April 13, 2011 CONFIDENTIALLetter Agreement • May 4th, 2011 • Jbi, Inc. • Wholesale-electrical appliances, tv & radio sets • Ontario
This letter agreement (this "Agreement") sets forth the mutual understanding of JBI, Inc. ("JBI") and Smurfit-Stone Container Corporation ("Smurfit-Stone"). Smurfit-Stone, together with JBI constitute the "Parties" and each, a "Party" with respect to a referral arrangement. JBI has developed a proprietary process (the "Plastic2OilTM Process") to convert waste plastic ("Plastic Feedstock") into 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 may be producing significant amounts of feedstock, that may be referred to JBI. Smurfit-Stone shall refer those clients to JBI in order for JBI to leverage the Plastic2OilTm Process. "Person" shall be shall mean any natural person, corporation, legal person, business trust, joint venture, association, company, limited liability company, partnership or government,
