The Alkaline Water Company Inc. ('Alkaline') and AQUAhydrate(R) Inc. ('AQUAhydrate'), announced that they have entered into a definitive agreement and plan of merger (the 'Agreement') dated September 9, 2019 under which Alkaline will acquire all of the issued and outstanding shares of common stock and preferred stock of AQUAhydrate in an all-stock transaction (the 'Transaction'). Directors and Officers Following the Closing, the board of directors of Alkaline (the 'Board') will be reconstituted to consist of seven members, including four nominees of Alkaline and three nominees of AQUAhydrate. It is expected that the Board will consist of the following persons: The nominees of Alkaline are expected to be: Richard Wright - Mr. Wright is a co-founder of The Alkaline Water Company Inc. and is responsible for its success and rapid growth. He brings over 41 years of experience as a CEO, CPA, entrepreneur, and executive. Mr. Wright has extensive knowledge about the financial industry, with an emphasis on M&A, transaction planning, and international operations. Aaron Keay - Aaron Keay is Chairman of the Alkaline Water Company's Board of Directors and has served on multiple boards over the last decade in multiple sectors, but with an emphasis on consumer products. Mr. Keay has acted as a private investor who acts as an advisor, consultant, key investor or board member to multiple companies. Brian Sudano - Brian Sudano is Managing Partner of Beverage Marketing Corporation and BMC Strategic Associates. Mr.Sudano's experience covers nearly the entire beverage industry, from energy drinks to wine, with special expertise in beverage alcohol by virtue of varied industry experience and broad range of projects. The nominees of AQUAhydrate are expected to be: Ira Tochner - Ira Tochner is a Senior Partner at The Yucaipa Companies, an investment firm specializing in the consumer products, lifestyle/hospitality and entertainment industries. Mr. Tochner joined The Yucaipa Companies in 1990. Formed in 1986, Yucaipa has completed mergers and acquisitions valued at more than $40 billion. Mr. Tochner was previously employed by Arthur Andersen & Co. as an audit manager (1983 -- 1989). Matthew Howison - Matthew Howison is a lawyer and international financier who has held senior positions at NM Rothschild & Sons, Turnbull & Partners, Goldman Sachs and Salomon Smith Barney (Citigroup) before establishing the boutique merchant banking firm Emerald Partners. In a career spanning more than twenty years, he has been involved in advising on mergers and acquisitions and capital raising transactions. He has relevant expertise in the paper and packaging, food & beverage, media & entertainment sectors. Each of Alkaline and AQUAhydrate expects to name an additional nominee on or before the Closing. Further, following the Closing, it is expected that Matthew Howison will be appointed the President of Alkaline.