WTER · ALKALINE WATER Co INC

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on May 16, 2023 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on April 30, 2023 upon vesting.

Reflects the reverse split on the basis of 15:1 which became effective on April 5, 2023.

50% vest on March 29, 2024 and 50% vest on March 29, 2025.

Each share of Series E Preferred Stock is convertible, after November 23, 2023, at the option of The Alkaline Water Company Inc. (the "Company"), into that number of units of the Company (each, a "Unit") determined by dividing the stated value ($1.00 per share) of such share by $0.25. Each Unit will consist of one share of common stock and one-half of one warrant with each whole warrant entitling the holder to acquire one share of common stock at an exercise price of $0.3125 for three years following conversion. A holder may, at its option, after January 31, 2023, convert all, but no less than all, of shares of Series E Preferred Stock held by such holder into that number of Units determined by dividing the stated value of such shares by $0.25. Each share of the Series E Preferred Stock will also automatically convert, upon the occurrence of a certain fundamental transaction, into that number of Units determined by dividing the stated value of such share by $0.25.

David Rauch and Julie Rauch are the only trustees and the only beneficiaries of the David and Julie Rauch Trust. Julie Rauch is the spouse of David Rauch.

These shares are issued at a deemed price of $0.25 in consideration for the execution of a subscription agreement for the purchase of the Series E Preferred Stock.

David Rauch and Julie Rauch are the only trustees and the only beneficiaries of the David and Julie Rauch Trust. Julie Rauch is the spouse of David Rauch.

50% vest on November 16, 2023 and 50% vest on November 16, 2024.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on November 16, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on November 16, 2022 upon vesting.

These options were cancelled on November 16, 2022.

50% vest on August 23, 2023 and 50% vest on August 23, 2024.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on November 16, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on November 16, 2022 upon vesting.

50% vest on November 16, 2023 and 50% vest on November 16, 2024.

The exercise price is reduced to $0.46 per share from $1.25 per share.

50% vest on August 23, 2023 and 50% vest on August 23, 2024.

50% vest on August 23, 2023 and 50% vest on August 23, 2024.

50% vest on August 23, 2023 and 50% vest on August 23, 2024.

50% vest on July 29, 2023 and 50% vest on July 29, 2024.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on July 29, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on April 30, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on April 30, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on March 31, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on March 31, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on March 31, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on March 31, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on March 31, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on January 15, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on January 15, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on January 15, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on January 15, 2022 upon vesting.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on January 15, 2022.

These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on December 21, 2021 upon vesting.

Each Subscription Receipt was automatically converted on September 30, 2021 into units of The Alkaline Water Company Inc. with each unit consisting of one common share and one common share purchase warrant, with each share purchase warrant entitling the holder to acquire one common share at $1.25 per share for a period ending on July 6, 2024.

Each Subscription Receipt was automatically converted on September 30, 2021 into units of The Alkaline Water Company Inc., with each unit consisting of one common share and one common share purchase warrant, with each share purchase warrant entitling the holder to acquire one common share at $1.25 per share for a period ending on July 6, 2024.

Each Subscription Receipt was automatically converted on September 30, 2021 into units of The Alkaline Water Company Inc., with each unit consisting of one common share and one common share purchase warrant, with each share purchase warrant entitling the holder to acquire one common share at $1.25 per share for a period ending on July 6, 2024.

Each Subscription Receipt was automatically converted on September 30, 2021 into units of The Alkaline Water Company Inc. with each unit consisting of one common share and one common share purchase warrant, with each share purchase warrant entitling the holder to acquire one common share at $1.25 per share for a period ending on July 6, 2024.