Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 39

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 39
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 person’s 
 interest in the transaction;       |

| ● | whether the terms are comparable                               
 to those generally available in arm’s-length transactions; and |

| ● | whether the related person transaction                
 is consistent with the best interests of the Company. |

The related person involved in the related person
transaction may participate in the approval/ratification process only to provide additional information as needed for the Audit Committee’s
review. If any related person transaction is not approved or ratified by the Audit Committee, the Audit Committee may take such action
in respect of the transaction as it may deem necessary or desirable in the best interests of the Company and its shareholders. If any
related person transaction is ongoing or is part of a series of transactions, the Audit Committee may establish guidelines as necessary
to appropriately review the ongoing related person transaction. After initial approval/ratification of the transaction, the Audit Committee
will review the related person transaction on a regular basis (at least annually).

The Audit Committee is authorized to administer
our related person transactions policy, and may amend, modify and interpret the policy as it deems necessary or desirable. Any material
amendments or modifications to the policy will be reported to the full Board at its next regularly scheduled meeting. In addition, the
Audit Committee will conduct a regular review and assessment of the policy.

<div align='center'>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table sets forth as of the Record
Date certain information regarding the beneficial ownership of our outstanding common stock by the following persons or groups:

| ● | each person who is known by us to own beneficially more than 5% of the outstanding shares of common stock; |
| ● | our named executive officers;                                                                              |
| ● | each of our directors and director nominees; and                                                           |
| ● | all of our directors and executive officers as a group.                                                    |

Beneficial ownership is determined in accordance
with the rules of the SEC and includes voting or investment power with respect to the securities. Shares of common stock that may be acquired
by an individual or group within 60 days of the Record Date pursuant to the exercise of options or warrants or conversion of preferred
stock or convertible debt are deemed to be outstanding for the purpose of computing the percentage ownership of such individual or group,
but are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person shown in the table. Percentage
of ownership is based on 116,594,720 shares of