Warrant Amendment

 





WARRANT CERTIFICATE AMENDMENT NOTICE AND CONSENT (the “Agreement”)

Water Ways Technologies Inc., (the “Company”) is pleased to advise that it has obtained conditional TSX Venture Exchange (the “Exchange”) approval to amend the terms of the Warrant as further discussed below (the “Amendment”). The Amendment requires your below consent and upon receipt of final Exchange approval the Amendment will become effective and an amending agreement memorializing the Amendment will be sent to you for your records. All other terms of the Warrant will remain unchanged. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Warrant. Amendment: The Exercise Price shall be ame
nded to a new exercise price, in respect of all Warrants, of $0.06 (the “New Exercise Price”). As per the requirements of the Exchange, the Amendment will require the incorporation of an accelerated expiry provision such that the remaining exercise period of the Warrants will be reduced to 30 days (the “Acceleration Period”) if, for any 10 consecutive trading days (the “Premium Trading Days”) during the unexpired term of such of the Warrants, the closing price of the Common Shares exceeds the New Exercise Price by 25% or more (which would be a trading price of $0.075 per Common Share or higher), with the 30-day expiry period commencing on the day the Company either: (i) disseminates a press release or (ii) sends a written notice to the holders of the Warrants, advising of the commencement of the exercise period, provided that: (i) in both of the foregoing scenarios; or (ii) if the Company does not disseminate a press release or issue a written notice, the Acceleration Period shall commence automatically on that date that is no later than 7 calendar days after the tenth Premium Trading Day.

PLEASE SIGN AND RETURN A COPY OF THIS NOTICE AND CONSENT TO THE COMPANY

By your signature below, and in consideration of the agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each of the parties, you acknowledge: (i) that you are the registered or beneficial holder of the Warrant and have reviewed, considered and agreed to the terms of the Amendment; and (ii) that you have requested and are satisfied that the foregoing be drawn up in the English language. Le soussigné reconnaît qu’il a exigé que le Régime et ce qui précède soient rédigés et exécutés en anglais et s’en déclare satisfait.

Please fill in the Notice, complete the form below and upload the signed Notice

 
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