Document:

Exhibit 10.2

 

 

ALPHA INVESTMENT AND LENDING CORP

 

 

BILL OF SALE

 

Know all men by these presents that the
undersigned ALPHA INVESTMENT AND LENDING Corp. governed by the Laws of the State of Delaware is the owner of the full legal and
beneficial titles of the following Helicopter:

 

Manufacturer of the Helicopter: KAZAN
Helicopter Plant, Russia

Model: Mi-8P

Manufacturer serial Number: 10313

 

Engines: Engine LH, serial Number: C99401194

Engine RH, serial Number: C94301205

Main gearbox: serial Number CP89111008

Registration mark: 4L-BPF

 

That such title to said Helicopter is
not subject to any mortgage or other encumbrances.

 

ALPHA INVESTMENT AND LENDING Corp.
whose registered office is situated at 1013 Centre rd Suite 403 Wilmington, DE does this 4 August 2015 sell, grant, transfer and
deliver all of its above described rights and title to the above described helicopter together with all equipment installed therein
to Black Poll Fleet International, who registered office is situated at 610 SW 34th St Suite 307 Ft. Lauderdale, FL
33315 and to their successors and assigns forever, said Helicopter to be registered as the property of Black Poll Fleet International.

 

In witness whereof, the present document
has been executed by a duly authorized Officer.

 

 

	 	For and on behalf of ALPHA INVESTMENT AND LENDING
Corp. 
	 	Name: Boruch Freedman
	 	Title: President
	 	Signature:Exhibit 10.1

 

Second Amendment to Sections 27.1 and
27.2 of Equipment Supply Contract

 

Sections 27.1 and
27.2 of the Equipment Supply Contract effective January 2, 2015 between the undersigned parties are hereby amended as follows:

 

Section 27.1

 

Section 27.1 originally
read as follows:

 

Pilot Program
Contingency. Customer’s obligations under this Contract shall be and hereby are contingent upon the institution, completion
by that date which is one hundred twenty (120) days after the Effective Date (which date may be extended for an additional thirty
(30) days at Customer’s option upon prior written notice to P2O), and Customer’s acceptance, in its sole discretion,
of the results of, of a pilot test program (a “Pilot Program”) whereby Customer shall utilize, on terms mutually
agreeable to P2O and Customer, P2O’s facility (the “Test Facility”) at 20 Iroquois Street, Niagara Falls,
New York (the “Pilot Program Contingency”) to ascertain Customer’s willingness to go forward with the
transactions contemplated herein, and, if so ascertained, to establish Minimum Performance Levels for the Initial Order and using
the relevant feedstock. Immediately upon the execution and delivery of this Contract by the parties hereto, the parties shall
in good faith diligently negotiate the terms of an agreement for use of the Test Facility for the Pilot Program.

 

Section 27.1 was
previously amended and currently reads as follows:

 

Pilot Program
Contingency. Customer’s obligations under this Contract shall be and hereby are contingent upon the institution, completion
by that date which is two hundred ten (210) days after the Effective Date (which date may be extended for an additional thirty
(30) days at Customer’s option upon prior written notice to P2O), and Customer’s acceptance, in its sole discretion,
of the results of, of a pilot test program (a “Pilot Program”) whereby Customer shall utilize, on terms mutually
agreeable to P2O and Customer, P2O’s facility (the “Test Facility”) at 20 Iroquois Street, Niagara Falls,
New York (the “Pilot Program Contingency”) to ascertain Customer’s willingness to go forward with the
transactions contemplated herein, and, if so ascertained, to establish Minimum Performance Levels for the Initial Order and using
the relevant feedstock. Immediately upon the execution and delivery of this Contract by the parties hereto, the parties shall
in good faith diligently negotiate the terms of an agreement for use of the Test Facility for the Pilot Program.

 

By this Second Amendment,
Section 27.1 is amended again to read as follows:

 

Pilot Program
Contingency. Customer’s obligations under this Contract shall be and hereby are contingent upon the institution, completion
by that date which is three hundred (300) days after the Effective Date (which date may be extended for an additional thirty (30)
days at Customer’s option upon prior written notice to P2O), and Customer’s acceptance, in its sole discretion, of
the results of, of a pilot test program (a “Pilot Program”) whereby Customer shall utilize, on terms mutually
agreeable to P2O and Customer, P2O’s facility (the “Test Facility”) at 20 Iroquois Street, Niagara Falls,
New York (the “Pilot Program Contingency”) to ascertain Customer’s willingness to go forward with the
transactions contemplated herein, and, if so ascertained, to establish Minimum Performance Levels for the Initial Order and using
the relevant feedstock. Immediately upon the execution and delivery of this Contract by the parties hereto, the parties shall
in good faith diligently negotiate the terms of an agreement for use of the Test Facility for the Pilot Program.

 

    	 

    	 	 	 

    

 

Section 27.2

 

Section 27.2 originally
read as follows:

 

Financing Contingency.
Customer’s obligations under this Contract shall be and hereby are contingent upon Customer obtaining funding for (i) the
Pilot Program on terms acceptable to Customer in its sole discretion, on or before that date which is thirty (30) calendar days
after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to Customer in Customer’s
sole discretion, on or before that date which is sixty (60) days after Customer’s written notice of removal or satisfaction
of the Pilot Program Contingency.

 

Section 27.2 was
previously amended and currently reads as follows:

 

Financing Contingency.
Customer’s obligations under this Contract shall be and hereby are contingent upon Customer obtaining funding for (i) the
Pilot Program on terms acceptable to Customer in its sole discretion, on or before that date which is one hundred twenty (120)
calendar days after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to
Customer in Customer’s sole discretion, on or before that date which is sixty (60) days after Customer’s written notice
of removal or satisfaction of the Pilot Program Contingency.

 

By this Second Amendment,
Section 27.2 is amended again to read as follows:

 

Financing Contingency.
Customer’s obligations under this Contract shall be and hereby are contingent upon Customer obtaining funding for (i) the
Pilot Program on terms acceptable to Customer in its sole discretion, on or before that date which is two hundred ten (210) calendar
days after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to Customer
in Customer’s sole discretion, on or before that date which is sixty (60) days after Customer’s written notice of
removal or satisfaction of the Pilot Program Contingency.

 

All other terms and conditions of the
Equipment Supply Contract shall remain the same.

 

	Dated: July 31, 2015	PLASTIC2OIL, INC., a Nevada corporation
	 	 	 
	 	By:	/s/ Richard W.
    Heddle
	 	 	Richard W. Heddle
	 	 	President & CEO
	 	 	 
	Dated: July 31, 2015	ECONAVIGATION, LLC, a New York limited
    liability company
	 	 	 
	 	By:	/s/ Mark D. Ragus
	 	 	Mark D. Ragus
	 	 	PresidentExhibit 10.2

 

Second Amendment to Sections 13.1 and
13.2 of Technology License and Referral Agreement

 

Sections 13.1
and 13.2 of the Technology License and Referral Agreement effective January 2, 2015 between the undersigned parties are hereby
amended as follows:

 

Section 13.1

 

Section 13.1 originally read as
follows:

 

Pilot Program
Contingency. Licensee’s obligations under this Agreement shall be and hereby are contingent upon the institution, completion
by that date which is one hundred twenty (120) days after the Effective Date (which date may be extended for an additional thirty
(30) days at Licensee’s option upon prior written notice to P2O), and Licensee’s acceptance, in its sole discretion,
of the results of, of a pilot test program (the “Pilot Program”), whereby Licensee shall utilize, on terms
mutually agreeable to P2O and Licensee, P2O’s facility (the “Test Facility”) at 20 Iroquois Street, Niagara
Falls, New York (the “Pilot Program Contingency”) to ascertain Licensee’s willingness to go forward with
the transactions contemplated herein, and, if so ascertained, to establish Minimum Performance Levels for the Initial Order and
using the relevant feedstock. Immediately upon the execution and delivery of this Agreement by the parties hereto, the parties
shall in good faith diligently negotiate the terms of an agreement for use of the Test Facility for the Pilot Program.

 

Section 13.1 was previously amended
and currently to reads as follows:

 

Pilot Program
Contingency. Licensee’s obligations under this Agreement shall be and hereby are contingent upon the institution, completion
by that date which is two hundred ten (210) days after the Effective Date (which date may be extended for an additional thirty
(30) days at Licensee’s option upon prior written notice to P2O), and Licensee’s acceptance, in its sole discretion,
of the results of, of a pilot test program (the “Pilot Program”), whereby Licensee shall utilize, on terms
mutually agreeable to P2O and Licensee, P2O’s facility (the “Test Facility”) at 20 Iroquois Street, Niagara
Falls, New York (the “Pilot Program Contingency”) to ascertain Licensee’s willingness to go forward with
the transactions contemplated herein, and, if so ascertained, to establish Minimum Performance Levels for the Initial Order and
using the relevant feedstock. Immediately upon the execution and delivery of this Agreement by the parties hereto, the parties
shall in good faith diligently negotiate the terms of an agreement for use of the Test Facility for the Pilot Program.

 

By this Second Amendment, Section
13.1 is amended again to read as follows:

 

Pilot Program
Contingency. Licensee’s obligations under this Agreement shall be and hereby are contingent upon the institution, completion
by that date which is three hundred (300) days after the Effective Date (which date may be extended for an additional thirty (30)
days at Licensee’s option upon prior written notice to P2O), and Licensee’s acceptance, in its sole discretion, of
the results of, of a pilot test program (the “Pilot Program”), whereby Licensee shall utilize, on terms mutually
agreeable to P2O and Licensee, P2O’s facility (the “Test Facility”) at 20 Iroquois Street, Niagara Falls,
New York (the “Pilot Program Contingency”) to ascertain Licensee’s willingness to go forward with the
transactions contemplated herein, and, if so ascertained, to establish Minimum Performance Levels for the Initial Order and using
the relevant feedstock. Immediately upon the execution and delivery of this Agreement by the parties hereto, the parties shall
in good faith diligently negotiate the terms of an agreement for use of the Test Facility for the Pilot Program.

 

    	 

    	 	 	 

    

 

Section 13.2

 

Section 13.2 originally read as
follows:

 

Financing Contingency.
Licensee’s obligations under this Agreement shall be and hereby are contingent upon Licensee obtaining funding for (i) the
Pilot Program on terms acceptable to Licensee in its sole discretion, on or before that date which is thirty (30) calendar days
after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to Licensee in Licensee’s
sole discretion, on or before that date which is sixty (60) days after Licensee’s written notice of removal or satisfaction
of the Pilot Test Contingency.

 

Section 13.2 was previously amended
and currently reads as follows:

 

Financing Contingency.
Licensee’s obligations under this Agreement shall be and hereby are contingent upon Licensee obtaining funding for (i) the
Pilot Program on terms acceptable to Licensee in its sole discretion, on or before that date which is one hundred twenty (120)
calendar days after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to
Licensee in Licensee’s sole discretion, on or before that date which is sixty (60) days after Licensee’s written notice
of removal or satisfaction of the Pilot Test Contingency.

 

By this Second Amendment, Section
13.2 is amended again to read as follows:

 

Financing Contingency.
Licensee’s obligations under this Agreement shall be and hereby are contingent upon Licensee obtaining funding for (i) the
Pilot Program on terms acceptable to Licensee in its sole discretion, on or before that date which is two hundred ten (210) calendar
days after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to Licensee
in Licensee’s sole discretion, on or before that date which is sixty (60) days after Licensee’s written notice of
removal or satisfaction of the Pilot Test Contingency.

 

All other terms and conditions of
the Technology License and Referral Agreement shall remain the same.

 

	Dated: July 31, 2015	PLASTIC2OIL, INC., a Nevada corporation
	 	 	 
	 	By:	/s/ Richard W.
    Heddle
	 	 	 Richard W. Heddle
	 	 	 President & CEO
	 	 	 
	Dated: July 31, 2015	ECONAVIGATION, LLC, a New York limited
    liability company
	 	 	 
	 	By:	/s/ Mark D. Ragus
	 	 	Mark D. Ragus
	 	 	President

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