BP to terminate offtake agreement
" BP is permitted to terminate the BP Offtake Agreement if either: (i) the Corporation has not secured financing by December 31, 2021, for the total amount required to construct the USGC Facility; or (ii) commercial operations have not occurred within two years of the date by which the Corporation is required to secure the total amount of financing to construct the Facility. The BP Offtake Agreement also provides BP with a right of first look to purchase (i) the offtake on any future facilities that will produce similar products; and (ii) the ability to purchase new products made by the Corporation."