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EX-10.1 - PURCHASE ORDER - Plastic2Oil, Inc.f8k050511ex10i_jbi.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2011

JBI, INC.
(Exact Name of Registrant As Specified In Charter)

Nevada
 
000-52444
 
20-4924000
(State or other jurisdiction of
incorporation or organization)
 
(Commission File Number)
 
(IRS Employee Identification No.)
 
1783 Allanport Road Thorold, Ontario L2R 3A6
(Address of Principal Executive Offices)
 
(905) 384 4383
(Registrant’s Telephone Number, Including Area Code)
 
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 
o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 
o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 
o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
 

 

 
Item 1.01 Entry into a Material Definitive Agreement.

On May 5, 2011, JBI, Inc. (“JBI” or the “Company”) and Oxy Vinyl Canada Co. (“Oxy Vinyl”) entered into a Purchase Order Agreement (the ‘Agreement”). Pursuant to the Agreement, Oxy Vinyl has agreed to purchase approximately 214 of JBI’s low sulphur heating oil at a cost of 109.80 per barrel.

The foregoing description of the Agreement is not intended to be complete and is qualified in its entirety by the complete text of the Agreement attached as an exhibit to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
 
Exhibit No.
 
Description of Exhibit
10.1
 
Purchase Order between JBI, Inc. and Oxy Vinyl Canada Co. dated May 5, 2011


 
 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized
 
 
JBI, INC.
     
Date:  May 9, 2011.
By:
/s/ John Bordynuik
   
John Bordynuik
   
President & Chief Executive Officer