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NON-NEGOTIABLE
PROMISSORY NOTE

 $750,000.00
 November 30, 2015
Scottsdale, AZ

 
For value received THE ALKALINE WATER COMPANY INC., a Nevada Corporation (the
“Payor”) promises to pay to NEIL ROGERS (the “Holder”) the principal sum of
$750,000.00 together with simple interest on the outstanding principal amount at
the rate of fifteen percent (15%) per annum. Interest shall commence on the date
that this Note is issued (the “Effective Date”) by the Holder to the Payor and
shall continue on the full outstanding principal until paid in full. Interest
shall be computed on the basis of a year of three hundred sixty-five (365) days
for the actual number of days elapsed.
 
1. Term.  Unless otherwise converted as set forth below, all outstanding
principal and interest shall be due and payable on or before the date that is 60
days after the Effective Date.
 
2. Payments.  All payments of interest and advanced principal shall be in lawful
money of the United States of America.
 
3. Prepayment.  The Payor may prepay this Note, in full or in part, at any time,
without penalty.
 
4. Restrictions on Transfer. The Holder shall not sell, transfer, pledge,
negotiate or otherwise dispose of this Note.
 
5. Default.  If there shall be any Event of Default (as defined below)
hereunder, at the option and upon the declaration of the Holder and upon written
notice to the Payor (which election and notice shall not be required in the case
of an Event of Default under Section 5.2 or 5.3 below), this Note shall
accelerate and all principal and unpaid accrued interest shall become due,
payable and collectible. The occurrence of any one or more of the following
shall constitute an “Event of Default” hereunder:
 
5.1 the Payor fails to pay timely any of the principal amount due under this
Note on the date the same becomes due and payable or any accrued interest or
other amounts due under this Note on the date the same becomes due;
 
5.2 the Payor files any petition or action for relief under any bankruptcy,
reorganization, insolvency or moratorium law or any other law for the relief of,
or relating to, debtors, now or hereafter in effect, or makes any assignment for
the benefit of creditors or takes any corporate action in furtherance of any of
the foregoing; or
 
5.3 an involuntary petition is filed against the Payor (unless such petition is
dismissed or discharged within sixty (60) days) under any bankruptcy statute now
or hereafter in effect, or a custodian, receiver, trustee, assignee for the
benefit of creditors (or other similar official) is appointed to take
possession, custody or control of any property of the Payor.
 
 
 

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6. Attorneys’ Fees.  In any litigation or other proceeding in connection with
the interpretation of this Note, or the exercise or enforcement of any right
under this Note, the non-prevailing party shall pay or reimburse the prevailing
party for all expenses, including court costs and attorneys’ fees, incurred by
the prevailing party in connection with such litigation or proceeding (whether
incurred at the trial, appellate, or administrative levels, and in any
bankruptcy case, arbitration or other proceeding), all of which may be
incorporated into and be a part of any judgment or decision rendered in such
proceeding.
 
7. Waiver of Notice.  The Payor hereby waives demand, notice, presentment,
protest and notice of dishonor.
 
8. Governing Law.  This Note shall be governed by construed under the laws of
the State of Nevada, without giving effect to conflicts of laws principles.
 
9. Lost, Stolen, Destroyed or Mutilated Note.  In case this Note shall be
mutilated, lost, stolen or destroyed, the Payor shall issue a new Note of like
date, tenor and denomination and deliver the same in exchange and substitution
for and upon surrender and cancellation of any mutilated Note, or in lieu of any
Note lost, stolen or destroyed, upon receipt of evidence satisfactory to the
Payor of the loss, theft or destruction of such Note.
 
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10. Amendment; Waiver.  Any term of this Note may be amended and the observance
of any term of this Note may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written
consent of the Payor and the Holder.
 

 
the alkaline water company inc. A Nevada corporation
 
By: /s/ Richard
Wright                                                                
 
Name:         Richard
Wright                                                      
Title:           V.P.
Sec/Treas                                                                

AGREED TO AND ACCEPTED:

HOLDER:

/s/ Neil Rogers                                                      
NEIL ROGERS

 

 
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