LETTERHEAD OF THE BANK OF NOVA SCOTIA]Teck Cominco LTD • October 14th, 2008 • Mining & quarrying of nonmetallic minerals (no fuels)
this Agreement or of any agreement or other document executed pursuant to this Agreement or any of the respective obligations intended to be created hereby or thereby. From and after payment by BNS of the purchase price for the Units by delivery of the Settlement Receipt, beneficial ownership of the Units shall pass absolutely to BNS without the need for any further act or formality and, for greater certainty, from that time BNS shall have the sole and exclusive right to all distributions on or relating to the Units, to vote the Units and to sell or otherwise dispose of the Units in its sole and absolute discretion and nothing in this Agreement or the Settlement Receipt shall limit those rights.
