Allonge to Real Estate Mortgage Note between TOMRA of North America Finance Corporation, Wise Recycling West, LLC, and GAB Holding LLC
This document is an allonge attached to a Real Estate Mortgage Note originally issued by Wise Recycling West, LLC to TOMRA of North America Finance Corporation for $720,000. It references an Extension and Assignment Agreement involving TOMRA, Wise, and GAB Holding LLC. The allonge transfers the note to GAB Holding LLC without recourse, meaning TOMRA makes no guarantees or warranties regarding the note. The agreement formalizes the transfer of rights under the note to GAB Holding LLC.
Exhibit 10.31
ALLONGE TO REAL ESTATE MORTGAGE NOTE
This Allonge to Real Estate Mortgage Note (“Allonge”) is attached to, and made a part of that certain Promissory Note dated December 5, 2002, in the principal amount of Seven Hundred Twenty Thousand and 00/100 Dollars ($720,000.00) made by Wise Recycling West, LLC (“Wise”) to the order of TOMRA of North America Finance Corporation (“TNAFC”), as extended and supplemented by that certain Extension and Assignment Agreement dated January 21, 2005 (“Extension and Assignment Agreement”) by and among TNAFC, Wise, and GAB Holding LLC (“GAB”), a Delaware limited liability company. This Allonge is made subject to and in accordance with the terms of that certain aforesaid Extension and Assignment Agreement.
PAY TO THE ORDER OF GAB Holding LLC, without recourse, representation, or warranty of any kind or nature whatsoever.
TOMRA of North America Finance Corporation,
a Delaware corporation
By: /s/ Gregory G. Knoll
Gregory G. Knoll [print name]
President [print title]
