Cumulative Redeemable Perpetual Preferred Shares Just Energy Group Inc. UNDERWRITING AGREEMENTUnderwriting Agreement • February 7th, 2017 • Just Energy Group Inc. • Natural gas distribution • New York
Just Energy Group Inc., a corporation incorporated under the Canada Business Corporations Act (“CBCA”) and having its head office located in the Province of Ontario, Canada (the “Company”), proposes to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”) for whom you are acting as representatives (the “Representatives”) an aggregate of 4,000,000 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) of the Company. The Series A Preferred Shares to be issued and sold to the Underwriters as set forth on Schedule I hereto are collectively referred to as the “Firm Shares.” The Company also proposes to grant to the Underwriters an option to purchase up to 600,000 additional Series A Preferred Shares (the “Option Shares”). The Firm Shares and the Option Shares are hereinafter referred to collectively as the “Shares”.
