Exhibit 5
JOINT FILING AGREEMENT
The undersigned each agree that (i) the Statement on Schedule 13D relating
to the Common Stock, without par value, of Kafus Environmental Industries, Ltd.
is adopted and filed on behalf on each of them, (ii) all future amendments to
such Statement on Schedule 13D will, unless written notice to the contrary is
delivered as described below, be jointly filed on behalf of each of them, and
(iii) the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of
1934, as amended, apply to each of them. This agreement may be terminated with
respect to the obligation to jointly file future amendments to such Statement on
Schedule 13D as to any of the undersigned upon such person giving written notice
thereof to each of the other persons signatory hereto, at the principal office
thereof.
EXECUTED as of January 12, 1999.
SUNDANCE ASSETS, L.P.
By: Ponderosa Assets, L.P.
its general partner
By: Enron Ponderosa Management Holdings, Inc.
its general partner
By: /s/ Xxxxx X. Xxxxxxxx
______________________________
Name: Xxxxx X. Xxxxxxxx
Title: Vice President and Secretary
ENRON CAPITAL & TRADE RESOURCES CORP.
By: /s/ Xxxxx X. Xxxxxxxx
_____________________________________
Name: Xxxxx X. Xxxxxxxx
Title: Vice President and Secretary
ENRON CORP.
By: /s/ Xxxxx X. Xxxxxxxx
_____________________________________
Name: Xxxxx X. Xxxxxxxx
Title: Vice President and Secretary
