    	375k
											
	 RM
 375n
	  	 	  	09/963,253	  	US	  	Process for the Production of Hydrocarbons, Power, and Carbon Dioxide from Carbon-Containing Materials	    	 Mark S. Bohn
 Charles B. Benham
	  	09/25/2001	  	8/29/2002	  	 	  	9/25/2021	    	 
											
	 CWF
 5153
	  	 	  	PCT/US02/11881	  	Australia
Canada
China
India
Indonesia	  	Dynamic Settler	    	 Mark S. Bohn
 James E. Siebarth
	  	05/09/2002
Priority
Date:
5/29/2001	  	 	  	 	  	5/29/2021	    	US6,632,846
B2
											
	 RM
 375p
	  	 	  	10/043,874	  	US	  	Plasma Reforming/Fischer-Tropsch Synthesis	    	Dennis L. Yakobson	  	01/09/2002	  	10/24/2002	  	 	  	01/09/2022	    	 
											
	 RM
 375s
	  	 	  	10/213,896	  	US	  	Production of Hydrogen and Higher Hydrocarbons from Feedstocks Low in Hydrogen	    	Dennis L. Yakobson	  	08/07/2002	  	2/12/2004	  	 	  	08/07/2022	    	RM375x
											
	 RM
 375t
	  	 	  	10/681,823	  	US	  	Fiscer-Tropsch Slurry Reactor Cooling Tube Arrangement	    	 Mark S. Bohn
 William H. Hawthorne

Mark D. Ibsen
 Peter S. Pedersen
	  	10/08/2003	  	 	  	 	  	10/08/2023	    	 

  

 7 

																					
	 RTK #

	  	Patent #

	  	Application #

	  	Country

	  	Full Title

	  	Inventor(s)

	  	 Date
 Filed

	  	Publication
Date

	  	Date
Issued

	  	Patent
Expiration
(Based on
Filing Date)

	  	Country
References

	 RM
 375u
	  	 	  	10/612,573	  	US	  	Integrated FT and Electric
Power Generation Plant
with Low CO2 Emissions	  	Richard O. Sheppard
Dennis L. Yakobson	  	07/01/2003	  	 	  	 	  	07/01/2023	  	 
											
	 RM
 375w
	  	 	  	10/728,109	  	US	  	Method and Apparatus
for Regenerating an Iron-
Based Fischer-Tropsch
Catalyst	  	Belma Demirel
Mark S. Bohn
Charles B. Benham
James
E. Siebarth
Mark D. Ibsen	  	12/04/2003	  	 	  	 	  	12/04/2023	  	 
											
	 RM
 375x
	  	 	  	PCT/US03/24866	  	 	  	Production of Hydrogen
and Higher Hydrocarbons
from Feedstocks Low in
Hydrogen	  	Dennis L. Yakobson	  	08/07/2003	  	 	  	 	  	08/07/2023	  	RM375s
											
	 RM
 375y
	  	 	  	60/526,515	  	US	  	Process for the
Production of Ammonia
and Fischer-Tropsch
Liquids	  	Peter S. Pedersen
Dennis L. Yakobson	  	12/03/2003	  	 	  	 	  	12/03/2023	  	 

  

 8 

 ANNEX B 
  
 FT Solutions LLC 
  
 Trademarks 
  
 None.Services Agreement

 Exhibit 10.6 
  

  
 SERVICES AGREEMENT 
  
 BETWEEN 

 
 HEADWATERS TECHNOLOGY INNOVATION GROUP, INC., 
  
 RENTECH, INC. 
  
 AND 
  
 FT SOLUTIONS LLC 
  

 TABLE OF CONTENTS 
  

							
	 	  	Page

	 Article I     PROVISION OF SERVICES
	  	1
				
	 	 	Section 1.1	 	Subject to the terms and conditions of this Services Agreement, each of Headwaters and Rentech may, in its sole, reasonable discretion, provide or cause to be provided to the Company certain
services, including without limitation, those services listed and described in Schedule A hereto (the “Services”)	  	1
				
	 	 	Section 1.2	 	The parties acknowledge that Headwaters may provide certain services to the Company with respect to Qualified GTL Projects as set forth in Section 1.5 of the Company’s Operating
Agreement of even date herewith	  	1
		
	 Article II     PERFORMANCE OF SERVICES
	  	2
				
	 	 	Section 2.1	 	Standard of Performance	  	2
				
	 	 	Section 2.2	 	Subcontract	  	2
		
	 Article III     REIMBURSEMENT OF EXPENSES AND PAYMENT
	  	2
				
	 	 	Section 3.1	 	No Service Fee; Reimbursement of Expenses	  	2
				
	 	 	Section 3.2	 	Payment	  	2
				
	 	 	Section 3.3	 	Third-Person Invoices	  	2
				
	 	 	Section 3.4	 	Interest on Delayed Payment	  	2
		
	 Article IV     COOPERATION; ACCESS; THIRD-PERSON CONSENTS
	  	3
				
	 	 	Section 4.1	 	Cooperation and Access	  	3
				
	 	 	Section 4.2	 	Third-Person Consents	  	3
				
	 	 	Section 4.3	 	Coordinating Manager	  	3
		
	 Article V     TERM AND TERMINATION
	  	3
				
	 	 	Section 5.1	 	Term	  	3
				
	 	 	Section 5.2	 	Termination	  	3
				
	 	 	Section 5.3	 	Effect of Expiration or Termination	  	4
		
	 Article VI     CONFIDENTIALITY
	  	4
				
	 	 	Section 6.1	 	Maintenance of Confidentiality	  	4
				
	 	 	Section 6.2	 	Permitted Disclosures	  	4
				
	 	 	Section 6.3	 	Return of Confidential Information	  	4
				
	 	 	Section 6.4	 	No License	  	4
		
	 Article VII     WARRANTY; LIMITATION OF LIABILITY
	  	5

  

 i 

 TABLE OF CONTENTS 
 (continued) 
  

									
	 	 	 	 	 	  	Page

				
	 	 	Section 7.1	 	No Warranty	  	5
				
	 	 	Section 7.2	 	Limitation of Liability	  	5
		
	 Article VIII             MISCELLANEOUS
	  	5
				
	 	 	Section 8.1	 	No Assignment; Binding Effect	  	5
				
	 	 	Section 8.2	 	Entire Agreement	  	5
				
	 	 	Section 8.3	 	Amendments and Waivers	  	5
				
	 	 	Section 8.4	 	Governing Law	  	6
				
	 	 	Section 8.5	 	Notices	  	6
				
	 	 	Section 8.6	 	Headings	  	6
				
	 	 	Section 8.7	 	No Third-Party Beneficiary	  	6
				
	 	 	Section 8.8	 	Interpretation	  	6
				
	 	 	Section 8.9	 	Invalid Provisions	  	6
				
	 	 	Section 8.10	 	Injunctive Relief	  	6
				
	 	 	Section 8.11	 	Relationship	  	6
				
	 	 	Section 8.12	 	Force Majeure	  	7
				
	 	 	Section 8.13	 	Counterparts	  	7

  

 ii 

 SERVICES AGREEMENT 
  
 THIS SERVICES AGREEMENT (the “Services Agreement”) is made and entered into as of June 15, 2004 (the
“Effective Date”) by and between Headwaters Technology Innovation Group, Inc., a Utah corporation (“Headwaters”), Rentech, Inc., a Colorado corporation (“Rentech”), and FT Solutions LLC, a Delaware
limited liability company (the “Company”). 
  
 BACKGROUND 
  
 A. The Company has been organized
pursuant to that certain Operating Agreement of even date herewith (the “Operating Agreement”), as a joint venture between Rentech and Headwaters. 
  
 B. Pursuant to that certain Contribution Agreement among Headwaters, Rentech and the Company of even date herewith (the
“Contribution Agreement”), Headwaters and Rentech are each contributing Contributed Assets, which relate to the FT Business (each as defined in the Contribution Agreement), as part of its initial capital contribution to the Company.

  
 C. Headwaters, Rentech and the Company are entering into this
Services Agreement to establish the terms and conditions pursuant to which each party shall provide certain services to the other party with respect to the FT Business. 
  
 D. It is the intention of the parties hereto to develop the business of the Company in each party’s respective
competencies to ensure the Company’s commercial success. 
  
 E. All capitalized terms used and not defined herein shall have the meanings ascribed to them in the Operating Agreement or the Contribution Agreement, as the case may be. 
  
 ARTICLE I 
 PROVISION OF SERVICES 
  
 Section 1.1 Subject to
the terms and conditions of this Services Agreement, each of Headwaters and Rentech may, in its sole, reasonable discretion, provide or cause to be provided to the Company certain services, including without limitation, those services listed and
described in Schedule A hereto (the “Services”). For purposes of this Services Agreement, the party providing Services in any case is referred to as the “Providing Party” and the party receiving Services in
any case is referred to as the “Receiving Party.” The Providing Party for Services required by the Company from time-to-time shall be designated by the Company’s Board of Representatives. 
  
 Section 1.2 The parties acknowledge that Headwaters may provide certain
services to the Company with respect to Qualified GTL Projects as set forth in Section 1.5 of the Company’s Operating Agreement of even date herewith. 
  

 1 

 ARTICLE II 
 PERFORMANCE OF SERVICES 
  
 Section 2.1 Standard of Performance. The Providing Party shall use commercially reasonable efforts to provide, or cause to be provided, the applicable Services in substantially the same manner and at substantially the same
levels (unless otherwise requested by the Receiving Party or set forth on the applicable Schedule) as such Services were provided in connection with their respective portions of the FT Business as they existed prior to the date hereof;
provided that the Providing Party shall not be required by this Section 2.1 to, and shall not in fact, disclose to the Receiving Party any information that it holds or has acquired subject to an obligation of confidentiality to any
Person which would be breached by such disclosure. 
  
 Section 2.2
Subcontract. The Providing Party shall have the right to retain one or more subcontractors to perform any of the applicable Services under this Services Agreement; provided that the Providing Party shall be held jointly and
severally liable with such subcontractor in respect of performance by such subcontractor(s). 
  
 ARTICLE III 
 REIMBURSEMENT OF EXPENSES AND PAYMENT 
  
 Section 3.1 No Service Fee; Reimbursement of Expenses. The
Providing Party shall provide the applicable Services to the Receiving Party free of charge to the Receiving Party; provided that the Providing Party shall be entitled to reimbursement from the Receiving Party for all actual out of pocket
costs and expenses and direct labor costs (including fringe benefits) incurred by the Providing Party or on its behalf by third Persons in connection with such provision of Services. 
  
 Section 3.2 Payment. For all reimbursable expenses, the Providing Party shall submit statements of account to
the Receiving Party on a monthly basis (in arrears) with respect to such expenses (the “Invoiced Amount”), setting out the Services provided by reference to the applicable Schedule and the amount of expenses reimbursable hereunder
(together with any invoices for Services provided by third Persons). The Receiving Party shall pay the Invoiced Amount to the Providing Party by company check or wire transfer within thirty (30) days of the Receiving Party’s receipt of the
Invoiced Amount. 
  
 Section 3.3 Third-Person
Invoices. The Providing Party may cause any third Person to which amounts are payable by or for the account of the Receiving Party pursuant to any subcontract established pursuant to Section 2.2 to issue a separate invoice for such
amounts. The Receiving Party shall pay or cause to be paid any such separate third Person invoices directly in accordance with the payment terms hereof. 
  
 Section 3.4 Interest on Delayed Payment. All amounts due and owing to the Providing Party hereunder but not paid by the Receiving Party on
the due date thereof shall bear interest at the prime rate established by Citibank, N.A. from time to time. Such interest shall accrue on the balance of unpaid amounts from time to time outstanding from the date on which portions of such amounts
become due and owing until payment thereof in full. 
  

 2 

 ARTICLE IV 
 COOPERATION; ACCESS; THIRD-PERSON CONSENTS 
  
 Section 4.1 Cooperation and Access. The Receiving Party shall fully cooperate in good faith with the Providing Party in connection with the provision of the applicable Services under this Services
Agreement. The Receiving Party shall permit the Providing Party and its employees, agents and subcontractors access during regular business hours (or otherwise upon reasonable prior notice) to such records, data and personnel of the Receiving Party
as are reasonably required for the Services to be performed. The Providing Party shall permit the Receiving Party and its employees and agents access during regular business hours (or otherwise upon reasonable prior notice) to individuals
responsible for the applicable Services and shall provide the Receiving Party with such records and data as the Receiving Party may reasonably request for the purposes of allowing the Receiving Party to exercise general oversight and to monitor the
performance of the applicable Services. 
  
 Section 4.2
Third-Person Consents. Each of the parties hereto shall use its commercially reasonable efforts to cooperate with and assist the other party hereto in obtaining any third Person consents or amendments necessary for the performance of
the Services hereunder, including, without limitation, any required consent or amendment under any software license. The Receiving Party shall pay for (pursuant to Article III) the costs and expenses of obtaining any such consents or
amendments. In the event that the parties hereto are unable to obtain any required consent or amendment, they shall negotiate in good faith reasonable modifications of the applicable Services such that such consents or amendments are not required.

  
 Section 4.3 Coordinating Manager. On the
Effective Date, each party hereto shall designate a coordinating manager to report and discuss issues with respect to the provision of Services under this Services Agreement. The coordinating managers shall meet to discuss the performance of the
Services as often as reasonably necessary to ensure the orderly provision of the Services, and shall have authority to address and remedy problems related to the provision of Services to the extent consistent with this Services Agreement.

  
 ARTICLE V 
 TERM AND TERMINATION 
  
 Section 5.1 Term. Each Service shall be provided commencing on the Effective Date until the expiration of the term for the provision of such
Service in accordance with Section 5.2. This Services Agreement shall commence on the Effective Date and shall continue in full force and effect until the terms for the provision of all Services have expired or been earlier terminated.

  
 Section 5.2 Termination. The Receiving Party may
terminate this Services Agreement with respect to any Service upon sixty (60) Business Days prior written notice to the Providing Party, and the Providing Party may terminate this Services Agreement with respect to any Service upon thirty (30) days
prior written notice to the Receiving Party. Any requested termination of a Service pursuant to this Section 5.2 shall become effective at the end of such sixty-day or thirty Business Day period; provided that if the Receiving Party is
the terminating party, it shall reimburse the Providing Party for all out-of-pocket expenses or operating costs incurred by the Providing Party attributable to such early termination (pursuant to Article III). 
  

 3 

 Section 5.3 Effect of Expiration or Termination. The expiration or termination of this
Services Agreement shall not affect any obligation of either party hereunder that was incurred prior to the effective date of, or that by its terms is intended to survive, the expiration or termination of this Services Agreement. 
  
 ARTICLE VI 
 CONFIDENTIALITY 
  
 Section 6.1 Maintenance of Confidentiality. Each of the parties hereto shall, during the term of this Services Agreement and at all times thereafter, maintain in confidence all confidential and
proprietary information and data of the other party hereto or its Affiliates disclosed to it (the “Confidential Information”). Neither party hereto shall use the Confidential Information of the other party hereto or its Affiliates
during the term of this Services Agreement or at any time thereafter for any purpose other than the performance of its obligations or the exercise of its rights under this Services Agreement. Each of the parties hereto shall take all reasonable
measures necessary to prevent any unauthorized disclosure of Confidential Information by any of it, its Affiliates and its respective officers, directors, employees, agents or consultants. 
  
 Section 6.2 Permitted Disclosures. Nothing herein shall prevent
each party hereto, or any employee, agent or consultant of such party (in such capacity, the “Recipient”), from using, disclosing or authorizing the disclosure of any information it receives in the course of the performance
hereunder from the other party hereto (in such capacity, the “Disclosing Party”) which: (i) becomes publicly available without default hereunder by the Recipient; (ii) is lawfully acquired by the Recipient from a source not known to
the Recipient to be under any obligation to the Disclosing Party regarding disclosure of such information; (iii) is in the possession of the Recipient in written or other recorded form at the time of its disclosure hereunder; (iv) is
non-confidentially disclosed to any third Person by or with the permission of the Disclosing Party; or (v) the Recipient believes in good faith to be required by law or by the terms of any listing agreement with a securities exchange;
provided that the Recipient consults with the Disclosing Party prior to making such disclosure. 
  
 Section 6.3 Return of Confidential Information. Upon expiration or termination of this Services Agreement, or upon request of the Disclosing
Party, the Recipient shall return to the Disclosing Party all requested Confidential Information of the Disclosing Party, including all copies thereof, in the possession or under the control of it or its Parent Entity, its Affiliates or any of their
respective personnel, or, at the Disclosing Party’s option, destroy or purge all such Confidential Information from its and its Affiliates’ systems and files and deliver to the Disclosing Party a written confirmation that such destruction
and purging have been carried out. 
  
 Section 6.4 No
License. The furnishing of Confidential Information of the Disclosing Party to the Recipient shall not constitute any grant of license to the Recipient except (i) for the purposes of performing under this Services Agreement, (ii) as
otherwise expressly provided in this Services Agreement or (iii) as hereafter expressly agreed in writing by the Disclosing Party. 
  

 4 

 ARTICLE VII 
 WARRANTY; LIMITATION OF LIABILITY 
  
 Section 7.1 No Warranty. EXCEPT AS SET FORTH IN Section 2.1, THE PROVIDING PARTY MAKES NO WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICES PROVIDED HEREUNDER. 
  
 Section 7.2 Limitation of Liability. THE PROVIDING PARTY’S
LIABILITY ARISING OUT OF THIS SERVICES AGREEMENT SHALL BE LIMITED TO THE AMOUNTS PAID BY THE RECEIVING PARTY HEREUNDER DURING THE PRIOR TWELVE (12) MONTH PERIOD. IN NO EVENT SHALL THE PROVIDING PARTY BE LIABLE TO ANY OTHER ENTITY FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL OR INDIRECT DAMAGES, HOWEVER CAUSED, ON ANY THEORY OF LIABILITY, AND WHETHER OR NOT THE PROVIDING PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF
ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. IN NO EVENT WILL THE PROVIDING PARTY BE LIABLE TO THIRD PARTIES FOR ANY DAMAGES WHATSOEVER. 
  
 ARTICLE VIII 
 MISCELLANEOUS

  
 Section 8.1 No Assignment; Binding Effect.

  
 (a) Except as expressly provided herein, neither this
Services Agreement nor any right, interest or obligation hereunder may be assigned by either party hereto without the prior written consent of the other party hereto and any attempt to do so will be void; provided that the merger or
consolidation of one party into, or the sale of all or substantially all of the assets of such party to, a third Person shall not be deemed to be an assignment. As a condition precedent to consummating any such merger, consolidation or asset sale or
transfer transaction, the Providing Party shall require the successor-in-interest of the business or assets of the Providing Party to assume the obligations of the Providing Party hereunder and shall confirm that this Services Agreement shall remain
in full force and effect and binding upon such successor-in-interest in accordance with its terms, a copy of which written instrument shall be provided to the Receiving Party. 
  
 (b) Subject to Section 8.1(a), this Services Agreement is binding upon, inures to the benefit of and is enforceable
by the parties hereto and their respective successors and assigns. 
  
 Section 8.2 Entire Agreement. This Services Agreement, the Operating Agreement and the other Additional Agreements contain the entire agreement of the parties hereto with respect to the subject matter hereof and supersede all
prior understandings and agreements of the parties with respect thereto. 
  
 Section 8.3 Amendments and Waivers. No amendment, modification, termination or waiver of any provision of this Services Agreement shall in any event be effective without the written concurrence of each
party hereto. 
  

 5 

 Section 8.4 Governing Law. This Services Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Delaware. 
  
 Section 8.5
Notices. Except as otherwise provided in this Services Agreement, any notice, demand or communication to a party hereto required or permitted to be given by any provision of this Services Agreement shall be given as provided in the
Operating Agreement. 
  
 Section 8.6 Headings. The
titles of the Articles and the headings of the Sections of this Services Agreement are for convenience of reference only and are not to be considered in construing the terms and provisions of this Services Agreement. 
  
 Section 8.7 No Third-Party Beneficiary. The terms and
provisions of this Services Agreement are intended solely for the benefit of each party hereto and their respective successors or permitted assigns, and it is not the intention of the parties to confer third-party beneficiary rights, and this
Services Agreement does not confer any such rights, upon any other Person. 
  
 Section 8.8 Interpretation. It is the intention of the parties hereto that, during the term of this Services Agreement, the rights and obligations of the parties hereto and their successors-in-interest
shall be governed by the terms of this Services Agreement. This Services Agreement shall be construed without regard to any presumption or other rule requiring construction hereof against the party causing this Services Agreement to be drafted.

  
 Section 8.9 Invalid Provisions. If any provision
of this Services Agreement is held to be illegal, invalid or unenforceable, and if the rights or obligations of any party hereto under this Services Agreement will not be materially and adversely affected thereby, (i) such provision will be fully
severable, (ii) this Services Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof, (iii) the remaining provisions of this Services Agreement will remain in full force and
effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom and (iv) in lieu of such illegal, invalid or unenforceable provision, there will be added automatically as a part of this Services
Agreement a legal, valid and enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible. 
  
 Section 8.10 Injunctive Relief. Each party hereto acknowledges that in the event of any breach of this Services Agreement, including,
without limitation, Article VI, by one party hereto, the other party shall suffer irreparable injury not compensable by money damages and for which such party shall not have an adequate remedy available at law. Such other party shall be
entitled to obtain, without the posting of any bond or other security, such injunctive or other equitable relief to prevent or curtail any such breach, threatened or actual. The foregoing shall be in addition to and without prejudice to such other
rights as such other party may have under this Services Agreement or applicable law. 
  
 Section 8.11 Relationship. The parties hereto are independent contractors with respect to each other, and nothing in this Services Agreement shall be construed as constituting the parties hereto or as
partners, joint venturers or any other form of legal association that would impose liability on one party for the act or failure to act of the other party, except as expressly provided in this Services Agreement. 
  

 6 

 Section 8.12 Force Majeure. Neither party will be liable to the other party for its failure
to perform or for delay in performance of its obligations under this Services Agreement to the extent such failure or delay results from causes beyond its reasonable control, including, without limitation, acts of God or fires, governmental
regulations, prohibitions or restrictions, failures of public utilities or providers of electronic communications, strikes or labor stoppages; or transportation interruptions or embargoes 
  
 Section 8.13 Counterparts. This Services Agreement may be executed in any number of counterparts, each of
which will be deemed an original, but all of which together will constitute one and the same instrument. 
  
 Remainder of page intentionally left blank 
  

 7 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have caused their authorized
representatives to execute this Services Agreement as of the date first above written. 
  

			
	 HEADWATERS TECHNOLOGY
 INNOVATION GROUP, INC.

		
	By:	 	  

	Name:	 	James A. Lepinski
	Title:	 	 Vice President, New Technology and
 Business
Development

	
	RENTECH, INC.
		
	By:	 	  

	Name:	 	Ronald C. Butz
	Title:	 	Vice President and Chief Operating Officer
	
	FT SOLUTIONS LLC
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
 Signature Page
of Services Agreement 
  

 i 

 SCHEDULE A 
  
 SERVICES 
  

	(1)	Administration and Benefits Services. 

  

	 	•	administering each of the benefits and services referred to in this Schedule A. 

  

	(2)	Employee Benefits, Human Resources and Payroll Services (if any). 

  

	 	•	transitioning and maintaining employee benefits for employees; 

  

	 	•	processing and tracking information with respect to employees; 

  

	 	•	maintaining employee personnel records; 

  

	 	•	disseminating information to employees regarding fringe benefits; 

  

	 	•	administering and monitoring workers’ compensation; 

  

	 	•	analyzing unemployment compensation costs; 

  

	 	•	payroll services, including preparation of payroll checks for employees from an account of the Company and maintenance of payroll records; and 

  

	 	•	other employee-related services as reasonably requested by the Company. 

  

	(3)	Financial and Operations Services. 

  

	 	•	establishing and maintaining bank accounts; 

  

	 	•	investing short-term funds; 

  

	 	•	credit analysis and obtaining lines of credit; and 

  

	 	•	other financial services as reasonably requested by the Company. 

  

	(4)	Risk Management. 

  

	 	•	assistance in attempting to obtain insurance programs and maintaining contacts and relationships with insurance brokers and insurance carriers; and 

  

	 	•	other risk management-related services as reasonably requested by the Company. 

  

	(5)	Computer Software. 

  

	 	•	providing services for use of computer hardware solely for purposes of providing access to software licensed by a party hereto under applicable software license agreements that do
not constitute Assigned Contracts. 

  

	(6)	Space and Communication Facilities. 

  

	 	•	providing certain office space as determined by the Board of Representatives of the Company, and access to resident communications facilities (leased telephone lines or other data
transmission lines), and other office equipment and property owned or leased by a party hereto in such office space. 

  

	(7)	Facilities Management. 

  

	 	•	providing facilities, management, maintenance and support services. 

  

	(8)	Technical Services. 

  

	 	•	providing technical services to adopt, modify, improve and develop GTL technologies, processes, products and services. 

  

 ii 

	(9)	Miscellaneous. 

  

	 	•	providing such other services as the parties hereto may reasonably agree. 

  

	(10)	Sales and Marketing Services. 

  

	 	•	providing marketing, promotion, sales and/or distribution of GTL-related products and services as the parties hereto may reasonably agree. 

  

 iii

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