Proposed Business Combination Agreement Sample Contracts

October 30, 2007 Canetic Resources Trust Canetic Resources Inc. 1900, 255 5th Avenue S.W. Calgary, Alberta T2P 3G6 Attention: J. Paul Charron President and Chief Executive Officer Gentlemen: Re: Proposed Business Combination

Proposed Business Combination Agreement • November 7th, 2007 • Canetic Resources Trust • Crude petroleum & natural gas

• Contract Type
  Proposed Business Combination Agreement
• Filed
  November 7th, 2007
• Company
  Canetic Resources Trust
• Industry
  Crude petroleum & natural gas

This letter sets forth the agreement between Penn West Energy Trust ("Penn West"), Penn West Petroleum Ltd. ("Penn WestPetroleum"), Canetic Resources Trust ("Canetic") and Canetic Resources Inc. ("CRI") with respect to a proposed transaction (the "Transaction") to combine Penn West and Canetic.