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s J ORIGINAL CONTRACT MODIFICATION AGREEMENT RECOVERED NEWSPAPER DELIVERED SUPPLY AGREEMENT . 150 This Contract Modification Agreement, bearing an effective date of June 1 , 2003 is by and between INDIAN RIVER COUNTY SOLID WASTE DISPOSAL DISTRICT, a dependent special district of Indian River County, Florida, whose address is c/o Indian River County Utilities Department, 1840 251' Street, Vero Beach, Florida 32960, (" SUPPLIER"), and SP Recycling Corporation with its office located at 1895 Phoenix Boulevard, Atlanta, Georgia 30349, ("BUYER") . Background Recitals I. On August 11 , 1998 BUYER and SUPPLIER entered into the Recovered Newspaper Delivered Supply Agreement ("Contract"). II. The initial term of the Contract was two (2) years, commencing August 11 , 1998 with continuous optional renewal periods of one ( 1 ) year. III. The original purchase prices were as follows : Floor price of $25 . 00/ton delivered to the BUYERS Facility and high side listing less $20 . 00/ton of the Official Board Markets, Yellow Sheets "Paper Stock Price List" for #8 old newsprint, listed for the southeast market area. IV. Paragraph B under General Conditions of the Contract allows for mutually agreed changes and modifications . NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties agree as follows : A. The background recitals are true and correct and form a material part of this Contact Modification Agreement. B . From and after the effective date of this Contract Modification Agreement, the parties agree to modify the Contract as set forth herein and in Revised Exhibit A attached to this Contract Modification Agreement and by this reference incorporated herein in its entirety. C . All paragraphs of the Contract starting with the initial paragraph captioned "This Agreement" through and including the paragraph captioned "Purchase Orders" are deleted and replaced in their entirety with the following : 1 . Volume : The annual old newsprint (ONP) volume projection is 4, 200 tons, which is to be shipped in regular weekly releases. A 10% variance of the annual volume, either over or under will satisfy this Contract . BUYER retains the right to reduce volumes throughout this Contract due to SUPPLIER' S failure to meet ONP quality requirements. SUPPLIER reserves the right to terminate this Contract after receipt of the reduced volume notice from the BUYER. SUPPLIER shall provide fourteen ( 14) calendar days notice to BUYER of such termination. 1