0001641172-25-017818 Sample Contracts

SECURITY AGREEMENT
Security Agreement • July 3rd, 2025 • Jones Soda Co • Beverages • New York

This Security Agreement dated as of February 6, 2025, as amended, restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof (this “Agreement”), is entered into among Jones Soda Co. (USA) Inc., a Washington corporation (the “Borrower”), Jones Soda Co., a Washington corporation, Mary Jones Beverage (Michigan) LLC, a Michigan limited liability company, Mary Jones California, LLC, a Delaware limited liability company, Mary Jones Beverage LLC, a Michigan limited liability company, Jones Soda (Canada) Inc., a British Columbia corporation, and Mary Jones Beverage (Canada) Inc., a British Columbia corporation, each with an address of 4786 1st Avenue South, Suite 103, Seattle, WA 98134 (each, a “Guarantor” and collectively, the “Guarantors”, and together with Borrower, each, a “Grantor” and collectively, the “Grantors”), in favor of Two Shores Capital Corp., a Province of Ontario, Canada corporation whose address is 302-1210 Sheppard Ave., Toronto,