Item 1.01 Entry into a Material Definitive Agreement.

On December 31, 2021 (the "Effective Date"), Real Good Foods, LLC, a wholly owned subsidiary of The Real Good Food Company, Inc., entered into an amendment (the "Amendment") to its amended Loan and Security Agreement with PMC Financial Services Group, LLC, dated June 30, 2016 (as amended from time to time, the "Existing Credit Facility").

The Amendment amended the Existing Credit Facility to establish a lease line of credit, which allows for financing related to certain equipment lease agreements, as well as reduce the maximum amount available to borrow under the capital expenditure line of credit ("Capex Line") from $20.0 million to $4.0 million. As part of the reduction of the Capex Line, approximately $7.3 million of the outstanding balance on the Capex Line as of the Effective Date was converted to borrowings under the lease line of credit.

The foregoing description does not constitute a complete summary of the Amendment and is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit
Number                                    Description

10.1           Amendment Number Twenty-Two to Loan and Security Agreement, dated as
             of December 31, 2021, by and between Real Good Foods, LLC, and PMC
             Financial Services Group, LLC.

104          Cover Page Interactive Data File (embedded within the inline XRBL
             document).

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