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Full title: Affidavit (re:9 Motion for use of cash collateral) filed by Worldwide Distributors. Proof of service. (Meyer, Steven) (Entered: 02/04/2021)

Document posted on Feb 3, 2021 in the bankruptcy, 4 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

On the afternoon of February 3, 2021, I received an email from Michael Wesley of Clear Thinking Group that included the Budget Compliance Report for week ending January 30, 2021, a copy of which is attached hereto as Exhibit A. Dated: February 4,Actual Budget Difference ($) % Variance Actual Budget Difference ($) % Variance Compliance NOTES2 3 Cash Receipts $ 4,488,518 $ 3,786,139 $ 702,379 19% $ 16,426,692 $ 10,288,417 $ 6,138,275 60% PASS Sales exceeded forecast4 5 Cash Disbursements 6 Payroll & Benefits $ (4,209) $ - $ (4,209) #DIV/0! $ (742,203) $ (826,431) $ 84,228 13 Other Operating Costs $ (75,569) $ (75,000) $ (569) 1% $ (258,910) $ (225,000) $ (33,910) 15%Liquidator expenses were higher due to catch-up on supervision 14 Liquidator Expenses/Fees $ (201,151) $ (150,491) $ (50,660) 34% $ (513,365) $ (608,855) $ 95,490 -16% expenses.-66% $ (148,974) $ (720,000) $ 571,026 -79% Receipts related to feed inventory were lighter than forecasted. I hereby certify that on February 4, 2021, I caused the Declaration of Steven W. Meyer in Support of Objection of Worldwide Distributors to Entry of Final Order on Motion for Order (i)

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MINNESOTA In re: Case No. 21-30037 (Chapter 11) Tea Olive I, LLC d/b/a Stock+Field, DECLARATION OF STEVEN W. Debtor. MEYER IN SUPPORT OF OBJECTION OF WORLDWIDE DISTRIBUTORS TO ENTRY OF FINAL ORDER ON MOTION FOR ORDER (I) GRANTING EXPEDITED RELIEF AND (II) AUTHORIZING THE USE OF CASH COLLATERAL ON AN INTERIM AND FINAL BASIS I, Steven W. Meyer, declare under penalty of perjury, that: 1. I am counsel to Worldwide Distributors in the above-captioned matter. 2. On the afternoon of February 3, 2021, I received an email from Michael Wesley of Clear Thinking Group that included the Budget Compliance Report for week ending January 30, 2021, a copy of which is attached hereto as Exhibit A. Dated: February 4, 2021 FOX ROTHSCHILD LLP By: /e/ Steven W. Meyer Steven W. Meyer (#160313) 222 South Ninth Street, Suite 2000 Minneapolis, Minnesota 55402 Telephone: (612) 607-7000 Facsimile: (612) 607-7100 ATTORNEYS FOR WORLDWIDE DISTRIBUTORS

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EXHIBIT A BUDGET COMPLIANCE REPORT (See attached)

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For week ending: 1/30/2021 Weekly Variance Cumulative Variance Actual Budget Difference ($) % Variance Actual Budget Difference ($) % Variance Compliance NOTES2 3 Cash Receipts $ 4,488,518 $ 3,786,139 $ 702,379 19% $ 16,426,692 $ 10,288,417 $ 6,138,275 60% PASS Sales exceeded forecast4 5 Cash Disbursements 6 Payroll & Benefits $ (4,209) $ - $ (4,209) #DIV/0! $ (742,203) $ (826,431) $ 84,228 -10% 7 Rent $ - $ - $ - #DIV/0! $ - $ - $ - #DIV/0! 8 Taxes $ - $ - $ - #DIV/0! $ - $ - $ - #DIV/0! 9 Utilities $ - $ - $ - #DIV/0! $ (9,507) $ - $ (9,507) #DIV/0! 10 Insurance $ - $ - $ - #DIV/0! $ (146,326) $ (170,432) $ 24,106 -14%11 Freight/Logistics $ (42,288) $ (20,000) $ (22,288) 111% $ (76,021) $ (60,000) $ (16,021) 27% Approximately $14.4k relates to monthly trailer leases. 12 Pro Fees $ (565,000) $ (180,000) $ (385,000) 214% $ (565,000) $ (565,000) $ - 0% PASS Catch-up from prior weeks. 13 Other Operating Costs $ (75,569) $ (75,000) $ (569) 1% $ (258,910) $ (225,000) $ (33,910) 15%Liquidator expenses were higher due to catch-up on supervision 14 Liquidator Expenses/Fees $ (201,151) $ (150,491) $ (50,660) 34% $ (513,365) $ (608,855) $ 95,490 -16% expenses. 15 Merch Payments $ (82,589) $ (240,000) $ 157,411 -66% $ (148,974) $ (720,000) $ 571,026 -79% Receipts related to feed inventory were lighter than forecasted. 16Total Cash Disbursements $ (970,805) $ (665,491) $ (305,315) 46% $ (2,460,306) $ (3,175,718) $ 715,412 -23% PASS17 18Net Cash Flow $ 3,517,712 $ 3,120,648 $ 397,064 13% $ 13,966,386 $ 7,112,699 $ 6,853,687 96%The cash balance includes approximatley $71k in outstanding checks 19Cash Balance $ 3,636,715 $ 3,150,000 $ 486,715 15% and approximately $401k held in the depository account20 21Adequate Protection Payments $ (1,000,000) $ (500,000) $ (500,000) 100% $ (1,000,000) $ (1,000,000) $ - 0% Moved from concentration to BoA depository account. 22 23Availability (as of 01/23/2021) 24 Accounts Receivable Availability $ 2,447,846 $ 1,395,328 $ 1,052,518 75%25 Inventory Availability $ 24,524,850 $ 27,016,243 $ (2,491,393) -9%26 Real Estate Availability $ 6,518,448 $ 6,518,448 $ - 0%27 Reserves $ (578,783) $ (572,564) $ (6,219) 1%28Net Availability $ 32,912,360 $ 34,357,455 $ (1,445,095) -4% PASS29 30Total Outstanding Loan Balance $ 20,083,240 $ 26,877,655 $ (6,794,415) -25%31 REFERENCE Oustanding Amounts $ 7 1,045 **The accompanying financial information is based on information provided by Tea Olive, LLC. Clear Thinking Group has not audited or otherwise verified the information provided to us, nor will we provide any assurances concerning the reliability, accuracy, or completeness of any materials provided by or on behalf of Tea Olive, LLC. Any party reviewing the Company’s information and considering either a lending and or investment relationship should only do so after they have performed their own detailed independent due diligence. Document Page 3 of 4 Case 21-30037 Doc 113 Filed 02/04/21 Entered 02/04/21 08:18:48 Desc Main

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MINNESOTA In re: Case No. 21-30037 (Chapter 11) Tea Olive I, LLC d/b/a Stock+Field, UNSWORN CERTIFICATE Debtor. OF SERVICE I hereby certify that on February 4, 2021, I caused the Declaration of Steven W. Meyer in Support of Objection of Worldwide Distributors to Entry of Final Order on Motion for Order (i) Granting Expedited Relief and (ii) Authorizing the Use of Cash Collateral on an Interim and Final Basis to be filed electronically with the Clerk of Court through ECF. Dated: February 4, 2021 FOX ROTHSCHILD LLP By: /e/ Steven W. Meyer Steven W. Meyer (#160313) 222 South Ninth Street, Suite 2000 Minneapolis, Minnesota 55402 Telephone: (612) 607-7000 Facsimile: (612) 607-7100 ATTORNEYS FOR WORLDWIDE DISTRIBUTORS