UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (date of earliest event reported): October 28, 2008
GLOBAL
CLEAN ENERGY HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Charter)
Utah
(State
of
Incorporation)
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000-12627
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87-0407858
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|
(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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6033
W. Century Blvd, Suite 895, Los Angeles, California
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90045
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(310)
641-4234
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨
Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425).
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12).
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b)).
¨
Pre-commencement
communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
ITEM
8.01 OTHER EVENTS
On
October 28, 2008, Global Clean Energy Holdings, Inc. (the “Company”)
entered
into a binding term sheet with a leading international carbon offset provider
for the forward purchase (pre-purchase) of $1,000,000 worth of certified carbon
offsets. The carbon offsets that the Company will be obligated to deliver are
required to be generated from the Company’s Jatropha farms in Mexico. The
$1,000,000 purchase price for the carbon credits will be paid in four
installments as certain Jatropha planting milestones are met. The Company
currently anticipates that the first payment will be received in the first
quarter of 2009, and that all payments will be earned within 12 months
thereafter. The parties’ final obligations will be set forth in a definitive
agreement that the parties intend to negotiate and complete by November 30,
2008.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Date: November
13, 2008
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GLOBAL
CLEAN ENERGY HOLDINGS, INC.
By:/s/
RICHARD PALMER
Richard
Palmer,
Chief
Executive Officer
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