Common use of Issuance and Evidence of Rights Clause in Contracts

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence one Right for each Common Share represented by that certificate and will have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1, 2018, as may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation (the “Corporation”) and Computershare Investor Services Inc. as Rights Agent, the terms of which are incorporated in this certificate by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) Certificates representing Common Shares that are issued and outstanding at the Record Time will evidence one Right for each Common Share evidenced by those certificates, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Timehereof. (b) Certificates representing Common Shares that are issued and outstanding after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will shall also evidence one Right for each Common Share represented by that certificate evidenced thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences the rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1April 9, 2018, 2002 as the same may be amended or supplemented from time to time (the “"Rights Agreement”"), as that agreement may be amended or modified, between Primo Water Corporation Richmont Mines Inc. (the “Corporation”"Company") and Computershare Investor Services Inc. as Rights AgentTrust Company of Canada, the terms of which are incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationCompany. In Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, Rights may expire, may become null and void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Company will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Shares that are issued and outstanding at the Record Time will shall evidence one Right for each Common Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and the Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued (such issuance to be effective as soon as practicable after the filing of applicable regulatory notices) in accordance with the terms of this Agreementhereof. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Common Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) . Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will shall evidence one Right for each Common Share represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following legend: “Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Shareowner Rights Plan Agreement dated as of May 1April 25, 20182007 (the “Rights Agreement” ), as the same may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modifiedtime, between Primo Water Cott Corporation (the “Corporation”Company” ) and Computershare Investor Services Inc. as Rights AgentInc., the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationCompany. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Company will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) ” Certificates representing Common Shares that are issued and outstanding at the Record Time will shall evidence one Right for each Common Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence one Right for each Common Share represented by that certificate and will have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1, 2018, as may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Cott Corporation (the “Corporation”) and Computershare Investor Services Inc. as Rights Agent, the terms of which are incorporated in this certificate by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) Certificates representing Common Shares that are issued and outstanding at the Record Time will evidence one Right for each Common Share evidenced by those certificates, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share Unit outstanding at the Record Time and each Common Share Voting Unit which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreement. hereof Notwithstanding the foregoing, one Right in respect of each Common Share Voting Unit issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Unit Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares Voting Units issued after the Record Time date hereof but prior to the earlier of the Separation Time and the Expiration Time will shall evidence one Right for each Common Share Voting Unit represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following follow legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Second Amended and Restated Unitholder Rights Plan Agreement dated as of May 1June 19, 2018, as may be amended or supplemented from time to time 2014 (the “Rights Agreement”), as that agreement same may be amended or modified, between Primo Water Corporation Xxxxx Real Estate Investment Trust (the “CorporationTrust”) and Computershare Investor Services Inc. as Rights AgentCST Trust Company, the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationTrust. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Trust will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Shares Voting Units that are issued and outstanding at the Record Time will (or thereafter) shall evidence one Right for each Common Share Voting Unit evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend or an alternative legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Timehereof. (b) Certificates representing Common Shares that are issued and outstanding after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will shall also evidence one Right for each Common Share represented by that certificate evidenced thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences the rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1April 9, 2018, 2002 as the same may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation Richmont Mines Inc. (the “CorporationCompany”) and Computershare Investor Services Inc. as Rights AgentTrust Company of Canada, the terms of which are incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationCompany. In Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, Rights may expire, may become null and void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Company will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Shares that are issued and outstanding at the Record Time will shall evidence one Right for each Common Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and the Expiration Time.

Issuance and Evidence of Rights. (a) One Right has been issued effective as of 5:01 p.m. on May 21, 2002 (the “Record Time”) in respect of each Common Share Unit outstanding at the Record Time and one Right has and shall be issued in respect of each Common Share which may be Unit issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this AgreementTime. Notwithstanding the foregoing, one Right in respect of each Common Share Unit issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Unit Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates In the event that certificates representing Common Shares Units are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence Time, they shall evidence, in addition to the Units, one Right for each Common Share Unit represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them them, prior to the date hereof the legend set forth in the Original Agreement which legend shall be deemed amended for all purposes to read the same as the legend set forth below, and after the date hereof the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder an Amended and Restated Unitholders Rights Plan Agreement dated as of May 1June 13, 2018, as may be amended or supplemented from time to time 2019 (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation the Trustees of Canadian Apartment Properties Real Estate Investment Trust (the “CorporationTrust”) and Computershare Investor Services Inc. as Rights AgentInc., the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationTrust. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Trust will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) Certificates representing Common Shares that are therefor. Any Units issued and outstanding at registered in Book Entry Form after the Record Time will evidence one Right for each Common Share evidenced by those certificates, notwithstanding the absence of the foregoing legend until but prior to the earlier of the Separation Time and the Expiration TimeTime shall evidence, in addition to the Units, one Right for each Unit represented thereby and the registration record of such Units shall include the foregoing legend, adapted accordingly as the Rights Agent may reasonably require.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Timehereof. (b) Certificates representing Common Shares, including without limitation Common Shares issued upon the conversion of Convertible Securities, that are issued and outstanding after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will shall also evidence one Right for each Common Share represented by that certificate evidenced thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences the rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1March 28, 2018, 2011 as the same may be amended or supplemented from time to time (the “"Rights Agreement”"), as that agreement may be amended or modified, between Primo Water Corporation Richmont Mines Inc. (the “Corporation”"Company") and Computershare Investor Services Inc. as Rights AgentInc., the terms of which are incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationCompany. In Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, Rights may expire, may become null and void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Company will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Shares that are issued and outstanding at the Record Time will shall evidence one Right for each Common Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and the Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Voting Share outstanding at the Record Effective Time and each Common Voting Share which may be issued after the Record Effective Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this Agreementhereof. Notwithstanding the foregoing, one Right in respect of each Common Voting Share issued after the Record Effective Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Voting Shares issued after the Record Effective Time but prior to the earlier of the Separation Time and the Expiration Time will evidence one Right for each Common Voting Share represented by that certificate thereby and will have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (as such term is defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement the amended and restated shareholder rights plan of Data Communications Management Corp. (the “Corporation”) dated as of May 1June 28th, 2018, as may be amended or supplemented from time to time 2017 (the “Rights Agreement”), as that agreement same may be amended or modified, between Primo Water the Corporation (the “Corporation”) and Computershare Investor Services Inc. as Rights AgentInc., the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Voting Shares that are issued and outstanding at the Record Effective Time will evidence one Right for each Common Voting Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time. (d) Registered holders of Common Shares who have not received a Common Share certificate and are entitled to do so on the earlier of the Separation Time and the Expiration Time shall be entitled to Rights as if such certificates had been issued and such Rights shall for all purposes hereof be evidenced by the corresponding entries on the Corporation’s securities register for Common Shares.

Issuance and Evidence of Rights. ‌ (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence one Right for each Common Share represented by that certificate and will have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1, 2018, as may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation (the “Corporation”) and Computershare Investor Services Inc. as Rights Agent, the terms of which are incorporated in this certificate by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) Certificates representing Common Shares that are issued and outstanding at the Record Time will evidence one Right for each Common Share evidenced by those certificates, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence one Right for each Common Share represented by that certificate and will have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1March 12, 20182019, as may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation Hudbay Minerals Inc. (the “Corporation”) and Computershare Investor Services Inc. TSX Trust Company as Rights Agent, the terms of which are incorporated in this certificate by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) Certificates representing Any Common Shares issued and registered in Book Entry Form (that are evidenced by an advice or other statement on which are maintained electronically the records of the transfers) after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, shall evidence, in addition to the Common Shares, one Right for each Common Share represented by such registration and the registration record of such Common Shares shall include the foregoing legend, adapted accordingly as the Rights Agent may reasonably require. Common Shares (both registered in Book Entry Form or for which share certificates have been issued) that are issued and outstanding at the Record Time will also evidence one Right for each Common Share evidenced by those certificatesrepresented thereby, notwithstanding the absence of the foregoing legend legend, until the earlier of the Separation Time and the Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Voting Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreementhereof. Notwithstanding the foregoing, one Right in respect of each Common Voting Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) . Certificates representing Common Voting Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will shall evidence one Right for each Common Voting Share represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1November 8, 2018, as may be amended or supplemented from time to time 1999 (the “"Rights Agreement”"), as that agreement may be amended or modified, between Primo Water Corporation Abitibi-Consolidated Inc. (the “"Corporation”") and Computershare Investor Services Inc. as Rights AgentMontreal Trust Company, the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) therefor. Certificates representing Common Voting Shares that are issued and outstanding at the Record Time will shall evidence one Right for each Common Voting Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share Unit outstanding at the Record Time and each Common Share Voting Unit which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreement. hereof Notwithstanding the foregoing, one Right in respect of each Common Share Voting Unit issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Unit Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares Voting Units issued after the Record Time date hereof but prior to the earlier of the Separation Time and the Expiration Time will shall evidence one Right for each Common Share Voting Unit represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following follow legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder SecondThird Amended and Restated Unitholder Rights Plan Agreement dated as of May 1June 19, 2018201415, as may be amended or supplemented from time to time 2017 (the “Rights Agreement”), as that agreement same may be amended or modified, between Primo Water Corporation Xxxxx Real Estate Investment Trust (the “CorporationTrust”) and Computershare Investor Services Inc. as Rights AgentCST Trust Company, the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationTrust. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Trust will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Shares Voting Units that are issued and outstanding at the Record Time will (or thereafter) shall evidence one Right for each Common Share Voting Unit evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend or an alternative legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right has been issued effective as of 5:01 p.m. on May 21, 2002 (the “Record Time”) in respect of each Common Share Unit outstanding at the Record Time and one Right has and shall be issued in respect of each Common Share which may be Unit issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this AgreementTime. Notwithstanding the foregoing, one Right in respect of each Common Share Unit issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Unit Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates In the event that certificates representing Common Shares Units are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence Time, they shall evidence, in addition to the Units, one Right for each Common Share Unit represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them them, prior to the date hereof the legend set forth in the Original Agreement which legend shall be deemed amended for all purposes to read the same as the legend set forth below, and after the date hereof the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder an Amended and Restated Unitholders Rights Plan Agreement dated as of May June 1, 2018, as may be amended or supplemented from time to time 2022 (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation the Trustees of Canadian Apartment Properties Real Estate Investment Trust (the “CorporationTrust”) and Computershare Investor Services Inc. as Rights AgentInc., the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationTrust. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Trust will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement. (c) Certificates representing Common Shares that are therefor. Any Units issued and outstanding at registered in Book Entry Form after the Record Time will evidence one Right for each Common Share evidenced by those certificates, notwithstanding the absence of the foregoing legend until but prior to the earlier of the Separation Time and the Expiration TimeTime shall evidence, in addition to the Units, one Right for each Unit represented thereby and the registration record of such Units shall include the foregoing legend, adapted accordingly as the Rights Agent may reasonably require.

Issuance and Evidence of Rights. ‌ (a) One Right in respect of each Common Share Unit outstanding at the Record Time and each Common Share Voting Unit which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued in accordance with the terms of this Agreementhereof. Notwithstanding the foregoing, one Right in respect of each Common Share Voting Unit issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Unit Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) Certificates representing Common Shares Voting Units issued after the Record Time date hereof but prior to the earlier of the Separation Time and the Expiration Time will shall evidence one Right for each Common Share Voting Unit represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following follow legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Fourth Amended and Restated Unitholder Rights Plan Agreement dated as of May 1September 24, 2018, as may be amended or supplemented from time to time 2020 (the “Rights Agreement”), as that agreement same may be amended or modified, between Primo Water Corporation Xxxxx Real Estate Investment Trust (the “CorporationTrust”) and Computershare Investor Services Inc. as Rights AgentAST Trust Company (Canada), the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationTrust. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Trust will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) Certificates representing Common Shares Voting Units that are issued and outstanding at the Record Time will (or thereafter) shall evidence one Right for each Common Share Voting Unit evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend or an alternative legend until the earlier of the Separation Time and Expiration Time.

Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will shall be issued (such issuance to be effective as soon as practicable after the filing of applicable regulatory notices) in accordance with the terms of this Agreementhereof. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Common Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time. (b) . Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will shall evidence one Right for each Common Share represented by that certificate thereby and will shall have impressed on, printed on, written on or otherwise affixed to them the following legend: “Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder an Amended and Restated Shareowner Rights Plan Agreement dated as of May 124, 2018, as may be amended or supplemented from time to time 2007 (the “Rights Agreement”), as that agreement the same may be amended or modifiedsupplemented from time to time, between Primo Water Cott Corporation (the “CorporationCompany”) and Computershare Investor Services Inc. as Rights AgentInc., the terms of which are hereby incorporated in this certificate herein by reference and a copy of which is on file at the principal executive offices of the CorporationCompany. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation Company will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreementtherefor. (c) ” Certificates representing Common Shares that are issued and outstanding at the Record Time will shall evidence one Right for each Common Share evidenced by those certificatesthereby, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.