As part of the strategy, the Company has entered into a warrant purchase agreement with existing investor GL PART SPV II, LLC ("GL"), under which GL may purchase warrants to acquire common stock in the future at an exercise price of $2.50 per share, demonstrating GL's belief in the company's potential future growth in shareholder value. Pursuant to the terms of the warrant purchase agreement, at the initial closing scheduled for July 31, 2026, GL is to pay 1,000,000 and receive an initial warrant to purchase up to 6,891,798 shares of XCF common stock at an exercise price of $2.50 per share. Pursuant to the terms of the warrant purchase agreement, warrants relating to a maximum of 50,000,000 shares of common stock may be issued. The warrants may be exercised for cash or on a cashless basis. The structure is intended to provide XCF with a flexible capital formation mechanism and, we believe, may help align investor participation with the Company's expected future growth. The purchase of the initial tranche of $1 million in warrants is expected to close before the end of the month. The agreement with GL provides for the investment of up to $100 million in XCF before the end of the year through this strategy.