TERMINATION OF REIMBURSEMENT AGREEMENT

Exhibit 10.2

TERMINATION OF REIMBURSEMENT AGREEMENT

This TERMINATION OF REIMBURSEMENT AGREEMENT (“Termination”) is made and entered into January 17, 2007 with an effective date of January 22, 2007 (the “Effective Date”) by and between Richard J. Heckmann (“Heckmann”) and K2 Inc., a Delaware corporation (“K2”).

WHEREAS, Heckmann and K2 have previously entered into that certain Reimbursement Agreement, dated as of October 28, 2003 (the “RA”) and that certain Amendment No. 1 to Reimbursement Agreement, dated as of July 6, 2004 (together with the RA, the “Reimbursement Agreement”);

WHEREAS, as of the Effective Date, K2 and Heckmann Enterprises, Inc. are ent