On December 27, 2017, Jones Soda Co. (the Company) received notification from CapitalSource Business Finance Group, a dba of BFI Business Finance (the Lender), that the Lender had approved the annual renewal of the company’s existing revolving secured credit facility (as amended, the Loan Facility) with the Lender (the Renewal). The Renewal extends the expiration of the loan facility from December 27, 2017 to December 27, 2018. No modifications were made to the loan facility. Pursuant to the terms of the loan facility, a 0.75% annual fee, equivalent to $23,812.50, was charged to the company on December 27, 2017 in connection with the renewal.