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Thanks RAW! Business as usual! The only whining I hear is from day traders and 'ye of little faith'. Know what you own, know the potential, Know the vision, Know that you will invest in a company that will provide benefits to all future generations!
I am with you on the green close Raw!
Got my 2000 more at 1.57
Don't think so. You need to start using your big boy brains or Mommy won't give you any more cookies!
dreaminbig has replied to a post you made on JBI Inc. on Investors Hub:
Looks like someone wanted out.
Tomorrow and the rest of this week should be fun
To the weekly page Support Privacy Search Ticker Not Updated since 7/18/2011 7/19/2011
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JBII
JBI INC
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 06.28.2011 (20) days ago, when the stock price was 3.8800. Since then JBII has fallen -47.68% .
The BUY-IF alert is still valid. A confirmation today however is denied. The pattern is not rejected yet since the day was not a long black candlestick one. The market is currently testing your patience. Continue to do your homework by digesting all available information around.
The final judgment about the evolving pattern waits the next session. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null.
It is still your duty to check the confirmation criteria when the next session opens. Reminding briefly; a white candlestick with an upward gap, a white candlestick closing above previous close and a long white candlestick with a big downward gap is sufficient to confirm the BUY-IF alert though with a one day delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. The next session is the last chance we allow for confirmation. A confirmation failure renders the assumed bullish pattern totally invalid and starts the process of searching for a new pattern.
We do not yet suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.
Data provided by: End of Day Data
BUY-IF
2.0300
0.0000 0.00%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
Candlestick Pattern
Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
Stock Quote
Day's Close 2.0300
Previous Close 2.0300
Previous Open 2.0300
Change 0.0000
% Change 0.00%
Volume 196,697
Stock Activity
Day's Open 2.0500
Day's High 2.0600
Day's Low 1.8700
20-Day Close M.A. 3.1665
50-Day Close M.A. 3.3136
65-Day Volume M.A. 243,648
9-Month Signal History
Date Price Signal * $100
Became
06.28.11 3.880 Sell 592
06.24.11 3.950 Buy 604
06.20.11 4.100 Sell 604
06.08.11 3.270 Buy 483
05.31.11 3.400 Sell 483
05.09.11 3.300 Buy 469
05.04.11 3.270 Sell 469
04.07.11 1.050 Buy 151
03.22.11 0.8200 Sell 151
03.18.11 0.8100 Buy 149
03.07.11 0.8400 Sell 149
03.03.11 0.8000 Buy 143
02.23.11 0.8400 Sell 143
01.31.11 0.8200 Buy 140
01.24.11 0.8150 Sell 140
01.18.11 0.7500 Buy 129
01.11.11 0.7399 Sell 129
01.03.11 0.6500 Buy 113
12.27.10 0.7000 Sell 113
12.22.10 0.8300 Buy 135
12.20.10 0.8300 Sell 135
12.06.10 0.5700 Buy 93
12.01.10 0.6000 Sell 93
11.18.10 0.6000 Buy 93
11.10.10 0.6100 Sell 93
11.05.10 0.6200 Buy 94
10.28.10 0.7100 Sell 94
10.25.10 0.7500 Buy 100
10.11.10 0.8200 Sell 100
* The negative impact of trade commissions and missed benchmark prices is reflected as -0.2% per trade.
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Disclaimer
The opinions provided herein are intended to inform. They come with no warranty of any kind. If you should choose to interpret AmericanBulls.com information as investment advice, you do so at your own risk. Investing can be a very dangerous venture and it is you who must assume the entire cost and risk involved in all of your investment decisions, should you choose to follow this advice or use this information. AmericanBulls.com staff, members of the staff's families, and/or entities with which they are affiliated, may from time to time, buy, sell or hold stock in and have other financial dealings with the companies that appear on the AmericanBulls.com web site, mailings, or publications. The information contained on the AmericanBulls.com web site, mailings, and publications is drawn from sources believed to be factual and reliable, but in no way does AmericanBulls.com represent or guarantee the accuracy or completeness thereof, nor in providing it, does AmericanBulls.com assume any liability. This information is given as of the date appearing on the AmericanBulls.com web site report or mailing, and AmericanBulls.com assumes no obligation to update the information or advice on further developments relating to any named securities. The information found on the AmericanBulls.com web site, mailings, or publications is protected by the copyright laws of the United States and may not be copied, or reproduced in any way without the expressed, written consent of the editors.
Quality maintenance-free data supplied by End of Day Data
GO STXG Stockcross financial
Tomorrow, pre-market, perfect time for a positive news release!
Depending on how well John executes his plan, I am projecting 15- 25. Hopefully $25+ as I am in loooooong
Slapping the ask like a knife thru buttah!
30k plus volume HUH???, beneath the L2 radar! Someone wants in!
Good luck with that L
No sales here, just higher blood pressure. KNOW WHAT YOU OWN IS THE BATTLE CRY! Plus, fiance said she will polish the brass ones once the uptrend is in place! Weeeeeeeeeeeeeeeeeee
I believe that a 55% haircut is qualification for either the brass balls club or the closest insane asylum. Never would have believed one stock or it's potential, business model, and green initiatives would have turned this old trader. Well, I am in this for the long haul and looking forward to brighter days ahead. Now, time for a 3 Olives Cherry on the rocks. Sleep tight fellow brassers, tomorrow is another day! GLTA
Down 10% in the first half hour on no volume. No buyers anywhere to be found. Down 38% from the high a month ago. Needs brass b---s for this stock
Either trading was halted pending news or JBI forgot to set the alarm clock. WAKE UP
Nice paint job fellow I-hubber
LTG, am curious of the same thing! Many thousands for sale hidden from the ask. No buyers to step in. Means they will keep a lid on share price until all shares for sale are exhausted. How many more?
Hilarious!
LOL Justice! However, I traded JBI one time in mid 2010 for a hefty profit and still learned my lesson as I have not sold a share in a year. I am a believer
I love your optimism and enthusiasm Paula! I agree as I know what I have in JBI. I promised myself to watch John's hand unfold. As a former trader it is hard at times
Sometimes you just gotta close your eyes and buy! Tough day to take a day off and watch all day!
Just filled at 2.52, not sure if I should laugh or cry!
Not scared, frustrated! 30% drop or 20k would cause anyone to be frustrated
Sell blocks getting bigger and bigger, relentless
I don't get out for a long time. Took 15k profits way back (basis of .78 cents) and missed 5k along the way. This is not a trading stock. Now cost averaged around $2 and believe in leadership's vision. Must deal with my own frustration at these times of market manipulation.
A 25% haircut in 36 hours is not a walkdown. This is getting ridiculous. Where are the so called billion dollar investors, media, pr, new processors, contracts. Makes it tough being a long by taking out 6 weeks of gains in a snap.
The bidwhacking continues on light volume while the buyer's strike is on
All of these impatient shareholders remind me of the movie "the 10 commandments". Why don't all of you impatient nellies create a golden calf to worship and let Dathan lead you! I for one am a believer in the JBII long term story and the promised land of a better world with less plastic in landfills. Today was a great opportunity to buy the dip. You're welcome Mom!!
Tried to buy another 1k shares for Mom at the close but missed. Great opportunity today was. Sorry Mom, tried to get home in time :(
Agreed LTG
The push for 52 week hi is on! 4.25 close is what I am looking for today, and a nice weekend for all!
Z, I second that and is the most important information of all! DZ
Well stated Pipeholder! Must maintain that balance. This is business, and each of our hard earned money. I am all in and will remain long and strong as the detailed information is acceptable to my personal risk reward model. Currently, I could not be more pleased with the company, the share price, or the due diligence and hard work put in by so many on this board! I thank each and every one of you for making it a clear buy to me a year ago! Respectfully, DZ
And I bought another 2000, 1 at 4.05 and 1 at 4.09. Not many stocks (none), other than JBII that I feel good about down a few pennies! Great start out of the gates after the meeting. Cannot wait to see news/ details/ stock price around July 4! Long and strong (ain't nobody getting my shares for a long long while!)
Like watching paint dry. Seller at .39 needs to be bought up
Check that, I have a hidden bid at 3.12 for my Mom :)
Nice forward view! I believe so!
THANKS sdy. It usually keeps going down some after I buy, hopefully a good omen for the day!
Bought more on the the dip at 3.13. Love it!
Exclamation Point!!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 2, 2011
JBI, INC.
(Exact Name of Registrant As Specified In Charter)
Nevada 000-52444 20-4924000
(State or other jurisdiction of
incorporation or organization) (Commission File Number) (IRS Employee Identification No.)
1783 Allanport Road Thorold, Ontario L2R 3A6
(Address of Principal Executive Offices)
(905) 384 4383
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On May 2, 2011, JBI, Inc. (“JBI” or the “Company”) and Smurfit-Stone Container Corporation (“Smurfit-Stone”) entered into a Referral Agreement (the ‘Agreement”). Pursuant to the Agreement, Smurfit- Stone shall refer to JBI selected clients (“Smurfit-Stone Clients”) that may be producing significant amounts of plastic feedstock to assess the potential use of the plastic feedstock in JBI’s Plastic2Oil™ process. Upon each introduction of a Smurfit-Stone Client to JBI, JBI shall asses, in its commercially reasonable discretion, whether such Smurfit-Stone Client generates a sufficient amount of plastic feedstock to ensure that at least one JBI Plastic2Oil™ processor operating at such Smurfit-Stone Client’s facility will be able to operate at a minimum capacity of (10 metric tons/day).
Upon the determination that such Smurfit- Stone Client generates a sufficient amount of plastic feedstock at its facility to ensure that at least one Plastic2Oil™ processor will operate at full capacity, JBI shall notify Smurfit-Stone of this determination and attempt to negotiate an agreement with the Smurfit-Stone Client, on terms satisfactory to JBI in its sole discretion to have JBI; (i) install at least one Plastic2Oil™ processor at such Smurfit Stone Client’s facility; and (ii) sell the fuel produced by the Plastic2Oil™ processor to the Smurfit-Stone Client or to third parties.
Pursuant to the Agreement, Smurfit-Stone shall be paid five (5%) percent of the Gross Revenue (as defined in the Agreement) or (5%) of the Third Party Gross Revenue (as defined in the Agreement) realized from the sale of Plastic2Oil™ fuel produced at the Smurfit-Stone Client’s facility.
The foregoing description of the Agreement is not intended to be complete and is qualified in its entirety by the complete text of the Agreement attached as an exhibit to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description of Exhibit
10.1
Referral Agreement by and between JBI, Inc. and Smurfit-Stone Container Corporation dated May 2, 2011
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized
JBI, INC.
Date: May 2, 2011.By:/s/ John Bordynuik
John Bordynuik
President & Chief Executive Officer
Exhibit 10.1
JBI, Inc.
1783 Allanport Road
Thorold, Ontario
LOS 1K0
Phone: 905 384 4383
Fax: 905 384 0076
April 13, 2011
CONFIDENTIAL
Smurfit-Stone Container Corporation Attention: Andrea Bearish
RE: Referral Agreement with JBI, Inc. Dear Madams/Sirs:
This letter agreement (this "Agreement") sets forth the mutual understanding of J131, Inc. ("JBI") and Smurfit-Stone Container Corporation ("Smurfit-Stone" together with JBI, the "Parties" and each, a "Party") with respect to a referral arrangement in which JBI has developed a proprietary process (the "Plastic2Oil'rM Process") to convert waste plastic ("Plastic Feedstock") in various liquid hydrocarbon fuels (each, a "Fuel") that it wishes to leverage and Smurfit-Stone has a number of clients, including their respective subsidiaries and affiliates, and any other Person (each, a "Smurfit-Stone Client") that Smurfit-Stone shall refer to JBI that may be producing significant amounts of Plastic Feedstock that it can introduce to JBI in order for JBI to leverage the Plastic2Oilmi Process. "Person" shall be shall mean any natural person, corporation, legal person, business trust, joint venture, association, company, limited liability company, partnership or government, or any agency or political subdivision thereof.
In consideration of the mutual covenants set forth in the letter and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each Party), the Parties agree as follows:
1. Smurfit-Stone Client Introductions
Smurfit-Stone shall use commercially reasonable efforts, but shall have no affirmative obligation or a minimum commitment, to identify and introduce Smurfit-Stone Clients to JBI. Upon each introduction of a Smurfit-Stone Client to JBI, JBI shall assess, in its commercially reasonable discretion whether such Smurfit-Stone Client generates a sufficient amount of Plastic Feedstock to ensure that at least one JBI Machine (as hereinafter defined) operating at such Smurfit-Stone Client's facility (with respect to such Smurfit-Stone Client, the "Client Facility") will be able to operate at full capacity which is at least 10 metric tons/day.
1
For the purposes of this Agreement, "JBI Machine" means a machine developed by JBI that implements the Plastic2OilTM Process together with any related support equipment and infrastructure required for such machine to operate; and "full capacity" means, with respect to a JBI Machine, such JBI Machine processing the maximum amount of Plastic Feedstock it can process while running 24 hours a days, 7 days a week (subject to reasonable downtime for maintenance).
2. Client Agreements
If JBI determines that such Smurfit-Stone Client generates a sufficient amount of Plastic Feedstock at its facility to ensure that at least one JBT Machine operating at the Client Facility will be able to operate at full capacity, JBI shall notify Smurfit-Stone of the same and then JBI shall attempt to negotiate, on a good faith basis, an agreement (each, a "Client Agreement") with such Smurfit-Stone Client, on terms and conditions and in a form satisfactory to JBI in its sole reasonable discretion, to have JBI: (a) install at least one JBI Machine at such Client Facility to convert Plastic Feedstock generated by such Smurfit-Stone Client into Fuel; and (h) sell the Fuel produced by the JBI Machines at such Client Facility to such Smurfit-Stone Client for its consumption or to third parties. If JBI enters into, amends or terminates a Client Agreement with a Smurfit-Stone Client that has been introduced to MT by Smurfit-Stone, JBI shall provide a copy of such Client Agreement, the amendment thereto or the termination thereof to Smurfit-Stone promptly after execution of the same.
3. Royalty Payment
The royalties to be paid to Smurfit Stone is five percent: (5%) of the Gross Revenue and five percent (5%) of the Third Party Gross Revenue realized from the sale of Client Fuel produced by JBI Machines installed at Smurfit Stone Clients.
Within 30 days following the last day of each calendar quarter in which at least one Client Agreement remained in force and effect, JBI shall provide Smurfit-Stone with an accounting of the aggregate of Gross Revenue and Third Party Gross Revenue for such calendar quarter and together with Smurfit-Stone's aggregate royalty payment (either by cheque or wire transfer).
For the purposes of this Agreement:
(a) "Gross Revenue" means, during a period of time with respect to a Client Agreement between JBI and a Smurfit-Stone Clients an amount equal to the aggregate gross revenue invoiced by JBI during such period of time from such Smurfit-Stone Client in connection with the sale of Client Fuel of such Smurfit-Stone Client by JBI to such Smurfit-Stone Client for its consumption, Gross Revenue excludes invoiced post-production line items like transportation, taxes, and other charges that are not fuel revenue.
(b) "Third Party Gross Revenue" means, during a period of time with respect to a Client Agreement between JBI and a Smurfit-Stone Client,, an amount equal to: the aggregate gross revenue collected by JBI during such period of time from those third persons that have purchased Client Fuel of such Smurfit-Stonc, Client from JBI. Third Party Gross Revenue excludes invoiced post-production line items like transportation, taxes, and other charges that are not fuel revenue.
2
(c) "Client Fuel" means, with respect to a Smurfit-Stone Client, Fuel generated by JBI Machines operating at the Client Facility of such Smurfit-Stone Client that: (i) was introduced by Smurfit-Stone to JBI pursuant to this Agreement; and (ii) is a party to a Client Agreement with JBI.
4. Dispute Resolution Process
If a Dispute arises, a Party shall first give written notice of the Dispute to the other Party describing the Dispute and requesting it be resolved pursuant to the dispute resolution process set forth in this section (for the purposes of this section, a "Dispute Notice"). If the Parties are unable to resolve the Dispute within 30 days of delivery of the Dispute Notice, then each Party shall promptly (but no later than five business •• days thereafter): (a) appoint a designated representative who has sufficient authority to settle the Dispute • and who is at a higher management level than the person with direct responsibility for the administration of this Agreement (for the purposes of this section, each, a "Designated Representative"); and (b) notify the other Party in writing of the name and contact information of such Designated Representative. The Designated Representatives shall then meet as often as they deem necessary in their reasonable judgment in order to discuss the Dispute and negotiate in good faith to resolve the Dispute. The Designated Representatives shall mutually determine the format for such discussions and negotiations, provided that all reasonable requests for relevant information relating the Dispute made by one Party to the other Party shall be honoured. If the Parties are unable to resolve the Dispute within 60 days after the appointment of both Designated Representatives, then either Party may proceed to arbitration in accordance with section 5.
For purposes of this Agreement, "Dispute" means any dispute, controversy or difference arising out of, or relating to, any provision in this Agreement, including, without limiting the generality of the foregoing, its negotiation, validity, existence, breach, termination, construction or application, or the rights or obligations of any Party, or the relationship between the Parties.
5. Arbitration
If a Dispute has not been resolved by the Parties in accordance with section 4, the Dispute may he referred by either Party to and determined by arbitration under International Commercial Arbitration .Act, 1990, R.S.O. 1990, c. 19, as amended. The seat of arbitration shall be Ontario and hearings shall be conducted in the City of Toronto. The language of the arbitration shall be English. Any matter referred to arbitration shall be heard by three arbitrators with JBI appointing one arbitrator, Smurfit-Stone appointing one arbitrator, and such two arbitrators selecting the third arbitrator (for the purposes of this section, the "Arbitral Tribunal"). The Arbitral Tribunal shall have jurisdiction to award all remedies available at common law and equity, including specific performance and injunctive relief. The costs of the arbitration shall be in the discretion
3
of the Arbitral Tribunal. The Parties shall keep confidential and not disclose to a third party the existence of the arbitration 01 any element of it, except to the Arbitral Tribunal, such Parties' respective legal counsel, any person necessary to the conduct of the arbitration or as may he required by law. The Parties further agree that, in the case of any court proceeding seeking to set aside the decision of the Arbitral Tribunal, they will seek to maintain as confidential any confidential financial or other information disclosed in connection with the arbitration. It is understood and agreed that any performance required under this Agreement shall continue without interruption or delay during the course of any arbitration proceedings and any subsequent court proceedings arising therefrom.
6. Public Notices
The Parties shall jointly plan and co-ordinate any public notices, press releases, and any other publicity concerning the transactions contemplated by this Agreement and no Party shall act in this regard without the prior approval of the other, such approval not to be unreasonably withheld, unless such disclosure is required to meet timely disclosure obligations of any Party under applicable laws or stock exchange rules in circumstances where prior consultation with the other Party is not practicable and a copy of such disclosure is provided to the other Party.
7. Expenses
Except as otherwise provided in this Agreement, each Party shall pay all costs and expenses (including the fees and disbursements of legal counsel and other advisers) it incurs in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated by this Agreement.
8. Term
The term of this Agreement shall commence on the date hereof and shall continue unless earlier terminated by either Party upon 30 days prior written notice to the other Party. If this Agreement is terminated by MI and there shall still be active: Client Agreements, MI shall still be bound to make Royalty payments.
9. Amendment
No amendment to this Agreement shall be valid or binding unless set forth in writing and duly executed by each of the Parties.
10. Assignment
No Party may assign this Agreement or any rights or obligations under this Agreement without the prior written consent of the other Party.
11. Enurement
This Agreement shall enure to the benefit of and be binding upon the Parties and their respective successors and permitted assigns.
4
12. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable in the Province of Ontario.
13. Treatment and Protection of Confidential Information
Either Party (for purposes of this section 13, the "Receiving Party") acknowledges that other Party (for purposes of this section 13, the "Disclosing Party") may disclose Confidential Information (as hereinafter defined) to the Receiving Party in connection with either Party's obligations under this Agreement. The Receiving Party shall take reasonable steps to protect the Confidential Information. The Receiving Party shall not use, disclose, copy, or allow access to, the Confidential Information without the express prior written consent of the Disclosing Party, except that the Receiving Party may disclose the Disclosing Party's Confidential Information to the Receiving Party's Representatives (as hereinafter defined) and allow such Representatives to use, copy and have access to such Confidential Information, in each case, on a "need to know" basis; provided that such Representatives are under an obligation of confidentiality to the - Receiving Patty. •
For purposes of this Agreement:
(a) "Confidential Information" means all written, visual or oral information concerning the relationship of the Parties pursuant to this Agreement which may be of an operational, technical and/or sales nature, furnished by the Disclosing Party to the Receiving Party and/or its respective Representatives by or on behalf of the Disclosing Party, irrespective of the form of communication and whether the information is furnished before, on or after the date hereof. Such Confidential Information shall not include information which: (i) was rightfully in the Receiving Party's possession or was rightfully known to the Receiving Party's prior to its receipt from the Disclosing Party; (ii) is or becomes public knowledge by acts other than those of the Receiving Party; (iii) is developed by the Receiving Party independent of the Confidential •Information received under.this Agreement; (iv) is rightfully received from a third party without a duty of confidentiality to the Disclosing Party; (v) the Receiving Party is required to disclose under operation of law; provided, however, that the Receiving Party shall give the Disclosing Party sufficient advance notice to allow the Disclosing Party to seek a protective order as may be available at law to protect the confidentiality of the information; or (vi) is disclosed by the Receiving Party with the Disclosing Party's prior written approval. Confidential Information shall not be deemed to be in the public domain merely because any part of such information is embodied in general disclosures by the Disclosing Party or because individual features, components or combinations are now or become known to the public.
(b) "Representatives" of a Party, means such Party's directors, officers, employees, affiliates and advisors.
5
14. Return of Property
The Receiving Party shall return to the Disclosing Party promptly upon the termination of this Agreement, or at any other time when requested, the Disclosing Party's property, including but not limited to all Confidential Information and copies thereof.
15. Consequential Damages
In no event shall either party be liable for any direct, indirect, incidental, special, exemplary, or consequential damages however, caused and on any theory of liability, whether in contract, strict liability, or tort (including negligence or otherwise) arising in any way out of this Agreement or the Services to be performed hereunder, even if advised of the possibility of such damage.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
6
If the foregoing correctly sets forth our mutual understanding, please execute and return two copies of this Agreement to the undersigned to signify your acceptance. Upon such signature, this Agreement shall constitute a binding agreement between us.
Sincerely,
JBI, INC.
By:
Name:
Title:
Accepted and agreed to by:
SMURFIT-STONE CONTAINER CORPORATION
By: /s/ Michael Osulo
Name: Michael Osulo
Title: SVP