exv10w4wb






Exhibit 10.4B





SECOND AMENDMENT TO AGREEMENT OF LEASE




     (1 This SECOND AMENDMENT TO AGREEMENT OF LEASE is made as of the ~day of
June 2008 (this “Second Amendment”), by and between RECYCLING TECHNOLOGY DEVELOPMENT, LLC, having
an address of 75 Crows Mill Road, Keasby, New Jersey 08832 (“Landlord”), and CONVERTED ORGANICS OF
WOODBRIDGE, LLC, having an address of 7A Commercial Warf West, Boston, Massachusetts 02110
(“Tenant”).



RECITALS




     A. WHEREAS, by that certain Agreement of Lease dated as of June 2, 2006 (the “Original
Lease”), Landlord leased to Converted Organics, Inc., a predecessor in interest to Tenant, that
certain premises (the “Leased Premises’’) containing approximately 60,000 square feet of space,
upon the t=s and subject to the conditions more fully set forth therein; and



     B. WHEREAS, the Original Lease was amended by that certain First
Amendment to Agreement of Lease dated as of January 18, 2007 (the “First Amendment”); and



     C. WHEREAS, Landlord has entered or will enter into a Solar Photo voltaic License
Agreement and Solar Power Purchase and Sale Agreement (collectively the “Solar Agreements”) with
EnXco Development Corporation (“EnXco”) which will allow, among other things, the
construction and operation of a Solar Photovoltaic Generating System (the “Solar System”), which is
comprised of; in part, solar panels to be mounted on the roof of the Leased Premises (the “Roof’);
and



     D. WHEREAS, Tenant’s access to the Roof and Tenant’s activities to be conducted thereon will
need to be coordinated such that they do not interfere with the Solar System or EnXco’s rights and
obligations under the Solar Agreements; and



     E. WHEREAS, Landlord and Tenant desire to modify the terms of the Lease as more fully
described herein.



     NOW, THEREFORE, in consideration of the mutual covenants herein contained, and other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, Landlord and
Tenant hereby agree as follows:




	1.	 	Dermed Terms. All capitalized terms used herein shall have the same meaning as ascribed to
them in the Lease unless otherwise defined herein. The term “Lease” as used herein, in the
Original Lease and in the First Amendment shall mean and refer to the Original Lease, as
amended and modified by the First Amendment and this Second Amendment






	2.	 	Consent to Solar System. Tenant consents to the placement of the Solar System on the Roof,
and agrees not to interfere with the installation, maintenance and/or operation of the Solar
System. .






	3.	 	Access to the Roof. Notwithstanding anything to the contrary contained in the
Lease, but subject to the terms of Section 4 hereof, Tenant shall not access or otherwise
enter upon the Roof without providing at least five (5) business days advance written notice
to Landlord, such notice to detail the circumstances requiring such access and the activities
to be undertaken on and to the Roof. Landlord reserves the right to accompany Tenant (or have
an agent of Landlord or EnXco accompany Tenant) or Tenant’s agents while Tenant or Tenant’s




 









 










agents access the Roof.



1 Emergency Access to Roof. Should Tenant need to access the Roof to conduct emergency repairs,
Tenant shall give Landlord as much advance notice of the need for such access as is reasonable
under the circumstances, such notice to detail the circumstances requiring such access and the
activities to be undertaken on and to the Roof, and Tenant shall conduct the repairs in a manner
that will least disrupt or otherwise interfere with the operation of the Solar System. In no event
shall Tenant remove any portion of the Solar System.



2 Removal of Solar System. If the Roof requires repair or maintenance, and such repair or
maintenance requires the removal of all or part of the Solar System, Tenant shall provide Landlord
with reasonable prior written notice of the need for such removal, such notice to detail the
circumstances requiring such access and the activities to be undertaken on and to the Roof, and
Landlord shall cause EnXco to remove that portion of the Solar System that must be removed. Once
the necessary portions of the Solar System are removed, Tenant shall promptly begin such necessary
repair or maintenance and diligently complete same as soon as reasonably practicable. Tenant shall
promptly notify Landlord once the necessary repairs are complete, and the Roof has been restored to
its original condition (but for the reinstallation of the Solar System or portion thereof).



3 Negative Covenant. Notwithstanding anything herein to the contrary, in no event shall Tenant, its
employees agents or contractors move, remove, or otherwise disturb the Solar System or any part
thereof.



4 Indemnification. Tenant agrees to protect, defend, indemnify and hold Landlord harmless from and
against all claims, losses, damages, liabilities, costs and expenses (including reasonable legal
fees) incurred by Landlord as a result of any damage caused to the Solar System by the Tenant, its
employees, agents or contractors.



5 Ratification. The Original Lease, as modified by the First Amendment and this Second Amendment is
hereby ratified and affirmed by Landlord and Tenant. The Lease is and remains in full force and
effect in accordance with its terms, as hereby modified. If there is any inconsistency between the

provisions of the Original Lease, the First Amendment and this Second Amendment, the provisions of
this Second Amendment shall control.



6 Representations. Tenant hereby certifies to Landlord that (i) Landlord is not in default or
breach of any of Landlord’s obligations under the Lease, (ii) there is no condition or event
existing which with the passing of time or the giving of notice, or both, would constitute a
default or event of default under the Lease, and (iii) that as of the date hereof Tenant has no
claim against Landlord under the Lease pertaining to the Leased Premises. Landlord hereby certifies
to






 









 







Tenant that (i) Tenant is not in default or breach of any of Tenant’s obligations
under the Lease, (ii) there is no condition or event existing which with the passing of time or the
giving of notice, or both, would constitute a default or event of default under the Lease, and
(iii) that as of the date hereof Landlord has no claim against Tenant under the Lease pertaining to
the Leased Premises




     10. Counterparts. This Second Amendment may be executed in counterparts. All
counterparts shall be construed together and shall be deemed one original.



     IN WITNESS HEREOF, Landlord and Tenant have signed this Amendment as of the day and year first
above written.