Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Kimber Resources Inc. - Exhibit 4.q

AGENCY AGREEMENT -- UNIT PRIVATE PLACEMENT

THIS AGREEMENT dated for reference March 26, 2003, is made 

BETWEEN 

  
    
      
         KIMBER RESOURCES INC., of #215-800 West Pender Street, Vancouver,
          BC, V6C 2V6 

      

    

  

 (the "Issuer");

AND 

  
    
      
         CANACCORD CAPITAL CORPORATION, of 2200 – 609 Granville
          Street, Vancouver, BC, V7Y 1H2 

      

    

  

 (the "Agent").

WHEREAS: 

 A.               The
  Issuer wishes to privately place with purchasers up to 1,666,667 Units at a
  price of $0.45 per Unit; 

 B.               The
  Issuer wishes to appoint the Agent to distribute the Units, and the Agent is
  willing to accept such appointment on the terms and conditions of this Agreement;

THE PARTIES to this Agreement therefore agree:

1.               DEFINITIONS

 In this Agreement and the Recitals hereto:

	 	 (a)      	 "Administration Fee" means the fee which is set
        out in this Agreement and which is payable to the Agent by the Issuer
        in consideration of the Agent's services in connection with the coordination
        and review of the Private Placement; 

	 
	 	 (b)      	 "Agent's Fee" means the commission which is set
        out in this Agreement and which is payable by the Issuer to the Agent
        in consideration of the services performed by the Agent under this Agreement;
      

	 
	 	 (c)      	 "Agent's Shares" means the previously unissued common
        shares in the capital of the Issuer, as presently constituted, which will
        be issued as part of the Agent's Units; 

	 
	 	 (d)      	 "Agent's Units" means the units of the Issuer which
        may be issued as part of the Agent's Fee as set out in this Agreement
        and which have the terms provided in this Agreement; 

 

	 	 (e)      	 "Agent's Warrants" means the share purchase warrants
        of the Issuer which will be issued as part of the Agent's Fee and which
        have the terms provided in this Agreement and the certificates representing
        such share purchase warrants; 

	 
	 	 (f)      	 "Agent's Warrant Shares" means the previously unissued
        common shares in the capital of the Issuer, as presently constituted,
        which will be issued upon the exercise of the Agent's Warrants; 

	 
	 	 (g)      	 "Applicable Legislation" means the Securities Act
        or equivalent statute in each of the Selling Provinces, together with
        all the regulations and rules made and promulgated thereunder and all
        administrative policy statements, instruments, blanket order and rulings,
        notices and administrative directions issued by the Commissions; 

	 
	 	 (h)      	 "Closing" means, in respect of any Unit, the day
        on which that Unit is issued to any Purchaser; 

	 
	 	 (i)      	 "Commissions" means the securities commission or
        equivalent regulatory authority in the Selling Provinces; 

	 
	 	 (j)      	 "Current AIF" has the meaning defined in the Multilateral
        Instrument; 

	 
	 	 (k)      	 "Exemptions" means the exemptions from the prospectus
        requirements of the Applicable Legislation ; 

	 
	 	 (l)      	 "Exchange" means the TSX Venture Exchange; 

	 
	 	 (m)      	 "Exchange Policies" means the rules and policies
        of the Exchange; 

	 
	 	 (n)      	 "Final Closing" means the last Closing under the
        Private Placement; 

	 
	 	 (o)      	 "First Closing" means the first Closing under the
        Private Placement; 

	 
	 	 (p)      	 "Material Change" has the meaning defined in the
        Applicable Legislation; 

	 
	 	 (q)      	 "Material Fact" has the meaning defined in the Applicable
        Legislation; 

	 
	 	 (r)      	 "Multilateral Instrument" means Multilateral Instrument
        45-102 or any successor instrument promulgated by the Commissions; 

	 
	 	 (s)      	 "Multilateral Instrument Certificate" means Form
        45-102F2; 

	 
	 	 (t)      	 "Private Placement" means the offering of the Units
        on the terms and conditions of this Agreement; 

	 
	 	 (u)      	 "Purchasers" means the purchasers of Units pursuant
        to the Private Placement; 

	 
	 	 (v)      	 "Qualifying Issuer" has the meaning defined in the
        Multilateral Instrument; 

 

	 	 (w)      	 "Regulation S" means Regulation S promulgated under
        the U.S. Securities Act; 

	 
	 	 (x)      	 "Regulatory Authorities" means the Commissions and
        the Exchange; 

	 
	 	 (y)      	 "Securities" means the Units, the Shares, the Warrants
        and the Warrant Shares, the Agent's Units, the Agent's Shares, the Agent's
        Warrants and the Agent's Warrant Shares; 

	 
	 	 (z)      	 "Selling Provinces" means British Columbia, Alberta,
        Ontario and Manitoba; 

	 
	 	 (aa)      	 "Shares" means the previously unissued common shares
        in the capital of the Issuer, as presently constituted, which will be
        issued as part of the Units; 

	 
	 	 (bb)      	 "U.S. Person" means "U.S. person" as defined in
        Rule 902 of Regulation S; 

	 
	 	 (cc)      	 "U.S. Securities Act" means the Securities Act
        of 1933 (United States), as amended; 

	 
	 	 (dd)      	 "United States" means "United States" as defined
        in Rule 902 of Regulation S; 

	 
	 	 (ee)      	 "Units" means the units of the Issuer to be offered
        by the Issuer pursuant to this Agreement having the terms provided in
        this Agreement; 

	 
	 	 (ff)      	 "Warrants" means the non-transferable share purchase
        warrants of the Issuer which will be issued as part of the Units and the
        Agent's Units and which have the terms provided in this Agreement and
        the certificates representing such share purchase warrants; and 

	 
	 	 (gg)      	 "Warrant Shares" means the previously unissued common
        shares in the capital of the Issuer, as presently constituted, which will
        be issued upon the exercise of the Warrants. 

 2.               APPOINTMENT
  OF AGENT 

 2.1             The
  Issuer appoints the Agent as its exclusive agent and the Agent accepts the appointment
  and agrees to act as the exclusive agent of the Issuer to use its commercially
  reasonable efforts to find and introduce to the Issuer potential purchasers
  to purchase up to 1,666,667 Units, at a price of $ 0.45 per Unit, by way of
  private placement under the Exemptions, or in such jurisdictions, other than
  the Selling Provinces or the United States, as may be agreed by the Agent and
  the Issuer. 

 3.               THE
  UNITS 

 3.1             Each
  Unit will consist of one Share and one-half of one Warrant and the Shares and
  Warrants will be issued and registered in the names of the Purchasers or their
  nominees. 

 4.               WARRANTS
  

 4.1             The
  right to purchase a Warrant Share under a Warrant may be exercised at any time
  until the close of business on the day which is 18 months from the date of issue
  of the Unit that included such Warrant. 

 4.2             One
  whole Warrant will entitle the holder, on exercise, to purchase one Warrant
  Share at a price of $0.55 per Warrant Share during the exercise period of the
  Warrant. 

 4.3             
  The certificates representing the Warrants will, among other things, include
  provisions for the appropriate adjustment in the class, number and price of
  the Warrant Shares issued upon exercise of the Warrants upon the occurrence
  of certain events, including any subdivision, consolidation or reclassification
  of the Issuer's common shares, the payment of stock dividends and the amalgamation
  of the Issuer. 

 4.4             The
  issue of the Warrants will not restrict or prevent the Issuer from obtaining
  any other financing, or from issuing additional securities or rights, during
  the period within which the Warrants may be exercised. 

 5.               AGENT'S
  FEE 

 5.1             
  In consideration of the services performed by the Agent under this Agreement,
  the Issuer agrees to pay to the Agent on each Closing an Agent's Fee consisting
  of: 

	 	 (a)      	 a cash payment equal to 8% of the gross proceeds
        received by the Issuer from the sale of the Units on such Closing, provided
        that the Agent may elect (by notice in writing delivered to the Issuer
        prior to such Closing) to receive up to one-half of such fee in Agent's
        Units; and 

	 
	 	 (b)      	 that number of Agent's Warrants which is equal to
        20% of the number of Units sold on such Closing. 

 5.2             The
  cash portion of the Agent's Fee will be paid in lawful Canadian currency. 

 5.3             As
  provided for in subsection 5.1(a), a portion of the Agent's Fee may, at the
  option of the Agent, be paid by the issuance of Agent's Units at a deemed price
  of $0.45 per Agent's Unit. 

 5.4             Each
  Agent's Unit will consist of one Agent's Share and one-half of one Warrant and
  the Agent's Shares and Warrants comprising the Agent's Units will be registered
  in the name of the Agent or such other party or parties as the Agent may reasonably
  request. 

 5.5             The
  right to purchase an Agent's Warrant Share under an Agent's Warrant may be exercised
  at any time until the close of business on the day which is 18 months from the
  date such Agent's Warrant was issued to the holder. 

 5.6             One
  whole Agent's Warrant will entitle the holder, on exercise, to purchase one
  Agent's Warrant Share at a price of $0.55 per Agent's Warrant Share during the
  exercise period of the Agent's Warrant. 

 5.7             The
  Agent's Warrants will be non-transferable except as permitted by the Applicable
  Legislation and any order granted by any Commission having jurisdiction. 

 5.8             The
  certificates representing the Agent's Warrants will, among other things, include
  provisions for the appropriate adjustment in the class, number and price of
  the Agent's Warrant Shares issued upon exercise of the Agent's Warrants upon
  the occurrence of certain events, including any subdivision, consolidation or
  reclassification of the Issuer's common shares, the payment of stock dividends
  and the amalgamation of the Issuer. 

 5.9             The
  issue of the Agent's Warrants will not restrict or prevent the Issuer from obtaining
  any other financing, or from issuing additional securities or rights, during
  the period within which the Agent's Warrants may be exercised. 

 5.10            The
  Issuer will also pay the Agent, on First Closing of the Private Placement or
  termination of this Agreement, the Administration Fee of $4,000. 

 6.               OFFERING
  RESTRICTIONS 

 6.1             The
  Agent will only sell the Units to persons who represent themselves as being:

	 	 (a)      	 persons purchasing as principal; 

	 
	 	 (b)      	 qualified to purchase the Units, the Shares and
        the Warrants under the Exemptions; 

	 
	 	 (c)      	 persons resident in such jurisdictions, other than
        the Selling Provinces or the United States, as may be agreed by the Issuer
        and the Agent; and 

	 
	 	 (d)      	 persons who are not U.S. Persons or in the United
        States (which terms herein shall have the meanings defined in Regulation
        S). 

 6.2             The
  Agent agrees that at the time any buy order for the Units is placed by clients
  of the Agent, the buyer will be outside the United States, or the Agent and
  all persons acting on its behalf will reasonably believe that the buyer is outside
  the United States, and neither the Agent nor any person acting on its behalf
  will have knowledge that such transaction has been pre-arranged with a buyer
  in the United States. 

 6.3             Neither
  the Issuer, the Agent, nor any of their respective affiliates, nor any person
  acting on behalf of any of the foregoing, will offer or sell any of the Securities
  to U.S. Persons or in the United States, or undertake any activity for the purpose
  of, or that could reasonably be expected to have the effect of, conditioning
  the market for the Securities in the United States. 

 6.4             The
  Agent agrees that it has not entered and will not enter into any contractual
  arrangement with respect to the distribution of the Securities except in accordance
  with this agreement and that it will require each selling group member to agree
  in writing, for the benefit of the Issuer, to comply with, and shall use its
  best efforts to ensure that each selling group member complies with the provisions
  of this Section 6 as if such provisions applied to such selling group member.

 6.5             The
  Private Placement has not been and will not be advertised in any way. 

 6.6             No
  selling or promotional expenses will be paid or incurred in connection with
  the Private Placement, except for professional services or for services performed
  by a registered dealer. 

 7.               
  SUBSCRIPTIONS 

 The Agent will use its best efforts to obtain from each Purchaser
  introduced by the Agent, and deliver to the Issuer, on or before each Closing
  duly completed and signed subscriptions in the form consented to by the Issuer
  and the Agent and executed by the Purchaser (the "Subscription Agreement").

 8.               FILINGS
  WITH THE REGULATORY AUTHORITIES 

 8.1             The
  Issuer will forthwith give to the Exchange written notice of the terms of this
  Agreement and the proposed Private Placement and all other information required
  by the Exchange Policies (the "Notice"). 

 8.2             The
  Issuer will forthwith provide the Agent and its solicitor with a copy of the
  Notice, and, forthwith on receipt, a copy of the preliminary and final letters
  of acceptance of the Notice from the Exchange. 

 8.3             The
  Issuer will file all required documents, pay all required filing fees and undertake
  any other actions required by the Exchange Policies in order to obtain the approval
  of the Exchange to the Private Placement. 

 8.4             Within
  10 days of each Closing of the Private Placement, the Issuer will: 

	 	 (a)      	 file with the Commission any report required to
        be filed by the Applicable Legislation in connection with the Private
        Placement, in the required form; and 

	 
	   	 (b)      	 provide the Agent's solicitor with copies of the
        report or reports. 

9.               CLOSINGS
  

9.1             In
  this Section: 

	 	 (a)      	 "Certificates" means the certificates
        representing the Shares and the Warrants sold, the Agent's Shares (if
        any) and the Agent's Warrants to be issued, on a Closing in the names
        and denominations reasonably requested by the Agent or the Purchasers,
        as the case may be; and 

	 
	 	 (b)      	 "Proceeds" means the gross proceeds of
        the sale of Units on a Closing, less: 

	 
	 	 	 (i)      
	 any portion of the Agent's Fee which is payable
        in cash; 

	 
	   	 	 (ii)     
      
	 at the First Closing, the Administration Fee; 

 

	 	 	 (iii)      	 the reasonable expenses of the Agent in connection with the Private Placement
      which have not been paid by the Issuer; and 
	 
	 	 	 (iv)      	 any amount paid directly to the Issuer by any Purchaser in connection
      with the Private Placement. 

 9.2             The
  Issuer and the Agent will cause the Private Placement to close in one or more
  Closings, however, the Final Closing will not occur more than 60 days after
  the date of the price reservation form or notice filed with the Exchange or
  such other date as may be acceptable to the Exchange. 

 9.3             The
  Issuer will, on each Closing, issue and deliver the Certificates to the Agent,
  or at the Agent's request, to the Purchasers, against payment of the Proceeds.

 9.4             If
  the Issuer has satisfied all of its material obligations under this Agreement,
  the Agent will, on each Closing, pay the Proceeds to the Issuer against delivery
  of the Certificates. 

 9.5             The
  Issuer will endorse the Certificates, and the certificates representing the
  Warrant Shares and the Agent's Warrant Shares with such legends as required
  by the Applicable Legislation and the Exchange.

 10.              CONDITIONS
  OF CLOSINGS 

 10.1             The
  obligations of the Agent on each Closing will be conditional upon the following:

	 	 (a)      	 on each Closing, the Issuer will have delivered
        to the Agent and its solicitor a favourable opinion of the Issuer's solicitor
        dated as of the date of such Closing, in a form acceptable to the Agent
        and its solicitor as to all legal matters reasonably requested by the
        Agent relating to the business of the Issuer and the creation, issuance
        and sale of the Securities; 

	 
	 	 (b)      	 on each Closing, the Issuer will have delivered
        to the Agent and its solicitor such certificates of its officers, comfort
        letters or opinions of its auditors, and other documents relating to the
        Private Placement or the affairs of the Issuer as the Agent or its solicitor
        may reasonably request; 

	 
	 	 (c)      	 each representation and warranty of the Issuer which
        is contained in this Agreement continues to be true, and the Issuer has
        performed or complied with all of its covenants, agreements and obligations
        under this Agreement; and 

	 
	 	 (d)      	 no Commission has advised the Issuer in writing
        that its securities are not eligible for the shorter hold period provided
        for in the Multilaterial Instrument. 

 10.2             Each
  Closing and the obligations of the Issuer and the Agent to complete the issue
  and sale of the Securities are subject to: 

	 	 (a)      	 receipt of all required regulatory approval for
        or acceptance of the Private Placement; 

 

	 	 (b)      	 the removal or partial revocation of any cease trading
        order or trading suspension made by any competent authority to the extent
        necessary to complete the Private Placement; and 

	 
	 	 (c)      	 the Issuer being a Qualifying Issuer at the time
        of such Closing. 

 11.              
  MATERIAL CHANGES 

 The Issuer agrees that if, between the date of this Agreement
  and the Final Closing a Material Change, or a change in a Material Fact occurs,
  the Issuer will: 

	 	 (a)      	 as soon as practicable notify the Agent in writing,
        setting forth the particulars of such change; 

	 
	 	 (b)      	 as soon as practicable, issue and file with the
        Regulatory Authorities a press release that is authorized by a senior
        officer disclosing the nature and substance of the change; 

	 
	 	 (c)      	 as soon as practicable file with the Commissions
        the report required by the applicable securities legislation and in any
        event no later than 10 days after the date on which the change occurs;
        and 

	 
	 	 (d)      	 provide copies of that press release, when issued,
        and that report, when filed, to the Agent and its solicitor. 

 12.              QUALIFYING
  ISSUER

 12.1             The
  Issuer is a Qualifying Issuer and the Shares, Warrants, and Warrant Shares,
  Agent's Shares, Agent's Warrants and the Agent's Warrant Shares will be subject
  to a four month hold period from Closing.

 12.2             The
  Issuer will provide the Agent with a copy of the Multilateral Instrument Certificate
  filed with Commissions within 10 days of each Closing.

 13.              TERMINATION
  

 13.1             The
  Agent may terminate its obligations under this Agreement by notice in writing
  to the Issuer at any time before the Final Closing if: 

	 	 (a)      	 an adverse Material Change, or an adverse change
        in a Material Fact relating to any of the Securities, occurs or is announced
        by the Issuer; 

	 
	 	 (b)      	 there is an event, accident, governmental law or
        regulation or other occurrence of any nature which, in the opinion of
        the Agent, seriously affects or will seriously affect the financial markets,
        or the business of the Issuer or its subsidiaries, if any, or the ability
        of the Agent to perform its obligations under this Agreement, or a Purchaser's
        decision to purchase the Units; 

 

	 	 (c)      	 following a consideration of the history, business,
        products, property or affairs of the Issuer or its principals and promoters,
        or of the state of the financial markets in general, or the state of the
        market for the Issuer's securities in particular, the Agent determines,
        in its sole discretion, that it is not in the interest of the Purchasers
        to complete the purchase and sale of the Units; 

	 
	 	 (d)      	 the Securities cannot, in the opinion of the Agent,
        be marketed due to the state of the financial markets, or the market for
        the Units in particular; 

	 
	 	 (e)      	 an enquiry or investigation (whether formal or informal)
        in relation to the Issuer, or the Issuer's directors, officers or promoters,
        is commenced or threatened by an officer or official of any competent
        authority; 

	 
	 	 (f)      	 any order to cease, halt or suspend trading (including
        an order prohibiting communications with persons in order to obtain expressions
        of interest) in the securities of the Issuer prohibiting or restricting
        the Private Placement is made by a competent regulatory authority and
        that order is still in effect; 

	 
	 	 (g)      	 the Issuer is in breach of any material term of
        this Agreement; or 

	 
	 	 (h)      	 the Agent determines that any of the representations
        or warranties made by the Issuer in this Agreement is false or has become
        false. 

 13.2             The
  Agent's obligations hereunder will terminate if the Exchange does not issue
  its final letter of acceptance, subject only to usual post-Closing filings with
  the Exchange, of the Private Placement within 90 days of the reference date
  of this Agreement, unless otherwise agreed in writing by the Agent. 

 14.              WARRANTIES,
  REPRESENTATIONS AND COVENANTS 

 14.1             The
  Issuer warrants and represents to and covenants with the Agent that: 

	 	 (a)      	 the Issuer and its subsidiaries, if any, are valid
        and subsisting corporations duly incorporated and in good standing under
        the laws of the jurisdiction in which they are incorporated, continued
        or amalgamated; 

	 
	 	 (b)      	 the Issuer and its subsidiaries, if any, are duly
        registered and licenced to carry on business in the jurisdictions in which
        they carry on business or own property where so required by the laws of
        that jurisdiction; 

	 
	 	 (c)      	 the authorized and issued capital of the Issuer
        are as disclosed to the Exchange and the outstanding shares of the Issuer
        are fully paid and non-assessable; 

	 
	 	 (d)      	 the Issuer will reserve or set aside sufficient
        shares in its treasury to issue the Shares, the Warrant Shares, the Agent's
        Shares and the Agent's Warrant Shares and all such shares will be duly
        and validly issued as fully paid and non-assessable upon receipt of the
        full payment of the subscription price therefor; 

 

	 	 (e)      	 except as qualified by the disclosure in all prospectuses,
        filing statements, annual information forms, including the Issuer's Current
        AIF and press releases filed with the Commissions or the Exchange (the
        "Disclosure Record") the Issuer is the beneficial owner of the properties,
        business and assets or the interests in the properties, business or assets
        referred to in the Disclosure Record, all agreements by which the Issuer
        holds an interest in a property, business or assets are in good standing
        according to their terms and, to the best of the Issuer's knowledge, the
        properties are in good standing under the applicable laws of the jurisdictions
        in which they are situated; 

	 
	 	 (f)      	 the Subscription Agreement and all other written
        or oral representations made by the Issuer to a Purchaser or potential
        Purchaser in connection with the Private Placement will be accurate in
        all material respects and will omit no fact, the omission of which will
        make such representations misleading or incorrect; 

	 
	 	 (g)      	 the financial statements filed with the Commissions
        or supplied by the Issuer to the Agent in connection with the Private
        Placement have been prepared in accordance with Canadian generally accepted
        accounting principles, accurately reflect the financial position and all
        material liabilities (accrued, absolute, contingent or otherwise) of the
        Issuer, and its subsidiaries, if any, as of the date thereof, and no adverse
        material changes in the financial position of the Issuer have taken place
        since the date thereof, save in the ordinary course of the Issuer's business;
      

	 
	 	 (h)      	 the Issuer has complied and will comply fully with
        the requirements of all applicable corporate and securities laws and administrative
        policies and directions, including, without limitation, the Applicable
        Legislation in relation to the issue and trading of its securities and
        in all matters relating to the Private Placement; 

	 
	 	 (i)      	 there is not presently, and will not be until the
        Final Closing, any Material Change or change in any Material Fact relating
        to the Issuer which has not been or will not be fully disclosed to the
        Agent; 

	 
	 	 (j)      	 the issue and sale of the Securities by the Issuer
        and the Agent does not and will not conflict with, and does not and will
        not result in a breach of, any of the terms of its incorporating documents
        or any agreement or instrument to which the Issuer is a party; 

	 
	 	 (k)      	 neither the Issuer nor any of its subsidiaries is
        a party to any actions, suits or proceedings which could materially affect
        its business or financial condition, and to the best of the Issuer's knowledge
        no such actions, suits or proceedings are contemplated or have been threatened
        which are not disclosed in the Disclosure Record; 

 

	 	 (l)      	 there are no judgments against the Issuer or any
        of its subsidiaries, if any, which are unsatisfied, nor are there any
        consent decrees or injunctions to which the Issuer or any of its subsidiaries,
        if any, is subject; 

	 
	 	 (m)      	 this Agreement has been or will be by the First
        Closing, duly authorized by all necessary corporate action on the part
        of the Issuer, and the Issuer has full corporate power and authority to
        undertake the Private Placement; 

	 
	 	 (n)      	 the Issuer is a "reporting issuer" within the meaning
        of the Securities Act (British Columbia) and the Securities
        Act (Alberta) and is not in default of any of the requirements of
        such statutes and the rules and regulations promulgated thereunder or
        any of the administrative policies or notices of the Regulatory Authorities;
      

	 
	 	 (o)      	 no order ceasing, halting or suspending trading
        in securities of the Issuer nor prohibiting the sale of such securities
        has been issued to and is outstanding against the Issuer or its directors,
        officers or promoters or against any other companies that have common
        directors, officers or promoters and no investigations or proceedings
        for such purposes are pending or threatened; 

	 
	 	 (p)      	 except as disclosed in the Disclosure Record or
        otherwise to the Regulatory Authorities, no person has any right, agreement
        or option, present or future, contingent or absolute, or any right capable
        of becoming such a right, agreement or option, for the issue or allotment
        of any unissued shares in the capital of the Issuer or its subsidiaries,
        if any, or any other security convertible into or exchangeable for any
        such shares, or to require the Issuer or its subsidiaries, if any, to
        purchase, redeem or otherwise acquire any of the issued and outstanding
        shares in its capital; 

	 
	 	 (q)      	 the Issuer and its subsidiaries, if any, have filed
        all federal, provincial, local and foreign tax returns which are required
        to be filed, or have requested extensions thereof, and have paid all taxes
        required to be paid by them and any other assessment, fine or penalty
        levied against them, to the extent that any of the foregoing is due and
        payable, except for such assessments, fines and penalties which are currently
        being contested in good faith; 

	 
	 	 (r)      	 the Issuer and its subsidiaries, if any, have established
        on their books and records reserves which are adequate for the payment
        of all taxes not yet due and payable and there are no liens for taxes
        on the assets of the Issuer or its subsidiaries, if any, except for taxes
        not yet due, and there are no audits of any of the tax returns of the
        Issuer or its subsidiaries, if any, which are known by the Issuer's management
        to be pending, and there are no claims which have been or may be asserted
        relating to any such tax returns which, if determined adversely, would
        result in the assertion by any governmental agency of any deficiency which
        would have a material adverse effect on the properties, business or assets
        of the Issuer or its subsidiaries, if any; 

 

	 	 (s)      	 other than the Agent, no person, firm or corporation
        acting or purporting to act at the request of the Issue is entitled to
        any brokerage, agency or finder's fee in connection with the transactions
        described herein; the Issuer has and will have filed all documents that
        are required to be filed under the continuous disclosure provisions of
        the Applicable Legislation, including annual and interim financial information
        and annual reports, press releases disclosing material changes and material
        change reports; and 

	 
	 	 (t)      	 the warranties and representations in this Section
        are true and correct and will remain so as of the Final Closing. 

 14.2             The
  Agent warrants and represents to the Issuer that: 

	 	 (a)      	 it is a valid and subsisting corporation under the
        law of the jurisdiction in which it was incorporated; 

	 
	 	 (b)      	 it is a broker registered under the Applicable Legislation;
      

	 
	 	 (c)      	 it is a member in good standing of the Exchange;
        and 

	 
	 	 (d)      	 it will offer and sell the Units in compliance with
        the Applicable Legislation and subject to the restrictions set out in
        Section 6 of this Agreement. 

 15.              EXPENSES
  OF AGENT 

 15.1             The
  Issuer will pay all of the expenses of the Private Placement and all the expenses
  reasonably incurred by the Agent in connection with the Private Placement including,
  without limitation, the reasonable fees and expenses of the solicitor for the
  Agent. 

 15.2             The
  Issuer will pay the expenses referred to in the previous Subsection even if
  the transactions contemplated by this Agreement are not completed or this Agreement
  is terminated, unless the failure of acceptance or completion or the termination
  is the result of a breach of this Agreement by the Agent. 

 15.3             The
  Agent may, from time to time, render accounts for its expenses in connection
  with the Private Placement to the Issuer for payment on or before the dates
  set out in the accounts. 

 15.4             The
  Issuer authorizes the Agent to deduct its reasonable expenses in connection
  with Private Placement from the proceeds of the Private Placement and any advance
  payments made by the Issuer, including expenses for which an account has not
  yet been rendered. 

 16.              INDEMNITY

 16.1             The
  Issuer will indemnify the Agent and each of the Agent's agents, directors, officers
  and employees (individually, an "Indemnified Party" and collectively, the "Indemnified
  Parties") and save them harmless against all losses, claims, damages or liabilities:

	 	 (a)      	 existing by reason of an untrue statement
        contained in the Disclosure Record, subscription agreement or other written
        or oral representation made by the Issuer to a Purchaser or potential
        Purchaser in connection with the Private Placement, or by reason of the
        omission to state any fact necessary to make such statements or representations
        not misleading (except for information and statements supplied by and
        relating solely to the Agent); 

	 
	 	 (b)      	 arising directly or indirectly out of
        any order made by any regulatory authority based upon an allegation that
        any such untrue statement or representation, or omission exists (except
        information and statements supplied by and relating solely to the Agent),
        that trading in or distribution of any of the Securities is to cease;
      

	 
	 	 (c)      	 resulting from the failure by the Issuer
        to obtain the requisite regulatory approval to the Private Placement unless
        the failure to obtain such approval is the result of a breach of this
        Agreement by the Agent; 

	 
	 	 (d)      	 resulting from the breach by the Issuer
        of any of the terms of this Agreement; 

	 
	 	 (e)      	 resulting from any representation or warranty
        made by the Issuer herein: 

	 
	 	 	 (i)      
	 not being true; or 

	 
	 	 	 (ii)     
      
	 ceasing to be true prior to any Closing from which
        any such losses, claims, damages or liabilities arise; 

	 
	 	 (f)      	 if the Issuer fails to issue and deliver
        the certificates representing the Securities in the form and denominations
        satisfactory to the Agent at the time and place required by the Agent
        with the result that any completion of a sale of the Securities does not
        take place; or 

	 
	 	 (g)      	 if, following the completion of a sale
        of any of the Securities, a determination is made by any competent authority
        setting aside the sale, unless that determination arises out of an act
        or omission by the Agent. 

 16.2             If
  any action or claim is brought against an Indemnified Party in respect of which
  indemnity may be sought from the Issuer pursuant to this Agreement, the Indemnified
  Party will promptly notify the Issuer in writing. 

 16.3             The
  Issuer will assume the defence of the action or claim, including the employment
  of counsel and the payment of all expenses. 

 16.4             The
  Indemnified Party will have the right to employ separate counsel, and the Issuer
  will pay the reasonable fees and expenses of such counsel. 

 16.5             The
  indemnity provided for in this Section will not be limited or otherwise affected
  by any other indemnity obtained by the Indemnified Party from any other person
  in respect of any matters specified in this Agreement and will continue in full
  force and effect until all possible liability of the Indemnified Parties arising
  out of the transactions contemplated by this Agreement has been extinguished
  by the operation of law. 

 16.6             
  If indemnification under this Agreement is found in a final judgment (not subject
  to further appeal) by a court of competent jurisdiction not to be available
  for reason of public policy, the Issuer and the Indemnified Parties will contribute
  to the losses, claims, damages, liabilities or expenses (or actions in respect
  thereof) for which such indemnification is held unavailable in such proportion
  as is appropriate to reflect the relative benefits to and fault of the Issuer,
  on the one hand, and the Indemnified Parties on the other hand, in connection
  with the matter giving rise to such losses, claims, damages, liabilities or
  expenses (or actions in respect thereof). No person found liable for a fraudulent
  misrepresentation (within the meaning of applicable securities laws) will be
  entitled to contribution from any person who is not found liable for such fraudulent
  misrepresentation. 

 16.7             To
  the extent that any Indemnified Party is not a party to this Agreement, the
  Agent will obtain and hold the right and benefit of this section in trust for
  and on behalf of such Indemnified Party. 

 17.              ASSIGNMENT
  AND SELLING GROUP PARTICIPATION 

 17.1             The
  Agent will not assign this Agreement or any of its rights under this Agreement
  or, with respect to the Securities, enter into any agreement in the nature of
  an option or a sub-option unless and until, for each intended transaction, the
  Agent has obtained the consent of the Issuer, and any required notice has been
  given to and accepted by the Regulatory Authorities. 

 17.2             The
  Agent may offer selling group participation in the normal course of the brokerage
  business to selling groups of other licensed dealers, brokers and investments
  dealers, who may or who may not be offered part of the Agent's Fee, subject
  to compliance with Applicable Legislation. 

 18.              NOTICE
  

 18.1             Any
  notice under this Agreement will be given in writing and must be delivered,
  sent by facsimile transmission (Issuer fax 604.669.8577; Agent fax 604.643.7606)
  or mailed by prepaid post and addressed to the party to which notice is to be
  given at the address indicated above, or at another address designated by the
  party in writing. 

 18.2             If
  notice is sent by facsimile transmission or is delivered, it will be deemed
  to have been given at the time of transmission or delivery. 

 18.3             If
  notice is mailed, it will be deemed to have been received 48 hours following
  the date of mailing of the notice. 

 18.4             If
  there is an interruption in normal mail service due to strike, labour unrest
  or other cause at or prior to the time a notice is mailed the notice will be
  sent by facsimile transmission or will be delivered. 

 19.              RIGHT
  OF FIRST REFUSAL 

 19.1             The
  Issuer will notify the Agent of the terms of any further brokered equity financing
  that it requires or proposes to obtain on or before January 12, 2004 and the
  Agent will have the right of first refusal to lead a syndicate of investment
  dealers to provide such financing. 

 19.2             The
  right of first refusal must be exercised by the Agent within 15 days following
  the receipt of the notice by notifying the Issuer that they will provide such
  financing on the terms set out in the notice. 

 19.3             If
  the Agent fails to give notice within the 15 days that it will provide such
  financing upon the terms set out in the notice, the Issuer will then be free
  to make other arrangements to obtain financing from another source on the same
  terms or on terms no less favourable to the Issuer, subject to obtaining the
  acceptance of the Regulatory Authorities. 

 19.4             The
  right of first refusal will not terminate if, on receipt of any notice from
  the Issuer under this Section, the Agent fails to exercise the right. 

 20.              TIME
  

 Time is of the essence of this Agreement and will be calculated
  in accordance with the provisions of the Interpretation Act (British
  Columbia). 

 21.              SURVIVAL
  OF REPRESENTATIONS AND WARRANTIES 

 The representations, warranties, covenants and indemnities
  of the Issuer and the Agent contained in this Agreement will survive the Final
  Closing. 

 22.              LANGUAGE
  

 This Agreement is to be read with all changes in gender or
  number as required by the context.

 23.              ENUREMENT
  

 This Agreement enures to the benefit of and is binding on
  the parties to this Agreement and their successors and permitted assigns. 

 24.              HEADINGS
  

 The headings in this Agreement are for convenience of reference
  only and do not affect the interpretation of this Agreement. 

  25.              COUNTERPARTS

 This Agreement may be executed in two or more counterparts
  and may be delivered by facsimile transmission, each of which will be deemed
  to be an original and all of which will constitute one agreement, effective
  as of the reference date given above. 

26.              LAW

 This Agreement is governed by the law of British Columbia,
  and the parties hereto irrevocably attorn and submit to the jurisdiction of
  the courts of British Columbia with respect to any dispute related to this Agreement.

 This document was executed and delivered as of the date given
  above:

	 	 KIMBER RESOURCES INC.  
	 	 	  
	 	Per:  	"/s/ R.V. Longe"
	 	 	
      Authorized Signatory  
	 	 	 
	 	Per:  	"/s/ M.E. Hoole"
	 	 	
      Authorized Signatory  
	 	 	 
	 	Per:  	"/s/ Peter M. Brown"
	 	 	
      Authorized Signatory  
	 	 	 
	 	Per:  	"/s/ Indistinguishable"
	 	 	
      Authorized Signatory  

AMENDMENT AGREEMENT

THIS AGREEMENT dated for reference the 8th day of May, 2003.

BETWEEN 

  
    
      
        
           KIMBER RESOURCES INC., of #215 – 800 West Pender Street
            

            Vancouver, BC, V6C 2V6; 

           (the "Company") 

        

      

    

  

AND 

  
    
      
        
           CANACCORD CAPITAL CORPORATION, of 2200 – 609 Granville
            Street, 

            Vancouver, British Columbia, V7Y 1H2 

           (the "Agent") 

        

      

    

  

WHEREAS: 

 A.                The
  Company and the Agent entered into an Agency Agreement dated for reference March
  26, 2003 (the "Agreement"); and 

 B.                The
  parties wish to amend the terms of the Agreement in the manner set forth below;

the parties to this Amendment Agreement therefore agree:

	 1.      	 that the Agreement is amended such that the reference in the fourth line
      of section 2.1 of the Agreement to "up to 1,666,667 Units" is deleted and
      replaced with "up to 1,815,600 Units"; and 
	 
	 2.      	 that except as expressly amended hereby, the Agreement is hereby ratified,
      approved and confirmed to be in full force and effect. 

                          IN
  WITNESS WHEREOF the parties hereto have executed this Amendment Agreement
  as of the day and year first above written. 

	 	
	KIMBER RESOURCES INC.  
	 	 	 
	 	Per:	"/s/
      M. E. Hoole"  
	 	 	Name:    Michael E. Hoole
	 	 	Title:      Vice-President, Chief
	 	 	Financial Officer and Secretary  
	 	 	I have the authority to bind the Company 
      

 

	 	
	 CANACCORD CAPITAL  
	 	 CORPORATION  
	 	Per:	
      "/s/ Peter M. Brown"  
	 	 	 Name:  Peter M. Brown
	 	 	 Title:  Chairman and Chief Executive Officer
	 	 	 I have the authority to bind the Company 
      
	 	 	 

	 	
	 CANACCORD CAPITAL  
	 	 CORPORATION  
	 	Per:	
      "/s/ David Horton"  
	 	 	 Name:  David Horton
	 	 	 Title:  Senior Vice President and Director
	 	 	 I have the authority to bind the CompanyFiled by Automated Filing Services Inc. (604) 609-0244 - Kimber Resources Inc. - Exhibit 4.r

 20F ITEM 19 EXHIBIT 4. R

KIMBER RESOURCES INC. 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

INSTRUCTIONS TO PURCHASER 

	 1.      	 All purchasers complete all the information in the
        boxes on page 1 and sign where indicated with an "X". 

	 
	 2.      	 If you are an "accredited investor" in Alberta,
        British Columbia or Ontario, then complete the "Accredited Investor Questionnaire"
        that starts on page 6. The purpose of the questionnaire is to determine
        whether you meet the standards for participation in a private placement
        under Ontario Securities Commission Rule 45-501 and Multilateral Instrument
        45-103 adopted by the Alberta Securities Commission and British Columbia
        Securities Commission. 

	 
	 3.      	 If you are resident in Manitoba, then complete the
        "Form 8 – Purchasers Resident in Manitoba" that starts on page 15.
      

	 
	 4.      	 If you are not an individual or you are a portfolio
        manager (that is, the Purchaser is a corporation, partnership, trust or
        entity other than an individual), then complete and sign the "Corporate
        Placee Registration Form" (Form 4C) that starts on page 18. 

	 
	 5.      	 If you are a portfolio manager, complete and sign
        the "Portfolio Manager: Additional Undertaking and Certification" on page
        20. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 1 of 26 pages  

 PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT 

 TO:                         KIMBER
  RESOURCES INC. (the "Issuer"), of #215, 800 West PeSt., Vancouver, BC

 Subject and pursuant to the terms set out in the Terms on
  pages 2 to 5, the General Provisions on pages 21 to 26 and the other schedules
  and appendixes incorporated by reference, the Purchaser hereby irrevocably subscribes
  for, and on Closing will purchase from the Issuer, the following securities
  at the following price: 

	 _______________________________________ Units 
      

	  
	 CAD $0.45 per Unit for a total purchase price of
      CAD $  ______________________________________ 
	 
	 The Purchaser owns, directly or indirectly, the
      following securities of the Issuer:  
	_______________________________________________________________________________________________

 The Purchaser directs the Issuer to issue, register and deliver the certificates
  representing the Purchased Securities as follows: 

	 REGISTRATION INSTRUCTIONS:  	  	 DELIVERY INSTRUCTIONS:  
	  	 	  
	  	 	 
	 Name to appear on certificate  	  	 Name and account reference, if applicable  
	  	 	  
	  	 	 
	 Account reference, if applicable  	  	 Contact name  
	  	 	  
	  	 	 
	 Address  	  	 Address  
	  	 	  
	  	 	 
	  	  	 Telephone number  

EXECUTED by the Purchaser this ___________ day of 
  _____________ , 2003. By executing this Agreement, the Purchaser certifies
  that the Purchaser and any beneficial purchaser for whom the Purchaser
  is acting is resident in the jurisdiction shown as the "Address of the Purchaser".
  Unless the jurisdiction shown as the "Address of the Purchaser" is British Columbia,
  then the Purchaser certifies that the Purchaser is NOT resident in British
  Columbia.  

	
      WITNESS:  	  	
      EXECUTION BY PURCHASER:  
	 	 	 
	_________________________________________________________________
    	  	 X 
      ___________________________________________ 
	
      Signature of witness  	  	  Signature
      of individual (if Purchaser is an individual)  
	 	 	 
	_________________________________________________________________
    	  	 X 
      ___________________________________________ 
	
      Name of witness  	  	 Authorized
      signatory (if Purchaser is not an individual)  
	  	 	  
	_________________________________________________________________
    	 	_____________________________________________
	
      Address of witness  	  	 Name
      of Purchaser (please print)  
	  	 	  
	_________________________________________________________________
    	 	_____________________________________________
	 
    	  	 Name
      of authorized signatory (please print)  
	 ACCEPTED this _________ day of ___________ , 2003. 
    	  	  
	 KIMBER RESOURCES INC.  	  	_____________________________________________
    
	 Per:  	  	 Address
      of Purchaser (residence)  
	 	 	 
	  	 	_____________________________________________
	 _______________________________

    	  	Telephone
      number and e-mail address  
	Authorized signatory  	 	 

 By signing this acceptance, the Issuer agrees to be bound
  by the Terms on pages 2 to 5, the General Provisions on pages 21 to 26 and the
  other schedules and appendixes incorporated by reference. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 2 of 26 pages  

TERMS 

	 Reference date of this Agreement 
    	 The date the Agreement is
        executed by the Purchaser on page 1 (the "Agreement Date")  

	  	 
	 The Offering 
	  	 
	 The Issuer  	 Kimber Resources Inc. 
      

	  	 
	 The Agent  	 The offering is made on
        a commercially reasonable efforts basis by Canaccord Capital Corporation
        (which together with any sub-agents, is referred to as the "Agent") under
        an Agency Agreement dated for reference March 26, 2003 (the "Agency Agreement").

	  	 
	 Offering  	 The offering consists of
        up to an aggregate of 1,666,667 units (the "Units") of the Issuer 
      

	  	 
	 Purchased Securities  	 The "Purchased Securities"
        are Units. Each Unit consists of one previously unissued common share,
        as presently constituted (a "Share") and one-half of one non-transferable
        share purchase warrant (a "Warrant") of the Issuer. One whole Warrant
        will entitle the holder, on exercise, to purchase one additional common
        share of the Issuer (a "Warrant Share") for a period of 18 months from
        the date of issuance of the Unit, at a price of CAD $0.55 per Warrant
        Share.

	  	 
	 Compensation to Agent 
    	 The Agent will receive a
        commission of 8% of the gross proceeds received from the sale of the Units
        payable in cash, or, at the election of the Agent, the Agent may take
        up to one-half of its commission in Units ("Agent's Units"). The Agent's
        Units shall consist of one Share and one-half of one Warrant. One whole
        Warrant will entitle the holder, on exercise, to purchase one Warrant
        Share at a price of CAD $0.55 per share at any time until the close of
        business on the day which is 18 months from the date of issue of the Agent's
        Unit.

	  	 
	  	 The Agent will also receive
        Agent's Warrants which shall entitle the Agent to purchase shares equal
        in number to 20% of the total number of Units sold. Each Agent's Warrant
        shall entitle the holder to purchase one additional share of the Issuer
        at a price of CAD $0.55 per share for a period of 18 months from the date
        of issue. The Agent will also receive an administration fee of CAD $4,000.

	  	 
	 Total amount  	 Up to CAD $750,000

	  	 
	 Price  	 CAD $0.45 per Unit

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 3 of 26 pages  

	 Warrants  	 The Warrants will be issued
        and registered in the name of the purchasers or their nominees.

	  	 
	  	 The Warrants will be non-transferable.

	  	 
	  	 The certificates representing
        the Warrants will, among other things, include provisions for the appropriate
        adjustment in the class, number and price of the Warrant Shares issued
        upon exercise of the Warrants upon the occurrence of certain events, including
        any subdivision, consolidation or reclassification of the Issuer's common
        shares, the payment of stock dividends and the amalgamation of the Issuer.

	  	 
	  	 The issue of the Warrants
        will not restrict or prevent the Issuer from obtaining any other financing,
        or from issuing additional securities or rights, during the period within
        which the Warrants may be exercised.

	  	 
	 Selling Jurisdictions 
    	 The Units may be sold in
        British Columbia, Alberta, Ontario and Manitoba and in certain "offshore"
        jurisdictions outside Canada and the United States (the "Selling Jurisdictions").

	  	 
	 Exemptions  	 The offering will be made
        in accordance with the following exemptions from the prospectus requirements:
      

	 	 	 a)      	 the British Columbia and Alberta "Accredited Investor"
        exemption (section 5.1 of Multilateral Instrument 45-103); 

	 
	 	 	 b)      	 the Ontario "Accredited Investor" exemption (section
        2.3 of Ontario Securities Commission Rules 45-501); 

	 
	 	 	 c)      	 the British Columbia and Alberta "$97,000 purchaser"
        exemption (section 74(2)(4) of the Securities Act (British Columbia),
        and s.131(1)(d) of the Securities Act (Alberta)); 

	 
	 	 	 d)      	 the Manitoba "$97,000 purchaser" exemption (section
        19(3) of the Securities Act (Manitoba). 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 4 of 26 pages  

	 Resale restrictions and legends 
      
 (All Purchasers)  	 The Issuer is
        a "qualifying issuer" within the meaning of Multilateral Instrument 45-102.
        The Purchased Securities will therefore be subject to a four month hold
        period that starts to run on Closing.

	  	 
	  	 The Purchaser
        acknowledges that the certificates representing the Purchased Securities
        will bear the following legends:

	  	 
	  	 
	"Unless permitted under securities
        legislation, the holder of the securities shall not trade the securities
        before [date that is four months and a day after the Closing.]"

	  	 
	  	 
	"Without prior written approval
        of the TSX Venture Exchange and compliance with all applicable securities
        legislation, the securities presented by this certificate may not be sold,
        transferred, hypothecated or otherwise traded on or through the facilities
        of the TSX Venture Exchange or otherwise in Canada or to or for the benefit
        of a Canadian resident until [insert the date following the fourth month
        after the distribution]."

	  	 
	  	 The Issuer agrees
        that the Securities will bear no legends other than those set out here.

	  	 
	  	 Purchasers are
        advised to consult with their own legal counsel or advisors to determine
        the resale restrictions that may be applicable to them.

	  	 
	 Closing Date  	 The Closing
        will take place in one or more closings, as agreed to between the Issuer
        and the Agent.

	  	 
	 Additional definitions 
    	 In this Subscription
        Agreement, the following words have the following meanings unless otherwise
        indicated:

	 	 	 (a)      	 "Purchased Securities" means the Units purchased
        under this Subscription Agreement; 

	 
	 	 	 (b)      	 "Securities" means the Shares, the Warrants and
        the Warrant Shares; 

	 
	 	 	 (c)      	 "Warrants" includes the certificates representing
        the Warrants. 

 The Issuer

	 Jurisdiction of organization 
    	 The Issuer is incorporated
        under the laws of British Columbia.  

	  	 
	 Authorized and outstanding capital 
    	 The authorized capital of
        the Issuer is 80,000,000 common shares. The issued and outstanding capital
        of the Issuer is 13,396,684 common shares.

	  	 
	 Stock exchange listings 
    	 Shares of the Issuer are
        listed on the TSX Venture Exchange (the "Exchange").  

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 5 of 26 pages  

	 "Securities Legislation Applicable 
      to the Issuer"  	 The "Securities Legislation Applicable
        to the Issuer" is the Securities Act (British Columbia), the Securities
        Act (Alberta), the Securities Act (Ontario) and the Securities
        Act (Manitoba) and the "Commissions with Jurisdiction over the Issuer"
        are the securities commissions of British Columbia, Alberta, Ontario and
        Manitoba.

END OF TERMS

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 6 of 26 pages  

 Accredited Investor Questionnaire 

 (Capitalized terms not specifically defined in this Questionnaire
  have the meaning ascribed to them in the Subscription Agreement to which this
  Schedule is attached.) 

 In connection with the execution of the Subscription Agreement
  to which this Schedule is attached, the undersigned (the "Purchaser") represents
  and warrants to the Issuer that: 

 If I am an individual (that is, a natural person and not
  a corporation, partnership, trust or other entity), then I satisfy one or more
  of the categories indicated below (please place an "X" on the appropriate lines):
  

	 ________   Category 1 
    	  	 an individual who, either
        alone or jointly with a spouse, beneficially owns financial assets having
        an aggregate realizable value that before taxes, but net of any related
        liabilities, exceeds CAD $1,000,000, where "financial assets" means cash
        and securities and "related liabilities" means (i) liabilities incurred
        or assumed for the purpose of financing the acquisition or ownership of
        financial assets, or (ii) liabilities that are secured by financial assets 
      

	  	 	 
	 ________   Category 2 
    	  	 an individual whose net
        income before taxes exceeded CAD $200,000 in each of the two most recent
        years or whose net income before taxes combined with that of a spouse
        exceeded CAD $300,000 in each of the two most recent years and who, in
        either case, reasonably expects to exceed that net income level in the
        current year  

	  	 	 
	 ________   Category 3 
    	  	 an individual registered
        under the securities legislation of any province or territory of Canada,
        as an adviser or dealer, other than a limited market dealer registered
        under the Securities Act (Ontario)  

	  	 	 
	 ________   Category 4 
    	  	 an individual registered
        or formerly registered under the securities legislation of any province
        or territory of Canada as a representative of a person or company registered
        under the securities legislation of any province or territory of Canada,
        as an adviser or dealer, other than a limited market dealer registered
        under the Securities Act (Ontario)  

	  	 	 
	  	  	 Categories 5 to 9 apply
        only to persons resident in Ontario  

	  	 	 
	 ________   Category 5 
    	  	 a promoter of the Issuer
        or an affiliated entity of a promoter of the Issuer  

	  	 	 
	 ________   Category 6 
    	  	 a spouse, parent, grandparent
        or child of an officer, director or promoter of the Issuer  

	  	 	 
	 ________   Category 7 
    	  	 a person that, in relation
        to the Issuer, is an affiliated entity  

	  	 	 
	 ________   Category 8 
    	  	 a person that, in relation
        to the Issuer, is a person referred to in clause (c) of the definition
        of distribution in subsection 1(1) of the Securities Act (Ontario)
        (commonly known as a "control person")  

	  	 	 
	 ________   Category 9 
    	  	 a person that is recognized
        by the Ontario Securities Commission as an accredited investor  

 If the Purchaser is NOT an individual (that is, the Purchaser
  is a corporation, partnership, trust or other entity other than an individual),
  then the Purchaser satisfies one or more of the categories indicated below (please
  place an "X" on the appropriate lines): 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 7 of 26 pages  

	 Institutional investors 
    	 	  
	  	 	 
	 ________   Category 10 
    	 	 a bank listed in schedule
        I or II of the Bank Act (Canada), or an authorized foreign bank
        listed in schedule III of the Bank Act (Canada) 

	  	 	 
	 ________   Category 11 
    	 	 the Business Development
        Bank of Canada incorporated under the Business Development Bank
        of Canada Act (Canada)  

	  	 	 
	 ________   Category 12 
    	 	 a loan corporation or trust
        company that, in each case, is authorized to carry on business in Canada
        or a province or territory of Canada  

	  	 	 
	 ________   Category 13 
    	 	 a credit union or caisse
        populaire that, in each case, is authorized to carry on business in Canada
        or a province or territory of Canada  

	  	 	 
	 ________   Category 14 
    	 	 an association under the
        Cooperative Credit Associations Act (Canada) located in Canada 
      

	  	 	 
	 ________   Category 15 
    	 	 an insurance company authorized
        to carry on business in Canada or a province or territory of Canada 
      

	  	 	 
	 ________   Category 16 
    	 	 a subsidiary of any company
        referred to in Categories 10 to 15 where the company owns all of the voting
        shares of the subsidiary  

	  	 	 
	 ________   Category 17 
    	 	 a person or company registered
        under the securities legislation of any province or territory of Canada,
        as an adviser or dealer, other than a limited market dealer registered
        under the Securities Act (Ontario)  

	  	 	 
	 ________   Category 18 
    	 	 a pension fund that is regulated
        by either the Office of the Superintendent of Financial Institutions (Canada)
        or a provincial pension commission or similar regulatory authority 
      

	  	 	 
	 ________   Category 19 
    	 	 a company, syndicate, partnership,
        trust or unincorporated organization organized outside of Canada that
        is analogous to any of the entities referred to in Categories 10 to 18
        in form and function  

	  	 	 
	 ________   Category 20 
    	 	 a mutual fund or non-redeemable
        investment fund that, in the province or territory where the securities
        of the Issuer are being sold, distributes its securities only to persons
        or companies that are accredited investors 

	  	 	 
	 ________   Category 21 
    	 	 a mutual fund or non-redeemable
        investment fund that, in the province or territory where the securities
        of the Issuer are being sold, distributes its securities under a prospectus
        for which the regulator has issued a receipt  

	  	 	 
	 Government  
 organizations 
    	 	  
	  	 	 
	 ________   Category 22 
    	 	 the government of Canada
        or a province, or any crown corporation or agency of the government of
        Canada or a province  

	  	 	 
	 ________   Category 23 
    	 	 a municipality, a public
        board or commission in Canada  

	  	 	 
	 ________   Category 24 
    	 	 any national, federal, state,
        provincial, territorial or municipal government of or in any foreign jurisdiction,
        or any agency of that government  

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 8 of 26 pages  

	 Other corporations,  	  	  
	 partnerships, trusts & 
    	  	  
	 charities  	  	  
	  	 	 
	 ________   Category 25 
    	  	 a registered charity under
        the Income Tax Act (Canada)  

	  	 	 
	 ________   Category 26 
    	  	 a company, limited partnership,
        limited liability partnership, trust or estate, other than a mutual fund
        or non-redeemable investment fund, that had net assets of at least CAD
        $5,000,000 as reflected in its most recently prepared financial statements

	  	 	 
	 ________   Category 27 
    	  	 a person or company in respect
        of which all of the owners of interests, direct or indirect, legal or
        beneficial, are persons or companies that are accredited investors 

	  	 	 
	  	  	 Categories 28 to 31 apply
        only to persons resident in Ontario

	  	 	 
	 ________   Category 28 
    	  	 an investment portfolio
        account of a client established in writing with a portfolio adviser who
        makes investment decisions for the account and has full discretion to
        trade in securities of the account without requiring the client's express
        consent to a transaction

	  	 	 
	 ________   Category 29 
    	  	 a promoter of the Issuer
        or an affiliated entity of a promoter of the Issuer 

	  	 	 
	 ________   Category 30 
    	  	 a person or company that,
        in relation to the Issuer, is an affiliated entity 

	  	 	 
	 ________   Category 31 
    	  	 a person or company that,
        in relation to the Issuer, is a person or company referred to in clause
        (c) of the definition of distribution in subsection 1(1) of the Securities
        Act (Ontario) (commonly known as a "control person") 

 The statements made in this Questionnaire are true and accurate to the best
  of my information and belief and I will promptly notify the Agent and the Issuer
  of any changes in the answers.

	 Dated  _______________2003 	  
	  	 X  _______________________________________________________________
    
	  	 Signature of individual (if Purchaser is an individual) 
    
	  	  
	 	 X  _______________________________________________________________
    
	  	 Authorized signatory (if Purchaser is not an individual) 
    
	  	  
	 	  
	  	_________________________________________________________________
	  	 Name of Purchaser ( please print)  
	 	  
	  	_________________________________________________________________
	  	 Name of authorized signatory ( please print) 
    
	  	 
	 	_________________________________________________________________
	  	 Official capacity of authorized signatory (please print) 
    

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 9 of 26 pages  

 Provisions applicable to a purchaser resident
  in British Columbia

 IMPORTANT NOTE: the following provisions are applicable
  ONLY if the Purchaser is resident in British Columbia. 

 Additional definitions 

 In the following provisions applicable to a purchaser resident
  in British Columbia and the Subscription Agreement (including the first (cover)
  page and all of the appendixes), the following words have the following meanings
  unless otherwise indicated: 

	 	 (a)      	 "Accredited Investor" a person who falls into one
        of the categories set out in the "Accredited Investor Questionnaire" (other
        than a category specified to be for Ontario residents only) that starts
        on page 6; 

	 
	 	 (b)      	 "Applicable Legislation" includes the Securities
        Act (B.C.); 

	 
	 	 (c)      	 "Commissions" includes the British Columbia Securities
        Commission; 

	 
	 	 (d)      	 "Securities Act (B.C.)" means the Securities
        Act, R.S.B.C. 1996, c. 418, as amended; 

 In the following provisions, a person is "Deemed to be Acting
  as a Principal" if the person is duly authorized to enter into this subscription
  and to execute all documentation in connection with the purchase on behalf of
  each beneficial purchaser; is purchasing the Purchased Securities as an agent
  or trustee for accounts that are fully managed by it and is: 

	 	 (a)      	 a trust company or insurance company that has been
        authorized to do business under the Financial Institutions Act (British
        Columbia); or 

	 
	 	 (b)      	 an adviser who manages the investment portfolio
        of clients through discretionary authority granted by one or more clients
        and who is registered as a portfolio manager under the Securities Act
        (B.C.) or is exempt from such registration; 

 In the case of any Purchaser who is Deemed to be Acting as
  a Principal, the Purchaser acknowledges that the Issuer may in the future be
  required by law to disclose on a confidential basis to securities regulatory
  authorities the identity of each beneficial purchaser of Purchased Securities
  for whom the Purchaser may be acting. 

Applicable exemptions

 IN ADDITION to the representations and warranties in the General
  Provisions (on pages 21 to 26), the Purchaser represents and warrants to the
  Issuer that, as at the Agreement Date and at the Closing, the Purchaser has
  received an offering memorandum or satisfies one or more of the following categories:

	 	 (a)      	 "accredited investor" (s. 5.1, Multilateral Instrument
        45-103): the Purchaser is an Accredited Investor and it is purchasing
        the Purchased Securities as principal; or; 

	 
	 	 (b)      	 "$97,000 purchaser" (s. 74(2)(4), Securities
        Act (B.C.)): the Purchaser is purchasing sufficient Purchased
        Securities so that the aggregate acquisition cost of the Purchased Securities
        to the Purchaser is not less than CAD $97,000, the Purchaser is not a
        corporation, partnership, trust, fund, association, or any other organized
        group of persons created solely, or used primarily, to permit the purchase
        of the Purchased Securities (or other similar purchases) by a group of
        individuals whose individual share of the aggregate acquisition cost of
        the Purchased Securities is less than CAD $97,000, and the Purchaser is
        either: 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 10 of 26 pages  
	NOTE: the provisions on this page are applicable
      ONLY if the Purchaser is resident in British Columbia. 

	 	 	 (i)      
	 purchasing the Purchased Securities as principal
        and no other person, corporation, firm or other organization will have
        a beneficial interest in the Purchased Securities; or 

	 
	 	 	 (ii)     
      
	 if not purchasing the Purchased Securities as principal,
        is Deemed to be Acting as a Principal and the aggregate acquisition cost
        of the Purchased Securities purchased for all the accounts managed by
        it is not less than CAD $97,000; or 

	 
	 	 (c)      	 "exempt purchaser" (s. 74(2)(3), Securities
        Act (B.C.)): the Purchaser is purchasing as principal,
        is not an individual and is designated as an exempt purchaser in an order
        made by the Executive Director of the British Columbia Securities Commission.
      

Additional representations

 IN ADDITION to the representations and warranties in the General
  Provisions (on pages 21 to 26), the Purchaser also represents and warrants to
  the Issuer that, as at the Agreement Date and at the Closing: 

	 	 (a)      	 the Purchaser is not a "control person" of the Issuer
        as defined in the Securities Act (B.C.), will not become a "control
        person" by virtue of this purchase of any of the Securities, and does
        not intend to act in concert with any other person to form a control group
        of the Issuer; 

	 
	 	 (b)      	 the offer was not made to the Purchaser when the
        Purchaser was in the United States and, at the time the Purchaser's buy
        order was made to the Agent, the Purchaser was outside the United States;
      

	 
	 	 (c)      	 the Purchaser is not a U.S. Person; 

	 
	 	 (d)      	 the Purchaser is not and will not be purchasing
        Purchased Securities for the account or benefit of any U.S. Person. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 11 of 26 pages  

 Provisions applicable to a purchaser resident
  in Alberta

 IMPORTANT NOTE: the following provisions are applicable
  ONLY if the Purchaser is resident in Alberta.

 Additional definitions 

 In the following provisions applicable to a purchaser resident
  in Alberta and the Subscription Agreement (including the first (cover) page
  and all of the appendixes), the following words have the following meanings
  unless otherwise indicated: 

	 	 (a)      	 "Accredited Investor" a person who falls into one
        of the categories set out in the "Accredited Investor Questionnaire" (other
        than a category specified for Ontario residents only) that starts on page
        6; 

	 
	 	 (b)      	 "Applicable Legislation" includes the Securities
        Act (Alberta); 

	 
	 	 (c)      	 "Commissions" includes the Alberta Securities Commission;
      

	 
	 	 (d)      	 "Securities Act (Alberta)" means the Securities
        Act, R.S.A. 2000, c. S-4, as amended. 

 Applicable exemptions 

 IN ADDITION to the representations and warranties in the General
  Provisions (on pages 21 to 26), the Purchaser represents and warrants to the
  Issuer that, as at the Agreement Date and at the Closing, the Purchaser satisfies
  one or more of the following categories: 

	 	 (a)      	 "Accredited investor" (s. 5.1, Multilateral
        Instrument 45-103): the Purchaser is an Accredited Investor and it
        is purchasing the Purchased Securities as principal; or 

	 
	 	 (b)      	 "$97,000 purchaser" (s. 131(1)(d),
        Securities Act (Alberta)): the Purchaser is:
      

	 
	 	 	 (i)      
	 an individual purchasing sufficient Purchased Securities
        such that the aggregate acquisition cost of the Purchased Securities to
        the Purchaser is not less than CAD $97,000; 

	 
	 	 	 (ii)     
      
	 a corporation purchasing sufficient Purchased Securities
        such that the aggregate acquisition cost of the Purchased Securities is
        not less than CAD $97,000 in cash, and it was not incorporated solely
        to permit the purchase of the Purchased Securities without a prospectus;
        or 

	 
	 	 	 (iii)   
          
	 not a corporation or an individual but is a syndicate,
        partnership, trust or other unincorporated organization, and is purchasing
        as principal for its own account, and each member of the syndicate, partnership,
        trust or other unincorporated organization or each beneficiary of the
        trust, as the case may be, is an individual whose individual share of
        the aggregate acquisition cost of the Purchased Securities is not less
        than CAD $97,000; and 

	 
	 	 	 and the Purchaser is either 

	 
	 	 	 (iv)     
      
	 purchasing the Purchased Securities as principal
        and no other person, corporation, firm or other organization will have
        a beneficial interest in the Purchased Securities; or 

	 
	 	 	 (v)      
	 if not purchasing the Purchased Securities as principal,
        is duly authorized to enter into this Subscription Agreement and to execute
        all documentation in connection with the purchase on behalf of each beneficial
        purchaser, it acknowledges that the Issuer may in the future be required
        by law to disclose on a confidential basis to securities regulatory 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 12 of 26 pages  
	NOTE: the provisions on this page are applicable
      ONLY if the Purchaser is resident in Alberta. 

	 	 	 	authorities the identity of each beneficial purchaser
        of Purchased Securities for whom it may be acting, and is trading for
        accounts fully managed by it and is a trust corporation registered as
        such under the Securities Act Alberta trading as trustee or an
        agent, a portfolio manager trading as an agent, or a person or company
        trading as an agent that, except for an exemption under the Securities
        Act (Alberta) or the rules thereunder, is required to be registered
        as a portfolio manager. 

Additional representations

 IN ADDITION to the representations and warranties in the General
  Provisions (on pages 21 to 26), the Purchaser also represents and warrants to
  the Issuer that, as at the Agreement Date and at the Closing: 

	 	 (a)      	 the Purchaser is not a "control person" of the Issuer
        as defined in the Securities Act (Alberta), will not become a "control
        person" by virtue of this purchase of any of the Securities, and does
        not intend to act in concert with any other person to form a control group
        of the Issuer; 

	 
	 	 (b)      	 the offer was not made to the Purchaser when the
        Purchaser was in the United States and, at the time the Purchaser's buy
        order was made to the Agent, the Purchaser was outside the United States;
      

	 
	 	 (c)      	 the Purchaser is not a U.S. Person; 

	 
	 	 (d)      	 the Purchaser is not and will not be purchasing
        Purchased Securities for the account or benefit of any U.S. Person. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 13 of 26 pages  

 Provisions applicable to a purchaser resident
  in Ontario

 IMPORTANT NOTE: the following provisions are applicable
  ONLY if the Purchaser is resident in Ontario.

 Additional definitions 

 In the following provisions applicable to a purchaser resident
  in Ontario and the Subscription Agreement (including the first (cover) page
  and all of the appendixes), the following words have the following meanings
  unless otherwise indicated: 

	 	 (a)      	 "Accredited Investor" a person who falls into one of the categories set
      out in the "Accredited Investor Questionnaire" that starts on page 6; 
	 
	 	 (b)      	 "Applicable Legislation" includes the Securities Act (Ontario);
    
	 
	 	 (c)      	 "Commissions" includes the Ontario Securities Commission; 
	 
	 	 (d)      	 "Securities Act (Ontario)" means the Securities Act, R.S.O.
      1990, c. S.5, as amended. 

Additional representations

 IN ADDITION to the representations and warranties in the General
  Provisions (on pages 21 to 26), the Purchaser also represents and warrants to
  the Issuer that, as at the Agreement Date and at the Closing: 

	 	 (a)      	 the Purchaser is an Accredited Investor and it is
        purchasing the Purchased Securities as principal; 

	 
	 	 (b)      	 the Purchaser is not a "control person" of the Issuer
        (that is, a person or company that, in relation to the issuer, is an affiliated
        entity or a person or company referred to in clause (c) of the definition
        of distribution in subsection 1(1) of the Securities Act (Ontario)),
        will not become a "control person" by virtue of this purchase of any of
        the Securities, and does not intend to act in concert with any other person
        to form a control group of the Issuer; 

	 
	 	 (c)      	 the offer was not made to the Purchaser when the
        Purchaser was in the United States and, at the time the Purchaser's buy
        order was made to the Agent, the Purchaser was outside the United States;
      

	 
	 	 (d)      	 the Purchaser is not a U.S. Person; and 

	 
	 	 (e)      	 the Purchaser is not and will not be purchasing
        Purchased Securities for the account or benefit of any U.S. Person. 

Additional acknowledgement

 The Purchaser acknowledges that it must complete and file
  (with the appropriate fee) Ontario Form 45-501F2 with the Ontario Securities
  Commission within 10 days of any trade of the Purchased Securities. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 14 of 26 pages  

 Provisions applicable to a purchaser resident
  in Manitoba

 IMPORTANT NOTE: the following provisions are applicable
  ONLY if the Purchaser is resident in Manitoba. 

 Additional definitions 

 In the following provisions applicable to a purchaser resident
  in Manitoba and the Subscription Agreement (including the first (cover) page
  and all of the appendixes), the following words have the following meanings
  unless otherwise indicated:

	 	 (a)      	 "Applicable Legislation" includes the Securities
        Act (Manitoba); and 

	 
	 	 (b)      	 "Commissions" includes the Manitoba Securities Commission.
      

 Applicable exemptions 

 IN ADDITION to the representations and warranties in the General
  Provisions (on pages 21 to 26), the Purchaser acknowledges, represents, warrants
  and covenants to and with the Issuer that, as at the Agreement Date and at the
  Closing:

	 	 (a)      	 "$97,000 purchaser" (s. 19(3), Securities
        Act (Manitoba)): the Purchaser is purchasing sufficient Purchased Securities
        so that the aggregate acquisition cost of the Purchased Securities to
        the Purchaser is not less than CAD $97,000, the Purchaser is not a corporation,
        partnership, trust, fund, association, or any other organized group of
        persons created solely, or used primarily, to permit the purchase of the
        Purchased Securities (or other similar purchases) by a group of individuals
        whose individual share of the aggregate acquisition cost of the Purchased
        Securities is less than CAD $97,000, the purchaser is purchasing the Purchased
        Securities for investment only and not with a view to resale or distribution,
        and the Purchaser is purchasing the Purchased Securities as principal
        and no other person, corporation, firm or other organization will have
        a beneficial interest in the Purchased Securities. 

 Special forms 

 The Purchaser must (in addition to any other forms required
  in the Subscription Agreement) complete and sign Form 8 on page 15. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 15 of 26 pages  

 FORM 8 – PURCHASERS RESIDENT IN MANITOBA

 REPORT OF A TRADE MADE UNDER CLAUSE 19(1)(c) OR 

  SUBSECTION 19(3) OF THE ACT OR UNDER SECTION 90 OF

  THE REGULATION

	 1.      	 Full name and address of vendor: 
	 
	 	 Kimber Resources Inc. 

      215-800 West Pender Street 
	 	 Vancouver, British Columbia V6C 2V6 
	 
	 2.      	 Name and address of the issuer of the security traded: 
	 
	 	 Kimber Resources Inc. 

      215-800 West Pender Street 
	 	 Vancouver, British Columbia V6C 2V6 
	 
	 3.      	 Details of Purchase: 
	 

	 	  	  	 Name and Address of 
    	  	 Amount and  	  	  
	 	 Date of Purchase  	  	 Purchaser  	  	 Description of  	  	 Purchase  
	 	  	  	  	  	 Securities  	  	 Price  
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

	 4.      	 Give name and address of any person acting as agent
        in connection with this trade, and the compensation paid to or to be paid
        to such agent: 

	 
	 	 Canaccord Capital Corporation (the "Agent') 

        Suite 2200 609 Granville Street 

        Vancouver, B.C. V7Y 1H2 

	 
	 	 The Agent will receive a cash commission of 8% (subject
        to the Agent's right to elect to receive payment of up to 50% of such
        commission in the form of Units at a deemed price per Unit equal to the
        price at which Units are sold to Purchasers) and that amount of Agent's
        Warrants as is equal to 20% of the number of Units sold. Each Agent's
        Warrant is exercisable to purchase one common share of the Issuer for
        a period of 18 months from the date of issuance of the Agent's Warrant,
        at a price of CAD $0.55 per share. The Agent will also receive an administration
        fee of CAD $4,000. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 16 of 26 pages  

Certificate of Purchaser: 

                The
  undersigned hereby certifies that the statements made in this report are true
  and that the purchase was made as principal for investment only and not with
  a view to resale or distribution and undertakes further that he will file with
  the Manitoba Securities Commission within 10 days of the resale of any of the
  securities purchased hereunder a report prepared in accordance with Form 8A.

Dated at __________________________________ this ________________day
  of _________ , 2003.

	  	 (Name of Purchaser - please print)  
	 	 	 
	  	By:  	  
	 	 	 
	  	  	 (Signature)  
	 	 	  
	  	 	 
	  	 (Official Capacity - please print)  

Certificate of Vendor or Agent of Vendor:

                The
  undersigned hereby certifies that the statements made in this report are true.

 Dated at __________________________________ this ________________day of _________
  , 2003.

	  	 (Name of Purchaser - please print)  
	 	 	 
	  	By:  	  
	 	 	 
	  	  	 (Signature)  
	 	 	  
	  	 	 
	  	 (Official Capacity - please print)  

Instructions:

	 1.      	 The vendor or agent must file one signed copy, which
        may be signed by either the vendor or the agent. 

	 
	 2.      	 The "Certificate of Purchase" must be signed by
        the purchaser before the form is filed, except in those cases where the
        purchaser's signature is dispensed with by section 7(3) of the Securities
        Regulation (Manitoba). 

	 
	 3.      	 A separate report must be filed for each purchaser
        and the filing fee must accompany each report. 

	 
	 4.      	 In answer to question 4, give the name of the person
        or company who has been or will be paid remuneration directly related
        to the trade, such as commission, discounts or other fees or payments
        of a similar nature. It is not necessary to include payments for services
        incidental to the trade such as clerical, printing, legal or accounting
        services. 

	 
	 5.      	 If the space provided for any answer is insufficient,
        additional sheets may be used and must be cross- referred to the relevant
        item and properly identified and signed by the persons whose signatures
        appear on the report. 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 17 of 26 pages  

 Provisions applicable to a purchaser resident
  in the United Kingdom

IMPORTANT NOTE: the following provisions are applicable ONLY if the Purchaser is resident in the United Kingdom. 

Additional representations

IN ADDITION to the representations and warranties in the General Provisions (on pages 21 to 26), the Purchaser acknowledges, represents, warrants and covenants to and with the Issuer that, as at the Agreement Date and at the Closing: 

	 	 (a)      	 the Purchaser is acquiring the Purchased Securities
        for its own account for investment purpose only and not with a view to
        resale; and 

	 
	 	 (b)      	 the Purchaser is an authorized or exempted person
        within the meaning of the Financial Services Act 1986, or a local
        authority or a body corporate which has, or whose holding company has,
        a called up share capital or net assets of not less than £5 million
        or satisfies one or more of the other requirements of article 9(3) of
        the Financial Services Act 1986 (Investment Advertisements) (Exemptions)
        Order 1988 (as amended). 

 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 18 of 26 pages  

 FORM 4C 

  CORPORATE PLACEE REGISTRATION FORM

 Where subscribers to a Private Placement are not individuals,
  the following information about the placee must be provided. This Form will
  remain on file with the Exchange. The corporation, trust, portfolio manager
  or other entity (the "Placee") need only file it on one time basis, and it will
  be referenced for all subsequent Private Placements in which it participates.
  If any of the information provided in this Form changes, the Placee must notify
  the Exchange prior to participating in further placements with Exchange listed
  companies. If as a result of the Private Placement, the Placee becomes an Insider
  of the Issuer, Insiders of the Placee are reminded that they must file a Personal
  Information Form (2A) with the Exchange.

	1.
	 Placee Information:

	 	 	 
	 	 (a)      
	 Name: 
	 
	 	 (b)      
	 Complete Address: 
	 
	 	 (c)      
	 Jurisdiction of Incorporation or Creation: 
	 
	 2.      
	 (a)
	 Is the Placee purchasing securities as a portfolio manager (Yes/No)?
      ___ 
	 
	 	 (b)      
	 Is the Placee carrying on business as a portfolio manager outside of
      Canada (Yes/No)? ___
	 

	 3.      	 If the answer to 2(b) above was "Yes",
        the undersigned certifies that: 

	 
	 	 (a)     
      
	 It is purchasing securities of an Issuer on behalf
        of managed accounts for which it is making the investment decision to
        purchase the securities and has full discretion to purchase or sell securities
        for such accounts without requiring the client's express consent to a
        transaction; 

	 
	 	 (b)      
	 it carries on the business of managing the investment
        portfolios of clients through discretionary authority granted by those
        clients (a "portfolio manager" business) in ____________________ [jurisdiction],
        and it is permitted by law to carry on a portfolio manager business in
        that jurisdiction; 

	 
	 	 (c)      
	 it was not created solely or primarily for the purpose
        of purchasing securities of the Issuer; 

	 
	 	 (d)      
	 the total asset value of the investment portfolios
        it manages on behalf of clients is not less than CAD $20,000,000; and
      

	 
	 	 (e)      
	 it has no reasonable grounds to believe, that any
        of the directors, senior officers and other insiders of the Issuer, and
        the persons that carry on investor relations activities for the Issuer
        has a beneficial interest in any of the managed accounts for which it
        is purchasing 

	 
	 4.      	 If the answer to 2(a). above was "No",
        please provide the names and addresses of control persons of the Placee:
      

	 Name 

        

      

      	 City  	 Province or State  	 Country  
	

      

    	 	 	 
	

      

    	 	 	 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 19 of 26 pages  

	 Name 

        

      
	 City  	 Province or State  	 Country  
	
 
 	 	 	 
	
 
 	 	 	 

The undersigned acknowledges that it is bound by the provisions of applicable Securities Law, including provisions concerning the filing of insider reports and reports of acquisitions (See for example, sections 87 and 111 of the Securities Act
(British Columbia) and sections 176 and 182 of the Securities Act (Alberta). 

 Dated at ____________________________________ on _______________________ ,
  2003.

	  	  
	  	 X  _______________________________________________________________
    
	  	 Signature of individual (if Purchaser is an individual) 
    
	  	  
	 	 X  _______________________________________________________________
    
	  	 Authorized signatory (if Purchaser is not an individual) 
    
	  	  
	 	  
	  	_________________________________________________________________
	  	 Name of Purchaser ( please print)  
	 	  
	  	_________________________________________________________________
	  	 Name of authorized signatory ( please print) 
    
	  	 
	 	_________________________________________________________________
	  	 Official capacity of authorized signatory (please print) 
    

THIS IS NOT A PUBLIC DOCUMENT

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 20 of 26 pages  

Portfolio Manager: 

  Additional Undertaking and Certification 

 If the undersigned is a portfolio manager purchasing as agent
  for accounts that are fully managed by it, pursuant to an exemption from the
  prospectus requirements prescribed by British Columbia Securities Law, the undersigned
  acknowledges that it is bound by the provisions of the Securities Act
  (British Columbia) (the "Act"), and undertakes to comply with all provisions
  of the Act relating to ownership of, and trading in, securities including, without
  limitation, the filing of insider reports and reports pursuant to Section 111
  of the Act. If any of the information provided in this Form changes, the portfolio
  manager undertakes to notify the Exchange prior to participating in further
  private placements with Exchange listed companies.

 If the undersigned carries on business as a portfolio manager
  in a jurisdiction outside of Canada, the undersigned certifies that: 

	 	 (a)      	 it is purchasing securities of the Issuer on behalf
        of managed accounts for which it is making the investment decision to
        purchase the securities and has full discretion to purchase or sell securities
        for such accounts without requiring the client's express consent to a
        transaction; 

	 
	 	 (b)      	 it carries on the business of managing the investment
        portfolios of clients through discretionary authority granted by those
        clients (a "portfolio manager" business) in __________ [jurisdiction],
        and it is permitted by law to carry on a portfolio manager business in
        that jurisdiction; 

	 
	 	 (c)      	 it was not created solely or primarily for the purpose
        of purchasing securities of the Issuer; 

	 
	 	 (d)      	 the total asset value of the investment portfolios
        it manages on behalf of clients is not less than CAD$20,000,000; and 

	 
	 	 (e)      	 it has no reasonable grounds to believe, that any
        of the directors, senior officers and other insiders of the Issuer, and
        the persons that carry on investor relations activities for the Issuer
        has a beneficial interest in any of the managed accounts for which it
        is purchasing. 

 Dated at _______________ on ______________________ , 2003.

	  	_________________________________________________________________
	  	 Name of Purchaser ( please print)  
	 	  
	  	_________________________________________________________________
	  	 Authorized signatory
	  	 
	 	_________________________________________________________________
	  	 Official capacity of authorized signatory (please print) 
    
	 	 
	 	 
	 	_________________________________________________________________
	 	Name of individual whose signature appears above, if 
      
 different from name of purchaser above ( please print) 
    

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 21 of 26 pages  

GENERAL PROVISIONS 

 1.              DEFINITIONS
  

 1.1             In
  the Subscription Agreement (including the first (cover) page, the Terms on pages
  2 to 5, the General Provisions on pages 21 to 26 and the other schedules and
  appendixes incorporated by reference), the following words have the following
  meanings unless otherwise indicated: 

	 	 (a)      	 "1933 Act" means the United States Securities Act
        of 1933, as amended; 

	 
	 	 (b)      	 "Agent" has the meaning assigned in the Terms; 

	 
	 	 (c)      	 "Applicable Legislation" means the Securities Legislation
        Applicable to the Issuer (as defined on page 6) and all legislation incorporated
        in the definition of this term in other parts of the Subscription Agreement,
        together with the regulations and rules made and promulgated under that
        legislation and all administrative policy statements, blanket orders and
        rulings, notices and other administrative directions issued by the Commissions;
      

	 
	 	 (d)      	 "Closing" means the completion of the sale and purchase
        of the Purchased Securities; 

	 
	 	 (e)      	 "Closing Date" has the meaning assigned in the Terms;
      

	 
	 	 (f)      	 "Commissions" means the Commissions with Jurisdiction
        over the Issuer (as defined on page 5) and the securities commissions
        incorporated in the definition of this term in other parts of the Subscription
        Agreement; 

	 
	 	 (g)      	 "Exchange" has the meaning assigned in the Terms;
      

	 
	 	 (h)      	 "Final Closing" means the last closing under the
        Private Placement; 

	 
	 	 (i)      	 "General Provisions" means those portions of the
        Subscription Agreement headed "General Provisions" and contained on pages
        21 to 26; 

	 
	 	 (j)      	 "Private Placement" means the offering of the Purchased
        Securities on the terms and conditions of the Agency Agreement and this
        Subscription Agreement; 

	 
	 	 (k)      	 "Purchased Securities" has the meaning assigned
        in the Terms; 

	 
	 	 (l)      	 "Regulation S" means Regulation S promulgated under
        the 1933 Act; 

	 
	 	 (m)      	 "Regulatory Authorities" means the Commissions and
        the Exchange; 

	 
	 	 (n)      	 "Securities" has the meaning assigned in the Terms;
      

	 
	 	 (o)      	 "Subscription Agreement" means the first (cover)
        page, the Terms on pages 2 to 5, the General Provisions on pages 21 to
        26 and the other schedules and appendixes incorporated by reference; 

	 
	 	 (p)      	 "Terms" means those portions of the Subscription
        Agreement headed "Terms" and contained on pages 2 to 5. 

 1.2             In
  the Subscription Agreement, the following terms have the meanings defined in
  Regulation S: "U.S. Person" and "United States". 

 1.3             In
  the Subscription Agreement, unless otherwise specified, currencies are indicated
  with the ISO 4217 currency code so that, as examples, Canadian dollars are indicated
  with the prefix "CAD", United States dollars are 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 22 of 26 pages  

 1.4             
  indicated with the prefix "USD", British pounds sterling are indicated with
  the prefix "GBP" and the euro is indicated with the prefix "EUR". 

 1.5             In
  the Subscription Agreement, other words and phrases that are capitalized have
  the meaning assigned in the Subscription Agreement. 

 2.              REPRESENTATIONS
  AND WARRANTIES OF PURCHASER

 2.1             Acknowledgements
  concerning offering 

The Purchaser acknowledges that:

	 	 (a)      	 no securities commission or similar regulatory
        authority has reviewed or passed on the merits of the Securities; 

	 
	 	 (b)      	 there is no government or other insurance
        covering the Securities; 

	 
	 	 (c)      	 there are risks associated with the purchase
        of the Securities; 

	 
	 	 (d)      	 there are restrictions on the Purchaser's
        ability to resell the Securities and it is the responsibility of the Purchaser
        to find out what those restrictions are and to comply with them before
        selling the Securities; 

	 
	 	 (e)      	 the Issuer has advised the Purchaser that
        the Issuer is relying on an exemption from the requirements to provide
        the Purchaser with a prospectus and to sell securities through a person
        registered to sell securities under the Applicable Legislation and, as
        a consequence of acquiring securities pursuant to this exemption, certain
        protections, rights and remedies provided by the Applicable Legislation,
        including statutory rights of rescission or damages, will not be available
        to the Purchaser; 

	 
	 	 (f)      	 no prospectus has been filed by the Issuer
        with the Commissions in connection with the issuance of the Purchased
        Securities, the issuance is exempted from the prospectus and registration
        requirements of the Applicable Legislation and: 

	 
	 	 	 (i)   
          
	 the Purchaser is restricted from using most of the
        civil remedies available under the Applicable Legislation; 

	 
	 	 	 (ii)      
	 the Purchaser may not receive information that would
        otherwise be required to be provided to the Purchaser under the Applicable
        Legislation; and 

	 
	 	 	 (iii)     
      
	 the Issuer is relieved from certain obligations
        that would otherwise apply under the Applicable Legislation; 

	 
	 	(g)	 the Securities have not been registered
        under the 1933 Act and may not be offered or sold in the United States
        unless registered under the 1933 Act and the securities laws of all applicable
        states of the United States or an exemption from such registration requirements
        is available, and that the Issuer has no obligation or present intention
        of filing a registration statement under the 1933 Act in respect of the
        Purchased Securities or any of the Securities. 

 2.2             Representations
  by all purchasers 

 The Purchaser represents and warrants to the Issuer that,
  as at the Agreement Date and at the Closing:

	 	 (a)      	 the Purchaser has not received a copy of an offering
        memorandum; 

	 
	 	 (b)      	 to the best of the Purchaser's knowledge, the Securities
        were not advertised; 

 

	 Subscription Agreement (with related appendixes,
      schedules and forms)  	 Page 23 of 26 pages  

	 	 (c)      	 no person has made to the Purchaser any written or oral representations:
    
	 
	 	 	 (i)   
          
	 that any person will resell or repurchase the Securities;
      

	 
	 	 	 (ii)      
	 that any person will refund the purchase price of
        the Purchased Securities; 

	 
	 	 	 (iii)     
      
	 as to the future price or value of any of the Securities;
        or 

	 
	 	 	 (iv)      
	 that any of the Securities will be listed and posted
        for trading on a stock exchange or that application has been made to list
        and post any of the Securities for trading on any stock exchange other
        than the Shares on the Exchange; 

	 
	 	(d)
	 this subscription has not
        been solicited in any other manner contrary to the Applicable Legislation
        or the 1933 Act; 

	 
	 	(e)
	 the Purchaser is at arm's
        length (as that term is customarily defined) with the Issuer; 

	 
	 	(f) 
	 the Purchaser (or others
        for whom it is contracting hereunder) has been advised to consult its
        own legal and tax advisors with respect to applicable resale restrictions
        and tax considerations, and it (or others for whom it is contracting hereunder)
        is solely responsible for compliance with applicable resale restrictions
        and applicable tax legislation; 

	 
	 	(g) 
	 the Purchaser has no knowledge
        of a "material fact" or "material change" (as those terms are defined
        in the Applicable Legislation) in the affairs of the Issuer that has not
        been generally disclosed to the public, except knowledge of this particular
        transaction; 

	 
	 	(h)
	 the offer made by this
        subscription is irrevocable (subject to the Purchaser's right to withdraw
        the subscription and to terminate the obligations as set out in this Agreement)
        and requires acceptance by the Issuer and approval of the Exchange; 

	 
	 	(i) 
	 the Purchaser has the legal
        capacity and competence to enter into and execute this Agreement and to
        take all actions required pursuant to the Subscription Agreement and,
        if the Purchaser is a corporation, it is duly incorporated and validly
        subsisting under the laws of its jurisdiction of incorporation and all
        necessary approvals by its directors, shareholders and others have been
        given to authorize execution of this Agreement on behalf of the Purchaser;
      

	 
	 	(j)
	 the entering into of this
        Agreement and the transactions contemplated hereby will not result in
        the violation of any of the terms and provisions of any law applicable
        to, or the constating documents of, the Purchaser or of any agreement,
        written or oral, to which the Purchaser may be a party or by which the
        Purchaser is or may be bound; 

	 
	 	(k)
	 this Agreement has been
        duly executed and delivered by the Purchaser and constitutes a legal,
        valid and binding agreement of the Purchaser enforceable against the Purchaser;
      

	 
	 	(l)
	 the Purchaser has been
        independently advised as to the applicable hold period imposed in respect
        of the Securities by securities legislation in the jurisdiction in which
        the Purchaser resides and confirms that no representation has been made
        respecting the applicable hold periods for the Securities and is aware
        of the risks and other characteristics of the Securities and of the fact
        that the Purchaser may not be able to resell the Securities except in
        accordance with the applicable securities legislation and regulatory policies;
      

	 
	 	(m) 
	 the Purchaser is capable
        of assessing the proposed investment as a result of the Purchaser's financial
        and business experience or as a result of advice received from a registered
        person other than the Issuer or any affiliates of the Issuer; 

	 
	 	(n)
	 if required by applicable
        securities legislation, policy or order or by any securities commission,
        stock exchange or other regulatory authority, the Purchaser will execute,
        deliver, file and 

 

	 Subscription Agreement (with related appendixes,
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	 	 	 otherwise assist the Issuer in filing, such reports,
        undertakings and other documents with respect to the issue of the Securities
        as may be required; 

	 
	 	 (o)      	 the Purchaser acknowledges that the Agent will receive
        a commission from the Issuer in connection with this Private Placement.
      

2.3             Reliance,
    indemnity and notification of changes

 The representations and warranties in the Subscription Agreement
  (including the first (cover) page, the Terms on pages 2 to 5, the General Provisions
  on pages 21 to 26 and the other schedules and appendixes incorporated by reference)
  are made by the Purchaser with the intent that they be relied upon by the Issuer
  and the Agent in determining its suitability as a purchaser of Purchased Securities,
  and the Purchaser hereby agrees to indemnify the Issuer and the Agent against
  all losses, claims, costs, expenses and damages or liabilities which any of
  them may suffer or incur as a result of reliance thereon. The Purchaser undertakes
  to notify the Issuer and the Agent immediately of any change in any representation,
  warranty or other information relating to the Purchaser set forth in the Subscription
  Agreement (including the first (cover) page, the Terms on pages 2 to 5, the
  General Provisions on pages 21 to 26 and the other schedules and appendixes
  incorporated by reference) which takes place prior to the Closing. 

2.4             Survival
  of representations and warranties

 The representations and warranties contained in this Section
  will survive the Closing.

 3.              REPRESENTATIONS
  AND WARRANTIES OF THE ISSUER

 3.1             Incorporation
  by reference from Agency Agreement 

 The Issuer hereby makes in favour of the Purchaser the representations
  and warranties of the Issuer contained in the Agency Agreement. The Issuer will
  provide to the Purchaser, promptly on request and without charge, an extract
  from the Agency Agreement certified by an officer of the Issuer as a true extract
  of the representations and warranties contained in the Agency Agreement. 

 3.2             Survival
  of representations and warranties 

 The representations and warranties contained in this Section
  will survive the Closing.

3.3             Exclusion
  of liability of Agent

 The Purchaser acknowledges that the Agent is acting as an
  agent in this transaction and that all warranties, conditions, representations
  or stipulations, other than those relating solely to the Agent, whether express
  or implied and whether arising hereunder or under prior agreement or statement
  or by statute or at common law are expressly those of the Issuer. The Purchaser
  acknowledges that no information or representation concerning the Issuer has
  been provided to the Purchaser by the Issuer or the Agent other than those contained
  in this Agreement and the Agency Agreement and that the Purchaser is relying
  entirely upon this Agreement and the Agency Agreement. Any information given
  or statement made is given or made without liability or responsibility howsoever
  arising on the part of the Agent. No person in the employment of, or acting
  as agent of, the Agent has any authority to make or give any representation
  or warranty whatsoever in relation to the Issuer or the Securities. Any information
  given or statement made is given or made without liability or responsibility
  howsoever arising on the part of the Agent, and the Purchaser hereby releases
  the Agent from any claims that may arise in respect of any such information
  given or statement made. 

 4.              WITHDRAWAL
  OF SUBSCRIPTION 

 The Purchaser reserves the right to withdraw this subscription
  and to terminate its obligations hereunder at any time before Closing if the
  Agent terminates its obligations with respect to the Private Placement under
  the Agency Agreement and hereby appoints the Agent as its agent for the purpose
  of notifying the Issuer of the withdrawal or termination of this subscription.

 

	 Subscription Agreement (with related appendixes,
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 5.              CLOSING

 5.1             The
  Purchaser acknowledges that, although Purchased Securities may be issued to
  other purchasers under the Private Placement concurrently with the Closing,
  there may be other sales of Purchased Securities under the Private Placement,
  some or all of which may close before or after the Closing. The Purchaser further
  acknowledges that there is a risk that insufficient funds may be raised on the
  Closing to fund the Issuer's objectives and that further closings may not take
  place after the Closing. 

 5.2             On
  or before the end of the fifth business day before the Closing Date, the Purchaser
  will deliver to the Issuer or the Agent the Subscription Agreement and all applicable
  schedules and required forms, duly executed, and payment in full for the total
  price of the Purchased Securities to be purchased by the Purchaser. 

 5.3             At
  Closing, the Issuer will deliver to the Agent the certificates representing
  the Purchased Securities purchased by the Purchaser registered in the name of
  the Purchaser or its nominee. 

	 6.              
        MISCELLANEOUS 
	 
	 6.1             
        The Purchaser was introduced to the Issuer by the Agent under the terms
        of the Agency Agreement. 

 6.2             The
  Purchaser agrees to sell, assign or transfer the Securities only in accordance
  with the requirements of applicable securities laws and any legends placed on
  the Securities as contemplated by the Subscription Agreement. 

 6.3             The
  Purchaser hereby irrevocably authorizes the Agent, in its sole discretion: 

	 	 (a)      	 to act as the Purchaser's representative at the
        Closing, to receive certificates for Purchased Securities subscribed for
        and to execute in its name and on its behalf all closing receipts and
        documents required; and 

	 
	 	 (b)      	 to waive, in whole or in part, any representations,
        warranties, covenants or conditions for the benefit of the Purchaser contained
        in the Subscription Agreement or in any agreement or document ancillary
        or related to the Private Placement. 

 6.4             
  The Purchaser hereby authorizes the Issuer to correct any minor errors in, or
  complete any minor information missing from any part of the Subscription Agreement
  and any other schedules, forms, certificates or documents executed by the Purchaser
  and delivered to the Issuer in connection with the Private Placement. 

 6.5             The
  Issuer and the Agent may rely on delivery by fax machine of an executed copy
  of this subscription, and acceptance by the Issuer of such faxed copy will be
  equally effective to create a valid and binding agreement between the Purchaser
  and the Issuer in accordance with the terms of the Subscription Agreement. 

 6.6             Without
  limitation, this subscription and the transactions contemplated by this Agreement
  are conditional upon and subject to the Issuer's having obtained such regulatory
  approval of this subscription and the transactions contemplated by this Agreement
  as the Issuer and the Agent consider necessary. 

 6.7             This
  agreement is not assignable or transferable by the parties hereto without the
  express written consent of the other party to this Agreement. 

 6.8             Time
  is of the essence of this Agreement and will be calculated in accordance with
  the provisions of the Interpretation Act (British Columbia). 

 6.9             Except
  as expressly provided in this Agreement and in the agreements, instruments and
  other documents contemplated or provided for in this Agreement, this Agreement
  contains the entire agreement between the parties with respect to the Securities
  and there are no other terms, conditions, representations or warranties whether
  expressed, implied, oral or written, by statute, by common law, by the Issuer,
  by the Agent, or by anyone else. 

 6.10            The
  parties to this Agreement may amend this Agreement only in writing.

 

	 Subscription Agreement (with related appendixes,
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6.11            This
  Agreement enures to the benefit of and is binding upon the parties to this Agreement
  and their successors and permitted assigns. 

 6.12            A
  party to this Agreement will give all notices to or other written communications
  with the other party to this Agreement concerning this Agreement by hand or
  by registered mail addressed to the address given on page 1. 

 6.13            This
  Agreement is to be read with all changes in gender or number as required by
  the context. 

 6.14            This
  Agreement will be governed by and construed in accordance with the laws of British
  Columbia (without reference to its rules governing the choice or conflict of
  laws), and the parties hereto
  irrevocably attorn and submit to the exclusive jurisdiction of the courts of
  British Columbia with respect to any dispute related to this Agreement. 

 End of General Provisions

 End of Subscription Agreement

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