Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 16

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 16
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 Board of Directors, and helps determine procedures for selection of
the Chief Executive Officer and assists with the development and maintenance of a succession plan. The Compensation Committee also periodically
reviews, in consultation with the Audit Committee, our Code of Conduct and Code of Ethics, and consults with and supports the Audit Committee
with respect to the establishment of (a) procedures for receipt, retention and treatment of complaints regarding our accounting, internal
controls and auditing matters; and (b) procedures for the confidential, anonymous submission by employees of concerns regarding questionable
accounting or auditing matters. The Compensation Committee also develops, reviews and recommends such other corporate governance policies
and principles as it deems appropriate.

Mergers and Acquisitions and Investment Committee

The Mergers and Acquisitions and Investments Committee
examines possible strategic acquisitions and significant investments by us to formulate recommendations concerning any such possible transactions
to our Board as a whole. The Mergers and Acquisitions and Investments Committee is currently comprised of Messrs. Reichman (Chair), Dissinger,
and Norman.

Director Nominations Process

We do not have a separate nominating committee
as our entire Board performs the functions of a nominating committee. Our independent directors are responsible for, among other things,
identifying individuals qualified to become members of our Board of Directors and approving director candidates for election to our Board
of Directors, including the development of policies and procedures to assist in the performance of these responsibilities. In the event
there is a vacancy on our Board of Directors, the independent members of our Board of Directors will initiate the effort to identify appropriate
director candidates. The independent members of our Board of Directors will also periodically review the appropriate size of our Board
of Directors, any appropriate restrictions on service on our Board of Directors such as term limits and retirement policy, standards regarding
our definition of “independence,” establishing performance criteria/expectations for director performance, and overseeing
the criteria and method for evaluating the effectiveness of our Board of Directors. See “Considerations in Evaluating Director Nominees”
for more information on our director nominating process.

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Code of Ethics and Code of Conduct

We have a Code of Ethics that applies to our Chief
Executive Officer and other senior financial officers, as well as a Code of Conduct applicable to all directors, officers and employees.
A copy of each is posted on our website at www.jonessoda.com under the Investor Relations tab, under “Corporate Governance”
and under the headings “Code of Ethics” and