UNDERWRITING AGREEMENTPetrofund Energy Trust • June 8th, 2005 • Crude petroleum & natural gas • Alberta
CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Canaccord Capital Corporation, FirstEnergy Capital Corp., GMP Securities Ltd., Raymond James Ltd. and First Associates Investments Inc. (collectively, the "Underwriters") understand that Petrofund Energy Trust (the "Trust") proposes to issue and sell 4,150,000 trust units of the Trust (the "Trust Units") pursuant to this agreement.
