UNDERWRITING AGREEMENTUnderwriting Agreement • May 29th, 2014 • Bellatrix Exploration Ltd. • Crude petroleum & natural gas • Alberta
Canaccord Genuity Corp. (“Canaccord”) and Dundee Securities Ltd. (together, the “Lead Underwriters”), AltaCorp Capital Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Northland Securities, Inc., TD Securities Inc., CIBC World Markets Inc., GMP Securities L.P., Paradigm Capital Inc. and Scotia Capital Inc. (collectively, the “Underwriters”) understand that Bellatrix Exploration Ltd. (the “Corporation”) proposes to issue and sell 15,800,000 Common Shares (as defined herein) of the Corporation (the “Firm Shares”) at a price of C$9.50 per Firm Share.
