Loop Industries, Inc. — Director's Dealing 2021

Feb 23, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

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

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.0001 per share	1021499	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (Right to Buy)	$11.00	2022-06-14	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, Northern Private Capital Fund I Limited Partnership, a Canadian limited partnership ("NPC I LP"), 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: Pursuant to the Offering, NPC I LP acquired 4,093,567 shares of common stock of the Issuer, $0.0001 par value per share ("Common Stock"), and 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, NPC I LP has held 1,021,499 shares of Common Stock and 1,031,579 Options in trust for NPC I NR LP (as defined below), a sister limited partnership also controlled by NPC I LP's general partner, Northern Private Capital GP I Ltd. On September 22, 2020, NPC I LP transferred registered ownership of the 1,021,499 shares of Common Stock and 1,031,579 Options to Northern Private Capital Fund I Non-Resident Limited Partnership, a Canadian limited partnership ("NPC I NR LP") managed by Northern Private Capital Ltd., the manager of NPC I LP.

F3: 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.