Jones Soda Co. (OTCMKTS:JSDA) Files An 8-K Entry into a Material Definitive Agreement

Jones Soda Co. (OTCMKTS:JSDA) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01 Entry into a Material Definitive Agreement.

Modification to Loan and Security Agreement

On December 27, 2016, Jones Soda Co. (the Company) entered into a
fourth modification (the Amendment) to its existing revolving
secured credit facility (as amended, the Loan Facility) with
CapitalSource Business Finance Group, a dba of BFI Business
Finance (the Lender).The Amendment is effective as of December
27, 2016.

The Amendment provides for the following changes to the Loan
Facility:

Reduce the interest rate on advances under the Loan
Facility to the prime rate plus 0.75% per annum (decrease
from 1.00%), with no minimum rate.

Reduce the monthly administrative fee under the Loan
Facility to 0.10% (decrease from 0.15%).

The foregoing description of the material terms of the Amendment
is qualified in its entirety by reference to the Fourth
Modification to Loan and Security Agreement dated as of December
27, 2016, by and among Jones Soda Co. (USA) Inc., Jones Soda
(Canada) Inc., and Lender, a copy of which is attached as Exhibit
10.1 to this Current Report and 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

The information pertaining to the Amendment, set forth under Item
1.01 of this Current Report on Form 8-K is hereby incorporated by
reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1

Fourth Modification to Loan and Security Agreement dated
as of December 27, 2016, by and among Jones Soda Co.
(USA) Inc., JONES SODA (CANADA) Inc., and CapitalSource
Business Finance Group, a dba of BFI Business Finance.


About Jones Soda Co. (OTCMKTS:JSDA)

Jones Soda Co. develops, produces, markets and distributes beverages. The Company sells and distributes beverages in the United States and Canada through its network of independent distributors and directly to its national and regional retail accounts. The Company also sells products in select international markets. Its products are sold in grocery stores, convenience and gas stores in independent accounts, such as delicatessens and sandwich shops, as well as through its national accounts with retailers. The Company outsources the manufacturing process to third-party contract manufacturers. It also sells a range of products online, including soda with customized labels, wearables, candy and other items. The Company’s beverages are classified in the sparkling beverage category. Its product line-up includes Jones Soda, Jones Zilch and Jones Stripped. The Company also offers Lemoncocco, which is a non-carbonated blended beverage, and 7-Select branded sodas.

Jones Soda Co. (OTCMKTS:JSDA) Recent Trading Information

Jones Soda Co. (OTCMKTS:JSDA) closed its last trading session 00.000 at 0.442 with 19,941 shares trading hands.

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