EX-10.1
Calumet, Inc. /DE
Execution Version
FIRST AMENDMENT TO THE LOAN GUARANTEE AGREEMENT
ThisFIRST AMENDMENT TO THE LOAN GUARANTEE AGREEMENT (this “Agreement”), dated as of August 28, 2026, is between the UNITED STATES DEPARTMENT OF ENERGY, an agency of the United States of America (“DOE”), and MONTANA RENEWABLES, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the “Borrower”).
PRELIMINARY STATEMENTS
(A)Borrower has undertaken the development, engineering, procurement, construction, operation, ownership, and maintenance of a biorefinery facility called “Montana Renewables” located in Great Falls, Montana, which converts fats, oils, and greases into renewable diesel (“RD”), sustainable aviation fuel (“SAF”), and renewable naphtha, including the currently operational portion of the facility (“Phase 1”) and the proposed expansion of such facility, including pursuant to the Project Ground Lease Amendment (as defined in Exhibit 1 attached hereto), to increase the production of RD, SAF and renewable naphtha, including wastewater treatment upgrades and infrastr
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