Document:

exv10w1

Exhibit 10.1

PROMISSORY NOTE

	BORROWER:  	 	PAA Natural Gas Storage, L.P.

333 Clay St., Suite 1500

Houston, Texas 77002
	 
	LENDER: 	 	 Plains All American Pipeline, L.P.

333 Clay St., Suite 1600

Houston, Texas 77002

			
	 	 	 
	PRINCIPAL AMOUNT: $200,000,000
	 	DATE OF NOTE: February 9, 2011            

	1.	 	DEFINITIONS. As used in this Note,
and unless the context
requires a different
meaning, the following
terms have the meanings
indicated:
	 
	 	 	“Borrowed Amount” is used herein as defined in Section 2 below.
	 
	 	 	“Borrower” shall mean PAA Natural Gas Storage, L.P., a Delaware limited partnership, and its
successors and assigns.
	 
	 	 	“Business Days” shall mean any day, other than a Saturday, Sunday or day which shall be in
New York, New York a legal holiday or day on which banking institutions are required or
authorized to close.
	 
	 	 	“Closing Date” shall mean the date when all Section 7 conditions have been satisfied to
Lender and Lender makes the loan of the Borrowed Amount.
	 
	 	 	“Credit Agreement” shall mean the Credit Agreement dated April 7, 2010 between Borrower,
Bank of America, N.A. and the other Lender’s parties thereto, as amended, restated, replaced
or otherwise modified.
	 
	 	 	“Event of Default” shall mean individually, collectively and interchangeably any of the
Events of Default set forth below in Section 8.
	 
	 	 	“Law” shall mean any statute, law, regulation, ordinance, rule, treaty, judgment,
order, decree, permit, concession, franchise, license, agreement or other governmental
restriction of the United States or any state or political subdivision thereof.
	 
	 	 	“Lender” shall mean Plains All American Pipeline, L.P., a Delaware limited partnership, and
its successors and assigns.
	 
	 	 	“Material Adverse Change” shall mean, with respect to Borrower, an event which causes a
material adverse effect on the business, assets, operation or condition (financial or

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	 	 	otherwise) of such Borrower, or which otherwise changes in a materially adverse way any
other facts, circumstances, or conditions which Lender has relied upon or utilized in
entering into or performing this Note.
	 
	 	 	“Note” shall mean this Promissory Note, as the same may from time to time be amended,
modified, supplemented, replaced (in whole or part) and/or restated and in effect.
	 
	 	 	“Scheduled Maturity Date” shall mean February 9, 2014.
	 
	2.	 	PROMISE TO PAY. Borrower, for value received, absolutely, irrevocably and
unconditionally promises to pay to the order of Lender, in lawful money of the United States
of America and in immediately available funds, the principal sum of TWO HUNDRED MILLION AND
00/100 DOLLARS (U.S. $200,000,000.00) (the “Borrowed Amount”), together with simple interest
assessed at the fixed rate per annum equal to five and a quarter percent (5.25%), calculated
on the basis of a 360 day calendar year (twelve 30 day months), on the principal balance of
this Note as outstanding from time to time, commencing on the date of this Note and continuing
until this Note is paid in full.
	 
	3.	 	PAYMENT AND INTEREST. From the date of this Note first written above until the
Scheduled Maturity Date, this Note shall accrue interest only on the outstanding Borrowed
Amount. Interest shall be payable semiannually on the last Business Day of June and December,
with the first such payment date being June 30, 2011, and the final interest payment date
being the Scheduled Maturity Date. Any of the Borrowed Amount outstanding on the Scheduled
Maturity Date shall be paid on such date. Borrower will pay Lender at its address stated
above, or at such other place as Lender may designate in writing, in lawful money of the
United States of America that at the time of payment is legal tender for payment of public and
private debts and in immediately available funds. Notwithstanding anything to the contrary
contained herein, if the rate of interest, late payment fee or any other charges or fees due
or paid hereunder are determined by a court of competent jurisdiction to be usurious, then
said interest rate, fees and/or charges shall be reduced to the maximum amount permissible
under applicable law. Any payment made under this Note shall be applied in the following
order: first, to any fees or expenses payable under this Note; second, to any accrued and
unpaid interest; and third, to any principal outstanding under this Note.
	 
	4.	 	SECURITY AND PRIORITY. This Note is unsecured. Credit support for this obligation
will remain pari passu with the Credit Agreement.
	 
	5.	 	VOLUNTARY AND MANDATORY PREPAYMENT. Borrower may prepay this Note in part or in full
at any time by paying the then outstanding Borrowed Amount of this Note, plus any accrued
interest.
	 
	6.	 	REPRESENTATIONS AND WARRANTIES. In order to induce Lender to enter into this Note,
Borrower represents and warrants to Lender as follows:

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	 	(a)	 	Borrower is a limited partnership duly created, validly existing, and in good
standing under the laws of the State of Delaware. Borrower has the power and authority
to enter into this Note and Borrower has the power to perform its obligations
hereunder;
	 
	 	(b)	 	Borrower is not party to any agreement or instrument, nor subject to any
charter or other restriction, compliance with the terms of which materially and
adversely affect the business, properties, assets , or operations of Borrower or its
condition (financial or otherwise), and Borrower is not in default in the performance,
observance or fulfillment of any of the obligations, covenants or conditions contained
in any agreement or instrument to which they are a party, which default could
reasonably be expected to constitute a Material Adverse Change;
	 
	 	(c)	 	The execution and delivery by Borrower of this Note, the performance by it of
its obligations, and the consummation of the transactions contemplated thereby, do not
and will not violate (i) any provision of Law; (ii) Borrower’s organizational
documents; (iii) the terms and conditions of the Credit Agreement; or (iv) any other
material contract;
	 
	 	(d)	 	No authorization, consent, approval or formal exemption of, nor any filing or
registration with, any governmental body or regulatory authority (federal, state or
local), and no further vote, consent or approval of Borrower is or will be required in
connection with the execution and delivery by Borrower of this Note or the performance
by Borrower of its obligations hereunder; and
	 
	 	(e)	 	Borrower understands and agrees that Lender is relying upon the above
representations and warranties in entering into this Note, and the foregoing
representations and warranties shall be continuing in nature and shall remain in full
force and effect until such time as the Borrowed Amount shall be paid in full, or until
this Note shall be terminated, whichever is the last to occur.

	7.	 	CONDITIONS PRECEDENT TO CLOSING. The obligation of Lender to loan the Borrowed
Amount on the Closing Date shall be subject to the satisfaction and the continued satisfaction
to Lender of the following conditions precedent:

	 	(a)	 	Borrower shall have executed and delivered to Lender this Note and all other
documents required by this Note, all in form and substance and in such number of
counterparts as may be reasonably required by Lender;
	 
	 	(b)	 	The representations, warranties, and covenants of Borrower as set forth in this
Note, shall be and remain true and correct;
	 
	 	(c)	 	No Event of Default shall exist or shall result from the making of the Loan;
and
	 
	 	(d)	 	A Material Adverse Change shall not have occurred.

	8.	 	DEFAULT. Each of the following shall constitute an “Event of Default” under this
Note:

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	 	(a)	 	Borrower shall fail to pay interest due under this Note within five (5)
Business Days after the same becomes due;
	 
	 	(b)	 	Borrower shall fail to pay principal due under this Note;
	 
	 	(c)	 	Borrower fails to duly observe, perform or comply with its obligations under
any covenant, agreement, condition or provision of the Credit Agreement, and such
failure results in an Event of Default as defined under such Credit Agreement;
	 
	 	(d)	 	Borrower shall commence a voluntary proceeding seeking liquidation,
reorganization or other relief with respect to itself or its debts under any
bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator, custodian or other similar official of
it or a substantial part of its property or shall consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case or
other proceeding commenced against it or shall make a general assignment for the
benefit of creditors or shall generally fail to pay its debts as they become due or
shall take any corporate action to authorize any of the foregoing; or
	 
	 	(e)	 	An involuntary proceeding shall be commenced against Borrower seeking
liquidation, reorganization or other relief with respect to it or its debts under any
bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the
appointment of trustee, receiver, liquidator, custodian or other similar official for
it or a substantial part of its property, and such involuntary proceeding shall remain
undismissed and unstayed for a period of sixty (60) days.

	9.	 	LENDER’S RIGHTS AND REMEDIES UPON AN EVENT OF DEFAULT. Should any one or more Events
of Default occur or exist under this Note as provided above, in addition to other rights and
remedies provided for herein or otherwise available at law or equity, Lender shall have the
right, at its sole option, to accelerate the payments due under, and/or maturity of, this Note
and insist upon immediate payment in full of the unpaid principal balance then outstanding
under this Note, plus accrued interest and reasonable attorneys’ fees, costs, expenses and
other fees and charges as provided herein.
	 
	10.	 	DEFAULT INTEREST. If an Event of Default occurs and is continuing, any amount
outstanding under this Note during such period shall bear interest at a per annum default
interest rate equal to the interest rate set forth Section 2 plus three percent (3%).
	 
	11.	 	WAIVER OF JURY TRIAL. BORROWER AND LENDER HEREBY WAIVE THE RIGHT TO TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER BORROWER OR LENDER AGAINST THE OTHER
PARTY.
	 
	12.	 	GOVERNING LAW. This Note will be governed by, construed and enforced in accordance
with the laws of the State of Texas without regard to any laws that might result in the
application of the laws of any other jurisdiction.

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	13.	 	FEES. If Lender refers this Note to an attorney for collection or enforcement, or
files suit against Borrower to collect or enforce this Note, or if Borrower files for
bankruptcy or other relief from creditors, Borrower agrees to pay all of Lender’s reasonable
attorneys’ fees, court costs and administrative costs associated therewith.
	 
	14.	 	INDEMNITY. Borrower agrees to indemnify Lender against and to hold Lender harmless
from any and all losses, liabilities, expenses, claims, or damages of whatever kind or nature,
including Lender’s reasonable attorneys’ fees and costs (to be reimbursed as and when
incurred) based upon or resulting from this Note or Lender’s loan to Borrower or the exercise
of its remedies under this Note, even if such losses, liabilities, expenses, claims, or
damages resulted, in whole or in part, from Lender’s negligence.
	 
	15.	 	AMENDMENT, SUPPLEMENT, WAIVER. This Note may only be amended or supplemented with
the consent of Borrower and Lender.
	 
	16.	 	SUCCESSORS AND ASSIGNS LIABLE. Borrower’s obligations and agreements under this Note
shall be binding upon Borrower’s successors and assigns. The rights and remedies granted to
Lender under this Note shall inure to the benefit of Lender’s successors and assigns, as well
as to any subsequent holder or holders of this Note.
	 
	17.	 	CAPTION HEADINGS. Caption headings of the sections of this Note are for convenience
purposes only and are not to be used to interpret or to define their provisions. In this Note,
whenever the context so requires, the singular includes the plural and the plural also
includes the singular.
	 
	18.	 	SEVERABILITY. If any term or provision of this Note (including interest charged
hereunder), or the application thereof to any person or circumstance, shall at any time or to
any extent be invalid, illegal or unenforceable in any respect as written, the parties intend
for any court or arbitrator construing this Note to reform, modify or limit such provision so
as to render it valid and enforceable to the fullest extent allowed by law. Any such
provision that is not susceptible of such reformation shall be ignored so as to not affect any
other term or provision hereof, and the remainder of this Note, or the application of such
term or provision to persons or circumstances other than those as to which it is held invalid,
illegal or unenforceable, shall not be affected thereby and each term and provision of this
Note shall be valid and enforced to the fullest extent permitted by law.

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PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL OF THE PROVISIONS OF THIS NOTE.

	 	 	 	 	 
	 	BORROWER:

PAA NATURAL GAS STORAGE, L.P.

 	 
	 	By:  	PNGS GP LLC,
 	 
	 	 	its General Partner 	 
	 	 	 
	 	By:  	/s/
Al Swanson
 	 
	 	 	Name:  	Al Swanson 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	LENDER:

PLAINS ALL AMERICAN PIPELINE, L.P.

 	 
	 	By:  	PAA GP LLC,
 	 
	 	 	its General Partner 	 
	 	 	 
	 	By:  	            PLAINS AAP, L.P.
 	 
	 	 	its Sole Member 	 
	 	 	 
	 	By:  	            PLAINS ALL AMERICAN GP LLC
 	 
	 	 	its General Partner 	 
	 	 	 
	 	By:  	/s/
Charles Kingswell-Smith
 	 
	 	 	Name:  	Charles Kingswell-Smith 	 
	 	 	Title:  	Vice President and Treasurer 	 

6exv10w2

Exhibit 10.2

EMPLOYMENT AGREEMENT

AGREEMENT, dated as of May 13, 2009 by and between ABTECH INDUSTRIES, Inc., a Delaware Corporation
having an office at 4110 N. Scottsdale Road, Suite 235, Scottsdale, AZ, 85251 (the “Company”), and
Glenn R. Rink, residing at 6028 N. Quail Run, Paradise Valley, AZ 85253 (“Executive”).

WITNESSETH:

WHEREAS, the Company desires to employ Executive as President and Chief Executive Officer, and
Executive desires to be so employed by the Company;

NOW, THEREFORE, in consideration of the covenants and agreements hereinafter set forth, the parties
hereto agree as follows:

	1.	 	Employment Term. The Company hereby employs Executive, and Executive hereby accepts
employment with the Company, as President and Chief Executive Officer, upon the terms and
conditions contained in this Agreement. The term of Executive’s employment hereunder (the
“Employment Period”) shall commence on the date hereof (the “Effective Date”) and shall
continue until terminated by either party as hereinafter provided.

	2.	 	Duties. During the Employment Period, Executive shall serve as President and Chief
Executive Officer, and report to the Board of Directors of the Company. Executive shall
diligently, competently and faithfully perform for the Company the duties of said office as
outlined in the Company’s By-Laws, and such other duties typical of Executive’s position as
shall be specified, designated or modified, from time to time, by the Board of Directors of
the Company. Executive shall devote all of his business time and effort to the performance of
his duties to the Company hereunder.

	3.	 	Compensation.

	 	(a)	 	Base Salary: During the Employment Period the Company shall pay to Executive a salary
at the minimum annual rate of $150,000.
	 
	 	(b)	 	Performance Incentives:

	 	(i)	 	Upon the Company achieving an annual revenue pace of $5,000,000 in a
two-quarter period (i.e., over $2,500,000 in revenue is recognized in a period of
two-consecutive quarters), Executive’s minimum annual salary shall thereafter be
increased to $200,000.
	 
	 	(ii)	 	Upon the Company achieving an annual revenue pace of $10,000,000 in a
two-quarter period (i.e., over $5,000,000 in revenue is recognized in a period of two
consecutive quarters), Executive’s minimum annual salary shall thereafter be increased
to $250,000.
	 
	 	(iii)	 	Any cash bonuses awarded to Executive during the term of this agreement will
be at the discretion of the Board of Directors.

	4.	 	Expenses and Benefits.

	 	(a)	 	During the Employment Period, the Company agrees to promptly reimburse Executive for
all reasonable expenses paid or incurred by Executive in connection with the performance of
his

 

 

	 	 	 	duties for the Company hereunder, including without limitation expenses for travel,
entertainment and similar items; provided, however, that the Executive provides
documentation reasonably satisfactory to the Company and its accountant for all expenses.

	 	(b)	 	During the Employment Period, Executive shall be entitled to participate in any
retirement, pension, profit-sharing, or other similar plan or plans which may be instituted
by the Company for the benefit of its staff employees generally, upon such terms and
subject to the eligibility requirements stipulated in such plans, which may be amended from
time to time.
	 
	 	(c)	 	During the Employment Period, Executive shall be entitled to participate in any bonus,
stock option, supplemental compensation, or other similar plans which may be instituted by
the Board or any compensation committee of the Board of Directors of the Company, upon such
terms and subject to the eligibility requirements stipulated in such plans, which may be
amended from time to time.
	 
	 	(d)	 	During the Employment Period, Executive shall be entitled to four (4) weeks paid
vacation per year in accordance with such Company policies as may be in effect from time to
time.
	 
	 	(e)	 	During the Employment Period, Executive and Executive’s dependents shall be entitled to
participate in and be covered by the Company’s group health insurance plan as may be in
effect from time to time.

	5.	 	Termination. Executive’s employment hereunder may be terminated as follows:

	 	(a)	 	Automatically upon the death of Executive.
	 
	 	(b)	 	In the event of the Permanent Disability (as defined below) of Executive, at the option
of the Company by written notice to Executive or his personal representative. In the event
of such written notice, Executive’s employment with the Company shall terminate effective
on the 30th day after receipt of such notice to Executive. As used herein, the
term “Permanent Disability” shall mean a physical or mental incapacity or disability which
renders (or is reasonably expected to render) Executive unable to substantially render the
services required hereunder for an aggregate of ninety (90) days in any 365-day period, as
certified by either Executive’s attending physician or a licensed physician retained by the
Company for the purposes of making such determination. In the event of any disagreement
between Executive’s attending physician and such physician retained by the Company, the
matter shall be resolved by a third licensed physician selected jointly by Executive’s
physician and the Company’s physician.
	 
	 	(c)	 	At the option of the Company, by written notice to Executive upon the occurrence of any
one or more of the following events:

	 	(i)	 	any action by Executive constituting fraud, embezzlement or dishonesty in the
course of his employment hereunder:
	 
	 	(ii)	 	any conviction of Executive of a felony;
	 
	 	(iii)	 	insubordination by Executive in the performance of his duties hereunder; or
	 
	 	(iv)	 	a breach by Executive of any of his material obligations under this
Agreement, if such breach is not cured within 30 days after written notice thereof by
the Board to Executive.

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	 	(v)	 	in the event Company determines it is in Company’s best interest to terminate
the employment of Executive, in which case Executive’s employment shall terminate 15
days after written notice thereof by the Board to Executive.

	 	(d)	 	At the option of Executive, by written notice to the Company, for Good Reason. For the
purposes of this Agreement, “Good Reason” shall mean:

	 	(i)	 	the assignment to Executive of any duties materially inconsistent with
Executive’s position (including offices, titles and reporting requirement), authority,
duties or responsibilities as contemplated by Section 2 of this Agreement, unless such
assignment or action by the Company is cured by the Company within 30 days after
receipt of written notice thereof by Executive to the Company;
	 
	 	(ii)	 	any failure by the Company to comply with any of the provisions of Section 3
or 4 of this Agreement, if such failure is not cured within 15 days after written
notice thereof by Executive to the Company.

	 	(e)	 	At the option of Executive, in the event Executive determines it is in Executive’s best
interest to terminate employment with the Company, in which case Executive’s employment
shall terminate 15 days after written notice thereof by the Executive to the Board.

	6.	 	Effect of Termination.

	 	(a)	 	Upon the termination of Executive’s employment under Section 5(a), (b), (c)(v),
(d) and (e) herein, Executive or Executive’s estate or beneficiary, as the case may be,
shall be entitled to receive any amounts accrued or fully vested pursuant to Sections 3 or
4 (through the effective date of such termination) to the extent not theretofore paid.
	 
	 	(b)	 	Upon the termination of Executives employment under Section 5(c)(i-iv), effective
immediately upon such termination, Executive shall be entitled to no further compensation
of any sort, including but not limited to any accrued but unpaid benefits.
	 
	 	(c)	 	If the Company terminates the Executive’s employment pursuant to the provisions of
Section 5(a), 5(b) or 5(c)(i-iv) herein (i.e, for “good cause”) or if Executive terminates
employment pursuant to the provisions of Section 5(e), then Company shall not be obligated
to pay any severance benefit to Executive under this Agreement.
	 
	 	(d)	 	If the Company terminates the Executive’s employment pursuant to Section 5(c)(v)
herein (i.e., “without good cause”), or if Executive terminates his employment for “Good
Reason” pursuant to Section 5(d) herein, then:

	 	(i)	 	Company shall pay to the Executive a severance benefit equal to Executive’s
salary at the then current annual salary rate for a period equal to the product of (A)
the number of years of service of Executive with the Company (specifically including
those years of service rendered prior to the Effective Date) times (B) two (2) months.
For the purpose of determining the severance compensation pursuant to the above
provision, Executive’s hire date shall be June 1, 1996 and a year of service shall be
each twelve (12) month period of time (including the partial year underway at the time
of termination) in which Executive rendered 1000 hours or more of service. The Company
may elect to pay the severance benefit described herein either as one lump sum within
30 days of the notice of termination,

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	 	 	 	or in a series of bi-weekly installments beginning on the regularly scheduled payday of
the Company which follows the effective date of such termination with the amount of each
such installment being equal to the Executive’s then current bi-weekly salary amount.

	 	(ii)	 	Company shall pay to the Executive an additional severance benefit equal to
the cost of extending the Executive’s health insurance coverage under the provisions of
COBRA for a period of eighteen (18) months, with such severance amount being paid in a
lump sum payment grossed up to cover the taxes that Executive is required to pay on
such benefit.
	 
	 	(iii)	 	All stock options theretofore granted to the Executive to purchase any
equity shares of Company shall become immediately and fully vested and exercisable in
accordance with the terms of the Company’s stock option plans and grant awards.

	 	(e)	 	Upon termination of Executive’s employment for whatever reason:

	 	(i)	 	the Company shall be entitled to deduct from Executive’s final pay any amounts
owed to the Company by Executive at the time of such termination, and
	 
	 	(ii)	 	the Company shall be required to pay to Executive any outstanding amounts due
to Executive by the Company at the time of termination, including travel expenses,
loans and Company charges on personal credit cards. In addition, the Company shall be
responsible for all Company charges made on any Company Credit Card, or other Company
credit account, that is personally guaranteed by Executive.

	7.	 	Confidential Information. Executive agrees to, and hereby ratifies and confirms, the
terms of the Confidentiality/Non-Compete Agreement dated January 1, 1998.

	8.	 	Notices. Any and all notices or other communications required or permitted to be
given under any of the provisions of this Agreement shall be in writing and shall be deemed to
have been duly given when personally delivered or mailed by first class registered mail,
return receipt requested, or by commercial courier or delivery service, or by facsimile,
addressed to the parties at the addresses set forth below (or at such other address as any
party may specify by notice to all other parties given as aforesaid):

	 	(a)	 	if to the Company, to:

AbTech Industries, Inc.

4110 N. Scottsdale Road

Suite 235

Scottsdale, AZ 85251

Attn: Chief Financial Officer
	 
	 	(b)	 	if to Executive, to:

Mr. Glenn R. Rink

6028 N Quail Run

Paradise Valley, AZ 85253

	 	 	and/or to such other persons and addresses as any party shall have specified in writing to the
other by notice as aforesaid.

	9.	 	Non-Exclusivity of Rights. Nothing in this Agreement shall prevent or limit
Executive’s continuing or future participation in any plan, program, policy or practice
provided by the Company and for which Executive may qualify, nor shall anything herein limit
or otherwise affect such rights as Executive may have under any contract or agreement with the
Company. Amounts which are vested

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	 	 	benefits or which Executive is otherwise entitled to receive under any plan, policy, practice or
program of or any contract or agreement with the Company at or subsequent to the date of
termination shall be payable in accordance with such plan, policy, practice or program or
contract or agreement except as explicitly modified by this Agreement.

	10.	 	Full Settlement. The Company’s obligation to make the payments provided for
in this Agreement and otherwise to perform its obligations hereunder shall not be affected by
any set-off, counterclaim, recoupment, defense or other claim, right or action which the
Company may have against Executive or others.

	11.	 	Miscellaneous.

	 	(a)	 	This writing constitutes the entire agreement of the parties with respect to the
subject matter hereof and may not be modified, amended or terminated except by a written
agreement signed by all of the parties hereto.
	 
	 	(b)	 	This Agreement shall not be assignable by Executive, but it shall be binding upon,
and shall inure to the benefit of his heirs, executors, administrators and legal
representatives. The Agreement shall be binding upon and inure to the benefit of the
Company and its successors and assigns.
	 
	 	(c)	 	No waiver of any breach or default hereunder shall be considered valid unless in
writing, and no such waiver shall be deemed a waiver of any subsequent breach or default of
the same or similar nature.
	 
	 	(d)	 	If any provision of this Agreement shall be held invalid or unenforceable, such
invalidity or unenforceability shall attach only to such provision and shall not in any
manner affect or render invalid or unenforceable any other severable provision of this
Agreement, and this Agreement shall be carried out as if any such invalid or unenforceable
provision were not contained herein, unless the invalidity or unenforceability of such
provision substantially impairs the benefits of the remaining portions of this Agreement.
	 
	 	(e)	 	The section headings contained herein are for the purpose of convenience only and
are not intended to define or limit the contents of said sections.
	 
	 	(f)	 	This Agreement may be executed in two or more counterparts, all of which taken
together shall be deemed one original.
	 
	 	(g)	 	This Agreement shall be deemed to be a contract under the laws of the State of
Arizona and for all purposes shall be construed and enforced in accordance with the
internal laws of said state without regard to the principles of conflicts of law.
	 
	 	(h)	 	This Agreement shall not confer any rights or remedies upon any person or entity
other than the parties hereto and their respective successors and permitted assigns.
	 
	 	(i)	 	Each party hereby irrevocably consents to the sole and exclusive jurisdiction and
venue of the courts of the State of Arizona and of any Federal court located in the State
of Arizona in connection with any action or proceeding arising out of or relating to this
Agreement, or the breach thereof. Each party hereby irrevocably waives any objection,
including without limitation

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	 	 	 	any objection to the laying of venue or based on the grounds of forum non conveniens, which
such party may now or hereafter have to the bringing of any action or proceeding in such
jurisdiction in respect of this Agreement.

ACCEPTED AND AGREED TO AS OF THIS 13th DAY OF MAY, 2009.

	 	 	 	 	 
	 	 	 
	 	BY:  	   /s/ Glenn R. Rink
 	 
	 	 	Executive - Glenn R. Rink 	 

	 	 	 	 	 
	 	BY: AbTech Industries, Inc.

 	 
	 	/s/ Jonathan Thatcher
 	 
	 	Jonathan Thatcher, 
Director and Chairman, 	 
	 	Compensation Committee 	 
	 	 	 
	 	  /s/ Lane J. Castleton
 	 
	 	Lane J. Castleton, 

Vice President, Treasurer 	 

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