−Removed: We currently lease approximately 6,500 square feet of retail/office space in Seattle, Washington for our principal executive and administrative offices.
+Added: During 2022 we terminated our lease of approximately 6,500 square feet of retail/office space in Seattle, Washington for our principal executive and administrative offices.
The initial term of the lease was five years;
−Removed: in February 2020, we amended the lease to extend the term through February 28, 2025.
−Removed: We believe this retail/office space shall be sufficient for our purposes for the foreseeable future.
+Added: in February 2020, we amended the lease to extend the term through February 28, 2025 but then terminated it in the third quarter of 2022.
+Added: On September 1, 2022 we entered into a membership/licensing agreement with Saltbox Inc.
+Added: This agreement gives us right to our portion of a shared office and warehouse facility in Seattle, WA.
+Added: The structure of the agreement is a revocable license to access the office suite and warehouse.
+Added: The relationship between Saltbox Inc.
+Added: and Jones Soda is that of a licensor and licensee only, and not a landlord-tenant or lessor-lessee relationship.
+Added: The agreement does not give right, title, interest, easement, or lien in or to Saltbox Inc’s business, the office suite and adjacent premises, or anything contained therein,.
We do not own real property.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.