UNDERWRITING AGREEMENTUnderwriting Agreement • January 27th, 2009 • Central Fund of Canada LTD • Investors, nec • Ontario
CIBC World Markets Inc., (the “Underwriter”), understands that Central Fund of Canada Limited (the “Corporation”) proposes to issue and sell to the Underwriter 11,540,000 Class A non-voting, fully participating shares (“Class A Shares”) in the capital of the Corporation (the “Underwritten Shares”). We further understand that the Corporation has prepared and filed a short form base shelf prospectus, a registration statement and all necessary documents relating thereto and will prepare and file, without delay, a third prospectus supplement and all necessary related documents and will take all additional necessary steps to qualify or register the Underwritten Shares for distribution in each of the Qualifying Canadian Jurisdictions (as defined below) and in the United States, as applicable.
