Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 41

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 41
---
 price of $0.2388, per share, and 80,645 stock options with an exercise price of $0.31 per share. |
| (4) Consists of 300,000 stock options with an exercise price of $0.209 per share, 580,000 stock options with an exercise price of $0.26 per share, 37,037 stock options with an exercise price of $0.675 per share, 104,690 stock options with an exercise price of $0.2388, per share, and 80,645 stock options with an exercise price of $0.31 per share. |
| (5) The securities are owned by Paul Timothy Norman Trust. Paul Norman is the Trustee of Paul Timothy Norman Trust and in such capacity has the right to vote and dispose of the securities held by such trust.                                                                                                                                             |
| (6) Consists of 125,667 stock options with an exercise price of $0.209 per share and 174,000 stock options with an exercise price of $0.236                                                                                                                                                                                                                 |
| (7) Consists of Messrs. Harvey, Goldner, Norman, Sirkin, Reichman, Murray, Carimi, Dissinger, and Meadows.                                                                                                                                                                                                                                                  |

<div align='center'>PROPOSAL 2

ADVISORY VOTE ON EXECUTIVE COMPENSATION</div>

In accordance with the Dodd-Frank Wall Street
Reform and Consumer Protection Act and the related SEC rules promulgated thereunder, we are providing our shareholders with the opportunity
to cast an advisory vote on the compensation of our Named Executive Officers, also known as the “say-on-pay vote”, as described
below.

The objective of the compensation program for
our Named Executive Officers is to motivate and reward fairly those individuals who perform over time at or above the levels that we expect
and to attract, as needed, and retain individuals with the skills necessary to achieve our objectives. Our compensation philosophy is
also designed to reinforce a sense of ownership and to link compensation to the Company’s performance as well as the performance
of each of our Named Executive Officers. Before voting on this Proposal 2, you are urged to read the section of this proxy entitled “Executive
Compensation”.

Because your vote is advisory, it will not be
binding on our Board of Directors, nor will it directly affect or otherwise limit any compensation or award arrangements that have already
been granted to any of our Named Executive Officers. However, our