LOOP INDUSTRIES, INC. : Entry into a Material Definitive Agreement (form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On January 12, 2021, Loop Canada Inc., a wholly-owned subsidiary of Loop Industries, Inc. (the "Company"), entered intoan agreement (the "Agreement") with Chemtex Global Corporation ("Chemtex") to acquire PET polymerization equipment from Chemtex to manufacture limited quantities of Loop™ branded PET resin at its demonstration plant to better support the Company's Infinite LoopTM commercialization projects and have the capability to supply select customers.

The foregoing summary is qualified in its entirety by reference to a copy of the Agreement, which will be filed as an exhibit to the Company's annual report on Form 10-K for the period ended February 28, 2021.

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