Document:

Exhibit
10.5

    

    SECOND
AMENDMENT TO TERM LOAN AGREEMENT

    

    THIS SECOND AMENDMENT TO TERM LOAN
AGREEMENT (the “Amendment Agreement”) is made
as of March 15, 2010, by and
among SUSQUEHANNA
BANK, a Pennsylvania
chartered bank (the “Bank”), as lender and by 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 “Borrowers” 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), and a First Amendment to Term Loan
Agreement (the First Amendment to Term Loan Agreement”), dated as of November
16, 2009.

    

    MERGER:  As of
December 31, 2009, PURE EARTH TREATMENT
(NJ), INC.  executed and filed a
Certificate of Merger with the State of Delaware, merging into PURE EARTH RECYCLING
(NJ), INC., retaining the
name
PURE EARTH RECYCLING (NJ), INC. As of that same date, it
also executed and filed a Certificate of Merger with the State of New Jersey to
evidence the merger.  As of that same date, it also executed and filed
a filing with the State of Kentucky to evidence the merger.

    

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

    

    MODIFICATION
FEE:  Upon signing this document, 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.

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

    

    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 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,
President

                

        

      

    

    
      
         

      

      
        - 2
-Exhibit
10.6

    

    SECOND
AMENDMENT TO GUARANTY AGREEMENT

    

    THIS SECOND AMENDMENT TO GUARANTY
AGREEMENT (the “Amendment to Guaranty”) is
made as of March 15, 2010, 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 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, and a First Amendment to Guaranty Agreement (the First Amendment”), dated
as of November 16, 2009, both of which unconditionally guaranteed the
Obligations (as defined in the Guaranty) of the Borrower to the
Bank.

    

    MERGER:  As of
December 31, 2009, PURE EARTH TREATMENT
(NJ), INC.  executed and filed a
Certificate of Merger with the State of Delaware, merging into PURE EARTH RECYCLING
(NJ), INC., retaining the
name
PURE EARTH RECYCLING (NJ), INC. As of that same date, it
also executed and filed a Certificate of Merger with the State of New Jersey to
evidence the merger.  As of that same date, it also executed and filed
a filing with the State of Kentucky to evidence the merger.

    

    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 a Second
Amendment to Term Loan Agreement, a Second 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.

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

    

    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

                      

              

            

          

        

      

    

    
      
         

      

      
        - 2
-Exhibit
10.7

    

    SECOND
AMENDMENT TO TERM LOAN NOTE

    

    THIS SECOND AMENDMENT TO TERM LOAN
NOTE (the “Amendment to
Note”) is made as of March 15, 2010, by and among SUSQUEHANNA
BANK, a Pennsylvania
chartered bank (the “Bank”), as lender and by PURE EARTH RECYCLING
(NJ), 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, “Borrowers” or “Obligors”).

    

    TERM LOAN NOTE AND
AMENDMENT:  The Obligors executed and delivered to Bank a Term
Loan Note (the “Note”),
dated November 12, 2008, and a First Amendment to Term Loan Note (the First
Amendment”), dated as of November 16, 2009, in regard to the Term Loan (as
defined therein) in the principal amount of $8,000,000.

    

    MERGER:  As of
December 31, 2009, PURE EARTH TREATMENT
(NJ), INC.  executed and filed a
Certificate of Merger with the State of Delaware, merging into PURE EARTH RECYCLING
(NJ), INC., retaining the
name
PURE EARTH RECYCLING (NJ), INC. As of that same date, it
also executed and filed a Certificate of Merger with the State of New Jersey to
evidence the merger.  As of that same date, it also executed and filed
a filing with the State of Kentucky to evidence the merger.

    

    INTEREST RATE AND REPAYMENT CHANGES:

    

    a.           Principal and Interest
Repayment Terms.  Commencing
on March 15, 2010, and
continuing monthly up to and including May 15, 2010, Borrower shall
make monthly installments of accrued interest only (without principal) at the
rate provided in the Note.  Lender agrees to provide Borrower with a
revised schedule of payments upon Borrower’s request but any failure by Lender
to do so shall not relieve Borrower of its obligations to make such payment due
hereunder or create any liability of Lender to Borrower.

     

    b.           Term Loan Maturity
Date.  Regardless
of the terms contained in this Amendment to Note, the Loan shall mature on November 15, 2015, subject to
adjustment in accordance with the Following Business Day Convention (the
"Maturity Date"), whereupon all Obligations under the Term Loan shall be
immediately due and payable in full.

     

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

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

    MISCELLANEOUS
PROVISIONS.

    

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

    

    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 Note or affect any
of the terms or provisions hereof; and

    

    C.           This
Amendment to Note 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 Note 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 RECYCLING (NJ),
      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, President

              

      

    

    
      
         

      

      
        - 2
-

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