{"url_path":"/sec/safx/8-k/2026-07-08/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-08","source_url":"https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-032547-index.html","accession_number":"0001493152-26-032547","cik":"0002019793","ticker":"SAFX","issuer_name":"XCF Global, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2019793/0001493152-26-032547-index.html","primary_entity_key":"0002019793","primary_entity_name":"XCF Global, Inc."},"word_count":382,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement**\n\n \n\n*Short-Term\nFinancing*\n\n \n\nOn\nJuly 1, 2026, XCF Global, Inc. (the “**Company**”), entered into a Senior Secured 25% Original Issue Discount Promissory\nNote and Security Agreement (the “**Note and Security Agreement**”) with Brown Stone Capital Limited (the “**Brown\nStone**”) pursuant to which the Company entered into a $1,000,000 senior secured loan with a 25% original issue discount, resulting\nin a purchase price of $750,000.\n\n \n\n*Terms\nand Conditions*\n\n \n\nThe\nloan amount is equal to $1,000,000 with a 25% original issue discount. The note bears interest at ten percent (10%) per annum, payable\nmonthly, with a non-amortizing two (2) month term. Interest is calculated on a 360-day year basis. The loan balance, including any accrued\ninterest, is due in full 60 days after funding, with optional prepayment allowed without penalty. Default interest accrues at 18% per\nannum. The Company must make mandatory prepayments from (i) the first and any subsequent revenue collections and (ii) the proceeds of\nany assets that are sold outside the ordinary course of business, until the loan is fully repaid.\n\n \n\nAdditionally,\nthe Company agreed to issue a non-refundable commitment fee of 500,000 shares (the “**Commitment Fee**”) of its Class\nA Common Stock, par value $0.0001 (“**Common Stock**”) pursuant to the Note and Security Agreement.\n\n \n\n*Security\nInterest and Collateral*\n\n \n\nTo\nsecure the loan, the Company granted Brown Stone a first-priority security interest in all inventories, accounts, environmental attributes,\ndeposit and securities accounts, equipment, chattel paper, and proceeds. The security interest granted only covers assets of XCF Global,\nInc. and does not extend to the assets held by any subsidiaries of the Company. In addition, the Company must reserve 5,000,000 shares\nof authorized but unissued Common Stock as Penalty of Default Shares, (the “**Default Shares**”) to be issued to Brown\nStone immediately upon any Event of Default (as defined in the Note and Security Agreement). The secured loan is the sole responsibility\nof XCF Global, Inc. and is not guaranteed by any of the Company’s subsidiaries\n\n \n\nThe\nforegoing description of the Note and Security Agreement does not purport to be complete and is qualified in its entirety by the terms\nand conditions thereof, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated into this Item 1.01 by\nreference."}