Wednesday, September 28, 2011 4:47:18 PM
" For the purpose of facilitating JBI’s use of the License Area, subject to the terms and conditions hereinafter set forth, RockTenn hereby grants to JBI an exclusive license, that may not be terminated until the earlier of the expiration of the Term as described in an Agreement Addendum or earlier termination of this Agreement provided herein, to operate the AST System, the Pad, the Steel Shed, Plastic Feedstock from any RockTenn Facility covered by an Agreement Addendum,any RockTenn Facility landfill covered by an Agreement Addendum and the JBI Machines for the sole purpose of producing Fuel."
Here is a list of what NYSE: RKT approved as EXCLUSIVE. Pay particular attention to the bold:
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. covered by an Agreement Addendum
2. Process RockTenn's waste plastic from paper mills and material recovery facilities (MRF). covered by an Agreement Addendum
3. Mine and process plastic feedstock from plastic-filled monofill sites. covered by an Agreement Addendum
Currently JBI has no Agreement Addendum.
"What we have here is a failure to communicate, some men you just can't reach"
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