SEC Form SC 13D/A filed by Exxon Mobil Corporation (Amendment)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 2)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Introduction

This Amendment No. 2 (the “Amendment”) amends and supplements the Schedule 13D filed by the Reporting Persons on April 29, 2022 (the “Original Schedule 13D”, as amended on August 9, 2022 (“Amendment No. 1”), and, as further amended and supplemented by this Amendment, the “Schedule 13D”). Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Original Schedule 13D or Amendment No. 1. Capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Original Schedule 13D. This Schedule 13D relates to the shares of common stock (“Common Stock”) of Global Clean Energy Holdings, Inc., a Delaware corporation (the “Issuer”), having its principal executive office is 2790 Skypark Drive, Suite 105, Torrance, CA 90505.

Item 4. Purpose of Transaction

This Amendment amends and supplements Item 4 of the Original Schedule 13D to add the following new paragraph after the second paragraph:

On February 28, 2023, ExxonMobil Oil Corporation, a subsidiary of Exxon Mobil Corporation, (“EMOC”) delivered a letter (the “Notice of Termination”) to Bakersfield Renewable Fuels LLC (“BRF”) and GCE Holdings Acquisitions, LLC, subsidiaries of the Issuer (“GCE”), providing written notice, effective as of July 1, 2023, of the irrevocable termination of the Product Off-Take Agreement, dated effective April 10, 2019, by and between GCE and EMOC (as amended, the “POA”), without any further action of EMOC, upon the failure of the renewable diesel facility located in Bakersfield, California commencing operations contemplated by the POA (the “Start Date”) by June 30, 2023. The POA entitles either party to the agreement to terminate the POA upon delivery of written notice to the other party if the Start Date does not occur by June 30, 2023 (the “Outside Start Date”).

The Start Date is and always has been critically important to EMOC and is a material term of the POA. All information known to EMOC points to the Start Date not occurring by the Outside Start Date. Therefore, EMOC has concluded that it is necessary to provide the Notice of Termination to BRF and GCE.

Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer.

This Amendment amends and supplements Item 6 of the Original Schedule 13D to add the following paragraph to the end of Item 6:

Complaint Under Section 220 of the Delaware General Corporation Law

On March 1, 2023, ExxonMobil Renewables LLC, in its capacity as a preferred stockholder of the Issuer, filed a complaint against the Issuer in the Court of Chancery of the State of Delaware to compel inspection of the Issuer’s books and records under Section 220 of the Delaware General Corporation Law to investigate concerns of misconduct and mismanagement by the Issuer’s management team.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATED: March 2, 2023