Prof. George Angelow President

1. is member of Lions Club, Paris waste2power investment program east electric company, Ltd. 5 Winter Pl, Melrose MA 02176, USA e-mail: usa@eec.us.com Europe and Asia Compliance Office: 20 Felix Kaniz St., Sofia 1606, Bulgaria Tel/efax +359-2-852-4564   e-mail: eu@eec.us.com Prof. George Angelow President

2. Company Profile eastelectriccompany(eec) is the name of two entities in both countries, the United States, Washington, DC, and Bulgaria. They were chartered as engineering and consulting companies for development of power production on renewables, on the first place energy from municipality solid wasteand also wind farms, run-of-river hydro-power generation and photo voltage solar plants.

3. waste2power This is the field of our most overgrowth for some time past and the line of projects where we invest hundred of million dollars own and syndicated funds. It is our mandatory practice to line up behind the municipality of the towns of the projects. east electric company is the operator providing to its local partner, the Municipality, all instruments—engineering design, capital goods, training, operation, and meets the local cost of the investment project for the mutuality of benefit of the partnership. eecproposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power. • The advantages and major benefits of eec’swaste2power investment program include: • Production of electricity from municipal solid waste • Production of potable water • Metals, plastics, glass, ceramics, paper recycling • Ash recycling • Sorted waste or non-sorted waste processing • Near zero emissions • No cost feedstock - tipping fees actually add to revenues • Feedstock flexibility • Reduced need for landfill space • Adding value to local economy

4. Project Concept east electric company proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power. Recycling System waste2power System Energy Generation Waste Incineration

5. Complex system which involves: • City / Municipality • Project Guarantor - Municipality Servicing Bank • Project Company • Project Lenders against eec’s assets pledged • securities and insurance polices • Contracting Parties • Turnkey construction contractor • Subcontractors, equipment suppliers • Power purchaser • Power-grid operator • Fuel/waste/feedstock suppliers • Operator - JV Co. chartered by eec& Municipality

6. Contractual Structure (1st stage) Contractual Structure Bank Guarantees 1st Letter of Indemnity National Bank Municipality Subcontractor Contract 1st Advance Payment Order Credit Bank US Manufacturer

7. Contractual Structure (2nd stage) Bank Guarantees 2nd 1st Letter of Indemnity National Bank Municipality Land Application Concession Subcontractor Joint Venture Contract 1st 2nd Advance Payment Order Credit Bank US Manufacturer Order Final Settlement Equipment Maintenance

8. Contractual Structure (3rd stage) Bank Guarantees Dividends 2nd 1st Letter of Indemnity National Bank Payments Municipality Land Application Concession Subcontractor Costs Joint Venture Contract 1st 2nd Cash Services Advance Payment Order Fuel Supplier Power Purchaser Credit Bank US Manufacturer Order Final Settlement Repayment Equipment Maintenance Dividends

9. eastelectriccompanyEngagements Financing/Stages• 1st•2nd• 3rd Site preparations Construction •Project background screening •Engineering design •Financial project •Advance manufacturing equipment •Final settlement equipment •Construction of shop-plant •Current cost of waste disposal •Availability and cost of disposal alternatives •Renewable car park and waste bins • Engineering • Equipment purchase • Shop construction • Screening of the existing situation and waste types assessment • Site infrastructure approval • Zero cycle of equipment & shop installment • Utility interconnections • Ash disposal capacity • Waste supply commitments • Operative landfill for 3-day waste collection

10. Role of the Municipality • Assignment of the job to eec(by mean of the Memorandum) • Granting licenses (through concession agreement) • Securing the project background screening & engineering design (by 1stbank guarantee – 16 -20% of the investment) • Supervising the process of implementation (as a 20%-shareholder in the Operator JV-Company) • Supervising operation, management and maintenance (by means of the monthly payments for the service) • Undertaking of project’s service purchase obligations to secure returns (by 2nd bank guarantee – 100% of the investment)

11. Description Of Proposed Technology Four-phased approach to building a Waste to Energy Material Recovery Facility • Sorting line and Baler • Reduce waste • stream by 20% • Additional sorting equipment • Removes 45% • of waste stream ROTARY CASCADING BED COMBUSTOR • Adds composting • Reduces waste • stream another 10% NEW, UNIQUE DESIGN Clean combustion of diverse fuels and wastes, ranging from high sulfur coals to municipal solid wastes Over 3,500 hours of boiler Gasification Technology • Reduce entire waste stream to an ash for: • Composting • Land reclamation • Concrete manufacturing ROTARY CASCADING BED COMBUSTOR

12. Potable Water Bottling Plant In addition to the waste to power plant, a potable water bottling equipment system may be constructed in order to produce high quality water. east electric company customize the specific design, select the right equipment and construct the potable water shop The water pretreatment and purification process include UV sterilization, water ozonation, deionization, reverse osmosis and water distillers. Capacity ranging: 80,000 up to 100,000 L/day

13. Overview of various risks: • Identifying local legal risks: • Choice of law • Government guarantees • Currency convertibility • Changes in taxes and duties • Force majeure • Country risk • Adequacy of national regulatory framework • Commercial risk : • Construction risks - 0 • Operating risks - 0 • Fuel risks - 0 • Market risks - 0 • Currency related risks • Environmental risks - 0 • Political risks: • Adverse changes in law • Inflation • Expropriation

14. Project Financing The Project Financing is an eec’s obligation as Investor. The Investor’s Project Financingmust be secured by the local administration – government or, as usually, municipality that assign the service and acquire social effect for their people and eco-environment improvement for the whole people of the world. Guarantees: The waste treatment projects usually require comprehensive environmental study- long-term screening of the waste, collection, transport and landfill; engineering design and financial project ,plus cash down prepayment prior to order and supply the equipment and build the shop. 1. Financing Guarantee: Secure the Investor’s preliminary expenses in 16 – 20% of the Project value. 2. Equity Guarantee: Secure 100% of the equipment and other acquisitions – the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit.

15. Sponsor / Investor • Requirements to Sponsor (Investor) for Provision of Project Financing • (General accepted rules) • Specific know-how and experience of Sponsor • Strong commitment of Sponsor; contribution of own funds of at least 15-30% of total Investment • Sound financial structure with adequate risk sharing between parties • Sponsor holds majority in Project Company, or has at least major influence on decision-making • Project implementation and operation phases are supervised by Sponsor • Sponsor is involved in management of Project Company • Financially viable project • Proven technology

16. Municipality / Government Requirements to Municipality (Government) for Provision of Guarantees (Particular required rules for municipal waste collection & utilization) 1stFinancing Bank Guarantee: Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates. 2nd Equity Guarantee: (i) Contract stipulating supply of equipment and operation; and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage, single completed, of development of the Project.

17. Benefits and costs 1 ton of municipal waste 0.67 MWhof electricity The typical amount of net energy that can be produced per ton of municipal waste is about 0.67 MWh of electricity. Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion.

18. Benefits • A new direction in Public Private Investment Partnership forging constructive, cost effective and environmentally sound alliances between government and industry for: • The comprehensive management and reuse of municipal and industrial waste • The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power; both process steam and co generated electricity.

19. Municipal & Community Benefits • No increased waste disposal costs for the taxpayer. A community can have a comprehensive waste management system; including minimization; recycling, reuse, waste to energy, and landfill reduction elements; at cost competitive with those of unacceptable mass collection/landfill disposal operations. • Up to 70% diversion of materials from landfills with the productive use of those diverted materials; first in reuse needs and secondly through clean waste to energy applications. • Almost total diversion rates with the conversion of composts, ashes, sewer sludges and yard wastes into natural fertilizers. • Increased industrial competitiveness – preserves and protects jobs.

20. Industry Benefits • Industry can continue to burn lower cost regional coals, including waste grades. • Energy costs can be lowered through the use of “throw-away” wastes as productive fuels. • Continued low energy costs protect competitiveness and jobs. • Proof that a cleaner environment can economically coexist with continuing low industrial energy costs.

21. Environmental Benefits • Reduce land contamination. Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills. Substantially lower dependence on landfills. • Reduce air contamination. • Protect resources. Productive reuse of waste resources means lower rate of use of new resources. • From maximizing the economic use of spent resources to clean utilization of the huge supplies of problem & waste coals; industrial/municipal economics and the environment become friendlier rather than increasingly adversarial. • Promote natural fertilizers to replace chemical based ones. Combine yard wastes, ashes, composts and sewage sludges with nutrients to produce natural fertilizers, fills and soil extenders.

22. east electric company, Ltd. Our whole experience is at your service. We hope you will make use of it. We should appreciate the opportunity of showing how efficiently we can serve you. If we can answer any questions, we shall be glad to do so. Thank you for your time