Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory

Pursuant to Section 4(d) of the Certificate of Designations of Series C Preferred Stock ("Certificate of Designations") of Global Clean Energy Holdings, Inc. ("we," "us," "our" and the "Company"), effective as of March 6, 2023, ExxonMobil Renewables LLC ("EM Renewables"), in its capacity as the holder of at least 33% of the Company's issued and outstanding Series C Preferred Stock, caused the removal of E. Nicholas Jones as a member of the Company's board of directors, and has appointed Timothy J. Iezzoni as a member of the Company's board of directors to fill the vacancy created by the removal of Mr. Jones.

There are no family relationships between Mr. Iezzoni and any of the Company's directors, executive officers, or persons nominated or chosen by the Company to become a director or executive officer. Mr. Jones and Mr. Iezzoni are employees of ExxonMobil Oil Corporation

or its affiliates,

and the removal of Mr. Jones and appointment of Mr. Iezzoni are being effected pursuant to EM Renewables' rights under the Certificate of Designations. However, Mr. Iezzoni is not a party to any current or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K.

The Company has also been advised that the removal of Mr. Jones by ExxonMobil was not the result of any disagreement with the Company on any matter relating to the registrant's operations, policies or practices.

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