1. LAW 70 - The Solid Waste Management Authority Law

2. LAW 8 - The Tax Incentives Law

3. LAW 13 - Amendment to Law 70 (21 pages)

* Article 13 Amends Law 70, Article 14 (A)(2) to provide for the requirement of all Government Agencies and Municipalities to give preference to purchasing products made from recycled content materials and allowing for such products to be up to15% more expensive than a competitive product made from virgin materials.

4. LAW 14 - Amendment to Law 8 (6 pages)

* Article 2 Amends Law 8, Section 4 (d)(2) to grant tax exempt corporations to take a tax credit equal to 15% of the value of products they may purchase made of recycled material by companies certified as qualified recycling companies under this Law.

* Article 3 Amends Law 8 Section 3 (d)(4) to grant a 20 year period of tax exemption irrespective of geographic location to any company that qualifies as a recycler or solid waste processor under this Law and obtains Tax Exempt status pursuit to same.

5. LAW 15 - Amendment to Law 70 (11 pages)

* Article 5 Amends Law 70 adding Article 21 to provide for investors in recycling and solid waste processing companies that qualify to receive an investment tax credit and a loss tax credit based on cash invested. The investment tax credit applicable is equal to 50% of the amount invested and the credit that may be taken in the first year is limited to 50% of the total credit applicable. The investment tax credit may be sold with the proceeds up to the value of the credit being tax free income to the seller. The Loss Tax Credit is applicable in the event of a loss being realized on the transfer or sale or holding of the investment qualifying under this Law and allows for a tax credit to be taken for up to 50% of the value of the investment in the event of such capital loss. The amount of such credits that a qualifying entity could issue was limited to a total of 20% of the declared project value.

6. LAW 104 - Amendment to Law 70 (2 pages)

* Article 1 Amends Law 70, Article 21 (b) to remove limits on the amount of credits a qualifying entity can issue based on a percentage of a project's value and instead allows the credits to be earned on any cash invested in a project.

NOTE: The Company has been granted Tax Exempt Status providing a 90% exemption on Income Taxes and 60% on Property Taxes for a period of 20 years commencing December 1994. In addition, the Company has been Certified by the Solid Waste Management Authority as being a Solid Waste Processor in conformance with Law 14 stipulations. The Company has been also approved as an eligible investment in accordance with Law 15 and can thus issue Investment Tax Credits to investors in the approved Company securities.