Alkaline Water Company enters exclusive licensing deal with Clean Bottling; guarantees $200k/month royalty

ALKALINE WATER Co INC

Clean Bottling secures exclusive worldwide rights to manufacture, market, and distribute all Alkaline 88 bottled water products.
Alkaline 88 to receive $200k/month fixed royalty from Nov 2023 through Mar 2024; thereafter greater of $200k or 4% of monthly gross sales.
Upon bankruptcy/insolvency trigger, Clean Bottling may acquire all licensed assets for $400k upfront plus 24 monthly payments of $19,166.67.
License agreement has 5-year term; Clean Bottling may sublicense and subcontract with approval.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALKALINE WATER Co INC entered into Exclusive Licensing, Co-packing and Distribution Agreement with Clean Bottling Inc. valued at US$200,000 fixed monthly royalty payment (effective 2023-10-17).

Action: entry
Agreement: license
Counterparty: Clean Bottling Inc.
Value: US$200,000 fixed monthly royalty payment
Effective: 2023-10-17

Exact text from the filing

On October 17, 2023, Alkaline 88, LLC (the " Company "), a wholly owned subsidiary of The Alkaline Water Company Inc., entered into an Exclusive Licensing, Co-packing and Distribution Agreement (the " License Agreement ") with Clean Bottling Inc. (" Clean Bottling ").

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Source: SEC EDGAR

accession 0001062993-23-019600

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