Common Contracts

AGENCY AGREEMENT

Agency Agreement • September 26th, 2012

• Contract Type
  Agency Agreement
• Filed
  September 26th, 2012

Salman Partners Inc. and Portfolio Strategies Securities Inc. (together, the “Agents” and each, an “Agent”) hereby agree to act as agents, on a “best efforts” agency basis, for: (a) Altitude Resources Ltd. (“Altitude”) in connection with the offering for sale, on a private placement basis, by Altitude of an aggregate of up to 4,170,000 Subscription Receipts (defined below) at a purchase price of Cdn.$0.60 per Subscription Receipt (defined below); and (b) Triumph Ventures III Corporation (“Triumph”) in connection with the offering for sale, on a private placement basis, by Triumph of an aggregate of up to 3,570,000 FT Subscription Receipts (defined below) at a purchase price of Cdn.$0.70 per FT Subscription Receipt (collectively, the “Offering”). Altitude has also granted to the Agents an option to sell, at the Agents’ election, up to an additional 625,500 Subscription Receipts and Triumph has granted to the Agents an option to sell, at the Agents’ election, up to an additional 535,500