Document:

Second Amendment Agreement

 EXHIBIT 10.18.1 
 THIS SECOND AMENDMENT AGREEMENT (1997 L/C) (this “Agreement”) is dated as of May 1, 2007, by and between West Valley MRF, LLC, a
California limited liability company (the “Borrower”) and Union Bank of California, N.A. (the “Bank”) and is being entered into in connection with the following: 
 A. The Bank and the Borrower are party to a Reimbursement Agreement dated as of June 1, 1997 as amended by that certain Extension and Amendment
Agreement dated as of May 5, 2005 (as so amended, the “Reimbursement Agreement”), pursuant to which the Bank has issued its Irrevocable Letter of Credit No. 306S230625, dated June 25, 1997 (as heretofore amended, the
“Letter of Credit”) in favor of BNY Western Trust Company, as Trustee. Capitalized terms used herein without definition shall have the respective meanings ascribed thereto in the Reimbursement Agreement. 
 B. Under Section 1(g) of the Reimbursement Agreement, the Borrower is required to make monthly deposits into the Deposit Account so that the
aggregate annual amount of such deposits is equal to the respective amounts shown on the bond amortization/reimbursement deposit schedule attached as Exhibit B to the Reimbursement Agreement. The Borrower has requested that the bond
amortization/reimbursement deposit schedule be amended to reduce both the monthly deposit requirement and the amount required for the annual partial redemption of Bonds. The Bank has approved this request subject to the terms and conditions
hereinafter set forth. 
 NOW, THEREFORE, the Bank and the Borrower do hereby agree as follows: 
 1. Effective as of the Effective Date (as defined below), the Bank and the Borrower agree that the bond amortization/reimbursement deposit schedule
attached as Exhibit B to the Reimbursement Agreement is hereby deleted and is replaced by a new Exhibit B in the form attached hereto. This Agreement and such written consent may be executed in counterparts and the Bank may accept execution of
counterparts via facsimile transmission. 
 2. The Borrower hereby represents and warrants to the Bank as follows: 
 (a) No Default or Event of Default under the Reimbursement Agreement, the Deed of Trust or any Related Document has occurred and is
continuing; 
 (b) The execution, delivery and performance by the Borrower of this Agreement have been duly authorized by all
necessary company action and do not and will not require any registration with, consent or approval of, notice to or action by, any person (including any governmental agency) in order to be effective and enforceable. The Deed of Trust constitutes
the legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, without defense, counterclaim or offset; and 
 (c) All representations and warranties of the Borrower under the Reimbursement Agreement and the Deed of Trust are true and correct fully as if made on the date hereof. 
 3. When both of the following conditions precedent have been satisfied or waived by the Bank, this Agreement will be deemed effective as of May 1,
2007 (“Effective Date”): 

 (a) The Bank has received from the Borrower a counterpart of this Agreement duly executed
by the Borrower together with a fully executed copy of a Guarantors’ Acknowledgment and Consent in form and substance satisfactory to the Bank; and 
 (b) All representations and warranties of the Borrower contained herein and in the Reimbursement Agreement are true and correct as of the Effective Date and no Event of Default, and no event which with notice or lapse
of time or both would become an Event of Default, shall have occurred and be continuing under the Reimbursement Agreement. 
 4. This Second
Amendment Agreement may be executed in multiple counterparts which taken together shall constitute one and the same document. As modified hereby, the Reimbursement Agreement is hereby ratified, approved and confirmed and remains in full force and
effect. 
 IN WITNESS WHEREOF, the Bank and the Borrower have executed this Second Amendment Agreement effective as of the date first set
forth above. 
  

					
	 WEST VALLEY MRF, LLC,
 a California limited
liability company

		
	By:	 	Kaiser Recycling, LLC,
		 	a Delaware limited liability company, member
			
		 	By:	 	/s/ James F. Verhey
		 		 	Name: James F. Verhey
		 		 	Title: Vice President
		
	By:	 	 West Valley Recycling & Transfer, Inc.,
 a California corporation, member

			
		 	By:	 	/s/ Cole Burr
		 		 	Name: Cole Burr
		 		 	Title: President

  

			
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	/s/ Myra Juetten
		 	Name: Myra Juetten
		 	Title: Vice President

  

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 EXHIBIT B 
 REIMBURSEMENT DEPOSIT SCHEDULE 
  

			
	 Twelve Months Ending in June
	  	 Annual DSR Deposit Amount

	 2007
	  	630,000
	 2008
	  	630,000
	 2009
	  	630,000

  

 -3-Guarantors' Acknowledgement and Consent

 EXHIBIT 10.19.1 
 GUARANTORS’ ACKNOWLEDGMENT 
 AND CONSENT (1997 L/C) 
 Reference is made to the following: 
 A.
Reimbursement Agreement dated as of June 1, 1997, as amended by that certain Extension and Amendment Agreement dated as of May 5, 2005 (as so amended, the “Original Reimbursement Agreement”) between West Valley MRF, LLC, a
California limited liability company (the “Borrower”) and Union Bank of California, N.A., a national banking association (the “Bank”) pursuant to which the Bank has issued its Irrevocable Letter of Credit No. 306S230625,
dated June 25, 1997 (as heretofore amended, the “Letter of Credit”) in favor of BNY Western Trust Company, as Trustee; and 
 B. Second Amendment Agreement (1997 L/C) dated as of May 1, 2007 (the “Amendment Agreement”) by and between the Bank and the Borrower, pursuant to which the Bank and the Borrower have agreed to modify the bond amortization
reimbursement deposit schedule under the Original Reimbursement Agreement. The Original Reimbursement Agreement as amended by the Amendment Agreement is hereinafter referred to as the “Reimbursement Agreement” and capitalized terms used
herein without definition shall have the respective meanings ascribed thereto in the Reimbursement Agreement. 
 Each of the undersigned
(individually a “Guarantor” and collectively the “Guarantors”) has guaranteed the payment and performance of certain of the Borrower’s obligations under the Original Reimbursement Agreement and Related Documents pursuant to
written guaranties heretofore delivered to the Bank (collectively, the “Guaranties”) and expects to derive benefit from the transactions contemplated by the Amendment Agreement. For valuable consideration receipt whereof is hereby
acknowledged, each of the undersigned hereby agrees as follows: 
 1. The Borrower and the Guarantors have requested the Bank to enter into
the Amendment Agreement. 
 2. Each Guarantor hereby acknowledges receipt of a copy of the Amendment Agreement and consents to the execution,
delivery and performance of the Amendment Agreement by the Borrower and the Bank. 
 3. Each Guarantor hereby ratifies, approves and confirms
the Guaranties which it has delivered to the Bank and agrees that it continues to be bound by the terms thereof with respect to the Reimbursement Agreement and agrees that such Guaranties shall inure to the 
 [balance of page intentionally left blank] 

 
benefit of the Bank with respect to the Borrower’s obligations to the Bank under the Reimbursement Agreement and the Related Documents. This
Acknowledgment and Consent may be executed in multiple counterparts which taken together shall constitute one and the same document. 
 IN
WITNESS WHEREOF the undersigned have executed this Acknowledgment and Consent as of the Effective Date (as such term is defined in the Amendment Agreement). 
  

			
	“GUARANTORS”
	
	Kaiser Recycling LLC,
	a Delaware limited liability company
		
	By:	 	/s/ James F. Verhey
		 	Name: James F. Verhey
		 	Title: Vice President
	
	West Valley Recycling & Transfer, Inc.,
	 a California corporation

		
	By:	 	/s/ Cole Burr
		 	Name: Cole Burr
		 	Title: President
	
	Burrtec Waste Industries, Inc.,
	a California corporation
		
	By:	 	/s/ Cole Burr
		 	Name: Cole Burr
		 	Title: President
	
	Kaiser Ventures, LLC, a
	a Delaware limited liability company
		
	By:	 	/s/ James F. Verhey
		 	Name: James F. Verhey
		 	Title: Exec. V.P. - CFOThird Amendment Agreement

 EXHIBIT 10.24.1 
 THIS THIRD AMENDMENT AGREEMENT (2000 L/C) (this “Agreement”) is dated as of May 1, 2007, by and between West Valley MRF, LLC, a California
limited liability company (the “Borrower”) and Union Bank of California, N.A. (the “Bank”) and is being entered into in connection with the following: 
 A. The Bank and the Borrower are party to a Reimbursement Agreement dated as of May 1, 2000, as amended by that certain First Amendment Agreement dated as of January 1, 2003 and that certain Extension and
Amendment Agreement dated as of May 5, 2005 (as so amended, the “Reimbursement Agreement”) pursuant to which the Bank has issued its Irrevocable Letter of Credit No. 306S232758, dated May 16, 2000 (as heretofore amended, the
“Letter of Credit”) in favor of BNY Western Trust Company, as Trustee. Capitalized terms used herein without definition shall have the respective meanings ascribed thereto in the Reimbursement Agreement. 
 B. Under Section 1(g) of the Reimbursement Agreement, the Borrower is required to make monthly deposits into the Deposit Account, to optionally
redeem a portion of the Bonds each year and to use the monies in the Deposit Account to reimburse the Bank for draws on the Letter of Credit made in connection with such optional redemptions. The Borrower has requested that, for the remaining term
of the Letter of Credit, the Bank waive the requirement for such deposits into the Deposit Account and the requirement that the Borrower cause there to be an optional redemption of the Bonds. The Bank has approved this request subject to the terms
and conditions hereinafter set forth. 
 NOW, THEREFORE, the Bank and the Borrower do hereby agree as follows: 
 1. Effective as of the Effective Date (as defined below), the Bank and the Borrower agree that anything in the Reimbursement Agreement to the contrary
notwithstanding, the Borrower shall not be required to make any regular monthly deposits into the Deposit Account nor shall the Borrower be required under Section 1(g) of the Reimbursement Agreement to cause there to be any optional redemption
of the Bonds. This Agreement and such written consent may be executed in counterparts and the Bank may accept execution of counterparts via facsimile transmission. 
 2. The Borrower hereby represents and warrants to the Bank as follows: 
 (a) No Default or
Event of Default under the Reimbursement Agreement, the Deed of Trust or any Related Document has occurred and is continuing; 
 (b) The execution, delivery and performance by the Borrower of this Agreement have been duly authorized by all necessary company action and do not and will not require any registration with, consent or approval of, notice to or action by,
any person (including any governmental agency) in order to be effective and enforceable. The Deed of Trust constitutes the legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, without defense,
counterclaim or offset; and 
 (c) All representations and warranties of the Borrower under the Reimbursement Agreement and
the Deed of Trust are true and correct fully as if made on the date hereof. 
 3. When both of the following conditions precedent have been
satisfied or waived by the Bank, this Agreement will be deemed effective as of May 1, 2007 (“Effective Date”): 
 (a) The Bank has received from the Borrower a counterpart of this Agreement duly executed by the Borrower together with a fully executed copy of a Guarantors’ Acknowledgment and Consent in form and substance satisfactory to the Bank;
and 

 (b) All representations and warranties of the Borrower contained herein and in the
Reimbursement Agreement are true and correct as of the Effective Date and no Event of Default, and no event which with notice or lapse of time or both would become an Event of Default, shall have occurred and be continuing under the Reimbursement
Agreement. 
 4. This Third Amendment Agreement may be executed in multiple counterparts which taken together shall constitute one and the
same document. As modified hereby, the Reimbursement Agreement is hereby ratified, approved and confirmed and remains in full force and effect. 
 IN WITNESS WHEREOF, the Bank and the Borrower have executed this Third Amendment Agreement effective as of the date first set forth above. 
  

					
	 WEST VALLEY MRF, LLC,
 a California limited
liability company

		
	By:	 	 Kaiser Recycling, LLC,
 a Delaware limited
liability company, member

			
		 	By:	 	/s/ James F. Verhey
		 		 	Name: James F. Verhey
		 		 	Title: Vice President
		
	By:	 	West Valley Recycling & Transfer, Inc., a California corporation, member
			
		 	By:	 	/s/ Cole Burr
		 		 	Name: Cole Burr
		 		 	Title: President

  

			
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	/s/ Myra Juetten
		 	Name: Myra Juetten
		 	Title: Vice President

  

 -2-

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