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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 21, 2007
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  	Jones Soda Co.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Washington
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  	000-28820
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  	91-1696175
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	234 Ninth Avenue North, Seattle, Washington
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  	98109
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	206-624-3357
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On August 21, 2007, Jones Soda Co. (the "Company") entered into a Loan Agreement with KeyBank National Association, providing for a revolving line of credit in principal amount of up to $15,000,000.  The credit facility matures on August 21, 2009.  The new credit facility replaces the Company's $5 million revolving line of credit with Greater Bay Business Funding, which expired by its terms on August 25, 2007.<br><br>The new credit facility is not subject to any borrowing base computations or limitations, but does contain certain financial covenants that the Company must meet.  The Company must maintain a minimum Current Ratio (Current Assets to Current Liabilities, each as defined in the Loan Agreement) of 2.00 to 1.00.  Also, the Company's ratio of Total Debt to Tangible Net Worth (each as defined in the Loan Agreement) cannot exceed 1.00 to 1.00.  As of the date of this Report, the Company was in compliance with these financial covenants.<br><br>At the Company's election, the interest rate on the credit facility will be based on either (a) KeyBank's prime rate minus 1.50% per annum, or (b) LIBOR plus 1.00% per annum.  As of the date of this Report, the Company had not borrowed any amounts under the credit facility.<br><br>The credit facility is secured by a grant of a first priority security interest in all of the Company's assets.  Concurrently with the Loan Agreement, on August 21, 2007, the Company entered into a Security Agreement in favor of KeyBank.<br><br>The Loan Agreement and Security Agreement contain customary representation and warranties, affirmative and negative covenants and events of default.  Upon an event of default, outstanding amounts under the credit facility accrue interest at the prime rate plus 5.00%.<br><br>The foregoing summary description of the credit facility does not purport to be a complete statement of the parties&#x2019; rights and obligations under the agreements, and is qualified in its entirety by reference to the full text of the Loan Agreement and the Security Agreement, which are filed as Exhibits 10.1 and 10.2 to this Form 8-K and incorporated into this Item 1.01 by reference.<br>
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  	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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  The information provided in Item 1.01 of this Form 8-K is incorporated herein by reference.
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  	Item 9.01 Financial Statements and Exhibits.
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  10.1	Loan Agreement, dated August 21, 2007 between Jones Soda Co. and KeyBank National Association<br>	<br>10.2	Commercial Security Agreement, dated August 21, 2007 by Jones Soda Co. for the benefit of KeyBank National Association<br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Jones Soda Co.
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  	&nbsp;&nbsp;
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  <I>
  	August 27, 2007
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  	By:
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  <I>
  	/s/ Hassan N. Natha
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  	&nbsp;
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  <I>
  	Name: Hassan N. Natha
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	10.1
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  	&nbsp;
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  Loan Agreement, dated August 21, 2007 between Jones Soda Co. and KeyBank National Association
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  	10.2
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  	&nbsp;
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  Commercial Security Agreement, dated August 21, 2007 by Jones Soda Co. for the benefit of KeyBank National Association
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_22333.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12806}]
metadata_filer: {"company-data": {"conformed-name": "JONES SODA CO", "cik": "0001083522", "assigned-sic": "2080", "irs-number": "911696175", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28820", "film-number": "071080044"}, "business-address": {"street1": "234 9TH AVE NORTH", "city": "SEATTLE", "state": "WA", "zip": "98109", "phone": "8006566050"}, "mail-address": {"street1": "234 9TH AVE N", "city": "SEATTLE", "state": "WA", "zip": "98109"}, "former-company": {"former-conformed-name": "URBAN JUICE & SODA CO LTD /WY/", "date-changed": "19990407"}}
text: Jones Soda Co. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  August 21, 2007
  Jones Soda Co.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Washington
  000-28820
  91-1696175
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  234 Ninth Avenue North, Seattle, Washington
  98109
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  206-624-3357
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On August 21, 2007, Jones Soda Co. (the "Company") entered into a Loan Agreement with KeyBank National Association, providing for a revolving line of credit in principal amount of up to $15,000,000.  The credit facility matures on August 21, 2009.  The new credit facility replaces the Company's $5 million revolving line of credit with Greater Bay Business Funding, which expired by its terms on August 25, 2007.
  The new credit facility is not subject to any borrowing base computations or limitations, but does contain certain financial covenants that the Company must meet.  The Company must maintain a minimum Current Ratio (Current Assets to Current Liabilities, each as defined in the Loan Agreement) of 2.00 to 1.00.  Also, the Company's ratio of Total Debt to Tangible Net Worth (each as defined in the Loan Agreement) cannot exceed 1.00 to 1.00.  As of the date of this Report, the Company was in compliance with these financial covenants.
  At the Company's election, the interest rate on the credit facility will be based on either (a) KeyBank's prime rate minus 1.50% per annum, or (b) LIBOR plus 1.00% per annum.  As of the date of this Report, the Company had not borrowed any amounts under the credit facility.
  The credit facility is secured by a grant of a first priority security interest in all of the Company's assets.  Concurrently with the Loan Agreement, on August 21, 2007, the Company entered into a Security Agreement in favor of KeyBank.
  The Loan Agreement and Security Agreement contain customary representation and warranties, affirmative and negative covenants and events of default.  Upon an event of default, outstanding amounts under the credit facility accrue interest at the prime rate plus 5.00%.
  The foregoing summary description of the credit facility does not purport to be a complete statement of the parties' rights and obligations under the agreements, and is qualified in its entirety by reference to the full text of the Loan Agreement and the Security Agreement, which are filed as Exhibits 10.1 and 10.2 to this Form 8-K and incorporated into this Item 1.01 by reference.
  Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  The information provided in Item 1.01 of this Form 8-K is incorporated herein by reference.
  Item 9.01 Financial Statements and Exhibits.
  10.1	Loan Agreement, dated August 21, 2007 between Jones Soda Co. and KeyBank National Association
  10.2	Commercial Security Agreement, dated August 21, 2007 by Jones Soda Co. for the benefit of KeyBank National Association
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Jones Soda Co.
  August 27, 2007
  By:
  /s/ Hassan N. Natha
  Name: Hassan N. Natha
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Loan Agreement, dated August 21, 2007 between Jones Soda Co. and KeyBank National Association
  10.2
  Commercial Security Agreement, dated August 21, 2007 by Jones Soda Co. for the benefit of KeyBank National Association