Renewable Diesel Market Value Proposition
VII STONEBRIAR LEASE SUMMARY
Lessee:
Lessor:
Montana Renewables, LLC
Stonebriar Commercial Finance LLC
Purpose:
Amount:
Security:
Finance equipment for a new renewable hydrogen plant
Up to $50 million
Equipment
Equipment:
Cut-off Date:
Exit Price:
A hydrogen plant designed to produce at least 20 million sf³/day of 99% hydrogen supplied at 200-220 pounds per square inch gauge to the makeup
compressors for the MRL renewable diesel project
Earlier of (a) March 2, 2023 or (b) Event of Default or (c) equipment is accepted by Lessee or (d) Material Adverse Change in financial condition
(a) Aggregate amount of the Advances made times (b) 102.89%
Monthly Rental Rate:
1-month LIBOR + 770 bps
LIBOR Floor:
25 bps
Early Termination Options:
☐
Date: Upon payment of 108th monthly base rent
Early Termination Purchase Price: 27.50% of equipment cost
ESG Funding: Upon eligibility for ESG funding, Lessee can terminate at Exit Price
38View entire presentation