Philippe and Nadine Grelsamer - Page 11

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          Associates, partnerships that leased Sentinel recyclers.                    
          Burstein owns a 2.605-percent interest in Empire Associates and a           
          5.82-percent interest in Jefferson Recycling Associates, also               
          partnerships that leased Sentinel recyclers.  Burstein also was a           
          client and business associate of Elliot I. Miller (Miller), the             
          corporate counsel to PI.                                                    
               The offering memoranda for Plymouth and SAB Reclamation                
          state that the general partner will receive fees from those                 
          partnerships in the respective amounts of $37,500 and $110,000.             
          SAB Management received fees of approximately $500,000 as the               
          general partner of the SAB Recycling Partnerships.  In addition,            
          Becker Co. prepared the partnership returns and Forms K-1 for all           
          of the SAB Recycling Partnerships and received fees for those               
          services.                                                                   
               The offering memoranda for Plymouth and SAB Reclamation                
          state that sales commissions and offeree representative fees will           
          be paid in amounts equal to 10 percent and 7.5 percent,                     
          respectively, of each investment guided to the partnerships and             
          that the general partner "may retain as additional compensation             
          all amounts not paid as sales commissions or offeree                        
          representative fees."  However, neither SAB Management nor Becker           
          retained or received any sales commissions or offeree                       
          representative fees.  Instead, after the closing of each SAB                
          Recycling Partnership, Becker rebated to each investor whose                






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Last modified: May 25, 2011