Blue Dolphin ups affiliate credit line from $10M to $15M, effective June 1, 2025.

BLUE DOLPHIN ENERGY CO

Maximum borrowing under affiliate revolving credit agreement increased from $10M to $15M.
Interest rate set at WSJ Prime plus 2.00% per annum, compounded annually.
Proceeds intended for working capital and general corporate purposes.
Agreement automatically renews for successive one-year terms unless terminated with 60 days notice.
Both lender Lazarus Energy and borrower Blue Dolphin share CEO/Chairman Jonathan P. Carroll.

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