Loop Industries Inc. (LOOP)

[Ubertino]

Item 1.01 Entry into a Material Definitive Agreement

On February 28, 2017, Loop Industries, Inc., a Nevada corporation (the “Company”), entered into an agreement for services (the “Agreement”) with an affiliate of PepsiCo, effective as of January 1, 2017. On the same day, the Company and PepsiCo entered into a statement of work pursuant to the Agreement whereby the Company will manage a mail back recycling program for certain specified products sold by PepsiCo and its affiliates, divisions and subsidiaries, including providing materials for mailing recyclables to the Company and processing the returned items. PepsiCo will pay the Company for the costs of the mailing materials, the mail back and shipping costs, and a management fee.

The Agreement expires on the later of (i) December 1, 2017 and (ii) the completion of all outstanding, executed statements of work, unless earlier terminated by PepsiCo pursuant to the terms of the Agreement.

The foregoing description of the Agreement is a summary and is qualified in its entirety by the terms of the Agreement. A copy of the Agreement will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended February 28, 2017.

http://irdirect.net/filings/viewer/index/1504678/000147793217001359/