Loop Industries, Inc. — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Loop Industries, Inc. (LOOP)
CIK: 0001504678
Period of Report: 2020-09-22

Reporting Person: Northern Private Capital Fund I Limited Partnership (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-22	Common stock, par value $0.0001 per share	J	1021499	—	Disposed	3032068	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-22	Option (right to buy)	$	J	1031579	Disposed		Common Stock, par value $0.0001 (1031579)	Direct

Footnotes

F1: On May 29, 2019, Loop Industries, Inc. (the "Issuer") entered into a securities purchase agreement by and among the Issuer, the Reporting Person, and Daniel Solomita ("Solomita"), in his individual capacity and solely for the purposes of the voting arrangement (the "SPA"). On June 14, 2019, the parties to the SPA entered into an amendment to such SPA, and closed on the registered direct offering (the "Offering").

F2: Since the date of the Offering, the Reporting Person has held 1,021,499 shares of Common Stock acquired in the Offering in trust for Northern Private Capital Fund I Non-Resident Limited Partnership ("NPC I NR LP"), a sister limited partnership controlled by NPC I LP's general partner, Northern Private Capital GP I Ltd., and managed by Northern Private Capital Ltd., which is also the manager of the Reporting Person. On September 22, 2020, the Reporting Person transferred registered ownership of 1,021,499 shares of Common Stock to NPC I NR LP.

F3: Pursuant to the Offering, the Reporting Person acquired options to purchase up to an additional 4,093,567 shares of Common Stock at an exercise price of $11.00 per share, which vested on December 15, 2019 and are exercisable until June 14, 2022 (the "Options"). Since the date of the Offering, the Reporting Person has held 1,031,579 Options in trust for NPC I NR LP. On September 22, 2020, the Reporting Person transferred registered ownership of 1,031,579 Options to NPC I NR LP.

F4: The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.