LOOP INDUSTRIES, INC. (OTCMKTS:LLPP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

On September 24, 2018, Loop Innovations, LLC (the “Loop Member”), a wholly-owned subsidiary of Loop Industries, Inc. (the “Company”), entered into an equity joint venture with Indorama Ventures Holdings LP (the “Indorama Member”), a wholly-owned subsidiary of Indorama Ventures PCL (“Indorama”), by their execution of the Limited Liability Company Agreement (the “LLC Agreement”) of Indorama Loop Technologies, LLC, a Delaware limited liability company (the “JV Entity”). The JV Entity will retrofit, own and operate chemical upcycling polyester resin plants. The Loop Member and the Indorama Member each hold a fifty percent economic and voting interest in the JV Entity.

to the LLC Agreement, (i) the Company is required to deliver a guaranty for the benefit of the Indorama Member and the JV Entity guaranteeing all of the Loop Member’s obligations under the LLC Agreement and (ii) Indorama is required to deliver a guaranty for the benefit of the Loop Member and the JV Entity guaranteeing all of the Indorama Member’s obligations under the LLC Agreement.

Concurrently with the execution and delivery of the LLC Agreement, the Company and the JV Entity entered into a License Agreement (the “License Agreement”) to which the Company licensed certain intellectual property to the JV Entity relating to the production of dimethylterepthalate and monoethylene glycol from waste polyethylene terephthalate (“PET”).

Concurrently with the execution and delivery of the LLC Agreement, the Company and the JV Entity entered into a Marketing Agreement (the “Marketing Agreement”, together with the License Agreement and the LLC Agreement, the “Agreements”) to which the Company will market and sell the recycled or upcycled PET resins manufactured by the JV Entity.

The foregoing description of the Agreements does not purport to be complete and is qualified in its entirety by reference to the Agreements, a copy of which are filed herewith as Exhibit 10.1 and are incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

The information set forth in this Item 7.01 is intended to be furnished under Item 7.01 of Form 8-K (Regulation FD Disclosure). This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. In addition, this information shall not be incorporated by reference into any registration statement filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

To satisfy its obligations under Regulation FD, Loop Industries, Inc. is furnishing an investor presentation that is separately being provided to investors. The presentation slides will be posted on our web site for at least a period of thirty days (http://www.loopindustries.com/en/investors/home). The Forward-Looking Statements disclosure included in the presentation slides is incorporated into this Item 7.01 by reference.

Investors and others should note that we announce material financial information to our investors using our investor relations web site (http://www.loopindustries.com/en/investors/home), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media, to communicate with our members and the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage investors, the media, and others interested in our company to review the information we post on the United States ("U.S.") social media channels listed on our investor relations web site.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Loop Industries, Inc. Exhibit
EX-10.1 2 loop_ex101.htm LIMITED LIABILITY COMPANY AGREEMENT loop_ex101.htmEXHIBIT 10.1   Execution Copy   LIMITED LIABILITY COMPANY AGREEMENT   of   INDORAMA LOOP TECHNOLOGIES,…
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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.