XCF Global Inc. has entered into a new financing arrangement by executing two separate promissory notes with institutional lenders, each for a principal amount of $560,000, totaling $1,120,000. The notes feature an original issue discount of $60,000 per note, resulting in net proceeds of $1,000,000 to the company. The notes will mature three months after loan disbursement, which is contingent upon the filing of a registration statement with the SEC related to a separate purchase agreement. The notes do not bear interest unless an event of default occurs, in which case a 12% annual interest rate applies. XCF Global is required to use 50% of net proceeds from stock sales under a related purchase agreement to repay the notes and must immediately repay the notes with proceeds from any new, non-permitted debt issuances. The agreements also include standard covenants and restrictions on additional indebtedness and asset liens, as well as equal treatment provisions for both notes.