INVESTMENT AGREEMENTInvestment Agreement • March 26th, 2019 • Transalta Corp • Electric services • Alberta
WHEREAS the Investor wishes to commit to invest an aggregate amount of $750,000,000 in the Issuer (the “Investment Amount”) by subscribing for (i) $350,000,000 principal amount of exchangeable 7% unsecured, subordinated debentures (the “Exchangeable Debentures”) having substantially the rights, preferences, privileges, restrictions and conditions set out in the Exchangeable Securities Terms (as defined herein) (the “Initial Subscription”) and (ii) $400,000,000 in redeemable, retractable Series I First Preferred Shares (the “Redeemable Shares”) having substantially the rights, preferences, privileges, restrictions and conditions set out in the Exchangeable Securities Terms (as defined herein) (the “Second Subscription”), in each case, in accordance with the terms and conditions set out in this investment agreement (the “Agreement”);
