On December 30, 2021, HF Foods Group Inc. (HF Group or the company), its wholly-owned subsidiary, B&R Global Holdings, Inc. (B&R Global), and certain of the wholly-owned subsidiaries and affiliates of the company (collectively with the company, the Borrowers), as borrowers, and certain material subsidiaries of the company as guarantors, entered into a Consent, Waiver, Joinder and Amendment No. 3 to Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (JPMorgan), as Administrative Agent, and certain lender parties thereto, including Comerica Bank. The Second Amended and Restated Credit Agreement as amended, provides a $100 million asset-secured revolving credit facility and mortgage-secured Term Loans of $75.6 million.

The Third Amendment revises the Existing Credit Agreement to amend the reference interest rate from 1 month LIBOR plus a fixed spread to 1 month SOFR plus the same spread plus a credit adjustment.; consent to the Great Wall Transaction described in greater detail in Item 2.01 of this Current Report on Form 8-K; permit a one-time, non-formula over-advance of $10,000,000 from the Facility to fund in part the closing cash consideration paid to the Sellers in the Great Wall Transaction and add the company's recently-formed indirect subsidiaries, Great Wall Seafood IL, L.L.C., and Great Wall Seafood TX, L.L.C. (the New Great Wall Subsidiaries) as capital borrowers under the Existing Credit Agreement and pledge the assets of New Great Wall Subsidiaries to secure the obligations of the Company and its subsidiaries under the Existing Credit Agreement.