Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement. On June 10, 2011, JBI, Inc. ("JBI" or the "Company") and Coco Asphalt Engineering, a division of Coco Paving, Inc. ("Coco Asphalt") entered into a Supply and Service Agreement (the 'Agreement"). Pursuant to the Agreement, the Company has agreed to supply Coco Asphalt on a weekly, per demand basis with petroleum distillate at a cost of $109.80 per barrel.
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