Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 17, 2022, Dean Huge resigned as Chief Financial Officer of Splash Beverage Group, Inc. (the "Company"). Mr. Huge's resignation as Chief Financial Officer was not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices, including accounting principles and practices.

Effective February 18, 2022, the Board of Directors of the Company appointed Fatima Dhalla as the Interim Chief Financial Officer.

Ms. Dhalla, 67, has provided consulting services to clients on the Sarbanes-Oxley Act of 2002, system implementation and financial reporting since 2017. From 2015 to 2017, Ms. Dhalla served as the Chief Financial Officer of Maverick Brands, LLC, a beverage company producing and selling coconut water. Ms. Dhalla is educated in the United Kingdom as a fellow of the Chartered Association of Certified Accountants in 1987.

There is no arrangement or understanding between Ms. Dhalla and any other persons, pursuant to which she was selected as Interim Chief Financial Officer. Ms. Dhalla has not engaged in any transaction, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have a direct or indirect material interest. There are no family relationships between Ms. Dhalla and any director or executive officer of the Company.

Ms. Dhalla will receive $187,200 annually as compensation for her duties as Interim Chief Financial Officer of the Company. Ms. Dhalla will serve as Interim Chief Financial Officer until the Company appoints a full-time replacement as Chief Financial Officer. The Company is actively seeking a Chief Financial Officer with capital markets and mergers and acquisitions experience.

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