ASSIGNMENT AND ASSUMPTION AGREEMENT
Exhibit 6
TO:
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Copper Bridge Acquisition Corp. (the “Assignee”) | |
RE:
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Support agreement (the “Support Agreement”) dated December 5, 2007 between China Minmetals Non-Ferrous Metals Co. Ltd. and Jiangxi Copper Company Ltd. (together, the “Assignor”) and Northern Peru Copper Corp. (“NOC”) | |
AND RE:
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Lock-up agreements (the “Lock-Up Agreements”) dated December 5, 2007 between the Assignor and certain shareholders (the “Locked-Up Shareholders”) of NOC |
WHEREAS the Assignor and NOC entered into the Support Agreement, pursuant to which the
Assignor agreed to, among other things, make an offer (the “Offer”) to acquire all of the
outstanding common shares of NOC and NOC agreed to, among other things, support the Offer;
AND WHEREAS the Assignor and the Locked-Up Shareholders entered into the Lock-Up Agreements,
pursuant to which the Assignor agreed to, among other things, make the Offer and the Locked-Up
Shareholders agreed to, among other things, support the Offer, deposit under the Offer the common
shares of NOC owned, or over which control or direction is held, by such Locked-Up Shareholders and
exercise or conditionally exercise the stock options owned by such Locked-Up Shareholders and
deposit under the Offer the common shares of NOC issuable upon such exercise or conditional
exercise;
AND WHEREAS pursuant to section 7.6 of the Support Agreement and section 7.9 of the Lock-Up
Agreements, the Assignor may assign all or any part of its rights or obligations under the Support
Agreement or Lock-Up Agreements, respectively, to a corporation whose shares are wholly owned
directly or indirectly by China Minmetals Non-Ferrous Metals Co. Ltd. and/or Jiangxi Copper Company
Ltd.;
AND WHEREAS the Assignee is indirectly jointly owned by the Assignor;
AND WHEREAS in connection with the making of the Offer, the Assignor has agreed to assign to
the Assignee all the rights and the Assignee has agreed to assume from the Assignor all the
obligations under the Support Agreement and the Lock-Up Agreements;
NOW THEREFORE the parties agree as follows:
1. | Assignment to Assignee |
The Assignor hereby assigns, transfers and conveys to the Assignee all of its rights under the
Support Agreement and the Lock-Up Agreements.
2. | Consent of the Assignee |
The Assignee hereby accepts the assignment, transfer and conveyance contained in Section 1
hereof and agrees to assume from the Assignor all of the obligations under the
Support Agreement and the Lock-Up Agreements as if the Assignee had been the original
signatory thereto in place of the Assignor.
3. | Acknowledgement of Assignor |
The Assignor hereby acknowledges that notwithstanding the assumption contained in Section 2
hereof, the Assignor shall continue to be liable to NOC for any default in performance by the
Assignee under the Support Agreement.
4. | Further Assurances |
Each of the parties hereto shall execute and deliver all such further documents and do such
other things as any other party may reasonably request to give full effect to this Agreement.
5. | Counterparts |
This Agreement may be executed in any number of counterparts and all such counterparts
together shall constitute but one Agreement.
[The remainder of this page has been left blank intentionally.]
IN WITNESS WHEREOF this Agreement has been executed by the parties hereto.
DATED as of the 17th day of December, 2007.
CHINA MINMETALS NON-FERROUS METALS CO. LTD. |
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by | /s/ Xxxxx Xxxxxxx | |||
Xxxxx Xxxxxxx | ||||
Vice-President and Deputy General Manager | ||||
JIANGXI COPPER COMPANY LTD. |
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by | /s/ Zha Kebing | |||
Zha Kebing | ||||
Deputy Chief Engineer and Senior Engineer | ||||
COPPER BRIDGE ACQUISITION CORP. |
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by | /s/ Xxxx Xxxx | |||
Xxxx Xxxx | ||||
President and Chief Financial Officer | ||||