LOOP INDUSTRIES, INC. (OTCMKTS:LLPP) Files An 8-K
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Posted On: 03/29/2017 9:23:30 PM
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 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 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.
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 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.
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