REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • March 30th, 2021 • Reed's, Inc. • Bottled & canned soft drinks & carbonated waters
This Agreement is made pursuant to the Satisfaction, Settlement and Release of Claims, dated as of the date hereof, between the Company and the Purchaser (the “Settlement Agreement”).
ROSENTHAL & ROSENTHAL, INC.Financing Agreement • March 30th, 2021 • Reed's, Inc. • Bottled & canned soft drinks & carbonated waters
Reference is made to the Financing Agreement entered into between us dated October 4, 2018, as amended and/or supplemented (the “Financing Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Financing Agreement.
TERMINATION AGREEMENTTermination Agreement • March 30th, 2021 • Reed's, Inc. • Bottled & canned soft drinks & carbonated waters • New York
This TERMINATION AGREEMENT (“Termination Agreement”), effective as of December 23, 2020, is entered into by and between ROSENTHAL & ROSENTHAL, INC., a New York corporation (“Senior Lender”) and RAPTOR/HARBOR REEDS SPV LLC, a Delaware limited liability company (“Junior Lender”) and terminates that certain Subordination Agreement by and between the parties dated October 4, 2018 (“Subordination Agreement”). Capitalized terms not defined herein have the meanings ascribed to them in the Subordination Agreement.
Satisfaction, Settlement and Release of ClaimsSatisfaction Settlement and Release • March 30th, 2021 • Reed's, Inc. • Bottled & canned soft drinks & carbonated waters • New York
THIS SATISFACTION Settlement and Release of Claims dated December 11, 2020 (this “Agreement”) is made by and between Reed’s Inc., a Delaware corporation (“Reed’s”) and Raptor/Harbor Reeds SPV LLC, a Delaware limited liability company (“Raptor”). Raptor and Reed’s are each referred to herein as a “Party”, and collectively, the “Parties”.
AGREEMENT OF AMENDMENT TO FINANCING AGREEMENTFinancing Agreement • March 30th, 2021 • Reed's, Inc. • Bottled & canned soft drinks & carbonated waters • New York
This Agreement of Amendment to Financing Agreement (“Amendment”) is effective December 23, 2020 by and between ROSENTHAL & ROSENTHAL, INC., a New York corporation, with an address at 1370 Broadway, New York, New York 10018 (“Lender”), and REED’S INC., a Delaware corporation, with an address at 201 Merritt 7 Corporate Park, Norwalk, Connecticut 06851 (“Borrower”).
Affiliate Guarantor of Reed’s, Inc.Reed's, Inc. • March 30th, 2021 • Bottled & canned soft drinks & carbonated waters
On March 11, 2021, Reed’s, Inc. (“Reed’s) entered into an amendment to that certain Financing Agreement dated October 4, 2018,as amended or supplemented, with its senior secured lender, Rosenthal & Rosenthal, Inc. (“Rosenthal”) releasing that irrevocable standby letter of credit by Daniel J. Doherty, III and Daniel J. Doherty, III 2002 Family Trust in the amount of $1.5 million, which letter of credit served as financial collateral for certain obligations of Reed’s under the Rosenthal credit facility, with a $2 million dollar pledge of securities to Rosenthal by John J. Bello and Nancy E. Bello, as Co-Trustees of The John and Nancy Bello Revocable Living Trust, under trust agreement dated December 3, 2012, evidenced by that certain Pledge Agreement to Rosenthal (“Bello Pledge”). Pledged securities do not includes securities in Reed’s, Inc.
