# EDGAR Filing Document

**Accession Number:** 0001628486
**File Stem:** 0001746059-23-000069
**Filing Date:** 2023-3
**Character Count:** 150683
**Document Hash:** ecad1fa7c2c9654cbf8a40cabfe10532
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001746059-23-000069.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001746059-23-000069

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 7

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lola Granola Bar
- **CENTRAL INDEX KEY:** 0001628486
- **IRS NUMBER:** 460840435
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-32029
- **FILM NUMBER:** 23752274

**BUSINESS ADDRESS:**
- **STREET 1:** POST OFFICE BOX 63
- **CITY:** CROTON FALLS
- **STATE:** NY
- **ZIP:** 10519
- **BUSINESS PHONE:** 9146178833

**MAIL ADDRESS:**
- **STREET 1:** 186 MILLS ROAD
- **CITY:** NORTH SALEM
- **STATE:** NY
- **ZIP:** 10560

### Attached PDF Documents

**Attachment 1:** `lola_offmo.pdf`

![img-0.jpeg](img-0.jpeg)

## OFFERING MEMORANDUM

facilitated by

![img-1.jpeg](img-1.jpeg)

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# Lola Granola Bar

## FORM C

### OFFERING MEMORANDUM

#### Purpose of This Form

A company that wants to raise money using Regulation Crowdfunding must give certain information to prospective investors, so investors will have a basis for making an informed decision. The Securities and Exchange Commission, or SEC, has issued regulations at 17 CFR §227.201 listing the information companies must provide. This form - Form C - is the form used to provide that information.

Each heading below corresponds to a section of the SEC's regulations under 17 CFR §227.201.

#### (A) The Company

| Name of Company | Lola Granola Bar |
| --- | --- |
| State of Organization | NY |
| Date of Formation | 08/23/2012 |
| Entity Type | Corporation |
| Street Address | 186 Mills Rd, North Salem NY, 10560 |
| Website Address | Lolasnacks.com |

#### (B) Directors and Officers of the Company

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| Key Person | Hernan Molina |
| --- | --- |
| Position with the Company | Title VP First Year 2012 |
| Other business experience (last three years) | Ernie Molina VP and Biz Development Responsibilities include managing & developing business within alternative channels, foodservice and retail nationally. Key accounts include, Google, Military Exchanges, DOT Foods, UNFI, KEHE, VIstar, Sysco, U.S. Foods, Canteen/FoodBuy, Walmart, Target, Costco, independents and chains, college/university, regional DSD's, and eCommerce. Work alongside & manage broker partners, distributors and distributor reps to successfully and strategically build new business while planning and extending current partnerships with retailers thru promotional support & numerous creative incentives. Attend trade shows, key account meetings, and category reviews while providing an authentic representation of the company's culture and business model. Provide excellent customer service to both new and current accounts with accurate follow up and clean communication. |

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| Key Person | Mary Molina |
| --- | --- |
| Position with the Company | Title First Year President 2012 |
| Other business experience (last three years) | Mary Molina, founder and CEO of Lola Granola Bar, a passion project to feed her family and get their health back on track through good food and leaving a positive impact. Since then, it's bloomed into a delicious mission: love your guts through selfcare to improve overall health from your skin and cardiovascular health to brain function with probiotics and prebiotic snacks. Mary also teaches marketing and entrepreneurship to kids at underprivileged schools and collaborates with food banks to feed our friends and neighbors in need, two efforts that are near and dear to Mary's heart. Mary has a proven track record in innovation, entrepreneurship, concept validation, iteration, pivoting, scaling, branding, financial management, leadership, transparency, public speaking, board member, healthy living enthusiast. |

# **(C) Each Person Who Owns 20% or More of the Voting Power**

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Mary Molina | 51% |

# **(D) The Company's Business and Business Plan**

# **Traction & Validation**

Our products are perfect for the millions of Americans who are looking to address their nutritional needs with energy bars

- Our fast-paced lives and a newfound focus on gut health and immunity created a new need for fast, functional food (source & source). This high demand caused the energy bar market to balloon to $13.4 billion in 2020 (source). Add in America's increasing consumption of plant-based foods, and we believe we have the perfect combination to capitalize on this lucrative market (source). With Gut Health trending on social media, we believe more people are looking for ways to improve their gut health through healthy snacks and awareness (source).

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- We have partnerships supplying HQ's of Nike, Goldman Sacs, Citi Bank and Bank of America, and we continue to expand into corporate catering opportunities. Recently added to the assortment of large convenience channel distributors, Lola Snacks now has access to over 15,000 locations covering convenience stores, hospitality, food service, and universities. We are currently in consideration at retailers nationally, such as GIANT and Food Lion, and regionally, such as 7/11.
- Our retail partners locations grow everyday, through our national distributors in the specialty, convenience, natural, and wholesale channels. Lastly, we are developing additional product lines to include new categories such as sugar-free.

We have the leadership and product to revolutionize functional snacks, all that's missing is you

Lola Snacks embodies the American Dream and the hope for a healthier tomorrow. Mary created these bars for her family, and her business acumen transformed them into a company that survived the pandemic and that is starting to corner a billion-dollar market. Our snacks can give millions a healthy, gut-friendly option, and with your investment, we can do that for billions more. Help us take the "BS" out of "IBS" and invest in Lola Snacks today.

We take the B.S. out of IBS.

LOLA SNACKS is on a mission to improve your gut's microbiome to boost immunity, giving you more energy through innovative food technology while still being delicious. What began in the Founder Mary Molina's kitchen, has relaunched post-pandemic and is now a rapidly scaling business disrupting the energy bar category. Elevating taste and nutrition standards, we create delicious probiotic and prebiotic, plant-based, gluten-free, and vegan energy bars. LOLA SNACKS is devoted to unlocking good gut health through simple convenient energy bars packed with enhanced ingredients like probiotics and prebiotics to help rebalance your guts for a better you. When it comes to being your best, there should be no obstacles - least of all an unhappy gut. Everything about the LOLA SNACKS has your health and the best results for your gut in mind; we want you to have the most innovative, conveniently healthy, gut supportive snacks for you and your family.

We know what it's like to not feel good, so we became the change we needed

Our company's story began out of necessity and turned into a passion project for our founder and mother of 5, Mary Molina. When her family hit hard times she began to rely on food assistance programs to feed her family. At the same time, her husband was trying to save money by eating off the dollar menu. This processed food wreaked havoc on her family's health, and later her husband developed gut health issues from antibiotics used before and after dental surgery. Mary and her husband tried every probiotic, yogurt, kefir, and even kimchi to resolve his gut health issues. Alas, nothing worked so Mary decided to tackle the problem on her own by working with probiotic manufactures to combined a spore-forming probiotic with her already vegan plant-based energy bars. Mary's friends, family, and neighbors took notice and started asking her if they were available in local stores, Lola Snacks was born.

Consumers are increasingly leaning towards plant-based options (source) to fill their snacking needs and because our probiotic energy bars don't require refrigeration, they're a great choice for snacking on the go, to get you through the day, and drastically boost gut health.

Reasons to Invest

- Lola Snacks has begun national distribution through 15,000 doors in convenience and food service. The global energy market size had a 2020 value of $13.4 billion, and more Americans

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are eating plant-based foods than ever (source & source).

- Lola Snacks are vegan plant based energy bars enhanced with a blend of probiotics and prebiotics to promote the health of your gut microbiome. Lola Snacks is a shelf-stable energy bar, allowing it to be sold in any grab and go setting.
- Lola Snacks reinvests in their community through inner-city youth mentoring programs and donating to anti-hunger programs.

Lola Snacks provides a better source of probiotics and prebiotics to improve gut health

- We understand the stress of trying to eat healthy, and know this problem is worse for the 72% of Americans who struggle with gut issues like IBS, Colitis, and Crohns (source). On average 60 to 70 million people are affected by all digestive diseases (source). We struggled with these issues too, so we created a line of simple, plant-based probiotic energy bars to power us through the day and improve our gut health.
- Lola Snacks replenish lost probiotics and nourish your gut's microbiome to aid digestion and support a healthy gut microbiome. Our customers love the taste of our bars and also claim our snacks improved the symptoms of their gut issues.

The Team

Mary Molina, CEO/President

Mary Molina, founder and CEO of Lola Granola Bar, a passion project to feed her family and get their health back on track through good food and leaving a positive impact. Since then, it's bloomed into a delicious mission: love your guts through selfcare to improve overall health from your skin and cardiovascular health to brain function with probiotics and prebiotic snacks. Mary also teaches marketing and entrepreneurship to kids at underprivileged schools and collaborates with food banks to feed our friends and neighbors in need, two efforts that are near and dear to Mary's heart. Mary has a proven track record in innovation, entrepreneurship, concept validation, iteration, pivoting, scaling, branding, financial management, leadership, transparency, public speaking, board member, healthy living enthusiast.

Ernie Molina, VP and Biz Development

Responsibilities include managing & developing business within alternative channels, foodservice and retail nationally. Key accounts include, Google, Military Exchanges, DOT Foods, UNFI, KEHE, VIstar, Sysco, U.S. Foods, Canteen/FoodBuy, Walmart, Target, Costco, independents and chains, college/university, regional DSD's, and eCommerce. Work alongside & manage broker partners, distributors and distributor reps to successfully and strategically build new business while planning and extending current partnerships with retailers thru promotional support & numerous creative incentives. Attend trade shows, key account meetings, and category reviews while providing an authentic representation of the company's culture and business model. Provide excellent customer service to both new and current accounts with accurate follow up and clean communication.

Joe Donato Jr., Director of Sales

Data-driven maverick using insight metrics to translate into actionable shelf strategy to grow Brands with the expertise they need for the next step on their journey. Extensive experience growing brands through supplier relationships and managing teams.

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John Edelman, Board Member

Experienced Board Member with a demonstrated history of working in the design industry. Skilled in Modern Furniture, Retail, Textiles, Finish, and Renovation. Strong business development professional.

For more information, please refer to the Page View included with this filing.

# **(E) Number of Employees**

The Company currently has 4 employees. The Company may hire or discharge employees in the future to meet its objectives.

# **(F) Risks of Investing**

A crowdfunding investment involves risk. **YOU SHOULD NOT INVEST ANY FUNDS IN THIS OFFERING UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT.** In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Please review the Educational Materials for risks that are common to many of the companies on the MainVest platform.

THESE SECURITIES ARE OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER FEDERAL LAW. THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THESE SECURITIES ARE EXEMPT FROM REGISTRATION. THE SEC HAS NOT PASSED UPON THE MERITS OF THE SECURITIES OR THE TERMS OF THE OFFERING, AND HAS NOT PASSED UPON THE ACCURACY OR COMPLETENESS OF THE OFFERING DOCUMENTS OR LITERATURE.

THESE SECURITIES HAVE NOT BEEN RECOMMENDED OR APPROVED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THESE AUTHORITIES HAVE NOT PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT.

Please refer to Appendix A for additional risks to consider when investing in this offering.

# **(G) Target Offering Amount and Offering Deadline**

| Target Offering Amount | $60,000 |
| --- | --- |
| Offering Deadline | May 26, 2023 |

If the sum of the investment commitments does not equal or exceed the Target Offering Amount as of the Offering Deadline, no securities will be sold in the offering, investment commitments will be canceled, and all committed funds will be returned. The Company may extend the Offering Deadline and shall treat such an extension as a material change to the original offer and provide Investors with notice and opportunity to reconfirm their investment in accordance with Section (K) of this Memorandum.

# **(H) Commitments that Exceed the Target Offering Amount**

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| Will the Company accept commitments that exceed the Target Offering Amount? | Yes |
| --- | --- |
| What is the maximum you will accept in this Offering? | $200,000 |
| If Yes, how will the Company deal with the oversubscriptions? | We will accept subscriptions on a first-come, first-served basis. |

#### (I) How the Company Intends to Use the Money Raised in the Offering

The Company is reasonably sure it will use the money raised in the offering as follows:

| Use | Amount (Minimum) | Amount (Maximum) |
| --- | --- | --- |
| Inventory | $55,950 | $186,500 |
| Mainvest Compensation | $4,050.000000000005 | $13,500 |
| TOTAL | $60,000.0 | $200,000 |

The amounts listed estimates and are not intended to be exact description of the Company's expenditures. Exact allocation and use of funds may vary based upon legitimate business expenditures and economic factors.

#### (J) The Investment Process

##### To Invest

- Review this Form C and the Campaign Page
- If you decide to invest, enter an amount and press the Invest button
- Follow the instructions

##### TO CANCEL YOUR INVESTMENT

Send an email to info@mainvest.com no later than 48 hours before the Offering Deadline or go to the dashboard for your user account to cancel manually. In your email, include your name and the name of the Company.

##### Other Information on the Investment Process

- Investors may cancel an investment commitment until 48 hours prior to the Offering Deadline.
- MainVest will notify investors when and if the Target Offering Amount has been raised.
- If the Company reaches the Target Offering Amount before the Offering Deadline, it may close the offering early if it provides notice about the new Offering Deadline at least five business days before such new Offering Deadline, absent a material change that would require an extension of the offering and reconfirmation of the investment commitment.
- If an investor does not cancel an investment commitment before the 48-hour period before the Offering Deadline, the funds will be released to the Company upon closing of the offering and the investor will receive securities in exchange for his or her investment.

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For additional information about the investment and cancellation process, see the Educational Materials.

#### (K) Material Changes

In the event the issuer undergoes a material change, the Investor will be notified of such change. The investor will have five (5) business days from the receipt of such notice to reconfirm their investment. IF AN INVESTOR DOES NOT RECONFIRM HIS OR HER INVESTMENT COMMITMENT WITHIN FIVE (5) DAYS OF THE NOTICE OF MATERIAL CHANGE BEING SENT, THE INVESTOR'S INVESTMENT COMMITMENT WILL BE CANCELLED, THE COMMITTED FUNDS WILL BE RETURNED, AND THE INVESTOR WILL NOT BE ISSUED ANY OF THE SECURITIES REFERENCED IN THIS OFFERING.

#### Explanation

A 'material change' means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs after you make an investment commitment but before the Offering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

#### (L) Price of the Securities

The Company is offering 'securities' in the form of revenue sharing notes, which we refer to as 'Notes.' The Notes are being offered at their face amount. For example, you will pay $1,000 for a Note with a face amount of $1,000.

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## (M) Terms of the Securities

### Overview

The Company is offering “securities” in the form of revenue sharing notes, which we refer to as the “Notes.” The Terms of the Notes are set forth in the Revenue Share Agreement accompanying this Form C in Appendix A. Copies of the Note and Revenue Sharing Agreement are attached to this Form C.

### Summary of Terms

| Revenue Percentage 1 | 1.5 - 5.0% 2 |
| --- | --- |
| Payment Deadline | 2031-06-30 |
| Maximum Payment Multiple 3 - Early Investors - All Other Investors | 1.7 x 1.5 x |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Accrual Rate | 3.65% |

$^{1}$ as defined in the note agreement included in Appendix A

$^{2}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 1.5% and a maximum rate of 5.0% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases. For example, a hypothetical offering could result in the following revenue sharing percentages, depending on the amount raised:

| Amount Raised | Revenue Sharing Percentage |
| --- | --- |
| $60,000 | 1.5% |
| $95,000 | 2.4% |
| $130,000 | 3.2% |
| $165,000 | 4.1% |
| $200,000 | 5.0% |

$^{3}$ To reward early participation, the investors who contribute the first $60,000.0 raised in the offering will receive a 1.7x cap. Investors who contribute after $60,000.0 has been raised in the offering will receive a 1.5x cap.

### Your Right to Payments under the Note

Your right to payments under the Note is set forth in the Note, together with a separate document

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called the Revenue Sharing Agreement. Copies of the Note and Revenue Sharing Agreement are attached to this Form C. Additionally, general terms are outlined below and in the Company's offering page.

# Obligation to Contribute Capital

Once you pay for your Note, you will have no obligation to contribute more money to the Company, and you will not be personally obligated for any debts of the Company. However, under some circumstances you could be required by law to return some or all of a distribution you receive from the Company.

# No Right to Transfer

You should plan to hold the Notes until maturity. The Notes will be illiquid (meaning you might not be able to sell them) for at least four reasons:

- The Revenue Sharing Agreement prohibits the sale or other transfer of Notes without the Company's consent.
- If you want to sell your Note the Company will have the first right of refusal to buy it, which could make it harder to find a buyer.
- Even if a sale were permitted, there is no ready market for Notes, as there would be for a publicly-traded stock.
- By law, for a period of one year you won't be allowed to transfer the Investor Shares except (i) to the Company itself, (ii) to an "accredited" investor, (iii) to a family or trust, or (iii) in a public offering of the Company's shares.

# Security

The Notes are not secured by any assets of the Company or any assets of persons associated with the Company.

# Modification of Terms of Notes

The terms of the Notes and the Revenue Sharing Agreement may be modified or amended with the consent of Investors holding 50% of the Notes, measured by the total amount outstanding under each Note.

# Other Classes of Securities

| Name of Security | Owners Common Stock |
| --- | --- |
| Number of Shares Outstanding | 13,680,189 |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | Yes |
| How these securities differ from the revenue sharing notes being offered to investors | Common Stock |

# Dilution of Rights

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The Company has the right to create additional classes of securities, both equity securities and debt securities (e.g., other classes of promissory notes). Some of these additional classes of securities could have rights that are superior to those of the Notes. For example, the Company could issue promissory notes that are secured by specific property of the Company.

### The People Who Control the Company

Each of these people owns 20% or more of the total voting power of the Company:

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Mary Molina | 51% |

### How the Exercise of Voting Rights Could Affect You

You will receive payments with respect to your Note only if the Company makes enough money to pay you, or, if the Company does not make enough money to pay you, if there is enough value in the collateral the Company pledged as security for the Notes.

The people with voting rights control the Company and make all the decisions about running its business. If they make good business decisions, it is more likely you will be paid. If they make poor business decisions, it is less likely you will be paid. For example, if they hire too many people and/or try to expand too quickly, the business could be harmed. The people with voting rights could also decide to file for bankruptcy protection, making it more difficult for you to be paid.

### How the Notes are Being Valued

The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

### (N) The Funding Portal

The Company is offering its securities through MainVest, Inc., which is a 'Funding Portal' licensed by the Securities and Exchange Commission and FINRA. MainVest Inc.'s Central Index Key (CIK) number is 0001746059, their SEC File number is 007-00162, and their Central Registration Depository (CRD) number is 298384.

### (O) Compensation of the Funding Portal

Upon successful funding of the Offering, the Funding Portal will receive as the 'Revenue Securement Fee'; 4.5% of the amount of the Offering raised by In-Network Users of the Platform plus 9.0% of the amount of the Offering raised by all other investors. 'In-Network Users' means a user of Mainvest.com who who have utilized the Company's specified in-network link on the Site.

### (P) Indebtedness of the Company

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| Creditor | Amount | Interest Rate | Maturity Date | Other Important Terms |
| --- | --- | --- | --- | --- |
| Simplicity Financial | $38,000 | 0% |  | friends and family |
| SBA eidl | $207,000 | 3.75% | 12/29/2028 |  |
| Stacy Sagowitz | $10,000 | 0% |  | friends and family |
| Susan Faria | $25,000 | 8% | 05/05/2025 |  |
| Shane McCutchen | $94,553 | 0% |  | friends and family |
| Tom Clark | $27,992 | 0% |  | friends and family |
| Upside | $52,269 | 0% |  | friends and family |
| William Dryer | $91,666 | 0% |  | friends and family |

#### (Q) Other Offerings of Securities within the Last Three Years

Start Engine Reg CF filing dated 2022-11-04 : Common Equity Offering raised $13,808.23

#### (R) Transactions Between the Company and “Insiders”

The Company has not entered into any business transactions, including stock Purchases, salaries, property rentals, consulting arrangements, guaranties, or other agreements with any individual identified in Section 227.201 (r)(1)-(4) of Regulation Crowdfunding during the 12 months preceding this Offering.

#### (S) The Company’s Financial Condition

##### Historical milestones

LOLA SNACKS is on a mission to improve your gut’s microbiome through innovative food technology while still being delicious. A family-first story, Mary Molina created Lola Snacks during a time when her household of six was receiving food assistance.

Everything about LOLA SNACKS has your health and the best results for your gut in mind; we want you to have the most innovative, conveniently healthy, sustainable gut supportive snacks for you and your family.

What began in her kitchen has relaunched post pandemic and is now a rapidly scaling business disrupting the energy bar category; by elevating taste and nutrition standards, we create delicious probiotic + prebiotic plant based energy bars. Utilizing innovative ingredients, such as gluten-free and dairy-free probiotics, with no refrigeration required to nourish your stomach. LOLA SNACKS has been operational since August 2012 and the brand’s current success is a resounding endorsement as an emerging leader in the bar space, with products available nationwide in over 3,000 doors across the natural and conventional grocery channels, convenience, food service, as well as e-commerce. Next on the horizon for LOLA SNACKS is a second expansion within the convenience and food service channels, growing distribution to 15,000 points over the next 12 months.

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“Our products are resonating with consumers; and we believe that this growth phase with simultaneous distribution and velocity attests to that. We couldn’t be more excited about the future of LOLA,” says Molina.

CA Fortune joins LOLA SNACKS in its excitement, the full-service, privately held consumer brands agency with a national scope that works in natural, conventional, and online channels and looks forward in partnership with CA Fortune to grow to 15,000 points of distribution over the next 12 months. That’s 400% in sales growth just in 2023!

Other challenges

LOLA SNACKS has had the following challenges that are not otherwise captured in the Financial Condition Section, the Risks Section, or the Financial Statements:

- ◦ PANDEMIC
  - ◦ We were among the first companies to experience supply chain issues due to the pandemic. Our co-packer’s workforce was decimated by the pandemic and as a result we missed several significant production runs resulting in PO cancellations and loss of distribution. We have rebuild our framework to reduce risk and maximize growth opportunities with leaders in the manufacturing space.

#### (T) The Company’s Financial Statements

Please see Appendix B for historical financial statements.

##### Pro Forma Income Statement

In order to illustrate its future earning potential, the Company has provided a summary of its - year financial forecast. The forecast has been developed by the Company using reasonable best efforts based on their understanding of the industry and market they wish to enter. Please refer to Section (F) of this Offering Memorandum for a list of the risks associated with an investment in the Company and utilizing any pro forma provided by the Company for making investment decisions.

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|  | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| --- | --- | --- | --- | --- | --- |
| Gross Sales | $1,663,333 | $1,829,666 | $1,957,742 | $2,055,629 | $2,117,297 |
| Cost of Goods Sold | $931,466 | $1,024,612 | $1,096,334 | $1,151,150 | $1,185,684 |
| Gross Profit | $731,867 | $805,054 | $861,408 | $904,479 | $931,613 |
| EXPENSES |  |  |  |  |  |
| Rent | $24,000 | $24,600 | $25,215 | $25,845 | $26,491 |
| Utilities | $12,000 | $12,300 | $12,607 | $12,922 | $13,245 |
| Salaries | $300,000 | $329,999 | $353,098 | $370,752 | $381,874 |
| Insurance | $6,000 | $6,150 | $6,303 | $6,460 | $6,621 |
| Repairs & Maintenance | $2,000 | $2,050 | $2,101 | $2,153 | $2,206 |
| Legal & Professional Fees | $8,000 | $8,200 | $8,405 | $8,615 | $8,830 |
| Marketing | $249,499 | $255,736 | $262,129 | $268,682 | $275,399 |
| Operating Profit | $130,368 | $166,019 | $191,550 | $209,050 | $216,947 |

#### (U) Disqualification Events

Neither The Company nor any individual identified by Section 227.503(a) of Regulation Crowdfunding is the subject of a disqualifying event as defined by Section 227.503 of Regulation Crowdfunding.

#### Explanation

A company is not allowed to raise money using Regulation Crowdfunding if certain designated people associated with the Company (including its directors or executive officers) committed certain prohibited acts (mainly concerned with violations of the securities laws) on or after May 16, 2016. (You can read more about these rules in the Educational Materials.) This item requires a company to disclose whether any of those designated people committed any of those prohibited acts before May 16, 2016.

#### (V) Updates on the Progress of the Offering

To track the investment commitments we've received in this Offering, click to see the Progress Bar.

#### (W) Annual Reports for the Company

The Company will file a report with the Securities and Exchange Commission annually and post the report on our website no later than 120 days after the end of each fiscal year. It's possible that at some point, the Company will not be required to file any more annual reports. We will notify you if that happens.

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# **(X) Our Compliance with Reporting Obligations**

The Company has never raised money using Regulation Crowdfunding before, and therefore has never been required to file any reports.

# **(Y) Other Information Prospective Investors Should Know About**

The Issuer may offer “Perks” as a means of showing appreciation to investors for supporting small community businesses. The offering of “Perks” by issuers is done purely on a voluntary basis and have no influence upon the terms of the Offering. As such, Investor “Perks” are not contractual conditions governed by “the Note” and are not enforceable under “the Note”.

# **Additional Information Included in the Form C**

|  | Most recent fiscal year-end (tax returns) | Prior fiscal year-end (tax returns) |
| --- | --- | --- |
| Total Assets | $111,268.00 | $94,486.00 |
| Cash & Cash Equivalents | $4,296.00 | $4,086.00 |
| Accounts Receivable | $106,971.00 | $29,941.00 |
| Short-term Debt | $67,377.00 | $83,513.00 |
| Long-term Debt | $528,032.00 | $508,690.00 |
| Revenues/Sales | $203,717.00 | $161,185.00 |
| Cost of Goods Sold | $110,584.00 | $85,228.00 |
| Taxes Paid | $0 | $0 |
| Net Income | $10,599.00 | $-196,892.00 |

Jurisdictions in which the Company intends to offer the securities:

AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, B5, GU, PR, VI, 1V

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**Attachment 2:** `lola_appxa.pdf`

# APPENDIX A: INVESTMENT RISKS

1

## YOU MIGHT LOSE YOUR MONEY

When you buy a certificate of deposit from a bank, the Federal government (through the FDIC) guarantees you will get your money back. Buying a Note is not like that at all. The ability of Lola Snacks to make the payments you expect, and ultimately to give you your money back, depends on a number of factors, including many beyond our control.

## LIMITED SERVICES

Lola Snacks operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

## LACK OF ACCOUNTING CONTROLS

Larger companies typically have in place strict accounting controls. Smaller companies typically lack these controls, exposing themselves to additional risk.

## COMPETITION

The market in which we operate is highly competitive and could become increasingly competitive with new entrants in the market. Lola Snacks competes with many other businesses, both large and small, on the basis of quality, price, location, and customer experience. Changes in customer preference away from Lola Snacks's core business or the inability to compete successfully against the with other competitors could negatively affect Lola Snacks's financial performance.

## RELIANCE ON MANAGEMENT

As a securities holder, you will not be able to participate in Lola Snacks's management or vote on and/or influence any managerial decisions regarding Lola Snacks. Furthermore, if the founders or other key personnel of Lola Snacks were to leave Lola Snacks or become unable to work, Lola Snacks (and your investment) could suffer substantially.

## FINANCIAL FORECASTS RISKS

The financial forecasts provided by us herein are reasonable forecasts by us based upon assumption of stable economic conditions and other various assumptions regarding operations. The validity and accuracy of these assumptions will depend in large part on future events over which Lola Snacks and the key persons will have no control. Changes in assumptions or their underlying facts could significantly affect the forecasts. To the extent that the assumed events do not occur, the outcome may vary significantly from the projected outcomes. Consequently, there can be no assurance that the actual operating results will correspond to the forecasts provided herein. Additionally, Lola Snacks is a newly established entity and therefore has no operating history from which forecasts could be projected with.

## INABILITY TO SELL YOUR INVESTMENT

The law prohibits you from selling your securities (except in certain very limited circumstances) for 12 months after you acquire them. Even after that one-year period, a host of Federal and State securities laws may limit or restrict your ability to sell your securities. Even if you are permitted to sell, you will likely have difficulty finding a buyer because there will be no established market. Given these factors, you should be prepared to hold your investment for its full term.

2

## THE COMPANY MIGHT NEED MORE CAPITAL

Lola Snacks might need to raise more capital in the future to fund/expand operations, buy property and equipment, hire new team members, market its services, pay overhead and general administrative expenses, or a variety of other reasons. There is no assurance that additional capital will be available when needed, or that it will be available on terms that are not adverse to your interests as an investor. If Lola Snacks is unable to obtain additional funding when needed, it could be forced to delay its business plan or even cease operations altogether.

## CHANGES IN ECONOMIC CONDITIONS COULD HURT LOLA SNACKS

Factors like global or national economic recessions, changes in interest rates, changes in credit markets, changes in capital market conditions, declining employment, changes in real estate values, changes in tax policy, changes in political conditions, and wars and other crises, among other factors are unpredictable and could negatively affect Lola Snacks's financial performance or ability to continue to operate. In the event Lola Snacks ceases operations due to the foregoing factors, it can not guarantee that it will be able to resume operations or generate revenue in the future.

## NO REGISTRATION UNDER SECURITIES LAWS

The Notes will not be registered with the SEC or the securities regulator of any State. Hence, neither Lola Snacks nor the Notes will be subject to the same degree of regulation and scrutiny as if they were registered.

## INCOMPLETE OFFERING INFORMATION

Title III does not require us to provide you with all the information that would be required in some other kinds of securities offerings, such as a public offering of shares (for example, publicly-traded firms must generally provide investors with quarterly and annual financial statements that have been audited by an independent accounting firm). Although Title III does require extensive information, it is possible that you would make a different decision if you had more information.

## LACK OF ONGOING INFORMATION

Lola Snacks will be required to provide some information to investors for at least 12 months following the offering. However, this information is far more limited than the information that would be required of a publicly-reporting company; and Lola Snacks is allowed to stop providing annual information in certain circumstances.

## UNINSURED LOSSES

Although Lola Snacks will carry some insurance, Lola Snacks may not carry enough insurance to protect against all risks to the business. Additionally, there are some kinds of risks that are very difficult or impossible to insure against, at least at a reasonable cost. Therefore, Lola Snacks could incur an uninsured loss that could damage its business.

## CHANGES IN LAWS

Changes in laws or regulations, including but not limited to zoning laws, environmental laws, tax laws, consumer protection laws, securities laws, antitrust laws, and health care laws, could negatively affect Lola Snacks's financial performance or ability to continue to operate. Specifically, any additional regulation on the industry could significantly negatively affect the

3

business.

#### CONFLICT OF INTEREST WITH COMPANIES AND THEIR MANAGEMENT

In many ways, your interests and the interests of Lola Snacks's management will coincide: you both want Lola Snacks to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Lola Snacks to act conservative to make sure they are best equipped to repay the Note obligations, while Lola Snacks might prefer to spend aggressively to invest in the business. You would like to keep the compensation of managers low, while managers want to make as much as they can.

#### FUTURE INVESTORS MIGHT HAVE SUPERIOR RIGHTS

If Lola Snacks needs more capital in the future and takes on additional debt or other sources of financing, the new investors might have rights superior to yours. For example, they might have the right to be paid before you are, to receive larger distributions, to have a greater voice in management, or otherwise.

#### THE COMPANY IS NOT SUBJECT TO THE CORPORATE GOVERNANCE REQUIREMENTS OF THE NATIONAL SECURITIES EXCHANGES

Any company whose securities are listed on a national stock exchange (for example, the New York Stock Exchange) is subject to a number of rules about corporate governance that are intended to protect investors. For example, the major U.S. stock exchanges require listed companies to have an audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Lola Snacks or management), which is responsible for monitoring Lola Snacks's compliance with the law. Lola Snacks will not be required to implement these and other investor protections.

#### YOU HAVE A LIMITED UPSIDE

Notes include a maximum amount you can receive. You cannot receive more than that even if Lola Snacks is significantly more successful than your initial expectations.

#### YOU DO HAVE A DOWNSIDE

Conversely, if Lola Snacks fails to generate enough revenue, you could lose some or all of your money.

#### PAYMENTS AND RETURN ARE UNPREDICTABLE

Because your payments are based on the revenue of Lola Snacks, and the revenue of Lola Snacks can go up or down (or even disappear altogether) unpredictably, it is impossible to predict how much you will receive and when. And because the payments are unpredictable, so is your ultimate return.

#### THE NOTES ARE UNSECURED AND UNINSURED

The Notes are not secured by any collateral, nor are they guaranteed or insured by the FDIC or any other entity.

#### SUBORDINATION

The Notes shall be subordinated to all indebtedness of Lola Snacks to banks, commercial finance

4

lenders, leasing and equipment financing institutions, and/or other institutions regularly engaged in the business of lending money.

#### LACK OF GUARANTY

The Notes are not personally guaranteed by any of the founders or any other person.

#### LIMITATION OF INDIVIDUAL RIGHTS IN EVENT OF DEFAULT

In the event of a default under the Notes, you will not be able to enforce your rights individually (for example, by bringing a lawsuit). Instead, a representative will be appointed according to the procedures set forth in the Note Indenture. It's possible that you will not like the representative, or that the representative will do things you believe are wrong or misguided. If an event of default has occurred and a representative has been appointed, all of the representative's reasonable expenses must be paid before any further payments are made with respect to the Notes.

#### COVID-19 IMPACT

The ongoing COVID-19 pandemic may impact the Company's ability to generate revenue and/or continue operations. If operations are ceased due to COVID-19 restrictions, the Company can not guarantee that it will resume operations in the future.

5

**Attachment 3:** `lola_appxb.pdf`

# LOLA GRANOLA BAR CORPORATION

# FINANCIAL STATEMENTS

YEAR ENDED DECEMBER 31, 2021 AND 2020

(Unaudited)

# INDEX TO FINANCIAL STATEMENTS

(UNAUDITED)

|  | Page |
| --- | --- |
| INDEPENDENT ACCOUNTANT'S REVIEW REPORT | 1 |
| FINANCIAL STATEMENTS: |  |
| Balance Sheet | 2 |
| Statement of Operations | 3 |
| Statement of Changes in Stockholders' Equity | 4 |
| Statement of Cash Flows | 5 |
| Notes to Financial Statements | 6 |

# INDEPENDENT ACCOUNTANT'S REVIEW REPORT

To the Board of Directors
Lola Granola Bar Corporation
Croton Falls, New York

We have reviewed the accompanying financial statements of Lola Granola Bar Corporation (the "Company,"), which comprise the balance sheet as of December 31, 2021 and December 31, 2020, and the related statement of operations, statement of shareholders' equity (deficit), and cash flows for the year ending December 31, 2021 and December 31, 2020, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

# Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

# Accountant's Responsibility

Our responsibility is to conduct the review in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion.

# Accountant's Conclusion

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America.

# Going Concern

As discussed in Note 11, certain conditions indicate that the Company may be unable to continue as a going concern. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

September 30, 2022
Los Angeles, California

- 1 -

# **LOLA GRANOLA BAR CORPORATION**

# **BALANCE SHEET**

**(UNAUDITED)**

| As of December 31, | 2021 | 2020 |
| --- | --- | --- |
| (USD $ in Dollars) |  |  |
| ASSETS |  |  |
| Current Assets: |  |  |
| Cash & Cash Equivalents | $4,296 | $4,086 |
| Accounts Receivable, net | 106,971 | 29,941 |
| Inventory | - | 60,459 |
| Total Current Assets | 111,268 | 94,486 |
| Total Assets | $111,268 | $94,486 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current Liabilities: |  |  |
| Accounts Payable | $59,712 | $59,712 |
| Credit Cards | - | 20,630 |
| Promissory Notes and Loans | 134,801 | 109,801 |
| Forward Financing | 166,019 | 171,677 |
| Shareholder Loan | 227,212 | 227,212 |
| Other Current Liabilities | 7,665 | 3,171 |
| Total Current Liabilities | 595,409 | 592,203 |
| Total Liabilities | 595,409 | 592,203 |
| STOCKHOLDERS EQUITY |  |  |
| Common Stock | 1,342,639 | 1,339,663 |
| Retained Earnings/(Accumulated Deficit) | (1,826,781) | (1,837,379) |
| Total Stockholders' Equity | (484,141) | (497,717) |
| Total Liabilities and Stockholders' Equity | $111,268 | $94,486 |

*See accompanying notes to financial statements.*

- 2 -

# **LOLA GRANOLA BAR CORPORATION**

# **STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

| For Fiscal Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| (USD $ in Dollars) |  |  |
| Net Revenue | $203,717 | $161,185 |
| Cost of Goods Sold | 110,584 | 85,228 |
| Gross profit | 93,133 | 75,957 |
| Operating expenses |  |  |
| General and Administrative | 121,886 | 217,201 |
| Research and Development | 456 | - |
| Sales and Marketing | 47,738 | 63,296 |
| Total operating expenses | 170,079 | 280,497 |
| Operating Income/(Loss) | (76,946) | (204,541) |
| Interest Expense | 4,494 | 3,171 |
| Other Loss/(Income) | (92,039) | (10,820) |
| Income/(Loss) before provision for income taxes | 10,599 | (196,892) |
| Provision/(Benefit) for income taxes | - | - |
| Net Income/(Net Loss) | $10,599 | $(196,892) |

*See accompanying notes to financial statements.*

- 3 -

# **LOLA GRANOLA BAR CORPORATION**  
 **STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY**  
 **(UNAUDITED)**---

| (in , $US) | Common Stock |  | Retained earnings/ (Accumulated Deficit) | Total Shareholder Equity |
| --- | --- | --- | --- | --- |
|  | Shares | Amount |  |  |
| Balance-December 31, 2019 | 252 | $1,339,663 | $(1,640,488) | $(300,825) |
| Issuance of Stock | 104 | - |  | - |
| Net income/(loss) |  |  | (196,892) | (196,892) |
| Balance-December 31, 2020 | 356 | 1,339,663 | $(1,837,379) | $(497,717) |
| Issuance of Stock | 61 | 2,977 |  | 2,977 |
| Net income/(loss) |  |  | 10,599 | 10,599 |
| Balance-December 31, 2021 | 417 | $1,342,639 | $(1,826,781) | $(484,141) |

*See accompanying notes to financial statements.*

---- 4 -

# **LOLA GRANOLA BAR CORPORATION**

# **STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

| For Fiscal Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| (USD $ in Dollars) |  |  |
| CASH FLOW FROM OPERATING ACTIVITIES |  |  |
| Net income/(loss) | $10,599 | $(196,892) |
| Changes in operating assets and liabilities: |  |  |
| Accounts receivable, net | (77,030) | 59,060 |
| Inventory | 60,459 | 9,036 |
| Accounts Payable | - | (15,440) |
| Credit Cards | (20,630) | 20,630 |
| Other Current Liabilities | 4,494 | 3,171 |
| Net cash provided/(used) by operating activities | (22,108) | (120,435) |
| CASH FLOW FROM INVESTING ACTIVITIES |  |  |
| Purchases of Property and Equipment | - | - |
| Net cash provided/(used) in investing activities | - | - |
| CASH FLOW FROM FINANCING ACTIVITIES |  |  |
| Issuance of Stock | 2,977 | - |
| Forward Financing | (5,658) | 110,785 |
| Borrowing on Shareholder Loans | - | 42,304 |
| Promissory Notes and Loans | 25,000 | - |
| Repayment of Notes and Loans | - | (30,577) |
| Net cash provided/(used) by financing activities | 22,319 | 122,512 |
| Change in Cash | 210 | 2,077 |
| Cash-beginning of year | 4,086 | 2,009 |
| Cash-end of year | $4,296 | $4,086 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |  |
| Cash paid during the year for interest | $ - | $ - |
| Cash paid during the year for income taxes | $ - | $ - |
| OTHER NONCASH INVESTING AND FINANCING ACTIVITIES AND SUPPLEMENTAL DISCLOSURES |  |  |
| Purchase of property and equipment not yet paid for | $ - | $ - |
| Issuance of equity in return for note | - | - |
| Issuance of equity in return for accrued payroll and other liabilities | - | - |

*See accompanying notes to financial statements.*

- 5 -

# LOLA GRANOLA BAR CORPORATION

## NOTES TO FINANCIAL STATEMENTS

### FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020---

#### 1. NATURE OF OPERATIONS

Lola Granola Bar Corporation was incorporated on August 23, 2012, in the state of New York. The financial statements of Lola Granola Bar Corporation (which may be referred to as the 'Company', 'we', 'us', or 'our') are prepared in accordance with accounting principles generally accepted in the United States of America ('U.S. GAAP'). The Company's headquarters are located in Croton Falls, New York.

Lola Snacks supports gut health through plant-based food and beverages to help improve health and well-being. Lola Snacks signature premium product, Lola Bars, replenish lost probiotics and nourish your gut's microbiome to aid digestion and boost immunity. Based in New York, Lola Snacks is a certified woman owned small business wholesale distributor bringing excitement and innovation to the food and beverage industry to support self-care through allergy friendly snacks with enhanced ingredients to support your health and well-being.

#### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

##### Basis of Presentation

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America ('US GAAP'). The Company has adopted the calendar year as its basis of reporting.

##### Use of Estimates

The preparation of financial statements in conformity with United States GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

##### Cash and Cash Equivalents

Cash and cash equivalents include all cash in banks. The Company's cash is deposited in demand accounts at financial institutions that management believes are creditworthy. The Company's cash and cash equivalents in bank deposit accounts, at times, may exceed federally insured limits. As of December 31, 2021 and December 31, 2020, the Company's cash and cash equivalents did not exceed FDIC insured limits.

##### Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are recorded at net realizable value or the amount that the Company expects to collect on gross customer trade receivables. We estimate losses on receivables based on known troubled accounts and historical experience of losses incurred. Receivables are considered impaired and written-off when it is probable that all contractual payments due will not be collected in accordance with the terms of the agreement. As of December 31, 2021, and 2020, the Company determined that no reserve was necessary.

---- 6 -

# LOLA GRANOLA BAR CORPORATION

## NOTES TO FINANCIAL STATEMENTS

**FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**

### Impairment of Long-lived Assets

Long-lived assets, such as property and equipment and identifiable intangibles with finite useful lives, are periodically evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We look for indicators of a trigger event for asset impairment and pay special attention to any adverse change in the extent or manner in which the asset is being used or in its physical condition. Assets are grouped and evaluated for impairment at the lowest level of which there are identifiable cash flows, which is generally at a location level. Assets are reviewed using factors including, but not limited to, our future operating plans and projected cash flows. The determination of whether impairment has occurred is based on an estimate of undiscounted future cash flows directly related to the assets, compared to the carrying value of the assets. If the sum of the undiscounted future cash flows of the assets does not exceed the carrying value of the assets, full or partial impairment may exist. If the asset carrying amount exceeds its fair value, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined using an income approach, which requires discounting the estimated future cash flows associated with the asset.

### Income Taxes

Lola Granola Bar Corporation is a C corporation for income tax purposes. The Company accounts for income taxes under the liability method, and deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided on deferred tax assets if it is determined that it is more likely than not that the deferred tax asset will not be realized. The Company records interest, net of any applicable related income tax benefit, on potential income tax contingencies as a component of income tax expense. The Company records tax positions taken or expected to be taken in a tax return based upon the amount that is more likely than not to be realized or paid, including in connection with the resolution of any related appeals or other legal processes. Accordingly, the Company recognizes liabilities for certain unrecognized tax benefits based on the amounts that are more likely than not to be settled with the relevant taxing authority. The Company recognizes interest and/or penalties related to unrecognized tax benefits as a component of income tax expense.

### *Concentration of Credit Risk*

The Company maintains its cash with a major financial institution located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $250,000. At times, the Company may maintain balances in excess of the federally insured limits.

### Revenue Recognition

The Company recognizes revenues in accordance with FASB ASC 606, Revenue from Contracts with Customers, when delivery of goods is the sole performance obligation in its contracts with customers. The Company typically collects payment upon sale and recognizes the revenue when the item has shipped and has fulfilled its sole performance obligation.

Revenue recognition, according to Topic 606, is determined using the following steps:

1) Identification of the contract, or contracts, with the customer: the Company determines the existence of a contract with a customer when the contract is mutually approved; the rights of each party in relation to the services to be transferred can be identified, the payment terms for the services can be identified, the customer has the capacity and intention to pay, and the contract has commercial substance.

---- 7 -

# LOLA GRANOLA BAR CORPORATION

## NOTES TO FINANCIAL STATEMENTS

### FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020

2) Identification of performance obligations in the contract: performance obligations consist of a promised in a contract (written or oral) with a customer to transfer to the customer either a good or service (or a bundle of goods or services) that is distinct or a series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.

3) Recognition of revenue when, or how, a performance obligation is met: revenues are recognized when or as control of the promised goods or services is transferred to customers.

The Company earns revenues from the sale of probiotic energy bars, trail mix granola, gluten free, vegan products.

#### Cost of sales

Costs of goods sold include the cost of goods sold and shipping costs.

#### Advertising and Promotion

Advertising and promotional costs are expensed as incurred. Advertising and promotional expenses for the years ended December 31, 2021, and December 31, 2020 amounted to $22,487 and $18,909, which is included in sales and marketing expenses.

#### Research and Development Costs

Costs incurred in the research and development of the Company's products are expensed as incurred.

#### Fair Value of Financial Instruments

The carrying value of the Company's financial instruments included in current assets and current liabilities (such as cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value due to the short-term nature of such instruments).

The inputs used to measure fair value are based on a hierarchy that prioritizes observable and unobservable inputs used in valuation techniques. These levels, in order of highest to lowest priority, are described below:

**Level 1**-Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities.

**Level 2**-Observable prices that are based on inputs not quoted on active markets but corroborated by market data.

**Level 3**-Unobservable inputs reflecting the Company's assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

#### COVID-19

In March 2020, the outbreak and spread of the COVID-19 virus was classified as a global pandemic by the World Health Organization. This widespread disease impacted the Company's business operations, including its employees, customers, vendors, and communities. The COVID-19 pandemic may continue to impact the Company's business operations and financial operating results, and there is substantial uncertainty in the nature and degree of its continued effects over time. The extent to which the pandemic impacts the business going forward will depend on numerous evolving factors management cannot reliably predict, including the duration and scope of the pandemic; governmental,

---- 8 -

# LOLA GRANOLA BAR CORPORATION

## NOTES TO FINANCIAL STATEMENTS

### FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020

business, and individuals' actions in response to the pandemic; and the impact on economic activity including the possibility of recession or financial market instability. These factors may adversely impact consumer and business spending on products as well as customers' ability to pay for products and services on an ongoing basis. This uncertainty also affects management's accounting estimates and assumptions, which could result in greater variability in a variety of areas that depend on these estimates and assumptions, including investments, receivables, and forward-looking guidance.

#### Subsequent Events

The Company considers events or transactions that occur after the balance sheet date, but prior to the issuance of the financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated through September 30, 2022, which is the date the financial statements were issued.

#### Recently Issued and Adopted Accounting Pronouncements

FASB issued ASU No. 2019-02, leases, that requires organizations that lease assets, referred to as 'lessees', to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with lease terms of more than twelve months. ASU 2019-02 will also require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases and will include qualitative and quantitative requirements. The new standard for nonpublic entities will be effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022, and early application is permitted. We are currently evaluating the effect that the updated standard will have on the financial statements and related disclosures.

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on our financial statements.

### 3. INVENTORY

Inventory consists of the following items:

| As of Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| Finished goods | - | 60,459 |
| Total Inventory | $ - | $60,459 |

### 4. DETAILS OF CERTAIN ASSETS AND LIABILITIES

Account receivables consist primarily of trade receivables and accounts payable consist primarily of trade payables.

Other current liabilities consist of the following items:

---- 9 -

# **LOLA GRANOLA BAR CORPORATION**

# **NOTES TO FINANCIAL STATEMENTS**

# **FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**

| As of Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| Accrued Interest | 7,665 | 3,171 |
| Total Other Current Liabilities | $7,665 | $3,171 |

# **5. CAPITALIZATION AND EQUITY TRANSACTIONS**

# **Common Stock**

The Company is authorized to issue 1,000 Common Stock with no par value. As of December 31, 2021, and December 31, 2020, 417 shares and 356 shares of Common Stock have been issued and are outstanding.

# **6. DEBT**

# **Promissory Notes & Loans**

During the years presented, the Company entered into promissory notes & loans agreements. The details of the Company's loans, notes, and the terms are as follows:

| Debt Instrument Name | Principal Amount | Interest Rate | Borrowing Period | Maturity Date | For the Year Ended December 2021 |  |  |  |  | For the Year Ended December 2020 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | Interest Expense | Accrued Interest | Current Portion | Non-Current Portion | Total Indebtedness | Interest Expense | Accrued Interest | Current Portion | Non-Current Portion | Total Indebtedness |
| Promissory Note - Susan M. Faria | $25,000 | 16.00% | 5/22/2022 | 11/22/2022 | $ - | - | $25,000 | $ - | $25,000 | $ - | $ - | - | - | - |
| Promissory Note - Stacy Sagowitz | $10,000 | 15.00% | 11/18/2020 | 11/20/2021 | $1,500 | 1,677 | $10,000 | $ - | $10,000 | $177 | $177 | $10,000 | $ - | $10,177 |
| Loan and Security Agreement - Diamond Capita | $500,000 | 3.00% | 2/22/2019 | 2/22/2019 | $2,994 | 5,988 | $99,801 | - | $105,789 | $2,994 | $2,994 | $99,801 | $ - | $102,795 |
| Total |  |  |  |  | $4,494 | $7,665 | $134,801 | $ - | $140,789 | $3,171 | $3,171 | $109,801 | $ - | $112,971 |

The summary of the future maturities is as follows:

| As of Year Ended December 31, 2021 |  |
| --- | --- |
| 2022 | $134,801 |
| 2023 | - |
| 2024 | - |
| Thereafter | - |
| Total | $134,801 |

# **Forward Financing**

During fiscal year 2019, the Company entered into a finance agreement with Simplicity Financial Solution. As of December 31, 2021, December 31, 2020, the outstanding balance of this kind of financing is in the amount of $52,857 and $58,515, and entire amount is classified as the current portion.

During fiscal year 2020, the Company entered into the finance agreement with Upside Lending LLC. The lender provides the Company with the advance amount in exchange for sale of receivables to the lender. As of December 31, 2021, December 31, 2020, the outstanding balance of this kind of financing is in the amount of $52,269 and $52,269, and entire amount is classified as the current portion.

- 10 -

# **LOLA GRANOLA BAR CORPORATION**

# **NOTES TO FINANCIAL STATEMENTS**

# **FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**

During fiscal year 2018, the Company entered into a finance agreement with Lucida Funding Corporation. As of December 31, 2021, December 31, 2020, the outstanding balance of this kind of financing is in the amount of $60,892 and $60,892, and the entire amount is classified as the current portion.

# **Owner Loans**

During the years presented, the Company borrowed money from the owners. The details of the loans from the owners are as follows:

| Owner | Principal Amount | Interest Rate | Maturity Date | For the Year Ended December 2021 |  |  | For the Year Ended December 2020 |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | Current Portion | Non-Current Portion | Total Indebtedness | Current Portion | Non-Current Portion | Total Indebtedness |
| Tom Clark | $27,992 | 0.00% | No set maturity | $27,992 |  | $27,992 | $27,992 |  | $27,992 |
| Shane McCutchen | $3,554 | 0.00% | No set maturity | $3,554 |  | $3,554 | $3,554 |  | $3,554 |
| Joe Montalto | $13,000 | 0.00% | No set maturity | $13,000 |  | $13,000 | $13,000 |  | $13,000 |
| Shane McCutchen | $91,000 | 0.00% | No set maturity | $91,000 |  | $91,000 | $91,000 |  | $91,000 |
| William Dwyer | $91,667 | 0.00% | No set maturity | $91,667 |  | $91,667 | $91,667 |  | $91,667 |
| Total |  |  |  | $227,212 | $ - | $227,212 | $227,212 | $ - | $227,212 |

The imputed interest for 0% interest loans was deemed immaterial and thus not recorded. Since there is no maturity date set and thus the loan may be called at any time, the loan was classified as current.

# **7. INCOME TAXES**

The provision for income taxes for the year ended December 31, 2021, and December 31, 2020, consists of the following:

| As of Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| Net Operating Loss | $(20,685) | $(47,541) |
| Valuation Allowance | 20,685 | 47,541 |
| Net Provision for income tax | $ - | $ - |

Significant components of the Company's deferred tax assets and liabilities on December 31, 2021, and December 31, 2020 are as follows:

| As of Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| Net Operating Loss | $(113,868) | $(93,183) |
| Valuation Allowance | 113,868 | 93,183 |
| Total Deferred Tax Asset | $ - | $ - |

Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. On the basis of this evaluation, the Company has determined that it is more likely than not that the Company will not recognize the benefits of the federal and state net deferred tax assets, and, as a result, full valuation allowance has been set against its net deferred tax assets as of December 31, 2021, and December 31, 2020. The amount of the deferred tax asset to be realized could be adjusted if estimates of future taxable income during the carryforward period are reduced or increased.

- 11 -

# LOLA GRANOLA BAR CORPORATION

## NOTES TO FINANCIAL STATEMENTS

### FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020

For the fiscal year ending December 31, 2021, the Company had federal cumulative net operating loss ('NOL') carryforwards of $414,065, and the Company had state net operating loss ('NOL') carryforwards of approximately $414,065. Utilization of some of the federal and state NOL carryforwards to reduce future income taxes will depend on the Company's ability to generate sufficient taxable income prior to the expiration of the carryforwards. The federal net operating loss carryforward is subject to an 80% limitation on taxable income, does not expire, and will carry on indefinitely.

The Company recognizes the impact of a tax position in the financial statements if that position is more likely than not to be sustained on a tax return upon examination by the relevant taxing authority, based on the technical merits of the position. As of December 31, 2021, and December 31, 2020, the Company had no unrecognized tax benefits.

The Company recognizes interest and penalties related to income tax matters in income tax expense. As of December 31, 2021, and December 31, 2020, the Company had no accrued interest and penalties related to uncertain tax positions.

#### 8. RELATED PARTY

The Company borrowed money from four shareholders in the aggregate amount of $227,212. The loans bear no interest rate and has no defined maturity date. Since there is no maturity date set and thus the loan may be called at any time, the loan was classified as current.

#### 9. COMMITMENTS AND CONTINGENCIES

##### Contingencies

The Company's operations are subject to a variety of local and state regulation. Failure to comply with one or more of those regulations could result in fines, restrictions on its operations, or losses of permits that could result in the Company ceasing operations.

##### Litigation and Claims

From time to time, the Company may be involved in litigation relating to claims arising out of operations in the normal course of business. As of December 31, 2021, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of the Company's operations.

#### 10. SUBSEQUENT EVENTS

The Company has evaluated subsequent events for the period from December 31, 2021, through September 30, 2022, which is the date the financial statements were available to be issued.

There have been no other events or transactions during this time which would have a material effect on these financial statements.

---- 12 -

# **LOLA GRANOLA BAR CORPORATION**

# **NOTES TO FINANCIAL STATEMENTS**

**FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**

# **11. GOING CONCERN**

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a net operating loss of $76,946, an operating cash flow loss of $22,108, and liquid assets in cash of $4,296, which less than a year's worth of cash reserves as of December 31, 2021. These factors normally raise doubt about the Company's ability to continue as a going concern.

The Company's ability to continue as a going concern in the next twelve months following the date the financial statements were available to be issued is dependent upon its ability to produce revenues and/or obtain financing sufficient to meet current and future obligations and deploy such to produce profitable operating results.

Management has evaluated these conditions and plans to generate revenues and raise capital as needed to satisfy its capital needs. During the next twelve months, the Company intends to fund its operations through debt and/or equity financing.

There are no assurances that management will be able to raise capital on terms acceptable to the Company. If it is unable to obtain sufficient amounts of additional capital, it may be required to reduce the scope of its planned development, which could harm its business, financial condition, and operating results. The accompanying financial statements do not include any adjustments that might result from these uncertainties.

---- 13 -

**Attachment 4:** `lola_rsn.pdf`

![img-0.jpeg](img-0.jpeg)

## INVESTMENT AGREEMENT

facilitated by

![img-1.jpeg](img-1.jpeg)

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# INVESTMENT AGREEMENT

This is an Investment Agreement, by and between **Lola Granola Bar** (the “Company”) and the purchaser identified on the Investor Information Sheet (“Purchaser”).

## BACKGROUND

Purchaser wishes to purchase a Revenue Sharing Note issued by the Company through www.Mainvest.com (the “Site”). NOW, THEREFORE, acknowledging the receipt of adequate consideration and intending to be legally bound, the parties hereby agree as follows:

### 1. Defined Terms

Capitalized terms that are not otherwise defined in this Investment Agreement have the meanings given to them in the Company’s Form C and its attachments, all available at the Site. In this Investment Agreement, we refer to the Form C and its attachments as the “Disclosure Document.” We sometimes refer to the Company using terms like “we” or “us,” and to Purchaser using terms like “you” or “your.”

### 2. Purchase of Note

Subject to the terms and conditions of this Investment Agreement, the Company hereby agrees to sell to you, and you hereby agree to purchase from the Company, a promissory note as described in the Disclosure Document, in the amount set forth on the Investor Information Sheet. We refer to your promissory note as the “Note.”

### 3. No Right to Cancel

You do not have the right to cancel your subscription or change your mind. Once you sign this Investment Agreement, you are obligated to purchase the Note, no matter what, even if the Offering is over-subscribed and the amount of your Note is reduced.

### 4. Our Right to Reject Investment

In contrast, we have the right to reject your subscription for any reason or for no reason, in our sole discretion. If we reject your subscription, any money you have given us will be returned to you.

### 5. Your Promises

You promise that:

#### 5.1. Accuracy of Information

All of the information you have given to us, whether in this Investment Agreement, at the Site, or otherwise, is accurate and we may rely on it. If any of the information you have given to us changes before we accept your subscription, you will notify us immediately. If any of the information you have given to us is inaccurate and we are harmed as a result, you will indemnify us, meaning you will pay any damages.

#### 5.2. Review of Information

You have read and understand the Disclosure Document. Without limiting that sentence, you have read and understand the Note and the Revenue Sharing Agreement.

#### 5.3. Risks

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You understand all the risks of investing, including the risk that you could lose all your money. Without limiting that statement, you have reviewed and understand all the risks listed in the Educational Materials at the Site and in the Disclosure Document.

#### 5.4. No Representations

Nobody has made any promises or representations to you, except the information in the Disclosure Document. Nobody has guaranteed any financial outcome of your investment.

#### 5.5. Opportunity to Ask Questions

You have had the opportunity to ask questions about the Company and the investment. All your questions have been answered to your satisfaction.

#### 5.6. Your Legal Power to Sign and Invest

You have the legal power to sign this Investment Agreement and purchase the Note.

#### 5.7. No Government Approval

You understand that no state or federal authority has reviewed this Investment Agreement or the Note or made any finding relating to the value or fairness of the investment.

#### 5.8. No Transfer

You understand that under the terms of the Revenue Sharing Agreement, the Note may not be transferred without our consent. Also, securities laws limit transfer of the Note. Finally, there is currently no market for the Note, meaning it might be hard to find a buyer. As a result, you should be prepared to hold the Note through its maturity.

#### 5.9. No Advice

We have not provided you with any investment, financial, or tax advice. Instead, we have advised you to consult with your own legal and financial advisors and tax experts.

#### 5.10. Tax Treatment

We have not promised you any particular tax outcome from buying or holding the Note.

#### 5.11. Acting On Your Own Behalf

You are acting on your own behalf in purchasing the Note, not on behalf of anyone else.

#### 5.12. Investment Purpose

You are purchasing the Note solely as an investment, not with an intent to re-sell or “distribute” any part of it.

#### 5.13. Anti-Money Laundering Laws

Your investment will not, by itself, cause the Company to be in violation of any “anti-money laundering” laws, including, without limitation, the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, and the United States International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001.

#### 5.14. Additional Information

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At our request, you will provide further documentation verifying the source of the money used to purchase the Note.

#### 5.15. Disclosure

You understand that we may release confidential information about you to government authorities if we determine, in our sole discretion after consultation with our lawyer, that releasing such information is in the best interest of the Company or if we are required to do so by such government authorities.

#### 5.16. Additional Documents

You will execute any additional documents we request if we reasonably believe those documents are necessary or appropriate and explain why.

#### 5.17. No Violations

Your purchase of the Note will not violate any law or conflict with any contract to which you are a party.

#### 5.18. Enforceability

This Investment Agreement is enforceable against you in accordance with its terms.

#### 5.19. No Inconsistent Statements

No person has made any oral or written statements or representations to you that are inconsistent with the information in this Investment Agreement and the Disclosure Materials.

#### 5.20. Financial Forecasts

You understand that any financial forecasts or projections are based on estimates and assumptions we believe to be reasonable but are highly speculative. Given the industry, our actual results may vary from any forecasts or projections.

#### 5.21. Notification

If you discover at any time that any of the promises in this section 5 are untrue, you will notify us right away.

#### 5.22. Additional Promises by Individuals

If you are a natural person (not an entity), you also promise that:

##### 5.22.1. U.S. Citizen or Resident

You are a citizen or permanent resident (green card) of the United States.

##### 5.22.2. Financial Wherewithal

You can afford this investment, even if you lose your money. You don't rely on this money for your current needs, like rent or utilities.

##### 5.22.3. Anti-Terrorism and Money Laundering Laws

None of the money used to purchase the Note was derived from or related to any activity

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that is illegal under United States law, and you are not on any list of “Specially Designated Nationals” or known or suspected terrorists that has been generated by the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”), nor are you a citizen or resident of any country that is subject to embargo or trade sanctions enforced by OFAC.

## 6. Confidentiality

The information we have provided to you about the Company, including the information in the Disclosure Document, is confidential. You will not reveal such information to anyone or use such information for your own benefit, except to purchase the Note.

## 7. Re-Purchase of Note

If we decide that you provided us with inaccurate information or have otherwise violated your obligations, or if required by any applicable law or regulation related to terrorism, money laundering, and similar activities, we may (but shall not be required to) repurchase your Note for an amount equal to the principal amount outstanding.

## 8. Governing Law

Your relationship with us shall be governed by Massachusetts law, without taking into account principles of conflicts of law.

## 9. Arbitration

### 9.1. Right to Arbitrate Claims

If any kind of legal claim arises between us as a result of your purchase of the Note, either of us will have the right to arbitrate the claim, rather than use the courts. There are only three exceptions to this rule. First, we will not invoke our right to arbitrate a claim you bring in Small Claims Court or an equivalent court, if any, so long as the claim is pending only in that court. Second, we have the right to seek an injunction in court if you violate or threaten to violate your obligations. Third, disputes arising under the Note or the Revenue Sharing Agreement will be handled in the manner described in the Revenue Sharing Agreement.

### 9.2. Place of Arbitration; Rules

All arbitration will be conducted in Massachusetts unless we agree otherwise in writing in a specific case. All arbitration will be conducted before a single arbitrator in accordance with the rules of the American Arbitration Association.

### 9.3. Appeal of Award

Within thirty (30) days of a final award by the single arbitrator, you or we may appeal the award for reconsideration by a three-arbitrator panel. If you or we appeal, the other party may cross-appeal within thirty (30) days after notice of the appeal. The panel will reconsider all aspects of the initial award that are appealed, including related findings of fact.

### 9.4. Effect of Award

Any award by the individual arbitrator that is not subject to appeal, and any panel award on appeal, shall be final and binding, except for any appeal right under the Federal Arbitration Act, and may be entered as a judgment in any court of competent jurisdiction.

5

### 9.5. No Class Action Claims

NO ARBITRATION SHALL PROCEED ON A CLASS, REPRESENTATIVE, OR COLLECTIVE BASIS. No party may join, consolidate, or otherwise bring claims for or on behalf of two or more individuals or unrelated corporate entities in the same arbitration unless those persons are parties to a single transaction. An award in arbitration shall determine the rights and obligations of the named parties only, and only with respect to the claims in arbitration, and shall not (i) determine the rights, obligations, or interests of anyone other than a named party, or resolve any claim of anyone other than a named party, or (ii) make an award for the benefit of, or against, anyone other than a named party. No administrator or arbitrator shall have the power or authority to waive, modify, or fail to enforce this paragraph, and any attempt to do so, whether by rule, policy, arbitration decision or otherwise, shall be invalid and unenforceable. Any challenge to the validity of this paragraph shall be determined exclusively by a court and not by the administrator or any arbitrator. If this paragraph shall be deemed unenforceable, then any proceeding in the nature of a class action shall be handled in court, not in arbitration.

### 10. Consent to Electronic Delivery

You agree that we may deliver all notices, tax reports and other documents and information to you by email or another electronic delivery method we choose. You agree to tell us right away if you change your email address or home mailing address so we can send information to the new address.

### 11. Notices

All notices between us will be electronic. You will contact us by email at the address indicated on the Company Signature Page below. We will contact you by email at the email address below. Either of us may change our email address by notifying the other (by email). Any notice will be considered to have been received on the day it was sent by email, unless the recipient can demonstrate that a problem occurred with delivery. You should designate our email address as a “safe sender” so our emails do not get trapped in your spam filter.

### 12. Limitations on Damages

WE WILL NOT BE LIABLE TO YOU FOR ANY LOST PROFITS OR SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, EVEN IF YOU TELL US YOU MIGHT INCUR THOSE DAMAGES. This means that at most, you can sue us for the amount of your investment. You can’t sue us for anything else.

### 13. Waiver of Jury Rights

IN ANY DISPUTE WITH US, YOU AGREE TO WAIVE YOUR RIGHT TO A TRIAL BY JURY. This means that any dispute will be heard by an arbitrator or a judge, not a jury.

### 14. Miscellaneous Provisions

#### 14.1. No Transfer

You may not transfer your rights or obligations.

#### 14.2. Right to Legal Fees

If we have a legal dispute with you, the losing party will pay the costs of the winning party, including reasonable legal fees.

#### 14.3. Headings

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The headings used in this Investment Agreement (e.g., the word “Headings” in this paragraph), are used only for convenience and have no legal significance.

#### 14.4. No Other Agreements

This Investment Agreement and the Exhibits attached hereto are the only agreements between us.

#### 14.5 Electronic Signature

You will sign this Investment Agreement electronically, rather than physically.

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# COMPANY SIGNATURE PAGE

Intending to be bound by this Investment Agreement and the Exhibits attached hereto, the Company has executed this document:

Signature: Mary Molina
Name: Mary Molina
Title: President
Date: 03/22/2023
Email Address: HELLO@lolasnacks.com

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# INVESTOR INFORMATION SHEET

*If Purchaser is an entity*

Name of Purchaser: ____________________ Name of Affiliated Person: ____________________

Email Address: ____________________ Title: ____________________

Mailing Address: ____________________ State of Organization: ____________________

____________________
____________________

# ADDITIONAL TERMS

Investment Amount: ____________________

Revenue Percentage: ____________________

Principal Amount: ____________________

Purchaser Percentage: ____________________

# INVESTOR SIGNATURE

Signature: ____________________

Date: ____________________

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# EXHIBIT A

## REVENUE SHARING NOTE

THIS REVENUE SHARING NOTE (THE “NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED WITHOUT THE CONSENT OF THE COMPANY AND COMPLYING WITH SECURITIES LAWS.

THIS NOTE REPRESENTS THE OBLIGATION OF **Lola Granola Bar** (THE “COMPANY”) AND WAS ISSUED PURSUANT TO (i) AN OFFERING MEMORANDUM FILED WITH THE SEC IN CONJUNCTION WITH THE COMPANY’S FORM C, AND (ii) THE INVESTMENT AGREEMENT, WHICH ARE AVAILABLE FOR REVIEW AT WWW.MAINVEST.COM (THE “SITE”).

CAPITALIZED TERMS THAT ARE NOT OTHERWISE DEFINED IN THIS NOTE HAVE THE MEANINGS GIVEN TO THEM IN THOSE DOCUMENTS.

| Issuer | Lola Granola Bar |
| --- | --- |
| Maximum Payment Multiple 2 - Early Investors - All Other Investors | 1.7 x 1.5 x |
| Revenue Percentage 1 | 1.5 - 5.0% |
| Payment Frequency | Quarterly |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Maturity Date | 06/30/2031 |
| Accrual Rate | 3.65% |

$^{1}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 1.5% and a maximum rate of 5.0% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases.

$^{2}$ To reward early participation, the investors who contribute the first $60,000.0 raised in the offering will receive a 1.7x cap. Investors who contribute after $60,000.0 has been raised in the offering will receive a 1.5x cap.

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## 1. Revenue Sharing Agreement

This Note is subject to the Company's Revenue Sharing Agreement attached hereto as Exhibit B as if all the terms of the Revenue Sharing Agreement were set forth in this Note.

## 2 Payment Obligation

### 2.1 First Payment

On the First Payment Date, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage (as defined in the Investor Information Sheet above), multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period beginning on the Sharing Start Date and ending on the last day of the month before the First Payment Date.

### 2.2. Subsequent Quarterly Payments

On the date three (3) months following the First Payment Date, and on each three (3) month anniversary thereafter, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage, multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period of three (3) months beginning immediately on the day after the previous calculation.

### 2.3. Prepayment

At any time, without notice to Purchaser, The Company may pay to Purchaser any amount in excess of the payments required by sections 2.1 and 2.2.

### 2.4. Termination of Payments

Notwithstanding section 2.2, no payments shall be due to Purchaser after Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the 'Maximum Payment Amount.'

### 2.5. Payment on Maturity Date

Unless payments have already terminated as a result of section 2.4, on the Maturity Date the Company shall pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

### 2.6. Payment on Change of Control

#### 2.6.1. General Rule

If the Company experiences a Change of Control, then the Company shall promptly pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

#### 2.6.2 Change of Control Defined

For purposes of this Note, the term 'Change of Control' means (i) the sale, transfer

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or other disposition of all or substantially all of the Company's assets and business; or (ii) the sale, transfer or other disposition of outstanding securities of the Company representing at least Fifty Percent (50%) of the voting power of the Company; or (iii) a merger or consolidation of the Company with or into another entity, such as another limited liability or corporation, except a merger or consolidation in which the owners of the Company's equity securities immediately before such merger or consolidation continue to own securities representing more than Fifty Percent (50%) of the voting power of the Company or the surviving or acquiring entity; or (iv) the liquidation, dissolution or winding up of the Company. It does not mean a change in the corporate form of the Company, e.g., a change from a limited liability company to a corporation, or a change in the jurisdiction of the Company's organization.

### 2.7. Total Revenue Defined

The 'Total Revenue' of the Company for any period means the gross sales price of all merchandise, gift or merchandise certificates, or services sold by the Company during the period, using the same method of accounting used for Federal income tax purposes, reduced by (i) the sales price of all merchandise returned by customers and accepted for full credit or the amount of discounts and allowances made on such merchandise to the extent previously included in revenue; (ii) the amount of any sales taxes, so-called luxury taxes, consumers' excise taxes, gross receipts taxes, and other similar taxes imposed upon the sale of merchandise or services, but only if collected separately from the selling price of merchandise or services and collected from customers and paid to the taxing authority; (iii) the amount of any sales of fixtures, equipment, or other property which are not stock in trade of the Company; (iv) the amount of any sales of gift or merchandise certificates until converted to a sale by redemption for actual merchandise or services; (v) any cash or credit discount, allowance, or refund made upon any sales; and (vi) tips or gratuities paid by customers to or for the benefit of the Company's employees which are retained by the Company's employees.

### 3. Nature of Obligation

For all purposes, including but limited to Federal and State tax purposes, this Note shall be treated as a debt and not as an equity interest.

### 4) Treatment of Interest

For Federal and State tax purposes (i) interest shall accrue at the Accrual Rate, and (ii) payments made pursuant to section 2 shall first be treated as interest, up to the amount of interest so accrued, then shall be treated as principal, until Purchaser has received, as principal, the entire Principal Amount, and then shall be treated as interest.

### 5) No Violation of Usury Laws

If any payment required under this Note would otherwise violate any law limiting the amount of interest that may be charged (i.e., 'usury' laws), then, notwithstanding section 3, the amount in excess of the allowable interest payment shall be deemed to be a direct interest in the Company's income, and not as interest.

### 6) Consequences of Default

Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

6.1 Any unpaid amounts under section 2 shall bear interest at one and one-quarter percent (1.25%) per month;

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6.2. Purchaser may immediately demand from Company an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3; and

6.3. Purchaser may exercise any other remedy available in the Revenue Sharing Agreement or by law.

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# EXHIBIT B

## REVENUE SHARING AGREEMENT

This Revenue Sharing Agreement is entered into by **Lola Granola Bar** (the “Company”) and each person who acquires a Revenue Sharing Note referencing this Revenue Sharing Agreement (a “Holder”). Background A. The Company sold Revenue Sharing Notes (the “Notes”) to the Holders through Mainvest, Inc. (the “Portal”) at www.Mainvest.com (the “Site”). B. This Revenue Sharing Agreement sets forth certain terms applicable to the Notes that are not set forth in the Notes themselves. NOW, THEREFORE, acknowledging the receipt of adequate consideration and intending to be legally bound, the parties hereby agree as follows:

### 1. Application of this Revenue Sharing Agreement to Notes

The terms of this Revenue Sharing Agreement shall apply to each Note as if the terms of this Revenue Sharing Agreement were fully set forth in each Note.

### 2. Pro Rata Payments

Payments to the Holders shall be pro rata with other Holders who purchased Notes in the same offering, based on the Principal Amount of each such Note. If a Holder receives a payment in excess of his, her, or its pro rata share, the excess shall be deemed to be held in trust for the benefit of other Holders.

### 3. Form of Payments

All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

### 4. Withholding

If any withholding tax is imposed on any payment made by the Company to a Holder pursuant to a Note, such tax shall reduce the amount otherwise payable with respect to such payment. Upon request of the Company, the Holder shall provide the Company with an Internal Revenue Service Form W-9 or other similar withholding certificate of a State, local or foreign governmental authority such that the Company may make payments under the Note without deduction for, or at a reduced rate of deduction for, any tax.

### 5. Voting Rights

Ownership of a Note does not give the Holder the right to vote or otherwise participate in the management of the Company.

### 6. Restrictions on Holders

No Holder may, under any circumstances (i) take any action to collect a Note, except as provided in this Revenue Sharing Agreement; or (ii) record, or try to record, a Note or any other instrument relating to a Note.

### 7. Transfers of Notes

#### 7.1. Conditions on Permitted Transfers

In the event a Holder proposes to sell or transfer a Note, the Company may, but shall not be required to, impose reasonable conditions on such sale or transfer including, but not limited,

14

to: (i) Notes may be transferred only in whole units, i.e., fractions of Notes may not be transferred; (ii) the transferee shall agree in writing to be bound by this Revenue Sharing Agreement; (iii) the transferor shall provide the Company with an opinion of counsel, satisfactory in form and substance to the Company's counsel, stating that the transfer is exempt from registration under the Securities Act of 1933 and other applicable securities laws; and (iv) the transferor and transferee shall together pay in advance for any reasonable expenses the Company expects to incur in connection with the transfer, including attorneys' fees.

## 7.2. First Right of Refusal

### 7.2.1. In General

In the event a Holder (the 'Selling Holder') desires to sell or otherwise transfer one or more Notes (the 'Transfer Notes') to a third party, he, she, or it shall notify the Company, specifying the Note(s) to be transferred, the purchase price, the form of consideration, and all other material terms, as well as a copy of the legally-binding, non-contingent agreement setting forth such terms (the 'Sales Notice'). Within thirty (30) days after receipt of the Sales Notice, the Company shall notify the Selling Holder whether the Company or a person designated by the Company elects to purchase all (but not less than all) of the Transfer Notes. If the Company has not elected to purchase all of the Transfer Notes within the thirty (30) day period described above, the Selling Holder may proceed with the sale to the proposed purchaser, subject to section 5.1. If the Company does not elect to purchase the Transfer Notes within the thirty (30) day period described above, and the Selling Holder and the purchaser subsequently agree to a reduction of the purchase price, a change in the consideration from cash or readily tradeable securities to deferred payment obligations or non-tradeable securities, or any other material change to the terms set forth in the Sales Notice, such agreement between the Selling Holder and the purchaser shall be treated as a new offer and shall again be subject to this section.

### 7.2.2. Exception

This section 7.2 (the Company's first right of refusal) will not apply to a transfer by a Holder to or for the benefit of the Holder's spouse, child, or grandchild, or to a trust for their exclusive benefit. However, the transferee must sign a document agreeing to be bound by all of the terms and conditions of this Revenue Sharing Agreement, and the transferee may not transfer the Note under this section 7.2.2.

## 8. No Security Interest

Holders shall have no security interest in any of the Company's assets or other collateral. Nothing in this Revenue Sharing Agreement or in the Notes, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, now in effect or hereafter enacted and made effective, in any jurisdiction.

## 9. Subordination

Each Note shall be subordinated to all indebtedness of the Company to banks, commercial finance lenders, leasing and equipment financing institutions and/or other institutions regularly engaged in the business of lending money.

## 10. Amendment

15

Each Note and this Revenue Sharing Agreement may be amended with the written consent of (i) the Company, and (ii) Holders who own more than fifty percent (50%) of all such Notes issued in the same offering.

#### 11. No Pre-Emptive Rights

If the Company raises more capital following the offering in which the Notes were issued, the Company might offer to Holders the opportunity to invest, but will not be required to do so. This means the Holders do not have 'pre-emptive rights' to invest.

#### 12. Waivers

The Company hereby waives presentment for payment, demand, notice of dishonor, protest and notice of protest of this Note and all other notices in connection with delivery, acceptance, performance, default or enforcement of the payment of this Note. Liability hereunder shall be unconditional and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver, or modification consented to by Holders.

#### 13. Defaults and Remedies

##### 13.1 Events of Default

An 'Event of Default' shall be deemed to have occurred for purposes of this Revenue Sharing Agreement if (and only if):

13.1.1. The Company fails to pay to a Holder any amount due and such failure continues for fifteen (15) days following written notice to the Company; or

13.1.2. The Company files (i) a voluntary petition in bankruptcy; or (ii) a petition or an answer seeking reorganization or an arrangement with creditors, or to take advantage of any insolvency, readjustment of loan, dissolution or liquidation law or statute; or (iii) an answer admitting the material allegations of a petition filed against the Company in any proceeding under any such law; or

13.1.3. An order, judgment, or decree is entered, without the consent of the Company, by any court of competent jurisdiction, appointing a receiver, trustee, or liquidator for the Company, if such order, judgment or decree shall continue unstayed and in effect for a period of sixty (60) days; or

13.1.4. The Company is in default with respect to any other of its debt obligations; or

13.1.5. The Company becomes unable to pay its debts as they become due; or

13.1.6. The Company breaches any of its obligations under this Revenue Sharing Agreement and such breach remains uncured for ninety (90) days following written notice.

##### 13.2 Force Majeure

An Event of Default shall not be deemed to have occurred as a result of a breach or failure by the Company in such breach or failure is caused by Acts of God, government restrictions (including the denial or cancellation of any export or other necessary license), wars, insurrections and/or any other cause beyond the reasonable control of the Company; provided that the Company shall give Holders written notice explaining the cause and its effect in reasonable detail. Dates by which performance obligations are scheduled to be met will be

16

extended for a period of time equal to the time lost due to any delay so caused.

### 13.3. Consequences of Default

#### 13.3.1. Notice

Upon the occurrence of an Event of Default, the Company shall provide written notice to all Holders (a “Notice of Default”). The Notice of Default shall (i) describe the circumstances surrounding the Event of Default, (ii) reference the need for the Holders to appoint a Representative pursuant to section 13.3.2 below, and (iii) be accompanied by (A) a copy of this Revenue Sharing Agreement, and (B) a list of all of the Holders, the email address of each Holder on file with the Company, and the original Principal Amount with respect to each Holder’s Note.

#### 13.3.2. Appointment of Representative

##### (a) Selection

Upon the occurrence of an Event of Default, a single representative shall be appointed to represent all of the Holders (the “Representative”). The Representative (i) may, but need not, be a Holder; (ii) shall not be affiliated with or related to the Company; and (iii) shall be selected by the Holders as follows:

1. For a period of up to twenty (20) business days following the Notice of Default, the Holders shall confer among themselves as to the appointment of a Representative.
2. If at any time during such twenty (20) day period, the Holders of a majority of the Notes, measured by the original Principal Amount of each such Note (a “Majority”), agree as to the appointment of a Representative, that person shall be the Representative.
3. (3) If, at the conclusion of such twenty (20) day period, no Representative has been appointed by a Majority, each Holder shall submit the name of up to three (3) persons such Holder would accept as the Representative.
4. (4) With each name appearing on any Holder’s list there shall be associated a number equal to the total principal amount outstanding of all Notes held by Holders whose lists included such name.
5. (5) The person whose name is associated with the largest number shall be appointed as the Representative.

##### (b) Authority of Representative

The Representative shall have the power, on behalf of each Holder, to pursue such remedies as may be available by law and pursuant to this Revenue Sharing Agreement, for the purpose of maximizing the return to the Holders as a group, and to settle the claims of each Holder on such terms as the Representative may determine in its sole and unlimited discretion, subject to the other provisions of this Revenue Sharing Agreement. The Representative may pursue such remedies notwithstanding that the Representative does not have physical possession of the Notes and without naming the Holders as parties.

17

#### (c) Power of Attorney

Upon the appointment of a Representative, each Holder shall be deemed to have granted to the Representative a limited Power of Attorney for the purpose of carrying out such Representative's responsibilities under this Revenue Sharing Agreement. Each Holder shall, upon the request of the Representative, execute such additional documents and instruments as may be reasonably necessary to confirm such limited Power of Attorney and otherwise carry out the purposes of this Revenue Sharing Agreement.

#### (d) No Separate Claims

No Holder may bring any claim against the Company to enforce the payment obligation evidenced by a Note. All such claims may be brought only by the Representative, acting on behalf of, and in the name of, each Holder, in accordance with the provisions of this Revenue Sharing Agreement.

#### (e) Release of Claims by Holders

Each Holder hereby releases the Representative for all claims arising from the Representative's performance of its services pursuant to this Revenue Sharing Agreement, except and to the extent that a Holder can demonstrate by clear and convincing evidence that such act or omission constituted gross negligence or intentional misconduct.

#### (f) Fees and Expenses of Representative

The reasonable fees and costs of the Representative, including but not limited to reasonable attorneys' fees, shall be the obligation of the Company, and shall be added on to the amount otherwise payable with respect to the Notes, and no Holder shall be obligated to pay such fees or costs directly; provided, however, that following an Event of Default, any further payments made by the Company shall first be used to pay the reasonable fees and costs of the Representative, and not to make any payments with respect to the Notes, and if any Holder shall receive any payment with respect to his, her, or its Note before all of the reasonable fees and costs of the Representative have been paid, such Holder shall promptly pay such amount to the Representative.

#### (g) Resignation of Representative

A Representative may resign at any time by giving notice to the Company and all of the Holders of the Notes at least thirty (30) days before such resignation is to become effective. Upon the resignation of a Representative, a replacement shall be selected by the affirmative vote of Holders holding a majority of the Notes, measured by outstanding principal amount. If such Holders have not selected a replacement Representative within sixty (60) days following the effective date of the resignation, then Portal may, at any time, by giving notice to the Company and all of the Holders, designate a replacement Representative who shall not be related to or affiliated with Portal or the Company.

#### (h) Termination of Representative

The services of a Representative may be terminated at any time by the affirmative vote of Holders holding a majority of the Notes, measured by the outstanding

18

principal amount with respect to each such Note, but only if they simultaneously appoint a replacement Representative.

#### 13.4. Remedies

Upon the occurrence of an Event of Default, the Holders shall be entitled to any remedy that may be available by law and as set forth in the Note itself. However, the Representative shall not, without the affirmative written consent of a Majority, exercise the remedy set forth in section 6.2 of the Notes (an “Acceleration”)

#### 13.5. Payments Deemed Held in Trust

Any Holder who receives a payment on a Note while an Event of Default remains in effect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, and shall return such excess on demand.

#### 13.6. Forbearance Not a Waiver

If a Holder or the Representative delays in exercising or fails to exercise any of its rights under a Note or this Revenue Sharing Agreement, that delay or failure shall not constitute a waiver of any rights or of any breach or default. No waiver by a Holder or the Representative shall be effective unless the waiver is expressly stated in a writing signed by the Holder or the Representative, as the case may be.

#### 13.7. Termination of Default

An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

13.7.1. The date the Representative and the Company enter into a settlement of all claims; or

13.7.2. If an Acceleration has not been authorized by the Holders, the date the Company has paid (i) to the Holders, all payments due through such date; and (ii) to the Representative, all the fees and expenses described in section 12.3.2(f); or

13.7.3. If an Acceleration has been authorized by the Holders, the date the Company has paid (i) to the Holders all payments due through such date; and (ii) to the Representative, all the expenses described in section 12.3.2(f); but only if a Majority agrees to annul the demand for Acceleration.

#### 13.8 Waiver of Past Defaults

A Majority may, by notice to the Representative, waive an existing Event of Default and its consequence. When an Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Event of Default or impair any consequent right.

### 14. Miscellaneous

#### 14.1. Electronic Delivery

All communications from the Company to Holders, including but not limited to all tax forms, shall be via electronic delivery.

#### 14.2. Notice

19

Any notice or document required or permitted to be given under this Revenue Sharing Agreement may be given by a party or by its legal counsel and shall be deemed to be given on the date transmitted by overnight delivery service or by email with written confirmation of receipt, to the address of the Company set forth in the Company's Form C, to the address of a Holder provided by the Holder at the Site, or such other address as a party may designated by notice complying with this section.

#### 14.3. Payments

All payments of principal and interest on the Notes will be made in U.S. dollars as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

#### 14.4. Governing Law

This Revenue Sharing Agreement and each Note shall be governed by the internal laws of Massachusetts without giving effect to the principles of conflicts of laws. Each Holder hereby (i) consents to the personal jurisdiction of the Massachusetts courts or the Federal courts located in or most geographically convenient to Essex County, Massachusetts, (ii) agrees that all disputes arising from this Agreement shall be prosecuted in such courts, (iii) agrees that any such court shall have in personam jurisdiction over such Holder, (iv) consents to service of process by notice sent by regular mail to the address used by the Holder to register at the Site and/or by any means authorized by Massachusetts law, and (v) if such Holder is not otherwise subject to service of process in Massachusetts, agrees to appoint and maintain an agent in Massachusetts to accept service, and to notify the Company of the name and address of such agent.

#### 14.5. Titles and Captions

All article, section and paragraph titles and captions contained in this Revenue Sharing Agreement (like 'Titles and Captions' in this section) are for convenience only and are not deemed a part of the context hereof.

#### 14.6. Days

Unless specified otherwise, any period of days mandated under a Note or this Revenue Sharing Agreement shall be determined by reference to calendar days, not business days, except that any payments, notices, or other performance falling due on a Saturday, Sunday, or federal government holiday shall be considered timely if paid, given, or performed on the next succeeding business day.

20

**Attachment 5:** `lola_deck.pdf`

## ABOUT

Lola Snacks are game-changing energy bars, helping you unlock good gut health with enhanced functional ingredients like probiotics and prebiotics to help rebalance your gut for a better you. It's not just about gut health, it's the people who eat them.

Mary Molina, mom of 5 created Lola Snacks in her kitchen during a time when she was receiving food assistance to help feed and nourish her family because when it comes to being your best, there should be no obstacles - least of all an unhappy gut. So, everything about LOLA SNACKS has your health and the best results for your gut in mind. We want you to have the most convenient healthy snacks, the most gut supportive snacks and the most innovative snacks that are made to nourish and heal your gut.

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

# PRODUCT

LOLA SANCKS Probiotic + Prebiotic Energy Bars replenish lost probiotics and nourish your gut's microbiome to support good gut health, protein absorption, aids digestion and boosts immunity.

Product Type:

Probiotic Prebiotic Energy Bar Shelf Stable
SRP 2.49-2.99

Benefits

- Aids Digestion
- Boosts Immunity
- Maximize Protein
- Sustain Energy
- Supports Good Gut Health
- Vegan

PLANT-BASED

GLUTEN FREE

NON GMO

XOLX
OLXA
PROBIOTIC
PREBIOTIC

![img-2.jpeg](img-2.jpeg)

GLUTEN FREE OATS, TAPIOCA SYRUP, SUNFLOWER SEEDS, COCONUT, FLAX SEED, PROBIOTIC CULTURES, COCONUT OIL, CINNAMON, VANILLA, CANE SUGAR WITH CHERRIES AND DARK CHOCOLATE

![img-3.jpeg](img-3.jpeg)

GLUTEN FREE OATS, TAPIOCA SYRUP, SUNFLOWER SEEDS, COCONUT, FLAX SEED, PROBIOTIC CULTURES, COCONUT OIL, CINNAMON, VANILLA, CANE SUGAR WITH ALMONDS AND DARK CHOCOLATE

![img-4.jpeg](img-4.jpeg)

GLUTEN FREE OATS, TAPIOCA SYRUP, SUNFLOWER SEEDS, COCONUT, FLAX SEED, PROBIOTIC CULTURES, COCONUT OIL, CINNAMON, VANILLA, CANE SUGAR WITH ALMONDS AND CRANBERRIES

![img-5.jpeg](img-5.jpeg)

GLUTEN FREE OATS, TAPIOCA SYRUP, SUNFLOWER SEEDS, COCONUT, FLAX SEED, PROBIOTIC CULTURES, COCONUT OIL, CINNAMON, VANILLA, CANE SUGAR WITH ALMONDS AND BLUEBERRIES

![img-6.jpeg](img-6.jpeg)

GLUTEN FREE OATS, TAPIOCA SYRUP, SUNFLOWER SEEDS, COCONUT, FLAX SEED, PROBIOTIC CULTURES, COCONUT OIL, CINNAMON, VANILLA, CANE SUGAR WITH DARK CHOCOLATE AND PEANUTS

SINGLE SERVE
ITEM # 79683
Unit UPC
689466908701
Inner UPC
689466908725
Case UPC
689466796834

ITEM # 90871
Unit UPC
689466796810
Inner UPC
689466796872
Case UPC
689466908718

ITEM # 79697
Unit UPC
689466796865
Inner UPC
689466796841
Case UPC
689466796971

ITEM # 90874
Unit UPC
689466796759
Inner UPC
689466908732
Case UPC
689466908749

ITEM # 979693
Unit UPC
689466796803
Inner UPC
689466796940
Case UPC
689466796933

# SOLVING THE PROBLEM

**Taking the B.S. out of IBS** - On average 60 to 70 million people are affected by a digestive issue in the United States. Our fast-paced lives and a newfound focus on gut health and immunity created a new need for fast, functional food that support gut health.

LOLA SNACKS has a clean nutritional profile with 1 Billion probiotic cfus (colony forming units) and are rated by Ganedan Manufacturing as having 95% efficacy because we utilized ingredients and food technology to get the probiotics to your gut where they are needed the most.

Let's be real, it's hard to eat clean - sugar, fried foods, alcohol, antibiotics, stress and countless other reason can change your gut microbiome, killing your good gut bacteria. LOLA SNACKS replace and encourage those probiotics back into your gut helping you rebalance your gut microbiome to take the B.S. out of IBS.

![img-7.jpeg](img-7.jpeg)

# COMPETITON AND DIFFERENCE

![img-8.jpeg](img-8.jpeg)

**LOLA SNACKS**

**VS**

**THE OTHERS**

![img-9.jpeg](img-9.jpeg)

![img-10.jpeg](img-10.jpeg)

![img-11.jpeg](img-11.jpeg)

![img-12.jpeg](img-12.jpeg)

|  | 1.6oz 200 calories 10g sugar | 2oz 330 calories 6g sugar | 2oz 230 calories 10g sugar | 12oz 70 calories 12g sugar | 5.3oz 110 calories 14g sugar |
| --- | --- | --- | --- | --- | --- |
| 1 1 Billion Probiotic CFUs | YES | YES | YES | NO | NO |
| 2 Whole Grain Prebiotic | YES | NO | YES | NO | NO |
| 3 Shelf Stable | YES | NO | NO | NO | NO |
| 4 Plant Based, V, GF, DF, SF, NON-GMO | YES | YES | YES | YES | NO |

# MARKET DATA

![img-13.jpeg](img-13.jpeg)

## BAR SUBCATEGORIES

| Granola & Snack |  | Wellness |  | Performance |  | Weight Management |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Brand | Share | Brand | Share | Brand | Share | Brand | Share |
| Kind | 4.33% | Kind (all Brands) | 16.45% | Clif Builders | 23.55% | Atkins | 64.36% |
| Kashi | 2.49% | Larabar | 10.43% | Power Crunch | 17.51% | Think Thin | 32.80% |
| Natures Bakery | 1.97% | ZONE | 4.90% | Pure Protein | 15.60% | Nugo Slim | 0.84% |
| Cascadian Farm | 1.10% | Rxbar | 3.83% | Gatorade | 9.44% | Kashi | 0.64% |
| Annies | 0.70% | Premier Protein | 1.53% | Powerbar (all brands) | 7.35% | Skinnygirl | 0.12% |
| Clif Crunch | 0.28% | Pure Protein | 1.35% | Met-rx | 6.55% | Garden of Life | 0.09% |
| Natures Path | 0.27% | Oatmega | 1.01% | One Bar | 2.78% | Slim Fast | 0.07% |
| Earths Best | 0.27% | Balance Bar | 0.99% | Muscle Milk | 1.15% |  |  |
| Enjoy Life | 0.23% | Nugo (All Brands) | 0.81% | Promax (Nugo) | 1.00% |  |  |
| Bear Naked | 0.23% | Bobos | 0.68% | Muscle Tech | 0.68% |  |  |
| Parnelas | 0.21% | Pro Bar | 0.61% | Detour | 0.53% |  |  |
| Tastykake | 0.12% | That's It | 0.54% | Muscle Sandwich | 0.43% |  |  |
| Goodness Knows | 0.09% | LOLA SNACKS | 0.42% | Muscle Pharm | 0.43% |  |  |
| Plum Kids | 5.00% | Health Warrior | 0.40% | Optimum Nutrition | 0.34% |  |  |
| Field Day | 0.03% | The Gluten Free Bar | 0.23% | Atkins Lift | 0.32% |  |  |
| 18 Rabbits | 0.03% | 22 Days | 0.10% | Vega Sport | 0.25% |  |  |
| Nothin But | 0.03% | Good Greens | 0.08% | Supreme Protein | 0.18% |  |  |
| Nourish | 2.00% | Powerbar | 0.05% | EAS | 0.08% |  |  |

70 Million Americans suffer with gut health issues from bloating to IBS

#guthealth garnering over 2.8 billion views on social media

Source: Spins/Nielson Multi-Channel (Conventional, Natural, Specialty) data 52wks ending 1-22-22

Google Searches UP: 'PROBIOTICS' 700% 'IMMUNITY BOOSTING FOODS' 670% -According to Mintel

# DISTRIBUTION

![img-14.jpeg](img-14.jpeg)

Corporate Dining

- Bloomberg
- Goldman Sachs
- Bank of America
- CitiBank
- Nike
- Colleges
- Corporate Essentials

RETAIL

- AMAZON
- WALMART
- SHOPRITE
- Deli/Cafes
- Natural Markets
- Convenience
- Meijer

DISTRIBUTORS

- UNFI
- KEHE
- NCD
- POD FOODS

# MISSION AND VISION

WE ♥ UR GUTS, our mission is to improve gut health through simple delicious grab and go snacks.

WE ♥ PEOPLE and treasure community, Lola Snacks support local organizations fighting hunger and mentor inner-city youth in marketing and entrepreneurship.

WE ♥ EARTH, we use 100% PCR boxes and shippers, sustainably and responsibly source as many local ingredients as possible and pledge to have a compostable wrapper by 2025.

![img-15.jpeg](img-15.jpeg)

**Attachment 6:** `lola_page.pdf`

3/22/21, 12:23 PM

Invest in Lola Snacks | Health Food in North Salem, NY

Lola Snacks is not accepting investment.

View investment opportunities on Mainvest

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Women-owned

Lola Snacks

Health Food

186 Mills Road

North Salem, NY 10560

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Data Room

Discussion

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Early Investor Bonus: The investment multiple is increased to 1.7x for the next $60,000 invested.

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THE PITCH

Lola Snacks is seeking investment to continue its mission to improve your gut's microbiome to boost immunity, giving you more energy through innovative food technology while still being delicious.

This is a preview. It will become public when you start accepting investment.

We take the B.S. out of IBS.

LOLA SNACKS is on a mission to improve your gut's microbiome to boost immunity, giving you more energy through innovative food technology while still being delicious. What began in the Founder Mary Molina's kitchen, has relaunched post-pandemic and is now a rapidly scaling business disrupting the energy bar category. Elevating taste and nutrition standards, we create delicious probiotic and prebiotic, plant-based, gluten-free, and vegan energy bars. LOLA SNACKS is devoted to unlocking good gut health through simple convenient energy bars packed with enhanced ingredients like probiotics and prebiotics to help rebalance your guts for a better you. When it comes to being your best, there should be no obstacles - least of all an unhappy gut. Everything about the LOLA SNACKS has your health and the best results for your gut in mind; we want you to have the most innovative, conveniently healthy, gut supportive snacks for you and your family.

We know what it's like to not feel good, so we became the change we needed

Our company's story began out of necessity and turned into a passion project for our founder and mother of 5, Mary Molina. When her family hit hard times she began to rely on food assistance programs to feed her family. At the same time, her husband was trying to save money by eating off the dollar menu. This processed food wreaked havoc on her family's health, and later her husband developed gut health issues from antibiotics used before and after dental surgery. Mary and her husband tried every probiotic, yogurt, kefir, and even kimchi to resolve his gut health issues. Alas, nothing worked so Mary decided to tackle the problem on her own by working with probiotic manufactures to combined a spore-forming probiotic with her already vegan plant-based energy bars. Mary's friends, family, and neighbors took notice and started asking her if they were available in local stores, Lola Snacks was born.

Consumers are increasingly leaning towards plant-based options (source) to fill their snacking needs and because our probiotic energy bars don't require refrigeration, they're a great choice for snacking on the go, to get you through the day, and drastically boost gut health.

Reasons to Invest

Lola Snacks has begun national distribution through 15,000 doors in convenience and food service. The global energy market size had a 2020 value of $13.4 billion, and more Americans are eating plant-based foods than ever (source & source).

Lola Snacks are vegan plant based energy bars enhanced with a blend of probiotics and prebiotics to promote the health of your gut microbiome. Lola Snacks is a shelf-stable energy bar, allowing it to be sold in any grab and go setting.

Lola Snacks reinvests in their community through inner-city youth mentoring programs and donating to anti-hunger programs.

This is a preview. It will become public when you start accepting investment.

https://mainvest.com/bola-snacks

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Invest in Lola Snacks | Health Feed in North Salem, NY

# LOLA SNACKS PROVIDES A BETTER SOURCE OF PROBIOTICS AND PREBIOTICS TO IMPROVE GUT HEALTH

We understand the stress of trying to eat healthy, and know this problem is worse for the 72% of Americans who struggle with gut issues like IBS, Colitis, and Crohns (source). On average 60 to 70 million people are affected by all digestive diseases (source). We struggled with these issues too, so we created a line of simple, plant-based probiotic energy bars to power us through the day and improve our gut health.

Lola Snacks replenish lost probiotics and nourish your gut's microbiome to aid digestion and support a healthy gut microbiome. Our customers love the taste of our bars and also claim our snacks improved the symptoms of their gut issues.

This is a preview. It will become public when you start accepting investment.

# TRACTION & VALIDATION

Our products are perfect for the millions of Americans who are looking to address their nutritional needs with energy bars

Our fast-paced lives and a newfound focus on gut health and immunity created a new need for fast, functional food (source & source). This high demand caused the energy bar market to balloon to $13.4 billion in 2020 (source). Add in America's increasing consumption of plant-based foods, and we believe we have the perfect combination to capitalize on this lucrative market (source). With Gut Health trending on social media, we believe more people are looking for ways to improve their gut health through healthy snacks and awareness (source).

We have partnerships supplying HQ's of Nike, Goldman Sachs, Citi Bank and Bank of America, and we continue to expand into corporate catering opportunities. Recently added to the assortment of large convenience channel distributors, Lola Snacks now has access to over 15,000 locations covering convenience stores, hospitality, food service, and universities. We are currently in consideration at retailers nationally, such as GIANT and Food Lion, and regionally, such as 7/11.

Our retail partners locations grow everyday, through our national distributors in the specialty, convenience, natural, and wholesale channels. Lastly, we are developing additional product lines to include new categories such as sugar-free.

This is a preview. It will become public when you start accepting investment.

We have the leadership and product to revolutionize functional snacks, all that's missing is you

Lola Snacks embodies the American Dream and the hope for a healthier tomorrow. Mary created these bars for her family, and her business acumen transformed them into a company that survived the pandemic and that is starting to corner a billion-dollar market. Our snacks can give millions a healthy, gut-friendly option, and with your investment, we can do that for billions more. Help us take the "BS" out of "IBS" and invest in Lola Snacks today.

This is a preview. It will become public when you start accepting investment.

# THE TEAM

Mary Molina

CEO/President

Mary Molina, founder and CEO of Lola Granola Bar, a passion project to feed her family and get their health back on track through good food and leaving a positive impact. Since then, it's bloomed into a delicious mission: love your guts through selfcare to improve overall health from your skin and cardiovascular health to brain function with probiotics and prebiotic snacks. Mary also teaches marketing and entrepreneurship to kids at underprivileged schools and collaborates with food banks to feed our friends and neighbors in need, two efforts that are near and dear to Mary's heart. Mary has a proven track record in innovation, entrepreneurship, concept validation, iteration, pivoting, scaling, branding, financial management, leadership, transparency, public speaking, board member, healthy living enthusiast.

Ernie Molina

VP and Biz Development

Responsibilities include managing & developing business within alternative channels, foodservice and retail nationally. Key accounts include, Google, Military Exchanges, DOT Foods, UNFI, KEHE, Vistar, Sysco, U.S. Foods, Canteen/FoodBuy, Walmart, Target, Costco, independents and chains, college/university, regional DSD's, and eCommerce. Work alongside & manage broker partners, distributors and distributor reps to successfully and strategically build new business while planning and extending current partnerships with retailers thru promotional support & numerous creative incentives. Attend trade shows, key account meetings, and category reviews while providing an authentic representation of the company's culture and business model. Provide excellent customer service to both new and current accounts with accurate follow up and clean communication.

Joe Donato Jr.

Director of Sales

Data-driven maverick using insight metrics to translate into actionable shelf strategy to grow Brands with the expertise they need for the next step on their journey. Extensive experience growing brands through supplier relationships and managing teams.

John Edelman

Board Member

Experienced Board Member with a demonstrated history of working in the design industry. Skilled in Modern Furniture, Retail, Textiles, Finish, and Renovation. Strong business development professional.

https://mainvest.com/bola-snacks

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Invest in Lola Snacks | Health Food in North Salem, NY

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PRESS

Start Small, Dream BIG: S2, Ep 7: Lola on Apple Podcasts

Show Start Small, Dream BIG, Ep S2, Ep 7: Lola - Jan 5, 2021

FedEx helps small businesses navigate the digital landscape | FedEx Cares

This is a preview. It will become public when you start accepting investment.

Data Room

Intended Use of Funds

Target Raise

Maximum Raise

Inventory $55,950

Mainvest Compensation $4,050

Total $60,000

Financial Forecasts

Year 1 Year 2 Year 3 Year 4 Year 5

Gross Sales $1,663,333 $1,829,666 $1,957,742 $2,055,629 $2,117,297

Cost of Goods Sold $931,466 $1,024,612 $1,096,334 $1,151,150 $1,185,684

Gross Profit $731,867 $805,054 $861,408 $904,479 $931,613

EXPENSES

Rent $24,000 $24,600 $25,215 $25,845 $26,491

Utilities $12,000 $12,300 $12,607 $12,922 $13,245

Salaries $300,000 $329,999 $353,098 $370,752 $381,874

Insurance $6,000 $6,150 $6,303 $6,460 $6,621

Repairs & Maintenance $2,000 $2,050 $2,101 $2,153 $2,206

Legal & Professional Fees $8,000 $8,200 $8,405 $8,615 $8,830

Marketing $249,499 $255,736 $262,129 $268,682 $275,399

Operating Profit $130,368 $166,019 $191,550 $209,050 $216,947

This information is provided by Lola Snacks. Mainvest never predicts or projects performance, and has not reviewed or audited this financial forecast. Please see below for additional risk disclosures.

Documents

Investor Agreement

2020 Balance Sheet

2020 Income Statement

2021 Balance Sheet

2021 Income Statement

Appendix B - Reviewed Financial Statements.pdf

LOLA SNACKS DECK.pdf

Investment Round Status

Target Raise $60,000

Maximum Raise $200,000

Amount Invested $0

Investors 0

Investment Round Ends May 26th, 2023

Summary of Terms

Legal Business Name Lola Granola Bar

Investment Structure Revenue Sharing Note

Early Investor Bonus

Investment multiple for the first $60,000 invested

1.7x

Investment Multiple 1.5x

Business's Revenue Share 1.5%-5%

Minimum Investment Amount $100

Repayment Schedule Quarterly

Securitization None

Maturity Date June 30th, 2031

Financial Condition

Historical milestones

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3/8

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Invest in Lola Snacks | Health Food in North Salem, NY

LOLA SNACKS is on a mission to improve your gut's microbiome through innovative food technology while still being delicious. A family-first story, Mary Molina created Lola Snacks during a time when her household of six was receiving food assistance.

Everything about LOLA SNACKS has your health and the best results for your gut in mind; we want you to have the most innovative, conveniently healthy, sustainable gut supportive snacks for you and your family.

What began in her kitchen has relaunched post pandemic and is now a rapidly scaling business disrupting the energy bar category; by elevating taste and nutrition standards, we create delicious probiotic + prebiotic plant based energy bars. Utilizing innovative ingredients, such as gluten-free and dairy-free probiotics, with no refrigeration required to nourish your stomach. LOLA SNACKS has been operational since August 2012 and the brand's current success is a resounding endorsement as an emerging leader in the bar space, with products available nationwide in over 3,000 doors across the natural and conventional grocery channels, convenience, food service, as well as e-commerce. Next on the horizon for LOLA SNACKS is a second expansion within the convenience and food service channels, growing distribution to 15,000 points over the next 12 months.

"Our products are resonating with consumers; and we believe that this growth phase with simultaneous distribution and velocity attests to that. We couldn't be more excited about the future of LOLA," says Molina.

CA Fortune joins LOLA SNACKS in its excitement, the full-service, privately held consumer brands agency with a national scope that works in natural, conventional, and online channels and looks forward in partnership with CA Fortune to grow to 15,000 points of distribution over the next 12 months. That's 400% in sales growth just in 2023!

Other challenges

LOLA SNACKS has had the following challenges that are not otherwise captured in the Financial Condition Section, the Risks Section, or the Financial Statements:

PANDEMIC

We were among the first companies to experience supply chain issues due to the pandemic. Our co-packer's workforce was decimated by the pandemic and as a result we missed several significant production runs resulting in PO cancellations and loss of distribution. We have rebuild our framework to reduce risk and maximize growth opportunities with leaders in the manufacturing space.

Risk Factors

You Might Lose Your Money

When you buy a certificate of deposit from a bank, the Federal government (through the FDIC) guarantees you will get your money back. Buying a Note is not like that at all. The ability of Lola Snacks to make the payments you expect, and ultimately to give you your money back, depends on a number of factors, including many beyond our control.

Limited Services

Lola Snacks operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

Lack of Accounting Controls

Larger companies typically have in place strict accounting controls. Smaller companies typically lack these controls, exposing themselves to additional risk.

Competition

The market in which we operate is highly competitive and could become increasingly competitive with new entrants in the market. Lola Snacks competes with many other businesses, both large and small, on the basis of quality, price, location, and customer experience. Changes in customer preference away from Lola Snacks's core business or the inability to compete successfully against the with other competitors could negatively affect Lola Snacks's financial performance.

Reliance on Management

As a securities holder, you will not be able to participate in Lola Snacks's management or vote on and/or influence any managerial decisions regarding Lola Snacks. Furthermore, if the founders or other key personnel of Lola Snacks were to leave Lola Snacks or become unable to work, Lola Snacks (and your investment) could suffer substantially.

Financial Forecasts Risks

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Invest in Lola Snacks | Health Food in North Salem, NY

The financial forecasts provided by us herein are reasonable forecasts by us based upon assumption of stable economic conditions and other various assumptions regarding operations. The validity and accuracy of these assumptions will depend in large part on future events over which Lola Snacks and the key persons will have no control. Changes in assumptions or their underlying facts could significantly affect the forecasts. To the extent that the assumed events do not occur, the outcome may vary significantly from the projected outcomes. Consequently, there can be no assurance that the actual operating results will correspond to the forecasts provided herein. Additionally, Lola Snacks is a newly established entity and therefore has no operating history from which forecasts could be projected with.

Inability to Sell Your Investment

The law prohibits you from selling your securities (except in certain very limited circumstances) for 12 months after you acquire them. Even after that one-year period, a host of Federal and State securities laws may limit or restrict your ability to sell your securities. Even if you are permitted to sell, you will likely have difficulty finding a buyer because there will be no established market. Given these factors, you should be prepared to hold your investment for its full term.

The Company Might Need More Capital

Lola Snacks might need to raise more capital in the future to fund/expand operations, buy property and equipment, hire new team members, market its services, pay overhead and general administrative expenses, or a variety of other reasons. There is no assurance that additional capital will be available when needed, or that it will be available on terms that are not adverse to your interests as an investor. If Lola Snacks is unable to obtain additional funding when needed, it could be forced to delay its business plan or even cease operations altogether.

Changes in Economic Conditions Could Hurt Lola Snacks

Factors like global or national economic recessions, changes in interest rates, changes in credit markets, changes in capital market conditions, declining employment, changes in real estate values, changes in tax policy, changes in political conditions, and wars and other crises, among other factors are unpredictable and could negatively affect Lola Snacks's financial performance or ability to continue to operate. In the event Lola Snacks ceases operations due to the foregoing factors, it can not guarantee that it will be able to resume operations or generate revenue in the future.

No Registration Under Securities Laws

The Notes will not be registered with the SEC or the securities regulator of any State. Hence, neither Lola Snacks nor the Notes will be subject to the same degree of regulation and scrutiny as if they were registered.

Incomplete Offering Information

Title III does not require us to provide you with all the information that would be required in some other kinds of securities offerings, such as a public offering of shares (for example, publicly-traded firms must generally provide investors with quarterly and annual financial statements that have been audited by an independent accounting firm). Although Title III does require extensive information, it is possible that you would make a different decision if you had more information.

Lack of Ongoing Information

Lola Snacks will be required to provide some information to investors for at least 12 months following the offering. However, this information is far more limited than the information that would be required of a publicly-reporting company; and Lola Snacks is allowed to stop providing annual information in certain circumstances.

Uninsured Losses

Although Lola Snacks will carry some insurance, Lola Snacks may not carry enough insurance to protect against all risks to the business. Additionally, there are some kinds of risks that are very difficult or impossible to insure against, at least at a reasonable cost. Therefore, Lola Snacks could incur an uninsured loss that could damage its business.

Changes in Laws

Changes in laws or regulations, including but not limited to zoning laws, environmental laws, tax laws, consumer protection laws, securities laws, antitrust laws, and health care laws, could negatively affect Lola Snacks's financial performance or ability to continue to operate. Specifically, any additional regulation on the industry could significantly negatively affect the business.

Conflict of Interest With Companies and Their Management

In many ways, your interests and the interests of Lola Snacks's management will coincide: you both want Lola Snacks to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Lola Snacks to act conservative to make sure

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Invest in Lola Snacks | Health Fund in North Salem, NY

they are best equipped to repay the Note obligations, while Lola Snacks might prefer to spend aggressively to invest in the business. You would like to keep the compensation of managers low, while managers want to make as much as they can.

Future Investors Might Have Superior Rights

If Lola Snacks needs more capital in the future and takes on additional debt or other sources of financing, the new investors might have rights superior to yours. For example, they might have the right to be paid before you are, to receive larger distributions, to have a greater voice in management, or otherwise.

The Company is Not Subject to the Corporate Governance Requirements of the National Securities Exchanges

Any company whose securities are listed on a national stock exchange (for example, the New York Stock Exchange) is subject to a number of rules about corporate governance that are intended to protect investors. For example, the major U.S. stock exchanges require listed companies to have an audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Lola Snacks or management), which is responsible for monitoring Lola Snacks's compliance with the law. Lola Snacks will not be required to implement these and other investor protections.

You Have a Limited Upside

Notes include a maximum amount you can receive. You cannot receive more than that even if Lola Snacks is significantly more successful than your initial expectations.

You Do Have a Downside

Conversely, if Lola Snacks fails to generate enough revenue, you could lose some or all of your money.

Payments and Return Are Unpredictable

Because your payments are based on the revenue of Lola Snacks, and the revenue of Lola Snacks can go up or down (or even disappear altogether) unpredictably, it is impossible to predict how much you will receive and when. And because the payments are unpredictable, so is your ultimate return.

The Notes Are Unsecured and Uninsured

The Notes are not secured by any collateral, nor are they guaranteed or insured by the FDIC or any other entity.

Subordination

The Notes shall be subordinated to all indebtedness of Lola Snacks to banks, commercial finance lenders, leasing and equipment financing institutions, and/or other institutions regularly engaged in the business of lending money.

Lack of Guaranty

The Notes are not personally guaranteed by any of the founders or any other person.

Limitation of Individual Rights in Event of Default

In the event of a default under the Notes, you will not be able to enforce your rights individually (for example, by bringing a lawsuit). Instead, a representative will be appointed according to the procedures set forth in the Note Indenture. It's possible that you will not like the representative, or that the representative will do things you believe are wrong or misguided. If an event of default has occurred and a representative has been appointed, all of the representative's reasonable expenses must be paid before any further payments are made with respect to the Notes.

COVID-19 Impact

The ongoing COVID-19 pandemic may impact the Company's ability to generate revenue and/or continue operations. If operations are ceased due to COVID-19 restrictions, the Company can not guarantee that it will resume operations in the future.

This information is provided by Lola Snacks. Mainvest never predicts or projects performance, and has not reviewed or audited this information. For additional information, review the official Form C filing with the Securities and Exchange Commission on the EDGAR website.

This is a preview. It will become public when you start accepting investment.

Investor Discussion

About Us

Blog

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6/8

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Invest in Lola Snacks | Health Food in North Salem, NY

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7/8

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Lola Granola Bar

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** NY

**Date of Organization:** 08-23-2012

**Physical Address:** 186 MILLS ROAD, NORTH SALEM, NY, 10560

**Issuer Website:** http://Lolasnacks.com

**Is there a Co-Issuer?:** No

**Intermediary Name:** MainVest, Inc.

**Intermediary CIK:** 0001746059

**Intermediary File Number:** 007-00162

### Offering Information

**Compensation to Intermediary:** MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.

**Financial Interest in Issuer:** MainVest, Inc. owns no interest in the Company, directly or indirectly, and will not acquire an interest as part of the Offering, nor is there any arrangement for MainVest, Inc. to acquire an interest.

**Type of Security Offered:** Debt

**Price per Security:** $1.00

**Method for Determining Price:** The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

**Target Offering Amount:** $60,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** First-come, first-served basis

**Maximum Offering Amount:** $124,000.00

**Deadline to Reach Target Amount:** 05-26-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 4.00

**Total Assets (Most Recent Fiscal Year):** $111,268.00

**Total Assets (Prior Fiscal Year):** $94,486.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $4,296.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $4,086.00

**Accounts Receivable (Most Recent Fiscal Year):** $106,971.00

**Accounts Receivable (Prior Fiscal Year):** $29,941.00

**Short-Term Debt (Most Recent Fiscal Year):** $67,377.00

**Short-Term Debt (Prior Fiscal Year):** $83,513.00

**Long-Term Debt (Most Recent Fiscal Year):** $528,032.00

**Long-Term Debt (Prior Fiscal Year):** $508,690.00

**Revenues/Sales (Most Recent Fiscal Year):** $203,717.00

**Revenues/Sales (Prior Fiscal Year):** $161,185.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $110,584.00

**Cost of Goods Sold (Prior Fiscal Year):** $85,228.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $10,599.00

**Net Income (Prior Fiscal Year):** $-196,892.00

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, PR, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING

### Signatures

**Issuer:** Lola Granola Bar

**Signature:** Mary Molina

**Title:** Owner and President

---

**Signature:** Mary Molina

**Title:** Owner and President

**Date:** 03-22-2023