2021 May - Board of Directors Meeting Minutes 📝

Santa Barbara Vintners – Board of Directors Meeting Minutes

Date: May 28, 2021

Location: Email Vote (Recorded)

Context:

Board discussion and approval of authorization for Second Draw PPP Loan application.

Item 1: PPP Loan Authorization Request

Due to a required change of lender, Board was asked to vote remotely to authorize CEO to apply for Second Draw PPP loan.

Votes Recorded:

Aye:

Tim Snider

Nicholas Miller

Riley Slack

Karen Steinwachs

Stephen Janes

Katy (via proxy)

Callie (via proxy)

Wayne (via proxy)

Jessica (via proxy)

Not Present:

Tyler

Resolution:

Board authorizes CEO to apply for PPP loan under SBA 7(a) program and to sign required documentation.

Loan intended to support payroll and eligible operating costs; forgiveness terms per SBA guidance.

Meeting Adjourned (Vote completed via email; no live session)