Exhibit 10.9

Amended and Restated Interest Rate Swap Confirmation

TO:
Pure Earth Recycling (NJ), Inc. and Rezultz, Incorporated

FROM:
Susquehanna Bank

DATE:
April 14, 2010

RE:
Interest Rate Swap

REF NO.:
CFSUSQHANNA2008111302

 

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The purpose of this communication is to set forth the terms and conditions of
the Interest Rate Swap Transaction entered into on the Trade Date referred to
below (the "Interest Rate Swap Transaction"), between Susquehanna Bank ("Party
A" or “we”) and Pure Earth Recycling (NJ), Inc. (formerly known as MidAtlantic
Recycling Technologies, Inc. and successor by merger to Pure Earth Treatment
(NJ), Inc.) and Rezultz, Incorporated ("Party B" or “you”), as amended and
restated hereby.  This communication constitutes a "Confirmation" as referred to
in the Interest Rate Swap Agreement specified below.

This Confirmation incorporates the definitions and provisions contained in the
2000 ISDA Definitions as published by the International Swaps and Derivatives
Association, Inc. (the "Definitions").  In the event of any inconsistency
between the Definitions and this Confirmation, this Confirmation will govern.

This Confirmation is subject to and incorporates the terms of the ISDA Master
Agreement and Schedule dated as of November 12, 2008, as amended, between Party
A and Party B, as amended (the “Interest Rate Swap Agreement).  All provisions
contained in, or incorporated by reference to, the Interest Rate Swap Agreement
shall govern this Confirmation except as expressly modified below.  In the event
of any inconsistency between the provisions of that Interest Rate Swap Agreement
and this Confirmation, this Confirmation shall prevail for the purpose of this
Interest Rate Swap Transaction.

Both Party A and Party B acknowledge and agree that as of December 31, 2009 Pure
Earth Treatment (NJ), Inc. (“PE Treatment”) merged with and into Pure Earth
Recycling (NJ), Inc. (“PE Recycling”), and as a result of such merger: (i) PE
Recycling succeeded to and assumed all obligations of PE Treatment under the
Interest Rate Swap Agreement and this Confirmation and (ii) PE Recycling and
Rezultz, Incorporated now comprise Party B under the Interest Rate Swap
Agreement and this Confirmation.

This interest rate swap Confirmation amends, supersedes, and replaces in its
entirety the Confirmation dated November 13, 2008, and the amended Confirmation
dated November 13, 2009, between Party A and Party B.

 
Page 1 of 6

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The terms of the particular Interest Rate Swap Transaction to which this
communication relates are as follows:

Notional Amount:
USD 8,000,000.00 for the initial Calculation Period and amortizing according to
the attached Notional Schedule.

 
Trade Date:
November 13, 2008

 
Effective Date:
November 13, 2008

 
Termination Date:
November 15, 2015, with No Adjustment to Period End Dates.

 
Fixed Amounts:
 
 
Fixed Rate Payer:
Party B

 
 
Fixed Rate:
6.10%

 
Fixed Rate Day Count Fraction:
Act/360

 
Fixed Rate Calculation Periods:
From and including the fifteenth (15th) day of each month to but excluding the
fifteenth (15th) day of the following month starting with the Effective Date
continuing until the Termination Date, with No Adjustment to Period End Dates.

 
Fixed Rate Payer Payment Dates:
Fifteenth (15th) calendar day of each month beginning with December 15, 2008,
continuing until the Termination Date, subject to adjustment in accordance with
the Following Business Day Convention.

 
Floating Amounts:
 
 
Floating Rate Payer:
Party A

 
Floating Rate Calculation Periods:
From and including the fifteenth (15th) day of each month to but excluding the
fifteenth (15th) day of the following month starting with the Effective Date
continuing until the Termination Date, with No Adjustment to Period End Dates.

 
Floating Rate Payer Payment Dates:
Fifteenth (15th) calendar day of each month beginning with December 15, 2008,
continuing until the Termination Date, subject to adjustment in accordance with
the Following Business Day Convention

 
 
Floating Rate Option:
USD-LIBOR-BBA, however the reference to "two London Banking Days" in the third
line of the definition of "USD-LIBOR-BBA" as published in Section 7.1.(w).(xvii)
of the Annex to the 2000 ISDA Definitions is replaced by "one London Banking
Day".

 
Page 2 of 6

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Designated Maturity:
1 Month (No interpolation)

 
 
Floating Rate Day Count:
Act/360

 
 
Floating Rate Spread:
250.0 bps (plus) (2.50%)

 
Initial Rate Setting (excluding spread):
1.40875%

 
 
Reset Dates:
First day of each Floating Rate Calculation Period, with No Adjustment

 
 
Compounding:
Inapplicable

 
Business Days:
New York

 
Calculation Agent:
Party A

 
Governing Law:
New York

 
Payment Instructions Parties A and B:
Party A will debit/credit the Reserve Account of Party B for payment.

 
Notice to Party B: 
Brent Kopenhaver,

Chairman of the Board and Chief Financial Officer
c/o Pure Earth, Inc.
3209 North Mill Rd.
Vineland, NJ 08360
Facsimile No.  215-639-8756

Please confirm that the foregoing correctly sets forth the terms of our
agreement with respect to the Interest Rate Swap Transaction by signing in the
space provided below and sending a copy of the executed Confirmation to
Susquehanna Bank, Two Aquarium Drive, Camden, NJ 08103, Attention:  Hugh J.
Arbuthnot, Facsimile number 856.756.7825.
 
Susquehanna Bank
 
By: 
/s/ Hugh J. Arbuthnot
Name: 
Hugh J. Arbuthnot
Title:
Commercial Relationship Manager

 
Page 3 of 6

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PURE EARTH RECYCLING (NJ), INC. (formerly known as MIDATLANTIC RECYCLING
TECHNOLOGIES, INC. and successor by merger to PURE EARTH TREATMENT (NJ), INC.),
a Delaware corporation

By: 
/s/ Mark Alsentzer
Name: 
Mark Alsentzer
Title:
President

REZULTZ, INCORPORATED, a New Jersey corporation

By: 
/s/ Mark Alsentzer
Name: 
Mark Alsentzer
Title:
President

 
Page 4 of 6

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NOTIONAL SCHEDULE (Amended and Restated)
 
Start Date
 
End Date
 
Rate Fixing Date
 
Notional (USD)
13-Nov-08
 
15-Dec-08
 
12-Nov-08
 
8,000,000.00
15-Dec-08
 
15-Jan-09
 
12-Dec-08
 
7,926,995.93
15-Jan-09
 
15-Feb-09
 
14-Jan-09
 
7,850,912.50
15-Feb-09
 
15-Mar-09
 
13-Feb-09
 
7,774,431.38
15-Mar-09
 
15-Apr-09
 
13-Mar-09
 
7,693,617.93
15-Apr-09
 
15-May-09
 
14-Apr-09
 
7,616,314.64
15-May-09
 
15-Jun-09
 
14-May-09
 
7,537,323.11
15-Jun-09
 
15-Jul-09
 
12-Jun-09
 
7,459,202.88
15-Jul-09
 
15-Aug-09
 
14-Jul-09
 
7,379,416.61
15-Aug-09
 
15-Sep-09
 
14-Aug-09
 
7,300,471.01
15-Sep-09
 
15-Oct-09
 
14-Sep-09
 
7,221,112.77
15-Oct-09
 
15-Nov-09
 
14-Oct-09
 
7,140,122.17
15-Nov-09
 
15-Dec-09
 
13-Nov-09
 
7,140,122.17
15-Dec-09
 
15-Jan-10
 
14-Dec-09
 
7,140,122.17
15-Jan-10
 
15-Feb-10
 
14-Jan-10
 
7,140,122.17
15-Feb-10
 
15-Mar-10
 
12-Feb-10
 
7,055,866.55
15-Mar-10
 
15-Apr-10
 
12-Mar-10
 
7,055,866.55
15-Apr-10
 
15-May-10
 
14-Apr-10
 
7,055,866.55
15-May-10
 
15-Jun-10
 
14-May-10
 
7,055,866.55
15-Jun-10
 
15-Jul-10
 
14-Jun-10
 
6,966,505.81
15-Jul-10
 
15-Aug-10
 
14-Jul-10
 
6,875,495.23
15-Aug-10
 
15-Sep-10
 
13-Aug-10
 
6,785,187.04
15-Sep-10
 
15-Oct-10
 
14-Sep-10
 
6,694,404.47
15-Oct-10
 
15-Nov-10
 
14-Oct-10
 
6,602,010.72
15-Nov-10
 
15-Dec-10
 
12-Nov-10
 
6,510,265.97
15-Dec-10
 
15-Jan-11
 
14-Dec-10
 
6,416,936.18
15-Jan-11
 
15-Feb-11
 
14-Jan-11
 
6,324,219.27
15-Feb-11
 
15-Mar-11
 
14-Feb-11
 
6,231,015.35
15-Mar-11
 
15-Apr-11
 
14-Mar-11
 
6,134,154.41
15-Apr-11
 
15-May-11
 
14-Apr-11
 
6,039,952.12
15-May-11
 
15-Jun-11
 
13-May-11
 
5,944,231.57
15-Jun-11
 
15-Jul-11
 
14-Jun-11
 
5,849,031.65
15-Jul-11
 
15-Aug-11
 
14-Jul-11
 
5,752,340.59
15-Aug-11
 
15-Sep-11
 
12-Aug-11
 
5,656,132.71
15-Sep-11
 
15-Oct-11
 
14-Sep-11
 
5,559,419.48
15-Oct-11
 
15-Nov-11
 
14-Oct-11
 
5,461,256.21
15-Nov-11
 
15-Dec-11
 
14-Nov-11
 
5,363,519.34
15-Dec-11
 
15-Jan-12
 
14-Dec-11
 
5,264,360.25
15-Jan-12
 
15-Feb-12
 
13-Jan-12
 
5,165,589.12
15-Feb-12
  
15-Mar-12
  
14-Feb-12
  
5,066,299.16

 
Page 5 of 6

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15-Mar-12
 
15-Apr-12
 
14-Mar-12
 
4,964,770.75
15-Apr-12
 
15-May-12
 
13-Apr-12
 
4,864,425.95
15-May-12
 
15-Jun-12
 
14-May-12
 
4,762,729.80
15-Jun-12
 
15-Jul-12
 
14-Jun-12
 
4,661,323.72
15-Jul-12
 
15-Aug-12
 
13-Jul-12
 
4,558,595.13
15-Aug-12
 
15-Sep-12
 
14-Aug-12
 
4,456,116.78
15-Sep-12
 
15-Oct-12
 
14-Sep-12
 
4,353,100.12
15-Oct-12
 
15-Nov-12
 
12-Oct-12
 
4,248,804.74
15-Nov-12
 
15-Dec-12
 
14-Nov-12
 
4,144,699.12
15-Dec-12
 
15-Jan-13
 
14-Dec-12
 
4,039,344.37
15-Jan-13
 
15-Feb-13
 
14-Jan-13
 
3,934,138.50
15-Feb-13
 
15-Mar-13
 
14-Feb-13
 
3,828,380.02
15-Mar-13
 
15-Apr-13
 
14-Mar-13
 
3,720,119.92
15-Apr-13
 
15-May-13
 
12-Apr-13
 
3,613,237.23
15-May-13
 
15-Jun-13
 
14-May-13
 
3,505,180.88
15-Jun-13
 
15-Jul-13
 
14-Jun-13
 
3,397,169.17
15-Jul-13
 
15-Aug-13
 
12-Jul-13
 
3,288,014.47
15-Aug-13
 
15-Sep-13
 
14-Aug-13
 
3,178,862.03
15-Sep-13
 
15-Oct-13
 
13-Sep-13
 
3,069,136.25
15-Oct-13
 
15-Nov-13
 
14-Oct-13
 
2,958,314.04
15-Nov-13
 
15-Dec-13
 
14-Nov-13
 
2,847,429.77
15-Dec-13
 
15-Jan-14
 
13-Dec-13
 
2,735,480.55
15-Jan-14
 
15-Feb-14
 
14-Jan-14
 
2,623,425.78
15-Feb-14
 
15-Mar-14
 
14-Feb-14
 
2,510,782.41
15-Mar-14
 
15-Apr-14
 
14-Mar-14
 
2,396,271.03
15-Apr-14
 
15-May-14
 
14-Apr-14
 
2,282,434.47
15-May-14
 
15-Jun-14
 
14-May-14
 
2,167,613.20
15-Jun-14
 
15-Jul-14
 
13-Jun-14
 
2,052,575.55
15-Jul-14
 
15-Aug-14
 
14-Jul-14
 
1,936,585.83
15-Aug-14
 
15-Sep-14
 
14-Aug-14
 
1,820,334.65
15-Sep-14
 
15-Oct-14
 
12-Sep-14
 
1,703,472.81
15-Oct-14
 
15-Nov-14
 
14-Oct-14
 
1,585,708.49
15-Nov-14
 
15-Dec-14
 
14-Nov-14
 
1,467,614.21
15-Dec-14
 
15-Jan-15
 
12-Dec-14
 
1,348,650.94
15-Jan-15
 
15-Feb-15
 
14-Jan-15
 
1,229,311.46
15-Feb-15
 
15-Mar-15
 
13-Feb-15
 
1,109,345.11
15-Mar-15
 
15-Apr-15
 
13-Mar-15
 
988,184.70
15-Apr-15
 
15-May-15
 
14-Apr-15
 
866,951.76
15-May-15
 
15-Jun-15
 
14-May-15
 
744,935.12
15-Jun-15
 
15-Jul-15
 
12-Jun-15
 
622,424.45
15-Jul-15
 
15-Aug-15
 
14-Jul-15
 
499,164.80
15-Aug-15
 
15-Sep-15
 
14-Aug-15
 
375,363.15
15-Sep-15
 
15-Oct-15
 
14-Sep-15
 
250,911.21
15-Oct-15
  
15-Nov-15
  
14-Oct-15
  
125,763.03

 
Page 6 of 6

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