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Full title: Second Interim Order Authorizing Use of Cash Collateral (Related Doc # 9) (David T MNB) (Entered: 02/05/2021)

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

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UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MINNESOTA In re: Chapter 11 TEA OLIVE I, LLC, Case No. 21-30037 Debtor. SECOND INTERIM ORDER (I) AUTHORIZING USE OF CASH COLLATERAL AND AFFORDING ADEQUATE PROTECTION; AND (II) MODIFYING AUTOMATIC STAY This matter is before the Court on the Debtor’s Motion for Interim and Final Orders (A) Authorizing Postpetition Use of Cash Collateral, (B) Granting Adequate Protection, (C) Scheduling a Final Hearing Pursuant To Bankruptcy Rule 4001(b), and (D) Granting Related Relief (the “Motion”) (Dkt. No. 9) and the Interim Order (I) Authorizing Use of Cash Collateral and Affording Adequate Protection; (II) Modifying Automatic Stay; and (III) Scheduling a Final Hearing (the “Interim Order”) (Dkt. No. 53).1 IT IS HEREBY ORDERED: 1. Motion Granted. The Motion is GRANTED on a further interim basis to the extentprovided herein. Any objection to relief requested in the Motion on an interim basis, to the extent not withdrawn, waived or resolved, is hereby overruled. The rights of all parties in interest to object to the entry of a final order are reserved. 2. Terms of Interim Order Extended. The Debtor’s authorization to use Cash Collateral onan interim basis pursuant to the terms of the Interim Order are hereby extended through and including February 12, 2021 in accordance with the budget attached hereto as Exhibit 1 (the “Second Interim Budget”), subject to the Permitted Variance. 3. Modifications to Interim Order. 1 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Interim Order.

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(a) Paragraph 5(i) of the Interim Order is hereby amended and replaced in its entirety withthe following: “the failure of the Court to enter a final order (a “Final Order”) in formsatisfactory to the Prepetition Agent on or before February 12, 2021;”. (b) Paragraph 24(b) of the Interim Order is hereby amended and replaced in its entiretywith the following: “On or prior to February 12, 2021, the Court shall have entered aFinal Order, in form and substance acceptable to Prepetition Agent approving theDebtor’s use of Cash Collateral;”. 4. Worldwide Adequate Protection. As additional adequate protection for the Debtor’s use of Cash Collateral in which Worldwide asserts an interest, in addition to the adequate protection provided in the Interim Order, the Debtor shall transfer to the Worldwide Account an additional $250,000 on each of February 8, 2021 and February 10, 2021, for a total of an additional $500,000. All rights of Worldwide to oppose the principal reduction payment scheduled for February 12, 2021 in connection with future hearings on this matter are preserved. 5. Retention of Jurisdiction. The Court has and will retain jurisdiction to enforce this Second Interim Order in accordance with its terms and to adjudicate any and all matters arising from or related to the interpretation or implementation of this Second Interim Order. Dated: February 5, 2021 /e/ William J. Fisher ____________________________________ William J. Fisher United States Bankruptcy Judge

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Forecast22/7/20212/13/20212/7/2021 4,881,143$ -$ $- (1,527,855)$ (25) $(100,000)$ (20,000)$ (142,250)$ (75,000)$ (196,417)$ (130,000)$ (2,191,548)$ 2,689,595$ 2,900,000$ (250,000)$ (250,000)$ 2,122,699$ 19,312,354$ 6,409,548$ (121,819)$ 27,722,782$ 18,399,897$ -$ 13,750$ 35,000$ (2,689,595)$ 15,759,052$ 11,963,730$ Forecast11/31/20212/6/20211/31/2021 4,706,930$ (1,125,918)$ (899,441)$ $-(150,000)$ -$(20,000)$ (153,000)$ (75,000)$ (168,526)$ (190,000)$ (2,781,885)$ 1,925,045$ 3,150,000$ (250,000)$ (250,000)$ 1,779,513$ 22,157,868$ 6,518,448$ (561,484)$ 29,894,345$ 20,083,240$ -$ 293,145$ 100,000$ (2,076,488)$ 18,399,897$ 11,494,448$ Actual01/24/20211/30/20211/24/2021 4,470,934$ (4,209)$ -$ $--$ -$ (42,288)$ (565,000)$ (75,569)$ (201,151)$ (82,589)$ (970,805)$ 3,500,129$ 3,551,443$ (500,000)$ (500,000)$ 2,447,846$ 24,524,850$ 6,518,448$ (578,783)$ 32,912,360$ 23,201,447$ -$ 13,750$ -$ (3,131,956)$ 20,083,240$ 12,829,120$ Actual01/17/20211/23/20211/17/2021 8,387,010$ (723,481)$ $-$- $ (9,507)(4,926)$ -$ -$(154,111)$ (96,451)$ (18,076)$ (1,006,552)$ 7,380,459$ 3,683,271$ (500,000)$ (500,000)$ 3,068,115$ 27,221,894$ 6,518,448$ (614,792)$ 36,193,664$ 29,737,854$ -$ 13,750$ -$ (6,550,157)$ 23,201,447$ 12,992,217$ Actual01/10/20211/16/20211/10/2021January3,480,439$ (14,513)$ -$ -$ -$ (141,399)$ (33,733)$ -$ (29,231)$ (215,763)$ (48,309)$ (482,948)$ 2,997,491$ 3,352,969$ -$ -$ 1,769,480$ 30,541,133$ 6,518,448$ (676,077)$ 38,152,984$ 29,724,104$ -$ 13,750$ -$ -$ 29,737,854$ 8,415,130$ + Field Weekly Budgetas of:1/30/2021 tee eceipts isbursementsayroll & Benefitsentaxestilitiessurancereight/LogisticsK Pro Feesther Operating Costsiquidator Expenses/Feeserch Paymentsash Disbursements h Flowlance te Protectionorldwideequate Protection Payments Lenderlabilityccounts Receivable Availabilityventory Availabilityeal Estate Availabilityeservesvailability nning Principal Balancedd: Advancesdd: Interest/Feesender Legal Feesess: Payments *l Outstanding Loan Balance ss Borrowing Availability panying financial information is based on information y Tea Olive I, LLC (dba Stock + Field). Clear Thinking not audited or otherwise verified the information o us, nor will we provide any assurances concerning lity, accuracy, or completeness of any materials y or on behalf of Tea Olive I, LLC. Any party the Company’s information and considering either a d or investment relationship should only do so after performed their own detailed independent due