Standard Contracts
UNDERWRITING AGREEMENTUnderwriting Agreement • May 3rd, 2010 • Mag Silver Corp • Gold and silver ores
The undersigned, BMO Nesbitt Burns Inc. (“BMO” or the “Lead Underwriter”), Macquarie Capital Markets Canada Ltd., Canaccord Financial Ltd. and Raymond James Ltd. (each, including the Lead Underwriter, an “Underwriter” and collectively the “Underwriters”) understand that MAG Silver Corp. (the “Company”) proposes to issue and sell an aggregate of 4,185,000 common shares in the capital of the Company (the “Purchased Shares”). The Underwriters hereby severally, and not jointly, nor jointly and severally, offer to purchase from the Company in the percentages set forth in section 8.1 of this Agreement, all but not less than all of the Purchased Shares on a “bought deal” basis, at the purchase price of $7.65 per common share (the “Purchase Price”) for aggregate gross proceeds of $32,015,250.
