UNDERWRITING AGREEMENTUnderwriting Agreement • January 18th, 2011 • Transglobe Energy Corp • Crude petroleum & natural gas • Alberta
Macquarie Capital Markets Canada Ltd. (the "Lead Underwriter") and Dundee Securities Corporation, GMP Securities L.P., Canaccord Genuity Corp., FirstEnergy Capital Corp., Fraser Mackenzie Limited and Peters & Co. Limited (collectively, the "Underwriters") understand that TransGlobe Energy Corporation (the "Corporation") proposes to issue and sell 5,000,000 Common Shares (as defined herein) of the Corporation (the "Firm Shares") at a price of $15.00 per Firm Share. We also understand that the Corporation will prepare and file, in accordance with the terms hereof, the Preliminary Prospectus (as defined herein), the Prospectus (as defined herein) and all other necessary documents in order to qualify the Firm Shares for distribution to the public in each of the Qualifying Provinces (as defined herein).
