ASSET PURCHASE AGREEMENTAsset Purchase Agreement • February 16th, 2012 • Jbi, Inc. • Wholesale-electrical appliances, tv & radio sets • New Jersey
THIS ASSET PURCHASE AGREEMENT, dated as of the 10th day of FEBRUARY, 2012 (to be effective as of DECEMBER 31, 2011 (the “Effective Date”)), by and among JBI, INC., a corporation of the State of Nevada, whose address is 1783 Allanport Road, Thorold, Ontario, L0S 1K0 Canada (hereinafter referred to as “JBI” or “Seller”), and Big 3 Packaging, LLC, a limited liability company of the State of New Jersey, whose address is c/o Steven R. Lehr, P.C., 33 Clinton Road, Suite 100, West Caldwell, New Jersey 07006 (hereinafter referred to as "Buyer"). Buyer and Seller are hereinafter, at times, collectively referred to as the "Parties" or individually, at times, referred to as a "Party", and this Asset Purchase Agreement is hereinafter, at times, referred to as the "Agreement".
