|Hatam Essadam (Essaddam)|
The depolymerization technology underlying the business of Loop Holdings was originally developed by Hatem Essaddam, who sold the depolymerization technology to Loop Holdings for a purchase price of up to $445,050 and contingent consideration consistent in up to CDN$800,000 pursuant to an Intellectual Property Assignment Agreement dated October 27, 2014, by and among Hatem Essadam, Loop Holdings, and Daniel Solomita, our President and Chief Executive Officer, Secretary, Treasurer and Chairman of the Board of Directors.
2: EX-10.1 Intellectual Property Assignment Agreement http://www.secinfo.com/d1D393.m6gv.d.htm#1stPage
EX-10.8 Addendum to the Intellectual Property Assignment http://www.secinfo.com/d1D393.m6gv.c.htm#1stPage
Effet de la micro-cellulose type I de Ventix incorporée à des matériaux composites Dr. Hatem Essaddam Ph. D.http://www.cdcq.qc.ca/wp-content/uploads/2012/04/9_Hatem_Essaddam_Effet_microcellulose_type_I_composites.pdf
Our depolymerization of polyethylene terephthalate (PET) process is completed through a series of chemical reactions. The resulting monomers of the depolymerization is purified terephthalic acid and ethylene glycol.
Our depolymerization process is summarized as follows:
PET bottles are shredded into 5 mm size pieces;
Shredded PET is put into a large reactor, where certain chemicals are added;
Purified terephthalic acid (solid) and ethylene glycol (liquid) and mother liquor are separated using a combination of centrifugation and distillation;
The mother liquor is returned to the reactor to be reused in the process; and
Purified terephthalic acid and Ethylene Glycol are processed and packaged.
|3.1.5||Intellectual Property Rights.|
| ||(a)||Other than a patent application submitted to the French patent office which was subsequently withdrawn, there are no Intellectual Property Rights in respect of the Technique which have been registered, or for which applications for registration have been filed, by or on behalf of the Assignor in any jurisdiction.|