Item 8.01 Other Events.

On July 8, 2024, Blue Dolphin Energy Company announced that its wholly-owned subsidiaries, Lazarus Energy, LLC ("LE") and Lazarus Refining & Marketing, LLC ("LRM"), received a confirmation letter from Veritex Community Bank ("Veritex") dated July 2, 2024 waiving all covenant violations under their respective loan agreements for calendar years 2021, 2022, and 2023. Pursuant to a letter dated June 25, 2024, the U.S. Department of Agriculture ("USDA") approved Veritex's April 18, 2024 letter request for a waiver for the same periods. LE and LRM have loan agreements with Veritex in the original principal amount of $25.0 million and $10.0 million, respectively (the "Veritex Loans"). The Veritex Loans are guaranteed by the USDA's Rural Development Business & Industry loan program.