SELLING AGENCY AGREEMENTSelling Agency Agreement • June 12th, 2009
Contract Type FiledJune 12th, 2009Renaissance Securities (Cyprus) Limited and Quam Securities Company Limited (the "Special Selling Agents") understand that Tethys Petroleum Limited (the "Company") proposes to issue and sell a minimum of 20,672,000 Ordinary Shares (as defined below) and a maximum of 51,680,000 Ordinary Shares (the "Offered Shares" or the "Shares"). The Offered Shares will be sold at the purchase price of US$0.387 per Offered Share ("Offer Price"), for aggregate minimum gross proceeds of US$8,000,064 and aggregate maximum gross proceeds of US$20,000,160, provided that Offered Shares may be purchased by the subscribers therefor at a purchase price of CDN$0.425 per Offered Share.