X0306 4 2017-12-27 0 0001140215 REED'S, INC. REED 0001705999 Raptor/Harbor Reeds SPV LLC 280 CONGRESS STREET, 12TH FLOOR BOSTON MA 02210 0 0 1 0 Common Stock 2017-12-27 4 P 0 2666667 1.50 A 3433334 D Convertible Promissory Note 1.50 2017-12-27 4 J 0 1133334 A 2017-12-27 2021-04-21 Common Stock 2266667 2266667 D Warrant 2.025 2017-12-27 4 P 0 1333333 A 2017-12-27 2020-12-27 Common Stock 1333333 1333333 D In the Issuer's rights offering to its shareholders, the Reporting Person purchased 2,666,667 Units (with each Unit consisting of (i) 1 share of Common Stock and (ii) a Warrant to purchase 1/2 share of Common Stock) at a purchase price of $1.50 per unit. The purchase of the shares is reported on Table I and the purchase of the Warrant is reported on the second line of Table II. In connection with the Reporting Person's backstop commitment agreement to purchase Units in the Issuer's rights offering, the Reporting Person agreed to extend the Maturity Date of the previously-outstanding Convertible Promissory Note in the principal amount of $3,400,000 from April 21, 2019 to April 21, 2021, and the Issuer agreed to reduce the conversion price from $3.00 per share to $1.50 per share. /s/ Raptor/Harbor Reeds SPV LLC, by Daniel P. Hart, General Counsel of Manager 2017-12-28