INSURANCE PROGRAM ON BEHALF OF
FEDERAL RECYCLING TECHNOLOGIES, INC.


Coverage:            Commercial General Liability-Occurrence Form
                            Contractor's Pollution Liability-Occurrence Form
                            Professional Liability-Claims Made Form

Effective Date:       Open


Location:            3750 West Main
                          Suite "AA"
                          Norman, Oklahoma  73072

Policy Limits:      $ 10,000,000.00 Each Occurrence.
                          $ 10,000,000.00 General Policy Aggregate.
                          $ 10,000,000.00 Products/Completed Operations.
                          $ 10,000,000.00 Personal and Advertising Injury.
                          $        50,000.00 Damage to Premises Leased to Insured.
                          $          5,000.00 Medical Payments Premises-Per Person.
                          $ 10,000,000.00 Contractor's Pollution Liability.
                          $ 25,000,000.00 Professional Liability.

Deductible:         $ 25,000.00 General Liability per each Loss Occurrence.
                          $ 25,000.00 Contractor's Pollution Liability per Loss.
                          $ 25,000.00 Professional Liability E & O per each Claim.

Rating Basis:       1) Estimated Annual Revenues for each Plant.

Exclusions:          1) Mold, Bacteria, Fungi, 2) Employer's Practice Liability, 3)
                            Asbestos, 4) Assault & Battery, 5) Workers Compensation Related
                            Injury, 6) Warranty of Performance, and 7) War.

Policy Conditions:        1) Refer to Policy Forms and Endorsements. 2) Engineering
                                    Inspection by Insurance Company Engineering Staff of Site
                                    and Plant as required.