Jones Soda enters $2M secured loan facility with Amerisource Funding Inc.

JONES SODA CO.

Maximum borrowing of $2M, secured by first-priority lien on all assets of Jones Soda and its US subsidiaries.
Advances limited to 80% of eligible accounts receivable, net of reserves.
Annual interest at Prime Rate plus 3.50%, with 6.00% floor.
Initial 3-year term, auto-renewing for successive 3-year periods unless terminated with 60 days' notice.
Events of default include payment default, adverse financial changes, bankruptcy, or loss of key employees; triggers immediate acceleration.

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