RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

RELATED PARTIES

RELATED PARTY TRANSACTIONS

Through October 26, 2023, the Company had a Related Party Transaction Committee including at least two independent directors who reviewed and pre-approved all related party transactions. Subsequent to October 26, 2023, the Audit Committee

of the Board of Directors, which is made up solely of independent members of the Board of Directors is tasked with the review and approval or disapproval of related party transactions and the Company no longer has a Related Party Transaction Committee.

From time to time, the Company consults Ruddy Gregory, PLLC., a related party law firm of which James Gregory, a former member of the Board of Directors and the former Secretary of the Company, and the current General Counsel of the Company, serves as a partner. During years ended December 31, 2023, 2022 and 2021, we paid $746 thousand, $607 thousand, and $742 thousand, respectively, to such law firm for services rendered, which services include the drafting and negotiation of, and due diligence associated with, the September 2021 Asset Purchase Agreement whereby the Company originally planned to sell its UMO Business, which was subsequently terminated in January 2022, the Heartland Assets Purchase Agreement, which completed on February 1, 2023, and agreement related to the Mobile Refinery acquisition, and related transactions, including the Loan and Security Agreement and Supply and Offtake Agreements.