Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On September 26, 2025 (the "Effective Date"), Reed's, Inc. (the "Company") entered into the first amendment (the "Amendment") to its Senior Secured Loan and Security Agreement (as amended the "Loan Agreement") with certain funds affiliated with Whitebox Advisors, LLC (the "Lenders") and Cantor Fitzgerald Securities ("Cantor Fitzgerald"), as administrative agent and collateral agent, with respect to its revolving credit facility (the "Senior Secured Facility").

Pursuant to the Amendment, as of the Effective Date, (i) the aggregate principal amount of the revolving loans was reduced from $10.0 million to $9.25 million and (ii) interest payments on the revolving loans became due on a monthly basis as of the last business day of each month. As of the Effective Date, the total Revolving Credit Commitments (as defined in the Loan Agreement) were equal to $9.25 million. In connection with the entry into the Amendment, the Company paid Cantor Fitzgerald, as administrative agent, $650,000 of debt repayment plus accrued interest as specified in the Loan Agreement.

Other than as set forth herein, the material terms of the Loan Agreement remain unchanged and in full effect.

The foregoing summary and description of the provisions of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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

The disclosures set forth in Item 1.01 above are incorporated herein by reference.