Company: TCPA
Filing Date: 2025-10-06
Form Type: SUPPL
Source: 0001193125-25-231083
Chunk: 37

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-10-06
Form: SUPPL
Chunk 37
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 in which the Corporation (or any successor thereto) is incorporated or organized, engaged in business for tax purposes, or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clauses (1) and (2), a “ Relevant Taxing Jurisdiction”), will not be less than the amount provided in those Notes to be then due and payable (and the Corporation will remit the full amount withheld to the relevant authority in accordance with applicable law). However, the Corporation will not be required to make any payment of additional amounts:

| (a) | to any person in respect of whom Taxes imposed by Canada are required to be withheld or deducted as a result of                                                                                                                      
 such person or any other person that has a beneficial interest in respect of any payment or deemed payment under those Notes (i) not dealing at arm’s length with the Corporation (within the meaning of the Income Tax Act (Canada) 
 and the regulations thereunder (collectively, the “Tax Act”)), (ii) being a “specified non-resident shareholder” (as defined in subsection 18(5) of the Tax Act) of the                                                              
 Corporation, or (iii) not dealing at arm’s length (for the purposes of the Tax Act) with a “specified shareholder” (as defined in subsection 18(5) of the Tax Act) of the Corporation;                                               |

| (b) | for or on account of Canadian withholding Taxes imposed on a deemed dividend arising under subsection 214(18)                                                                                                                             
 of the Tax Act as a result of the Corporation being a “specified entity” (as defined in subsection 18.4(1)) in respect of the Noteholder (other than where the Corporation is a specified entity in respect of the Noteholder solely as a 
 result of the existence, exercise or enforcement of rights under any Notes);                                                                                                                                                              |

S-23

| (c) | to any person for any Tax by reason of such person being formerly or presently connected with the Relevant                                                                                                        
 Taxing Jurisdiction (otherwise than merely by holding or ownership of those Notes or receiving any payments or exercising any rights thereunder), including without limitation a non-resident insurer who carries 
 on an insurance business in Canada and in a country other than Canada;                                                                                                                                            |

| (d) | for or on account of any Tax which would not have been so imposed, deducted or withheld but for: (i) the                                                                                                                                                  
 presentation by the