Unassociated Document


    Exhibit
10.14.6

     

    Amended
and Restated Interest Rate Swap Confirmation


    


    
      
        	
                TO:

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

              


      

    

    
      
        	
                FROM:

              	
                Susquehanna
      Bank

              


      

    

    
      
        	
                DATE:

              	
                November
      13, 2009

              


      

    

    
      
        	
                RE:

              	
                Interest
      Rate Swap

              


      

    

    
      
        
          	
                  REF

                	
                  NO.:CFSUSQHANNA2008111302

                


        

      

    

    
      


    

    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 Treatment (NJ), Inc. (formerly known as Casie Ecology Oil
Salvage, Inc.), Pure Earth Recycling (NJ), Inc. (formerly known as MidAtlantic
Recycling Technologies, 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.

    


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

    


    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".

            


    

     

    
      	
               
      

            	
              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:

            	
              Assistant
      Vice President

            


    

     

    PURE EARTH TREATMENT (NJ),
INC. (formerly known as CASIE ECOLOGY OIL SALVAGE, INC.), a New Jersey
corporation

    


    
      	
              By:

            	
              _____/s/ Mark
      Alsentzer___________________

            


    

    
      	
              Name:

            	
              Mark
      Alsentzer

            


    

    
      	
              Title:

            	
              President

            


    

    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    PURE EARTH RECYCLING (NJ),
INC. (formerly known as MIDATLANTIC RECYCLING TECHNOLOGIES, 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

            


    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    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

                  	
                    6,967,581.61

                  
	
                    15-Apr-10

                  	
                    15-May-10

                  	
                    14-Apr-10

                  	
                    6,882,419.67

                  
	
                    15-May-10

                  	
                    15-Jun-10

                  	
                    14-May-10

                  	
                    6,795,644.19

                  
	
                    15-Jun-10

                  	
                    15-Jul-10

                  	
                    14-Jun-10

                  	
                    6,709,579.10

                  
	
                    15-Jul-10

                  	
                    15-Aug-10

                  	
                    14-Jul-10

                  	
                    6,621,925.03

                  
	
                    15-Aug-10

                  	
                    15-Sep-10

                  	
                    13-Aug-10

                  	
                    6,534,947.42

                  
	
                    15-Sep-10

                  	
                    15-Oct-10

                  	
                    14-Sep-10

                  	
                    6,447,512.95

                  
	
                    15-Oct-10

                  	
                    15-Nov-10

                  	
                    14-Oct-10

                  	
                    6,358,526.70

                  
	
                    15-Nov-10

                  	
                    15-Dec-10

                  	
                    12-Nov-10

                  	
                    6,270,165.53

                  
	
                    15-Dec-10

                  	
                    15-Jan-11

                  	
                    14-Dec-10

                  	
                    6,180,277.77

                  
	
                    15-Jan-11

                  	
                    15-Feb-11

                  	
                    14-Jan-11

                  	
                    6,090,980.29

                  
	
                    15-Feb-11

                  	
                    15-Mar-11

                  	
                    14-Feb-11

                  	
                    6,001,213.76

                  
	
                    15-Mar-11

                  	
                    15-Apr-11

                  	
                    14-Mar-11

                  	
                    5,907,925.08

                  
	
                    15-Apr-11

                  	
                    15-May-11

                  	
                    14-Apr-11

                  	
                    5,817,197.00

                  
	
                    15-May-11

                  	
                    15-Jun-11

                  	
                    13-May-11

                  	
                    5,725,006.65

                  
	
                    15-Jun-11

                  	
                    15-Jul-11

                  	
                    14-Jun-11

                  	
                    5,633,317.73

                  
	
                    15-Jul-11

                  	
                    15-Aug-11

                  	
                    14-Jul-11

                  	
                    5,540,192.66

                  
	
                    15-Aug-11

                  	
                    15-Sep-11

                  	
                    12-Aug-11

                  	
                    5,447,532.95

                  
	
                    15-Sep-11

                  	
                    15-Oct-11

                  	
                    14-Sep-11

                  	
                    5,354,386.53

                  
	
                    15-Oct-11

                  	
                    15-Nov-11

                  	
                    14-Oct-11

                  	
                    5,259,843.56

                  
	
                    15-Nov-11

                  	
                    15-Dec-11

                  	
                    14-Nov-11

                  	
                    5,165,711.24

                  
	
                    15-Dec-11

                  	
                    15-Jan-12

                  	
                    14-Dec-11

                  	
                    5,070,209.17

                  
	
                    15-Jan-12

                  	
                    15-Feb-12

                  	
                    13-Jan-12

                  	
                    4,975,080.74

                  
	
                    15-Feb-12

                  	
                    15-Mar-12

                  	
                    14-Feb-12

                  	
                    4,879,452.63

                  


          

           

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          
            	
                    15-Mar-12

                  	
                    15-Apr-12

                  	
                    14-Mar-12

                  	
                    4,781,668.62

                  
	
                    15-Apr-12

                  	
                    15-May-12

                  	
                    13-Apr-12

                  	
                    4,685,024.55

                  
	
                    15-May-12

                  	
                    15-Jun-12

                  	
                    14-May-12

                  	
                    4,587,078.99

                  
	
                    15-Jun-12

                  	
                    15-Jul-12

                  	
                    14-Jun-12

                  	
                    4,489,412.79

                  
	
                    15-Jul-12

                  	
                    15-Aug-12

                  	
                    13-Jul-12

                  	
                    4,390,472.87

                  
	
                    15-Aug-12

                  	
                    15-Sep-12

                  	
                    14-Aug-12

                  	
                    4,291,773.95

                  
	
                    15-Sep-12

                  	
                    15-Oct-12

                  	
                    14-Sep-12

                  	
                    4,192,556.57

                  
	
                    15-Oct-12

                  	
                    15-Nov-12

                  	
                    12-Oct-12

                  	
                    4,092,107.63

                  
	
                    15-Nov-12

                  	
                    15-Dec-12

                  	
                    14-Nov-12

                  	
                    3,991,841.45

                  
	
                    15-Dec-12

                  	
                    15-Jan-13

                  	
                    14-Dec-12

                  	
                    3,890,372.21

                  
	
                    15-Jan-13

                  	
                    15-Feb-13

                  	
                    14-Jan-13

                  	
                    3,789,046.37

                  
	
                    15-Feb-13

                  	
                    15-Mar-13

                  	
                    14-Feb-13

                  	
                    3,687,188.28

                  
	
                    15-Mar-13

                  	
                    15-Apr-13

                  	
                    14-Mar-13

                  	
                    3,582,920.84

                  
	
                    15-Apr-13

                  	
                    15-May-13

                  	
                    12-Apr-13

                  	
                    3,479,980.02

                  
	
                    15-May-13

                  	
                    15-Jun-13

                  	
                    14-May-13

                  	
                    3,375,908.82

                  
	
                    15-Jun-13

                  	
                    15-Jul-13

                  	
                    14-Jun-13

                  	
                    3,271,880.62

                  
	
                    15-Jul-13

                  	
                    15-Aug-13

                  	
                    12-Jul-13

                  	
                    3,166,751.57

                  
	
                    15-Aug-13

                  	
                    15-Sep-13

                  	
                    14-Aug-13

                  	
                    3,061,624.71

                  
	
                    15-Sep-13

                  	
                    15-Oct-13

                  	
                    13-Sep-13

                  	
                    2,955,945.63

                  
	
                    15-Oct-13

                  	
                    15-Nov-13

                  	
                    14-Oct-13

                  	
                    2,849,210.59

                  
	
                    15-Nov-13

                  	
                    15-Dec-13

                  	
                    14-Nov-13

                  	
                    2,742,415.76

                  
	
                    15-Dec-13

                  	
                    15-Jan-14

                  	
                    13-Dec-13

                  	
                    2,634,595.26

                  
	
                    15-Jan-14

                  	
                    15-Feb-14

                  	
                    14-Jan-14

                  	
                    2,526,673.10

                  
	
                    15-Feb-14

                  	
                    15-Mar-14

                  	
                    14-Feb-14

                  	
                    2,418,184.04

                  
	
                    15-Mar-14

                  	
                    15-Apr-14

                  	
                    14-Mar-14

                  	
                    2,307,895.88

                  
	
                    15-Apr-14

                  	
                    15-May-14

                  	
                    14-Apr-14

                  	
                    2,198,257.64

                  
	
                    15-May-14

                  	
                    15-Jun-14

                  	
                    14-May-14

                  	
                    2,087,671.01

                  
	
                    15-Jun-14

                  	
                    15-Jul-14

                  	
                    13-Jun-14

                  	
                    1,976,875.98

                  
	
                    15-Jul-14

                  	
                    15-Aug-14

                  	
                    14-Jul-14

                  	
                    1,865,163.99

                  
	
                    15-Aug-14

                  	
                    15-Sep-14

                  	
                    14-Aug-14

                  	
                    1,753,200.18

                  
	
                    15-Sep-14

                  	
                    15-Oct-14

                  	
                    12-Sep-14

                  	
                    1,640,648.25

                  
	
                    15-Oct-14

                  	
                    15-Nov-14

                  	
                    14-Oct-14

                  	
                    1,527,227.10

                  
	
                    15-Nov-14

                  	
                    15-Dec-14

                  	
                    14-Nov-14

                  	
                    1,413,488.18

                  
	
                    15-Dec-14

                  	
                    15-Jan-15

                  	
                    12-Dec-14

                  	
                    1,298,912.30

                  
	
                    15-Jan-15

                  	
                    15-Feb-15

                  	
                    14-Jan-15

                  	
                    1,183,974.10

                  
	
                    15-Feb-15

                  	
                    15-Mar-15

                  	
                    13-Feb-15

                  	
                    1,068,432.15

                  
	
                    15-Mar-15

                  	
                    15-Apr-15

                  	
                    13-Mar-15

                  	
                    951,740.16

                  
	
                    15-Apr-15

                  	
                    15-May-15

                  	
                    14-Apr-15

                  	
                    834,978.34

                  
	
                    15-May-15

                  	
                    15-Jun-15

                  	
                    14-May-15

                  	
                    717,461.70

                  
	
                    15-Jun-15

                  	
                    15-Jul-15

                  	
                    12-Jun-15

                  	
                    599,469.27

                  
	
                    15-Jul-15

                  	
                    15-Aug-15

                  	
                    14-Jul-15

                  	
                    480,755.47

                  
	
                    15-Aug-15

                  	
                    15-Sep-15

                  	
                    14-Aug-15

                  	
                    361,519.66

                  
	
                    15-Sep-15

                  	
                    15-Oct-15

                  	
                    14-Sep-15

                  	
                    241,657.54

                  
	
                    15-Oct-15

                  	
                    15-Nov-15

                  	
                    14-Oct-15

                  	
                    121,124.86