SHAREHOLDER RIGHTS PLAN AGREEMENT DATED AS OF OCTOBER 7, 2011 BETWEEN NORTH AMERICAN ENERGY PARTNERS INC. AND CIBC MELLON TRUST COMPANY AS RIGHTS AGENTShareholder Rights Plan Agreement • October 7th, 2011 • North American Energy Partners Inc. • Oil & gas field services, nec • Ontario
SHAREHOLDER RIGHTS PLAN AGREEMENT dated as of October 7, 2011, between North American Energy Partners Inc. (the “Corporation”), a corporation existing under the laws of Canada, and CIBC Mellon Trust Company, a company existing under the laws of Canada (the “Rights Agent”);
ATTACHMENT I NORTH AMERICAN ENERGY PARTNERS INC. SHAREHOLDER RIGHTS PLAN AGREEMENT FORM OF RIGHTS CERTIFICATEShareholder Rights Plan Agreement • October 7th, 2011 • North American Energy Partners Inc. • Oil & gas field services, nec
This certifies that, or registered assigns, is the registered holder of the number of Rights set forth above, each of which entitles the registered holder thereof, subject to the terms, provisions and conditions of the Shareholder Rights Plan Agreement, dated as of October 7, 2011, as the same may be amended or supplemented from time to time (the “Shareholder Rights Agreement”), between North American Energy Partners Inc., a corporation existing under the laws of Canada (the “Corporation”) and CIBC Mellon Trust Company, a company existing under the laws of Canada (the “Rights Agent”) (which term shall include any successor Rights Agent under the Shareholder Rights Agreement), to purchase from the Corporation at any time after the Separation Time (as such term is defined in the Shareholder Rights Agreement) and prior to the Expiration Time (as such term is defined in the Shareholder Rights Agreement), one fully paid common share of the Corporation (a “Common Share”) at the Exercise Pric
