LOOP INDUSTRIES, INC. (OTCMKTS:LLPP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers

On June 30, 2017, the stockholders of Loop Industries, Inc., a
Nevada corporation (the Company), elected Leslie A. Murphy as a
member of the board of directors of the Company (the Board). In
addition, Ms. Murphy is expected to be appointed to the Audit
Committee of the Board as its chair.

In connection with her election to the Board and appointment to
the Audit Committee, the Company plans to grant Restricted Stock
Units to Ms. Murphy with a value of $150,000.

Ms. Murphy executed the Companys standard form of indemnification
agreement, a copy of which is filed as Exhibit 10.1 to this
Current Report on Form 8-K.

Item 8.01. Other Events

Adoption of Form of Indemnification
Agreement

On June 14, 2017, the Board approved a new form of
indemnification agreement (the Form of Indemnification Agreement)
to enter into with itscurrent and future directors and executive
officers, which is filed as Exhibit 10.1 to this Current Report
on Form 8-K. The Form of Indemnification Agreement replaces the
previous form of Indemnification Agreement filed as Exhibit 10.10
to the Companys Annual Report on Form 10-K, filed on May 30,
2017.

Adoption of Revised Audit Committee
Charter

On June 14, 2017, the Board revised the Audit Committee Charter
(the Revised Audit Committee Charter), which is filed as Exhibit
99.1 to this Current Report on Form 8-K. The Revised Audit
Committee Charter replaces the previous Audit Committee Charter
filed as Exhibit 99.1 to the Companys Current Report on Form 8-K,
filed on January 31, 2017.

Item 9.01. Financial Statements and Exhibits

(d)Exhibits.

Loop Industries, Inc. Exhibit
EX-10.1 2 llpp_ex101.htm FORM OF INDEMNIFICATION AGREEMENT llpp_ex101.htm  EXHIBIT 10.1   LOOP INDUSTRIES,…
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About LOOP INDUSTRIES, INC. (OTCMKTS:LLPP)

Loop Industries, Inc., formerly First American Group Inc., is a manufacturer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), the chemical components used in manufacturing polyethylene terephthalate (PET). The Company is engaged in designing, prototyping and building a closed loop plastics recycling business using a de-polymerization technology. Its technology uses waste PET plastics, such as water bottles, soda bottles, consumer packaging, carpets and industrial waste as feedstock to process. These feedstocks are available through municipal triage centers, industrial recycling and landfill reclamation projects. The Company operates in the United States and Canada. The Company focuses on depolymerizing waste plastics and converts them into valuable chemicals, ready to be reintroduced into the manufacturing of virgin plastics.