UNDERWRITING AGREEMENTUnderwriting Agreement • February 23rd, 2012 • Transglobe Energy Corp • Crude petroleum & natural gas • Alberta
Scotia Capital Inc., Macquarie Capital Markets Canada Ltd., Canaccord Genuity Corp., RBC Dominion Securities Inc., Dundee Securities Ltd., FirstEnergy Capital Corp. and GMP Securities L.P. (collectively, the “Underwriters”) understand that TransGlobe Energy Corporation (the “Corporation” or “TransGlobe”) proposes to issue and sell 85,000 convertible unsecured subordinated debentures (each a “Firm Debenture”) with a face value of $1,000 principal amount per Firm Debenture, a coupon of 6.0% per annum, payable semi-annually in arrears on September 30 and March 31 of each year commencing on September 30, 2012 and with a maturity date of March 31, 2017 (the “Maturity Date”).
