FORM OF LONE PINE RESOURCES INC. 15,000,000 Shares of Common Stock Underwriting AgreementUnderwriting Agreement • May 11th, 2011 • Lone Pine Resources Inc. • Crude petroleum & natural gas • New York
Lone Pine Resources Inc., a Delaware corporation (the “Company”) and a wholly-owned subsidiary of Forest Oil Corporation, a New York corporation (“Forest”), proposes to issue and sell to the several persons listed in Schedule 1 hereto as a “Canadian Underwriter” or a “U.S. Underwriter” (collectively, the “Underwriters”), for whom you are acting as representative (the “Representative”), an aggregate of 15,000,000 shares (the “Firm Securities”) of common stock, par value $0.01 per share (the “Common Stock”), of the Company. In addition, the Company proposes to issue and sell to the Underwriters, at the option of the Underwriters, up to an additional 2,250,000 shares of Common Stock solely to cover over-allotments (the “Optional Securities”). The Firm Securities and the Optional Securities are herein referred to as the “Securities.” The shares of Common Stock to be outstanding after giving effect to the sale of the Securities are referred to herein as the “Stock.” The Stock, including the
