Pecos County Refinery Location Ø CDU Footprint: 15 acres Ø 126 acres closed on July 28, 2017 Ø Right of Way/Easement Application Approved with University Lands Ø Available access to Hardtop Road maintained by Pecos County Ø Power Available: AEP Ø Gas Available: Energy Transfer Pipeline on Location q Permits Ø Trinity Consultants https://trinityconsultants.com Ø Permit filed with TCEQ on July 31, 2017 Ø TCEQ issued permit on August 30, 2017 q O&M Contract Ø Contract Negotiations Underway q Crude Supply Ø 50,000 BPD Letter of Intent executed q EPC Contractors Ø VFuels, LLC http://www.vfuels.com Ø Interstate Treating, Inc. http://www.intertreat.com Ø Via Rail Engineering http://www.viarailengineering.com Ø Scoping Study Completed Ø FEED Study Completed Ø Risk Mitigation in Place Ø CAPEX for CDU: $50 MM q Market Ø Naphtha - Permian Basin Mkt Ø Diesel - Permian Basin Drilling Ops Ø Residual (ATB’s) - Gulf Coast/Texas Refineries Ø Letters of Intent Executed for all Three Products q Financing Ø MMEX Currently Employing its Equity Ø Debt Term Sheet in Negotiations R|e vP.| aA gpePr a i lg 11e60 , 220817 CONFIDENTIAL