Document:

EX-10.28

 Exhibit 10.28 

LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT (“Agreement”) is made as of the 25th day of October, 2018 by and between THE REAL GOOD FOOD COMPANY LLC, a California limited liability company (“Borrower”) and PPZ, LLC, a Wyoming limited liability company, or
its designee (“Lender”). Borrower and Lender are sometimes hereinafter individually referred to as a “Party” and collectively as the “Parties”. 

RECITALS 

A.        Borrower manufactures various food products
(“Business”) including, without limitation, low carbohydrates specialty pizza, enchilada and chicken popper items. 

B.        Lender is a current member of Borrower and is familiar with the Business and
its operations. 
 C.        Borrower requires additional capital for various
business growth and operational needs. 
 D.        Lender desires to make a loan to
Borrower and Borrower desires to receive a loan from Lender on the terms and conditions set forth in this Agreement. 
 OPERATIVE
PROVISIONS 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 

1.        Incorporation of Recitals. The Recitals are incorporated herein and
by this reference made a part hereof. 
 2.        Loan. Lender hereby agrees
to loan to Borrower up to Five Hundred Thousand Dollars and Zero Cents ($500,000.00) (the “Loan”) on the terms and conditions set forth herein. Lender shall remit the Loan to Borrower on the date of this Agreement. The Loan
shall be evidenced by a promissory note (the “Note”) executed by Borrower in favor of Lender in the form attached hereto as Exhibit A and by this reference made a part hereof. The Note shall bear interest at the
rate of nine percent (9%) per annum, calculated on the basis of a 360-day year assuming twelve equal 30-day months. The Loan shall be secured in accordance with this
Agreement and a UCC-1 Financing Statement in the form attached hereto as Exhibit B and by this reference made a part hereof
(“UCC-1”) on all the assets of Borrower and subordinated only to all existing and future debt of Borrower from PMC Financial. This Agreement, the Note and the UCC-1 are sometimes together referred to as the “Loan Documents”. 

3.        Fees and Costs. Upon receipt of the Loan, Borrower shall pay Lender
an origination fee and a loan maintenance fee of Ten Thousand Dollars ($10,000.00). 

4.        Use of Loan Proceeds. The Loan shall be used exclusively for the
growth and operational needs of the Business, including any tax obligations or other fees, costs or expenses incurred as a result of such needs. 

5.        Grant of Security Interest. Borrower hereby grants Lender a security
interest in and to all of the Collateral, including all of Borrower’s right, title and interest relating to or arising under or on account of the Collateral as security for Borrower’s obligations under the Note and this Agreement. Lender
understands and acknowledges that the security interest granted hereunder is subordinated to matters of record filed prior to the date hereof. “Collateral” means all assets of Borrower including,

  
 1 

 
without limitation, (a) all raw materials, inventory, finished goods, accounts (including receivables), general intangibles (including all payment intangibles, software, intellectual
property, licenses, permits, copyrights, copyright registrations, patents, patent applications, trademarks, and trademark applications), instruments (including promissory notes), equipment (including all accessions), fixtures, investment property,
letter of credit rights, money, and all books and records with respect to any of the foregoing, and the computers and equipment containing said books and records; and (b) any and all cash proceeds and/or
non-cash proceeds thereof, including, without limitation, insurance proceeds, and all supporting obligations and the security therefor. 

6.        Financing Statement Filings. Borrower authorizes Lender to file,
without the signature of Borrower where permitted by law, one or more UCC-1s relating to the Collateral. Borrower shall pay all filing costs and all costs and expenses of any record searches for financing
statements that Lender may reasonably require. Borrower further agrees that a carbon, photographic or other reproduction of this Agreement or any UCC-1 describing the Collateral is sufficient as a financing
statement and may be filed in any jurisdiction Lender may deem appropriate. 

7.        Representations and Warranties. Borrower hereby makes the following
representations and warranties to Lender, which representations and warranties shall survive the execution of this Agreement: 

7.1      Enforceability. Borrower has the full right, power and authority to execute and
deliver the Loan Documents to be delivered to Lender hereunder and to perform the undertakings of Borrower contained in the Loan Documents. The Loan Documents constitute valid and binding obligations of Borrower that are legally enforceable in
accordance with their terms. 
 7.2      No Breach. None of the undertakings of
Borrower contained in the Loan Documents violates any applicable statute, law, regulation or ordinances or any order or ruling of any court or governmental entity, or conflicts with, or constitutes a breach or default under, any agreement by which
Borrower or the Property is bound, encumbered or regulated. 
 7.3      Proceedings.
Borrower is not in violation of any statute, law, regulation or ordinance, or of any order of any court or governmental entity. Borrower has no knowledge of any claims, actions or proceedings pending or threatened against Borrower other than those
disclosed to Lender in writing. 
 7.4      Accuracy. All reports, documents,
instruments, papers, data, information and forms of evidence delivered to Lender with respect to the Loan are accurate and correct, are complete insofar as needed to give Lender true and accurate knowledge of the subject matter thereof, and do not
contain any misrepresentation or material omission. 
 7.5      Security Interest.
During the term of this Agreement, Borrower, subject to the subordination set forth above, has and will have at all times full right, power and authority to grant a security interest in and to its respective interests in the Collateral to Lender in
the manner provided in this Agreement. This Agreement creates a valid and binding security interest in favor of Lender in the Collateral securing the obligations subordinated to security interests of record filed prior to the date hereof. 

7.6      Ownership of Collateral and Liens. Borrower will maintain good and marketable
title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interests of record filed prior to the date hereof and the encumbrance created by this Agreement. Borrower will not
permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Borrower will not permit and will cause to be terminated any financing statement or other security instrument with respect to
the Collateral, except 

  
 2 

 
such as may exist or as may have been filed in favor of Lender. Borrower will defend Lender’s right, title and special property and security interest in and to the Collateral against the
claims of any other person, except for the security interests of record filed prior to the date hereof. 

7.7      Taxes. Borrower has filed all federal, state, county and municipal tax returns
that it is required to file and has paid all taxes which have become due pursuant to such returns or to any notice of assessment received by Borrower, and Borrower has no knowledge of any basis for additional assessment with respect to such taxes.

 8.        Events of Default. The occurrence of any of the following events
(“Events of Default”) shall constitute a default under this Agreement and, at the option of Lender, shall make all obligations of Borrower to Lender under or in respect of advances and all other sums outstanding under or in
respect of this Agreement and any instrument or agreement required under this Agreement immediately due and payable, without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or
demand of any kind or character: 
 8.1    Borrower fails to pay any installments as required by the
Note, which failure to pay is not cured within ten (10) calendar days after written notice of such failure is given to Borrower as provided in the Note; 

8.2    Any representation or warranty in this Agreement, or in any agreement or instrument executed in
connection with this Agreement, proves false or misleading in any material respect when made; 

8.3    A judgment or judgments is entered against Borrower in the aggregate amount of Fifty Thousand
Dollars and Zero Cents ($50,000.00) or more on a claim or claims not covered by insurance; 

8.4    Borrower files any petition, proceeding, case or action for relief under any bankruptcy,
reorganization, insolvency, or moratorium law, or any other law or laws for the relief of, or relating to, debtors; 

8.5    An involuntary petition is filed under any bankruptcy or similar statute against Borrower or a
receiver, trustee, liquidator, assignee, custodian, sequestrator, or other similar official is appointed to take possession of the properties of Borrower and such action is not dismissed or such official is not removed within ninety (90) days;

 8.6    Borrower defaults under any provision of the Loan Documents not specifically referred to in
this Section 8; 
 8.7    The breach of any covenant, warranty, promise or representation
contained herein or in any exhibit hereto; and 
 8.8    Borrower utilizes funds loaned under this
Agreement for any purpose other than as set forth in this Agreement. 
 Lender may, at Lender’s option, exercise any
and all rights and remedies of a creditor or secured party under the California Commercial Code or other California law, including, but not limited to, the right to take possession of the Collateral, and arrange the sale or other disposition of the
Collateral, or any part thereof, in such increments as determined by Lender, in its sole discretion, subject to the rights of priority secured interests. Lender may proceed against Borrower and/or Borrower’s successors or assigns, with or
without proceeding against the Collateral. If Lender elects to proceed against the Collateral, Lender may proceed against Borrower for any deficiency, subject only to any limitations 

  
 3 

 
provided in the California Commercial Code. All remedies of Lender provided for herein are cumulative and shall be in addition to all other rights and remedies under any of the Loan Documents or
otherwise provided by law. The exercise of any right or remedy by Lender hereunder shall not in any way constitute a cure or waiver of default hereunder or under any other agreement or invalidate any act pursuant to any notice of default, or
prejudice Lender in the exercise of any of its right hereunder or any other document described herein. 

9.        Notices. Except as otherwise provided herein, any notice or other
items to be delivered to a Party pursuant to this Agreement shall be in writing and either personally delivered, sent by first class mail, postage prepaid, or sent via electronic transmission, addressed to the Party to be notified at the address
specified in accordance with this Section, or delivered by Federal Express or other comparable overnight delivery service, delivery costs prepaid and addressed to the Party to be notified at the address specified in accordance with this Section. Any
such notice or other items to be delivered shall be deemed duly given, delivered and received on the date of personal delivery to the Party (or such Party’s authorized representative) or in the case of mailing, three (3) business days
after deposit in the U.S. Mail, or in the case of electronic transmission, receipt by the other Party is not effective unless a duplicate copy of the electronic transmission Notice is promptly given by one of the other methods permitted under this
Section, or in the case of Federal Express or other comparable overnight delivery service, one (1) day following the delivery of such notice or item to such delivery service, as the case may be. Unless a Party changes its address for notice by
giving a notice in accordance with this Section changing such address, the address for notice and delivery of each Party shall be as follows: 
  

			
	To Lender	  	 PPZ, LLC

Attention: Rhea Lamia

[***]

Email: [***]

		
	To Borrower:	  	 The Real Good Food Company LLC

[***]

Email: [***]

 10.        Miscellaneous. 

10.1    Assignment. This Agreement shall bind and inure to the benefit of the Parties and their
respective successors and assigns; provided, however, that Borrower shall not assign this Agreement or any of the rights, duties or obligations of Borrower hereunder without the prior written consent of Lender. Lender shall have the right to assign
this Agreement without the consent of Borrower. 
 10.2    Consent and Waiver. No consent or
waiver under this Agreement shall be effective unless in writing. No waiver of any breach or default shall be deemed a waiver of any breach or default thereafter occurring. 

7.1      Merger. This Agreement and any instrument or agreement attached hereto or
referred to herein integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations and prior writings in respect to the subject matter hereof. 

10.3    Purpose. This Agreement is made for the purpose of defining and setting forth certain
obligations, rights and duties of Borrower and Lender in connection with the Loan. After the execution of this Agreement, it shall be deemed a supplement to the Loan Documents and shall not be 

  
 4 

 
construed as a modification of any of the Loan Documents, except as provided herein. It is made for the sole protection of Borrower and Lender, and Borrower’s and Lender’s successors
and assigns. No other person shall have any rights of any nature hereunder or by reason hereof. 

10.4    Indemnity. Borrower shall indemnify Lender against, and hold Lender harmless from any and
all losses, damages (whether general, punitive or otherwise), liabilities, claims, cause of action (whether legal, equitable or administrative), judgments, court costs and legal or other expenses (including attorneys’ fees) which Lender may
suffer or incur as a direct or indirect consequence of: 
 i.         any
claim or cause of action of any kind by any person to the effect that Lender is in any way responsible or liable for any act or omission by Borrower, whether on account of any theory or derivative liability or otherwise, including, but not limited
to, any claim or cause of action for fraud, misrepresentation, tort or willful misconduct; 

ii.         any claim or cause of action by any person against Lender, as a
result of this Agreement; and 
 iii.        any claim or cause of action of any
kind by any person which would have the effect of denying Lender the full benefit or portion of any provision of this Agreement or any other Loan Document. 

The Lender’s rights of indemnity shall not be directly or indirectly limited, prejudiced, impaired or eliminated in any
way by any finding or allegation that Lender’s conduct is active, passive or subject to any other classification or that Lender is directly or indirectly responsible under any theory of any kind, character or nature for any act or omission by
Borrower or any other person, except Lender. Notwithstanding the foregoing, Borrower shall not be obligated to indemnify Lender with respect to any intentional tort or act of gross negligence which Lender is determined by the judgment of a court of
competent jurisdiction (sustained on appeal, if any) to have committed. Borrower shall pay any indebtedness arising under said indemnity to Lender immediately upon demand by Lender together with interest thereon from the date such indebtedness
arises until paid at the default rate. 
 10.5    Attorneys’ Fees. If any legal action is
necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, reasonable expert witness fees, costs and necessary disbursements in addition to any other relief to which that
party may be entitled. 
 10.6    Interpretation; Venue. Prior to the execution of this
Agreement, each of the Parties has had an opportunity to review the provisions of this Agreement, and contribute to the content hereof, and have consulted with legal counsel of that Party’s own choosing or have chosen not to do so of that
Party’s own volition. The provisions of this Agreement shall be interpreted to give effect to their fair meaning and shall be construed as though prepared by Borrower and Lender, respectively. The invalidity of any provision shall not affect
the validity of any other provision. Section headings are for convenience only and may not be used in interpretations. All interpretations are to be made in accordance with California law. The venue for any legal action arising out of this Agreement
shall lie in Los Angeles County, California. 
 10.7    Agreement in Counterparts. This
Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. The Parties may also deliver executed copies of this Agreement to each other by
electronic transmission, which electronically transmitted signatures shall be binding. Any electronically delivered signatures shall be followed by the delivery of executed originals. 

  
 5 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement
as of the day and year first above written. 
  

			
	LENDER
	
	 PPZ, LLC,

a Wyoming limited liability company

		
	 By:
	 	         /s/ Rhea Lamia

		 	         Rhea Lamia

	 Its:
	 	         Manager

	
	BORROWER
	
	 THE REAL GOOD FOOD COMPANY LLC,

a California limited liability company

		
	 By:
	 	         /s/ Josh Schreider

		 	         Josh Schreider

	 Its:
	 	         Manager

 Signature Page to PPZ 500K Loan and Security Agreement 

 EXHIBIT A 

PROMISSORY NOTE 

(attached behind) 

 SECURED PROMISSORY NOTE (“NOTE”) 

 

			
	 500,000.00
	  	October 25, 2018

 1.        Obligation. FOR VALUE RECEIVED, the undersigned, THE
REAL GOOD FOOD COMPANY LLC, a California limited liability company (“Company”), promises to pay to the order of PPZ, LLC, a Wyoming limited liability company (“Holder”) at maturity, a principal sum of
up to Five Hundred Thousand Dollars and Zero Cents ($500,000.00) (“Principal”), together with all accrued and unpaid interest, at the address set forth below or such other place as the Holder may designate in writing. 

2.        Interest Rate. From the date of this Note and until this Note is paid in full,
interest shall accrue on the outstanding principal balance of this Note at the simple rate of interest of nine percent (9%) per annum (“Interest Rate”). Interest shall be calculated on the basis of a 360-day year assuming twelve equal 30-day months. Interest will accrue on the remaining Principal from the date such Principal is received by the Company. 

3.        Payment Provisions 

3.1        Payment at Maturity. The outstanding principal balance plus all
accrued and unpaid interest under this Note shall be due and payable to the Holder on December 31, 2020 (“Maturity Date”). 

3.2        Other Payment Provisions. All payments of principal and/or interest
shall be payable to the Holder in lawful money of the United States. All payments shall first be applied to accrued and unpaid interest and then to reduce the principal balance of this Note. Except as otherwise provided herein, this Note may not be
prepaid at any time without the prior written consent of the Holder. 
 4.        Origination and
Maintenance Fee. The Company shall pay Holder Ten Thousand Dollars ($10,000.00) as an origination and loan maintenance fee. 

5.        Security Interest. The indebtedness evidenced by this Note shall be secured, to the
fullest extent permitted by law, by a security interest in and to all of the Company’s assets and evidenced by the filing of a financing statement made pursuant to, and in accordance with the terms and conditions of the Loan and Security
Agreement of even date herewith executed by and between the Company, as Debtor, and Holder, as Lender, and subordinated only to prior secured loans of record and all indebtedness now and or in the future owed by the Company to PMC Financial Services
Group, LLC. 
 6.        Assignment. The Company may not assign this Note or any of its
rights hereunder without the prior written consent of the Holder; provided, however, that in the event of a merger or consolidation of the Company into or with another entity, this Note may be, without the prior written consent of the Holder, and
shall be deemed to be, assigned to and assumed by the surviving entity in any such merger or consolidation, which shall thereupon become the Company for purposes of this Note. The Holder may assign this Note without the prior written consent of the
Company. The Company or the Holder, as applicable, shall promptly deliver notice of any assignment of this Note or any rights, title or interests in or to this Note by such party, which notice shall include the date of the assignment and the name
and address of the assignee. 
 7.        Successors and Assigns. Except as otherwise
provided herein, any reference to the Holder hereof shall be deemed to include the permitted successors and assigns of such Holder, and all covenants, promises and agreements by or on behalf of the Company that are contained in this Note shall bind
and inure to the benefit of the permitted successors and assigns of such Holder and to any future holders of this Note. 

 8.        Notices. Any communication, notice
or demand of any kind whatsoever which either party may be required or may desire to give to or serve upon the other shall be in writing and delivered by (a) overnight courier (such as Federal Express) that provides evidence of receipt,
(b) by registered or certified mail, postage prepaid, return receipt requested or (c) by electronic communication (whether by email or facsimile) so long as a copy of such notice follows using the methods provided in (a) or (b) within
two (2) days, addressed as follows: 
  

			
	 To Holder:
	  	 PPZ, LLC

		  	 Attention: Rhea Lamia

[***]

		  	 Email: [***]

		
	 To Company:
	  	 The Real Good Food Company LLC

		  	 [***]

		  	 Email: [***]

 Any party may change its address for notice by written notice given to the other in the manner
provided in this Section 8. Any such communication, notice or demand shall be deemed to have been received on the date of confirmed delivery; provided, however, that any communication, notice or demand received after 5:00 p.m.
(local time for the addressee) shall be deemed to have been received on the next business day. 

9.        Waiver. No waiver of any obligation of the Company under this Note shall be effective
unless it is in a writing signed by the Holder. A waiver by the Holder of any right or remedy under this Note on any occasion shall not be a bar to exercise of the same right or remedy on any subsequent occasion or of any other right or remedy at
any time. The Company hereby expressly waives presentment, demand and protest, notice of demand, dishonor and nonpayment of this Note, and all other notices or demands of any kind in connection with the delivery, acceptance, performance, default or
enforcement hereof. 
 10.        Controlling Law and Venue. This Note and the provisions
hereof shall be governed, construed and interpreted strictly in accordance with the laws of the State of California, without regard to its principles of conflicts of law. The Company and Holder each submit to the exclusive jurisdiction of the state
courts in the State of California. The venue for any legal action arising out of this Agreement shall lie in Los Angeles County, California. 

11.        Severability. In the event any one or more of the provisions of this Note shall for
any reason be held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Note operate or would prospectively operate to invalidate this Note, then and in any
such event, such provision(s) only shall be deemed null and void and shall not affect any other provision of this Note and the remaining provisions of this Note shall remain operative and in full force and effect and in no way shall be affected,
prejudiced, or disturbed thereby. 
 12.        Loss, Theft, Destruction or Mutilation of
Note. In the event of the loss, theft, mutilation or destruction of this Note, upon Company’s receipt of an indemnification agreement reasonably satisfactory to the Company and executed in favor of the Company by the Holder, or in the event
of a mutilation of this Note, upon Holder’s surrender to Company of the mutilated Note, Company shall execute and deliver to Holder, a new convertible promissory note in the form and content identical to this Note in lieu of the lost, stolen,
destroyed or mutilated Note. 

 13.        Relationship of Parties. The
relationship between Company and Holder is, and at all times shall remain, solely that of debtor and creditor, for purposes of this Note only, and shall not be, or be construed to be, a joint venture, partnership or other relationship of any nature.

 14.        Costs. The Company, with the exception of Holder’s attorney fees, shall be
responsible for all costs and expenses related to this Agreement included, but limited to, title policies, escrow costs, recording fees, postage, etc. 

15.        Amendments. No amendment, modification or termination of this Note shall be
effective unless the same shall be in writing and signed and delivered by the Company and Holder. No waiver of any provision of this Note or consent by the Holder shall be effective unless the same shall be in writing and signed by the Holder. No
waiver of any provision of this Note or consent by the Company shall be effective unless the same shall be in writing and signed by the Company. 

[signature page follows] 

 IN WITNESS WHEREOF, the undersigned has caused this Note to be
executed and its seal affixed effective as of the day and year first above written. 
  

			
	COMPANY:                    	 	 THE REAL GOOD FOOD COMPANY LLC,

		 	 a California limited liability company

		
		 	
By:                      
                                         
   

		 	             Josh
Schreider

		 	 Its:       Manager

 Signature Page to PPZ 500K Promissory Note 

 EXHIBIT B 

UCC-1 FINANCING STATEMENT 

[***]EX-10.29

 Exhibit 10.29 
  

 
  

	
	  
 Business Membership Application

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING AN ACCOUNT

 

 To help the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or business that opens an account. What this means for you: When you open an account, we will ask for your name, address,
date of birth, if applicable, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. 
  

	
	  
 MEMBER/ACCOUNT OWNER

 

  

					
	 BUSINESS/ORGANIZATION NAME: The Real Good Food Company, LLC
	  	 MEMBER NUMBER: [***]

		
	OTHER TRADE OR D/B/A NAME:	  	            MEMBERSHIP ELIGIBILITY: ACC
		
	 STATE ORGANIZED: California     EIN/TIN: [***] 
	  	 BUSINESS TYPE: Limited Liability Corporation

		
	 BUSINESS START DATE: 2/3/2016
	  	 SERVICES OFFERED:

		
	 PHYSICAL ADDRESS: 111 N..Artsakh Avenue #201
	  	
		
	 Glendale CA 91206
	  	
		
	 BUSINESS PHONE: [***] 
	  	            EMAIL ADDRESS: [***] 
	     
	  	
	  
 AUTHORIZED PERSON / AUTHORIZED SIGNER

 

			
	 NAME: Josh Schreider
	  	 SSN/TIN: [***]
	  	 DATE OF BIRTH: [***]

		
	 HOME ADDRESS: [***]
	  	 DRIVER’S LICENSE/PERSONAL ID NO. : [***]

			
		  		  	
			
	 TITLE /POSITION: COO
	  	 STATE ID ISSUED BY: AZ
	  	 ID EXPIRATION DATE: [***]

			
	 OWNERSHIP % (IF ANY) [***]
	  	 E-MAIL: [***]
  
	  	 CELL PHONE: [***]

			
	 NAME: Rhea Lamia
	  	 SSN/TIN: [***]
	  	 DATE OF BIRTH: [***]

		
	 HOME ADDRESS: [***]
	  	 DRIVER’S LICENSE/PERSONAL ID NO. : [***]

	
			
	 TITLE /POSITION: Signer for PPZ
	  	 STATE ID ISSUED BY: CA
	  	 ID EXPIRATION DATE: [***]

			
	 OWNERSHIP % (IF ANY) [***]
  
	  	 E-MAIL: [***]
  
	  	 CELL PHONE: [***]
  

			
	 NAME: Bryan T Freeman
	  	 SSN/TIN: [***]
	  	 DATE OF BIRTH: [***]

		
	 HOME ADDRESS: [***]
	  	 DRIVER’S LICENSE/PERSONAL ID NO. : [***]

		
		  	
			
	 TITLE /POSITION: Signer for Slingshot
	  	 STATE ID ISSUED BY: CA
	  	 ID EXPIRATION DATE: [***]

			
	 OWNERSHIP % (IF ANY) [***]
	  	             E-MAIL: [***]

 
	  	 CELL PHONE: [***]

			
	 NAME:
	  	 SSN/TIN:
	  	 DATE OF BIRTH:

		
	 HOME ADDRESS:  
	  	 DRIVER’S LICENSE/PERSONAL ID NO. :

			
	 TITLE /POSITION:
	  	 STATE ID ISSUED BY:
	  	 ID EXPIRATION DATE:

			
	 OWNERSHIP % (IF ANY)
  
	  	 E-MAIL:
  
	  	 CELL PHONE:
  

  

	
	  
   ACCOUNTS & SERVICES

 

	
	 X  Business Share
Savings*                                        
             Free Business Checking
	* Your Credit Union Account Automatically includes a share account. (Loan proceeds are deposited into this account.)
	Additional Person(s) authorized to receive account
information:                                       
                            
☐    Internet Banking
	
	Is more than one signature required to transact business?      NO

	
	  
 TIN CERTIFICATION AND BACKUP WITHHOLDING
INFORMATION
  

 Under penalties of perjury, the undersigned certifies on behalf of the Account Owner that: 

 

			
		  	 1.  The number shown on this form is the Account Owner’ s correct TIN
(or the Account Owner is waiting for a number to be issued), and

	 ☐
	  	 2.  The Account Owner is not subject to backup withholding because:
(a) it is exempt from backup withholding, or (b) it has not been notified by the Internal Revenue Service (IRS) that it is subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has
notified the Account Owner that it is no longer subject to backup withholding, and

		  	 3.  The Account Owner is a U.S. citizen or other U.S. person. For federal
tax purposes, the Account Owner is considered a U.S. person if the Account Owner is: an individual who is a U.S. citizen or U.S. resident alien; a partnership, corporation, company, or association created or organized in the United States or under
the laws of the United States; an estate (other than a foreign estate); or a domestic trust (as defined in Regulations section 301.7701-7).

		  	 4.  The FATCA code(s) entered on this form (if any) indicating that the
Account Owner is exempt from FATCA reporting is correct.

 Certification Instructions. Check the box for item 2 above if the Account Owner has been notified
by the IRS that it is currently subject to backup withholding because it has failed to report all interest and dividends on its tax return. Checking the box serves to strike out the language related to underreporting. Complete the appropriate W-8
form if the Account Owner is not a U.S. person. If a separate W-8 form is completed, your signature does not serve to certify this section. 
  

					
	 Exempt payee code (if any)
                            
	  	Exemption from FATCA reporting code (if any)                             	  	

  

	
	  
 Authorization & Authorized
Signers
  

 By signing or otherwise authenticating, the undersigned, on behalf of the Account Owner,
acknowledge(s) receipt of and agree(s) to the terms of this Business Account Card, the Business Membership and Account Agreement, the Funds Availability Policy Disclosure, additional documents and disclosures the Credit Union has provided, and to
any amendments the Credit Union may make from time to time, which are applicable to the accounts and services requested herein. The undersigned also agree(s) that the information contained on this document is accurate, that any information updates
identified on this Business Account Card amend all previously authenticated Business Account Card(s), and that such updates are subject to the terms and conditions of the applicable disclosures noted herein. 

By signing this authorization, each of the signers jointly and severally certifies and agrees that the terms of the Certificate of
Authority apply to the Member/Owner listed above. The signers further acknowledge receipt of and agree to the terms of the Membership and Account Agreement, Account Card, Truth-in-Savings Disclosure, and Funds Availability Policy Disclosure, if
applicable, as amended by the Credit Union from time to time. 
 The IRS does not require your consent to any provision of this
document other than the certifications required to avoid backup withholding. 
  

									
	 	 		 	 
	 /s/ Josh
Schreider                      
	 	 	  		  	 /s/
BFreeman                      
	  	 
	 Josh Schreider (May 12, 2020)

 
	 	 	  		  	 BFreeman (May 12, 2020)

 
	  	 
	  
	 	 	  		  	  
	  	 
		 		  		  		  	
	 	 		 	 
	 /s/ Rhea
Lamia                     
	 	 	  		  		  	 
	 Rhea Lamia (May 12, 2020)
	 	    	  		  	     
	  	 
	  
	 	 	  		  	 	  	 

 CERTIFICATE OF AUTHORITY 
  

	 	1.	 Member/Owner. The Member/Owner name shown above is the complete and correct name of the Member/Owner. If
applicable, all registered assumed names under which the Member/Owner does business are shown above. Each corporate officer, partner or trustee, whichever is applicable, warrants that the corporation, partnership, or living trust has been duly
formed and is currently existing. 

  

	 	2.	 Authorized Signers. The officers, authorized agents, or trustees, as applicable, signing above (Signers)
presently occupy the positions shown and are authorized to transact business on behalf of the Member/Owner. Each Signer agrees to notify the Credit Union in writing of any change in authority. Credit Union may request any other evidence of
Signer’s authority at any time. 

  

	 	3.	 Authority. 

  

	 	a.	 Each Signer certifies and agrees that the Member/Owner’s accounts will be governed by the terms set forth in the
Membership and Account Agreement and Account Card, as amended from time to time. 

  

	 	b.	 The Credit Union is directed to accept and pay without further inquiry any item, bearing the appropriate number of
signatures as indicated above, drawn against any of the Member/Owner’s accounts. Unless otherwise indicated, any one Authorized Signer is expressly authorized to endorse all items payable to or owned by the Member/Owner for deposit with or
collection by the Credit Union and to execute such other agreements and to perform any other transaction under the Agreement. 

  

	 	c.	 The authority given to the Authorized Signers and Persons Authorized to Receive Account Information shall remain in
full force until written notice of revocation is delivered to and received by the Credit Union at each location where an account is maintained. Any such notice shall not affect any items in process at the time notice is given. An authorized officer,
trustee, or agent of the Member/Owner will notify the Credit Union of any change in the Member/Owner’s composition, assumed business names, or any aspect of the entity affecting the deposit relationship between the Member/Owner and the Credit
Union before any such change occurs. The Credit Union shall have no duty to inquire as to the powers and duties of any Signer and shall have no notice of any breach of fiduciary duties by any Signer unless the Credit Union has actual notice of
wrongdoing. 

  

	 	d.	 The Persons Authorized to Receive Account Information, if applicable, are authorized to receive from the Credit Union,
either orally or in writing, any information related to the account. Those persons are not authorized to withdraw funds or issue checks/drafts against or make any transaction related to the account. 

Liability. Member/Owner and each Signer agree to indemnify and hold Credit Union harmless of any claim or liability as a result of
unauthorized acts of any Signer or former Signer or acts of any Signer upon which Credit Union relies prior to notice of any account change or change of Member/Owner. The Member/Owner agrees that the Credit Union shall not be liable for any losses
due to the Member/Owner’s failure to notify the Credit Union of such changes 

	
	  

CERTIFICATION OF BENEFICIAL OWNER(S)
  

Persons opening an account on behalf of a legal entity must provide the following information.

 

  

			
	  

a.  Name and Title of Natural Person Opening Account:

 

	NAME	  	TITLE
	
            Josh Schreider
  
	  	
                COO

 

  

					
	  

b.  Name, Type and Address of Legal Entity for Which the Account is Being Opened:

 

	NAME	  	TYPE	  	ADDRESS
	 	 	 
	  The Real Good Food Company, LLC	  	  Limited Liability Corporation	  	      111 N..Artsakh Avenue #201
	 	  	 	  	      GlendaleCA91206

  

									
	 
	
c.  The following information for each individual, if any, who directly or indirectly,
through any contract, arrangement, understanding, relationship or otherwise, owns 25 percent or more of the equity interests of the legal entity listed above. If no individual meets this definition, please check “Beneficial Owner Not
Applicable” below and skip to the next section.

	
 
          Beneficial Owner Not
Applicable
  

	BENEFICIAL OWNER 1	 	 	 	 	 	 	 	 
	NAME	 		 	DATE OF BIRTH	 	ADDRESS (Residential or Business Street Address)
	 Josh Schreider	 	 	 	 [***]	 	  [***]

 

	SOCIAL SECURITY NUMBER*	 	PASSPORT OR OTHER ID NUMBER*                	 		 	COUNTRY OF ISSUANCE*
	  [***]	 	[***]	 	 	 	AR
	BENEFICIAL OWNER 2	 	 	 	 	 	 	 	 
	NAME	 		 	DATE OF BIRTH	 	ADDRESS (Residential or Business Street Address)
	Rhea Lamia	 	 	 	 [***]	 	  [***]

 

	SOCIAL SECURITY NUMBER*	 	PASSPORT OR OTHER ID NUMBER*	 		 	COUNTRY OF ISSUANCE*
	  [***]	 	[***]	 	 	 	USA
	BENEFICIAL OWNER 3	 	 	 	 	 	 	 	 
	NAME	 		 	DATE OF BIRTH	 	ADDRESS (Residential or Business Street Address)
	  Bryan Freeman	 	 	 	 [***]	 	  [***]

 

	SOCIAL SECURITY NUMBER*	 	PASSPORT OR OTHER ID NUMBER*	 		 	COUNTRY OF ISSUANCE*
	  [***]	 	[***]	 	 	 	USA
	BENEFICIAL OWNER 4	 	        	 	 	 	                	 	 
	NAME	 	 	 	DATE OF BIRTH	 	ADDRESS (Residential or Business Street Address)
	SOCIAL SECURITY NUMBER*	 	PASSPORT OR OTHER ID NUMBER*	 	 	 	COUNTRY OF ISSUANCE*

  

									
	
d.  The following information for one individual with significant responsibility for managing
the legal entity listed above, such as:

	 
	
•   An executive officer or senior manager (e.g., Chief Executive Officer, Chief Financial Officer,
Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer); or

	 
	
•   Any other individual who regularly performs similar functions (if appropriate, an individual listed
under section (c) above may also be listed in this section (d)).
  

	NAME	 		 		 	ADDRESS (Residential or Business Street Address)
	  Josh Schreider	 	 	 	 	 	 [***] 	 	 
	TITLE	 		 		 	DATE OF BIRTH	 	 
	 COO	 	 	 	 	 	 [***]	 	 
	SOCIAL SECURITY NUMBER*	 	PASSPORT OR OTHER ID NUMBER*	 	COUNTRY OF ISSUANCE*                    
	  [***]	 	 [***]	 	 	 	AZ

  

	 	*	 For U.S. Persons: Provide a Social Security Number. 

For Non-U.S. Persons: Provide a Social Security Number, passport number and country of issuance, or other similar identification number, such as an
alien identification card number or number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard. 

 

									
	 	 	 	 	CERTIFICATION SIGNATURE
	 
	 I,Josh Schreider(name
of natural person opening account), hereby certify, to the best of my knowledge, that the information provided above is complete and correct.
  

	 	 	Signature	  	            Date  	  	 
	 	 	X	 	/s/ Josh Schreider                  	  	 	  	 
	 	Josh Schreider (May 12, 2020)	  	    (Seal)	  	 
	 	 	 	 	 	  	 	  	 

			
	

	  	

  

  

									
	 Primary Borrower Name/Address

The Real Good Food Company, LLC -

111 N..Artsakh Avenue #201

Glendale CA 91206
	  	            Co-Borrower Name/Address	  	Date	  	Account Number	  	
	  		  	 5/9/2020                 
	  	 [***]
  
	  	 
	  		  		  		  	
	  		  		  	Interest Rate	  	
	 	  	 	  	 	  	 	  	1.00%
	 This Single Advance Loan Disclosure is made under the terms of your Simplified
Loan Agreement with the above-named Credit Union and provides information that is specific to the closed-end credit advance described herein. By authenticating this transaction (that is, by signing or depositing any loan advance proceeds check, or
by accepting and/or using any loan proceeds deposited by the Credit Union into your share or share draft account), this Single Advance Loan Disclosure becomes an integrated part of the Simplified Loan Agreement, and is subject to all of the terms
and conditions set forth in that document.
  
 Promise To Pay. By
authenticating the transaction you promise to pay the principal amount advanced, plus all accrued interest and other charges according to the terms set forth in this document (including the Truth-In-Lending Disclosure) and in the Simplified Loan
Agreement. The payment schedule for this Closed-End Credit Loan Type is set forth in the Truth-In-Lending Disclosure.

	 CAUTION: If you do not understand and agree with the information contained in this Single Advance Loan Disclosure
you must contact the Credit Union immediately. You understand that by accepting loan proceeds evidenced by this disclosure, you agree to the terms of this Single Advance Loan. The loan proceeds may be returned or rejected if you do not agree with
the credit terms or other conditions set forth in the Truth-in-Lending disclosure.

	
	TRUTH-IN-LENDING DISCLOSURE – SINGLE ADVANCE LOAN

							
		  		  		  	
	 ANNUAL
PERCENTAGE
 RATE
 The cost of your credit as a yearly rate.
	  	 FINANCE CHARGE
 The
dollar amount the credit will cost you
	  	 AMOUNT FINANCED

The amount of credit provided to you or on your behalf.
	  	 TOTAL OF PAYMENTS

The amount you will have paid when you have made all payments as scheduled.

	 	  	  
 $ 4,011.56
	  	  
 $308,702.00
	  	  

$312,713.56

	1.00% 	  	 	  	 	  	 

  

							
	Number of Payments	  	Amount Of Payments        	 	When Payments Are Due	  	  
	
17    
	  	  $17,372.98	 	12/9/2020	  	 
	 	 		 
	
1    
	  	  $17,372.90	 	5/9/2022	  	 

 PREPAYMENT: If you payoff your loan early, you will not have to pay a penalty. 

REQUIRED DEPOSIT: The annual percentage rate does not take into account your required deposit, if any. 

PROPERTY INSURANCE: You may obtain property insurance from anyone you want that is acceptable to the Credit Union. 

LATE CHARGE: If your payment is more than 10 days late you will be charged an amount equal to 5% of the past due payment , minimum $5.00, maximum
$25.00. 
 ASSUMABILITY: Your loan is not assumable. 

FILING FEES: $                     

SECURITY: You are giving us a security interest in: 
  

	 	☒	 Your present and future shares and deposits with the credit union. 

 

	 	☒	 Personal property (other than household goods or any dwelling) securing other loans you have with us.

  

	 	☐	 The property purchased in this transaction. 

 

	 	☐	 Other (describe by item or
type)              

 See your contract documents for
any additional information about prepayment, default, any required repayment in full before the scheduled due date, 

			
	   and prepayment refunds and penalties.
	  	“e” means an estimate

							
	
ITEMIZATION OF THE AMOUNT FINANCED The Credit Union or an entity affiliated with the Credit Union will retain a
portion of the amount paid to others denoted by asterisk (*).

	   Itemization of amount financed of
	  	Amount given to you directly	  	Paid on Account	 	Prepaid Finance Charge
	   $
	  	$	  	$	 	$
	   Amount paid to others on your behalf:
	  		 	
	   To:
	  	$	  	To:	 	$
	   To:
	  	$	  	To:	 	$
	SECURITY DESCRIPTION – PLEDGED PROPERTY

 By authenticating this transaction, you give the Credit Union a security interest in the property described below
(“Pledged Property”) to secure repayment of the closed-end credit loan advance evidenced by this Single Advance Loan Disclosure. (Describe Pledged Property): 

See Page 2 for additional information about security for this closed-end credit advance. 

 

					
	                 /s/ Josh Schreider         	  		  	                /s/ BFreeman      
	 Borrower Josh Schreider (May 12,
2020)                             (seal)
	  		  	Borrower BFreeman (May 12,
2020)                         (seal)
			
	                  /s/ Rhea Lamia        	  		  	
	 Borrower Rhea Lamia (May 12,
2020)                                
(seal)
	  		  	Borrower
                                         
             (seal)

 

  
 Page 1 of 2 

			
	      

	  	

    

  

									
	 Primary Borrower Name/Address
	  	Co-Borrower Name/Address	  	Date	 	Account Number
	 The Real Good Food Company, LLC -
	  		 		  	5/9/2020	 	[***]
	 111 N..Artsakh Avenue #201
	  		 		  	 	 	 
	 Glendale CA 91206

 
  
	  	 	 	 	  	 	 	 
	 Security Interest: To
secure repayment of the loan evidenced by this Single Advance Loan Disclosure, and any extensions, renewals, or refinancing of the loan, you give the Credit Union a security interest in the property described in the “Security” section on
Page 1 (“Pledged Property”). This security interest covers not only the Pledged Property, but also covers all proceeds of, substitutions or replacements for, and all accessions and improvements to the Pledged Property, as well as all
proceeds from insurance and all refunds of unearned premiums related to the Pledged Property. The security interest also includes any replacements of the Pledged Property you buy within 10 days of the loan, as well as any money you receive for
selling the Pledged Property.
  
 You understand and agree that by
authenticating this advance you give the Credit Union a security interest in all individual and joint deposit accounts you have in the credit union, now or in the future, except for those accounts, such as an IRA, Keogh Account, or similar
government-authorized tax deferral account which would lose special tax treatment if pledged as security for a loan advance (collectively, the “Pledged Deposits”).

 
 Refer to the section “Security for Closed-end Loan Types” in
the Simplified Loan Agreement for additional terms and conditions related to security for this loan.
  

You promise that you own the Pledged Deposits and any Pledged Property given as collateral, and/or that you will use the proceeds of this loan to purchase
the Pledged Property, and that no one else has or will have an interest in or claim against the collateral, except as now or previously disclosed to the Credit Union.

 
 Any item of personal property you pledge as security for this Single
Advance Loan Type (other than household goods or any dwelling) will secure repayment of amounts you owe the Credit Union in the future, if that intent is reflected in the Truth In Lending Disclosures furnished in connection with any such future
loans.
  
 Protection of the Collateral: Refer to the section
“Protection of the Collateral” in the Simplified Loan Agreement for the terms and conditions related to your agreements and obligations with respect to the collateral.

 
 Property Insurance and Taxes: Refer to the section
“Property Insurance and Taxes” in the Simplified Loan Agreement for the terms and conditions related to your obligations to insure the collateral and to pay any taxes on the collateral.

 
 Default: You will be in default if you fail to make payments
are required by this Single Advance Loan Disclosure. You will also be in default if any of the events described in the “Default” section of the Simplified Loan Agreement occur. Refer to the Simplified Loan Agreement for additional terms
and conditions related to default.
  
 Remedies: Refer to the
section “Remedies” in the Simplified Loan Agreement for the Credit Union’s remedies in the event of default.
	 	  

Lien Impressment and Right of Setoff: Refer to the section “Lien Impressment and Right of Setoff for All Loan Types” in the Simplified
Loan Agreement for the terms and conditions related to the Credit Union’s right to impress and enforce a statutory lien on your shares on deposit with the Credit Union and to the Credit Union’s right of setoff.

 
 Simplified Loan Agreement: You understand and agree that upon
authentication of this loan that this Single Advance Loan Disclosure becomes an integrated part of the Simplified Loan Agreement, and that all of the terms and conditions contained in the Simplified Loan Agreement are incorporated herein. Refer to
the Simplified Loan Agreement for important additional terms and conditions.
  

Notice: You promise that your name and address shown in this Single Advance Loan Disclosure is your legal name and place of residence and such
place is the proper address for all notice(s) that may be required and your further understand that changes in address must be submitted to the Credit Union in writing to be effective.

 
 Limited Power of Attorney: By accepting the proceeds of the
loan evidenced by this Single Advance Loan Disclosure, you hereby appoint the Credit Union to be your lawful Attorney-in-Fact for you to record a lien on the motor vehicle or other property described as collateral herein and to print your name and
sign the Credit Union, in your behalf. Your Attorney-in-Fact can also do all things necessary to any other related document and bind you in a sufficient manner as you would do yourself were you personally present and signing your name. With full
power of substitution and revocation, by evidence of this loan, you confirm whatever your Attorney-in-Fact causes to be done within the scope of the Power of Attorney.

 
 SPOUSAL INTERVENTION—This paragraph is to be completed only when
the Security Agreement affects previously owned household goods and only one spouse applies for individual credit.
 FOR LOUISIANA RESIDENTS

AND NOW INTO THESE PRESENCE INTERVENES
  

 
 my spouse, appearing herein for the limited purpose of concurring with the granting
of a security interest on the community-owned property described on the face side of this contract in accordance with the terms and conditions of this Agreement consistent with Article 2347 of the Louisiana Civil Code without creating any liability
with regard to my spouse’s separate property as well as (where applicable) to waive any homestead or other exemptions from seizure with regard to the secured property as may be granted under Louisiana law.

INTERVENOR (Spouse): 
  

 
 Credit Union
Approval                                       
                            Date

                            
                            For Credit Union Use Only

 

	 	  	  
	 	  
	  	  
	 	  

	Owner of Collateral Signature (if
applicable)
	To be signed by Owner of Collateral Other than
Borrower for the collateral pledged as security for this closed-end credit loan advance. If you are authenticating as “Owner of Collateral Other than Borrower,” you are giving the Credit Union a Security Interest in the property described
above and you are bound only by the Security Agreement.

									
	 Owner of Collateral Other than
Borrower                      Seal            Date
	 	  Owner of Collateral Other than
Borrower                  Seal            Date
	X	 	  X

  
 Page 2 of 2 

 

 
 Deferral Information 

Deferment Period. Borrower acknowledges that the loan represented by this Note has been extended to the Borrower by the Lender as authorized by the provisions of
the Coronavirus Aid, Relief, and Economic Security Act enacted March 27, 2020 (the “CARES Act”). Pursuant to the Act, all payments hereunder are deferred for six (6) months from the date of this Note (the “Deferment
Period”), the first payment of all interest accruing during the Deferment Period begin due on the payment date as set forth above. Borrower further acknowledges and agrees that at any time following the expiration of the Deferment Period, the
Lender may, in its sole discretion, convert any amounts which may be due and owing at such time to a loan which fully amortize over the remaining term of this Note and the Borrower agrees to all changes in the monthly payment necessitated thereby.

  

	
	/s/ Josh Schreider              
	 Josh Schreider (May 12, 2020)

                            
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                       

	Josh Schreider
	
	/s/ Rhea Lamia      
	Rhea Lamia (May 12, 2020)        
	
                            
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                       

	Rhea Lamia
	
	/s/ BFreeman      
	BFreeman (May 12, 2020)
	
                            
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                       

	Bryan Freeman
	
	                                      
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                             

  
 

 

 

 
  

			
	  

Borrower:
  
	  	  

The Real Good Food Company, LLC
  

	  

Organization Type:
  
	  	  

Limited Liability Corporation
  

	  

State of Organization:
  
	  	  

California
  

	  

Person(s) Authorized to Act on Behalf of Borrower:
  
	  	  

Josh Schreider COO [***],
 Rhea Lamia Signer for PPZ, Bryan Freeman Signer for Slingshot
  

	  

Lender:
  
	  	  

Carter Federal Credit Union
  

	  

Loan Amount:
  
	  	  

$308,702.00
  

	  

RESOLUTIONS OF THE BORROWER PAYCHECK PROTECTION PROGRAM
  

 

					
	  

The undersigned, being all the members of the governing body of Borrower, do hereby adopt the following resolutions in the name of and on behalf of Borrower, without the
necessity of a formal meeting, and in lieu thereof.
 WHEREAS, Borrower has been adversely affected by the COVID-19 Pandemic and faces economic uncertainty as a result
of the pandemic; and
  
 WHEREAS, Borrower has determined that it is eligible for a loan under the
Paycheck Protection Program (the “Program”) authorized by Section 1102 of the Coronavirus Aid, Relief and Economic Security Act, HR 748 (Pub. Law 116-136) (the “CARES Act”); and

 
 WHEREAS, the Company desires to apply to Lender for a loan in the amount set forth above (the
“Loan”) under the Program; and
  
 WHEREAS, Borrower will use the Loan in accordance with
the requirements of the CARES Act and all applicable rules, regulations and guidance issued by the United States Small Business Administration and Secretary of the Treasury applicable to the Program (“Program Requirements”);

 
 NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:

 
 1.  Borrower shall be, and hereby is, authorized
to apply for, make, accept and enter into the Loan on such terms and conditions as any Authorized Person shall deem appropriate, the execution of any promissory notes and other loan documents, certificates and agreements in connection with the Loan
by any Authorized Person to be conclusive evidence of approval thereof by Borrower.
  

2.  Borrower shall be, and hereby is, authorized and directed to comply with any and all Program Requirements.

 
 3.  Borrower shall be, and hereby is, authorized
and directed to take any all actions necessary to cause the forgiveness of so much of the Loan as Borrower may be entitled under Section 1106 of the CARES Act, the execution of any applications, certifications and agreements and the providing
of any information in connection therewith by any Authorized Person to be conclusive evidence of approval and authorization thereof by Borrower.
  

4.  Borrower shall be, and hereby is, authorized and directed to take such further actions or to execute such further
documents as Authorized Person may deem necessary or advisable to consummate the transactions contemplated by these resolutions, the taking of each of such actions or the execution of each of such documents by any Authorized Person to be conclusive
evidence of approval thereof by Borrower.
  

5.  Each action heretofore taken, and each document or instrument heretofore executed by Borrower in connection with
the transactions contemplated by these Resolutions shall be, and hereby is, ratified, affirmed and approved in all respects.
  

The undersigned, being all the persons or entities required to approve these Resolutions on behalf of Borrower hereby execute these Resolutions for and on behalf of
Borrower as of the dates set forth below.
  

	/s/ Josh Schreider            	 		  	/s/ Rhea Lamia    
	 Josh Schreider (May 12, 2020)

                            
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
     
 Josh Schreider, COO [***] 
	 		  	 Rhea Lamia (May 12, 2020)

                            
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
     
 Rhea Lamia, Signer [***] 

	 	
	 	
	/s/ BFreeman    	 		  	 
	BFreeman (May 12, 2020)	 		  	 
	
                            
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
     
 Bryan Freeman Signer

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