SEC Contract Filing

Filing Date: 2022-11-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>

<head>
 <title>The Alkaline Water Company Inc.: Exhibit 10.1 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
 <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
 <p style="text-align: center;"><font style="font-size: 14pt;"><b>EMPLOYMENT AGREEMENT</b></font></p>
 <p style="text-align: justify;">THIS EMPLOYMENT AGREEMENT ("Agreement") is dated as of the&#160; 16<sup>th</sup> day of November, 2022.</p>
 <p style="text-align: justify;">BETWEEN:</p>
 <p style="text-align: justify; margin-left: 72pt; margin-right: 72pt;"><b>THE ALKALINE WATER COMPANY INC.</b>, a corporation incorporated pursuant to the laws of the State of Nevada and having an office for business located at 8541 E. Anderson Drive, Suite 100, Scottsdale, Arizona 85255</p>
 <p style="text-align: justify; margin-left: 72pt;">(the "<b>Company</b>")</p>
 <p style="text-align: justify;">AND:</p>
 <p style="text-align: justify; margin-left: 72pt; margin-right: 72pt;"><b>DAVID GUARINO</b>, an individual resident of the State of Arizona&#160; with an address of</p>
 <p style="margin-left: 72pt; text-align: justify;">(the "<b>Executive</b>")</p>
 <p style="text-align: justify;"><b>RECITALS:</b></p>
 <p style="margin-left: 37.05pt; text-indent: -37.05pt; text-align: justify;">A.<font style="width: 27.05pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company, which is publicly listed on the NASDAQ Capital Market and Canadian Securities Exchange under the ticker symbol "WTER," is in the beverage industry and distributes alkaline water and various CBD products; and</p>
 <p style="margin-left: 37.05pt; text-indent: -37.05pt; text-align: justify;">B.<font style="width: 27.55pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company and the Executive have agreed to enter into an employment relationship for their mutual benefit.</p>
 <p style="text-align: justify;"><b>NOW THEREFORE</b>, in consideration of the mutual promises of the parties hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereby covenant and agree as follows:</p>
 <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;"><b>1.</b><font style="width: 28.49pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>DEFINITIONS</b></p>
 <p style="text-align: justify;">1.1<font style="width: 23.49pt; display: inline-block;">&#160;</font><u>Definitions</u>.&#160; For the purposes of this Agreement, the following terms shall have the following meanings:</p>
 <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(a)<font style="width: 25pt; text-indent: 0pt; display: inline-block;">&#160;</font>"<b>Agreement</b>" means this Agreement and all schedules and amendments hereto.</p>
 <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(b)<font style="width: 25pt; text-indent: 0pt; display: inline-block;">&#160;</font>"<b>Award</b>" has the meaning set out in the Plan.</p>
 <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(c)<font style="width: 25.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>"<b>Award Agreement</b>" has the meaning set out in the Plan.</p>
 <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(d)<font style="width: 25pt; text-indent: 0pt; display: inline-block;">&#160;</font>"<b>Board</b>" means the Board of Directors of the Company.</p>
 <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(e)<font style="width: 25pt; text-indent: 0pt; display: inline-block;">&#160;</font>"<b>Bonus</b>" has the meaning set out in Section 3.1.</p>
 <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(f)<font style="width: 26.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>"<b>Change of Control Event</b>" means the occurrence of any one of the events set out in Sections 1.1.(f)(i) to 1.1(f)(v) below:</p>
 <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(i)<font style="width: 26.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>the acquisition, after the date of this Agreement and excluding any acquisitions from the Company, by any one individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the <i>Securities and Exchange Act of 1934</i>), of beneficial ownership of 50% or more of either the then outstanding shares of common stock of the Company or the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors;</p>
 <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
 <div id="header_page_2">
 <p style="text-align: center;">- 2 -</p>
 </div>
 <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(ii)<font style="width: 24.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>the approval by the stockholders of the Company of a reorganization, merger, amalgamation, combination or consolidation of the Company in which the individuals and entities who were the respective beneficial owners of the common stock and voting securities of the Company immediately prior to such reorganization, merger, amalgamation, combination or consolidation do not, following such reorganization, merger, amalgamation, combination or consolidation, beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the Company resulting from such reorganization, merger, amalgamation, combi