UNDERWRITING AGREEMENTUnderwriting Agreement • March 10th, 2021 • Ontario
Contract Type FiledMarch 10th, 2021 JurisdictionBased on the terms and conditions set out below, Haywood Securities Inc. (“Haywood”) and Red Cloud Securities Inc. (collectively, the “Underwriters”) hereby severally, and not jointly, nor jointly and severally agree to purchase, in the respective percentages set out in Section 13 below from International Consolidated Uranium Inc. (the “Company”), and the Company by its execution of this Agreement (as defined below) agrees to issue and sell to the Underwriters, or Substituted Purchasers (as defined below), at the Time of Closing (as defined below), 4,175,000 units (the “Offered Units”) of the Company at a price of $1.20 per Offered Unit for aggregate gross proceeds of $5,010,000, all subject to and in accordance with the provisions of Section 9. Each Offered Unit is comprised of one Common Share (as defined below) (each, a “Unit Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”), with each Warrant being exercisable into one Common Share (a “Warr