SEC Contract Filing

Filing Date: 2017-05-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>llpp_ex102.htm
<DESCRIPTION>SUBSCRIPTION AGREEMENT
<TEXT>

<html><head><title>iipp_ex102.htm</title><!--Document Created by EDGARMaster--></head><BODY style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b style="MARGIN: 0px"><b>EXHIBIT 10.2</b></b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px" align="center"><b>SUBSCRIPTION AGREEMENT</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px" align="center">May 22, 2015</p>
<p style="MARGIN: 0px">&nbsp;</p>
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<p style="MARGIN: 0px">To: </p></td>
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<p style="MARGIN: 0px">Loop Holdings, Inc. / Loop Industries, Inc. </p>
<p style="MARGIN: 0px">1999 Avenue of the Stars, Suite 2520</p>
<p style="MARGIN: 0px">Los Angeles, California 90067</p></td></tr></table></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px" align="justify">Attention: Daniel Solomita, President</p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">1. <u>Subscription</u>.</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px">1. This Subscription Agreement pertains to the offering by Loop Holdings, Inc. a Nevada corporation (the &#8220;Company&#8221;), of warrants to purchase shares of the Company&#8217;s common stock, between the Company and the undersigned (&#8220;Purchaser&#8221;). The warrants and the shares of common stock underlying the warrants, depending upon the circumstances, collectively referred to herein as the &#8220;Securities.&#8221;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">The Purchaser, intending to be legally bound, hereby offers to purchase from the Company a warrant to purchase 200,000 shares of common stock. Such warrant shall have an exercise price of $0.80 per share of common stock, have a term of two years, and the shares underlying such warrant shall vest upon issuance of the warrant. The consideration paid by the Purchaser for the warrant is an introduction by Purchaser to the Company of a business relationship, which consideration the Company acknowledges is fully paid and received.</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Additionally in each instance Purchaser introduces the Company to a business relationship whereby the Company purchases not less than 30,000 metric tons of PTA, EG or PET resin or Loop purchases a minimum of 30,000 metric tons of waste PET scrap, the Company shall issue to Purchaser a fully-vested warrant to purchase 80,000 shares of common stock, at an exercise price of $0.80 per share, with a term of two years.</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">If, at any time before the Company shall propose to register common stock under the Securities Act of 1933, as amended (the &#8220;U.S. Securities Act&#8221;) (other than in a registration on Form S-3 relating to sales of securities to participants in a Company dividend reinvestment plan, Forms S&#8209;4 or S-8 or any successor forms, or in connection with an acquisition or exchange offer or an offering of securities solely to the existing shareholders or employees of the Company), the Company shall give prompt written notice to the undersigned of its intention to effect such a registration and, subject to the other terms of this Subscription Agreement, shall include in such registration all shares of common stock underlying the warrant that are permitted under applicable securities laws to be included in the form of registration statement selected by the Company and with respect to which the Company has received a written request for inclusion therein by the undersigned within 10 days after the receipt of the Company&#8217;s notice.</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">By execution of this Subscription Agreement, the Purchaser hereby acknowledges that it understands that the Company is relying upon the accuracy and completeness of all information it has entered herein and all representations and warranties it has made hereunder in complying with the Company&#8217;s obligations under applicable U.S. federal and state securities laws.</p>
<p style="MARGIN: 0px">&nbsp;</p>
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<p style="MARGIN: 0px; TEXT-INDENT: 45px">2. <u>General Representations</u>. The Purchaser represents, acknowledges and agrees that:</p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 90px">(a) it is not a &#8220;U.S. person&#8221; as that term is defined in Regulation S<sup>1</sup>, promulgated under the Securities Act of 1933; and</p>
<p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p>
<p style="MARGIN: 0px; TEXT-INDENT: 90px">(b) it will not be purchasing Securities for the account or benefit of any U.S. Person; the offer was not made to the Purchaser when it was in the United States; at the time the Purchaser&#8217;s buy order was delivered to the Company, the Purchaser was outside the United States; the Subscriber received and accepted this subscription and entered into this Agreement in its jurisdic