Underwriting AgreementUnderwriting Agreement • June 22nd, 2009 • Transcanada Corp • Natural gas transmission • Alberta
RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and TD Securities Inc., as co-lead underwriters (the “Co-Lead Underwriters”), and Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc. and UBS Securities Canada Inc. (together with the Co-Lead Underwriters, the “Underwriters”) understand that TransCanada Corporation (the “Corporation”) proposes to issue and sell 50,800,000 Common Shares (as hereinafter defined) (the “Firm Securities”). Subject to the terms and conditions set forth below, the Underwriters hereby severally, but not jointly, agree to purchase from the Corporation, in the respective percentages provided for in Article 14 hereof, and by its acceptance hereof the Corporation agrees to sell to the Underwriters, at the Closing Time (as hereinafter defined), all but not less than all, of the Firm Securities at a price of $31.50 per Firm Security, being an aggregate purchase price of $1,600,200,000.00.
