<SEC-DOCUMENT>0001140361-19-009500.txt : 20190521
<SEC-HEADER>0001140361-19-009500.hdr.sgml : 20190521
<ACCEPTANCE-DATETIME>20190521100655
ACCESSION NUMBER:		0001140361-19-009500
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190521
FILED AS OF DATE:		20190521
DATE AS OF CHANGE:		20190521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALGONQUIN POWER & UTILITIES CORP.
		CENTRAL INDEX KEY:			0001174169
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37946
		FILM NUMBER:		19841212

	BUSINESS ADDRESS:	
		STREET 1:		354 DAVIS ROAD
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6J2X1
		BUSINESS PHONE:		0000000000

	MAIL ADDRESS:	
		STREET 1:		354 DAVIS ROAD
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6J2X1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALGONQUIN POWER INCOME FUND
		DATE OF NAME CHANGE:	20020523
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>nc10002012x3_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Soultions, Inc.
         Document created using EDGARfilings PROfile 5.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt;" bgcolor="#ffffff" text="#000000">
  <div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">
      <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"><font style="font-size: 14pt;">UNITED




        STATES</font></div>
    <div style="text-align: center; font-size: 14pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Washington, D.C. 20549</font></div>
    <div>
      <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">FORM 6-K</font></div>
    <div>
      <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of the</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Securities Exchange Act of 1934</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Date:&#160; May 21, 2019</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Commission File Number:&#160; 001-37946</font></div>
    <div style="text-align: center;">
      <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"><font style="font-size: 10pt; font-family: 'Times New Roman';
        font-weight: bold;"> </font></div>
    <div style="text-align: center; font-size: 24pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Algonquin Power &amp; Utilities Corp.</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Translation of registrant&#8217;s name into English)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">354 Davis Road</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Oakville, Ontario, L6J 2X1, Canada</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(Address of principal executive offices)</font></div>
    <div>
      <hr style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Form 20-F <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font> Form 40-F <font style="font-size: 10pt; font-family:
          'Times New Roman';">&#9746;</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160; </font><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></font></div>
    <div>
      <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EXHIBIT INDEX</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The following exhibits are filed as part of this Form 6-K:</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z6dc04d2508e8452081bf96ba76f0455e" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit</font></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: left;"><a href="nc10002012x3_ex99-1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">99.1</font></a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Underwriting Agreement.</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURE</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
        by the undersigned, thereunto duly authorized.</font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z7ebd2bf48f4c4745aeba33acbd9531f0" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ALGONQUIN POWER &amp; UTILITIES CORP. (registrant)</font></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date:&#160; May 21, 2019</font></div>
          </td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
          </td>
          <td style="width: 44%; vertical-align: top; border-bottom: 2px solid black;">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">(signed) &#8220;David Bronicheski&#8221;</font></font> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
          </td>
          <td style="width: 44%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">David Bronicheski</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
          </td>
          <td style="width: 44%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Financial Officer</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>nc10002012x3_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Soultions, Inc.
         Document created using EDGARfilings PROfile 5.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt;" bgcolor="#ffffff" text="#000000">
  <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">
    <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">Exhibit 99.1</div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>UNDERWRITING AGREEMENT</u></font></font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">May 16, 2019</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp.</font></div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">354 Davis Road, Suite 100</font></div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Oakville, Ontario L6J 2X1</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Mr. Ian E. Robertson, Chief Executive Officer</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dear Sirs and Mesdames:</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp., a Canadian corporation (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Corporation</font>&#8221;),





      proposes to issue and sell to the several underwriters named in Schedule A (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Underwriters</font>&#8221;), acting severally and not jointly, the respective amounts set
      forth in such Schedule A of $350,000,000 aggregate principal amount of the Corporation&#8217;s 6.20% Fixed-to-Floating Subordinated Notes &#8211; Series 2019-A, due July 1, 2079 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight:
        bold;">Notes</font>&#8221;).&#160; BofA Securities, Inc. (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BofA Merrill Lynch</font>&#8221;), J.P. Morgan Securities LLC (&#8220;<font style="font-size: 10pt; font-family: 'Times New
        Roman'; font-weight: bold;">J.P. Morgan</font>&#8221;), RBC Capital Markets, LLC (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">RBC Capital Markets</font>&#8221;) and Wells Fargo Securities, LLC (&#8220;<font style="font-size:
        10pt; font-family: 'Times New Roman'; font-weight: bold;">Wells Fargo Securities</font>&#8221;) have agreed to act as representatives of the several Underwriters (in such capacity, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
        font-weight: bold;">Representatives</font>&#8221;) in connection with the offering and sale of the Notes (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Offering</font>&#8221;).</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Notes will be issued pursuant to an indenture, dated as of October 17, 2018 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
        font-weight: bold;">Base Indenture</font>&#8221;), among the Corporation, American Stock Transfer &amp; Trust Company, LLC, as the U.S. Trustee (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Trustee</font>&#8221;)
      and AST Trust Company (Canada), as the Canadian Co-Trustee (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Co-Trustee</font>&#8221; and together with the U.S. Trustee, the &#8220;<font style="font-size: 10pt;
        font-family: 'Times New Roman'; font-weight: bold;">Trustees</font>&#8221;).&#160; Certain terms of the Notes will be established pursuant to a second supplemental indenture to be dated as of the Closing Date (as defined in Article I below) to the Base
      Indenture (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Second Supplemental Indenture</font>&#8221; and, together with the Base Indenture, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
        font-weight: bold;">Indenture</font>&#8221;).&#160; The Notes will be issued in book-entry form in the name of Cede &amp; Co., as nominee of The Depository Trust Company (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Depositary</font>&#8221;),





      pursuant to a Letter of Representations, to be dated on or before the Closing Date (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DTC Agreement</font>&#8221;), by the Corporation to the Depositary.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The agreement resulting from the acceptance of this Agreement by the Corporation shall be subject to the following terms and conditions:</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE I</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DEFINITIONS</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In this Agreement, in addition to the terms defined above or elsewhere in this Agreement, the following terms shall have the following meanings:</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1933 Act</font>&#8221; means the United States Securities Act of 1933, as amended,
      and the rules and regulations thereunder;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <!--PROfilePageNumberReset%Num%2%%%-->
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1934 Act</font>&#8221; means the United States Securities Exchange Act of 1934,
      as amended, and the rules and regulations thereunder;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Agreement</font>&#8221; means this agreement, dated the date hereof, by and
      between the Corporation and the Representatives;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Algonquin Companies</font>&#8221; means those corporations set out under the
      heading &#8220;1.2 Intercorporate Relationships&#8221; on pages 1 and 2 of the Annual Information Form, which are owned directly or indirectly by the Corporation;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Algonquin Entities</font>&#8221; means, collectively, the Algonquin Companies,
      the Algonquin Partnerships and the Algonquin Trusts;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Algonquin Partnerships</font>&#8221; means those partnerships set out under the
      heading &#8220;1.2 Intercorporate Relationships&#8221; on pages 1 and 2 of the Annual Information Form, which are owned directly or indirectly by the Corporation;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Algonquin Trusts</font>&#8221; means those trusts set out under the heading &#8220;1.2
      Intercorporate Relationships&#8221; on pages 1 and 2 of the Annual Information Form, which are owned directly or indirectly by the Corporation;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Annual Information Form</font>&#8221; means the annual information form of the
      Corporation dated February 28, 2019;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Anti-Money Laundering Laws</font>&#8221; has the meaning ascribed thereto in
      Section 6.1(xx) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Applicable Securities Laws</font>&#8221; means all applicable securities laws in
      each of the provinces of Canada and in the United States and the respective rules, regulations, instruments, blanket orders and blanket rulings thereunder together with all applicable published policies, policy statements and notices of the Canadian
      Securities Regulators and the Securities Commissions, as applicable;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Atlantica</font>&#8221; means Atlantica Yield plc;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Base Indenture</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Base Prospectus</font>&#8221; means, collectively, the Canadian Base Prospectus
      and the U.S. Base Prospectus;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Beneficiaries</font>&#8221; has the meaning ascribed thereto in Section 2(e) of
      Schedule B hereto;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BHC Act Affiliate</font>&#8221; has the meaning assigned to the term &#8220;affiliate&#8221;
      in, and shall be interpreted in accordance with, 12 U.S.C. &#167; 1841(k);</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#8220;BofA Merrill Lynch</font>&#8221; has the meaning ascribed thereto on the first
      page hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bribery Act</font>&#8221; has the meaning ascribed thereto in Section 6.1(vv)
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Business Day</font>&#8221; means any day, excluding Saturday, Sunday and any
      other day which is a legal, statutory or civic holiday or a day on which banking institutions are required by law, regulation or local proclamation to close in the City of Toronto, Province of Ontario, Canada, or the City of New York, State of New
      York, United States;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">2</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Base Prospectus</font>&#8221; means the (final) unallocated short form
      base shelf prospectus of the Corporation dated September 18, 2018, filed with the Canadian Securities Regulators in connection with the qualification for distribution of the Corporation&#8217;s debt securities, including the Notes, subscription receipts,
      common shares, preferred shares of any series, warrants and units in each of the provinces of Canada and, unless the context otherwise requires, includes all documents incorporated therein by reference;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Co-Trustee</font>&#8221; has the meaning ascribed thereto on the first
      page hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Offering Memorandum</font>&#8221; means the Canadian offering
      memorandum dated the date hereof, including the documents incorporated or deemed to be incorporated by reference therein;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Preliminary Offering Memorandum</font>&#8221; means the Canadian
      preliminary offering memorandum dated the date hereof, including the documents incorporated or deemed to be incorporated by reference therein;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Preliminary Prospectus</font>&#8221; has the meaning ascribed thereto
      in Section 2.1(c) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Preliminary Prospectus Supplement</font>&#8221; has the meaning
      ascribed thereto in Section 2.1(c) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Private Placement Provinces</font>&#8221; means British Columbia,
      Alberta, Saskatchewan, Ontario, Qu&#233;bec and Nova Scotia;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Prospectus</font>&#8221; has the meaning ascribed thereto in Section
      2.2 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Prospectus Supplement</font>&#8221; has the meaning ascribed thereto in
      Section 2.2 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Securities Laws</font>&#8221; means the applicable rules and
      regulations under such laws, together with applicable published national, multilateral and local policy statements, instruments, notices and blanket orders of the Canadian Securities Regulators in each of the provinces of Canada;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Securities Regulators</font>&#8221; means, collectively, the securities
      commissions or other securities regulatory authorities in each of the provinces of Canada;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Claim</font>&#8221; has the meaning ascribed thereto in Section 1(a) of Schedule
      B hereto;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Closing</font>&#8221; has the meaning ascribed thereto in Section 8.1 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Closing Date</font>&#8221; means the date on which the purchase of the Notes
      will be completed which is scheduled for May 23, 2019 or such later date as the Corporation and the Underwriters mutually agree in writing;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Corporation</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">3</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Corporation Additional Written Communication</font>&#8221; has the meaning
      ascribed thereto in Section 6.1(i) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Covered Entity</font>&#8221; means any of the following:</font></div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z05f19a8c24ae4db6bad1d3d6a6b0556e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 31.5pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a &#8220;covered entity&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 252.82(b);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf6f90e4caad84bc79b06bd1c37d4bcbb" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 31.5pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a &#8220;covered bank&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 47.3(b); or</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd4c8b70ea1c945df9fe71d1b97f3dc1f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 31.5pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a &#8220;covered FSI&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 382.2(b);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Debt Repayment Triggering Event</font>&#8221; means any event or condition which
      gives, or with the giving of notice or lapse of time or both would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder&#8217;s behalf) issued by the Corporation or any of its subsidiaries, the
      right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Corporation or any of its subsidiaries;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Default Right</font>&#8221; has the meaning assigned to that term in, and shall
      be interpreted in accordance with, 12 C.F.R. &#167;&#167; 252.81, 47.2 or 382.1, as applicable;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Depositary</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Disclosure Package</font>&#8221; means (i) the Preliminary Prospectus, (ii) the
      Canadian Preliminary Offering Memorandum, (iii) any Issuer Free Writing Prospectus, if any, identified in Annex I hereto, and (iv) any other free writing prospectus that the parties hereto shall hereafter expressly agree in writing to treat as a part
      of the Disclosure Package;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DTC Agreement</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EDGAR</font>&#8221; means the SEC&#8217;s Electronic Data Gathering, Analysis and
      Retrieval System;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Environmental Laws</font>&#8221; means any Canadian, United States and other
      foreign, federal, provincial, state, local or municipal laws, statutes, codes, rules, orders, regulations and common law relating to the protection of human health and safety, the environment, natural resources or to hazardous or toxic substances or
      wastes, pollutants or contaminants;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exchange</font>&#8221; means the Toronto Stock Exchange;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Facilities</font>&#8221; has the meaning ascribed thereto in Section 6.1(jj)
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FCPA</font>&#8221; has the meaning ascribed thereto in Section 6.1(vv) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Final Receipt</font>&#8221; has the meaning ascribed thereto in Section 2.1(a)
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Final Term Sheet</font>&#8221; has the meaning ascribed thereto in Section 4.9
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FINRA</font>&#8221; has the meaning ascribed thereto in Section 6.1(y) hereof;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">4</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnified Parties</font>&#8221; and &#8220;<font style="font-size: 10pt;
        font-family: 'Times New Roman'; font-weight: bold;">Indemnified Party</font>&#8221; have the meaning ascribed thereto in Article IX hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnifier</font>&#8221; has the meaning ascribed thereto in Section 2(a) of
      Schedule B hereto;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnitor</font>&#8221; has the meaning ascribed thereto in Section 1(a) of
      Schedule B hereto;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indenture</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Initial Sale Time</font>&#8221; means 5:00 p.m. on May 16, 2019;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Investment Company Act</font>&#8221; has the meaning ascribed thereto in Section
      6.1(q) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Issuer Free Writing Prospectus</font>&#8221; means any issuer free writing
      prospectuses as defined in Rule 433 under the 1933 Act;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">IT Systems and Data</font>&#8221; has the meaning ascribed thereto in Section
      6.1(yy) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#8220;J.P. Morgan</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Marketing Materials</font>&#8221; has the meaning ascribed thereto in NI 41-101;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Adverse Change</font>&#8221; has the meaning ascribed thereto in
      Section 6.1(qq) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Adverse Effect</font>&#8221; means any change, event or effect that is
      or would reasonably be expected to be materially adverse to (i) the condition (financial or otherwise), prospects, earnings, properties, assets, business, operations or results of operations, of the Corporation and its subsidiaries, taken as a whole
      or (ii) the ability of the Corporation to perform its obligations under, and consummate the transactions contemplated by, this Agreement, the Indenture and the Notes;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Contract</font>&#8221; has the meaning ascribed thereto in Section
      6.1(oo) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NI 31-103</font>&#8221; means National Instrument 31-103 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Registration Requirements, Exemptions and Ongoing Registrant Obligations</font> adopted by the Canadian Securities Regulators;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NI
        41-101</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8221; means National Instrument 41-101 </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">General Prospectus Requirements </font><font style="font-size: 10pt; font-family: 'Times New Roman';">adopted by the Canadian Securities Regulators;</font></font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NI 44-101</font>&#8221; means National Instrument 44-101<font style="font-size:
        10pt; font-family: 'Times New Roman'; font-style: italic;"> Short Form Prospectus Distributions</font> adopted by the Canadian Securities Regulators in respect of short form prospectus distributions;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NI 44-102</font>&#8221; means National Instrument 44-102 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Shelf Distributions</font> adopted by the Canadian Securities Regulators in respect of shelf distributions;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NI 45-106</font>&#8221; means National Instrument 45-106 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Prospectus Exemptions</font> adopted by the Canadian Securities Regulators;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NI 51-102</font>&#8221; means National Instrument 51-102 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Continuous Disclosure Obligations</font> adopted by the Canadian Securities Regulators;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">5</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Notes</font>&#8221; has the meaning ascribed thereto on the first page hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NYSE</font>&#8221; means the New York Stock Exchange;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Offering</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ontario Securities Laws</font>&#8221; means the requirements under the
      Securities Act (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Ontario</font>) and the securities rules, regulations and national, multijurisdictional or local instruments and published policy statements applicable
      in the Province of Ontario;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">OSC</font>&#8221; has the meaning ascribed thereto in Section 2.1(a) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Passport System</font>&#8221; means the system and procedures for prospectus
      filing and review under Multilateral Instrument 11-102 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Passport System </font>and National Policy 11-202 <font style="font-size: 10pt; font-family: 'Times New
        Roman'; font-style: italic;">Process for Prospectus Reviews in Multiple Jurisdictions</font> adopted by the Canadian Securities Regulators and its related memorandum of understanding;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Permits</font>&#8221; means all permits, consents, waivers, applications,
      authorizations, licenses, certificates, approvals, registrations, franchises, rights, privileges and exemptions or the like issued or granted by any governmental authority or by any other third party, including, without limitation, any Permits
      pertaining to all applicable laws, regulations, standards, requirements, ordinances, policies, guidelines, orders, approvals, notices, directives, or parts thereof, pertaining to environmental or occupational health and safety matters;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Permitted Free Writing Prospectus</font>&#8221; has the meaning ascribed thereto
      in Section 4.10 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Preliminary Prospectus</font>&#8221; means, collectively, the Canadian
      Preliminary Prospectus and the U.S. Preliminary Prospectus;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Prospectus</font>&#8221; means, collectively, the Base Prospectus and the
      Prospectus Supplements, including the documents incorporated or deemed to be incorporated by reference therein, and any Prospectus Amendment;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Prospectus Amendment</font>&#8221; means any amendment to the Prospectus;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Prospectus Delivery Period</font>&#8221; means such period beginning on the date
      of this Agreement and ending on the later of the Closing Date or such date as, in the opinion of counsel for the Underwriters, the U.S. Prospectus is no longer required by law to be delivered in connection with sales of the Notes by an Underwriter or
      dealer, including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the 1933 Act;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Prospectus Supplements</font>&#8221; means collectively, the Canadian Prospectus
      Supplement and the U.S. Prospectus Supplement;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#8220;RBC Capital Markets</font>&#8221; has the meaning ascribed thereto on the first
      page hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Registration Statement</font>&#8221; has the meaning ascribed thereto in Section
      2.1(b) hereof;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">6</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Related Judgment</font>&#8221; has the meaning ascribed thereto in Section 19.3
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Related Proceedings</font>&#8221; has the meaning ascribed thereto in Section
      19.3 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Representation Date</font>&#8221; has the meaning ascribed thereto in Section
      6.1 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Representatives</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Sanctions</font>&#8221; has the meaning ascribed thereto in Section 6.1(ww)
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SEC</font>&#8221;<font style="font-size: 10pt; font-family: 'Times New Roman';
        font-weight: bold;">&#160;</font>means the United States Securities and Exchange Commission;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Second Supplemental Indenture</font>&#8221; has the meaning ascribed thereto on
      the first page hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Securities Commissions</font>&#8221; mean, collectively, the SEC and any other
      applicable securities regulatory authority in each other jurisdiction as may be agreed to by the Corporation and the Underwriters;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SEDAR</font>&#8221; means System for Electronic Document Analysis and Retrieval;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Shelf Procedures</font>&#8221; means the rules and procedures established
      pursuant to NI 44-102;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Specified Courts</font>&#8221; has the meaning ascribed thereto in Section 19.3
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Supplementary Material</font>&#8221; means any Prospectus Amendment and any
      supplemental or additional or ancillary material, information, evidence, return, report, application, statement or document prepared and filed by the Corporation with the Canadian Securities Regulators or the SEC;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Time of Closing</font>&#8221; means 8:00 a.m. (New York City time) on the
      Closing Date;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Trust Indenture Act</font>&#8221; has the meaning ascribed thereto in Section
      6.1(a) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Trustees</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Underwriters</font>&#8221; has the meaning ascribed thereto on the first page
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Underwriting Commission</font>&#8221; has the meaning ascribed thereto in
      Section 3.1;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">United States</font>&#8221; means the United States of America, its territories
      and possessions, any State of the United States, and the District of Columbia;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Base Prospectus</font>&#8221; has the meaning ascribed thereto in Section
      2.1(b) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Preliminary Prospectus</font>&#8221; has the meaning ascribed thereto in
      Section 2.1(d) hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Preliminary Prospectus Supplement</font>&#8221; has the meaning ascribed
      thereto in Section 2.1(d) hereof;</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">7</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Prospectus</font>&#8221; has the meaning ascribed thereto in Section 2.3
      hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Prospectus Supplement</font>&#8221; has the meaning ascribed thereto in
      Section 2.3 hereof;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Special Resolution Regime</font>&#8221; means each of (i) the Federal
      Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder;</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Trustee</font>&#8221; has the meaning ascribed thereto on the first page
      hereof; and</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#8220;Wells Fargo Securities</font>&#8221; has the meaning ascribed thereto on the
      first page hereof.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Terms used herein which are defined in the Prospectus and not otherwise defined herein shall have the meaning set forth in the Prospectus unless the context
      requires otherwise.</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE II</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FILING OF PROSPECTUS &amp; REGISTRATION STATEMENT</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfb3f23e28cb144a99ad420842fda8fdc" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation represents and warrants to and for the benefit of the Underwriters that:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zbacf602e1e494214bc9a2dccb132fc1a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">in accordance with the Shelf Procedures, it has prepared and filed the Canadian Base Prospectus and all such other documents as are required under Applicable Securities Laws,
                  utilizing the Passport System and has obtained a receipt of the Ontario Securities Commission (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">OSC</font>&#8221;) dated September 19, 2018 in respect of the
                  Canadian Base Prospectus, which receipt evidences that final receipts of the other Canadian Securities Regulators in each of the provinces of Canada have been issued or deemed to be issued (the &#8220;<font style="font-size: 10pt; font-family:
                    'Times New Roman'; font-weight: bold;">Final Receipt</font>&#8221;);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z60453e515dfe45debc056bf3fb9a6772" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">it has prepared and filed with the SEC a registration statement on Form F-10 (File No. 333-227245), which contains a base prospectus (including the documents incorporated by
                  reference therein, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Base Prospectus</font>&#8221;) relating to the qualification for distribution of subscription receipts, common shares, preferred
                  shares of any series, debt securities, including the Notes, warrants and units in the United States.&#160; Such registration statement, including the financial statements, exhibits and schedules thereto, in the form in which it became
                  effective under the 1933 Act, including the documents incorporated by reference therein and any information deemed to be a part thereof at the time of effectiveness, is called the &#8220;<font style="font-size: 10pt; font-family: 'Times New
                    Roman'; font-weight: bold;">Registration Statement</font>&#8221;;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf1fcb66c57fd4cb8a1e5dc715ee40ad8" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">it has prepared and filed with the OSC, the preliminary prospectus supplement relating to the offering of the Notes, which excludes certain pricing information and other
                  final terms of the Notes, which it is permitted to exclude from such preliminary prospectus supplement (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Preliminary Prospectus Supplement</font>&#8221;
                  and together with the Canadian Base Prospectus, is hereinafter called the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Preliminary Prospectus</font>&#8221;); and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z173b43fa5ea044d88034f61a3fec6b99" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">it has prepared and filed with the SEC the preliminary prospectus supplement relating to the offering of the Notes, which excludes certain pricing information and other final
                  terms of the Notes (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Preliminary Prospectus Supplement</font>&#8221; and together with the U.S. Base Prospectus, is hereinafter called the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Preliminary Prospectus</font>&#8221;).</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">8</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: left;"><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5c7027b8c472436ab021bd5453198e76" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall prepare and file, as soon as possible and in any event within two Business Days after the date of execution and delivery of this Agreement with the OSC
                  in accordance with Ontario Securities Laws, the final prospectus supplement relating to the offering of the Notes which includes the pricing and other information omitted from the Canadian Preliminary Prospectus (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Canadian Prospectus Supplement</font>&#8221; and together with the Canadian Base Prospectus, is hereinafter called the &#8220;<font style="font-size: 10pt; font-family:
                    'Times New Roman'; font-weight: bold;">Canadian Prospectus</font>&#8221;).</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z42f27c8186a24118950fdf4b80b43e4e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.3</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall prepare and file with the SEC, in accordance with the 1933 Act and the rules and regulations of the SEC, the final prospectus supplement relating to the
                  offering of the Notes which includes the pricing and other information omitted from the U.S. Preliminary Prospectus (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Prospectus Supplement</font>&#8221;
                  and together with the U.S. Base Prospectus, is hereinafter called the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">U.S. Prospectus</font>&#8221;).</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9ce4dcb461ff4149811f4f9730aeff6e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.4</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation has allowed the Underwriters to participate fully in the preparation of the U.S. Preliminary Prospectus Supplement and the Canadian Preliminary Prospectus
                  Supplement prior to their respective filings and the Canadian Preliminary Offering Memorandum and agrees to allow the Underwriters, prior to the filing of the Prospectus Supplements, to participate fully in the preparation of the
                  Prospectus Supplements and the Canadian Preliminary Offering Memorandum and such other documents as may be required under Applicable Securities Laws to (a) qualify the Notes in Ontario (solely for the purpose of registering the Notes for
                  sale in the United States under the multi-jurisdictional disclosure system adopted in the United States and Canada), (b) register the Notes with the SEC, (c) to distribute the Notes in the Canadian Private Placement Provinces to
                  purchasers that are &#8220;accredited investors&#8221; as defined in NI 45-106 and &#8220;permitted clients&#8221; as defined in NI 31-103, and (d) to allow the Underwriters to conduct all &#8220;due diligence&#8221; investigations which the Underwriters may reasonably
                  require in order to fulfill the Underwriters&#8217; obligations as underwriters. For greater certainty the Notes shall only be offered or sold, directly or indirectly, in Canada or to any person residing in Canada by the Underwriters on a
                  &#8220;private placement&#8221; basis and pursuant to the Canadian Preliminary Offering Memorandum and the Canadian Offering Memorandum.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE III</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">PURCHASE AND SALE</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3f75fc41142a4d4aa22b4ff185a2ad2f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Based upon the foregoing and on the basis of the representations, warranties, covenants and agreements contained herein and subject to the terms and conditions set out below,
                  the Corporation agrees to issue and sell to the several Underwriters, severally and not jointly, and each of the Underwriters agrees severally (and not jointly or jointly and severally) to purchase from the Corporation, the aggregate
                  principal amount of Notes set forth opposite their names on Schedule A herein at a purchase price of 100% of the principal amount thereof, plus accrued interest, if any, from May 23, 2019 to the Closing Date, payable on the Closing Date.
                  As compensation to the Underwriters for their respective commitments hereunder, on the Closing Date, the Corporation will pay to the Representatives for the accounts of the several Underwriters, an underwriting commission (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Underwriting Commission</font>&#8221;) with respect to the Notes equal to the sum of (i) 3.15% of the principal amount of Notes sold to retail investors and (ii)
                  2.00% of the principal amount of Notes sold to institutional investors. The parties agree that (x) the Underwriters shall set off the Underwriting Commission against a corresponding portion of the purchase price payable to the Corporation
                  on the Closing Date under this Section 3.1 and (y) the payment by the Underwriters of the purchase price set forth in this Section 3.1 net of the Underwriting Commission shall be full satisfaction of the Underwriters&#8217; obligation to pay
                  the purchase price set forth in this Section 3.1 for the Notes and the Corporation&#8217;s obligation to pay the Underwriting Commission.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">9</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z0574eb42df8f4456b61e9a85bf672b96" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Representatives hereby advise the Corporation that the Underwriters intend to offer for sale to the public, as described in the Disclosure Package, their respective
                  portions of the Notes as soon after the execution of this Agreement as the Representatives, in their sole judgment, have determined is advisable and practicable.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE IV</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">COVENANTS OF THE CORPORATION</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6dad68da4dbf4befaa47b980325757fb" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation, subject to Section 4.2 hereof, will comply with the requirements under the 1933 Act and the other Applicable Securities Laws, and will promptly notify the
                  Representatives, and confirm the notice in writing, of (a) the effectiveness during the Prospectus Delivery Period of any post&#8209;effective amendment to the Registration Statement or the filing of any supplement or amendment to the U.S.
                  Preliminary Prospectus or the U.S. Prospectus, (b) the receipt of any comments from the SEC during the Prospectus Delivery Period, (c) any request by the SEC for any amendment to the Registration Statement or any amendment or supplement
                  to the U.S. Preliminary Prospectus or the U.S. Prospectus or for additional information, and (d) the issuance by the SEC of any stop order suspending the effectiveness of the Registration Statement or of any order preventing or suspending
                  the use of the U.S. Preliminary Prospectus or the U.S. Prospectus, or of the suspension of the qualification of the Notes for offering or sale in any jurisdiction, or of the initiation or threatening of any proceedings for any of such
                  purposes.&#160; The Corporation will promptly effect the filings necessary pursuant to the 1933 Act and will take such steps as it deems necessary to ascertain promptly whether the U.S. Preliminary Prospectus and the U.S. Prospectus
                  transmitted for filing with the SEC was received for filing by the SEC and, in the event that it was not, it will promptly file such document.&#160; The Corporation will use its reasonable best efforts to prevent the issuance of any stop order
                  and, if any stop order is issued, to obtain the lifting thereof at the earliest possible moment.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze6fcc5c65cf2477997c27d9d09010c49" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">During the Prospectus Delivery Period, the Corporation will give the Representatives notice of its intention to file or prepare any amendment to the Registration Statement,
                  or any amendment, supplement (including any prospectus supplement) or revision to the Disclosure Package or the U.S. Prospectus, whether pursuant to the 1933 Act, the 1934 Act or otherwise, will furnish the Representatives with copies of
                  any such documents a reasonable amount of time prior to such proposed filing or use, as the case may be, and will not file or use any such document to which the Representatives or counsel for the Underwriters shall reasonably object (it
                  being agreed that all references in this Agreement to information which is &#8220;contained,&#8221; &#8220;included&#8221; or &#8220;stated&#8221; (or other references of like import) in the Registration Statement, the Prospectus or the Preliminary Prospectus shall be
                  deemed to mean and include all such information which is or is deemed to be incorporated by reference in the Registration Statement, the Prospectus or the Preliminary Prospectus, as the case may be, prior to the Initial Sale Time; and all
                  references in this Agreement to amendments or supplements to the Registration Statement, the Prospectus or the Preliminary Prospectus shall be deemed to include the filing of any document under 1934 Act, which is or is deemed to be
                  incorporated by reference in the Registration Statement, the Prospectus or the Preliminary Prospectus, as the case may be, after the Initial Sale Time).</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">10</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8b78f7e8847d4b39ac9bf58fec7a9985" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.3</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall deliver or cause to be delivered (i) to the Representatives, without charge, a signed copy of the Registration Statement as originally filed and each
                  amendment thereto, in each case including all exhibits and consents filed therewith and documents incorporated by reference therein; and (ii) to each Underwriter (A) a conformed copy of the Registration Statement as originally filed with
                  the OSC and the SEC and each amendment thereto, in each case including all exhibits and consents filed therewith and (B) during the Prospectus Delivery Period, as many copies of the Canadian Prospectus, the Canadian Offering Memorandum
                  and the U.S. Prospectus (including all amendments and supplements thereto and documents incorporated by reference therein) and each Issuer Free Writing Prospectus as the Representatives may reasonably request.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za383510328b745118ecd7d18ad348225" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.4</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Preliminary Prospectus and the Prospectus and any amendments or supplements thereto furnished to the Underwriters will be identical to any electronically transmitted
                  copies thereof filed with the SEC or available on SEDAR.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za26acf2f5f744093a58131991e599294" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.5</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall deliver to each of the Underwriters, without charge, as many copies of the U.S. Preliminary Prospectus as such Underwriter may reasonably request, and
                  the Corporation hereby consents to the use of such copies for purposes permitted by the 1933 Act or the other Applicable Securities Laws. The Corporation will furnish to each Underwriter, without charge, during the Prospectus Delivery
                  Period, such number of copies of the U.S. Prospectus as such Underwriter may reasonably request.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2e4fcee827d9468cb492af7e5f9d8621" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.6</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation will comply with the 1933 Act and the 1934 Act so as to permit the completion of the distribution of the Notes as contemplated in this Agreement and in the
                  Registration Statement, the Disclosure Package and the U.S. Prospectus.&#160; If at any time during the Prospectus Delivery Period, any event shall occur or condition shall exist as a result of which it is necessary, in the opinion of counsel
                  for the Underwriters or for the Corporation, to amend the Registration Statement in order that the Registration Statement will not contain an untrue statement of a material fact or omit to state a material fact required to be stated
                  therein or necessary to make the statements therein not misleading or to amend or supplement the Disclosure Package or the U.S. Prospectus in order that the Disclosure Package or the U.S. Prospectus, as the case may be, will not include
                  an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the Initial Sale Time or at the time it is delivered or conveyed to a
                  purchaser, not misleading, or if it shall be necessary, in the opinion of either such counsel, at any such time to amend the Registration Statement or amend or supplement the Disclosure Package or the U.S. Prospectus in order to comply
                  with the requirements of any law, the Corporation will (1) notify the Representatives of any such event, development or condition and (2) promptly prepare and file with the SEC, such amendment or supplement as may be necessary to correct
                  such statement or omission or to make the Registration Statement, the Disclosure Package or the U.S. Prospectus comply with such law, and the Corporation will furnish to the Underwriters, without charge, such number of copies of such
                  amendment or supplement as the Underwriters may reasonably request.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">11</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5a57e68fadf94baa9be89a57a1ccd862" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.7</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">During the Prospectus Delivery Period, the Corporation shall file, on a timely basis, with the Canadian Securities Regulators, the Securities Commissions, the Exchange and
                  the NYSE all reports and documents required to be filed under the Applicable Securities Laws.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z15c35756feac4f7496789244ff4caa0a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.8</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">During the period commencing on the date hereof and ending on the date that is 13 days after the date hereof, the Corporation will not, without the prior written consent of
                  the Representatives (which consent may be withheld at the sole discretion of the Representatives), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open &#8220;put equivalent position&#8221;
                  within the meaning of Rule 16a-1(h) under the 1934 Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration statement under the 1933 Act in respect of, any debt securities of the Corporation similar
                  to the Notes or securities exchangeable for or convertible into debt securities similar to the Notes (other than as contemplated by this Agreement with respect to the Notes).</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd53177253c1a4aeda97e4bab3e503202" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.9</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation will prepare a final term sheet containing only a description of the Notes, in a form approved by the Underwriters and attached as Exhibit A hereto, and will
                  file such term sheet pursuant to Rule 433(d) under the 1933 Act within the time required by such rule (such term sheet, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Final Term Sheet</font>&#8221;).&#160; Any
                  such Final Term Sheet is an Issuer Free Writing Prospectus for purposes of this Agreement.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8eb4dcfe579548cb94e3758896663e42" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.10</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation represents that it has not made, and agrees that, unless it obtains the prior written consent of the Representatives, it will not make, any offer relating to
                  the Notes that would constitute an Issuer Free Writing Prospectus or that would otherwise constitute a &#8220;free writing prospectus&#8221; (as defined in Rule 405 under the 1933 Act) required to be filed by the Corporation with the SEC or retained
                  by the Corporation under Rule 433 under the 1933 Act; provided that the prior written consent of the Representatives shall be deemed to have been given in respect of any Issuer Free Writing Prospectuses included in Annex I to this
                  Agreement.&#160; Any such free writing prospectus consented to or deemed to be consented to by the Representatives is hereinafter referred to as a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Permitted
                    Free Writing Prospectus</font>.&#8221;&#160; The Corporation agrees that (i) it has treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus, and (ii) has complied and will comply, as
                  the case may be, with the requirements of Rules 164 and 433 under the 1933 Act applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the SEC, legending and record keeping.&#160; The Corporation
                  consents to the use by any Underwriter of a free writing prospectus that (a) is not an &#8220;issuer free writing prospectus&#8221; as defined in Rule 433 under the 1933 Act, and (b) contains only (i) information describing the preliminary terms of
                  the Notes or their offering, (ii) information permitted by Rule 134 under the 1933 Act or (iii) information that describes the final terms of the Notes or their offering and that is included in the Final Term Sheet of the Corporation
                  contemplated in Section 4.9. From the date of commencement of the distribution of the Notes to the date such distribution ceases, each Underwriter will not make use of any &#8220;bluesheet&#8221; or provide any other Marketing Materials in respect of
                  the Notes without the approval of the Corporation and BofA Merrill Lynch<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>and no &#8220;standard term sheet&#8221; (as defined in NI 41-101) in respect of the
                  Notes will be provided by them to any potential investors of the Notes without the approval of the Corporation and BofA Merrill Lynch.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">12</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9fed02e31fb247e09428d358fcdc2d7f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.11</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation agrees to pay the required OSC and SEC filing fees relating to the Notes and any other fees required by the Canadian Securities Regulators within the time
                  required by and in accordance with the Applicable Securities Laws.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z774ebaef70064b1c8a36e0aedff702b4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.12</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation has not taken and will not take, directly or indirectly, any action designed to cause or result in, or that has constituted or might reasonably be expected to
                  constitute, under the 1934 Act or otherwise, the stabilization or manipulation of the price of any securities of the Corporation to facilitate the sale or resale of the Notes.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z208e487dc2134bfcb19ea33d0d0850cb" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.13</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall apply the net proceeds received by it from the sale of the Notes substantially in the manner described under the caption &#8220;Use of Proceeds&#8221; in the
                  Preliminary Prospectus and the Prospectus.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z382baf5b33a44952912f7a520fd7cc5b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.14</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall use its best efforts to ensure that members of management are available to provide assistance to the Underwriters, as requested by the Underwriters,
                  with respect to the marketing of the Notes.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8ddfa2baafce45db8ac6ea7cc5270983" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.15</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall use commercially reasonable efforts to apply for listing of the Notes to be listed and posted for trading on the NYSE at the Time of Closing and to
                  cause such listing to become effective within 30 days after the Time of Closing.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE V</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOTICE OF MATERIAL CHANGE</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z948019a5e94742f9bb10d59af049e306" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">During the Prospectus Delivery Period, the Corporation shall promptly notify the Underwriters in writing of:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfdc6d06899114aa5a9091cdd57ee719e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any material fact that has arisen or has been discovered which would have been required to have been stated in the Disclosure Package, the Prospectus, the Canadian Offering
                  Memorandum or any Supplementary Material, as the case may be, had the fact arisen or been discovered on, or prior to, the date of such document; and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6d9e435a31874ac6bb06fe53f6986c2a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any change in a material fact in the Disclosure Package, the Prospectus, the Canadian Offering Memorandum or any Supplementary Material, as the case may be, or the existence
                  of any new material fact, which change or new material fact is, or may be of such a nature as:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf581a4f8f582421e92e80f83dc52b243" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to render the Disclosure Package, the Prospectus, the Canadian Offering Memorandum or the Supplementary Material misleading or untrue;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zebedbf7bc03c43b9a8e069e35603e6f9" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">would result in the Disclosure Package, the Prospectus, the Canadian Offering Memorandum or the Supplementary Material not complying with Applicable Securities Laws;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">13</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z908773a30e70459390f4492d80308a30" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">would reasonably be expected to have a significant adverse effect on the market price or value of the Notes or which would restrict or prevent the trading of the Notes; or</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zbe2b712c109d4b2091f7590ef2ecc20d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">would be material to a prospective purchaser of the Notes.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z953711674e304c8eba4c5263ec3959b0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In any such case described in Section 5.1(a), the Corporation shall promptly and, in any event within applicable time limitations set out in Applicable Securities Laws,
                  comply with all legal requirements necessary to comply with Applicable Securities Laws in order to allow for the continued distribution of the Notes as contemplated hereunder.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9aa33df257e74b72b9a7fd2585940cbd" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall in good faith discuss with the Underwriters any change in a fact or circumstance (actual, proposed or prospective) which is of such a nature that there
                  is reasonable doubt whether notice needs to be given to the Underwriters pursuant to this Section 5.1.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE VI</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE CORPORATION</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1e8cd361c238496a9baadf35bed27e48" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation hereby represents, warrants and covenants to each Underwriter, as of the date hereof, as of the Initial Sale Time and as of the Closing Date (each, a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Representation Date</font>&#8221;), that:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z01630550d9f540e884e3298b70d8f743" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation meets the general eligibility requirements for use of Form F-10 under the 1933 Act, and the rules and regulations of the SEC, has filed the Registration
                  Statement in respect of the Notes and has appointed an agent for service of process on Form F-X in connection with the filing of the Registration Statement.&#160; The Registration Statement has become effective under the 1933 Act and no stop
                  order suspending the effectiveness of the Registration Statement has been issued under the 1933 Act and no proceedings for that purpose have been instituted or are pending or, to the knowledge of the Corporation, are contemplated or
                  threatened by any of the Canadian Securities Regulators or any of the Securities Commissions, and any request on the part of any of the Canadian Securities Regulators or any of the Securities Commissions for additional information has
                  been complied with. In addition, the Indenture has been duly qualified under the Trust Indenture Act of 1939, as amended, and the rules and regulations promulgated thereunder (the &#8220;<font style="font-size: 10pt; font-family: 'Times New
                    Roman'; font-weight: bold;">Trust Indenture Act</font>&#8221;);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z828810775ab642738ac5e97e91a92624" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">at the respective times the Registration Statement and any post-effective amendments thereto became effective and at each Representation Date, the Registration Statement and
                  any amendments thereto complied and will comply in all material respects with the applicable requirements of Applicable Securities Laws; the Registration Statement as of its filing date did not contain any untrue statement of a material
                  fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading; and the Base Prospectus as supplemented by the Prospectus Supplement will not, as of the filing
                  date of the Prospectus Supplement or as of the Time of Closing, contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the
                  circumstances under which they were made, not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in
                  writing to the Corporation by or on behalf of any Underwriter through the Representatives specifically for inclusion in the Base Prospectus or the Prospectus Supplements, it being understood and agreed that the only such information
                  furnished by any Underwriter through the Representatives consists of the information described as such in the last paragraph of Section 1(a) of Schedule B hereto. The Preliminary Prospectus and the Prospectus, at the time each was or
                  hereafter is filed with the OSC and the applicable Securities Commissions, complied in all material respects with the Applicable Securities Laws, and the Preliminary Prospectus and the Prospectus delivered to the Underwriters for use in
                  connection with the offering of the Notes will, at the time of such delivery, be identical to any electronically transmitted copies thereof filed with the SEC or available on SEDAR;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">14</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6a19db988cf54523b7f5e0a4f6e9a070" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Canadian Preliminary Offering Memorandum as of its date did not contain any untrue statement of a material fact or omit to state any material fact required to be stated
                  therein or necessary in order to make the statements therein not misleading; and the Canadian Offering Memorandum will not, as of the date of the Canadian Offering Memorandum or as of the Time of Closing, contain any untrue statement of a
                  material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or
                  omissions made in reliance upon and in conformity with information furnished in writing to the Corporation by or on behalf of any Underwriter through the Representatives specifically for inclusion in the Canadian Preliminary Offering
                  Memorandum or the Canadian Offering Memorandum, it being understood and agreed that the only such information furnished by any Underwriter through the Representatives consists of the information described as such in the last paragraph of
                  Section 1(a) of Schedule B hereto;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb564d6a4ea8e4739aa0a8c1a33837c7b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation is eligible to use the Shelf Procedures and each of the Canadian Securities Regulators has issued or is deemed to have issued a receipt for the Canadian Base
                  Prospectus;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zdaa9a32e1c4e4c869f23f41a4a9731d2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">as of the Initial Sale Time, the Disclosure Package did not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the
                  statements therein, in the light of the circumstances under which they were made, not misleading.&#160; The preceding sentence does not apply to statements in or omissions from the Disclosure Package based upon and in conformity with written
                  information furnished to the Corporation by any Underwriter through the Representatives specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter through the Representatives
                  consists of the information described as such in the last paragraph of Section 1(a) of Schedule B hereto;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">15</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc30d07d755324be2996e6af41ffd9473" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the documents incorporated or deemed incorporated by reference in the Registration Statement, the Canadian Base Prospectus, the Preliminary Prospectus, the Canadian
                  Preliminary Offering Memorandum, the Prospectus and the Canadian Offering Memorandum, that have not been superseded or modified, (i) when they were, including any amendment or supplement, or hereafter are filed with the Canadian
                  Securities Regulators or the SEC, as applicable, complied or will comply in all material respects to the requirements of the Applicable Securities Laws; and (ii) when read together with the other information in the Disclosure Package, at
                  the Initial Sale Time, and when read together with the other information in the Prospectus and the Canadian Offering Memorandum, as applicable, at the date of the Prospectus and the Canadian Offering Memorandum, as applicable, and at the
                  Closing Date, did not or will not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
                  misleading;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9371ea4959b24a06a3b3b7f6869bf6d0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">(i) at the time of filing the Registration Statement and (ii) as of the execution of this Agreement (with such date being used as the determination date for purposes of this
                  clause (ii)), the Corporation was not and is not an Ineligible Issuer (as defined in Rule 405 under the 1933 Act), without taking account of any determination by the SEC pursuant to Rule 405 under the 1933 Act that it is not necessary
                  that the Corporation be considered an Ineligible Issuer;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z34865095d30347d0b9c49bd3eef84558" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">each Issuer Free Writing Prospectus, as of its issue date and at all subsequent times through the completion of the offering of Notes under this Agreement or until any
                  earlier date that the Corporation notified or notifies the Representatives as described in the next sentence, did not, does not and will not include any information that conflicted, conflicts or will conflict with the information
                  contained in the Registration Statement, the Preliminary Prospectus or the Prospectus, including any document incorporated by reference therein that has not been superseded or modified.&#160; If at any time following issuance of an Issuer Free
                  Writing Prospectus there occurred or occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted or would conflict with the information contained in the Registration Statement, the Preliminary
                  Prospectus or the Prospectus, the Corporation has promptly notified or will promptly notify the Representatives and has promptly amended or supplemented or will promptly amend or supplement, at its own expense, such Issuer Free Writing
                  Prospectus to eliminate or correct such conflict.&#160; The foregoing two sentences do not apply to statements in or omissions from any Issuer Free Writing Prospectus based upon and in conformity with written information furnished to the
                  Corporation by any Underwriter through the Representatives specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter through the Representatives consists of the information
                  described as such in the last paragraph of Section 1(a) of Schedule B hereto;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">16</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2a30da0d0ac342969841b4ef4e3a03de" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has not distributed and will not distribute, prior to the later of the Closing Date and the completion of the Underwriters&#8217; distribution of the Notes, any
                  offering material in connection with the offering and sale of the Notes other than the Registration Statement, the Preliminary Prospectus, the Canadian Preliminary Offering Memorandum, the Prospectus, the Canadian Offering Memorandum, any
                  Issuer Free Writing Prospectus reviewed and consented to by the Representatives and included in Annex I hereto or any electronic road show or other written communications reviewed and consented to by the Representatives and listed on
                  Annex II hereto (each, a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Corporation Additional Written Communication</font>&#8221;).&#160; Each such Corporation Additional Written Communication, when taken
                  together with the Disclosure Package, did not, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the
                  circumstances under which they were made, not misleading.&#160; The preceding sentence does not apply to statements in or omissions from the Corporation Additional Written Communication based upon and in conformity with written information
                  furnished to the Corporation by any Underwriter through the Representatives specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter through the Representatives consists of
                  the information described as such in the last paragraph of Section 1(a) of Schedule B hereto;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc4d3df3d73a54157a3379d4da90a6095" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(j)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">there are no persons with registration or other similar rights to have any equity or debt securities registered for sale under the Registration Statement or included in the
                  offering contemplated by this Agreement, except for such rights as have been duly waived;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z86b1d2d8a85b4b6ea8bd4260b49d01c3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(k)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">this Agreement has been duly authorized, executed and delivered by the Corporation and constitutes a valid and binding agreement of the Corporation, enforceable against the
                  Corporation in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies
                  of creditors or by general equitable principles;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za35edbcc15bf416f87479457e8497b2a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(l)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Base Indenture has been duly authorized, executed and delivered and has been duly qualified under the Trust Indenture Act, and the Second Supplemental Indenture has been
                  duly authorized, and on the Closing Date will be duly executed and delivered by the Corporation and will constitute a valid and binding agreement of the Corporation, enforceable against the Corporation in accordance with its terms, except
                  as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles;
                  and the Conversion Preferred Shares (as defined, and issuable in the circumstances described, in the Registration Statement, the Disclosure Package and the Prospectus) have been duly authorized by the Corporation out of its authorized and
                  unissued preferred share capital, free from pre-emptive and other rights, and, if and when issued, such Conversion Preferred Shares will be validly issued and will be outstanding as fully paid and nonassessable preferred shares;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">17</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb2f59c18121741a0b4ac7a19e4ee17d0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(m)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Notes to be purchased by the Underwriters from the Corporation are in the form contemplated by the Indenture, have been duly authorized for issuance and sale pursuant to
                  this Agreement and the Indenture and, at the Closing Date, will have been duly executed by the Corporation and, when authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor,
                  will constitute valid and binding obligations of the Corporation, enforceable in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or
                  other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles, and will be entitled to the benefits of the Indenture;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf087524061ff4a669b5f797f5cdc1e2b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(n)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Conversion Preferred Shares, the Notes and the Indenture conform, or will as of the Time of Closing conform, as applicable, in all material respects to the descriptions
                  thereof contained in the Disclosure Package and the Prospectus;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z16c1df4a941b41e6993d67acc392754c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(o)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Ernst &amp; Young LLP, who have expressed their opinion with respect to the audited consolidated financial statements for the fiscal years ended December 31, 2018 and 2017,
                  included or incorporated by reference in the Registration Statement, the Disclosure Package, the Canadian Offering Memorandum and the Prospectus, are, with respect to the Corporation, independent chartered accountants, within the meaning
                  of Canadian Securities Laws, and independent public accountants, within the meaning of the 1933 Act and 1934 Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z50b7d2f23a5a4941bd13570a7cc3a822" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(p)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Deloitte, S.L. and Ernst &amp; Young, S.L., in its former and current capacity, respectively, as auditor of the financial and accounting information related to Atlantica
                  included or incorporated by reference in the Registration Statement, the Disclosure Package, the Canadian Offering Memorandum and the Prospectus, are, with respect to Atlantica, independent chartered accountants, within the meaning of
                  Canadian Securities Laws, and independent public accountants, within the meaning of the 1933 Act and 1934 Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z43375aeafae94f1a9cc739cdacac5d62" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(q)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has been advised of the rules and requirements under the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder (the
                  &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Investment Company Act</font>&#8221;).&#160; The Corporation is not, and, after receipt of payment for the Notes and the application of the proceeds thereof as
                  contemplated under the caption &#8220;Use of Proceeds&#8221; in the Disclosure Package and the Prospectus, will not be, required to register as an &#8220;investment company&#8221; within the meaning of the Investment Company Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">18</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z981c3f1034a341da8644b7f692eb38a6" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(r)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has been duly organized and is validly existing as a corporation under the laws of Canada and has all requisite power and authority to own its properties and
                  assets, and to carry on its undertaking, including issuing the Notes, as contemplated hereby, and is qualified to own its properties and assets and to carry on its undertaking in all jurisdictions where it owns property and assets and
                  carries on its activities and to enter into and perform its obligations under this Agreement. All necessary corporate action has been taken by the Corporation to authorize the delivery of the Prospectus and the Disclosure Package and the
                  filing thereof, as the case may be, with the OSC or the SEC under the Applicable Securities Laws;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z38b4a983977045d79ef64a8803e0b57a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(s)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation is, and will at the Time of Closing be, a reporting issuer in each of the provinces of Canada not in default of any requirement under Applicable Securities
                  Laws. In particular, without limiting the foregoing, no material change relating to the Corporation has occurred with respect to which the requisite material change report has not been filed on a non-confidential basis with all relevant
                  securities regulatory authorities (unless originally filed on a confidential basis and subsequently made non-confidential);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z693a511210d24c48aaa08c3ac595d044" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(t)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation is qualified in accordance with the provisions of NI 44-101 and NI 44-102 to file a short form base shelf prospectus in each of the provinces of Canada and
                  the Final Receipt continues to be effective pursuant to NI 44-102;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6219e8f394c347aea42cb748dd6c5ea2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(u)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as contemplated hereby and as otherwise disclosed in the Disclosure Package and the Prospectus, no person, firm or corporation, as of the date hereof, has any
                  agreement or option with the Corporation, or any right or privilege (whether pre-emptive or contractual) capable of becoming an agreement or option with the Corporation, for the purchase, subscription or issuance of any Notes or
                  Conversion Preferred Shares;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z52c99151bcdb47de9a3bbf112ca6847a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has not withheld, and will not withhold, from the Underwriters any facts relating to the Corporation or to the Offering that would be material to a
                  prospective purchaser of the Notes;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zcbae8cb7b7a94bdab47cbb0703b77c7c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(w)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as otherwise disclosed in the Disclosure Package and the Prospectus, the Corporation, and, to the knowledge of the Corporation, each of the Algonquin Entities: (A) has
                  conducted and is conducting its business in compliance with all applicable laws, rules and regulations of each jurisdiction in which its business is carried on, except for noncompliance that would not individually or in the aggregate have
                  a Material Adverse Effect; and (B) holds all necessary licenses, Permits, approvals, consents, certificates, registrations and authorizations (whether governmental, regulatory or otherwise) to enable its business to be carried on as now
                  conducted and its property and assets to be owned, leased and operated (as now operated), and the same are validly existing and in good standing, and, except as disclosed in the Prospectus and the Disclosure Package, none of the same
                  contains any term, provision, condition or limitation which has or may have a Material Adverse Effect;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">19</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za0fbf7d204404711a845521f98a09201" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(x)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the authorized capital of the Corporation consists of an unlimited number of common shares and an unlimited number of preferred shares, issuable in one or more series;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze14bb69b5e724a9cbc65005f8064af8e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(y)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">no consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or regulatory authority or agency is required for the
                  Corporation&#8217;s execution, delivery or performance of this Agreement or consummation of the transactions contemplated hereby, by the Disclosure Package, by the Prospectus or by the Canadian Offering Memorandum, except (i) such as have been
                  obtained or made by the Corporation and are in full force and effect under the Applicable Securities Laws or blue sky laws and from the Financial Industry Regulatory Authority (the &#8220;<font style="font-size: 10pt; font-family: 'Times New
                    Roman'; font-weight: bold;">FINRA</font>&#8221;) and (ii) such customary post-closing filings that will be required with the Canadian Securities Regulators in connection with sales pursuant to the Canadian Offering Memorandum;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb2a4aecdf42d41c4981ec1b6e8512cd4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(z)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the execution and delivery of this Agreement by the Corporation, the fulfillment of the terms hereof by the Corporation, and the issuance, sale and delivery of the Notes at
                  the Time of Closing do not and will not result in, and do not and will not create a state of facts which, after notice or lapse of time or both, will result in:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z45558d88f20c4b03bcc1a42a5cfa9f6f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a breach or violation of, and do not and will not conflict with, any of the terms, conditions or provisions of the articles, by-laws or other constating documents of the
                  Corporation or the Algonquin Entities, or resolutions of their respective shareholders or directors (or any committee thereof);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zaf874c17f2ce48158a21410ea05652f8" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a breach of or default or Debt Repayment Triggering Event under any indenture, agreement or instrument to which the Corporation or any of its subsidiaries is a party or by
                  which the Corporation or any of its subsidiaries will be contractually bound at the Time of Closing, except for such breaches or defaults that would not individually or in the aggregate have a Material Adverse Effect; or</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z11990e0af3954e96b9d15ac4974a5fcd" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any violation of any statute, law, rule, regulation or judgment, order or decree of any governmental body, agency or court having jurisdiction over the Corporation or any of
                  its subsidiaries, except for such violations that would not, individually or in the aggregate, result in a Material Adverse Effect;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc0a50d5653ff47119bee94e502dd7a91" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(aa)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as otherwise disclosed in the Prospectus and the Disclosure Package, there is no action, proceeding or investigation (whether or not purportedly on behalf of the
                  Corporation, respectively), to the knowledge of the Corporation, pending or threatened against or affecting the Corporation or any of the Algonquin Entities, at law or in equity or before or by any federal, provincial, state, municipal or
                  other governmental department, commission, board or agency, domestic or foreign, which could in any way, individually or in the aggregate, have a Material Adverse Effect or which questions the validity of the issuance of the Notes or of
                  any action taken or to be taken by the Corporation pursuant to or in connection with this Agreement;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">20</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd6891cc2cf104c13bf982a88b2efafae" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(bb)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">each of the Algonquin Entities (i) has been duly incorporated or otherwise formed and organized, (ii) is validly existing under the laws of its jurisdiction of incorporation,
                  formation or organization, (iii) has all requisite capacity and authority to own, lease and operate its property and assets and to carry on its business, and (iv) is in good standing in each jurisdiction in which the conduct of its
                  business or the ownership, leasing or operation of its property and assets requires such qualification;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z82f59df9b3374e4b8053b07c4c820bd5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(cc)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">all of the issued and outstanding shares or equity interests of each of the Algonquin Entities have been duly authorized and validly issued, are fully paid and non-assessable
                  and, except as otherwise disclosed in the Disclosure Package and the Prospectus, are owned by the Corporation, directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or claim, except
                  for any such security interests, mortgages, pledges, liens, encumbrances or claims that do not, individually or in the aggregate, have a Material Adverse Effect;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z175207d1fabd49edbd1f1c975511648b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(dd)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the audited consolidated financial statements of the Corporation, including the auditors&#8217; report and notes in respect thereof, the unaudited interim consolidated financial
                  statements and notes in respect thereof and the unaudited comparative consolidated financial statements and notes in respect thereof, if any, incorporated by reference into the Registration Statement, the Disclosure Package and the
                  Prospectus are complete and correct in all material respects, comply as to form with the accounting requirements of the Applicable Securities Laws, have been prepared in accordance with generally accepted accounting principles in the
                  United States consistently applied and present fairly the consolidated financial position of the Corporation as at the date and for the periods stated therein. Any selected financial data of the Corporation set forth in the Registration
                  Statement, the Prospectus or the Disclosure Package presents fairly, on the basis stated therein, the financial data as at and for the period referenced therein;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z28d7eaf4713e4c178ab19dcaecca5a2c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ee)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the unaudited <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">pro forma</font> consolidated balance sheet and consolidated statements of
                  operations of the Corporation and the related notes thereto incorporated by reference into the Registration Statement, the Disclosure Package and the Prospectus fairly present the <font style="font-size: 10pt; font-family: 'Times New
                    Roman'; font-style: italic;">pro forma</font> consolidated financial position, results of operations and earnings of the Corporation as at the dates and for the periods indicated after giving effect to the transactions and assumptions
                  described in the related notes thereto and do not contain a misrepresentation. Such unaudited <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">pro forma </font>consolidated financial statements have
                  been compiled in accordance with rules set forth under Applicable Securities Laws with respect to the preparation of <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">pro forma</font> financial statements
                  and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and assumptions referred to therein;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">21</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze71a116169ed4297ad76bed2407b77eb" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ff)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to the knowledge of the Corporation, the audited and interim consolidated financial statements of Atlantica incorporated by reference into the Registration Statement, the
                  Prospectus and the Disclosure Package, have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and present fairly the consolidated financial position of
                  Atlantica and its subsidiaries as at the date and for the periods stated therein;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z58235cbafc524133b2b5aa25b950d9f5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(gg)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">other than as set forth in the Registration Statement, the Disclosure Package and the Prospectus, pursuant to indemnities granted in favor of the directors and officers of
                  the Corporation and/or entities affiliated with the Corporation or pursuant to guarantees and indemnities granted in favor of the Corporation and/or entities affiliated with the Corporation or guarantees or indemnities granted in
                  connection with acquisitions of assets or construction of facilities by the Corporation or its subsidiary entities and debt or tax equity financings therefor, or guarantees or indemnities granted in connection with any existing senior
                  credit facility and, except as entered into in the normal course of business, including with respect to normal course hedging, supply and purchase contracts, none of the Corporation, the Algonquin Companies, the Algonquin Trusts and, to
                  the knowledge of the Corporation, the Algonquin Partnerships: (i) is a party to or bound by any material agreement of guarantee, indemnification, assumption, endorsement or similar commitment relating to the obligations, liabilities
                  (contingent or otherwise) or indebtedness of any other person, firm or corporation; or (ii) is subject to any such material agreement, commitment or indebtedness, nor is any of their respective assets or undertaking;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z050cababb55d4ddfb3c330fed24b9656" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(hh)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">to the knowledge of the Corporation, each of the Algonquin Entities has made all registrations or filings required by applicable laws to create or maintain its status as a
                  corporation, partnership or trust, whichever the case may be;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z46285ee0e95d444b9adb38b44e6dcd18" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as set forth in each of the Registration Statement, the Disclosure Package and the Prospectus, or except as would not, individually or in the aggregate, reasonably be
                  expected to have a Material Adverse Effect, the Corporation and each of the Algonquin Entities, respectively: (i) are in compliance with Environmental Laws; (ii) have received and are in compliance with all permits, licenses or other
                  approvals required of them under applicable Environmental Laws to conduct their respective businesses; (iii) have not received notice from any governmental agency or any written notice from any third party of any actual or potential
                  liability under Environmental Laws for the investigation or remediation of any disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants or regarding any actual or potential violation of Environmental
                  Laws; and (iv) are not the subject of any claim, action or cause of action filed with a court or government authority or the subject of any investigation under Environmental Laws, including for potential liability for investigatory costs,
                  clean-up costs, property damages, personal injuries, attorney&#8217;s fees or penalties arising out of, based on or resulting from the presence, or release into the environment, of any hazardous or toxic substance or waste at any location.
                  Except as set forth in the Registration Statement, the Prospectus and the Disclosure Package, neither the Corporation nor any of its subsidiaries, has been named as a &#8220;potentially responsible party&#8221; under the United States <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Comprehensive Environmental Response, Compensation, and</font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Liability Act</font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">of 1980</font>, as amended, or under any similar Canadian legislation;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">22</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd7ef3052c9dd4adb96b6d6e01ed7cc44" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(jj)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as set forth in the Registration Statement, the Prospectus and the Disclosure Package, or except as would not, individually or in the aggregate, have a Material
                  Adverse Effect, each facility and project in which the Corporation has an economic interest as described in the Registration Statement, the Prospectus or the Disclosure Package (the &#8220;<font style="font-size: 10pt; font-family: 'Times New
                    Roman'; font-weight: bold;">Facilities</font>&#8221;) is in possession of all Permits required under existing law for the existing state of the construction and/or operation of the Facility and each such Permit has been obtained, is in full
                  force and effect and to the knowledge of the Corporation, does not require amendment. To the knowledge of the Corporation, except as disclosed in the Registration Statement, the Prospectuses and the Disclosure Package, each of the parties
                  identified in the Registration Statement, the Prospectus or the Disclosure Package, as the owner of each Facility is the absolute beneficial owner of, and has good and marketable title to, all of the material assets of such Facilities as
                  set forth in each of the Registration Statement, the Prospectus or the Disclosure Package;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z453420ca2d1846ef96f7f324b26f2dd1" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(kk)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as otherwise set forth in the Prospectus and the Disclosure Package, or except as would not, individually or in the aggregate, have a Material Adverse Effect, all of
                  the Facilities (and all buildings and other appurtenances related thereto) are insured against all loss from damages by hazards or risks normally insured against in accordance with industry practice, with reasonable deductibles;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze6938def9de547b8bb587e28e165e5db" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ll)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">there has not been any reportable event (as defined in NI 51-102) with the auditors of the Corporation;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z49019311dd0c4fe0bddb8637a51baf93" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(mm)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">other than as disclosed in the Prospectus and the Disclosure Package, since January 1, 2018, the Corporation has not completed and has not announced any intention to complete
                  any &#8220;significant acquisition&#8221; (as determined pursuant to NI 51-102);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z13e5320c14fc404798edbb06ab21b070" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(nn)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">other than as disclosed in the financial statements referred to in Section 6.1(dd), there are no material off-balance sheet transactions, arrangements, obligations (including
                  contingent obligations) or other relationships of the Corporation or any of its subsidiaries with unconsolidated entities or other persons that may have a material current or future effect on the Corporation or its subsidiaries (taken as
                  a whole) or on the liquidity, capital expenditures, capital resources, or significant components of revenues or expenses of the Corporation and its subsidiaries (taken as a whole);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb70d20f78f2246fd973caaab383ac2c0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(oo)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation is not in violation of its constating documents, and each of the Algonquin Entities is not in violation of its constating documents in any material respect;
                  and neither the Corporation nor any of the Algonquin Entities is in default in the performance or observation of any obligation, agreement, covenant, or condition contained in any contract, indenture, mortgage, loan agreement, note or
                  other instrument (a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Contract</font>&#8221;) to which it is a party or by which it may be bound or to which any of its properties or assets is subject
                  which default, individually or in the aggregate, has or may have a Material Adverse Effect;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">23</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z572c4ca25d98439c9bddfefd515f3a38" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(pp)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has no knowledge of any default, or any circumstance which with the giving of notice or lapse of time (or both) would give rise to a default, by any person
                  who is a party to any Material Contract with the Corporation or any of the Algonquin Entities, except for such defaults which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc51d21947b7045dd9eecf66931936311" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(qq)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">except as has been disclosed in the Registration Statement, the Disclosure Package and the Prospectus, subsequent to December 31, 2018, (i) neither the Corporation nor any of
                  its subsidiaries has sustained any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree,
                  except for such loss or interference which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, and (ii) there has not been any material adverse change, actual or, to the knowledge of the
                  Corporation, threatened, in the capital, assets, liabilities (absolute, accrued, contingent or otherwise), earnings, business, operations or condition (financial or otherwise) or results of the operations of the Corporation and its
                  subsidiaries (taken as a whole) (any such change is called a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Material Adverse Change</font>&#8221;);</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2b33763cbe86401193a9f3f399272611" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(rr)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">no lender to the Corporation or any of its subsidiaries has reduced, or has given notice to the Corporation or any of its subsidiaries, or has commenced negotiations with the
                  Corporation or any of its subsidiaries regarding the reduction of any material credit facility, material hedge facility or any other material commitment with the Corporation or any of its subsidiaries and, to the knowledge of the
                  Corporation, each of the Corporation&#8217;s lenders will be able to fulfill its obligations and other commitments to the Corporation or any of its subsidiaries;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z400ff074864743b2bac7e7bf3e16bf54" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ss)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation and each of its subsidiaries (taken as a whole) maintains a system of internal accounting controls sufficient to provide reasonable assurances that: (i)
                  transactions are executed in accordance with management&#8217;s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with United States generally accepted
                  accounting principles and to maintain accountability for assets; (iii) access to its assets is permitted only in accordance with management&#8217;s general or specific authorization; (iv) the recorded accountability for assets is compared with
                  existing assets at reasonable intervals and appropriate action is taken with respect to differences; and (v) material information relating to it is made known to those within the Corporation or such subsidiary responsible for the
                  preparation of the financial statements during the period in which the financial statements have been prepared and that such material information is disclosed to the public within the time periods required by Applicable Securities Laws;
                  except as disclosed in the Disclosure Package and the Prospectus, since the end of the Corporation&#8217;s most recent audited fiscal year, there has been (i) no material weakness in the Corporation&#8217;s internal control over financial reporting
                  (whether or not remediated) and (ii) no change in the Corporation&#8217;s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Corporation&#8217;s internal control over financial
                  reporting;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">24</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd58a987e4a78434dbf9d7f3c0885273d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(tt)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation maintains &#8220;disclosure controls and procedures&#8221; (as such term is defined in Rule 13a-15(e) under the 1934 Act) that comply with the requirements of the 1934
                  Act; and such disclosure controls and procedures have been designed to ensure that material information relating to the Corporation and its subsidiaries is made known to the Corporation&#8217;s principal executive officer and principal
                  financial officer by others within those entities to allow timely decisions regarding disclosure; and such disclosure controls and procedures are effective to perform the functions for which they were established to the extent required by
                  Rule 13a-15 under the 1934 Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze5e31bd71c2b41a3b56cc999b2673703" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(uu)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">other than as disclosed in the Disclosure Package and the Prospectus: (i) the Corporation and each subsidiary has, on a timely basis, filed all necessary tax returns and
                  notices and has paid or made provision for all applicable taxes of whatever nature for all tax years to the date hereof to the extent such taxes have become due or have been alleged to be due, except to the extent that the failure to do
                  any of the foregoing would not reasonably be expected to have a Material Adverse Effect; and (ii) the Corporation is not aware of any tax deficiencies or interest or penalties accrued or accruing or alleged to be accrued or accruing,
                  thereon with respect to itself or any subsidiary which have not otherwise been provided for by the Corporation, except to the extent that any such deficiency, interest or penalty would not, individually or in the aggregate, reasonably be
                  expected to have a Material Adverse Effect;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z0f98e594eaab4dd998195591c7fb9530" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vv)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">none of the Corporation, any of its subsidiaries or, to the knowledge of the Corporation, any director, officer, agent, employee or affiliate of the Corporation or any of its
                  subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of either (i) the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the
                  &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FCPA</font>&#8221;), including, without limitation, making use of the mail or any means or instrumentality of interstate commerce corruptly in furtherance of an
                  offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any &#8220;foreign official&#8221; (as such term is defined in the FCPA) or
                  any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA or (ii) the U.K. Bribery Act 2010 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight:
                    bold;">Bribery Act</font>&#8221;), and the Corporation, its subsidiaries and, to the knowledge of the Corporation, its affiliates have conducted their businesses in compliance with the FCPA and the Bribery Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za9a4a11dd2264fc6894c4aa32c9bbba1" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ww)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">none of the Corporation, any of its subsidiaries or, to the knowledge of the Corporation, any director, officer, agent, employee, affiliate or representative of the
                  Corporation or any of its subsidiaries is currently the subject or the target of any sanctions administered or enforced by the U.S. Government, including, without limitation, the U.S. Department of the Treasury&#8217;s Office of Foreign Assets
                  Control, the United Nations Security Council, the European Union, Her Majesty&#8217;s Treasury, or other relevant sanctions authority (collectively, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Sanctions</font>&#8221;),





                  nor is the Corporation located, organized or resident in a country or territory that is the subject of Sanctions; and the Corporation will not directly or indirectly use the proceeds of the offering of the Notes hereunder, or lend,
                  contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund any activities of or business with any person or entity, or in any country or territory, that, at the time
                  of such funding, is the subject of&#160; Sanctions or (ii) in any other manner that will result in a violation by any person or entity (including any person or entity participating in the transaction, whether as underwriter, advisor, investor
                  or otherwise) of Sanctions;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">25</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z165855e8065f458e9cceee54c6665971" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(xx)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the operations of the Corporation and its subsidiaries are and have been conducted at all times in compliance in all material respects with applicable financial recordkeeping
                  and reporting requirements of the U.S. Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar
                  rules, regulations or guidelines issued, administered or enforced by any governmental agency in jurisdictions where the Corporation and its subsidiaries conduct business (collectively, the &#8220;<font style="font-size: 10pt; font-family:
                    'Times New Roman'; font-weight: bold;">Anti-Money Laundering Laws</font>&#8221;) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Corporation or any of its
                  subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Corporation, threatened;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za60ac9be72a1463791b1f7410015a382" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(yy)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">(i) except as disclosed in the Disclosure Package and the Prospectus, (x) there has been no security breach or other compromise of or relating to any of the Corporation&#8217;s or
                  its subsidiaries&#8217; information technology and computer systems, networks, hardware, software, data (including the data of their respective customers, employees, suppliers, vendors and any third party data maintained by or on behalf of
                  them), equipment or technology (collectively, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">IT Systems and Data</font>&#8221;) which would reasonably be expected to have a Material Adverse Effect, and (y)
                  the Corporation and its subsidiaries have not been notified of, and have no knowledge of, any security breach or other compromise to their IT Systems and Data that would reasonably be expected to result in a Material Adverse Effect; and
                  (ii) the Corporation and its subsidiaries are presently in compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal
                  policies and contractual obligations relating to the privacy and security of IT Systems and Data and to the protection of such IT Systems and Data from unauthorized use, access, misappropriation or modification, except as would not, in
                  the case of this clause (ii), individually or in the aggregate, have a Material Adverse Effect; and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z12d7eb3895f94fc0a192966b9b1f28e1" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(zz)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">no Canadian Securities Regulator or similar regulatory authority or the Exchange or the NYSE or the SEC has issued any order which is currently outstanding preventing or
                  suspending trading in any securities of the Corporation, and no such proceeding is, to the knowledge of the Corporation, pending, contemplated or threatened.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">26</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE VII</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CONDITIONS OF CLOSING</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zde67558011a3494f9c595707b1793b29" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The obligations of the several Underwriters to purchase and pay for the Notes, as provided herein on the Closing Date will be conditional upon and subject to the accuracy of
                  the representations and warranties on the part of the Corporation set forth in Section 6.1 hereof as of each Representation Date, as though then made, and to each of the following conditions being fulfilled at or prior to the Time of
                  Closing, which conditions the Corporation covenants to exercise its reasonable best efforts to have fulfilled at or prior to the Time of Closing and which conditions in paragraphs (c), (d), (e), (f), (g), (h) and (i) may be waived in
                  writing in whole or in part by the Representatives:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6eb5b1d14d3d43f48d643c09e853bf2f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Registration Statement shall have become effective under the 1933 Act and no stop order suspending the effectiveness of the Registration Statement shall have been issued
                  under the 1933 Act and no proceedings for that purpose shall have been instituted or be pending or threatened by the SEC or any Canadian Securities Regulator, any request on the part of the SEC for additional information shall have been
                  complied with to the reasonable satisfaction of counsel to the Underwriters and the Corporation shall not have received from the SEC any notice objecting to use of the registration statement under Form F-10 or the Canadian Base
                  Prospectus, as applicable.&#160; The Preliminary Prospectus and the Prospectus shall have been filed with the SEC and the OSC, as applicable, and the Corporation shall have made or obtained all other necessary filings, approvals, consents and
                  acceptances of the OSC and the appropriate Securities Commissions, the Exchange and the NYSE required to be made or obtained by the Corporation prior to the Time of Closing in order to complete the Offering as herein contemplated, it
                  being understood that the Underwriters shall do all that is required, acting reasonably, to assist the Corporation to fulfill this condition;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z587092066ca5480295637219b8e28e9f" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the directors of the Corporation shall have authorized and approved this Agreement, the Indenture, the issuance of the Notes, and all matters relating thereto, it being
                  hereby represented by the Corporation that such authorization and approval will be obtained prior to the Time of Closing;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1a2d6745d87044dbaa6ff879718c35d7" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">it shall be the case that, and the Corporation will deliver to the Underwriters a certificate of the Corporation and signed on behalf of the Corporation by the Chief
                  Executive Officer or an executive officer of the Corporation and the Chief Financial Officer of the Corporation (or such officers of the Corporation as may be acceptable to the Representatives) addressed to the Underwriters and dated the
                  Closing Date, in form satisfactory to the Representatives, certifying that:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd3a00b09de454c8a94ae5f55d9d16c54" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Prospectus is true and correct in all material respects and contains no misrepresentation;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z16c8b3326aeb4ef3bd623b6744cfc9e2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">no Material Adverse Change has occurred and no transaction out of the ordinary course of business and of a nature material to the Corporation has been entered into or is
                  pending since the date of the Prospectus;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">27</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1a5d5b3ae72748faa102414c2dcf2f97" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">no stop order or other order, ruling or determination having the effect of prohibiting the sale of the Notes or suspending the effectiveness of the Registration Statement has
                  been issued, and, to the best knowledge, information and belief of the persons signing such certificate, no proceedings for such purpose are contemplated or threatened;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze91bb90770774e8da763d74e567ef486" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has not received from the SEC any notice pursuant to Rule 401(g)(2) under the 1933 Act objecting to use of the Form F-10 registration statement form;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6e7eeb89d5b848f2a070f54dafc4c36b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation is a &#8220;reporting issuer&#8221; in each of the provinces of Canada not in default of any requirement under Canadian Securities Laws, is eligible in accordance with
                  the provisions of NI 44-101 and NI 44-102 to file a short form base shelf prospectus with the Canadian Securities Regulators at the respective times of filing and there is no material change in the affairs of the Corporation which
                  presently requires disclosure under the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Securities Act</font> (Ontario), and other securities laws to which the Corporation is subject, which has not been
                  so disclosed and no such disclosure has been made on a confidential basis;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z0b71f8cebcbf48d79d6b74b88c2240b7" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vi)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation has complied with all agreements, covenants, terms and conditions of this Agreement on its part to be complied with or satisfied at or prior to the Time of
                  Closing;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze0206528e75b44d4b18b5d00746f3867" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">each of the Corporation&#8217;s representations and warranties contained herein is true and correct as of the Time of Closing as though expressly made as of the Time of Closing;
                  and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2be46a48cd22421d8d1fa0583d64c980" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(viii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">such other matters of a factual nature as the Underwriters and the Underwriters&#8217; counsel may request, acting reasonably;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf43f7f54245f4b17bdf9595e90ff73c3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">there shall not have occurred any downgrading in or withdrawal of, nor shall any notice have been given of any intended or potential downgrading or withdrawal or of any
                  review for a possible change that does not indicate the direction of the possible change, the rating accorded any securities of the Corporation or any of its subsidiaries by any &#8220;nationally recognized statistical rating organization&#8221; as
                  such term is defined in Section 3(a)(62) of the 1934 Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z291cad0f73e5443b98eff2d4e4b2a7a1" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Representatives shall have received the favorable opinions of (i) Gibson, Dunn &amp; Crutcher LLP, U.S. counsel to the Corporation, as to the laws of the United States
                  and the State of New York applicable therein, and (ii) Blake, Cassels &amp; Graydon LLP, counsel to the Corporation, as to the laws of Ontario and the other Canadian Private Placement Provinces, if applicable (and in reliance on or
                  delivery of local agent opinions in respect of the Provinces of Saskatchewan and Nova Scotia), and the laws of Canada applicable therein, each dated as of the Closing Date and addressed to the Underwriters, with respect to such matters as
                  may be reasonably requested by the Underwriters;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">28</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4996656c0a324389b58a96abfcff2a83" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Representatives shall have received the favorable opinions of (i) Cravath, Swaine &amp; Moore LLP, U.S. counsel to the Underwriters, and (ii) Bennett Jones LLP, Canadian
                  counsel to the Underwriters, each dated as of the Closing Date and addressed to the Underwriters, with respect to such matters as may be reasonably requested by the Underwriters;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zbdd6f115755b40e2b86dcbb8918c5ca2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">on the date hereof, the Representatives shall have received from:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z429c3f3382234fa185f50cff107ad028" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Ernst &amp; Young LLP, independent registered public accountants for the Corporation, a letter dated the date hereof addressed to the Underwriters, in form and substance
                  satisfactory to the Representatives with respect to the audited and unaudited financial statements and certain financial information of the Corporation contained in the Registration Statement, the Disclosure Package and the Prospectus;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf4934cbe51d64fd0bc86ec74d1cf1790" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Deloitte, S.L., former independent registered public accountants for Atlantica, a letter dated the date hereof addressed to the Underwriters, in form and substance
                  satisfactory to the Representatives with respect to the audited and unaudited financial statements and certain financial information of Atlantica contained in the Registration Statement, the Disclosure Package and the Prospectus; and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zedb9995b60bf4564a458ab510687a3c6" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Ernst &amp; Young, S.L., independent registered public accountants for Atlantica, a letter dated the date hereof addressed to the Underwriters, in form and substance
                  satisfactory to the Representatives with respect to the unaudited interim financial statements and certain financial information of Atlantica contained in the Registration Statement, the Disclosure Package and the Prospectus;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z18bd8231e620488e89cc4f592fa9dade" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">on the Closing Date, the Representatives shall have received from:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1787d2baec0e4704bf62ab649051c38b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Ernst &amp; Young LLP, independent registered public accountants for the Corporation, a letter dated such date, in form and substance satisfactory to the Representatives, to
                  the effect that they reaffirm the statements made in the letter furnished by them pursuant to subsection (g)(i) of this Section 7.1, except that the specified date referred to therein for the carrying out of procedures shall be no more
                  than three Business Days prior to the Closing Date; and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb3703300ca074560bcd160f1f31dc7c3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Ernst &amp; Young, S.L., independent registered public accountants for Atlantica, a letter dated such date, in form and substance satisfactory to the Representatives, to the
                  effect that they reaffirm the statements made in the letter furnished by them pursuant to subsection (g)(iii) of this Section 7.1, except that the specified date referred to therein for the carrying out of procedures shall be no more than
                  three Business Days prior to the Closing Date; and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">29</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1f6d26e00b33457bbb28f29bb8ad4a5b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">on the date hereof and on the Closing Date, the Representatives shall have received a certificate of David Bronicheski, Chief Financial Officer of the Corporation, in form
                  and substance reasonably satisfactory to the Underwriters, with respect to certain financial information contained in the Disclosure Package, and, with respect to the certificate delivered on the Closing Date, the Prospectus.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za386ca9110e849c5b0b59b9d31adeb76" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to the foregoing, the Corporation shall provide such other documents, certificates and opinions in connection with the issuance and sale of the Notes, as the
                  Underwriters may reasonably require for the purposes of enabling them to pass upon the issuance and sale of the Notes as contemplated herein, or in order to evidence the accuracy of any of the representations and warranties, or the
                  satisfaction of any of the conditions or agreements, herein contained.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE VIII</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CLOSING</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3c25da7bb4ec4066bd8de24a0ee398f0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The purchase of the Notes (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Closing</font>&#8221;) will be completed at the offices of U.S.
                  counsel to the Corporation, Gibson, Dunn &amp; Crutcher LLP, at 200 Park Avenue, New York, New York, United States, at the Time of Closing on the Closing Date, provided that if the Corporation has not been able to comply with any of the
                  conditions to Closing set forth under &#8220;Conditions of Closing&#8221; by such time, the Time of Closing and Closing Date may be extended by mutual agreement of the Corporation and the Underwriters, failing which the respective obligations of the
                  parties will terminate without further liability or obligation except as set out under Article XVI.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z08f21282a8c74322afee159ea18c4fc6" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">At the Time of Closing, the Corporation shall deliver to the Underwriters such further deliverables as may be contemplated herein or as the Underwriters or the Canadian
                  Securities Regulators or the applicable Securities Commissions may reasonably require against payment by the Underwriters of the purchase price for the Notes by wire transfer.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za6d71dfcfd244b799d1bc6738bd452ea" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.3</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">All terms and conditions of this offer set forth under &#8220;Conditions of Closing&#8221; shall be construed as conditions, and any breach or failure to comply with any such terms and
                  conditions shall entitle the Underwriters to elect not to complete the purchase of the Notes by written notice to that effect given to the Corporation prior to the Time of Closing on the Closing Date. It is understood that the
                  Underwriters may waive in whole or in part, or extend the time for compliance with, any of such terms and conditions without prejudice to their rights in respect of any such terms and conditions or any other subsequent breach or
                  non-compliance, provided that to be binding on the Underwriters any such waiver or extension must be in writing.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z7fc2e20785bf4c0d8061c616ece9e78b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.4</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Payment for the Notes shall be made at the Closing Date by wire transfer of immediately available funds to the order of the Corporation. It is understood that the
                  Representatives have been authorized, for their own account and for the account of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Notes that the Underwriters have agreed to
                  purchase.&#160; The Representatives may (but shall not be obligated to) make payment for any Notes to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the Closing Date for the account of such
                  Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">30</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5a637a5d92dc4593ad51cc73b316650b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.5</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall deliver, or cause to be delivered, to the Representatives for the accounts of the several Underwriters certificates for the Notes at the Closing Date
                  against the irrevocable release of a wire transfer of immediately available funds for the amount of the purchase price therefor.&#160; The certificates for the Notes shall be in such denominations and registered in such names and denominations
                  as the Representatives shall have requested at least two full Business Days prior to the Closing Date and shall be made available for inspection on the Business Day preceding the Closing Date at a location in New York City, as the
                  Representatives may designate.&#160; Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE IX</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">INDEMNITY AND CONTRIBUTION</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation will indemnify and hold harmless each of the Underwriters listed in Schedule A hereto and each of their respective subsidiaries, directors,
      officers, employees, affiliates and agents and each person, if any, who controls any Underwriter within the meaning of the 1933 Act and the 1934 Act and the successors and assigns of the foregoing persons (collectively, the &#8220;<font style="font-size:
        10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnified Parties</font>&#8221; or, individually, an &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnified Party</font>&#8221;) against all losses (excluding
      lost profit), claims, liabilities and expenses (including, without limitation, reasonable expenses of investigation and defending any claims or litigation as the same are incurred), upon the terms of the indemnity attached as Schedule B, whether or
      not the transaction herein contemplated shall be completed.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Moreover, the Corporation will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issue tax, including any interest and
      penalties, on the creation, issue and sale of the Notes sold by it hereunder and on the execution and delivery of this Agreement. All payments to be made by the Corporation hereunder shall be made without withholding or deduction for or on account of
      any present or future taxes, duties or governmental charges whatsoever unless the Corporation is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Corporation shall pay such additional amounts as may be
      necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">31</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE X</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TERMINATION RIGHTS</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8c88919592d64ad5b103dc895b68bc73" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to any other remedies which may be available to the Underwriters, the Representatives shall be entitled, at their option, to terminate and cancel, without any
                  liability on the Representatives&#8217; part, the Underwriters&#8217; obligations under this Agreement by giving written notice to the Corporation at any time prior to the Time of Closing on the Closing Date if:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za2ec5431d7024c63b7fc54582a2e59c4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any order to cease or suspend trading in any securities of the Corporation or any of its subsidiaries, or prohibiting or restricting the distribution of the Notes, is made,
                  trading in securities generally on either the NYSE or the Exchange shall have been suspended or limited, or minimum prices shall have been established on any of such stock exchanges by any Canadian Securities Regulator or any Securities
                  Commissions or FINRA, or any stop order preventing or suspending the use of any prospectus relating to the Notes has been issued, or proceedings are announced or commenced or, to the knowledge of the Corporation, threatened for the making
                  of any such order, by any Canadian Securities Regulator or any Securities Commission, or by any other competent authority, unless such order has been rescinded, revoked or withdrawn or such proceedings have been discontinued or will not
                  be proceeded with;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9bf12b0346d04d0d98e7ed1b5cce25cb" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any inquiry, investigation (whether formal or informal) or other proceeding in relation to the Corporation or any of its subsidiaries is announced or commenced or any order
                  is issued by any Canadian Securities Regulator or any Securities Commission or by any other competent authority, or there is any change of law or the interpretation or administration thereof by any such authority, if, in the opinion of
                  the Underwriters (or any one of them), the announcement, commencement or issuance thereof, or change, as the case may be, adversely affects the trading or distribution of the Notes;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za95f4deb7c5d4ad1988cbc92efea0e78" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the Corporation shall be in breach of, default under or non-compliance with any material representation, warranty, covenant, term or condition of this Agreement;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z367c219085534d438b54b702ec892dad" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">(i) in the judgment of the Representatives there shall have occurred any Material Adverse Change; or, (ii) as a result of investigations after the date hereof, the
                  Representatives determine that there exists any fact or circumstance which existed prior to the date hereof and had not been disclosed prior to the date hereof, which in their sole opinion, would be expected to have a Material Adverse
                  Effect on the market price or value of the Notes;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z04e6ae7a0e23460caf6ff749be753788" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">a general banking moratorium shall have been declared by any United States federal, New York State or Canadian federal authorities;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z03dde43191b74d918e338aedff9b695a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence,
                  including any outbreak of hostilities or escalation thereof involving the United States or Canada, or any change or any law or regulation which, in the opinion of the Representatives: (i) materially adversely affects or involves, or will
                  materially adversely affect or involve the North American or international financial markets, or any substantial change or development involving a prospective substantial change in United States&#8217;, Canada&#8217;s or international political,
                  financial or economic conditions or the business, operations or affairs of the Corporation and its subsidiaries (taken as a whole); and (ii) makes it impracticable or inadvisable to market the Notes in the manner and on the terms
                  described in&#160; the Disclosure Package or the Prospectus or to enforce contracts for the sale of securities; or</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z940e6e8ee9674177bdff007b1083299b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">there shall have occurred a material disruption in commercial banking or securities settlement&#160; or clearing services.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">32</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z33eaa2be6a2b4cefab16611acb072da4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall make reasonable efforts to give notice to the Representatives (in writing or by other means) of the occurrence of any of the events referred to in
                  paragraphs (a), (b), (c), (d), (e), (f) or (g) of Section 10.1, provided that neither the giving nor the failure to give such notice shall in any way affect the entitlement of the Representatives to exercise this right at any time through
                  to the Time of Closing.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4e97a8f53d3c485ca13f1a7736f158d5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.3</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The rights of termination contained herein may be exercised by the Representatives and are in addition to any other rights or remedies the Underwriters may have in respect of
                  any default, act or failure to act or non-compliance by the Corporation in respect of any of the matters contemplated by this Agreement.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z83ec46978c5f4e75b3498ad060293308" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.4</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Representatives may waive, in whole or in part, or extend the time for compliance with any of such terms and conditions without prejudice to their rights in respect of
                  any other of such terms and conditions or any other or subsequent breach or non-compliance provided that to be binding upon the Underwriters, any such waiver or extension must be in writing and signed by the Representatives, and notified
                  to the Corporation in the manner set forth in Article XV.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XI</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EXPENSES</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Whether or not the transaction herein contemplated shall be completed, all expenses of or incidental to the creation, issue, delivery and marketing of the
      Offering and the Notes shall be borne by the Corporation, including, without limitation: (<font style="font-size: 10pt; font-family: 'Times New Roman';">i) all expenses incident to the issuance and delivery of the Notes (including all printing and
        engraving costs), (ii) all necessary issue, transfer and other stamp taxes and any applicable sales or value-added taxes in connection with the issuance and sale of the Notes, (iii) all fees and expenses of the Corporation&#8217;s counsel, independent
        public or certified public accountants and other advisors to the Corporation, (iv) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the Registration Statement (including financial
        statements, exhibits, schedules, consents and certificates of experts), </font>each Issuer Free Writing Prospectus, the Preliminary Prospectus, the Prospectus<font style="font-size: 10pt; font-family: 'Times New Roman';">, the Preliminary Canadian
        Offering Memorandum and the Canadian Offering Memorandum, and all amendments and supplements thereto, and this Agreement, the Indenture, </font>the DTC Agreement<font style="font-size: 10pt; font-family: 'Times New Roman';"> and the Notes, (v) all
        filing fees, reasonable and documented attorneys&#8217; fees and expenses (such fees and expenses being limited to $15,000) incurred by the Corporation or the Underwriters in connection with qualifying or registering (or obtaining exemptions from the
        qualification or registration of) all or any part of the Notes for offer and sale under the state securities or blue sky laws, and, if requested by the Representatives, preparing a &#8220;Blue Sky Survey&#8221; or memorandum, and any supplements thereto,
        advising the Underwriters of such qualifications, registrations and exemptions, (vi) </font>the filing fees incident to, and the reasonable and documented fees and disbursements of counsel (such fees and disbursements being limited to $10,000) to
      the Underwriters in connection with, the review, if any, by the FINRA of the terms of the sale of the Notes<font style="font-size: 10pt; font-family: 'Times New Roman';">,</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> (vii)
        the fees and expenses of the Trustees, including the reasonable fees and disbursements of counsel for the Trustees in connection with the Indenture and the Notes, (viii) any fees payable </font>in connection with the rating of the Notes with the
      ratings agencies, (ix) all fees and expenses (including reasonable fees and expenses of counsel) of the Corporation in connection with approval of the Notes by the Depositary for &#8220;book-entry&#8221; transfer<font style="font-size: 10pt; font-family: 'Times
        New Roman';">, (x) the fees and expenses incurred in connection with the listing of the Notes on the New York Stock Exchange and (xi) all other fees, costs and expenses incurred in connection with the performance of its obligations hereunder for
        which provision is not otherwise made in this Article XI</font>; provided, however, that if the transactions contemplated by this Agreement are consummated, the Underwriters shall reimburse the Corporation for such expenses, fees and costs incurred
      in connection with the transactions contemplated by this Agreement in the amount of $1,500,000. <font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;</font>Notwithstanding the foregoing, the fees and disbursements of legal counsel for the
      Underwriters and all out of pocket expenses of the Underwriters shall be borne by the Underwriters, except that the Underwriters will be reimbursed by the Corporation for all of these fees, disbursements and expenses, to the extent they are
      reasonable, if the sale of the Notes is not completed due to any refusal, inability or failure on the part of the Corporation to perform any agreement herein or to comply with the terms of this Agreement. The expenses referred to herein shall be
      payable by the Corporation from time to time immediately upon receiving an invoice therefor.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">33</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XII</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AUTHORITY OF THE REPRESENTATIVES</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Representatives are hereby authorized by each Underwriter to act on its behalf and the Corporation shall be entitled to and shall act on any notice given
      pursuant to this Agreement or any agreement entered into by or on behalf of the Underwriters by the Representatives, which represents and warrants that it has irrevocable authority to bind the Underwriters, except in respect of any matter relating to
      the indemnity and contribution provisions set forth in Article IX and Schedule B hereto.</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XIII</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SEVERAL OBLIGATIONS</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z96cdd36f4ad9484684ebe5ecebb8d3de" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">13.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Underwriters&#8217; entitlement to purchase the Notes at the Closing shall be several and not joint and the Underwriters&#8217; respective obligations in this respect shall be in the
                  respective amounts set forth in Schedule A hereto.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb19823292e734c71bd4741b5b5d4cf9b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">13.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If one or more of the Underwriters shall fail or refuse to purchase its applicable aggregate principal amount of the Notes at the Time of Closing, and the aggregate principal
                  amount of Notes not purchased is less than or equal to 10% of the aggregate principal amount of Notes agreed to be purchased by the Underwriters pursuant to this Agreement, each of the other Underwriters shall be obligated to purchase
                  severally the aggregate principal amount of Notes not taken up, on a pro rata basis or as they may otherwise agree as between themselves. If, on the Closing Date, any one or more of the Underwriters shall fail or refuse to purchase such
                  Notes and the aggregate principal amount of such Notes with respect to which such default occurs exceeds 10% of the aggregate principal amount of Notes to be purchased on such date, and arrangements satisfactory to the Representatives and
                  the Corporation for the purchase of such Notes are not made within 48 hours after such default, this Agreement shall terminate without liability of any party to any other party except that the provisions of Article IX, Article XI, Section
                  19.2, Section 19.3, Section 19.4, Section 19.5 and Schedule B attached hereto shall at all times be effective and shall survive such termination.&#160; In any such case, either the Representatives or the Corporation shall have the right to
                  postpone the Closing Date but in no event for longer than seven days in order that the required changes, if any, to the Registration Statement, any Issuer Free Writing Prospectus, the Preliminary Prospectus or the Prospectus or any other
                  documents or arrangements may be effected.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">34</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Nothing in this Article XIII shall oblige the Corporation to sell to any or all of the Underwriters less than all of the aggregate
      principal amount of Notes or shall relieve any of the Underwriters in default hereunder from liability to the Corporation.</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XIV</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">RECOGNITION OF THE U.S. SPECIAL RESOLUTION REGIMES</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6116562af45344038a475b34856377f8" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">14.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that any Representative that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such Representative of
                  this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and
                  obligation, were governed by the laws of the United States or a state of the United States.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zdbc1c966f56d4dd68c222ba493611c1d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">14.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that any Representative that is a Covered Entity or a BHC Act Affiliate of such Representative becomes subject to a proceeding under a U.S. Special Resolution
                  Regime, Default Rights under this Agreement that may be exercised against such Representative are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this
                  Agreement were governed by the laws of the United States or a state of the United States.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XV</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOTICE</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Any notice or other communication to be given hereunder shall be addressed and sent as follows:</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za10aaa390edd40709353b8c6758c35f3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If to the Corporation, addressed and sent to:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp.</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">354 Davis Road</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Oakville, Ontario L6J 2X1</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Ms. Jennifer Tindale</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telecopy:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">(905) 465-6123</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Email:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">jennifer.tindale@libertyutilities.com</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">with a copy to (which shall not constitute notice):</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Gibson, Dunn &amp; Crutcher LLP</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">200 Park Avenue</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">New York, New York 10166-0193</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Mr. John T. Gaffney</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Telecopy:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">(212) 351-2626</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Email:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">jgaffney@gibsondunn.com</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">35</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9396a2c38fc14c2da88738a45ed16a23" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If to the Representatives to:</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">BofA Securities, Inc.</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">50 Rockefeller Plaza</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">NY1-050-12-02</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">New York, New York 10020</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Facsimile: (646) 855-5958</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention: High Grade Transaction Management/Legal</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">J.P. Morgan Securities LLC</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">383 Madison Avenue</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">New York, NY 10179</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Facsimile: 212-834-6081</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention: Investment Grade Syndicate Desk&#8212;3rd Floor,</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">RBC Capital Markets, LLC</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Brookfield Place</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">200 Vesey Street</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8th Floor</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">New York, NY 10281</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention: Transaction Management Group</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Fax: (212) 428-6308</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">and</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Wells Fargo Securities, LLC</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">550 South Tryon Street, 5th Floor</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Charlotte, NC 28202</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Facsimile: 704-410-0326</font></div>
  <div style="text-align: left; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention: Transaction Management</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">or to such other address or fax number as any of the parties may designate by notice given to the others. Any such notice or other communication shall be in
      writing, and unless delivered personally to a responsible officer of the addressee, shall be given by courier service or telecopy or email, and shall be deemed to have been received, if given by telecopy or email, on the date of sending if during
      normal business hours on a Business Day and if not on the next Business Day and, if given by courier service, on the next Business Day following the sending thereof.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">36</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XVI</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SURVIVAL OF WARRANTIES, REPRESENTATIONS, COVENANTS AND AGREEMENTS</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">All of the respective warranties, representations, covenants, indemnities, agreements and other statements of the Corporation, of its officers and the
      several Underwriters contained herein or delivered pursuant hereto (i) will remain operative and shall survive the purchase by the Underwriters of the Notes from the Corporation (including the delivery of and payment for the Notes sold hereunder) and
      shall continue in full force and effect notwithstanding any investigations or statement as to the results thereof, made by or on behalf of any Underwriter, the officers or employees of any Underwriter, or any person controlling the Underwriter and
      (ii) will survive any termination of this Agreement.</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XVII</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACCEPTANCE</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd1431e2525b747b58072e22198bbbcd8" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">17.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If this Agreement accurately reflects the terms of the transaction which we are to enter into and if such terms are agreed to by the Corporation, please communicate
                  acceptance by executing where indicated below and returning a signed copy of this Agreement to the Representatives.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XVIII</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NO ADVISORY OR FIDUCIARY RELATIONSHIP</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z219c80beef0e428db119b3f836d32ba5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">18.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation hereby acknowledges and agrees that (a) the purchase and sale of the Notes pursuant to this Agreement, including the determination of the public offering
                  price of the Notes and any related discounts and commissions, is an arm&#8217;s-length commercial transaction between the Corporation, on the one hand, and each of the several Underwriters and any affiliate through which it may be acting, on
                  the other hand, and the Corporation is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated by this Agreement; (b) in connection with each transaction
                  contemplated hereby and the process leading to such transaction each of the Underwriters is and has been acting solely as principal and not as a financial advisor, agent or fiduciary of the Corporation or its affiliates, stockholders,
                  creditors or employees or any other party; (c) the Corporation&#8217;s engagement of each of the Underwriters in connection with the Offering and the process leading up to the Offering is as independent contractors and not in any other capacity
                  and no Underwriter has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Corporation with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether
                  such Underwriter has advised or is currently advising the Corporation on other matters) and no Underwriter has any obligation to the Corporation with respect to the offering contemplated hereby except the obligations expressly set forth
                  in this Agreement; (d) the several Underwriters and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Corporation and that the several Underwriters have no
                  obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (e) the Underwriters have not provided any legal, accounting, regulatory or tax advice with respect to the Offering and the
                  Corporation has consulted its own legal, accounting, regulatory and tax advisors to the extent it deemed appropriate.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">37</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation hereby waives and releases, to the fullest extent permitted by law, any claims that the Corporation may have against the
      several Underwriters with respect to any breach or alleged breach of agency or fiduciary duty.</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ARTICLE XIX</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">GENERAL</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z376099ebbb2e42e588c391eed660c83b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.1</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">If any Section, paragraph or provision of this Agreement is determined to be void or unenforceable in whole or in part, it shall be deemed not to affect or impair the
                  validity of any other provision of this Agreement and such void or unenforceable provision shall be severable from this Agreement. If any Section, paragraph or provision of this Agreement is for any reason determined to be invalid or
                  unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z616555115a5c40f1bf915dafd516c895" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.2</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement shall be governed by and construed and interpreted in accordance with the internal laws of the State of New York applicable to agreements made and to be
                  performed in that State.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3a523121ac1e48beb59d17495719cb95" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.3</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby (&#8220;<font style="font-size: 10pt; font-family: 'Times
                    New Roman'; font-weight: bold;">Related Proceedings</font>&#8221;) may be instituted in the federal courts of the United States of America located in the City and County of New York, Borough of Manhattan, or the courts of the State of New
                  York in each case located in the City and County of New York, Borough of Manhattan&#160; (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Specified Courts</font>&#8221;), and each party
                  irrevocably submits to the exclusive jurisdiction (except for proceedings instituted in regard to the enforcement of a judgment of any such court (a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Related





                    Judgment</font>&#8221;), as to which such jurisdiction is non-exclusive) of such courts in any such suit, action or proceeding.&#160; Service of any process, summons, notice or document by mail to such party&#8217;s address set forth above shall be
                  effective service of process for any suit, action or other proceeding brought in any such court.&#160; The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the
                  Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such suit, action or other proceeding brought in any such court has been brought in an inconvenient forum.&#160; The
                  Corporation irrevocably appoints CT Corporation System as its agent to receive service of process or other legal summons for purposes of any such suit, action or proceeding that may be instituted in any state or federal court in the City
                  and County of New York.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze4f500ab60824763b0102458d003c588" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.4</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">With respect to any Related Proceeding, each party irrevocably waives, to the fullest extent permitted by applicable law, all immunity (whether on the basis of sovereignty or
                  otherwise) from jurisdiction, service of process, attachment (both before and after judgment) and execution to which it might otherwise be entitled in the Specified Courts, and with respect to any Related Judgment, each party waives any
                  such immunity in the Specified Courts or any other court of competent jurisdiction, and will not raise or claim or cause to be pleaded any such immunity at or in respect of any such Related Proceeding or Related Judgment, including,
                  without limitation, any immunity pursuant to the United States Foreign Sovereign Immunities Act of 1976, as amended.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">38</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1cf0097892d243cb8c95f7bccfdcbdd2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.5</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">THE CORPORATION (ON ITS BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS AND AFFILIATES) AND EACH OF THE UNDERWRITERS HEREBY IRREVOCABLY
                  WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z08c648b495124f48a6299b4f620ab236" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.6</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and
                  all understandings and discussions, whether oral or written, of the parties in connection with the subject matter hereof and there are no warranties, representations or other agreements between the parties in connection with the subject
                  matter hereof except specifically set forth herein.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5e93499a21b3466cb93595a8e162fa06" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.7</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation acknowledges that the Underwriters&#8217; research analysts and research departments are required to be independent from their respective investment banking
                  divisions and are subject to certain regulations and internal policies, and that such Underwriters&#8217; research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the
                  Corporation, its subsidiaries and/or the offering of the Notes that differ from the views of their respective investment banking divisions.&#160; The Corporation hereby waives and releases, to the fullest extent permitted by law, any claims
                  that the Corporation may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or
                  inconsistent with the views or advice communicated to the Corporation by such Underwriters&#8217; investment banking divisions.&#160; The Corporation acknowledges that each of the Underwriters is a full service securities firm and as such from time
                  to time, subject to Applicable Securities Laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the
                  transactions contemplated by this Agreement.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1219cdec232e4845b679f2079493fc49" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.8</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This Agreement may be executed in any number of counterparts, and may be delivered originally, by facsimile, or by e-mail in portable document format (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">pdf</font>&#8221;) and each such original, facsimile copy, or pdf copy, when so executed and delivered shall be deemed to be an original and all of which taken
                  together shall constitute one and the same instrument. The execution of this Agreement will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto, and
                  executed copies delivered to each party who is a party hereto or thereto.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zee816a5fdf334a1a9420d4d86502c32e" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">19.9</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Each of the parties hereto acknowledges that it is a sophisticated business person who was adequately represented by counsel during negotiations regarding the provisions
                  hereof, including, without limitation, the indemnification provisions included in Schedule B hereto, and is fully informed regarding said provisions.&#160; Each of the parties hereto further acknowledges that the provisions of Schedule B
                  hereto fairly allocate the risks in light of the ability of the parties to investigate the Corporation, its affairs and its business in order to assure that adequate disclosure has been made in the Registration Statement, the Disclosure
                  Package and the Prospectus (and any amendments and supplements thereto), as required by the 1933 Act, the 1934 Act and the other Applicable Securities Laws.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">remainder of page intentionally left blank</font>]</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">39</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If the foregoing is in accordance with your understanding of our agreement, kindly sign and return to the Corporation the enclosed copies
      hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms.</font></div>
  <div><br>
  </div>
  <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z00a928f76abe445e8deabb2965742aa2" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td colspan="2" style="width: 51.92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Very truly yours,</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td colspan="2" style="width: 51.92%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
        </td>
        <td style="width: 44.24%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Ian Robertson</font></font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name: Ian Robertson</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:&#160;&#160; Chief Executive Officer</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
        </td>
        <td style="width: 44.24%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ David Bronicheski</font></font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name: David Bronicheski</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 48.08%; vertical-align: top;">&#160;</td>
        <td style="width: 7.68%; vertical-align: top;">&#160;</td>
        <td style="width: 44.24%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:&#160;&#160; Chief Financial Officer</font></div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="text-align: center;">[<font style="font-style: italic;">Signature Page to Underwriting Agreement</font>]<br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing Underwriting Agreement is hereby confirmed and accepted by the Representatives as of the date first above written.</font></div>
  <div><br>
  </div>
  <div style="text-align: left; text-indent: -90pt; margin-left: 90pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">BOFA SECURITIES, INC.</font></div>
  <div style="text-align: left; text-indent: -90pt; margin-left: 90pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">J.P. MORGAN SECURITIES LLC</font></div>
  <div style="text-align: left; text-indent: -90pt; margin-left: 90pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">RBC CAPITAL MARKETS, LLC</font></div>
  <div style="text-align: left; text-indent: -90pt; margin-left: 90pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">WELLS FARGO SECURITIES, LLC</font></div>
  <div><br>
  </div>
  <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Acting as Representatives of the several Underwriters named in the attached Schedule A.</font></div>
  <div><br>
  </div>
  <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zd51317dff1874febbc09ae63b6d42dac" border="0" cellpadding="0" cellspacing="0">

      <tr>
        <td colspan="3" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">BofA Securities, Inc.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
        </td>
        <td style="width: 44%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Shawn Cepeda</font></font></div>
        </td>
        <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> Shawn Cepeda</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Managing Director</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="3" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">J.P. Morgan Securities LLC</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
        </td>
        <td style="width: 44%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Som Bhattacharyya</font></font></div>
        </td>
        <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Som Bhattacharyya</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Executive Director</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="3" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">RBC Capital Markets, LLC</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
        </td>
        <td style="width: 44%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Scott G. Primrose</font></font></div>
        </td>
        <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Scott G. Primrose</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Authorized Signatory</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="3" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Wells Fargo Securities, LLC</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
        </td>
        <td style="width: 44%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Carolyn Hurley</font></font></div>
        </td>
        <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Carolyn Hurley</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>
      <tr>
        <td style="width: 6%; vertical-align: top;">&#160;</td>
        <td style="width: 44%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title: </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Director</font></div>
        </td>
        <td style="width: 50%; vertical-align: top;"> <br>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="text-align: center;">[<font style="font-style: italic;">Signature Page to Underwriting Agreement</font>]</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <!--PROfilePageNumberReset%Num%1%A-%%-->
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SCHEDULE A</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>UNDERWRITERS</u></font></font></div>
  <div><br>
  </div>
  <table id="z33c7429b7bf94fe7bb128f4ab730ec34" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" cellpadding="0" cellspacing="0">

      <tr>
        <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
          <div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Underwriters</font></div>
          </div>
        </td>
        <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
        <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap" valign="bottom">
          <div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Aggregate Principal Amount </font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">of Notes to be Purchased</font></div>
          </div>
        </td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
      </tr>
      <tr>
        <td style="vertical-align: top; width: 88%; background-color: #CCEEFF;" valign="bottom">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">BofA Securities, Inc.</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom">&#160;</td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">$</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">87,500,000</font></div>
        </td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" nowrap="nowrap" valign="bottom">&#160;</td>
      </tr>
      <tr>
        <td style="vertical-align: top; width: 88%; background-color: #FFFFFF;" valign="bottom">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">J.P. Morgan Securities LLC</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" valign="bottom">&#160;</td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #FFFFFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">$</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">87,500,000</font></div>
        </td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #FFFFFF;" nowrap="nowrap" valign="bottom">&#160;</td>
      </tr>
      <tr>
        <td style="vertical-align: top; width: 88%; background-color: #CCEEFF;" valign="bottom">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">RBC Capital Markets, LLC</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom">&#160;</td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">$</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">87,500,000</font></div>
        </td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" nowrap="nowrap" valign="bottom">&#160;</td>
      </tr>
      <tr>
        <td style="vertical-align: top; width: 88%; background-color: #FFFFFF;" valign="bottom">
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Wells Fargo Securities, LLC</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #FFFFFF;" valign="bottom">&#160;</td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #FFFFFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">$</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #FFFFFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">87,500,000</font></div>
        </td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #FFFFFF;" nowrap="nowrap" valign="bottom">&#160;</td>
      </tr>
      <tr>
        <td style="vertical-align: top; width: 88%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom">
          <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Total</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" valign="bottom">&#160;</td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">$</font></div>
        </td>
        <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" valign="bottom">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">350,000,000</font></div>
        </td>
        <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" nowrap="nowrap" valign="bottom">&#160;</td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">A-1</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <!--PROfilePageNumberReset%Num%1%B-%%-->
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SCHEDULE B</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>INDEMNIFICATION</u></font></font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Capitalized terms used but not defined in this Schedule B shall have the meanings assigned to them in the Agreement to which this Schedule is attached.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z39bd8a5d3e114c10a8a6078d945366de" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Indemnity</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z53bebd39b0dd47e8a2d1ff276632b6e3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Indemnity</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp. (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnitor</font>&#8221;)





      hereby agrees to indemnify and hold harmless the Indemnified Parties from and against all liabilities, claims, losses (other than loss of profits), reasonable costs, damages and reasonable expenses (including, without limitation any legal fees or
      other expenses reasonably incurred by the Underwriters in connection with defending or investigating any such action or claim, securityholder or derivative actions, arbitration proceedings or otherwise) (a &#8220;<font style="font-size: 10pt; font-family:
        'Times New Roman'; font-weight: bold;">Claim</font>&#8221;) in any way caused by, or arising directly or indirectly from, or in consequence of:</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9f4e1056fbe14b959264cb6d228b8364" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any information or statement (except any statement relating solely to such Underwriter or Underwriters which has been provided in writing to the Corporation by or on behalf
                  of such Underwriter or Underwriters through the Representatives specifically for inclusion therein) contained in the Agreement, Registration Statement, Disclosure Package, Prospectus, Canadian Offering Memorandum, Issuer Free Writing
                  Prospectus, Corporation Additional Written Communication,<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>any Supplementary Material, or any Prospectus Amendments thereto, supplements or in any
                  certificate of the Corporation delivered pursuant to the Agreement which, at the time and, other than with respect to the Registration Statement, in the light of the circumstances under which it was made, contains or is alleged to contain
                  a misrepresentation or untrue statement of a material fact;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z38d22cea4c3043c39f00e2634df59d3b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any omission or alleged omission to state in the Registration Statement, Disclosure Package, Prospectus, Canadian Offering Memorandum, Issuer Free Writing Prospectus,
                  Corporation Additional Written Communication, any Supplementary Material, or any Prospectus Amendments thereto, supplements or in any certificate of the Corporation delivered pursuant to the Agreement, any material fact (except any fact
                  relating solely to such Underwriter or Underwriters which has been provided in writing to the Corporation by or on behalf of such Underwriter or Underwriters through the Representatives specifically for inclusion therein) regarding the
                  Corporation and its operations and affairs that is necessary to make any statement therein not misleading in light of the circumstances in which it was made;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">B-1</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9629697111da4c839b725518399460e2" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any order made or enquiry, investigation or proceedings commenced or threatened by any securities commission or other competent authority based upon any untrue statement or
                  omission or alleged untrue statement or alleged omission or any misrepresentation or alleged misrepresentation (except a statement or omission or alleged statement or omission regarding facts relating solely to such Underwriter or
                  Underwriters which has been provided in writing to the Corporation by or on behalf of such Underwriter or Underwriters through the Representatives specifically for inclusion therein) in the Registration Statement, Disclosure Package,
                  Issuer Free Writing Prospectus, Corporation Additional Written Communication,<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>Prospectus, Canadian Offering Memorandum and any Supplementary
                  Materials, or any Prospectus Amendments or supplements thereto or based upon any failure to comply with the Applicable Securities Laws (other than any failure or alleged failure to comply by any of the Underwriters), preventing or
                  restricting the trading in or the sale or distribution of the Notes;</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf7d72bbb5b624453bb6801d042aca811" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the non-compliance or alleged noncompliance by the Corporation with any of the Applicable Securities Laws, including, in the case of the Corporation, the Corporation&#8217;s
                  non-compliance with any statutory requirement to make any document available for inspection; or</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf088d114fc1d458d88585daa9f25a6c4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">any breach by the Corporation of its material representations, warranties, covenants or obligations to be complied with under the Agreement.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This indemnity shall cease to be available to an Indemnified Party if (i) a court of competent jurisdiction in a final judgment in which such Indemnified
      Party is named as a party determines that the Claim in respect of which indemnification is sought is a result of or arises out of the gross negligence or willful misconduct of such Underwriter or Underwriters (provided that, for greater certainty,
      the Corporation and the Underwriters agree that they do not intend that any failure by the Underwriters to conduct such reasonable investigation as necessary to provide the Underwriters with reasonable grounds for believing the Registration
      Statement, Disclosure Package, Prospectus, Canadian Offering Memorandum, Issuer Free Writing Prospectus, Corporation Additional Written Communication, any Supplementary Material, or any Prospectus Amendments contained no misrepresentation shall
      constitute, &#8220;gross negligence&#8221; or &#8220;willful misconduct&#8221; for purposes of this Section 1 or otherwise disentitle the Underwriters from indemnification hereunder); or (ii) a copy of the Prospectus (as then amended or supplemented, if the Corporation
      shall have furnished any amendments or supplements thereto) was not sent or given by or on behalf of the Underwriters to a person asserting any such losses, claims, damages or liabilities, but only (x) if required by law so to have been delivered by
      the Underwriters to such person, at or prior to the written confirmation of the sale of the Notes to such person, and (y) if the Prospectus (as so amended or supplemented) delivered by the Underwriters a reasonable amount of time in advance of such
      confirmation would have cured the defect giving rise to such losses, claims, damages or liabilities. In such event, such Underwriter or Underwriters shall reimburse any funds advanced by the Corporation to such Underwriter or Underwriters pursuant to
      the indemnification contained in this Schedule B in respect of such Claim and thereafter this indemnity shall cease to apply to such Underwriter or Underwriters in respect of such Claim.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">B-2</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation hereby acknowledges that the only information furnished to the Corporation by any Underwriter through the Representatives expressly for use
      in the Registration Statement, any Corporation Additional Written Communication, any Issuer Free Writing Prospectus, the Preliminary Prospectus, the Canadian Preliminary Offering Memorandum, or the Prospectus or the Canadian Offering Memorandum (or
      any amendment or supplement thereto) are the statements set forth in the sixth, thirteenth and fourteenth paragraphs under the caption &#8220;Underwriting&#8221; in the Preliminary Prospectus, the Canadian Preliminary Offering Memorandum, and the Prospectus and
      the Canadian Offering Memorandum.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8cd823f12aed459eb08e9b7b77251e9d" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Notification of Claims</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If any Claim is asserted against any Indemnified Party, such Indemnified Party will notify the Corporation as soon as possible of the
      nature of such Claim (but the omission so to notify the Corporation of any potential Claim shall not relieve the Corporation from any liability which it may have to any Indemnified Party and any omission so to notify the Corporation of any actual
      Claim shall affect the Corporation&#8217;s liability only to the extent that it is prejudiced as a proximate result of that failure).&#160; Subject to subsection 1(d), the Corporation shall be entitled to participate in and, to the extent that it shall wish, to
      assume the defense of any suit brought to enforce such Claim; provided, however, that the defense shall be conducted through legal counsel acceptable to such Indemnified Party, acting reasonably, that no settlement of any such Claim or admission of
      liability may be made by the Corporation or such Indemnified Party without the prior written consent of the other parties, acting reasonably, and the Corporation shall not be liable for any settlement of any such Claim unless it has consented in
      writing to such settlement. The Corporation shall not settle any Claim, or compromise a consent to any judgment unless such settlement, compromise or judgment (i) includes an unconditional release of such Indemnified Party from all liability arising
      out of such action or claim and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of such Indemnified Party.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4f5bca14652f485fb527ed867d1d64f3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Right of Indemnity in Favor of Others</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">With respect to any Indemnified Party who is not a party to the Agreement, the Indemnified Parties who are party to the Agreement shall
      obtain and hold the rights and benefits of this Section 1 of this Schedule B<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;</font>in trust for and on behalf of such Indemnified Party.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z369a89936c9f496bb9fd765b66d828c4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Retaining Counsel</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In any Claim, the Indemnified Party shall have the right to retain other counsel to act on its behalf, provided that the reasonable fees
      and disbursements of such counsel shall be paid by such Indemnified Party unless (i) the Corporation fails to assume the defense of such suit on behalf of such Indemnified Party within 10 days of receiving written notice of such suit; (ii) the
      Corporation and such Indemnified Party shall have mutually agreed to the retention of the other counsel; or (iii) the named parties to any such Claim (including any added third or impleaded party) include such Indemnified Party and the Corporation
      and such Indemnified Party shall have been advised by counsel that the representation of all parties by the same counsel would be inappropriate due to the actual or potential differing interests between them, including the potential availability of
      one or more legal defenses to such Indemnified Party which are different from or in addition to those available to the other parties or the potential for a conflict to exist between the Corporation and such Indemnified Party. In no event shall the
      Corporation be liable to pay the fees and disbursements of more than one firm of separate counsel for all Indemnified Parties and, in addition, one firm of local counsel in each applicable jurisdiction.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">B-3</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: left;"><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z927e2f25b0ef4236a50c68aa1a5c46c8" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Contribution</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z652c11c20ff141d4908e446a9acec5e5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Contribution by the Corporation</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in Section 1 of this
      Schedule B is unavailable, in whole or in part, for any reason to an Indemnified Party in respect of any Claim, the Corporation (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Indemnifier</font>&#8221;) and the
      applicable Underwriter or Underwriters shall contribute to the amount paid or payable (or, if such indemnity is unavailable only in respect of a portion of the amount so paid or payable, such portion of the amount so paid or payable) by the
      Corporation as a result of such Claim in such proportion as is appropriate to reflect the relative benefits received by the Corporation on the one hand and the applicable Underwriter or Underwriters on the other hand from the offering of the Notes;
      or if this allocation is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to above but also the relative fault of the Corporation on the one hand and the applicable Underwriter
      or Underwriters on the other hand in connection with the information, statement, omission, misrepresentation, order, inquiry, investigation or other matter or thing referred to in Section 1 of this Schedule B which resulted in such Claim, as well as
      any other relevant equitable considerations.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The relative benefits received by the Corporation on the one hand and the applicable Underwriter or Underwriters on the other hand shall
      be deemed to be in the same respective proportions as the total proceeds (net of the underwriting commission (or discount, as the case may be), but before deducting expenses (to the extent that such expenses are payable by the Corporation pursuant to
      Section 3 of this Schedule B)) received by the Corporation from the issue and sale of the Notes, and the total underwriting commission (or discount received, as the case may be) by the applicable Underwriter or Underwriters, in each case, as set out
      in the table on the cover page of the Prospectus bear to the aggregate initial public offering price of the Notes on the cover page of the Prospectus. The relative fault of the Corporation on the one hand and of the applicable Underwriter or
      Underwriters on the other shall be determined by reference to, among other things, whether the information, statement, omission, misrepresentation, order, inquiry, investigation or other matter or thing referred to in Section 1 of this Schedule B
      which resulted in such Claim relates to information supplied by or steps or actions taken or done by or on behalf of the Corporation or to information supplied by or steps or actions taken or done by or on behalf of the applicable Underwriter or
      Underwriters and the relative intent, knowledge, access to information and opportunity to correct or prevent such statement, omission, misrepresentation, order, inquiry, investigation or other matter or thing referred to in Section 1 of this Schedule
      B. The amount paid or payable by an Indemnified Party as a result of the Claim referred to above shall include any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such Claim,
      whether or not resulting in any such action, suit, proceeding or claim. The Corporation and the Underwriters agree that it would not be just and equitable if contribution pursuant to this Section 2 were determined by any method of allocation which
      does not take into account the equitable considerations referred to immediately above.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">B-4</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">A person who is engaged in any fraud, fraudulent misrepresentation or gross negligence shall not, to the extent that a court of competent
      jurisdiction in a final judgment determines that the Claim was caused by that activity, be entitled to claim contribution therefor from any person who has not also been determined by a court of competent jurisdiction in a final judgment to have
      engaged in that fraud, fraudulent misrepresentation or gross negligence.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd7e9339b081b4fcf9fed25e127dedc48" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Right of Contribution in Addition to Other Rights</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The rights to contribution provided in this Section 2 shall be in addition to and not in derogation of any other right to contribution
      which the Underwriters may have by statute or otherwise at law.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="ze82034be74d14c9d8ce7877ce2d4f761" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Calculation of Contribution</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that a court of competent jurisdiction in a final judgment determines that an Indemnifier is entitled to contribution from an
      Underwriter or Underwriters under the provisions of any statute or at law, the Indemnifier shall be limited to contribution in an amount not exceeding the lesser of:</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zedd453aed3f74ff0bba7dad7405432b1" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the portion of the full amount of the loss or liability giving rise to such contribution for which the applicable Underwriter or Underwriters are responsible, as determined
                  in subsection 2(a) of this Schedule B, and</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z746ca48893e14c8f91d90fcad46e98b4" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">the amount of the underwriting commissions actually received by the applicable Underwriter or Underwriters from the Corporation under the Agreement; provided that no
                  Underwriter shall be required to contribute any amount in excess of the underwriting commissions received by such Underwriter or Underwriters in connection with the Notes underwritten by it.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z08cbff824a8744a98c2d58506d92df6a" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Notice of Claim for Contribution</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Notification to the Corporation of a Claim pursuant to subsection 1(b) of this Schedule B shall be deemed to also constitute notice to the
      Corporation that a claim for contribution by the Underwriters may arise and omission to so notify shall have similar effect.</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zad5f3f77f1034a4a958e95a8865a39a3" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Right of Contribution in Favor of Others</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule B, each of the Underwriters are
      contracting on their own behalf and as agents for their affiliates, subsidiaries, directors, officers, employees, agents and control persons (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Beneficiaries</font>&#8221;).





      In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation&#8217;s covenants under paragraphs 1 and 2 of this Schedule B with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants
      on behalf of the Beneficiaries. The Underwriters&#8217; respective obligations to contribute pursuant to this Section 2 are several in proportion to the amounts set forth opposite their names in Schedule A of the Agreement and not joint.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;">
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za885e994bc9a4f108230b26a681cebb5" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Severability</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If any provision of Section 1 or 2 of this Schedule B is determined to be void or unenforceable in whole or in part, it shall be deemed not to affect or
      impair the validity of any other provision of the Agreement and such void or unenforceable provision shall be severable from the Agreement.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">B-5</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <!--PROfilePageNumberReset%Num%1%A-I-%%-->
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ANNEX I</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Issuer Free Writing Prospectuses</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Final Term Sheet dated May 16, 2019.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">A-I-1</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <!--PROfilePageNumberReset%Num%1%A-II-%%-->
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ANNEX II</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Corporation Additional Written Communication</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">None.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">A-II-1</font></div>
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EXHIBIT A</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FORM OF PRICING TERM SHEET</font></div>
  <div><br>
  </div>
  <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FREE WRITING PROSPECTUS</font></div>
  <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Filed Pursuant to Rule 433</font></div>
  <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Registration No. 333-227245</font></div>
  <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">May 16, 2019</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the registration statement, any
      amendment and any applicable prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ALGONQUIN POWER &amp; UTILITIES CORP.</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">US$350,000,000 6.20% Fixed-to-Floating Rate Subordinated Notes &#8211; Series 2019-A due July 1, 2079</font></div>
  <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Preferred Shares Issuable Upon Automatic Conversion</font></div>
  <div><br>
  </div>
  <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z315a1c9ef3d143e0a34b29f1ae9bcd5b" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Issuer:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin Power &amp; Utilities Corp. (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Algonquin</font>&#8221; or the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Company</font>&#8221;)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Security Type:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Fixed-to-Floating Rate Subordinated Notes &#8211; Series 2019-A due July 1, 2079 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
                font-weight: bold;">Notes</font>&#8221;)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Expected Ratings (S&amp;P/Fitch)*:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">BB+ / BB+</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pricing Date:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">May 16, 2019</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Settlement Date**:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">May 23, 2019 (T+5)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Maturity Date:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">July 1, 2079</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Principal Amount of Notes:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">US$350,000,000</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Over-Allotment Option:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">None</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Denominations:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">US$25 and integral multiples of US$25 in excess thereof</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Price to Public:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">100% (US$25.00 per Note)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Sales to Insiders:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Ian Robertson, the Chief Executive Officer and a member of the Board of Directors of the Company (the &#8220;<font style="font-size: 10pt; font-family:
                'Times New Roman'; font-weight: bold;">Board</font>&#8221;), and Christopher K. Jarratt, Vice Chair and a member of the Board, have each agreed to purchase US$500,000 of Notes in this offering.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Use of Proceeds:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Algonquin intends to use the net proceeds of the offering to repay existing indebtedness under the Company&#8217;s term credit facility and the Liberty
              Utilities Group revolving credit facility, to partially finance the Company&#8217;s previously-announced acquisition of Enbridge Gas New Brunswick Limited Partnership, and for general corporate purposes.</font></div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Interest Rate and Interest Payment Dates:</font></div>
  <div><br>
  </div>
  <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zc00487c3f5444118984ff684f687f054" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 8%; vertical-align: top;">&#160;</td>
        <td style="width: 34.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Fixed Rate Period:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">From the issue date of the Notes to, but excluding, July 1, 2024 at a fixed rate equal to 6.20% per year, payable quarterly in arrears on January 1,
              April 1, July 1, and October 1 of each year, with the first payment at such rate being on July 1, 2019.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">&#160;</td>
        <td style="width: 34.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">&#160;</td>
        <td style="width: 34.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Floating Rate Period:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">From July 1, 2024, and on every January 1, April 1, July 1, and October 1 of each year thereafter until the maturity date (each such date, an
              &#8220;Interest Reset Date&#8221;), the interest rate on the Notes will be reset as follows:</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top;">&#160;</td>
        <td style="width: 34.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">starting on July 1, 2024, on every Interest Reset Date until July
              1, 2029, the interest rate on the Notes will be reset on each Interest Reset Date at an interest rate per annum equal to the three month LIBOR plus 4.01%, payable in arrears, with the first payment at such rate being on October 1, 2024,</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">starting on July 1, 2029, on every Interest Reset Date until July
              1, 2049, the interest rate on the Notes will be reset on each Interest Reset Date at an interest rate per annum equal to the three month LIBOR plus 4.26%, payable in arrears, with the first payment at such rate being on October 1, 2029,</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">starting on July 1, 2049, on every Interest Reset Date until the
              maturity date, the interest rate on the Notes will be reset on each Interest Reset Date at an interest rate per annum equal to the three month LIBOR plus 5.01%, payable in arrears, with the first payment at such rate being on October 1, 2049.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Optional Deferral:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">So long as no event of default has occurred and is continuing, the Company may elect, at its sole option, at any date other than an Interest Payment
              Date, to defer the interest payable on the Notes on one or more occasions for up to five consecutive years.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Day Count Convention:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Fixed Rate Period</font>:&#160; 360-day year consisting of twelve
              30-day months.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Floating Rate Period</font>:&#160; Actual number of days elapsed during
              each interest period and a 360-day year.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Business Day:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Any day other than a day on which banks are permitted or required to be closed in New York City, New York or Toronto, Ontario.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Redemption Right:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On or after July 1, 2024, the Company may, at its option, redeem the Notes, in whole at any time or in part from time to time, on any Interest
              Payment Date at a redemption price per US$25 principal amount of the Notes equal to 100% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Redemption on Tax Event or Rating Event:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">After the occurrence of a Tax Event, the Company may, at its option, redeem all (but not less than all) of the Notes at a redemption price per US$25
              principal amount of the Notes equal to 100% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Prior to the initial Interest Reset Date and within 90 days following the occurrence of a Rating Event, the Company may, at its option, redeem all
              (but not less than all) of the Notes at a redemption price per US$25 principal amount of the Notes equal to 102% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption.</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>

  </table>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z3751e3f47ff846b19d94ff1b33329ac4" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Automatic Conversion:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Notes, including accrued and unpaid interest thereon, will be converted automatically (&#8220;<font style="font-size: 10pt; font-family: 'Times New
                Roman'; font-weight: bold;">Automatic Conversion</font>&#8221;), without the consent of the holders of the Notes, into shares of a newly issued series of preferred shares of the Company (the &#8220;<font style="font-size: 10pt; font-family: 'Times New
                Roman'; font-weight: bold;">Conversion Preferred Shares</font>&#8221;) upon the occurrence of: (i) the making by the Company of a general assignment for the benefit of its creditors or a proposal (or the filing of a notice of its intention to do
              so) under the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Bankruptcy and Insolvency Act</font> (Canada), (ii) any proceeding instituted by the Company seeking to adjudicate it as bankrupt (including any
              voluntary assignment in bankruptcy) or insolvent or, where the Company is insolvent, seeking liquidation, winding up, dissolution, reorganization, arrangement, adjustment, protection, relief or composition of its debts under any law relating
              to bankruptcy or insolvency in Canada, or seeking the entry of an order for the appointment of a receiver, interim receiver, trustee or other similar official for the Company or any substantial part of its property and assets in circumstances
              where the Company is adjudged as bankrupt (including any voluntary assignment in bankruptcy) or insolvent, (iii) a receiver, interim receiver, trustee or other similar official is appointed over the Company or for any substantial part of its
              property and assets by a court of competent jurisdiction in circumstances where the Company is adjudged as bankrupt (including any voluntary assignment in bankruptcy) or insolvent under any law relating to bankruptcy or insolvency in Canada;
              or (iv) any proceeding is&#160; instituted against the Company seeking to adjudicate it as bankrupt (including any voluntary assignment in bankruptcy) or insolvent or, where the Company is insolvent, seeking liquidation, winding up, dissolution,
              reorganization, arrangement, adjustment, protection, relief or composition of its debts under any law relating to bankruptcy or insolvency in Canada, or seeking the entry of an order for the appointment of a receiver, interim receiver,
              trustee or other similar official for the Company or any substantial part of its property and assets in circumstances where the Company is adjudged as bankrupt or insolvent under any law relating to bankruptcy or insolvency in Canada, and
              either such proceeding has not been stayed or dismissed within sixty (60) days of the institution of any such proceeding or the actions sought in such proceedings occur (including the entry of an order for relief against the Company or the
              appointment of a receiver, interim receiver, trustee, or other similar official for it or for any substantial part of its property and assets) (each, an &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Automatic





                Conversion Event</font>&#8221;).</font></div>
        </td>
      </tr>

  </table>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z80f8cd6c9eab4a0c98e05ab4b0c8a394" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Automatic Conversion shall occur upon an Automatic Conversion Event (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
                font-weight: bold;">Conversion Time</font>&#8221;). At the Conversion Time, the Notes shall be automatically converted, without the consent of the holders of the Notes, into a newly issued series of fully-paid Conversion Preferred Shares. At such
              time, all outstanding Notes shall be deemed to be immediately and automatically surrendered and cancelled without need for further action by the noteholders, who shall thereupon automatically cease to be holders thereof and all rights of any
              such holder as a debtholder of the Company shall automatically cease. At the Conversion Time, holders of the Notes will receive one Conversion Preferred Share for each US$25 principal amount of Notes previously held together with the number
              of Conversion Preferred Shares (including fractional shares, if applicable) calculated by dividing the amount of accrued and unpaid interest, if any, on the Notes by US$25.</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">CUSIP / ISIN:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div><font style="font-size: 10pt; font-family: 'Times New Roman';">CUSIP: 015857 808</font> <br>
          </div>
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ISIN: US0158578080</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">&#160;</td>
        <td style="width: 57.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 42.28%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Joint Book-Running Managers:</font></div>
        </td>
        <td style="width: 57.72%; vertical-align: top;">
          <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC</font></div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Capitalized terms used and not defined herein have the meanings assigned in the Company&#8217;s Preliminary Prospectus Supplement, dated May 16, 2019.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-family: Symbol, serif;">*</font></sup>&#160;<font style="font-size:
        10pt; font-family: 'Times New Roman'; font-weight: bold;">Note: A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.</font></font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">** We expect that delivery of the Notes will be made against payment therefor on or about the settlement date specified in this communication, which will be the
      fifth business day (or fourth business day in Canada) following the date of pricing of the Notes (this settlement cycle being referred to as &#8220;T+5&#8221;). Under Rule 15c6-1 of the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary
      market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on the date of pricing or the next two business days will be required, by
      virtue of the fact that the Notes initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to make such trades should consult their own
      advisor.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company has not and does not intend to qualify the distribution of the Notes in Canada pursuant to a prospectus. Sales into Canada or to residents of
      Canada, if any, will be made on a private placement basis only in the provinces of British Columbia, Alberta, Saskatchewan, Ontario, Qu&#233;bec and Nova Scotia and only to investors that are &#8220;accredited investors&#8221; as defined in National Instrument 45-106
      - Prospectus Exemptions and &#8220;permitted clients&#8221; as defined in National Instrument 31-103 - Registration Requirements, Exemptions and Ongoing Registrant Obligations.</font></div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">The Company has filed a registration statement (including a short form base shelf prospectus) and a preliminary prospectus supplement with
      the SEC for the offering to which this communication relates. Before you invest, you should read the short form base shelf prospectus in that registration statement, the preliminary prospectus supplement and other documents the Company has filed with
      the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at <font style="font-size: 10pt; font-family: 'Times New Roman';">www.sec.gov</font>.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you
      request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322; J.P. Morgan Securities LLC at 1-212-834-4533;&#160; RBC Capital Markets, LLC toll-free at 1-866-375-6829; or Wells Fargo Securities, LLC at 1-800-645-3751.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Not for retail investors in the EEA. No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.</font></div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or
      notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.</font></div>
  <div><br>
  </div>
  <div>
    <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
