Amendment No. 3 to Second Amended and Restated Credit Agreement among Rentech Nitrogen, LLC, Rentech Nitrogen Partners, L.P., and General Electric Capital Corporation

Exhibit 10.34

January 18, 2013

Rentech Nitrogen, LLC

10877 Wilshire Boulevard, Suite 600

Los Angeles, CA 90024-4364

Attention: Mr. Dan J. Cohrs

Ladies and Gentlemen:

Reference is made to the Second Amended and Restated Credit Agreement dated as of October 31, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among RENTECH NITROGEN, LLC, a Delaware limited liability company (“RNL” or “Borrower Representative”), any other Person that executes a Joinder Agreement to become a “Borrower” under the Credit Agreement (RNL and each such Person being sometimes referred to herein collectively, as “Borrowers” and each individually as a “Borrower”), RENTECH NITROGEN PARTNERS, L.P., a Delaware limited partnership (“Partnership”), the other Persons party thereto that are designated as a “Credit Party,” GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (in its individual capacity, “GE Capital”), as agent (in such capacity, “Agent”) for the several financial institutions from time to time party to this Agreement (collectively, the “Lenders” and individually each a “Lender”) and for itself as a Lender (including as Swingline Lender) and such Lenders. Capitalized terms used in this letter and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

Borrower Representative has requested that Agent extend the deadline for closing all bank accounts at Wells Fargo, and Agent has agreed to such extension, subject to and in accordance with the terms and conditions hereof.

Pursuant to Section 4.11 of the Credit Agreement, Borrowers were required to enter into Control Agreements for all bank accounts open as of January 18, 2013 (including those accounts at Wells Fargo), except those set forth on Part I of Schedule 4.11, by such date. At the request of Borrower Representative, Agent has agreed under this letter agreement, that effective as of the date hereof, (i) the date by which Borrower Representative shall close all of the bank accounts maintained at Wells Fargo Bank, N.A., including account numbers 200031407751 and 200031407764 (each of which is not subject to a Control Agreement; the “Accounts”), has been extended to February 15, 2013, and (ii) Schedule 3.21 to the Credit Agreement is hereby deleted in its entirety and replaced with the version of Schedule 3.21 attached hereto as Annex A. From the date hereof until the closing of the Accounts, Borrower Representative hereby agrees that there shall be no balances maintained in any of the Accounts.

The effectiveness of this letter agreement is subject to receipt by Agent of this letter agreement duly executed by each Borrower, Partnership and Agent.

Please indicate your acknowledgment and agreement to all of the foregoing by executing a copy of this letter agreement where indicated below and returning it to the undersigned.

Amendment No. 3

Amendment No. 3

ANNEX A

Schedule 3.21

DEPOSIT ACCOUNTS AND OTHER ACCOUNTS