April 8, 2009 New Gold Inc. Vancouver, British Columbia V6C 2X8 Dear Sirs:Western Goldfields Inc. • April 16th, 2009 • Gold and silver ores
This letter sets out our agreement with respect to certain matters in connection with the proposed business combination by way of arrangement pursuant to a business combination agreement dated as of March 3, 2009 between WGI and New Gold (the “Agreement”). For good and valuable consideration (for which receipt is hereby acknowledged by both of us), we agree as follows (and the Agreement, and in the case of section 6 below, the Plan of Arrangement, shall be amended accordingly):
