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materiality 0.20
XCF Global subsidiary amends feedstock supply agreement with Phillips 66
XCF Global, Inc.
- Amendment clarifies that Phillips 66 retains title to feedstock stored at the New Rise facility; title transfers upon entry into process units.
- New Rise must maintain flow-metering equipment, provide daily inventory reports, and conduct monthly volume reconciliations.
- Phillips 66 gains right to require reloading of feedstock from storage into railcars upon written notice.
- New Rise must maintain reverse-flow equipment and procedures at its expense and grant Phillips 66 reasonable access to inspect.