Page 7 - Footprint Employee Handbook - US 2021

OVERVIEW AND HISTORY OF FOOTPRINT

Since its inception in 2013, Footprint has had a clear mission – to develop the process technologies and
materials that enable companies and their respective industries to eliminate single use plastics.

Plastics pose a tremendous environmental threat:
✓ Over 33 million tons of plastic are dumped into
landfills annually in the U.S. alone
✓ More than 5 trillion pieces of plastic weighing over
250,000 tons remain afloat at sea
✓ 94% of U.S. tap water is contaminated with plastic
✓ At current rates, by 2050 there will be more plastic in
the ocean than fish by weight
✓ Plastic infiltrates our food supply and our habitable
lands creating tremendous health risks to our
population and our planet

Even worse, despite popular belief, most plastics are not or cannot be recycled:
✓ 40% of all plastics end up in the landfill
✓ 32% of all plastics end up leaking out of the system
and pollute the environment
✓ 14% of all plastics are burned for energy
✓ 8% of all plastics are downcycled into other plastic
materials until they must eventually be thrown out
✓ 4% of all plastics are lost during down-cycling
✓ Only 2% of plastics are recycled, with most of these
being specialized industrial uses
✓ China’s January 2018 bans on imported waste
exacerbated these problems

With 63% of all plastic waste coming from packaging, co-founders Troy Swope (CEO) and Yoke Chung
(CTO) created Footprint to strategically focus on the packaging market with a simple, yet powerful, vision:
Eliminate Plastic, Protect the Environment.

Footprint has assembled a unique team to create, design, develop, and manufacture disruptive molded
fiber packaging solutions that are revolutionizing industries.

PURPOSE OF THIS EMPLOYEE HANDBOOK

The Employee Handbook (“Handbook”) is created to acquaint you with Footprint and provide a reference for
questions regarding your employment with us. The contents of this Handbook, however, constitute only a summary
of the employee benefits, personnel policies, and employment regulations in effect at the time of publication. This
Handbook is not a contract and should not be construed as creating any kind of “employment contract,” express or
implied, since the Company has the ability to prospectively add, change, delete or modify policies, benefits, wages,
and all other working conditions as it deems appropriate in its sole discretion without obtaining another person’s
consent or agreement.

Healthy Planet. Healthy People 6 | P a g e