Company: JSDA
Filing Date: 2025-12-05
Form Type: 8-K
Source: 0001493152-25-026459
Chunk: 0

Company: JONES SODA CO.
Filing Date: 2025-12-05
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On
December 1, 2025, Jones Soda Co. (USA) Inc. (the “ Subsidiary”), a wholly-owned subsidiary of Jones Soda Co. entered into
an Amendment to Loan Agreement (the “ Amended Loan Agreement”) with Two Shores Capital Corp. (the “ Lender”), pursuant
to which that certain Loan Agreement, dated February 6, 2025, between Subsidiary and Lender (the “ Original Loan Agreement”),
was amended by increasing the Revolving Loan Cap (as defined in the Original Loan Agreement) to $10 million.

Additionally,
on December 1, 2025, the Subsidiary entered into an Amended and Restated Revolving Credit Note (the “ Amended Note”) which
amended the terms of that certain Revolving Credit Note, dated February 19, 2025. Pursuant to the Amended Note, the principal amount
of the note was increased to $10 million.

The
foregoing descriptions of the Original Loan Agreement, the Amended Loan Agreement and the Amended Note do not purport to
be complete and are qualified in their entirety by reference to the copies of the Original Loan Agreement, the Amended Loan Agreement
and the Amended Note, which will be filed as exhibits to the Company’s Annual Report on Form 10-K
for the year ending December 31, 2025.

Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.