Loop Industries, Inc. — Form 10-Q

On 4 February 2026, Loop Industries, Inc. entered into a Marketing Agreement and License Agreement with Ester Industries Limited and their joint venture entity Ester Loop Infinite Technologies Private Limited (formed 1 May 2024). Loop grants the JV exclusive license to manufacture rDMT/rMEG and specialty polymers in India using Loop's proprietary depolymerization technology. The JV pays Loop tiered royalties (0–[***]% of net sales, subject to floors/caps ranging $0–$40M+) and marketing services fees ([***]% to [***]%, with floors of $15M–$25M+), calculated on fiscal-year net sales. Loop retains all sales marketing rights; the JV manufactures and fulfills orders. Specific royalty percentages and fee percentages are redacted as confidential. The agreements are perpetual unless terminated under specified conditions (breach, non-payment with 120-day cure, Marketing Agreement termination).