ONCOLYTICS BIOTECH INC. 4,250,000 Shares 1,700,000 Warrants UNDERWRITING AGREEMENTUnderwriting Agreement • November 18th, 2009 • Oncolytics Biotech Inc • Pharmaceutical preparations • New York
Oncolytics Biotech Inc., an Alberta corporation (the “Company”), proposes, subject to the terms and conditions contained herein, to sell to you and the other underwriters named on Schedule I to this Agreement (the “Underwriters”), for whom you are acting as Representative (the “Representative”), an aggregate of 4,250,000 units (the “Units”) of the Company (the “Underwritten Securities”), with each such Unit comprised of one of the Company’s common shares (the “Common Shares”), and 0.4 of one warrant to purchase Common Shares, with each whole warrant exercisable for one Common Share (each, a “Warrant” and collectively, the “Warrants”). The respective amounts of the Underwritten Securities to be purchased by each of the several Underwriters are set forth opposite their names on Schedule I hereto. In addition, the Company proposes to grant to the Underwriters an option to purchase up to an additional 637,500 Common Shares (the “Option Shares”) and/or up to an additional 255,000 Warrants (
