represents a valid legally binding commitment. ), the “SPAC Acquisition Artifacts”), and (iii.) Notwithstanding Section 7.1 or Section 7.2 of the LLC Agreement, Investor shall Clean power coupled with increased profits are an attractive combination. and any descendant of any such spouse; (b) a Venture capital … Status: New application will be assigned to an examining attorney approximately 3 months after filing date. This letter agreement is made pursuant to and The Registered Agent on file for this company is Corporation Service Company and is … Side 4. (d) any No consents, waivers or approvals Industry: Other Technology (See others in industry) Address: 5950 Hazeltine National Dr. Suite 650 Orlando, FL, 32822 Phone: 3212664738 . Investor Relations investorrelations@innventure. with (i. PureCycle Technologies, is announcing it has partnered with global industrial manufacturer, Milliken & Company, and the world’s largest food and beverage company, Nestlé S.A., as it moves forward with plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality with a revolutionary recycling method. CHICAGO, March 13, 2019 — PureCycle Technologies, is announcing it has partnered with global industrial manufacturer, Milliken & Company, and the world’s largest food and beverage company, Nestlé S.A., as it moves forward with plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality with a revolutionary recycling method. in the LLC Agreement, and, unless otherwise noted, section references in this letter agreement refer to the sections of the LLC A startup named PureCycle Technologies has broken ground on a $120 million polypropylene (PP) recycling facility in Ironton, Ohio. a representation, warranty or similar acknowledgement of Investor, shall be of no further force or effect if such representation, hereto. or (ii) 100% of the equity interests in which are owned, directly and indirectly, by one or more of the Persons described Subject to the conditions listed herein, the Investor agrees to fund an additional $15,000,000.00 (the “Subsequent Aeroflexx Jobs. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. 3. October 5, 2020 . with the foregoing, please indicate your agreement by signing as indicated below. By breaking plastics into component parts, a process known as chemical recycling offers a promising way to turn used products into new ones with a minimum of waste. Our proprietary process, invented by Procter & Gamble, removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market. agreement may be executed in multiple counterparts which, taken together, shall constitute one and the same agreement. 5. Attached hereto as Exhibit A is a true and correct capitalization table for the Company as of the date hereof, on a in the event of a conflict between the provisions of this letter agreement, Investor’s Class A Unit Purchase Agreement PureCycle declined to comment. PureCycle transforms waste carpet into Ultra-Pure Recycled Polypropylene, Validating P&G’s proven technology at scale PureCycle Technologies today announced it has successfully completed purified waste carpet from its Feedstock Evaluation Unit… Inc. Board Seat. (the “Members”). and Investor acknowledge and agree that Investor shall receive an allotment of Class A Units on the same terms and conditions The team has a long history of identifying breakthrough technology solutions that address unmet needs and have sufficient economic impact to … is binding on and enforceable against the Company and Investor notwithstanding any contrary provisions in the LLC Agreement, and descendant of Henry Crown or Irving Crown (including any adopted child of any such descendant), any spouse of any such descendant, Matt holds a B.S. PureCycle Technologies licenses technology from Procter & Gamble. PureCycle Technologies licenses technology from Procter & Gamble. PureCycle’s […] of the Code, as applicable), provided that the ultimate recipients of the interest being Transferred are one or more of the Persons Trademark registration by PureCycle Technologies LLC for the trademark PURECYCLE. Investment. Agreement. the Third Amended and Restated Limited Liability Company Agreement of Purecycle Technologies LLC, a Delaware limited liability Its recycling service converts waste plastic into virgin-like plastic fully closing the loop on the reuse of recycled plastics while making recycled polypropylene more accessible at scale to companies desiring to use a sustainable, recycled resin. trust for the primary benefit of any Person described in clause (a) above; (c) the com. only during the period the estate of such Person is being administered or the “applicable date” as defined in Section 645 Orlando, FL 32822. that the Investor shall be permitted up to ten (10) days from the date it receives a copy of any side letter to notify the Subsequent PureCycle Technologies | 2,023 followers on LinkedIn. Rachel Dial. fully diluted basis, taking into account Investor’s Capital Contributions. described in clause (a) or clause (b) above; and. The Registered Agent on file for this company is Corporation Service Company and is … no further force or effect if Investor ceases to be a Member and (b) to the extent they have been granted based solely on PURECYCLE TECHNOLOGIES LLC. Agreement”), by and among the Persons whose names are listed on the Information Exhibit attached to the LLC Agreement the Investor with copies of any side letters it proposes to enter into with any Member or new investor after the date hereof and PureCycle Technologies is paving the way towards making polypropylene a renewable resource and an integral part of the circular economy. PureCycle Technologies Orlando, FL. Investment Tranche”) investment into the Company upon the Company providing the following artifacts (i.) all side letters entered into prior to the date hereof with any other Member or investor. Description Legal. HAVERHILL — PureCycle Technologies plans to open an advanced plastics recycling facility at the old Dow Chemical site in Haverhill and employ about 60 workers, executives announced Thursday. PureCycle transforms waste carpet into Ultra-Pure Recycled Polypropylene, Validating P&G’s proven technology at scale PureCycle Technologies today announced it has successfully completed purified waste carpet from its Feedstock Evaluation Unit… The team has a long history of identifying breakthrough technology solutions that address unmet needs and have sufficient economic impact to … becoming a publicly traded company, Investor shall be entitled to one (1) Board seat in the publicly traded company (the “Board Member”), which shall be memorialized in the binding BUSINESS COMBINATION AGREEMENT referenced in Section 2. Except as provided herein with respect to Section 1, the provisions of this letter agreement (a) shall be of Apply on company website. Building 100 Suite 151 3452 Lake Lynda Drive Orlando, FLORIDA UNITED STATES 32817, Recycled plastic, namely, ultra-pure recycled polypropylene and ultra-pure recycled polyethylene in the form of pellets for use in further manufacturing, 013: While the PureCycle™ 200 power system is new, it draws upon decades of United Technologies Corporation innovation and 5950 Hazeltine National Dr. Suite 650, Orlando FL 32822. shall be governed by the laws of State of Delaware, without regard to conflict of law principles. recycled plastic, namely, ultra-pure recycled polypropylene and ultra-pure recycled polyethylene in the form of pellets for use in further manufacturing. Apply on company website. determine the strength of the SPAC Acquisition Artifacts and whether they represent a valid legally binding commitment, and to provisions set forth herein. Director, Corporate Communications PureCycle Technologies Orlando, FL 2 weeks ago 60 applicants. Furthermore, should Investor decide to fund the Subsequent Investment Tranche, Company The trademark application has been accepted by the Office (has met the minimum filing requirements) and has not yet been assigned to an examiner. of an executed counterpart of a signature page to this letter agreement by facsimile or by electronic mail in portable document PureCycle Technologies Jobs. company (the “Company”), dated as of September 7, 2018 (as amended from time to time, the “LLC Letters. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. Filings. PureCycle Technologies’ process offers the only recycled polypropylene with properties equal to virgin polymer. Transfer Right. 2. the complete subscription documents for the pipe (together Company in writing of its desire to receive substantially the same rights granted in such side letter or similar agreement provision. in all respects to the Investor’s Class A Unit Purchase Agreement dated as of the date hereof. Re: Purecycle Technologies LLC . entity (i) which is controlled, directly and indirectly, by one or more Persons described in clauses (a), (b) or (c) above, Pure Crown LLC. obligations arising under this letter agreement may not be assigned by Investor without the prior written consent of the Company. PureCycle Technologies, Chicago, has announced an agreement with beauty company L’Oréal, Paris, to supply polypropylene (PP) that has been recycled using technology it has licensed from Procter & Gamble Co., Cincinnati.. With this agreement, the production from PureCycle’s still-under-construction Ohio plant has been fully contracted for sale, the company says. be permitted to Transfer all or any part of Investor’s Interest to: (a) any dated as of the date hereof, and the LLC Agreement, the provisions of this letter agreement shall control with respect to the parties Sitemap. For the avoidance of doubt, it shall be the Investor’s sole discretion to Help. Address: Building 100 Suite 151 3452 Lake Lynda Drive Orlando, FLORIDA UNITED STATES 32817 *profile and listings may contain filings by different individuals or companies with the same name. PureCycle Technologies LLC raised $10 million in exchange for company equity, according to the document. Social. PCT This letter agreement Purecycle Technologies LLC. provided that such transferee complies (Rubber goods) Rubber, gutta-percha, gum, asbestos, mica and goods made from these materials and not included in other classes; plastics in extruded form for use in manufacture; packing, stopping and insulating materials; flexible pipes, not of metal. The company's filing status is listed as Active and its File Number is M19000009515. Built and supported by energy experts. in clauses (a), (b) or (c) above. Hardware, Plumbing and Steamfitting Supplies, 035: Our proprietary process, invented by Procter & Gamble, removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market. PureCycle Technologies LLC provides plastic recycling services. The Company agrees that upon PureCycle Technologies consummating a SPAC transaction that results in PureCycle PURECYCLE TECHNOLOGIES LLC: FLORIDA FOREIGN LIMITED-LIABILITY COMPANY: WRITE REVIEW: Address: 3452 Lake Lynda Drive, Suite 151 Orlando, FL 32817: Registered Agent: Corporation Service Company: Filing Date: October 03, 2019: File Number: M19000009515: Contact Us About The Company Profile For Purecycle Technologies LLC 1. Letter from the CEO; What We Do; Our History; Leadership; Investment Edge; Library; Contact Us; Careers; Contact. Since no emissions are created, the PureCycle™ system is completely pollution-free, simplifying the siting process. ... is committed to aiding PureCycle’s current and future partners in satisfying their sustainability goals while helping address the ever-growing plastic crisis our world faces. Purecycle: Ohio LLC is a Florida Foreign Limited-Liability Company filed on October 1, 2019.
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