1) On February 19, 2014, JBI, Inc. (the "Company"

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1) On February 19, 2014, JBI, Inc. (the "Company" entered into Subscription Agreements (the "Purchase Agreements" with three investors (the "Purchasers" in connection with a private placement of shares of the Company's common stock and warrants to purchase shares of common stock (the "Warrants". Pursuant to the Purchase Agreements, the Company agreed to sell and issue to the Purchasers an aggregate of 2.4 million shares of its common stock and Warrants to purchase up to an additional 2.4 million shares of its common stock. The closings of the transactions under the Purchase Agreements occurred between February 19 and 24, 2014. The purchase price per share was $0.05 and the gross proceeds to the Company were $120,000. The Warrants have a three year term, and an initial exercise price of $0.10 per share of common stock. The Company granted "piggyback" registration rights under certain circumstances with respect to the shares issued at the closing and the shares issuable upon exercise of the Warrants.

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Most notably, the Company is working very closely with a highly regarded national engineering firm and its clients to complete sales of processors, which such firm is currently qualifying the JBI 'Flagship Processor' for sales to its clients. The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components. In addition to its sales assistance, Company Management anticipates having the engineering firm install, operate and maintain processors as well as provide all auxiliary support systems. This will enable Management to focus on potential customer implementations. The Company has refined its 'Flagship Processor' to commercial ready standards and it is ready for sale.

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