secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001062993-23-019600
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299323019600/0001062993-23-019600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299323019600/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-019600

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