Common Contracts

AGENCY AGREEMENT

Agency Agreement • November 15th, 2010 • British Columbia

• Contract Type
  Agency Agreement
• Filed
  November 15th, 2010
• Jurisdiction
  British Columbia

We, Haywood Securities Inc., Raymond James Ltd., and Canaccord Genuity Corp. (collectively, the “Agents”), understand that Balmoral Resources Ltd. (the “Issuer”) proposes to sell 24,916,600 non flow-through units (the “Units”) at a price of $0.60 per Unit and 3,812,500 flow- through shares (the “FT Shares”) at a price of $0.80 per FT Share, for aggregate proceeds of