Plastic2Oil Inc (PTOI)

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The Series B Preferred Stock is convertible at the election of the Reporting Person into shares of common stock, par value $0.001 per share, of JBI, Inc. ("Common Stock"), at the rate of seven (7) shares of Common stock for each share of Series B Preferred Stock (subject to proportional adjustment for stock splits, combinations, consolidations, stock dividends, stock distributions, recapitalizations, reorganizations, reclassifications and other similar events). Upon any conversion, the Reporting Person must convert all shares of Series B Preferred Stock then held by the Reporting Person. All shares of Series B Preferred Stock that remain outstanding on June 30, 2014 shall be automatically converted into Common Stock.