On May 11, 2022, PureCycle Technologies, Inc. and David W. Brenner entered into a separation agreement, effective May 13, 2022, setting forth the terms of Mr. Brenner's separation from the Company. Pursuant to the Separation Agreement, Mr. Brenner will no longer serve as the Chief Commercial Officer of the Company effective May 13, 2022 and Mr. Brenner's last day of employment with the Company will be September 30, 2022, or earlier date as determined by the Company solely in its option.