PureCycle and Procter & Gamble Amend License Agreement; Waive Claw-Back for North America

PureCycle Technologies, Inc.

P&G permanently waives license claw-back provisions for PureCycle's North American plants.
Construction deadlines extended: Europe/Asia by Dec 31, 2027; Greater China/Latin America by Dec 31, 2032; Africa by Dec 31, 2037; sales deadlines respectively in 2030, 2035, 2040.
Amendment defines a plant as a single site with multiple purification lines and limits royalties to pro-rata recycled polypropylene in compounded products.
PureCycle LLC granted consent to assign the license agreement to PureCycle Technologies, Inc. without P&G's approval.
PureCycle agrees to release Koch Modular Process Systems from restrictions to consult P&G on polyethylene dissolution recycling.

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