Item 1.01 Entry into a Material Definitive Agreement.

On September 1, 2022, Laird Superfood, Inc. (the "Company") entered into an amendment (the "Amendment") to the Credit Agreement, dated September 2, 2021 (the "Credit Agreement"), between the Company and Wells Fargo Bank, National Association, pursuant to which, among other changes, the maturity of the Credit Agreement was extended 12 months to August 31, 2023, the line of credit available under the Credit Agreement was reduced from $9.5 million to $5.0 million, and the Company agreed to maintain unencumbered liquid assets (as defined in the Amendment) of at least $10.0 million at each quarter end. Other than as amended by the Amendment, the Credit Agreement remains in full force and effect as originally executed on September 2, 2021.

No amounts are outstanding under the Credit Agreement.

The foregoing summary of the amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference, and the full text of the Credit Agreement, a form of which was filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description


   10.1       First Amendment to Credit Agreement, dated September 1, 2022, by
            and between the Company and Wells Fargo Bank, National Association.
    104     Cover Page Interactive Data File (embedded within the Inline XBRL
            document).







MACROBUTTON DocID \1051582 4128-8404-5885 v1
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