Letterhead of Teck]Subscription Agreement • July 10th, 2009 • Teck Resources LTD • Mining & quarrying of nonmetallic minerals (no fuels) • Ontario
This letter agreement (the “Agreement”) is further to our recent meetings and discussions regarding a transaction (the “Transaction”) pursuant to which Fullbloom Investment Corporation(the “Purchaser”), a direct wholly-owned subsidiary of China Investment Corporation (the “Guarantor”), will subscribe for, and Teck Resources Limited (“Teck”) will issue to the Purchaser, 101,304,474 Class B Shares (the “Purchased Shares”) on a private placement basis, for an aggregate subscription price of U.S.$1,500,000,000 (the “Purchase Price”).
