Common use of The Rights Clause in Contracts

The Rights. (a) Certificates representing Common Shares which are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, shall also evidence one Right for each Common Share represented thereby and shall have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially to the following effect: “Until the Separation Time (defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement, dated October 13, 1992, as amended or supplemented from time to time (the “Shareholder Rights Plan Agreement”), between TransAlta Corporation (“TransAlta”) and Computershare Trust Company of Canada (as successor to AST Trust Company (Canada)), the terms of which are incorporated herein by reference and a copy of which is available on filedemand without charge at the principal executive offices of TransAlta. Under certain circumstances set out in the Shareholder Rights Plan Agreement, the rights may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate. TransAlta will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, shall also evidence one Right for each Common Share evidenced thereby, notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.

The Rights. (a) 2.1 Legend on Common Share Certificates representing Certificates for the Common Shares, including without limitation Common Shares which are issued upon the conversion of Convertible Securities, issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, Time shall also evidence one Right for each Common Share represented thereby and and, commencing as soon as reasonably practicable after the Record Time, shall have impressed on, printed on, written on or otherwise affixed to them a legend substantially in a form substantially to the following effectform: “Until the Separation Time (as defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of and entitles the holder described hereof to certain Rights as set forth in a Shareholder Rights Plan AgreementAgreement dated as of May 29, dated October 13, 19922008, as amended or supplemented such may from time to time be amended, restated, varied or replaced (the “Shareholder "Rights Plan Agreement”"), between TransAlta Corporation Micromem Technologies Inc. (“TransAlta”the "Corporation") and Computershare Equity Transfer & Trust Company of Canada (Company, as successor to AST Trust Company (Canada))Rights Agent, the terms of which are hereby incorporated herein by reference and a copy of which is available on filedemand without charge file at the principal executive offices registered office of TransAltathe Corporation. Under In certain circumstances circumstances, as set out forth in the Shareholder Rights Plan Agreement, the rights such Rights may be amended, redeemed, may expire, may become null and void (if, in certain cases, they are "Beneficially Owned" by an "Acquiring Person", as such terms are defined in the Rights Agreement, or a transferee thereof) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” . Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, Time shall also evidence one Right for each Common Share evidenced thereby, thereby notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.

The Rights. (a) Certificates representing Common Shares which are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, shall also evidence one Right for each Common Share represented thereby and shall have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially to the following effect: “Until the Separation Time (defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement, dated October 13, 1992, as amended or supplemented from time to time (the “Shareholder Rights Plan Agreement”), between TransAlta Corporation (“TransAlta”) and Computershare Trust Company of Canada (as successor to AST Trust Company (Canada)), the terms of which are incorporated herein by reference and a copy of which is available on filedemand without charge file at the principal executive offices of TransAlta. Under certain circumstances set out in the Shareholder Rights Plan Agreement, the rights may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate. TransAlta will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, shall also evidence one Right for each Common Share evidenced thereby, notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.

The Rights. (a) 2.1 Legend on Common Share Certificates representing Certificates for the Common Shares, including without limitation Common Shares which are issued upon the conversion of Convertible Securities, issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, Time shall also evidence one Right for each Common Share represented thereby and and, commencing as soon as reasonably practicable after the Record Time, shall have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially to the following effectlegend: “Until the Separation Time (as defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of and entitles the holder described hereof to certain Rights as set forth in a Shareholder Rights Plan AgreementAgreement dated as of March 10, dated October 13, 19922013, as amended or supplemented such Shareholder Rights Plan Agreement may from time to time be amended, restated, varied or replaced (the “Shareholder Rights Plan Agreement”), between TransAlta Corporation Aurizon Mines Ltd. (the “TransAltaCorporation”) and Computershare Trust Company of Canada (Canada, as successor to AST Trust Company (Canada))Rights Agent, the terms of which are incorporated herein by reference and a copy of which is available on filedemand without charge file at the principal executive offices registered office of TransAltathe Corporation. Under In certain circumstances circumstances, as set out forth in the Shareholder Rights Plan Agreement, the rights such Rights may be amended, redeemed, may expire, may become null and void (if, in certain cases, they are “Beneficially Owned” by an “Acquiring Person”, as such terms are defined in the Rights Agreement, or a transferee thereof) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, Time shall also evidence one Right for each Common Share evidenced thereby, thereby notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.

The Rights. (a) Certificates representing Common the Shares, including without limitation Shares which are issued upon the conversion of Convertible Securities, issued after the Record Time but prior to the Close of Business on the earlier of the Separation Time and the Expiration Time, Time shall also evidence one Right for each Common Share represented thereby and shall have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially to the following effectlegend: “Until the Separation Time (as defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of and entitles the holder described hereof to certain Rights as set forth in a Shareholder Rights Plan Agreement, dated October 13as of March 29, 19922011 (the “Rights Agreement”), between the Corporation and Olympia Trust Company, as rights agent, as the same may be amended or supplemented from time to time (in accordance with the “Shareholder Rights Plan Agreement”), between TransAlta Corporation (“TransAlta”) and Computershare Trust Company of Canada (as successor to AST Trust Company (Canada))terms thereof, the terms of which are hereby incorporated herein by reference and a copy of which is available on filedemand without charge file at the principal executive offices registered office of TransAltathe Corporation. Under certain circumstances circumstances, as set out forth in the Shareholder Rights Plan Agreement, the rights such Rights may be amended or redeemed, may expire, may become null and void (if, in certain cases, they are “Beneficially Owned” by an “Acquiring Person”, as such terms are defined in the Rights Agreement, whether currently held by or on behalf of such Person or any subsequent holder) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, shall also evidence one Right for each Common Share evidenced thereby, notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.”

The Rights. (a) Certificates representing Common Voting Shares which are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Termination Time, shall also evidence one Right for each Common Voting Share represented thereby until the earlier of the Separation Time or the Termination Time and shall have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially prior to the date hereof the legend referred to in Section 0 of the Original Rights Plan and which legend shall be deemed to be amended for all purposes to read the same as the following effectlegend: “Until the earlier of the Separation Time or the Termination Time (as both terms are defined in the Fourth Amended and Restated Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of and entitles the holder described hereof to certain Rights as set forth in a Fourth Amended and Restated Shareholder Rights Plan AgreementAgreement dated as of May 2, dated October 13, 19922019, as amended may be amended, restated or supplemented from time to time (the “Shareholder Rights Plan Agreement”), between TransAlta Corporation Alamos Gold Inc. (the “TransAltaCorporation”) and Computershare Trust Company of Canada (Canada, as successor to AST Trust Company (Canada))Rights Agent, the terms of which are incorporated herein by reference and a copy of which is available on filedemand without charge file at the principal executive offices of TransAltathe Corporation. Under certain circumstances set out in the Shareholder Rights Plan Agreement, the rights Rights may expirebe amended or redeemed, may expire or may become null and void (if, in certain cases, they are “Beneficially Owned” by an “Acquiring Person” as such terms are defined in the Shareholder Rights Agreement, whether currently held by or on behalf of such Person or a subsequent holder) or may be evidenced by separate certificates and no longer evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a one copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” . Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, Time shall also evidence one Right for each Common Share evidenced thereby, represented thereby notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Termination Time.

The Rights. (a) 2.1 Legend on Common Share Certificates representing Certificates for the Common Shares, including without limitation Common Shares which are issued upon the conversion of Convertible Securities, issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, Time shall also evidence one Right for each Common Share represented thereby and and, commencing as soon as reasonably practicable after the Record Time, shall have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially to the following effectlegend: “Until the Separation Time (as defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of and entitles the holder described hereof to certain Rights as set forth in a Shareholder Rights Plan Agreement, dated October 13as of June 5, 19922000, as amended or supplemented such may from time to time be amended, restated, varied or replaced, (the “Shareholder "Rights Plan Agreement”"), between TransAlta Corporation Infowave Software, Inc. (“TransAlta”the "Corporation") and Computershare Montreal Trust Company of Canada (as successor to AST Trust Company (Canada))Rights Agent, the terms of which are hereby incorporated herein by reference and and, a copy of which is available on filedemand without charge file at the principal executive offices registered office of TransAltathe Corporation. Under certain circumstances circumstances, as set out forth, in the Shareholder Rights Plan Agreement, the rights such Rights may be amended or redeemed, may expire, may become null and void (if, in certain cases, they are "Beneficially Owned" by an "Acquiring Person", as such terms are defined in the Rights Agreement, or a transferee thereof) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable practicable, after the receipt of a written request therefor.” . Certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, Time shall also evidence one Right for each Common Share evidenced thereby, thereby notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.

The Rights. (a) 2.1 Legend on Share Certificates Certificates representing Common Shares which are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, shall also evidence one Right for each Common Share represented thereby until the earlier of the Separation Time or the Expiration Time and the Corporation shall cause such certificates to have impressed onthereon, printed onthereon, written on thereon or otherwise affixed to them a legend in a form substantially to the following effectlegend: “Until the close of business on the earlier of the Separation Time or the Expiration Time (as both terms are defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan AgreementAgreement dated as of October 5, dated October 13, 1992, as amended or supplemented from time to time 1998 (the “"Shareholder Rights Plan Agreement”), ") between TransAlta Corporation Gold Reserve Inc. (“TransAlta”the "Corporation") and Computershare Montreal Trust Company of Canada (Canada, as successor to AST Trust Company (Canada))supplemented and amended, the terms of which are incorporated herein by reference and a copy of which is available on filedemand without charge file at the principal executive offices of TransAltathe Corporation. Under certain circumstances set out in the Shareholder Rights Plan Agreement, the rights may be terminated, may expire, may become null and void (if, in certain cases they are "Beneficially Owned" by an "Acquiring Person" as such terms are defined in the Shareholder Rights Agreement, whether currently held by or on behalf of such Person or a subsequent holder) or may be evidenced by separate certificates and no longer evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor.” Certificates . Provided that the Record Time occurs prior to the Separation Time, certificates representing Common Shares that are issued and outstanding at the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, Time shall also evidence one Right for each Common Share evidenced thereby, represented thereby notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.

The Rights. (a) 2.1 LEGEND ON CERTIFICATES Certificates representing for Common Shares which are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, Time shall also evidence one Right for each Common Share represented thereby and shall and, at the option of the Board of Directors, may have impressed on, printed on, written on or otherwise affixed to them a legend in a form substantially to the following effectlegend: “Until the Separation Time (as defined in the Shareholder Rights Plan Agreement referred to below), this certificate also evidences rights of and entitles the holder described hereof to certain Rights as set forth in a Shareholder Protection Rights Plan Agreement, dated October 13as of the 18th day of December, 19921996, as amended or supplemented from time to time (the “Shareholder "Rights Plan Agreement”"), between TransAlta Corporation Solucorp Industries Ltd. (“TransAlta”the "Corporation") and Computershare CIBC Mellon Trust Company of Canada (Company, as successor to AST Trust Company (Canada))Rights Agent, the terms of which are hereby incorporated herein by reference and a copy of which is available on filedemand without charge may be inspected during normal business hours at the principal executive offices registered office of TransAltathe Corporation. Under certain circumstances circumstances, as set out forth in the Shareholder Rights Plan Agreement, the rights such Rights may be amended, redeemed, terminated, may expire, may become null and void (if, in certain cases, they are "Beneficially Owned" by an "Acquiring Person", as such terms are defined in the Rights Agreement, whether currently held by or on behalf of such Person or any subsequent holder) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. TransAlta The Corporation will mail or arrange for the mailing of a copy of the Shareholder Rights Plan Agreement to the holder of this certificate without charge as soon as is practicable after the receipt of a written request therefor.” . Certificates representing Common Shares that are issued and outstanding at and after the Record Time, including certificates representing Utilities Common Shares, which as at the Effective Date represent Common Shares, Time shall also evidence one Right for each Common Share evidenced thereby, notwithstanding the absence of the foregoing legend, legend until the close of business on the earlier of the Separation Time and the Expiration Time.