Item 1.01. Entry into a Material Definitive Agreement
On
The Loan is scheduled to mature five years from the date on which the Borrower
applies for loan forgiveness under the CARES Act, bears interest at a rate of 1%
per annum and is subject to the terms and conditions applicable to loans
administered by the
The foregoing description of the Loan does not purport to be complete and is qualified in its entirety by reference to the full text of the form of the Promissory Note, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is hereby incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
Reference is made to the disclosure under Item 1.01 above which is hereby incorporated in this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Promissory Note, effective as ofAugust 7, 2020 , betweenPotbelly Sandwich Works, LLC andHarvest Small Business Finance, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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