NGC CORPORATION CAPITAL TRUST I Series A 8316% Subordinated Capital Income Securities PURCHASE AGREEMENTPurchase Agreement • March 8th, 2012 • Dynegy Inc. • Electric services • New York
NGC Corporation Capital Trust I, a Delaware statutory business trust (the “Trust”), proposes to issue and sell to you (collectively, the “Initial Purchasers”) an aggregate of $200,000,000 liquidation amount of its Series A 8.316% Subordinated Capital Income Securities (liquidation amount $1,000 per Security) (the “Capital Securities”), guaranteed (the “Guarantee”; together with the Capital Securities, the “Securities”) by the Company (as defined herein) to the extent set forth in the Series A Capital Securities Guarantee Agreement (the “Capital Securities Guarantee Agreement”) to be entered into between the Company and The First National Bank of Chicago, as Guarantee Trustee (the “Guarantee Trustee”). NGC Corporation, a Delaware corporation (the “Company”), will be the owner of all of the beneficial ownership interests represented by Common Securities (the “Common Securities”) of the Trust, guaranteed by the Company to the extent set forth in the Common Securities Guarantee Agreement (
