THE ALKALINE WATER COMPANY INC. (the "Issuer") PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (SUBSCRIPTION RECEIPTS) INSTRUCTIONS TO SUBSCRIBERPrivate Placement Subscription Agreement • July 6th, 2021 • ALKALINE WATER Co INC • Wholesale-groceries & related products • British Columbia
The undersigned (the "Subscriber") hereby irrevocably subscribes for and agrees to purchase from The Alkaline Water Company Inc. (the "Issuer") that number of subscription receipts of the Issuer (each, a "Subscription Receipt") set out below at a price of $1.05 per Subscription Receipt. Each Subscription Receipt will automatically convert into one unit of the Issuer (each, a "Unit") in the event of the occurrence of the Escrow Release Condition (as defined herein). Each Unit is comprised of one common share in the capital of the Issuer (each, a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share (each, a "Warrant Share") at a price of $1.25 per Warrant Share until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is three (3) years following the Closing Date. The Subscriber agrees to be bound by the terms and conditions set forth in the attached "Terms and Conditions of Subscripti
