GUNDLE SLT ENVIRONMENTAL INC
<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>106
<FILENAME>v037127_ex10-17.htm
<TEXT>
<HTML>
<HEAD>
   <TITLE></TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY bgcolor="#ffffff">


<A name="page_1"></A>

<IMG src="v037127_ex10-17x1x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_2"></A>

<IMG src="v037127_ex10-17x2x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_3"></A>

<IMG src="v037127_ex10-17x3x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_4"></A>

<IMG src="v037127_ex10-17x4x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_5"></A>

<IMG src="v037127_ex10-17x5x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_6"></A>

<IMG src="v037127_ex10-17x6x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_7"></A>

<IMG src="v037127_ex10-17x7x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_8"></A>

<IMG src="v037127_ex10-17x8x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_9"></A>

<IMG src="v037127_ex10-17x9x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_10"></A>

<IMG src="v037127_ex10-17x10x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_11"></A>

<IMG src="v037127_ex10-17x11x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_12"></A>

<IMG src="v037127_ex10-17x12x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_13"></A>

<IMG src="v037127_ex10-17x13x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_14"></A>

<IMG src="v037127_ex10-17x14x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_15"></A>

<IMG src="v037127_ex10-17x15x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_16"></A>

<IMG src="v037127_ex10-17x16x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_17"></A>

<IMG src="v037127_ex10-17x17x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>


<A name="page_18"></A>

<IMG src="v037127_ex10-17x18x1.jpg" border=0>
<BR>

<HR noshade align="center" width="100%" size=2>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
