SEC Contract Filing

Filing Date: 2016-06-16

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 13pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 14.8pt">PROMISSORY NOTE AND WARRANT EXCHANGE AGREEMENT</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 18pt; LINE-HEIGHT: 12.55pt">THIS <font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">PROMISSORY NOTE AND WARRANT EXCHANGE AGREEMENT</font> (this &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Agreement</font>&#8221;), dated as of March 31, 2016</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 18pt; LINE-HEIGHT: 12.55pt">BY AND BETWEEN:</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 108pt; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">The Alkaline Water Company Inc.</font>, a Nevada corporation</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 108pt; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 72pt">(the &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Company</font>&#8221;)</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">AND:</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 108pt; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 72pt">each of the holders of the Company&#8217;s promissory notes and warrants set forth on the signature pages hereto</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 108pt; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 72pt">(each, a &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Holder</font>&#8221; and collectively, the &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Holders</font>&#8221;)</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">WHEREAS:</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">A.</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">In connection with a series of loan transactions, the Company issued promissory notes (the&#160;&#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Notes</font>&#8221;) and warrants (the &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Warrants</font>&#8221;) to purchase shares of the Company&#8217;s common stock (the &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Common Stock</font>&#8221;) to the lenders in such loan transactions;</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">B.</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: justify; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">Each Holder owns the Note and Warrants listed on such Holder&#8217;s signature page and the Company and such Holder wish to exchange, for no additional consideration, such Holder&#8217;s Note and Warrants for the number of shares of Common Stock that is listed on such Holder&#8217;s signature page (such shares, the &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Exchange Shares</font>&#8221; and such exchange of Notes and Warrants for Exchange Shares, the &#8220;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; FONT-WEIGHT: bold">Exchange</font>&#8221;);</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt">C.</div>
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