Item 1.01 Entry into a Material Definitive Agreement.
Dynamic Fuels, Tyson and the Company have resolved certain issues pertaining to
the DF Geismar plant, including, among other things, (i) the Company's process
guarantee and performance test requirements set forth in the Master License and
Site License have been deemed unnecessary and waived, resulting in the execution
of a Site License for the Geismar plant; (ii) the parties have agreed that
warrants to purchase 4,250,000 shares of Company stock granted to Tyson in June,
2007, have vested; and (iii) the Company and Tyson have converted outstanding
invoices owed of $6.6 million each into equity capital of DF.
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