JOINT VENTURE AGREEMENTJoint Venture Agreement • March 9th, 2021 • Clean Energy Fuels Corp. • Gas & other services combined • Delaware
Clean Energy Renewable Fuels, LLC, a Delaware limited liability company (collectively with its affiliates, “Clean”), and Total Biogas Holdings USA, LLC, a Delaware limited liability company (collectively with its affiliates, “Total”) (each a “Party”, and together the “Parties”).
MEMORANDUM OF UNDERSTANDINGClean Energy Fuels Corp. • March 9th, 2021 • Gas & other services combined
This MOU will establish the certain terms which the parties intend to be used in a future agreement between the Parties. Contemporaneous with the execution of this MOU, Parties will execute a loan agreement (“Loan Agreement”), whereby BPPNA agrees to advance fifty million US Dollars ($50,000,000) to Clean in order to pay certain pre-formation expenses subject to Section 2(d) below. The terms contained in this MOU are not comprehensive and it is expected that additional terms may be added, and existing terms may be changed or deleted. Except as stated in the section entitled “Binding Terms,” this MOU does not create any legally binding obligations.
