Document:

EXHIBIT 10.62

                          REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT, (the "Agreement"), dated as of December 4,
2000 between Hi-Rise Recycling Systems, Inc., a Florida corporation (the
"Company"), and the Persons set forth on Annex I attached hereto (collectively,
the "Holders" and each a "Holder").

     1. BACKGROUND. The Company is a party to a certain Securities Purchase
Agreement (this term and all other capitalized terms used herein without
definition having the meaning specified in Section 7 hereof), which governs
certain rights and obligations of the Company and the Holders. The Holders own
warrants to purchase shares of Common Stock as set forth on Annex II attached
hereto.

     2. REGISTRATION RIGHTS.

         2.1. INCIDENTAL (PIGGYBACK) REGISTRATION. If at any time, the Company
proposes to register any of its securities under the Securities Act of 1933, as
amended (the "Securities Act"), for public offering and sale, the Company shall
give notice to the Holders of its intention to effect such a registration prior
to the filing with the Securities and Exchange Commission (the "SEC") of such
registration statement. Notwithstanding the foregoing, a piggyback registration
pursuant to this Section 2.1 shall not include any registration statement (i) on
Form S-8 or any successor form to such form, (ii) on Form S-4 or any successor
form to such form, (iii) filed in connection with an exchange offer or an
offering of Common Stock or of securities convertible or exchangeable into
Common Stock made solely to its existing stockholders in connection with a
rights offering or solely to the Company's employees, or a post-effective
amendment to any then effective registration statement. Upon written request of
any Holder, given within 7 days after receipt from the Company of such notice,
the Company shall use its best efforts to cause the number of such Holder's
Registrable Securities referred to in such request to be included in such
registration statement; provided, however, that in the event that the offering
pursuant to such registration statement shall be underwritten and the
underwriters advise the Company in writing that in their opinion the number of
securities requested to be included in such registration pursuant to this
Section 2.1 exceeds the number of securities which can be sold in the offering
without adversely affecting the offering price or the marketing of the Company's
securities, the Company may first include in such registration all securities
the Company proposes to sell, and such Holder shall accept a reduction (pro rata
with the other Holders who shall have duly requested to include Registrable
Securities in such registration and other holders of the Company's equity
securities entitled to register such securities on such registration statement
whose registration rights are not subordinate to such Holder's ("parri passu
holders"), on the basis of the proportion that the market value (based upon the
proposed offering price of such securities or the mid-point of the range of the
proposed offering prices if any of such securities (the "Market Value")) of each
security holder's aggregate securities requested to be registered bears to the
Market Value of the aggregate amount of all such equity securities (other than
those to be sold for the Company's account) as to which registration is sought
by the Holders and the parri passu holders) in the number of securities to be
included in such registration, which reduction may, if necessary, be total.
Nothing in this Section

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2.1 shall limit the Company's ability to withdraw, or temporarily cease to seek
effectiveness of, a registration statement it has filed either before or after
its effectiveness.

         2.2. DEMAND REGISTRATION. (a) Except as provided in Section 2.2(b)
below, upon the written request of the Holders owning not less than ten percent
(10%) of the Registrable Securities that the Company effect pursuant to this
Agreement the registration of the resale of the Registrable Securities under the
Securities Act (which request shall specify the Registrable Securities so
requested to be registered by each such Holder, the Proposed Amounts thereof and
the intended method of disposition by such Holders), the Company will, as
expeditiously as reasonably possible, use its best efforts to effect the
registration under the Securities Act of the resale of the Proposed Amount of
Registrable Securities, for disposition in accordance with the intended method
of disposition stated in such request; provided, however that (i) if in the good
faith judgment of the Board of Directors of the Company, such registration would
be detrimental to the Company and the Board of Directors of the Company
concludes, as a result, that it is in the best interests of the Company to defer
the filing of such registration statement at such time, and (ii) the Company
shall furnish to such Holders a certificate signed by an executive officer of
the Company that the Board of Directors of the Company has made such a
determination and that it is, therefore, necessary to defer the filing of such
registration statement, then the Company shall have the right to defer such
filing for the period during which such registration would be detrimental,
provided that the Company may not defer the filing for a period of more than 120
days after receipt of the request of such Holders. The Company shall be entitled
to include in any registration statement filed pursuant to this Section 2.2: (A)
securities of the Company held by any other security holder of the Company, and
(B) in an underwritten public offering, securities of the Company to be sold by
the Company for its own account, except as and to the extent that (x) in the
opinion of the managing underwriter (if such method of disposition shall be an
underwritten public offering), such inclusion would adversely affect the
marketing of the Registrable Securities to be sold by such Holders or (y) in the
reasonable opinion of such Holders owning a majority of the Proposed Amount of
Registrable Securities (if such method of disposition is not an underwritten
public offering), such inclusion would adversely affect the price at which such
Registrable Securities may be sold pursuant to the plan of distribution;
provided, however, that if, after such registration statement has been filed,
the managing underwriter believes that the inclusion of all securities requested
to be included in the proposed underwritten public offering would adversely
affect the marketing of the Registrable Securities or, in the case of a
distribution that is not an underwritten public offering, if such Holders owning
a majority of the Proposed Amount of Registrable Securities reasonably believe
that the inclusion of all securities requested to be included in such
registration statement would adversely affect the price at which the Registrable
Securities may be sold pursuant to the plan of distribution, then the aggregate
amount of securities to be offered by the Company and such other security
holders of the Company shall be reduced so as to permit the offering of all
Registrable Securities requested by all the Holders of the entire Proposed
Amount of Registrable Securities without such adverse effects.

         (b) The Company shall not be obligated to take any action to effect any
registration requested by the Holders pursuant to Section 2.2(a) hereof (i)
after the Company has effected two (2) such registrations pursuant to this
Agreement and each such registration has been declared or ordered effective,
(ii) for a period of two (2) years after the Company has effected one such
registration pursuant to Section 2.2(a) hereof and such registration has been
declared or ordered effective, such two year period to commence on the date the
registration statement was

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declared or ordered effective or (iii) at any time after the second anniversary
of the expiration date of the Warrants.

         (c) Notwithstanding any other provision of this Agreement to the
contrary, a registration requested pursuant to this Section 2.2 shall not be
deemed to have been effected (i) unless it has become effective, provided that a
registration that does not become effective after the Company has filed a
registration statement with respect thereto by reason of the refusal of Holders
owning a majority of the Proposed Amount to proceed shall be deemed to have been
effected by the Company unless the Holders shall have elected to pay all Company
Registration Expenses in connection with such registration, (ii) if after it has
become effective such registration is interfered with by any stop order,
injunction or other order or requirement of the SEC or other governmental agency
or court for any reason other than a misrepresentation or an omission by the
Holders, or (iii) if the conditions to closing specified in the purchase
agreement or underwriting agreement entered into in connection with such
registration are not satisfied other than by reason of some wrongful act or
omission, or act or omission in bad faith, by the Holders.

     2.3. HOLDBACK AGREEMENTS. Each Holder, if, as and when such Holders
Registrable Securities are covered by a Registration Statement, agrees, if
necessary to effectuate an underwritten offering of the Company's equity
securities in the reasonable judgment and at the request of the managing
underwriter or underwriters (to the extent timely notified in writing by such
managing underwriter or underwriters), not to effect any public sale or
distribution of securities of the Company of any class included in such
Registration Statement, including a sale pursuant to Rule 144 (or any similar
rule then in force) under the Securities Act, except as part of such
underwritten registration, during the 10-day period prior to, and a period of up
to 120 days (as reasonably determined by the Company and the managing
underwriter or underwriters) beginning on the effective date of any such
underwritten offering (any such period in respect of a Registration Statement
being referred to as a "Holding Period"); PROVIDED, however, that the period of
time for which the Company is to maintain the effectiveness of such Registration
Statement pursuant to Section 2.4 shall be increased by the length of the
applicable Holding Period.

     2.4. REGISTRATION PROCEDURES. Subject to the limitations set forth
elsewhere herein, if and whenever the Company is required by the provisions of
this Agreement to use its best efforts to effect or cause the registration of
any Registrable Securities under the Securities Act as provided in this
Agreement, the Company will, as expeditiously as possible:

         (a) in the case of a registration under Section 2.2 hereof, prepare and
file with the SEC (such filing to be made within 60 days after the initial
request by the requesting Holders pursuant to Section 2.2(a) a registration
statement with respect to such Registrable Securities on a form appropriate to
permit such Holders to sell the Proposed Amount in accordance with such Holders'
intended method of distribution and use its best efforts to cause such
registration statement to become and remain effective;

         (b) prepare and file with the SEC such amendments and supplements to
such registration statement and the prospectus used in connection therewith as
may be necessary to keep such registration statement effective for such period
as shall be requested by the Holders owning the Proposed Amount, which period
shall not exceed twelve (12) months and to comply with the provisions of the
Securities Act with respect to the sale or other disposition of all securities

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covered by such registration statement during such period;; provided, however,
that if such registration has been effected pursuant to Form S-3 (or any
successor form), then such period of effectiveness shall be until the earlier of
(i) 24 months or (ii) the date that the offering is completed or terminated;

         (c) furnish to a single firm of counsel, initially Steel Hector & Davis
LLP, or such other counsel thereafter designated by the Holders who hold a
majority of the Registrable Securities being sold (the "Holder's Counsel"), and
each underwriter of the securities being sold by such Holders, at least 5 days
prior to the filing thereof, such number of copies of such registration
statement and of each such amendment and supplement thereto (in each case
including all exhibits), such number of copies of the prospectus included in
such registration statement (including each preliminary prospectus), in
conformity with the requirements of the Securities Act, and such other
documents, as such counsel may reasonably request, in substantially the form in
which they are proposed to be filed with the SEC, in order to facilitate the
public sale or other disposition of the Registrable Securities owned by such
Holders;

         (d) use its best efforts to register or qualify such Registrable
Securities covered by such registration statement under such other securities or
blue sky laws of such jurisdictions as each underwriter of the securities being
sold by such Holders shall reasonably request, and do any and all other acts and
things which may be necessary or advisable to enable such Holders and such
underwriter to consummate the disposition in such jurisdictions of such
Registrable Securities except that the Company shall not for any purpose be
required to qualify generally to do business as a foreign corporation in any
jurisdiction where, but for the requirements of this clause (d), it would not be
obligated to be so qualified, or subject itself to taxation in any such
jurisdiction;

         (e) use its best efforts to cause such Registrable Securities covered
by such registration statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary to enable the
disposition of such Registrable Securities;

         (f) notify the Holders owning the Proposed Amount, at any time when a
prospectus relating thereto is required to be delivered under the Securities
Act, of the Company's becoming aware that the prospectus included in such
registration statement, as then in effect, includes an untrue statement of a
material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the
circumstances then existing, and promptly prepare and furnish to such Holders
and each underwriter a reasonable amount of copies of a prospectus supplement or
amendment so that, as thereafter delivered to the purchasers of such Registrable
Securities, such prospectus shall not include an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary
to make the statements therein not misleading in the light of the circumstances
then existing;

         (g) otherwise use its best efforts to comply with all applicable rules
and regulations of the SEC, and make available to the Holders, as soon as
reasonably practicable, an earnings statement covering the period of at least
twelve months, but not more than eighteen months, beginning with the first day
of the Company's first calendar quarter after the effective date of the
registration statement, which earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act;

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         (h) enter into such agreements (including an underwriting agreement in
customary form) and take such other actions as the Holders shall reasonably
request in order to expedite or facilitate the disposition of such Registrable
Securities;

         (i) to use its best efforts to furnish to the Holders owning the
Proposed Amount an opinion from the Company's counsel and a "cold comfort"
letter from the Company's independent public accountant (in accordance with SAS
72), addressed to such Holders, in customary form and covering such matters of
the type customarily covered by such opinions and "cold comfort" letters, in
each case for the type of offering contemplated (i.e., underwritten or
self-underwritten), as such Holders shall reasonably request;

         (j) make available for inspection by the Holders, by any other
underwriter participating in any disposition to be effected pursuant to such
registration statement, and by any attorney, accountant or other agent retained
by such Holders or any such underwriter, all reasonably pertinent financial and
other records, reasonably pertinent corporate documents and properties of the
Company, and cause all of the Company's officers, directors, employees and the
independent public accountants who have audited its financial statements to
supply all information reasonably requested by such Holders or any such
underwriter, attorney, accountant or agent in connection with such registration
statement; provided, however, that each such Holder and each such representative
of such Holder, underwriter, attorney, accountant or agent must execute and
deliver to the Company a confidentiality agreement in form and substance
reasonably acceptable to the Company agreeing to keep any such information and
records concerning the Company confidential;

         (k) permit such Holders to participate in the preparation of such
registration or comparable statement;

         (l) at or prior to the effective date of the registration use
commercially reasonable efforts to cause all Registrable Securities covered by
such Registration Statement to be (i) listed on each securities exchange, if
any, on which similar securities issued by the Company are then listed or (ii)
authorized to be quoted on the National Association of Securities Dealers
Automated Quotation System if the securities so qualify and if the Company does
not then have similar securities listed on any national securities exchange; and

         (m) in the case of an underwritten offering, enable the Registrable
Securities to be in such denominations or such number of shares and registered
in such names as the underwriters may request at least two business days prior
to the sale of the Registrable Securities.

     In the case of an underwritten offering, the underwriters shall be selected
by the Company and reasonably acceptable to such Holders owning a majority of
the Proposed Amount of Registrable Securities.

         The Holders owning the Proposed Amount shall, upon receipt of any
notice from the Company of the happening of any event of the kind described in
subdivision (f) above, forthwith discontinue its disposition of Registrable
Securities pursuant to the registration statement covering such Registrable
Securities until such Holders' receipt of the copies of the supplemented or
amended prospectus contemplated by said subdivision and, if so directed by the
Company, will

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deliver to the Company (at the Company's expense) all copies, other than
permanent file copies, then in such Holders' possession of the prospectus
covering such Registrable Securities current at the time of receipt of such
notice. In the event the Company shall give any such notice, the period
mentioned in subdivision (b) above shall be extended by the number of days
during the period from and including the date of the giving of such notice to
and including the date when such Holders shall have received the copies of the
supplemented or amended prospectus contemplated by subdivisions (f) above.

     The Holders shall enter into such customary agreements as requested by the
Company in connection with the registration of securities as contemplated by
this Agreement.

     The Holders shall furnish to the Company in writing such information and
documents regarding such Holders and the distribution of such securities as may
be required to be disclosed in the registration statement in question by the
rules and regulations under the Securities Act or under any other applicable
securities or blue sky laws of the jurisdictions referred to in Section 2.3(d)
hereof. The Company may exclude from such registration the Registrable
Securities of any Holder that fails to furnish such information within a
reasonable time after receiving such request.

     If any such registration or comparable statement refers to any Holder by
name or otherwise as the holder of any securities of the Company then such
Holder shall have the right to require (i) the insertion therein of language, in
form and substance satisfactory to such Holder and presented to the Company in
writing, to the effect that the holding by such Holder of such securities is not
to be construed as a recommendation by such Holder of the investment quality of
the Company's securities covered thereby and that such holding does not imply
that such Holder will assist in meeting any future financial requirements of the
Company, or (ii) in the event that such reference to such Holder by name or
otherwise is not required by the Securities Act or any similar federal statute
then in force, the deletion of the reference to such Holder.

     3. REGISTRATION EXPENSES. In connection with any registration of
Registrable Securities pursuant to this Agreement the Company will, whether or
not any registration pursuant to this Agreement shall become effective, from
time to time promptly upon receipt of bills or invoices relating thereto, pay
all expenses (other than Selling Expenses) incident to its performance of or
compliance with this Agreement (the "Company Registration Expenses"), including
without limitation all registration, filing and NASD fees, fees and expenses of
compliance with securities or blue sky laws, word processing, duplicating and
printing expenses, messenger and delivery expenses, fees and disbursements of
counsel for the Company and all independent public accountants (including the
expenses of any audit and/or "cold comfort" letter) and other Persons retained
by the Company; and reasonable fees and expenses of the Holder's Counsel. In
addition, in the event that an assignment of a Registrable Security occurs
subsequent to the date of effectiveness of a Registration Statement filed
pursuant to this Agreement, the Company shall pay all reasonable expenses
necessary to amend or supplement such Registration Statement to reflect such
assignment for the first two such assignments and the transferee shall pay for
any subsequent assignments. Each Holder shall be responsible for its Selling
Expenses.

     4. INDEMNIFICATION. (a) The Company will, and hereby does, indemnify, to
the extent permitted by law, each Holder, its officers and directors, if any,
and each Person, if any, who controls such Holder within the meaning of Section
15 of the Securities Act, against all losses,

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claims, damages, liabilities (or proceedings in respect thereof) and expenses
under the Securities Act, joint or several, caused by any untrue statement or
alleged untrue statement of a material fact contained in any registration
statement or prospectus (and as amended or supplemented if the Company shall
have furnished any amendments or supplements thereto) or any preliminary
prospectus or caused by any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, except insofar as such losses, claims, damages,
liabilities (or proceedings in respect thereof) or expenses are caused by any
untrue statement or alleged untrue statement or an omission or alleged omission
to state a material fact made in reliance on or in conformity with any
information furnished in writing to the Company by any of the Holders or any
participating underwriter expressly for use therein. If the offering pursuant to
any registration statement provided for under this Agreement is made through
underwriters, the Company agrees to enter into an underwriting agreement in
customary form with such underwriters and to indemnify such underwriters, their
officers and directors, if any, and each Person, if any, who controls such
underwriters within the meaning of Section 15 of the Securities Act to the same
extent as hereinbefore provided with respect to the indemnification of the
Holders, their respective officers and directors, if any, and each Person, if
any, who controls each of such Holders within the meaning of Section 15 of the
Securities Act.

         (b) If for any reason the indemnity under Section 4(a) is unavailable,
then the Company shall contribute to the amount paid or payable by the
indemnified party as a result of such losses, claims, damages, liabilities or
expenses (i) in such proportion as is appropriate to reflect the relative fault
of the Company on the one hand and of the indemnified party on the other or (ii)
if the allocation provided by subdivision (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative fault of the Company on the one hand and the indemnified party on the
other but also the relative benefits received by the Company and the indemnified
party as well as any other relevant equitable considerations. No person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation.

         (c) Each of the Holders will, and hereby does, severally but not
jointly, indemnify, to the extent permitted by law, the Company, its officers
and directors, if any, and each Person, if any, who controls the Company within
the meaning of Section 15 of the Securities Act, against all losses, claims,
damages, liabilities (or proceedings in respect thereof) and expenses under the
Securities Act, caused by any untrue statement or alleged untrue statement of a
material fact contained in any registration statement or prospectus (and as
amended or supplemented if the Company shall have furnished any amendments or
supplements thereto) or any preliminary prospectus or caused by any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading but only to the
extent that such losses, claims, damages, liabilities (or proceedings in respect
thereof) or expenses are caused by any untrue statement or alleged untrue
statement made in reliance on or in conformity with any information furnished to
the Company by any such Holder. If the offering pursuant to any registration
statement provided for under this Agreement is made through underwriters, each
Holder agrees to enter into an underwriting agreement in customary form with
such underwriters and to indemnify such underwriters, their officers and
directors, if any, and each Person who controls such underwriters within the
meaning of Section 15 of the Securities Act to the same extent as hereinbefore
provided with respect to the indemnification of the Company, its

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officers and directors, if any, and each Person, if any, who controls the
Company within the meaning of Section 15 of the Securities Act.

         (d) If for any reason the indemnity under Section 4(c) is unavailable,
then any such Holder shall contribute to the amount paid or payable by the
indemnified party as a result of such losses, claims, damages, liabilities or
expenses (i) in such proportion as is appropriate to reflect the relative fault
of such Holder on the one hand and of the indemnified party on the other or (ii)
if the allocation provided by subdivision (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative fault of such Holder on the one hand and the indemnified party on the
other but also the relative benefits received by such Holder and the indemnified
party as well as any other relevant equitable considerations. No person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation.

         (e) The Holders and the Company shall make payments of all amounts
required to be made pursuant to the foregoing provisions of this Section 4 to or
for the account of the indemnified party from time to time promptly upon receipt
of bills or invoices relating thereto or when otherwise due and payable.

     5. LIMITATIONS ON SALE OR DISTRIBUTION OF SECURITIES. If a registration
under this Agreement shall be in connection with an underwritten public offering
of securities for the Company's or any other security holder's account (other
than any of the Holders), the Holders shall be deemed to have agreed by
acquisition of such Registrable Securities not to effect any public sale or
distribution, including any sale pursuant to Rule 144 under the Securities Act,
of any Registrable Securities, during such period prior and subsequent to the
commencement of the offering of securities pursuant to such registration
statement as may be reasonably requested by the underwriters thereof, and in all
cases to otherwise comply with all applicable rules under the Securities Act and
the Exchange Act, including, without limitation, Regulation M.

     6. REGISTRATION RIGHTS TO OTHERS. If the Company shall at any time
hereafter provide to any holder of any securities of the Company rights with
respect to the registration of such securities under the Securities Act, such
rights shall not be superior to and shall not be in conflict with any of the
rights provided in this Agreement to the Holders.

     7. DEFINITIONS. The following terms have the following respective meanings
for the purpose of this Agreement:

     CREDIT AGREEMENT: That certain Credit Agreement, dated as of the date
hereof, among the Company, the other parties named as Borrowers thereto, General
Electric Capital Corporation, NationsBank, National Association, and Key
Corporate Capital Inc. and the other parties which may from time to time be
Lenders thereunder, and General Electric Capital Corporation, as Administrative
Agent, and NationsBank, National Association, as Revolver Agent)

     EXCHANGE ACT: The Securities Exchange Act of 1934 or any similar federal
statute as at the time in effect, and any reference to a particular Section of
such Act shall include a reference to the comparable Section, if any, of any
such similar federal statute.

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     PERSON: The term "Person" shall have the meaning ascribed to such term in
the Credit Agreement.

     PROPOSED AMOUNT: With respect to the Registrable Securities, the aggregate
amount of Registrable Securities that the Holders thereof shall request the
Company to register pursuant to Section 2.

     REGISTRABLE SECURITIES: The shares of Common Stock of the Company
underlying or issued pursuant to the exercise of the warrants and the additional
warrants to purchase such Common Stock issued or issuable by the Company to the
Holders pursuant to the Securities Purchase Agreement (the "Shares"), including
any additional securities of the Company issued in respect of the Shares,
including by way of a stock split, dividend or other recapitalization or
exchange of securities with or by the Company. Once issued such securities shall
cease to be Registrable Securities when (i) a registration statement with
respect to the sale of such securities shall have become effective under the
Securities Act and such securities shall have been disposed of in accordance
with such registration statement, (ii) they shall have been distributed to the
public pursuant to Rule 144 (or any successor provision) under the Securities
Act or if the Holders may sell the Registrable Securities without restriction
pursuant to Rule 144K under the Securities Act (or successor thereto) and the
restrictive legends have been removed from the certificates representing such
securities, (iii) they shall have been otherwise transferred, new certificates
for them not bearing a legend restricting further transfer shall have been
delivered by the Company and subsequent disposition of them shall not require
registration or qualification of them under the Securities Act or any similar
state law then in force, or (iv) they shall have ceased to be outstanding.

     SECURITIES ACT: The Securities Act of 1933, as amended or any similar
Federal statute as at the time in effect, and any reference to a particular
Section of such Act shall include a reference to the comparable Section, if any,
of any such similar Federal statute.

     SECURITIES PURCHASE AGREEMENT: That certain Securities Purchase Agreement
dated as of October 28, 1998 by and among the Company and the purchasers named
therein.

     SELLING EXPENSES: All underwriting discounts, selling commissions and stock
transfer taxes applicable to the securities registered by such Holders.

     8. AMENDMENTS AND WAIVERS. This Agreement may be amended by a writing
signed by both a majority of the Holders and the Company. Each Holder shall be
bound by any consent authorized by this Section 8, whether or not such
Registrable Securities shall have been marked to indicate such consent.

     9. NOTICES. Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other
communication shall or may be given to or served upon any of the parties by any
other parties, or whenever any of the parties desires to give or serve upon any
other parties any communication with respect to this Agreement, each such
notice, demand, request, consent, approval, declaration or other communication
shall be in writing and shall be deemed to have been validly served, given or
delivered (a) upon the earlier of actual receipt and three (3) Business Days
after deposit in the United States Mail, registered or certified mail, return
receipt requested, with proper postage prepaid, (b) one (1) Business Day after

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deposit with a reputable overnight courier with all charges prepaid or (c) when
delivered, if hand-delivered by messenger, all of which shall be addressed to
the party to be notified and sent to the address indicated on ANNEX III or to
such other address (or facsimile number) as may be substituted by notice given
as herein provided. The giving of any notice required hereunder may be waived in
writing by the party entitled to receive such notice. Failure or delay in
delivering copies of any notice, demand, request, consent, approval, declaration
or other communication to any Person designated on ANNEX III to receive copies
shall in no way adversely affect the effectiveness of such notice, demand,
request, consent, approval, declaration or other communication.

     10. SPECIFIC PERFORMANCE. The parties hereto recognize and agree that money
damages may be insufficient to compensate the Holders for breaches by the
Company of the terms hereof and, consequently, that the equitable remedy of
specific performance of the terms hereof will be available in the event of any
such breach.

     11. SEVERABILITY. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of
the remaining provisions contained herein shall not be in any way impaired
thereby, it being intended that all of the rights and privileges of the parties
hereto shall be enforceable to the fullest extent permitted by law.

     12. MISCELLANEOUS. This Agreement shall be binding upon and inure to the
benefit of and be enforceable by the respective successors and assigns of the
parties hereto, whether so expressed or not. Each Holder may freely assign all
or a portion of its rights under this Agreement. This Agreement, the Securities
Purchase Agreement, the Warrants, the Credit Agreement and the Loan Documents
described therein embody the entire agreement and understanding between the
Company and the Holders and supersede all prior agreements and understandings
relating to the subject matter hereof. THIS AGREEMENT SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK
WITHOUT REGARD TO THE CONFLICTS OF LAWS PRINCIPLES THEREUNDER. The headings in
this Agreement are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof. This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument.

                  [Remainder of Page Intentionally Left Blank.
                        Signatures Follow on Next Page.]

                                      -10-

<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
and delivered by their respective officers thereunto duly authorized as of the
date first above written.

                                     HI-RISE RECYCLING SYSTEMS, INC.

                                     By:  /s/ J. Gary McAlpin
                                     Name:  J. Gary McAlpin
                                     Title: Chief Operating Officer

                                     General Electric Capital
                                     Corporation

                                     By: /s/Timothy B. Perusek
                                     Name: Timothy B. Perusek
                                     Title: Vice President

                                     NationsBank, National Association

                                     By: /s/John Foreman
                                     Name: John Foreman
                                     Title: Vice President

                                     Key Corporate Capital Inc.

                                     By: /s/Laura A. Coneglio
                                     Name: Laura A. Coneglio
                                     Title: Assistant Vice President

                                      -11-EXHIBIT 10.63

                FIFTH AMENDMENT TO CREDIT AGREEMENT AND COMPOSITE
                               AMENDMENT AGREEMENT

                  THIS FIFTH AMENDMENT TO CREDIT AGREEMENT AND COMPOSITE
AMENDMENT AGREEMENT ("Amendment") is made and entered into as of this 9th day of
December, 2000 (the "Fifth Amendment Date") by and among HI-RISE RECYCLING
SYSTEMS, INC., a Florida corporation ("Hi-Rise"), IDC ACQUISITION SUB, INC., a
New York corporation ("IDC"), WILKINSON COMPANY, INC., an Ohio corporation
("Wilkinson"), RECYCLTECH ENTERPRISES INC., an Ontario corporation
("Recycltech"), HESCO SALES, INC., a Florida corporation ("Hesco"), UNITED TRUCK
AND BODY CORPORATION, a Florida corporation ("United Truck"), HESCO EXPORT
CORPORATION, a Florida corporation ("Hesco Export"), BES-PAC, INC., formerly
known as BPI ACQUISITION CORP., a South Carolina corporation ("Bes-Pac
Acquisition Corp."), and DII ACQUISITION CORP., a Connecticut corporation
("Devivo Acquisition Corp.") (Hi-Rise, IDC, Wilkinson, Recycltech, Hesco, United
Truck, Hesco Export, Bes-Pac Acquisition Corp and Devivo Acquisition Corp. are
sometimes collectively referred to herein as the "Borrowers" and individually as
a "Borrower"); ACME CHUTE COMPANY, INC., a Florida corporation ("Acme Chute"),
DEVIVO INDUSTRIES, INC., a Connecticut corporation ("Devivo"), ECOLOGICAL
TECHNOLOGIES, INC., a Connecticut corporation ("Eco"), KE CORPORATION, a
Delaware corporation ("Kohlman Acquisition Corp."), and AMERICAN GOOSENECK,
INC., an Arizona corporation ("American Gooseneck") (Acme Chute, DeVivo, Eco,
Kohlman Acquisition Corp. and American Gooseneck are sometimes collectively
referred to herein as the "Subsidiary Guarantors" and, together with the
Borrowers, the "Credit Parties"); GENERAL ELECTRIC CAPITAL CORPORATION, a New
York corporation (in its individual capacity, "GE Capital"), BANK OF AMERICA,
N.A., successor in interest to NATIONSBANK, N.A., a national banking association
(in its individual capacity, "NationsBank"), KEY CORPORATE CAPITAL, INC., (in
its individual capacity, "KCCI"), the other Lenders signatory hereto from time
to time, GENERAL ELECTRIC CAPITAL CORPORATION, as Administrative Agent for the
Lenders ("Administrative Agent"), and BANK OF AMERICA, N.A., successor in
interest to NATIONSBANK, N.A., as Revolver Agent for the Lenders ("Revolver
Agent" and, together with Administrative Agent, "Agents").

                               W I T N E S S E T H

                  WHEREAS, Borrowers, GE Capital, Nationsbank, KCCI and Agents
have entered into that certain Credit Agreement, dated as of October 28, 1998
(the "Credit Agreement"), as amended by that certain First Amendment to Credit
Agreement and Composite Amendment Agreement, dated as of September 17, 1999 (the
"First Amendment"), that certain Second Amendment to Credit Agreement and
Composite Amendment Agreement dated as of June 30, 2000 (the "Second
Amendment"), that certain Third Amendment to Credit Agreement and Composite

<PAGE>

Amendment Agreement dated as of October 19, 2000 (the "Third Amendment"), and
that certain Fourth Amendment to Credit Agreement and Composite Amendment
Agreement dated as of December 4, 2000 (the "Fourth Amendment") pursuant to
which Credit Agreement the Lenders extended revolving and term credit facilities
to the Borrowers of up to Sixty-Three Million and No/100 Dollars
($63,000,000.00) in the aggregate for the purpose of funding certain
Acquisitions and refinancing certain indebtedness of the Borrowers, to provide
working capital financing for the Borrowers and to finance capital expenditures
of the Borrowers; and

                  WHEREAS, the parties desire to amend the Availability Covenant
provided for in the Fourth Amendment.

                  NOW THEREFORE, in consideration of the premises, and in
reliance thereon, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

                                       2
<PAGE>

                                    Article 1

                            RECITATIONS; DEFINITIONS

         Section 1.1 Recitations. Each of the Credit Parties hereby jointly and
severally confirms the truth and accuracy of each of the preambles and recitals
set forth in the introduction to this Amendment and agrees that each of the
preambles and recitals set forth in the introduction to this Amendment are
incorporated herein by reference and are and shall be deemed to be a part of
this Amendment as if fully set forth herein.

         Section 1.2 Definitions. Capitalized terms not otherwise defined in
this Amendment shall have the meaning ascribed thereto in the Credit Agreement.

                                    Article 2

                         AMENDMENTS TO CREDIT AGREEMENT

                                    Article 3

         Section 3.1 Availability Covenant. The definition of "Availability
Covenant" is hereby amended to read as follows:

         "Availability Covenant" shall mean that commencing November 30, 2000
         and on the last day of each calendar month thereafter, the sum of (i)
         the positive difference, if any, of the outstanding balance of the
         aggregate Revolving Loan (Revolver A) less the Borrowing Base (Revolver
         A) and (ii) the positive difference, if any, of the outstanding balance
         of the aggregate Revolving Loan (Revolver B) less the Borrowing Base
         (Revolver B), shall be not more than $14,333,000.

         Section 3.2 Certain Definitions.

                  3.2.1 All references in the Credit Agreement to "this
Agreement," "herein," hereof" or sections thereof shall be deemed to mean
references to the Credit Agreement as amended by this Amendment.

                  3.2.2 The definition of "Loan Documents" is hereby amended to
include the Credit Agreement, as amended by this Amendment, together with all
other documents and instruments heretofore, contemporaneous herewith or from
time to time hereafter executed and delivered to or in favor of the
Administrative Agent, the Revolver Agent and/or the Lenders, or any one or more
of them, in connection with the Credit Agreement, as amended by this Amendment,
and/or evidencing and/or securing all or any portion of the obligations and
indebtedness of the Borrowers, and each of them, to the

                                       3
<PAGE>

Lenders and the Agents under the Credit Agreement, as amended by this Amendment,
together with any and all modifications, renewals and replacements therefor made
from time to time.

                                    Article 4

                               COMPOSITE AMENDMENT

         Section 4.1 Additional Definitions. All references in each of the Loan
Documents to the "Agreement" and the "Credit Agreement" shall mean the Credit
Agreement, as amended by this Amendment, and all modifications, amendments and
extensions thereto from time to time.

         Section 4.2 Ratification. The parties hereto agree that the Collateral
Documents, and each of them, secure, in addition to all obligations presently
secured thereby, the full and timely payment performance by the Borrowers, and
each of them, of their respective obligations and indebtedness under and in
respect of the Credit Agreement, as amended by this Amendment, including,
without limitation, the repayment of the Notes, as the same may be consolidated,
amended and restated, in each case whether presently existing or hereafter
created or incurred, all of which obligations are and shall be equally secured
with and have the same priority as the obligations originally secured by the
Collateral Documents, and each of them, provided that nothing herein shall be
deemed or construed to mean that the Collateral Documents by their own terms do
not presently secure such obligations and indebtedness.

                                    Article 5

                          CREDIT PARTY ACKNOWLEDGMEnts

         Section 5.1 Indebtedness. The principal amount outstanding under the
Notes as of the date hereof, is as set forth on the schedule attached hereto as
Schedule "1".

         Section 5.2 No Offsets or Defenses. As a material inducement to Lenders
and Agents to enter into this Agreement, each of the Borrowers and Subsidiary
Guarantors hereby acknowledges and agrees that the Indebtedness and all Loan
Documents are valid and binding liabilities and obligations of each Borrower and
Subsidiary Guarantors. Each of the Credit Parties hereby jointly and severally
ratifies and confirms each of their respective obligations and indebtedness
under the Credit Agreement and represents and warrants to the Lenders and the
Agents that none of them has or claims any defenses, offsets or counterclaims to
any of their respective obligations and indebtedness under the Credit Agreement
or any of the other Loan Documents, in each case as amended by this Amendment.

                                       4
<PAGE>

         Section 5.3 No Waiver or Estoppel. None of this Amendment or any
negotiations or other action undertaken with respect to the Loans shall
constitute a waiver of any party's rights under the Loan Documents, except to
the extent specifically stated herein or in another written agreement executed
by all of the parties to this Amendment. In addition, except as expressly
provided in this Amendment, none of this Amendment or any negotiations or other
action undertaken with respect to the Loans shall restrict, inhibit or estop
Lenders or Agents from exercising any right, remedy or power available to such
party at any time (whether or not negotiations are continuing) including all
rights, remedies and powers granted under the Loan Documents or otherwise
available at law or in equity, or require any delay in the exercise of any such
right, remedy or power, but subject to the terms and conditions of the Loan
Documents. The Credit Parties agree that no failure to exercise and no delay in
exercising any rights, remedies, and powers under the Loan Documents or
otherwise available at law or in equity shall operate as a waiver of any such
rights, remedies or powers, including the right to charge interest at the
Default Rate on all outstanding amounts from the time of the Pending Defaults or
the date of any advance of Term Loan C, as applicable.

         Section 5.4 Partial Payments. The Credit Parties acknowledge that any
partial payments made, either before or after the execution of this Amendment,
may be applied to the Notes in partial satisfaction of the Obligations and that
neither the acceptance nor application by Agents or Lenders of any partial
payment shall constitute a cure or waiver of any default under any of the Loan
Documents, constitute any extension or other modification of the Loans or any
Loan Document, or prejudice any of Lenders' rights under any Loan or any Loan
Documents.

         Section 5.5 Representations and Warranties. Each of the Credit Parties
hereby jointly and severally represents and warrants that, except as set forth
on Schedule 2 hereto, each of the representations and warranties of the Credit
Parties, and each of them, set forth in the Credit Agreement and in each of the
other Loan Documents, in each case as amended by this Amendment, is true and
correct as of the date hereof and other than the Pending Defaults, no Default or
Event of Default has occurred and is continuing under the Credit Agreement or
any of the other Loan Documents, in each case as amended by this Amendment.

         Section 5.6 No Litigation. The Credit Parties hereby represent and
warrant to Administrative Agent and the Lenders that, except as set forth on
Schedule 2 hereto, no litigation, investigation or proceeding before or by an
arbitrator or Governmental Authority is continuing or, to the knowledge of any
Credit Party, threatened against the Credit Parties, or any of them, or any of
their officers, directors or Affiliates (i) with respect to the Credit
Agreement, as amended by this Amendment, the Notes, or any of the other Loan
Documents, in each case as amended by this Amendment, or any of the transactions
contemplated hereby or thereby, or (ii) which could have a Material Adverse

                                       5
<PAGE>

Effect on the Business, prospects or financial condition of the Credit Parties,
or any of them.

                                    Article 6

                              Additional Covenants

         Section 6.1 Waiver of the Automatic Stay.

                  6.1.1 The Credit Parties hereby agree that, in consideration
for this Amendment in the event that any Borrower or Subsidiary Guarantor shall
(i) file with any bankruptcy court of competent jurisdiction or be the subject
of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code"),
(ii) be the subject of any order for relief issued under the Bankruptcy Code,
(iii) file or be the subject of any petition seeking any reorganization,
arrangement, composition, readjustment, liquidation, dissolution, or similar
relief under any present or future federal or state act or law relating to
bankruptcy, insolvency, or other relief for debtors, (iv) have sought or
consented to or acquiesced in the appointment of any trustee, receiver,
conservator, or liquidator, or (v) be the subject of an order, judgment or
decree entered by any court of competent jurisdiction approving a petition filed
against Credit Parties for any reorganization, arrangement, composition,
readjustment, liquidation, dissolution, or similar relief under any present or
future federal or state act or law relating to bankruptcy, insolvency or relief
for debtors (any of the foregoing clauses (i) - (v) being a "Filing"), then,
subject to court approval, Agents and Lenders shall thereupon be entitled and
the Credit Parties hereby irrevocably consent to and agree to stipulate to
relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or
otherwise, on or against the exercise of the rights and remedies otherwise
available to Lenders as provided in the Loan Documents, and as otherwise
provided by law, and Credit Parties hereby irrevocably waive any rights to
object to such relief. This covenant is a material inducement for Lenders to
accept this Amendment.

                  6.1.2 Lenders, Agents and Credit Parties shall cooperate in
defending the validity of the transactions contemplated by the Credit Agreement,
this Amendment or any of the other Loan Documents in any court, administrative
or judicial proceeding.

         Section 6.2 Release. Credit Parties hereto desire to fully comprise,
release and settle any and all claims, counterclaims, liabilities, damages,
defenses, demands and causes of action that Credit Parties have or may have
against the Agents or Lenders related to or that may have arisen, may arise or
are or become assertable as a result of events occurring in connection with the
Lending Relationship (as defined below), including any claims, causes of action
or defenses based on the negligence of Agents or Lenders or on any "lender
liability" theories of, among others, bad faith, unfair dealings, duress,
coercion, control, misrepresentation, omission, misconduct, overreaching,
unconscionability, disparate bargaining position, reliance, equity
subordination, fraud,

                                       6
<PAGE>

failure of consideration in whole or in part, or otherwise, and do hereby intend
to release, compromise and settle all such claims and matters, whether known or
unknown, whether reduced to judgment, liquidated or unliquidated, fixed,
contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured
or unsecured and whether they arose collaterally, directly, derivately, or
otherwise between the Credit Parties on the one hand, and Agents or Lenders, on
the other hand (collectively, the "Released Claims"). The Credit Parties hereby
stipulate, agree, covenant, warrant and represent unto the Lenders and Agents
that no Borrower or Subsidiary Guarantor has any outstanding claims,
counterclaims, liabilities, damages, defenses, demands or causes of action
against any Lender or Agent and their respective successors, assigns, directors,
officers, employees, agents and/or attorneys. The Credit Parties do hereby
unconditionally forever release, acquit, settle and discharge each Agent and
Lender, and their respective successors, assigns, directors, officers,
employees, agents and attorneys of and from the Released Claims and Credit
Parties hereby declare the Released Claims forever released, acquitted, settled
and discharged. As used herein, the term "Lending Relationship" shall mean a
collective reference to the Notes, any Loan, Collateral Documents, Guaranties,
or any other Loan Documents, together with any and all negotiations,
discussions, acts, omissions, renewals, extensions, collateral documents, loan
agreements, term sheets and other agreements and actions related thereto.

                                    Article 7

                                  MISCELLANEOUS

         Section 7.1 Free and Voluntary Act. All Borrowers and Subsidiary
Guarantors are freely and voluntarily entering into this Amendment and will
enter into any document necessary to fulfill the agreements contemplated herein
after full consultation with legal, financial and other counsel of their
choosing. Each Borrower and Subsidiary Guarantor has individually read this
Amendment and has discussed this Amendment with its respective legal, financial
and other counsel. All Borrowers and the Subsidiary Guarantors understand this
Amendment and the risk inherent in, and significance of, same.

         Section 7.2 No Implied Terms. Any and all duties or obligations that
Agents and Lenders may have to any Borrower or Subsidiary Guarantor, are limited
to those expressly stated in the Loan Documents as amended hereby, and neither
the duties and obligations of Lenders and Agents nor the rights of the Credit
Parties shall be expanded beyond the express terms of the Loan Documents as so
amended.

         Section 7.3 Fair Consideration. Agents' and Lenders' agreements
contained herein constitute valuable, adequate and fair consideration for the
obligations of the Credit Parties hereunder.

                                       7
<PAGE>

         Section 7.4 No Lender Control. No Lender will, nor has ever been, a
partner, joint venturer, alter ego, manager, or controlling person of any of the
Credit Parties.

         Section 7.5 No Other Representation. The Credit Parties acknowledge and
agree that no Agent, Lender or any person or entity acting on their behalf has
made any representation or promise to any Borrower or Subsidiary Guarantor which
is not expressly set forth herein or in the other Loan Documents.

         Section 7.6 Captions. The captions and headings used in this Amendment
are for convenience of reference only and do not in any way affect, limit,
amplify or modify the terms and provisions of this Amendment.

         Section 7.7 Counterpart Execution. This Amendment may be executed in
several counterparts, each of which shall constitute an original, but together
such counterparts shall constitute one and the same instrument.

         Section 7.8 Successors and Assigns. This Amendment shall inure to the
benefit of and be binding upon the parties hereto and their permitted legal
representatives, heirs, successors and assigns.

         Section 7.9 Time; Construction; Exhibits. Time is of the essence of
each provision of this Amendment. All references to the singular or plural
number or masculine, feminine or neuter gender shall, as the context requires,
include all others. All exhibits attached hereto are by this reference made a
part of this Amendment for all purposes. All references to sections, paragraphs,
and exhibits are to this Amendment unless otherwise specifically noted. The use
of the words "hereof", "hereunder", "herein" and words of similar import shall
refer to this entire Agreement and not to any particular section, paragraph or
portion of this Amendment unless otherwise specifically noted. All references to
"including" shall mean "including without limited to."

         Section 7.10 Severability. If for any reason any provision of this
Amendment shall be held to be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

         Section 7.11 Authority. Each individual executing this Amendment on
behalf of any party to this Amendment represents and warrants that he or she is
authorized to enter into this Amendment on behalf of that party and that this
Amendment binds that party.

         Section 7.12 Parties in Interest. Nothing in this Amendment is intended
to confer any rights or remedies under or by reason of this Amendment on any
person other than the parties hereto and their respective permitted successors
and assigns, nor is anything in this Amendment intended to relieve or discharge
any obligation of any third

                                       8
<PAGE>

person or any party hereto or to give any third person any right to subrogation
or action over or against any party to this Amendment.

         Section 7.13 Further Assurances. The Credit Parties shall, at their own
expense, execute, acknowledge and deliver any further assignments, conveyances,
transfers or other assurances, documents or instruments reasonably requested by
any Agent and will take any other action consistent with the terms of this
Amendment or which may reasonably be requested by any Agent in order to
accomplish and effectuate the intent hereof.

         Section 7.14 Expenses; Documentary Stamp Taxes. The Credit Parties
shall pay all costs and expenses incurred by Lenders or Agents in connection
with the execution and delivery of this Amendment. This Amendment has been
executed and delivered outside the State of Florida and are not intended to be
brought into the State of Florida except for collection purposes. It is the
parties understanding that no Florida documentary stamp tax levied pursuant to
Chapter 201 of the Florida statutes is due with respect to this Amendment.
However, the Credit Parties agree to indemnify the Lenders and Agents and hold
them harmless from and against any losses, costs or expense, and hereby agree to
pay any and all stamps, duties and taxes, together with any penalty that any
Lender or Agent may be called upon to pay in the event the Florida Department of
Revenue or any other governmental agency should in the future determine that any
such amounts have been, are or will at any time in the future become due and
payable.

         Section 7.15 Law Governing; Consent to Jurisdiction. EXCEPT AS
OTHERWISE EXPRESSLY PROVIDED IN ANY OF THE LOAN DOCUMENTS, IN ALL RESPECTS,
INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, THE LOAN
DOCUMENTS AND THE OBLIGATIONS SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS
MADE AND PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS OF THE UNITED STATES OF
AMERICA. EACH CREDIT PARTY HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL
COURTS LOCATED IN NEW YORK COUNTY, CITY OF NEW YORK, NEW YORK SHALL HAVE
EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THE
CREDIT PARTIES, AGENTS AND LENDERS PERTAINING TO THIS AMENDMENT OR ANY OF THE
OTHER LOAN DOCUMENTS OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS
AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS, PROVIDED, THAT AGENTS, LENDERS AND
THE CREDIT PARTIES ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE
HEARD BY A COURT LOCATED OUTSIDE OF NEW YORK COUNTY, CITY OF NEW YORK, NEW YORK
AND, PROVIDED, FURTHER, NOTHING IN THIS AMENDMENT SHALL BE DEEMED OR OPERATE TO
PRECLUDE ADMINISTRATIVE AGENT

                                       9
<PAGE>

FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO
REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO
ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF ADMINISTRATIVE AGENT. EACH
CREDIT PARTY EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN
ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH CREDIT PARTY HEREBY
WAIVES ANY OBJECTION WHICH SUCH CREDIT PARTY MAY HAVE BASED UPON LACK OF
PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY
CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED
APPROPRIATE BY SUCH COURT. EACH CREDIT PARTY HEREBY WAIVES PERSONAL SERVICE OF
THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND
AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH CREDIT PARTY AT THE ADDRESS SET
FORTH IN THE CREDIT AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED
UPON THE EARLIER OF SUCH CREDIT PARTY'S ACTUAL RECEIPT THEREOF OR THREE (3) DAYS
AFTER DEPOSIT IN THE U.S. MAILS, PROPER POSTAGE PREPAID.

         Section 7.16 WAIVER OF JURY TRIAL. AGENTS, LENDERS, BORROWERS AND
SUBSIDIARY GUARANTORS DO HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE
THE RIGHT WHICH THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AMENDMENT, THE
EXHIBITS, ANY TRANSACTION CONTEMPLATED HEREIN, OR ANY COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY ARISING OUT OF OR
RELATED IN ANY MANNER WITH THIS AMENDMENT, ANY NOTE, ANY LOAN OR THE COLLATERAL
(INCLUDING, WITHOUT LIMITATION, ANY ACTION TO RESCIND OR CANCEL THIS AMENDMENT
AND ANY CLAIMS OR DEFENSES ASSERTING THAT THIS AMENDMENT WAS FRAUDULENTLY
INDUCED OR IS OTHERWISE VOID OR VOIDABLE). THIS WAIVER BY LENDERS, BORROWERS AND
SUBSIDIARY GUARANTORS IS A MATERIAL INDUCEMENT FOR AGENTS AND LENDERS TO ENTER
INTO THIS AMENDMENT.

                  [REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]

                                       10
<PAGE>

         IN WITNESS WHEREOF, this Amendment was made and executed as of the date
first above written.

BORROWERS:                 HI-RISE RECYCLING SYSTEMS,
                           INC., a Florida corporation
                           IDC ACQUISITION SUB, INC., a New
                           York corporation
                           WILKINSON COMPANY, INC., an
                           Ohio corporation
                           RECYCLTECH ENTERPRISES INC.,
                           an Ontario corporation
                           HESCO SALES, INC., a Florida
                           corporation
                           BES-PAC, INC., formerly known as BPI
                           ACQUISITION CORP., a South Carolina
                           corporation
                           DII ACQUISITION CORP., a
                           Connecticut corporation

                           By:      /s/ Donald Engel
                              --------------------------------------------------
                                    Name: Donald Engel
                                    Title: CEO and Chairman of the
                                           Board

                           ACME CHUTE COMPANY, INC., a
                           Florida corporation
                           DEVIVO INDUSTRIES, INC., a
                           Connecticut corporation
                           ECOLOGICAL TECHNOLOGIES,
                           INC., a Connecticut corporation
                           KE CORPORATION, a Delaware
                           corporation
                           AMERICAN GOOSENECK, INC., an
                           Arizona corporation

                           By:      /s/ Donald Engel
                              --------------------------------------------------
                                    Name: Donald Engel
                                    Title: CEO and Chairman of the Board

                                       11
<PAGE>

LENDERS:                   GENERAL ELECTRIC CAPITAL
                           CORPORATION, as Administrative
                           Agent and as Lender

                           By:      /s/ Patrick Flynn
                              --------------------------------------------------
                                    Name: Patrick Flynn
                                    Title: Risk Manager

                           BANK OF AMERICA, N.A., successor in
                           interest to NATIONSBANK, N.A., as
                           Revolver Agent and as Lender

                           By:      /s/ Justin McCarthy
                              --------------------------------------------------
                                    Name: Justin McCarthy
                                    Title: Vice President

                           KEY CORPORATE CAPITAL, INC.

                           By:      /s/ Craig Haverlock
                              --------------------------------------------------
                                    Name: Craig Haverlock
                                    Title: Designated Signer

                                       12
<PAGE>

                                   SCHEDULE 1

                          CURRENT OUTSTANDING BALANCES
                            (as of November 30, 2000)

Revolving Notes (Revolver A) including               $18,469,423.28
         Swing Line Notes (Revolver A)

Revolving Notes (Revolver B) including               $7,248,298.95
         Swing Line Notes (Revolver B)

Term Notes A                                         $4,333,333.35

Term Notes B                                         $9,000,000.00

Term Note C                                          $0.00

Acquisition Loan Notes                               $14,372,005.70

                                       13
<PAGE>

                                   SCHEDULE 2

                               POTENTIAL DEFAULTS

                       CREDIT PARTIES DISCLOSURE SCHEDULE

                          Dated as of December 14, 2000

         In connection with the Fifth Amendment to Credit Agreement and
Composite Amendment Agreement, dated as of December 9, 2000, by and among the
Credit Parties, the Lenders and the Agents, attached hereto are certain sections
of the disclosure schedule (the "Disclosure Schedule") to the Fifth Amendment
prepared by the Credit Parties. Capitalized terms not otherwise defined herein
but defined in the Fifth Amendment shall have the meaning set forth in the Fifth
Amendment.

         Any fact or item stated in any section of the Disclosure Schedule shall
be deemed to be disclosed on any other section or sections of the Disclosure
Schedule, notwithstanding the omission of a reference or cross-reference
thereto.

         The inclusion of any information in the Disclosure Schedule shall not
be deemed an admission or acknowledgment, in and of itself, that such
information is required to be listed in the Disclosure Schedule or that any such
items are material to the Credit Parties.

         The headings of the sections of the Disclosure Schedule are inserted
for convenience only and shall not be deemed to constitute a part thereof or a
part of the Fifth Amendment.

                                       14
<PAGE>

                                   Schedule 2

Representations and Warranties and Litigation

The representations and warranties contained in Sections 3.13, 3.17 and 3.21 of
the Credit Agreement are qualified by the following exceptions:

DeVivo Environmental Matters

In February 1999, Hi-Rise acquired all of the outstanding capital stock of
DeVivo. DeVivo had been operating four paint spray booths to paint its products
since 1985. Two Notices of Violation were issued by the Connecticut Department
of Environmental Protection (the "DEP"), one for construction of the booths and
one for their operation. In addition, a third Notice of Violation was issued by
the DEP for DeVivo's failure to have submitted an application permit under Title
V of the Clean Air Act.

On or about July 31, 2000, the Commissioner of Environmental Protection for the
State of Connecticut (the "Plaintiff") brought an action in Superior Court,
Judicial District of Hartford, State of Connecticut, against DeVivo alleging
that DeVivo violated several provisions of Connecticut law by its failure to
obtain the permits relating to its construction, installation and operation in
1986 and 1994 of those paint spray booths used in its manufacturing processes.
The Plaintiff is seeking civil penalties not to exceed $25,000 per day for each
day of violation on or after October 1, 1990 and civil penalties not to exceed
$1,000 per day for each day of violation prior to October 1, 1990. The Credit
Parties believe that they are entitled to be indemnified for substantially all
liability for this action by the former shareholders of DeVivo pursuant to the
terms and conditions of the Stock Purchase Agreement dated as of February 23,
1999, by and among Hi-Rise Recycling Systems, Inc., DII Acquisition Corp.,
DeVivo, Ecological Technologies and the shareholders of DeVivo.

DeVivo has submitted applications for the necessary permits.

Morse Diesel International, Inc. v. Mirage on the Gulf, Ltd., et. al, Case No.
00-36-3061CA, Collier County, Florida Circuit Court

Hi-Rise is named as a defendant in this case. Morse Diesel, the general
contractor, is suing the owner, Mirage, for non-payment of the sums due under
the general contract. Hi-Rise has filed a claim of lien against the subject
property. Morse Diesel alleges that Morse Diesel's interests are superior to the
lien held by Hi-Rise and seeks to foreclose the Hi-Rise lien. An amended
complaint was served on Hi-Rise on November 14, 2000.

                                       15
<PAGE>

Lawson Steel, Inc. v. Hi-Rise Recycling Systems, Inc. and DeVivo Industries,
Case No. 00-29876 CA24, Miami-Dade County, Florida Circuit Court

Lawson Steel filed suit on November 14, 2000 alleging non-payment of $58,396.87.
[Note: The previous suit filed by Lawson Steel in federal court was voluntarily
dismissed without prejudice. Lawson Steel then re-filed in state court.]

Reliance MetalCenter v. Hi-Rise Recycling Systems, Inc., United States District
Court, Southern District of Florida, Case No. 00-14293-CIV-Paine/Lynch

Reliance filed suit on October 2, 2000 alleging non-payment of $364,536.05 for
metal products previously delivered to Hi-Rise and AG Products, Inc.

The Permite Corporation v. Hesco Sales, Inc., Case No. 00-30312 CA 09,
Miami-Dade County, Florida Circuit Court

The Permite Corporation filed suit on or about November 20, 2000 alleging
non-payment of $48,844.41 for goods and merchandise.

The representations and warranties set forth in Section 3.5 are qualified by the
following exceptions:

The Pending Defaults, the litigation and environmental matters described above
could have a Material Adverse Effect.

                                       16
<PAGE>

Covenants

The Credit Parties may be in breach of certain covenants set forth in Sections
5.8 and 6.11 of the Credit Agreement due to the DeVivo Environmental Matters
referenced above.

In addition, the Credit Parties may be in breach of the following covenants:

         Section 5.2 - Payment of Obligations

         Hi-Rise files its income tax returns on a consolidated basis that
         includes the other Credit Parties. Hi-Rise has not made any payments
         with respect to its outstanding consolidated income tax liability
         incurred for the fiscal year ended December 31, 1999 because it
         anticipates that it will receive a refund for fiscal year ending
         December 31, 2000 due to losses incurred during that fiscal year.
         Hi-Rise intends to accrue penalties and interest up until the date on
         which the refund is paid to it and allow a portion of that refund to be
         used to pay the outstanding income tax liability and the accompanying
         penalties and interest.

         The Credit Parties owe payment for lawful claims for labor, materials,
         supplies and services which have been provided by certain vendors of
         the Credit Parties and are past due.

         Section 5.6 - Supplemental Disclosure

         The Credit Parties have not timely supplemented each Disclosure
         Schedule to the Credit Agreement to disclose matters which, if existing
         or occurring at the date of the Credit Agreement, would have been
         required to be set forth or described in such Disclosure Schedule to
         the Credit Agreement or which was necessary to correct any information
         in such Disclosure Schedule or representation to the Credit Agreement.
         The Credit Parties have now supplied to Lenders the information that
         would have been required to have been so disclosed.

         Section 5.9 - Landlords' Agreements, Mortgage Agreements and Bailee
         Letters

         The Credit Parties have not yet obtained landlord agreements with
         respect to certain parcels of land which are leased by the Credit
         Parties which would contain a waiver or subordination of all Liens or
         claims that the landlord may assert against the Inventory or Collateral
         at that location.

         Section 6.10 - Financial Covenants

         The Credit Parties are not in compliance with any of the financial
         covenants.

                                       17

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