X0206 3 2021-04-14 0 0001758021 Karat Packaging Inc. KRT 0001857181 Chen Eric K 6330 SPRING MOUNTAIN ROAD, SUITE D LAS VEGAS NV 89146 1 0 0 0 Stock Option (right to buy) 10 Common Stock 5000 D The stock option vest in full on the first anniversary of the registrant's initial public offering of its common stock. The stock option has a ten year term. /s/ Eric Chen 2021-04-14