Document:

Mortgage, dated December 5, 2002

 EXHIBIT 10.14 
  
 MORTGAGE 
  
 WISE RECYCLING WEST, LLC, for consideration paid, grant,                  to TOMBRA
of North America Finance Corporation whose address is 480 Lordship Boulevard, Stratford, Connecticut, 06615 the following described real estate at 4300 Ellison N.E., Albequerque, Bernalillo County, New Mexico, as more particularly described in
Exhibit “A” attached. 
  
 With mortgage covenants 
 This mortgage secures the performance of the following obligations: 
 (Have attached a copy of a summarized rate or either obligation.)  
 See Exhibit “B” attached 
  
 and is upon the Statutory Mortgage conditions for breach of which is subject to for closure
as provided by law: The amount specified for insurance as provided in the Statutory Mortgage condition is $720,000.00 and the maximum $2,000,000.00 to be insured against (and) other risks 
  
 Witness                  hand
                 and seal                  this 5th day of December, 2002

  

							
				
	 Wise Recycling West, LLC
	 	 (Seal)  
	 	  	 	 (Seal)

				
	 /s/ Gary R. Curtis
	 	 (Seal)  
	 	  	 	 (Seal)

	 By: Gary R. Curtis, Vice President
	 	 	 	 	 	 

  
 ACKNOWLEDGEMENT FOR
NATURAL PERSONS 
  

			
	STATE OF NEW MEXICO	 	 )

	 	 	 ) ss:

	COUNTY OF                         	 	 )

  

	
	This Instrument was acknowledged before me on             , 20     by    
                                        
                                        
                                        
      

  
 My Commission Expires:
                     
 (Seal) 

 

							
	FOR RECORDER’S USE ONLY	 	 	 	ACKNOWLEDGEMENT FOR CORPORATION
	 	 	 	 	 	  	 
	 	 	 	 	STATE OF NEW MEXICO	  	)
	 	 	 	 	 	  	) ss:
	 	 	 	 	COUNTY OF BERNALILLO	  	)
				
	 	 	 	 	 This Instrument was acknowledged before me on December, 2002
 by Gary E. Curtis
	  	 
			
	 	 	 	 	 Vice President of Wise Recycling West, LLC
 (title of officer)   (corporation acknowledgment)

				
	 	 	 	 	a Delaware LLC corporation, on behalf of said corporation.	  	 
	 	 	 	 	 /s/ Jeanne E. McGavick
	  	 
	 	 	 	 	 	  	NOTARY
			
	 	 	 	 	 OFFICIAL SEAL Jeanne G. McGavick
           Notary Public Sate of New Mexico
           My commission expires on 4-27-06
  
 (seal)

  

 EXHIBIT 10.14 
  
 EXHIBIT A 
  
 Tract lettered D-1-C-2-a of the Subdivision Map for Tracts D-1-B-1 and D-1-C-2A; INTERSTATE INDUSTRIAL TRACT, as the same is shown and designated on the said subdivision
map, filed in the office of the County Clerk of Bernalillo County, New Mexico on August 15, 1989, in Plat Book C39, page 142, re-recorded August 23, 1989, in Plat Book C39, folio 156, as Document No. 89-73281, and being more particularly described
as follows: 
  
 BEGINNING at the Northeast corner of said Tract “D-1-C-2A,
said corner being a point on the Southerly right-of-way of Ellison Street, N.E. thence leaving said right-of-way and running thence along the Easterly boundary of Tract “D-1-C-2-A”, S 00 deg 03’20” E, 560.00 feet to the Southeast
corner of said Tract “D-1-C-2A”; thence 
  
 N 89 deg. 49’40”W,
210.02 feet to the Southwest corner of said Tract “D-1-C-2-A”; thence 
  
 N 00 deg. 03’20” W, 560.00 feet to the Northwest corner of said Tract “D-1-C-2-A”, said corner being a point on the Southerly right-of-way of Ellison Street, N.E., thence running along the Northerly boundary of said
Tract “D-1-C-2-A” and also along said right-of-way, 
  
 S 89 deg.
49’40”E. 210.02 feet to the point and place of beginning.Promissory Note, dated December 6, 2002

 Exhibit 10.15 
  
 The printed portions of this form approved by the 
 California Real Estate Commission (NTD 82-11-83) 
  
 IF THIS FORM IS USED IN A CONSUMER CREDIT TRANSACTION, CONSULT LEGAL COUNSEL 
  
 THIS IS A LEGAL INSTRUMENT. IF NOT UNDERSTOOD, LEGAL, TAX OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING. 
  
 PROMISSORY NOTE 
 (Right to Cure) 
  

			
	 U.S. $720,000.00
	  	December 6, 2002

  
 1. FOR VALUE RECEIVED, the undersigned
(Borrower) promise(s) to pay TOMRA of North America Finance Corporation, or order, (Note Holder) the principal sum of Seven Hundred Twenty Thousand and 00/100 ($720,000.00) U.S. Dollars, with interest on the unpaid principal balance from December 6,
2002, until paid, at the rate of eight (8%) percent per annum. Principal and interest shall be payable at P.O. Drawer 1034, Monticello, New York 12701, or such other place as the Note Holder may designate, in twenty-three (23) payments of Six
Thousand Eight Hundred Eighty and 70/100 ($6,880.70) U.S. Dollars, due on the 1st day of each month, beginning
February 1, 2003. Such payments shall continue for twenty-three (23) payments. On January 1, 2005, the entire outstanding balance evidenced by the Promissory Note is due and owing. 
  
 2. Borrower shall pay to the Note Holder a late charge of five (5%) percent of any payment not received by the Note Holder within fifteen
(15) days after the payment is due. 
  
 3. Payments received for application to
this Note shall be applied first to the payment of late charges, if any, second to the payment of accrued interest specified above, and the balance applied in reduction of the principal amount hereof. 
  
 4. If any payment required by this Note is not paid when due, the entire principal amount
outstanding and accrued interest thereon shall become due and payable at the option of the Note Holder (Acceleration) twenty days after notice of Acceleration has been given. This time period shall run concurrently with the right to cure, if any,
allowed by the Uniform Consumer Credit Code. Such notice of Acceleration shall specify the amount of the nonpayment plus any unpaid late charges and other costs, expenses and fees due under this Note. Until the expiration of said twenty-day period,
the Borrower may cure all defaults consisting of a failure to make required payments by tendering the amounts of all unpaid sums due at the time of tender, without Acceleration, as specified by the Note Holder in such notice. Cure restores the
Borrower to his rights under this Note as though defaults had not occurred. Any defaults under this Note occurring within twelve months after the Note Holder has once given a notice of Acceleration entitles Borrower to no right to cure, except as
otherwise provided by law. The Note Holder shall be entitled to collect all reasonable costs and expense of collection and/or suit, including, but not limited to reasonable attorney’s fees. 
  
 5. In addition to other events of default provided by herein or in the Deed of Trust securing
this Note, Wise Recycling West, LLC shall be in default under this Promissory Note and Deed of Trust upon the occurrence of a default under the Six Hundred Thousand and 001/00 ($600,000.00) Dollar Promissory Note, dated December 31, 2001, from Wise
Recycling West, LLC in favor of TOMRA of North America Finance Corporation (“TNAFC”) (the “2001 Note”), or under the Seven Hundred Twenty Thousand and 00/100 ($720,000.00) Promissory Note, dated December 5, 2002 from Wise
Recycling West, LLC to TNAFC, relating to the purchase of real property located at 4300 Ellison, N.E., Albuquerque, New Mexico (the “Albuquerque, New Mexico Note”). 
  
 In the event of default TNAFC may declare the full amount of this Note, the 2001 Note and the Albuquerque, New Mexico Note
due immediately. 
  

 6. Borrower may prepay the principal amount outstanding under this Note, in whole or in part, at any time without
penalty. Any partial prepayment shall be applied against the principal amount outstanding and shall not postpone the due date of any subsequent payments or change the amount of such payments. 
  
 7. Borrower and all other makers, sureties, guarantors and endorsers hereby waive
presentment, notice of dishonor and protest, and they hereby agree to any extensions of time of payment and partial payment before, at or after maturity. This Note shall be the joint and several obligation of Borrower, and all other makers,
sureties, guarantors and endorsers, and their successors and assigns. 
  
 8. Any
notice to Borrower provided for in this Note shall be in writing and shall be given and be effective upon (1) delivery to Borrower or (2) mailing such notice by first-class U.S. mail, addressed to Borrower at the Borrower’s address stated
below, or to such address as Borrower may designate by notice to Note Holder. Any notice to the Note Holder shall be in writing and shall be given and be effective upon (1) delivery to Note Holder or (2) by mailing such notice by first-class U.S.
mail, to the Note Holder at the address stated in the first paragraph of this Note, or to such other address as Note Holder may designate by notice to Borrower. 
  

9. The indebtedness evidenced by this Note is secured by a Deed of Trust dated December 6, 2002, and until released said Deed of Trust contains additional rights of
the Note Holder. Such rights may cause Acceleration of the indebtedness evidenced by this Note. Reference is made to said Deed of Trust for such additional terms. Said Deed of Trust grants rights in the property identified as follows: 
  
 More particularly known as Lots 2 and 3, Block 1, MDC Industrial Park
Subdivision Filing No. 3, more commonly known as 2601 Chambers Road, Aurora, Colorado. 
  
 Property Address: 2601 Chambers Road, Aurora, Colorado 80011 
  
 (CAUTION: SIGN ORIGINAL NOTE ONLY/RETAIN COPY) 
  

									
	 IF BORROWER IS NATURAL PERSON(S):
	 	 	 	 	 	 
					
	 	 	 	 	 	 	 	 	 
					
	 	 	 	 	 	 	doing business as	 	 

  

									
	 IF BORROWER IS A CORPORATION:
	 	 	 	 
				
	 Attest:
	 	 	 	 	 	 WISE RECYCLING WEST, LLC

	 	 	 	 	 	 	Name of Corporation
					
	 	 	/s/    JAMES TIERNEY        	 	 	 	 By:
	 	/s/    GARY R. CURTIS        
	 	 	Secretary	 	 	 	 	 	Gary R. Curtis, Vice-President

  

									
	 (SEAL)
	 	 	 	 
			
	 IF BORROWER IS PARTNERSHIP
	 	 	 	 
					
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Name of Partnership
					
	 	 	 	 	 	 	by	 	 
	 	 	 	 	 	 	 	 	General Partner

  

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