DISTRIBUTION AGREEMENTDistribution Agreement • February 19th, 2008 • Allete Inc • Electric & other services combined • New York
ALLETE, Inc., a Minnesota corporation (the “Company”), confirms its agreement with KCCI Inc., as agent (“you” or “KCCI”), with respect to the issuance and sale from time to time by the Company, in the manner and subject to the terms and conditions described below, of up to an aggregate of 2,500,000 shares (the “Maximum Number of Shares”) of common stock, without par value (the “Common Stock”), including the preferred share purchase rights attached thereto (“Rights”), of the Company. Such 2,500,000 shares, including the attached Rights, are hereinafter collectively referred to as the “Shares.” The Shares are described in the Prospectus referred to below.
