UNDERWRITING AGREEMENTUnderwriting Agreement • March 31st, 2005 • Dynamic Oil & Gas Inc • Crude petroleum & natural gas • British Columbia
Octagon Capital Corporation and Raymond James Ltd. (the “Underwriters”) understand that Dynamic Oil & Gas, Inc. (the “Corporation”) proposes to sell and issue 2,000,000 Common Shares to be issued to subscribers on a flow-through basis (“Flow-Through Shares”) and, subject to exercise by the Underwriters of the Underwriters’ Option, up to an additional 400,000 Common Shares on a non “flow-through” basis (such Common Shares in respect of which the Underwriters’ Option is exercised referred to as the “Option Shares” and the Flow-Through Shares and the Option Shares being collectively referred to as the “Offered Shares”).
