Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Ireland Inc. - Exhibit 10.1

AGENCY AGREEMENT 

This Agency Agreement (this “Agreement”) is made and entered
into by and between IRELAND INC., (the “Company”) and S & P INVESTORS, INC.
(the “Agent”). The Agent and the Company agree: 

	 	1. 	
      Engagement of Agent: The Company hereby
      engages the Agent, and the Agent hereby accepts such engagement, to act as
      the Company’s agent with respect to placements of “Securities” by the
      Company in a private placement transaction (the “Offering”). The total
      amount will be up to $2,990,000. The Securities are the Units of the
      Company as described more fully in the “Subscription for Units” (the
      “Subscription Agreement”) prepared by the Company for use in the Offering.
      Nothing herein shall preclude the Company from engaging, at its sole
      discretion, at any time, any other party, to provide to the Company
      services similar to or substantially similar to the services described
      herein.

	 	 	 
	 	2. 	
      Offering Procedures: The Agent will
      introduce the Company to investors (the “Offerees”) who the Agent
      represents and warrants: (i) are “accredited investors” as that term is
      defined in Rule 501(a) of Regulation D promulgated under the Securities
      Act of 1933; or (ii) are “qualified institutional buyers” as such term is
      defined in Rule 144A of the Securities Act of 1933.

	 	 	 
	 	3. 	
      Agent’s Compensation: In
      consideration for the services rendered by the Agent for this Offering,
      the Company shall pay to the Agent, or cause the Agent to be issued: (a)
      cash compensation upon the Company’s Closing of the Offering equal to
      SEVEN percent (7%) of the Offering funds received from Offerees, and (b)
      warrants exercisable for a period of two years from the date of issuance
      (the “Agent Warrants”) to purchase (at an exercise price equal to the
      lowest exercise price of the warrants issued to the Offerees) a number of
      shares par value $0.001 per share of the Company’s common stock (the
      “Common Shares”) equal to THREE percent (3%) of the total number of the
      Units sold to Offerees pursuant to the Offering. All Agent Warrants shall
      be issued in the name of the Agent.

	 	 	 
	 		
      The Agent shall be entitled to no compensation with
      respect to any funds received from any party other than an Offeree as
      defined in Section 2 above.

	 	 	 
	 	4. 	
      Certain Matters Relating to Agent’s
      Duties:

4.1 The Agent’s responsibilities shall
be limited to introducing potential Offerees to the Company, and the Agent shall
not have authority to offer or sell the Securities to any potential Offerees.
The Agent shall not use any general solicitation or general advertising within
the meaning of the applicable securities laws in connection with any offering.
The Agent shall have no responsibility to participate or assist in any
negotiations between any potential Offerees and the Company. The Agent will have
no responsibility to act, and the parties contemplate that the Agent 

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will not act, as a broker or dealer
with respect to the offer or sale of the Securities. Further, the Agent shall
have no responsibility for fulfilling any SEC reporting or filing requirements
as relates to the Company or meeting reporting or filing requirements in any
country or jurisdiction on behalf of the Company; provided however, the Agent
agrees to provide the Company with reasonable assistance related to any
reporting, registration, qualification or other requirements of applicable
securities laws and other regulatory matters. 

4.2 The Agent agrees to introduce the
Company to Offerees only in States in the United States of America in which the
Agent is registered as a broker-dealer in good standing and in States which the
Agent has been advised by the Company that offers and sales of Securities can be
legally made by the Company. 

4.3 The Agent shall perform its duties
under this Agreement in good faith and in a manner consistent with the
instructions of the Company.

4.4 The Agent is and will hereafter
act as an independent contractor and not as an employee of the Company and
nothing in this Agreement shall be interpreted or construed to create any
employment, partnership, joint venture, or other relationship between the Agent
and the Company. The Agent will not hold itself out as having, and will not
state to any person that the Agent has any relationship with the Company other
than as an independent contractor. The Agent shall have no right or power to
find or create any liability or obligation for or in the name of the Company or
to sign any documents on behalf of the Company. 

	 	5. 	
      Termination of Agreement. Either party may
      terminate this Agreement at any time by notifying the other party in
      writing. In any event, this Agreement will terminate upon the earlier of
      completion or termination of the Offering or July 15, 2007.
      Notwithstanding the foregoing, all provisions of this Agreement which by
      their terms survive termination of this Agreement, shall survive the
      termination of this Agreement. Further, the Agent shall be entitled to
      compensation under Section 3 based on any investments made by an Offeree
      in the Offering or any subsequent funding of any kind by Offerees at any
      time within one year of the termination of this Agreement.

	 	 	 
	 	6. 	
      Notices. Any notice, consent, authorization
      or other communication to be given hereunder shall be in writing and shall
      be deemed duly given and received when delivered personally, when
      transmitted by fax, three days after being mailed by first class mail, or
      one day after being sent by a nationally recognized overnight delivery
      service, charges and postage prepaid, properly addressed to the party to
      receive such notice, at the following address or fax number for such party
      (or at such other address or fax number for such party (or at such other
      address or fax number as shall hereafter be specified by such party by
      like notice):

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	 	(a) 	If to the Company to : 	  	 
	 	  	 	  	 
	 	  	IRELAND INC. 	cc: 	O'Neill Law Group PLLC 
	 	  	2441 W. Horizon Ridge Pkwy 	  	435 Martin Street, Suite 1010 
	 	  	Henderson, NV 89052 	  	Blaine, WA 98230 
	 	  	(702) 932-0353 Telephone 	  	(360) 332-330 Tel 
	 	  	(702) 939-5249 Facsimile 	  	(360) 332-2291 Fax 
	 	  	(702) 403-4846 Mobile 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	(b) 	If to the Agent to: 	  	 
	 	  	 	  	 
	 	  	Stuart G. Potter, Jr. 	cc: 	Bruce E. Lazier 
	 	  	S & P INVESTORS, INC. 	  	503 University Tower 
	 	  	12720 Hillcrest Road, Suite 108 	  	6440 N. Central Expwy. 
	 	  	Dallas, TX 75230 	  	Dallas, TX 75206 
	 	  	(972) 385-9471 Telephone 	  	(214) 368-9414 Tel. 
	 	  	(972) 385-9486 Facsimile 	  	(214) 368-9094 Fax 

	 	7. 	
      The Agent acknowledges and certifies
      that:

	 	 	 	 
	 		(a) 	
      no securities commission or similar regulatory authority
      has reviewed or passed on the merits of the Common Shares and Agent
      Warrants; and

	 	 	 	 
	 		(b) 	
      there is no government or other issuance covering the
      Common Shares and Agent Warrants; and

	 	 	 	 
	 		(c) 	
      there are risks associated with the purchase of the
      Common Shares and Agent Warrants; and

	 	 	 	 
	 		(d) 	
      there are restrictions on the Agent’s ability to resell
      the Common Shares, the Agent Warrants and the Common Shares underlying
      them, and it is the responsibility of the Agent to find out what those
      restrictions are and to comply with them before selling the Common Shares,
      the Agent Warrants or Common Shares underlying them;

	 	 	 	 
	 		(e) 	
      the Agent is an “accredited investor” as that term is
      defined in Rule 501(a) of Regulation D promulgated under the Securities
      Act of 1933, as amended;

	 	 	 	 
	 		(f) 	
      the Company has advised the Agent that the Company is
      relying on an exemption from the requirements to provide the Agent with a
      prospectus and to sell Securities through a person or company registered
      to sell Securities under applicable securities laws and, as a consequence
      of acquiring Common Shares and Agent Warrants pursuant to this exemption,
      certain protections, rights and remedies provided by applicable securities
      laws, including statutory rights of rescission or damages, will not be
      available to the Agent; and

3

	 	(g) 	
      the Agent is duly registered as a broker/dealer in each
      state in which the Units are being offered in accordance with applicable
      state laws.

		8. 	
      Company to Control Transactions. The
      prices, terms and conditions under which the Company shall offer or sell
      any Securities shall be determined by the Company in its sole discretion.
      The Company shall have the authority to control all discussions and
      negotiations regarding any proposed or actual offering or sale of
      Securities. Nothing in this Agreement shall obligate the Company to offer
      or sell any Securities or other securities or consummate any transaction.
      The Company may terminate any negotiations or discussions at any time and
      reserves the right not to proceed with the Offering or sale of Securities.
      Compensation pursuant to this Agreement shall only be paid to the Agent in
      the event of an actual Closing of the Offering or any subsequent closings
      of an offering or offerings of securities within one (1) year of the date
      of termination hereof to an Offeree.

	 	 	 
		9. 	
      Confidentiality of Company Information. The
      Agent, and its officers, directors, employees and agents shall maintain in
      strict confidence and not copy, disclose or transfer to any other party
      (1) all confidential business and financial information regarding the
      Company and its affiliates, including without limitation, projections,
      business plans, marketing plans, product development plans, pricing,
      costs, customer, vendor and supplier lists and identification, channels of
      distribution, and terms of identification of proposed or actual contracts,
      (2) all confidential technology of the Company and (3) the terms and
      existence of this Agreement. In furtherance of the foregoing, the Agent
      agrees that it shall not transfer, transmit, distribute, download or
      communicate, in any electronic, digitized or other form or media, any of
      the confidential technology of the Company. The foregoing is not intended
      to preclude the Agent from utilizing, subject to the terms and conditions
      of this Agreement, the Subscription Agreement prepared by the Company for
      use in the Offering.

	 	 	 
			
      All communications regarding any possible transactions,
      requests for due diligence or other information, requests for facility
      tours, product demonstrations or management meetings, will be submitted or
      directed to the Company, and the Agent shall not contact any employees,
      customers, suppliers or contractors of the Company or its affiliates
      without express permission. Nothing in this Agreement shall constitute a
      grant of authority to the Agent or any representatives thereof to remove,
      examine or copy any particular document or types of information regarding
      the Company, and the Company shall retain control over the particular
      documents or items to be provided, examined or copied. If the Offering is
      not consummated, or if at any time the Company so requests, the Agent and
      its representatives will return to the Company all copies of information
      regarding the Company in their possession. The provisions of this Section
      shall survive any termination of this Agreement.

	 	 	 
		10. 	Press Releases, Etc. The Company shall
      control all press releases or announcements to the public, the media or
      the industry regarding the Offering, any offering, placement, transaction
      or business relationship involving the Company or its affiliates. Except
      for communication to Offerees in furtherance of this Agreement and any
      other offering documentation, the Agent will not disclose the fact that
      discussions or negotiations are taking place concerning a possible
      transaction involving the Company, or the status or terms and conditions
      thereof.

4

	 	11. 	
      Due Diligence: Neither the Company, nor any
      of its directors, officers or shareholders should, in any way rely on the
      Agent to perform any due diligence with respect to the Company. It is
      expressly understood and agreed that to the extent due diligence is
      conducted it will be conducted by the Offerees.

	 	 	 
	 	12. 	
      Expenses, Etc. The compensation described
      in Section 3 of this Agreement shall be the Agent's sole compensation for
      all of its services and efforts to the Company and its affiliates, in
      connection with this Offering of Securities. However, while the Agent
      shall pay all of its own costs and expenses in carrying out its activities
      hereunder, the Company will reimburse the Agent for the first $10,000.00
      of aforementioned expenses after they have been incurred by the Agent and
      simply accounted for to the Company. The Agent shall be exclusively
      responsible for any compensation, fees, commissions or other payments to
      its employees, agents, representatives, co-agents(should delegation be
      permitted) or other persons or entities utilized by it in connection with
      its activities on behalf of the Company, and the Agent will indemnify and
      hold harmless the Company and its affiliates from the claims of any such
      persons or entities.

	 	 	 
	 	13. 	
      Compliance with Laws. The Agent represents
      and warrants that it is a duly registered broker/dealer and in good
      standing with the SEC, NASD and the State of Texas and that it is not
      presently the subject of any investigations or proceedings undertaken by
      such authorities, and that it has and shall maintain such registrations as
      well as all other necessary licenses and permits to conduct its activities
      under this Agreement, which it shall conduct in compliance with applicable
      federal and state laws relating to a private placement. The Agent
      represents that it is not a party to any other agreement which would
      conflict with or interfere with the terms and conditions of this
      Agreement.

	 	 	 
	 	14. 	
      Assignment Prohibited. No assignment of
      this Agreement shall be made without the prior written consent of the
      other party.

	 	 	 
	 	15. 	
      Amendments. Neither party may amend this
      Agreement or rescind any of its existing provisions without the prior
      written consent of the other party.

	 	 	 
	 	16. 	
      Governing Law. This Agreement shall
      be deemed to have been made in the State of Texas and shall be construed,
      and the rights and liabilities determined, in accordance with the law of
      the State of Texas without regard to the conflicts of laws rules of such
      jurisdiction.

	 	 	 
	 	17. 	
      Waiver. Neither the Agent's nor the
      Company's failure to insist at any time upon strict compliance with this
      Agreement or any of its terms nor any continued course of such conduct on
      their part shall constitute or be considered a waiver by the Agent or the
      Company of any of their respective rights or privileges under this
      Agreement.

	 	 	 
	 	18. 	
      Severability. If any provision herein is or
      should become inconsistent with any present or future law, rule or
      regulation of any sovereign government or regulatory body having
      jurisdiction over the subject matter of this Agreement, such provision
      shall be deemed to be rescinded or modified in accordance with such law,
      rule or regulation. In all other respects, this Agreement shall continue
      to remain in full force

5

	 		
      and effect.

	 	 	 
	 	19. 	
      Counterparts. This Agreement maybe
      executed in one or more counterparts, each of which shall be deemed an
      original, and will become effective and binding upon the parties at such
      time as all of the signatories hereto have signed a counterpart of this
      Agreement. All counterparts so executed shall constitute one Agreement
      binding on all of the parties hereto, notwithstanding that all of the
      parties are not signatory to the same counterpart. Each of the parties
      hereto shall sign a sufficient number of counterparts so that each party
      will receive a fully executed original of this Agreement.

	 	 	 
	 	20. 	
      Entire Agreement. This Agreement and
      all other agreements and documents referred herein constitutes the entire
      agreement between the Company and the Agent. No other agreements,
      covenants, representations or warranties, express or implied, oral or
      written, have been made by any party hereto to any other party concerning
      the subject matter hereof. All prior and contemporaneous conversations,
      negotiations, possible and alleged agreements, representations, covenants
      and warranties concerning the subject matter hereof are merged
    herein.

In witness whereof, the parties hereto have each signed this
Agreement as of the 19th day of June, 2007.

	 	S & P INVESTORS, INC. (the
      “Agent”) 
	 	 	  
	 	 	/s/ Stuart G. Potter, Jr. 
	 	By: 	
	 	 	Stuart G. Potter, Jr. 
	 	 	  
	 	 	  
	 	 	  
	 	IRELAND INC. (the “Company”)
    
	 	 	  
	 	 	/s/ Lorrie Archibald 
	 	By:	 
    
	 	 	Lorrie Archibald 

6EXHIBIT 4.1
                                                                     -----------

COMMON STOCK

BSI

COMMON STOCK

[LOGO]

Bridgeline Software, Inc.

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

CUSIP 10807Q 20 5

SEE REVERSE FOR CERTAIN DEFINITIONS

THIS CERTIFIES THAT

is the record holder of

FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK,
$0.001 PAR VALUE PER SHARE, OF

BRIDGELINE SOFTWARE, INC.

transferable on the books of the Corporation by the holder hereof in person or
by a duly authorized attorney upon surrender of this Certificate properly
endorsed. This Certificate is not valid until countersigned by the Transfer
Agent and registered by the Registrar.
WITNESS the facsimile seal of the Corporation and the facsimile signatures of
its duly authorized officers.

Dated:

[SIGNATURE]
TREASURER

[SIGNATURE]
PRESIDENT

COUNTERSIGNED AND REGISTERED:
AMERICAN STOCK TRANSFER & TRUST COMPANY
         (NEW YORK, NY)
TRANSFER AGENT
AND REGISTRAR
BY:
AUTHORIZED SIGNATURE

<PAGE>

[REVERSE OF CERTIFICATE]

BRIDGELINE SOFTWARE, INC.

The Corporation is authorized to issue more than one class of stock. The
Corporation will furnish without charge to each stockholder who so requests a
statement of the powers, designations, preferences, and relative, participating,
optional or other special rights of each class of stock or series thereof of the
Corporation, and qualifications, limitations or restrictions of such preferences
and/or rights.

The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations.

TEN COM -- as tenants in common TEN ENT -- as tenants by the entireties JT TEN
-- as joint tenants with rights of survivorship and not as tenants in common

UNIF GIFT MIN ACT -- _______________Custodian________________
                           (Cust)                 (Minor)

under Uniform Gifts to Minors
Act________________________
         (State)

UNIF TRF MIN ACT --__________________Custodian_______________
                           (Cust)                 (Minor)

under Uniform Transfers to Minors
Act_____________________
         (State)

Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED, ___________________hereby sell(s), assign(s), and
transfer(s) unto

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

(PLEASE PRINT NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

<PAGE>

Shares of the common stock represented by the within Certificate, and do(es)
hereby irrevocably constitute and appoint

Attorney to transfer the said stock on the books of the within named Corporation
with full power of substitution in the premises.

Dated:

(Signature(s) must conform in all respects to the name of Registered Holder as
specified on the face of this Certificate in every particular, without
alteration or any change whatsoever, and the signature must be guaranteed in the
usual manner.)

Signature(s) Guaranteed:

The signature(s) must be guaranteed by an eligible institution (banks,
stockbrokers, savings and loan associations and credit unions with membership in
an approved signature medallion program), pursuant to S.E.C. Rule 17Ad-15.

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR
DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO
THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

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