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  Exhibit 4.7    
    

  

To
the Securities Commission or similar regulatory authority in each of the provinces and territories of Canada 

Dear
Sirs/Mesdames: 

Re: TransCanada Corporation (the "Corporation")

We
refer to the short form base shelf prospectus of the above Corporation dated December 23, 2015 (the "Prospectus") relating to the offer and issue of up to $2,000,000,000
(or the equivalent in US dollars or other currencies) common shares, first preferred shares, second preferred shares and subscription receipts of the Corporation. 

We
consent to being named and to the use, through incorporation by reference in the above-mentioned Prospectus, of our report dated February 12, 2015 to the shareholders of the Corporation on
the following consolidated financial statements: 

Consolidated
balance sheets as at December 31, 2014 and December 31, 2013, 

Consolidated
statements of income, cash flows, comprehensive income, and equity for each of the years in the three-year period ended December 31, 2014, and 

notes,
comprising a summary of significant accounting policies and other explanatory information. 

We
report that we have read the Prospectus and all information specifically incorporated by reference therein and have no reason to believe that there are any misrepresentations in the information
contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our audit of such consolidated financial
statements. We have complied with Canadian generally accepted standards for an auditor's consent to the use of a report of the auditor included in an offering document, which does not constitute an
audit or review of the Prospectus as these terms are described in the CPA Canada Handbook — Assurance. 

Yours
very truly, 

  

Chartered
Professional Accountants 

December 23,
2015

Calgary, Canada 

 

			
	 	 	KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

KPMG Canada provides services to KPMG LLP.
	

 	
 	
 KPMG Confidential

 

 

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Exhibit 4.7QuickLinks
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  Exhibit 4.8    
    

 

 

			
	

 	 	

 

 

 December 23,
2015 

VIA SEDAR — PROJECT #02429893  

Alberta Securities Commission (as Principal Regulator under National Policy 11-202)

British Columbia Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers

Nova Scotia Securities Commission

Prince Edward Island Superintendent of Securities

New Brunswick Financial and Consumer Services Commission

Superintendent of Securities, Service Newfoundland and Labrador

Northwest Territories Superintendent of Securities

Yukon Superintendent of Securities

Nunavut Superintendent of Securities 

Dear
Sirs: 

 

			
	Re:	 	TransCanada Corporation

Final Short Form Base Shelf Prospectus

 

 We
refer to the final short form base shelf prospectus dated December 23, 2015 (the "Prospectus") of TransCanada Corporation
(the "Corporation") relating to the offering by the Corporation of common shares, first preferred shares, second preferred shares and
subscription receipts having an aggregate offering price of up to $2,000,000,000. 

We
hereby consent to the references to our firm name under the headings "Enforceability of Civil Liabilities", "Legal Matters", "Interest of Experts" and "Documents Filed as Part of the Registration
Statement" in the Prospectus and to the use of our opinion under the heading "Enforceability of Civil Liabilities" in the Prospectus. 

We
confirm that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are derived from our opinion
referred to therein or that are within our knowledge as a result of the services we performed in connection with such opinion. 

 

			
	 	 	Yours truly,
	

 	
 	
 
	 	 	(signed) "Blake, Cassels & Graydon LLP"

 

  

  

 

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Exhibit 4.8ex10-3.htm

Exhibit 10.3

 

AMENDMENT AGREEMENT

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is dated this eighteenth day of December, 2015 (the “Execution Date”), by and among BLUE CALYPSO, INC., a Delaware corporation (the “Company”) and MAGNA EQUITIES II, LLC, a New York limited liability company (the “Holder”).  Capitalized terms not defined herein shall have the meaning as set forth in the Transaction Documents (as defined below).

 

WHEREAS, the Holder and the Company entered into that certain Note Purchase Agreement, dated July 20, 2015 (the “NPA”), pursuant to which, among other things, the Company issued to the Holder a Senior Convertible Note of even date in the Original Principal Amount of $550,000 (the “Note,” and together with the NPA, the “Transaction Documents”).

 

WHEREAS, pursuant to recent discussions between the Holder and the Company, the Holder and the Company have mutually agreed to amend the terms of the Transaction Documents in accordance with this Agreement.

 

NOW, THEREFORE, in consideration of the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Holder hereby agree as follows:

 

Section 1. Payments of Principal; Prepayment.  Subject to and upon the terms and conditions set forth in this Agreement, on the Execution Date, the Company hereby agrees to repay to the Holder an amount equal to $300,000 in consideration for the extinguishment of $250,000 of the Principal outstanding as of the Execution Date. Upon mutual execution of this Agreement and satisfaction of the terms of this Section 1, the Principal outstanding on the Note shall be $300,000 (the “New Principal Amount”).

 

Section 2. Interest.  Effective as of the Execution Date, on the February 20, 2016, the Company shall accrue and become automatically and irrevocably obligated to pay to the Holder interest equal to five (5%) percent of the New Principal Amount.

 

Section 3. Equity Conditions.  Effective as of the Execution Date:

 

3.1 The average daily dollar trading volume minimum described in Section 30(n)(xi) of the Note shall be reduced to $7,500.

 

3.2 The Weighted Average Price of a share of Common Stock described in Section 30(n)(xii)(a) and 30(n)(xii)(b) of the Note shall be reduced to $0.50.

 

Section 4. Events of Default.  Effective as of the Execution Date:

 

4.1 The Weighted Average Price of a share of Common Stock described in Section 4(xix) of the Note shall be reduced to $0.50.

 

4.2 The Weighted Average Price of a share of Common Stock described in Section 4(xx) of the Note shall be reduced to $0.50.

 

  

  

  

 

Section 5. Company Conversion or Redemption.  Effective as of the Execution Date, if the Company elects to repay any Installment Amount in shares of the Company’s Common Stock and either (i) the Equity Conditions have been met, or (ii) the Holder has waived all Equity Condition Failures, the Holder may, by providing written notice to the Company, elect to defer a portion of the Installment Amount (such amount, the “Deferred Installment Amount”) and receive all or part of the Deferred Installment Amount owed on any date or dates, prior to the following Installment Date, determined solely by the Holder (each such date, a “Holder Election Date”) at a price per share equal to the lesser of (i) the Conversion Price (as amended herein), and (ii) the then applicable Market Price, stated here for reference to mean “80% of the arithmetic average of the three (3) daily Weighted Average Prices of the Common Stock during the Measuring Period. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination, reclassification or other similar transaction during such Measuring Period.” Each Holder Election Date shall constitute a date of determination for the purposes of calculating the Measuring Period. If the Holder has not received the full Installment Amount in cash or in shares by the following Installment Date, such outstanding amount shall be added to the Installment Amount due on the following Installment Date.

 

Section 6. Conversion Price.  The Conversion Price shall mean, as of any date of determination, $4.25 per share, subject to adjustment as provided in the Transaction Documents.

 

Section 7. Installment Date.  “Installment Date” means February 20, 2016 and March 20, 2016, April 20, 2016, and May 20, 2016, or if any such date falls on a Holiday, the next day that is not a Holiday.

 

Section 8. Security.  Upon execution, the Holder shall waive any rights to present and future Security pursuant to the Note.

 

 [Signature Page Follows]

 

 

  

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IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as of the date first written above.

 

BLUE CALYPSO, INC

By:/s/ Andrew Levi

Name:  Andrew Levi

Title:    CEO

MAGNA EQUITIES II, LLC

By: /s/ Joshua Sason

Name: Joshua Sason

Title: Managing MemberExhibit

Exhibit 10.5

PERFORMANCE UNIT AWARD AGREEMENT
(2015 Award)

THIS PERFORMANCE UNIT AWARD AGREEMENT (this “Agreement”), made and entered into as of the 12th day of December, 2012, by and between Piedmont Natural Gas Company, Inc. (the “Company”) and                  (the “Participant”).

WITNESSETH:

WHEREAS, the Company has adopted, and its shareholders have approved, the Piedmont Natural Gas Company, Inc. Incentive Compensation Plan (the “Plan”); and

WHEREAS, on October 17, 2012, the Compensation Committee of the Company’s Board of Directors (the “Committee”) established a three-year performance period under the Plan beginning November 1, 2012 and ending October 31, 2015 (the “2015 Award Performance Period”), and the Committee approved the award of Performance Units for the 2015 Award Performance Period; and

WHEREAS, the Participant has been awarded __________ (X,XXX) Performance Units for the 2015 Award Performance Period.

NOW, THEREFORE, in consideration of these premises and the mutual promises contained herein, the parties hereto hereby agree as follows:

1.The Participant acknowledges that the grant and distribution of the award hereunder is governed by the terms of the Plan, and the terms of the Plan are incorporated into this Agreement in their entirety and made a part hereof by reference.  Unless otherwise defined herein, capitalized terms used herein shall have the meaning set forth in the Plan.  In the event of any conflict between the terms of the Plan and this Agreement, the terms of the Plan shall control.

2.The percentage of the Performance Units awarded to the Participant that shall be distributed to the Participant shall depend on the levels of performance achieved during the 2015 Award Performance Period as set forth on Exhibit A attached hereto.  No distributions of Performance Units shall be made with respect to a particular measure of performance if the minimum percentage of the applicable measure of performance is not achieved for the 2015 Award Performance Period as set forth on Exhibit A. 

The performance levels achieved for the 2015 Award Performance Period and the percentage of Performance Units to be distributed shall be conclusively determined by the Compensation Committee of the Board of Directors.

Notwithstanding the foregoing, in the event the Participant’s employment with the Company is terminated by the Company without Cause or by the Participant for Good Reason, in either case within a period of one year following the occurrence of a Change in Control and prior to the end of the Performance Period, one hundred percent (100%) of the 2015 Award Performance Units awarded to the Participant hereunder shall be distributed to the Participant without any adjustment for the levels of performance actually achieved during the 2015 Award Performance Period prior to or after the Change in Control.

3.The percentage of Performance Units awarded to the Participant which the Participant shall become entitled to receive shall be distributed in the form of shares of the Company’s common stock (“Shares”), with one earned Performance Unit equal to one Share. 

4.The Company shall deduct from any Shares otherwise distributable to the Participant that number of Shares having a value equal to the amount of any taxes required by law to be withheld from awards made under the Plan.  The Participant may elect to have the Company withhold a greater number of Shares (up to a maximum of fifty percent (50%) of the Shares distributable to the Participant) for tax withholding.

5.The extent to which the Performance Units are forfeited or remain outstanding in the event the Participant terminates employment with the Company prior to the end of the 2015 Award Performance Period for any reason, including due to the Participant’s death, Disability or Retirement, shall be governed by the terms of the Plan.  

6.No award of undistributed Performance Units hereunder to the Participant shall entitle the Participant to any right as a stockholder of the Company. 

7.The Participant’s award under the Plan may not be assigned or alienated.  Subject to any limitations under the Plan on transferability, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

8.Neither the Plan, nor this Agreement, nor any action taken under the Plan or this Agreement shall be construed as giving to the Participant the right to be retained in the employ of the Company.

9.Any distribution of Shares may be delayed until the requirements of any applicable laws or regulations or any stock exchange requirements are satisfied.  The Shares distributed to the Participant shall be subject to such restrictions and conditions on disposition as counsel for the Company shall determine to be desirable or necessary under applicable law.

10.The Participant may designate a beneficiary or beneficiaries to receive all or part of the Performance Units to be distributed to him/her under the Plan in case of death of the Participant.  Any such Performance Units awarded under this Plan shall be distributed to the beneficiary(ies) designated in Exhibit B that is incorporated herein for all purposes.  If no beneficiary (ies) is designated, such Performance Units shall be paid to the estate of the Participant.

2

11.The Committee shall have authority to administer and interpret the Plan and to establish rules for its administration.

12.This Agreement constitutes the entire understanding of the parties on the subjects covered. The Participant expressly warrants that he/she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein.  Except with respect to modifications of the Plan as provided therein, this Agreement can be amended only in writing executed by the Participant and a duly authorized officer of the Company. 

13.This Agreement shall be governed by the laws of the State of North Carolina to the extent not preempted by applicable federal law.

IN WITNESS WHEREOF, the parties hereto have executed or caused this Agreement to be executed in duplicate as of the date first above written.

PIEDMONT NATURAL GAS COMPANY, INC.

By:    
Chairman, President and Chief Executive Officer

By: _______________________________________
Participant

3

EXHIBIT A

Performance Measures for the Three-Year Performance
Period beginning November 1, 2012 (2015 Award)

A financial performance target of 4% compounded annual increase in basic earnings per share (“ESP Growth”) will govern 37.5% of the Performance Units awarded.

Total shareholder return (“TSR”) in comparison to the designated industry peer group as approved by the Compensation Committee of the Board of Directors (increase in stock price plus dividends paid over the 2015 Performance Period) will govern 37.5% of the Performance Units awarded.

The amount of net income returned as a percentage of shareholders equity, or return on equity (“ROE”), will govern 25% of the Performance Units awarded.

	
												
	EPS Growth (37.5% Weight)
	 
	Relative TSR (37.5% Weight)
	 
	ROE (25% Weight)

	

Actual EPS Growth as % of the 4.0% Annual EPS Growth
Target
	 
	

% of Performance Units
Earned
	 
	

Company’s TSR as a Percentile Ranking
Of Peer Group TSR
	 
	

% of Performance Units
Earned
	 
	

Company’s ROE as a Percentage of Weighted Average Allowed ROE
	

	

% of Performance Units Earned

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Less than 75%
	 
	0%
	 
	Less than 25%
	 
	0%
	 
	Less than 95%
	 
	0%

	75%
	 
	50%
	 
	25% - 39%
	 
	50%
	 
	95%
	 
	50%

	100%
	 
	100%
	 
	40% - 49%
	 
	75%
	 
	100%
	 
	100%

	125% or greater
	 
	150%
	 
	50% - 74%
	 
	100%
	 
	120% or greater
	 
	150%

	 
	 
	 
	 
	75% - 89%
	 
	125%
	 
	 
	 
	 

	 
	 
	 
	 
	90% or greater
	 
	150%
	 
	 
	 
	 

		
	Note:
	EPS Growth and ROE levels between threshold (75% and 95%, respectively) and stretch (125% and 120%, respectively) will be subject to mathematical interpolation.

EXHIBIT B

Piedmont Natural Gas Company, Inc. 
Long Term Incentive Plan
2015 Award (Performance Period 11/01/12 to 10/31/15)

Beneficiary Designation Form
        
Upon my death, I hereby designate the following beneficiary(ies) to receive any undistributed Performance Units (which the Participant is entitled to receive under the Plan) awarded under this Agreement to the following:
	
				
	Primary Beneficiary 1

	Name:
	Date of Birth:
	Relationship:
	Percentage:

	Street Address:

	City, State, Zip Code:

	
				
	Primary Beneficiary 2

	Name:
	Date of Birth:
	Relationship:
	Percentage:

	Street Address:

	City, State, Zip Code:

	
				
	Primary Beneficiary 3

	Name:
	Date of Birth:
	Relationship:
	Percentage:

	Street Address:

	City, State, Zip Code:

If any Primary Beneficiary predeceases me, then each such Primary Beneficiary’s share will be distributed to the remaining Primary Beneficiary(ies) in proportion to the percentage shares designated for the surviving beneficiaries.  If all Primary Beneficiaries are deceased at the time of my death, I designate as Contingent Beneficiary(ies):
	
				
	Contingent Beneficiary 1

	Name:
	Date of Birth:
	Relationship:
	Percentage:

	Street Address:

	City, State, Zip Code:

	
				
	Contingent Beneficiary 2

	Name:
	Date of Birth:
	Relationship:
	Percentage:

	Street Address:

	City, State, Zip Code:

	
				
	Contingent Beneficiary 3

	Name:
	Date of Birth:
	Relationship:
	Percentage:

	Street Address:

	City, State, Zip Code:

If any Contingent Beneficiary predeceases me, then each such Contingent Beneficiary’s share will be distributed to the remaining Contingent Beneficiary(ies) in proportion to the percentage shares designated for the surviving beneficiaries.

Participant’s Name (Print or Type): _________________________________
    
Participant’s Signature: ___________________________________________

Date: _________________

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