AGENCY AGREEMENT FEBRUARY 25, 2011Agency Agreement • February 25th, 2011 • Ontario
Contract Type FiledFebruary 25th, 2011 JurisdictionNorthern Securities Inc. (“Northern Securities”) and Byron Capital Markets Ltd. (“Byron” and collectively with Northern Securities, the “Agents” and each individually, an “Agent”) understand that Northern Financial Corporation (the “Company”) proposes to issue and sell a minimum of 6,666,667 and a maximum of 16,666,667 common shares of the Company (“Common Shares”) at a price of $0.30 per Common Share for aggregate gross proceeds of up to approximately $5,000,000 (the “Offering”) and further that the Company wishes to appoint the Agents as agents for the Offering on an exclusive basis as set forth in this agreement.