Pay Versus Performance Table

Year	Summary Compensation Table Total for CEO	Compensation Actually Paid to CEO¹	Average Summary Compensation Table Total for Non-CEO NEOs	Average Compensation Actually Paid to Non-CEO NEOs²	Value of Initial Fixed $100 Investment Based On:		Net Income⁴	Company- Selected Measure (Adjusted Net Income)⁵
Year	Summary Compensation Table Total for CEO	Compensation Actually Paid to CEO¹	Average Summary Compensation Table Total for Non-CEO NEOs	Average Compensation Actually Paid to Non-CEO NEOs²	Total Shareholder Return³	Peer Group Total Shareholder Return³	Net Income⁴	Company- Selected Measure (Adjusted Net Income)⁵
2025	$5,275,200	$4,984,082	$2,762,600	$2,561,560	$265.05	$ 48.43	$82,951,000	$122,568,916
2024	$4,237,352	$4,043,787	$2,353,736	$2,321,302	$163.55	$ 36.48	$58,167,000	$88,047,834
2023	$6,063,247	$6,980,272	$2,883,778	$3,038,370	$162.27	$ 76.99	$60,935,000	$93,933,283
2022	$3,976,333	$4,550,392	$1,709,517	$2,022,908	$128.30	$130.43	$27,697,000	$41,730,719
2021	$2,225,200	$1,741,294	$1,524,027	$1,200,406	$126.05	$124.48	$52,364,000	$74,510,182

¹Compensation actually paid (“CAP”) was calculated by beginning with the total amount reported in the Summary Compensation Table (the “SCT”) for the applicable year, (i) subtracting the grant date fair value of stock awards reported in the Stock Awards column of the SCT, and (ii) adding the change in fair value of stock awards for the applicable year. Fair value amounts were computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under generally accepted accounting principles. The fair value amounts were calculated using our stock price on the last day of each fiscal year or the date of vesting, as applicable, and using the probable achievement level of the performance goals as of the end of the year. The following is a reconciliation of the SCT total and the CAP for the CEO for each of the applicable years. Mr. Rizvi is included as the CEO for each year. Note that the CEO’s 2022 TSR Award was valued for the purpose of the Summary Compensation Table based on the probable outcome of the applicable performance conditions as of the date of grant.

CEO
Year	SCT Total	Subtract Grant Date Value of Stock Awards Granted Each Year as Disclosed in the SCT	Add Change in Fair Value of Stock Awards	CAP
2025	$5,275,200	$(1,250,000)	$ 958,882	$4,984,082
2024	$4,237,352	$( 990,538)	$ 796,973	$4,043,787
2023	$6,063,247	$(2,617,799)	$3,534,824	$6,980,272
2022	$3,976,333	$(2,292,721)	$2,866,780	$4,550,392
2021	$2,225,200	$( 666,667)	$ 182,761	$1,741,294

CEO: Change in Fair Value of Stock Awards
Year	Year-End Fair Value of Stock Awards Granted in Covered Fiscal Year that Remained Unvested at the end of the Covered Fiscal Year	Year-over-Year Increase or Decrease in Fair Value for Stock Awards Granted in Prior Years that Remained Unvested at the end of the Covered Fiscal Year	Increase or Decrease in Fair Value of Stock Awards Granted in Prior Years that Vested in the Covered Fiscal Year	Adjustments for Stock Awards that Failed to Meet Performance Conditions	Value of Dividends or other Earnings Paid on Stock Awards not Otherwise Reflected in Fair Value	Total Change in Fair Value of Stock Awards Included in CAP
2025	-	$ 905,127	$ 53,755	-	-	$ 958,882
2024	$ 965,985	$ (286,720)	$117,708	-	-	$ 796,973
2023	$2,422,681	$1,092,874	$ 19,269	-	-	$3,534,824
2022	$2,884,479	$ (19,154)	$ 1,455	-	-	$2,866,780
2021	$ 43,968	$ 96,935	$ 41,858	-	-	$ 182,761

² CAP for the other named executive officers was calculated in the same manner as described above for the CEO, except the amounts were averaged for each year. Following is a reconciliation of the average SCT total and the average CAP for the named executive officers, other than the CEO, for each of the applicable years. The non-CEO named executive officers included in the average for each year were Messrs. Bruggeman and Rose.

Other Named Executive Officers
Year	Average SCT Total	Subtract Grant Date Value of Stock Awards Granted Each Year as Disclosed in the SCT	Add Average Change in Fair Value of Stock Awards	Average CAP
2025	$2,762,600	$ (625,000)	$ 423,960	$2,561,560
2024	$2,353,736	$ (522,784)	$ 490,350	$2,321,302
2023	$2,883,778	$(947,992)	$1,102,584	$3,038,370
2022	$1,709,517	$(703,589)	$1,016,980	$2,022,908
2021	$1,524,027	$(436,276)	$ 112,655	$1,200,406

Other Named Executive Officers: Average Change in Fair Value of Stock Awards
Year	Year-End Fair Value of Stock Awards Granted in Covered Fiscal Year that Remained Unvested at the end of the Covered Fiscal Year	Year-over-Year Increase or Decrease in Fair Value for Stock Awards Granted in Prior Years that Remained Unvested at the end of the Covered Fiscal Year	Increase or Decrease in Fair Value of Stock Awards Granted in Prior Years that Vested in the Covered Fiscal Year	Adjustments for Stock Awards that Failed to Meet Performance Conditions	Value of Dividends or other Earnings Paid on Stock Awards not Otherwise Reflected in Fair Value	Total Change in Fair Value of Stock Awards Included in CAP
2025	-	$369,801	$54,159	-	-	$ 423,960
2024	$ 509,818	$(68,211)	$48,743	-	-	$ 490,350
2023	$ 761,266	$328,859	$12,459	-	-	$1,102,584
2022	$1,027,894	$(11,812)	$ 898	-	-	$1,016,980
2021	$ 27,094	$ 59,403	$26,158	-	-	$ 112,655

³The Company’s total shareholder return (“Company TSR”) represents the cumulative investment return of an initial fixed $100 investment in our Common Stock during the period commencing on January 31, 2021 and ending on the last day of the covered fiscal year, assuming reinvestment of all dividends. The Company TSR reflected in the table above may not be indicative of future performance. Peer group total shareholder return (“Peer Group TSR”) represents the cumulative investment return of an initial fixed $100 investment in a peer group comprised of Alto Ingredients, Inc. and Green Plains, Inc. (with the returns weighted according to respective market capitalization at the beginning of each period for which the return is indicated) during the period commencing on January 31, 2021 and ending on the last day of the covered fiscal year, assuming reinvestment of all dividends.

⁴Reflects net income, as reported in our Form 10-K for the applicable year.

⁵ The following is a list of the most important financial performance measures used by the Compensation Committee to link CAP to Company performance for the most recently completed fiscal year.

	●	Adjusted Net Income
	●	Net Income
	●	Total Shareholder Return

Of the goals listed above, we consider Adjusted Net Income to be the most important financial performance measure (that is not otherwise required to be disclosed in the table) used to link CAP to Company performance and therefore include it as the Company-Selected Measure in the table above. For the definition of Adjusted Net Income, please see page 10 of this proxy statement.

Named Executive Officers, Footnote

The non-CEO named executive officers included in the average for each year were Messrs. Bruggeman and Rose.

PEO Total Compensation Amount

$ 5,275,200

$ 4,237,352

$ 6,063,247

$ 3,976,333

$ 2,225,200

Adjustment To PEO Compensation, Footnote

Compensation actually paid (“CAP”) was calculated by beginning with the total amount reported in the Summary Compensation Table (the “SCT”) for the applicable year, (i) subtracting the grant date fair value of stock awards reported in the Stock Awards column of the SCT, and (ii) adding the change in fair value of stock awards for the applicable year. Fair value amounts were computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under generally accepted accounting principles. The fair value amounts were calculated using our stock price on the last day of each fiscal year or the date of vesting, as applicable, and using the probable achievement level of the performance goals as of the end of the year. The following is a reconciliation of the SCT total and the CAP for the CEO for each of the applicable years. Mr. Rizvi is included as the CEO for each year. Note that the CEO’s 2022 TSR Award was valued for the purpose of the Summary Compensation Table based on the probable outcome of the applicable performance conditions as of the date of grant.

CEO
Year	SCT Total	Subtract Grant Date Value of Stock Awards Granted Each Year as Disclosed in the SCT	Add Change in Fair Value of Stock Awards	CAP
2025	$5,275,200	$(1,250,000)	$ 958,882	$4,984,082
2024	$4,237,352	$( 990,538)	$ 796,973	$4,043,787
2023	$6,063,247	$(2,617,799)	$3,534,824	$6,980,272
2022	$3,976,333	$(2,292,721)	$2,866,780	$4,550,392
2021	$2,225,200	$( 666,667)	$ 182,761	$1,741,294

CEO: Change in Fair Value of Stock Awards
Year	Year-End Fair Value of Stock Awards Granted in Covered Fiscal Year that Remained Unvested at the end of the Covered Fiscal Year	Year-over-Year Increase or Decrease in Fair Value for Stock Awards Granted in Prior Years that Remained Unvested at the end of the Covered Fiscal Year	Increase or Decrease in Fair Value of Stock Awards Granted in Prior Years that Vested in the Covered Fiscal Year	Adjustments for Stock Awards that Failed to Meet Performance Conditions	Value of Dividends or other Earnings Paid on Stock Awards not Otherwise Reflected in Fair Value	Total Change in Fair Value of Stock Awards Included in CAP
2025	-	$ 905,127	$ 53,755	-	-	$ 958,882
2024	$ 965,985	$ (286,720)	$117,708	-	-	$ 796,973
2023	$2,422,681	$1,092,874	$ 19,269	-	-	$3,534,824
2022	$2,884,479	$ (19,154)	$ 1,455	-	-	$2,866,780
2021	$ 43,968	$ 96,935	$ 41,858	-	-	$ 182,761

Non-PEO NEO Average Compensation Actually Paid Amount

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$ 2,561,560

2,321,302

3,038,370

2,022,908

1,200,406

Compensation Actually Paid vs. Total Shareholder Return

CAP, Company TSR and Peer Group TSR

The graphs below illustrates the relationship between the CAP to our CEO and the other named executive officers, Company TSR and Peer Group TSR during the period covered by the Pay versus Performance Table.

Compensation Actually Paid vs. Company Selected Measure

CAP and Adjusted Net Income

The graph below illustrates the relationship between the CAP to our CEO and the other named executive officers and the Company’s Adjusted Net Income during the period covered by the Pay versus Performance Table.

Tabular List, Table

The following is a list of the most important financial performance measures used by the Compensation Committee to link CAP to Company performance for the most recently completed fiscal year.

	●	Adjusted Net Income
	●	Net Income
	●	Total Shareholder Return

Of the goals listed above, we consider Adjusted Net Income to be the most important financial performance measure (that is not otherwise required to be disclosed in the table) used to link CAP to Company performance and therefore include it as the Company-Selected Measure in the table above. For the definition of Adjusted Net Income, please see page 10 of this proxy statement.