On July 5, 2023, certain subsidiaries of Global Clean Energy Holdings, Inc. entered into Amendment No. 13 to the senior secured term loan Credit Agreement by and among BKRF OCB, LLC, as the borrower, BKRF OCP, LLC, as the pledgor, Bakersfield Renewable Fuels, LLC, Orion Energy Partners TP Agent, LLC, in its capacity as the administrative agent and the Tranche A, Tranche B, Tranche C and Tranche D lenders party thereto. Amendment No.

13 provides for, among other things, a new $110 million Tranche D term loan facility (which may be increased up to $140 million upon the consent of the Required Lenders (as defined therein)), of which $36 million has been committed. Such committed amounts include $7 million funded on or about July 5, 2023, and $29 million of Tranche C term loans that were converted into Tranche D term loans on July 5, 2023. The availability period for the Tranche D facility is through July 31, 2023, which may be extended by the Administrative Agent until September 30, 2023.

Amendment No. 13 extends the outside date for which the Company is required to complete a $10 million capital raise to July 31, 2023, and also provides that the outside date for completing a second $170 million capital raise is July 31, 2024. Amendment No.

13 also extends the deadlines for implementing certain governance and management related matters until August 15, 2023.