Plastic2Oil Inc (PTOI)

[BRIG_88]

Form 8-K for JBI, INC.

4-Aug-2011

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement.
On July 29, 2011, JBI, Inc. ("JBI" or the "Company") and RockTenn Company
("RockTenn") entered into a Master Revenue Sharing Agreement (the 'Agreement")
for a ten (10) year term with an automatic 5 year renewal term.

In accordance with the terms and provisions of the Agreement, JBI has an exclusive 10-year license to the following:
1. Build and operate Plastic2Oil processors at RockTenn facilities.
2. Process RockTenn's waste plastic from paper mills and material recovery facilities (MRF).
3. Mine and process plastic feedstock from plastic-filled monofill sites.
4. Monofill sites contain years of waste plastic from mills.
5. Waste plastic from RockTenn facilities exceeds thousands of tons per day.