Loop Energy Inc. — Regulatory Filings 2021

Feb 18, 2021

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February 18, 2021

FILED VIA SEDAR

Alberta Securities Commission Autorité des marchés financiers British Columbia Securities Commission Financial and Consumer Affairs Authority of Saskatchewan Financial and Consumer Services Commission, New Brunswick Manitoba Securities Commission Nova Scotia Securities Commission Office of the Superintendent of Securities Service, Newfoundland and Labrador Office of the Superintendent of Securities, Prince Edward Island Ontario Securities Commission

Dear Sirs/Mesdames:

Re: (Final) Long-Form Prospectus of Loop Energy Inc. (the “Issuer”) dated February 18, 2021 (the “Prospectus”)

We refer to the Prospectus of the Issuer relating to the distribution of common shares of the Issuer.

We hereby consent to the use of and reference to our name and legal opinions contained in the Prospectus under the headings “Eligibility for Investment”, “Certain Canadian Federal Income Tax Considerations” and to the use of and reference to our name on the inside of the cover page of the Prospectus and under the heading “Experts”.

We have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in it that are derived from our legal opinions provided in the Prospectus or within our knowledge as a result of the services performed by us in connection with such opinion.

Yours truly,

“Goodmans LLP”

GOODMANS LLP