Black Rock Beverage Services LLC entered into an asset purchase agreement to acquire Black Rock Beverage division and related assets from Jammin Java Corp. (OTCPK:JAMN) for $0.3 million on July 9, 2015. Pursuant to the agreement, BRB agreed to pay $0.3 million, with $0.2 millon payable on the closing date of the transaction, and $0.1 million payable in 24 equal monthly installments, provided that if BRB's average sales do not meet a minimum of $0.05 million per month during each of the first six months following the closing, the aggregate amount of $0.1 million in payments due is reduced by $5,000 for each month such $0.05 million monthly minimum is not met.

Black Rock Beverage Services LLC completed the acquisition of Black Rock Beverage division and related assets from Jammin Java Corp. (OTCPK:JAMN) on July 15, 2015.