Accelerated Share Purchase Transaction Sample Contracts

MORGAN STANLEY & CO. LLC 1585 BROADWAY NEW YORK, NY 10036-8293 May 31, 2019

Accelerated Share Purchase Transaction • June 3rd, 2019 • Algonquin Power & Utilities Corp. • Electric services • New York

• Contract Type
  Accelerated Share Purchase Transaction
• Filed
  June 3rd, 2019
• Company
  Algonquin Power & Utilities Corp.
• Industry
  Electric services
• Jurisdiction
  New York

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Morgan Stanley & Co. LLC (“MSCO”) and AAGES (AY Holdings) B.V. (“Counterparty”) on the Trade Date specified below (the “Transaction”). This confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.