PRIVATE AND CONFIDENTIAL Solway Investment Group Limited Attention: [Note: Personal information redacted] 20A Nikou Demetriou, Coral Court 6031 Larnaca, Cyprus Solway Industries Limited. Attention: [Note: Personal information redacted] 20A Nikou...Smelter Return Agreement • August 11th, 2011 • HudBay Minerals Inc. • Metal mining
This letter is being delivered to Solway Investment Group Limited (“Solway”), Solway Industries Ltd. (“Acquireco 1”) and Solway FeNi AS (“Acquireco 2”, and collectively with Solway and Acquireco 1, the “Purchasers”) pursuant to the Purchase Agreement (the “Agreement”) dated August 5, 2011 among the Purchasers, HudBay Minerals Inc. (“HudBay”), HMI Nickel Inc. (“HMI Nickel”), 6502873 Canada Inc. (“Canco” and collectively with HudBay and HMI Nickel, the “Vendors”) and HMI Nickel Coöperatief U.A. (“HMI NED”) and is the HudBay Disclosure Letter referred to therein.
