Document:

Unassociated Document

    Exhibit
10.13.1

    

    

    

    FIRST
AMENDMENT TO TERM LOAN AGREEMENT

    

    

                THIS
FIRST AMENDMENT TO TERM LOAN AGREEMENT (the “Amendment Agreement”) is made
this 16th day of
November, 2009, by and between by and among SUSQUEHANNA
BANK, a Pennsylvania
chartered bank (the “Bank”), as lender and by PURE EARTH TREATMENT
(NJ), INC. (formerly named
CASIE ECOLOGY OIL SALVAGE, INC.), a New Jersey corporation with a
principal office at 3209 North Mill Rd., Vineland, NJ 08360, PURE EARTH RECYCLING
(NJ), INC.  (formerly named MIDATLANTIC
RECYCLING TECHNOLOGIES, INC.), a Delaware corporation with a principal office at
3137 Chammings Court, Vineland, NJ 08360, and REZULTZ,
INCORPORATED,  a
New Jersey corporation with a principal office at 3209 North Mill Rd., Vineland,
NJ 08360, with joint and several liability (each individually a “Borrower” or
“Obligor” and, collectively, “Borrower” or “Obligors”).

    

    TERM LOAN
AGREEMENT:  The Obligors entered into a Term Loan Agreement
(the “Loan Agreement”),
dated November 12, 2008, in regard to the Term Loan (as defined therein) in the
principal amount of $8,000,000, with the Collateral (as defined therein) and the
Loan Documents (as defined therein).

    

    NAME
CHANGES:

    

    a.           On
July 31, 2009, MIDATLANTIC
RECYCLING TECHNOLOGIES, INC., a Delaware corporation, executed a
Certificate of Amendment of Certificate of Incorporation with the State of
Delaware changing its name to PURE EARTH RECYCLING
(NJ), INC. On
that same date, it also executed an Application for Amended Certificate of
Authority with the State of New Jersey to evidence its name change.

    

    b.           On
July 31, 2009, CASIE ECOLOGY OIL
SALVAGE, INC., a New
Jersey corporation, executed a Certificate of Amendment to the Certificate of
Incorporation with the State of New Jersey changing its name to PURE EARTH TREATMENT
(NJ), INC. On
that same date, it also executed Application for Amended Certificate of
Authority with the State of Kentucky to evidence its name change.

    

    INTEREST RATE AND REPAYMENT CHANGES:
In conjunction with this Amendment Agreement, the Obligors have executed
and delivered a First Amendment to Term Loan Note, dated as of even date
herewith.

     

    MODIFICATION
FEE:  On January 15, 2009, the Borrower will pay to the Bank a
non-refundable modification fee (the “Modification Fee”) in the amount of
$5,000.00.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    CONTINUING EFFECT: All of the
terms and conditions contained under the Loan Documents shall continue to be
fully effective, except to the extent that any of them are expressly modified by
this Amendment Agreement.

    

    MISCELLANEOUS
PROVISIONS.

    

    A.           The
inapplicability or unenforceability of any provision of this Amendment Agreement
shall not limit or impair the operation or validity of any other provision of
this Amendment Agreement.

    

    B.           The
captions herein are for convenience and reference only and in no way define,
limit, or describe the scope or intent of this Amendment Agreement or affect any
of the terms or provisions hereof; and

    

    C.           This
Amendment Agreement shall be governed by, and interpreted in accordance with,
the laws of the State of New Jersey.

    

    IN WITNESS WHEREOF, the
parties hereto have duly executed this Amendment Agreement the day and year
first above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              	 
      	 	
                                                      BANK:

                                                    	 
	 
      	 	 
      	 
	 
      	 	
                                                      SUSQUEHANNA
      BANK

                                                    	 
	 
      	 	 
      	 
	
                                                       

                                                    	 	By:/s/  Hugh J. Arbuthnot
      (SEAL)	 
	
                                                       

                                                    	 	Hugh
      J. Arbuthnot, Commercial Relationship Manager	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	 
      	 	
                                                      BORROWER:

                                                    	 
	 
      	 	 
      	 
	
                                                      Attest:

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

                                                    	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                                                      By:/s/ Joseph Kotrosits (SEAL)

                                                    	 	
                                                      By:
      /s/   Mark
      Alsentzer (SEAL)

                                                    	 
	
                                                      Joseph
      Kotrosits, Secretary

                                                    	 	
                                                      Mark
      Alsentzer, President

                                                    	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                                                      Attest:

                                                    	 	
                                                      PURE EARTH RECYCLING (NJ),
      INC.  (formerly named MIDATLANTIC RECYCLING TECHNOLOGIES,
      INC.), a Delaware
      corporation

                                                    	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                                                      By:
      /s/ Joseph Kotrosits
      (SEAL)

                                                    	 	
                                                      By:
      /s/   Mark
      Alsentzer (SEAL)

                                                    	 
	
                                                      Joseph
      Kotrosits, Secretary

                                                    	 	
                                                      Mark
      Alsentzer, President

                                                    	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                                                      Attest:

                                                    	 	
                                                      REZULTZ, INCORPORATED, a
      New Jersey corporation

                                                    	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                                                      By:
      /s/   Joseph Kotrosits
      (SEAL)

                                                    	 	
                                                      By:
      /s/   Mark
      Alsentzer (SEAL)

                                                    	 
	
                                                      Joseph
      Kotrosits, Secretary

                                                    	 	
                                                      Mark
      Alsentzer, PresidentUnassociated Document

    Exhibit
10.14.1

    

     

    FIRST
AMENDMENT TO GUARANTY AGREEMENT

    

                THIS
FIRST AMENDMENT TO GUARANTY AGREEMENT (the “Amendment to Guaranty”) is
made this 16th day of
November, 2009, PURE EARTH,
INC., a Delaware corporation (the “Guarantor”), in favor of SUSQUEHANNA BANK, a
Pennsylvania chartered bank (the “Bank”) to secure the obligations of PURE EARTH TREATMENT
(NJ), INC. (formerly named
CASIE ECOLOGY OIL SALVAGE, INC.), a New Jersey corporation with a
principal office at 3209 North Mill Rd., Vineland, NJ 08360, PURE EARTH RECYCLING
(NJ), INC.  (formerly named MIDATLANTIC
RECYCLING TECHNOLOGIES, INC.), a Delaware corporation with a principal office at
3137 Chammings Court, Vineland, NJ 08360, and REZULTZ,
INCORPORATED,  a
New Jersey corporation with a principal office at 3209 North Mill Rd., Vineland,
NJ 08360, with joint and several liability (each individually and collectively a
“Borrower”).

    

    GUARANTY
AGREEMENT:  The Guarantor executed and delivered to Bank a
Guaranty Agreement (the “Guaranty”), dated November 12,
2008, which unconditionally guaranteed the Obligations (as defined in the
Guaranty) of the Borrowers to the Bank.

    

    NAME
CHANGES:

    

    a.           On
July 31, 2009, MIDATLANTIC
RECYCLING TECHNOLOGIES, INC., a Delaware corporation, executed a
Certificate of Amendment of Certificate of Incorporation with the State of
Delaware changing its name to PURE EARTH RECYCLING
(NJ), INC. On
that same date, it also executed an Application for Amended Certificate of
Authority with the State of New Jersey to evidence its name change.

    

    b.           On
July 31, 2009, CASIE ECOLOGY OIL
SALVAGE, INC., a New
Jersey corporation, executed a Certificate of Amendment to the Certificate of
Incorporation with the State of New Jersey changing its name to PURE EARTH TREATMENT
(NJ), INC. On
that same date, it also executed Application for Amended Certificate of
Authority with the State of Kentucky to evidence its name change.

    

    AMENDMENT TO TERM LOAN AGREEMENT,
TERM LOAN NOTE AND OTHER LOAN DOCUMENTS: In conjunction with this
Amendment to Guaranty, the Borrowers have executed and delivered an Amendment to
Term Loan Agreement, an Amendment to Term Loan Note, and amendments to other
Loan Documents (as defined in the Term Loan Agreement), dated as of even date
herewith.

    

    CONTINUING EFFECT: All of the
terms and conditions contained under the Guaranty shall continue to be fully
effective, except to the extent that any of them are expressly modified by this
Amendment to Guaranty.

    

    MISCELLANEOUS
PROVISIONS.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    A.           The
inapplicability or unenforceability of any provision of this Amendment to
Guaranty shall not limit or impair the operation or validity of any other
provision of this Amendment to Guaranty.

    

    B.           The
captions herein are for convenience and reference only and in no way define,
limit, or describe the scope or intent of this Amendment to Guaranty or affect
any of the terms or provisions hereof; and

    

    C.           This
Amendment to Guaranty shall be governed by, and interpreted in accordance with,
the laws of the State of New Jersey.

    

    IN WITNESS WHEREOF, the
parties hereto have duly executed this Amendment to Guaranty the day and year
first above written.

    

     

    
      	 	      
              BANK:

              

              SUSQUEHANNA
      BANK

              

              By:  /s/  Hugh J.
      Arbuthnot (SEAL)

              Hugh
      J. Arbuthnot, Commercial Relationship Manager

              

              

              GUARANTOR:

              

              PURE
      EARTH, INC.

              By:
      /s/  Brent
      Kopenhaver (SEAL)

              Brent
      Kopenhaver, Executive Vice President,

              Chairman
      and Chief Financial Officer

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