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Proposed Revised 13 Week Budget

Week # 1 2 3 4 5 6 7 8 9 10 11 12 13

Sep Oct Oct Oct Oct Nov Nov Nov Nov Dec Dec Dec Dec 13 Week 

Week 5 Week 1 Week 2 Week 3 Week 4 Week 1 Week 2 Week 3 Week 4 Week 1 Week 2 Week 3 Week 4 Total

Week ended 9/26/20 10/3/20 10/10/20 10/17/20 10/24/20 10/31/20 11/7/20 11/14/20 11/21/20 11/28/20 12/5/20 12/12/20 12/19/20 Revised

Projected SalesReceipts:

413,577 $ 963,252 $ 963,252 $ 963,252 $ 963,252 $ 1,030,810 $ 1,030,810 $ 1,030,810 $ 1,030,810 $ 1,192,168 $ 1,192,168 $ 1,192,168 $ 1,367,850 $ 13,334,179 $ 

Sales Tax Collected 18,873 43,537 43,537 43,537 43,537 40,533 40,533 40,533 40,533 50,442 50,442 50,442 58,008 564,487DIP Financing 2,000,000 2,000,000 4,000,000

 Total Receipts 432,450 $ 3,006,789 $ 1,006,789 $ 1,006,789 $ 1,006,789 $ 3,071,344 $ 1,071,344 $ 1,071,344 $ 1,071,344 $ 1,242,609 $ 1,242,609 $ 1,242,609 $ 1,425,858 $ 17,898,666 $ 

Sales Taxes PaidDisbursements:

- $ - $ - $ - $ (288,728) $ - $ -$ - $ (174,148) $ - $ -$ - $ (162,133) $ (625,010) $ 

Inventory Purchases - (342,529) (342,529) (342,529) (342,529) (935,856) (935,556) (489,354) (489,354) (414,113) (387,761) (295,598) (495,596) (5,813,305)Store Payroll - (451,391) - (451,391) - (495,656) - (520,656) - (520,656) - (495,656) - (2,935,408)Corporate Payroll - (185,623) - (185,623) - (210,623) - (235,623) - (235,623) - (210,623) - (1,263,740)Shared Services Allocation - - (35,000) - - - (35,000) - - - (35,000) - - (105,000)Corporate & Store Controllables - (74,629) (74,629) (74,629) (74,629) (92,124) (94,474) (99,816) (79,143) (98,951) (91,259) (98,951) (91,259) (1,044,491)Capex Funding - Temp Stores - - - - (50,000) (203,525) (253,525) (253,525) (253,525) (117,049) (117,049) - - (1,248,198)Occupancy (1) - - - (1,317,727) - - (1,376,058) - - - (1,596,900) - - (4,290,685)Debt Service SHL Credit Facility - - - - - (16,080) - - - - (7,906) - - (23,986)Debt Service SHL Equipment Loan - - - - - - - (37,031) - - - - (18,516) (55,547)SHL - DIP interest - - - - - (1,933) - - - - (5,271) - - (7,203)

 Subtotal Operating Costs - $ (1,054,173) $ (452,158) $ (2,371,900) $ (755,887) $ (1,955,797) $ (2,694,613) $ (1,636,005) $ (996,170) $ (1,386,393) $ (2,241,146) $ (1,100,829) $ (767,504) $ (17,412,573) $ 

Legal - M&B Filing Fees & Expenses:

- (45,000) (45,000)

US Trustee (4,750) $ (4,750)Financial Advisor - Algon - (22,000) $ (22,000)Creditors' Committee Counsel (2) - -

-

 Subtotal Filing Fees - $ - $ - $ (4,750) $ -$ - $ -$ -$ - $ (67,000) $ - $ -$ - $ (71,750) $ 

 Total Disbursements - $ (1,054,173) $ (452,158) $ (2,376,649) $ (755,887) $ (1,955,797) $ (2,694,613) $ (1,636,005) $ (996,170) $ (1,453,393) $ (2,241,146) $ (1,100,829) $ (767,504) $ (17,484,323) $ 

Operating Cash Recap 9/26/20 10/3/20 10/10/20 10/17/20 10/24/20 10/31/20 11/7/20 11/14/20 11/21/20 11/28/20 12/5/20 12/12/20 12/19/20Beginning Cash Balance 622,485 $ 1,054,935 $ 3,007,551 $ 3,562,182 $ 2,192,321 $ 2,443,223 $ 3,558,770 $ 1,935,501 $ 1,370,840 $ 1,446,013 $ 1,235,230 $ 236,694 $ 378,474 $ 622,485 $ Change in Cash 432,450 $ 1,952,616 $ 554,631 $ (1,369,861) $ 250,902 $ 1,115,547 $ (1,623,269) $ (564,662) $ 75,174 $ (210,783) $ (998,537) $ 141,781 $ 658,354 $ 414,344 $ 

Cash Balance - End of Week 1,054,935 $ 3,007,551 $ 3,562,182 $ 2,192,321 $ 2,443,223 $ 3,558,770 $ 1,935,501 $ 1,370,840 $ 1,446,013 $ 1,235,230 $ 236,694 $ 378,474 $ 1,036,829 $ 1,036,829 $ 

 (1) Occupancy payments are subject to rejections and modifications of leases.  (2) Creditors’ Committee Counsel fees and expenses shall equal $50,000 through the week ended December 19, 2020, at the rate of $25,000 per month, for purposes of the Administrative Expense Carveout.  Such amount represents 100% of reasonably projected fees and expenses for this period, but does not constitute a cap. Future Budgets shall reflect actual payment of such fees and expenses.

Note: This budget shall serve as the Debtors’ “Budget” as that term is defined in the DIP Loan and Security Agreement.

Case 20-20259-RAM Doc 167 Filed 11/19/20 Page 17 of 17