AMERICAN CLEAN RESOURCES GROUP, INC. : Entry into a Material Definitive Agreement (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed in the Form 8-K file with the Commission on January 6, 2023, American Clean Resources Group, Inc. (the "Company") entered into an Amendment and Forbearance Agreement with Granite Peak Resources ("GPR"), a related party, on January 5, 2023 wherein GPR agreed to increase its existing Line of Credit ("LOC") to $35,000,000. GPR is the Company's majority shareholder and largest debtholder. GPR holds a senior secured interest in all of the assets of the Company, including the stock of its subsidiary entities.

In accordance with the above, an Amendment to Deed of Trust and Security Agreement was filed on February 14, 2023 (with confirmation of recording received on February 21, 2023) to increase the amount secured. The Deed of Trust in favor of Granite Peak Resources, LLC secures One Hundred Million Dollars ($100,000,000) which includes the current LOC as well as future advances.

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