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<SEC-DOCUMENT>0000909567-08-000863.txt : 20080730
<SEC-HEADER>0000909567-08-000863.hdr.sgml : 20080730
<ACCEPTANCE-DATETIME>20080730171124
ACCESSION NUMBER:		0000909567-08-000863
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20080730
DATE AS OF CHANGE:		20080730
GROUP MEMBERS:		TECK COMINO LTD.
GROUP MEMBERS:		TECK COMINO METALS LTD.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORDING CANADIAN COAL TRUST
		CENTRAL INDEX KEY:			0001158113
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-62313
		FILM NUMBER:		08979640

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1000, 205-9TH AVE SE
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2G 0R4

	MAIL ADDRESS:	
		STREET 1:		SUITE1000, 205-9TH AVENUE SE
		CITY:			CALGARY
		STATE:			A0
		ZIP:			9999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORDING INC
		DATE OF NAME CHANGE:	20020802

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORDING ARRANGEMEN INC
		DATE OF NAME CHANGE:	20010824

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TECK COMINCO LTD
		CENTRAL INDEX KEY:			0000886986
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		200 BURRARD STREET STE 600
		STREET 2:		VANCOUVER BRITISH COLUMBIA CANADA
		CITY:			V6C 3L9
		STATE:			A1
		BUSINESS PHONE:		604 687 1117

	MAIL ADDRESS:	
		STREET 1:		200 BURRARD ST STE 600
		STREET 2:		VANCOUVER BRITISH COLUMBIA
		CITY:			CANADA V6C 3L9
		STATE:			A1
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>o41426sc13dza.htm
<DESCRIPTION>SC 13D/A
<TEXT>
<HTML>
<HEAD>
<TITLE>sc13dza</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>SCHEDULE 13D</B><BR>
<DIV align="center" style="font-size: 12pt"><B>Under the Securities
Exchange Act of 1934</B>
</DIV>

<P align="center" style="font-size: 12pt">INFORMATION TO BE
INCLUDED IN STATEMENTS FILED PURSUANT TO<BR>
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE
13d-2(a)<BR>
<B>(Amendment No.&nbsp;2&nbsp;)*</B>


<DIV align="center">
<DIV style="font-size: 24pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">Fording Canadian Coal Trust</DIV>
</DIV>


<DIV align="center" style="font-size: 10pt">(Name of Issuer)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">Trust Units</DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Title of Class of Securities)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">345425102</DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(CUSIP Number)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">Peter C. Rozee<BR>Teck Cominco Limited<BR>Suite 600-200 Burrard Street<BR>Vancouver, B.C. V6C 3L9<BR>Telephone: (604) 687-1117<BR></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt">(Name, Address and
Telephone Number of Person<BR>Authorized to Receive Notices and Communications)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">July 29, 2008</DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Date of Event Which Requires Filing of this Statement)
</DIV>

<P align="left" style="font-size: 10pt">If the filing person has previously filed a statement on Schedule&nbsp;13G to report
the acquisition which is the subject of this Schedule&nbsp;13D, and
is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. <FONT face="wingdings" size="2">&#111;</FONT>

<P align="left" style="font-size: 10pt">* The remainder of this cover page shall be filled out for a reporting
person&#146;s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.

<P align="left" style="font-size: 10pt">The information required on the remainder of this cover page shall not be
deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (the &#147;Act&#148;) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see
the <I>Notes</I>).


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt">
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="20%">&nbsp;</TD>
<TD width="55%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="9%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="9%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->


<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><DIV style="border: 1px solid #000000">345425102&nbsp;</DIV></TD>
<TD align="center" valign="top">Schedule 13D&nbsp;</TD>
<TD align="left" valign="top">Page</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><DIV style="border: 1px solid #000000">2&nbsp;</DIV></TD>
<TD>&nbsp;</TD>
<TD align="left" valign="top">of&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><DIV style="border: 1px solid #000000">11&nbsp;</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P>&nbsp;<DIV style="width: 100%; border: 1px solid black"><DIV align="center">

<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head --><TR style="font-size: 1px">
<TD width="5%">&nbsp;</TD>
<TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="83%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD valign="middle" align="center"><FONT style="font-size: 18pt"><B>1</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">NAMES OF REPORTING PERSONS<BR>
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)<BR>
Teck Cominco Limited</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;</TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>2</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR><BR></TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(a)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT>&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(b)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>3</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SEC USE ONLY</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>4</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="11" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="11" align="left">WC</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>5</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>6</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CITIZENSHIP OR PLACE OF ORGANIZATION</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">Canada
</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>7</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">NUMBER OF</TD>
<TD>&nbsp;</TD>
<TD align="left">12,857,142</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">SHARES</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>8</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">BENEFICIALLY</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">OWNED BY</TD>
<TD>&nbsp;</TD>
<TD>16,650,000</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>


<TR valign="bottom">
<TD align="center" colspan="3">EACH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>9</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">REPORTING</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">PERSON</TD>
<TD>&nbsp;</TD>
<TD align="left">12,857,142</TD>
</TR>
<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">WITH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>10</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left">16,650,000</TD>
</TR>
<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>11</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">29,507,142 Units</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>12</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF THE AGGREGATE AMOUNT IN ROW (11)&nbsp;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT>
</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>13</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">19.95&#37;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>14</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CO</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="20%">&nbsp;</TD>
<TD width="55%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="9%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="9%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->


<TR valign="bottom">
<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.</DIV></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><DIV style="border: 1px solid #000000">345425102&nbsp;</DIV></TD>
<TD align="center" valign="top">Schedule 13D&nbsp;</TD>
<TD align="left" valign="top">Page</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><DIV style="border: 1px solid #000000">3&nbsp;</DIV></TD>
<TD>&nbsp;</TD>
<TD align="left" valign="top">of&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><DIV style="border: 1px solid #000000">11&nbsp;</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P>&nbsp;<DIV style="width: 100%; border: 1px solid black"><DIV align="center">

<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
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<TD width="5%">&nbsp;</TD>
<TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD width="83%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
<TD valign="middle" align="center"><FONT style="font-size: 18pt"><B>1</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">NAMES OF REPORTING PERSONS<BR>
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)<BR>
Teck Cominco Metals Ltd.</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;</TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>2</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR><BR></TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(a)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT>&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">(b)&nbsp;&nbsp;&nbsp;<FONT face="wingdings" size="2">&#111;</FONT>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>3</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SEC USE ONLY</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>4</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="11" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="11" align="left">WC</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>5</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>6</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CITIZENSHIP OR PLACE OF ORGANIZATION</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">Canada
</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>7</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">NUMBER OF</TD>
<TD>&nbsp;</TD>
<TD align="left">-0-</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">SHARES</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>8</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED VOTING POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">BENEFICIALLY</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">OWNED BY</TD>
<TD>&nbsp;</TD>
<TD>16,650,000</TD>
</TR>

<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>


<TR valign="bottom">
<TD align="center" colspan="3">EACH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>9</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SOLE DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">REPORTING</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">PERSON</TD>
<TD>&nbsp;</TD>
<TD align="left">-0-</TD>
</TR>
<TR style="font-size: 1px">
<TD colspan="3">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD align="center" colspan="3">WITH</TD>
<TD valign="middle" align="center" rowspan="3" style="border-left: 1px solid #000000; border-right: 1px solid #000000"><FONT style="font-size: 18pt"><B>10</B></FONT></TD>
<TD>&nbsp;</TD>
<TD align="left">SHARED DISPOSITIVE POWER</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left">16,650,000</TD>
</TR>
<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>11</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">16,650,000 Units</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>12</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CHECK IF THE AGGREGATE AMOUNT IN ROW (11)&nbsp;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left"><FONT face="wingdings" size="2">&#111;</FONT>
</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>13</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">11.25&#37;</TD>
</TR>

<TR style="font-size: 1px">
<TD style="border-top: 1px solid #000000">&nbsp;</TD>
<TD style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom">
<TD valign="middle" align="center" rowspan="3"><FONT style="font-size: 18pt"><B>14</B></FONT></TD>
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD style="border-left: 1px solid #000000">&nbsp;</TD>
<TD colspan="4" align="left">CO</TD>
</TR>
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</DIV>
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>

<DIV style="font-size: 10pt; margin-top: 3pt">
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="30%">&nbsp;</TD>
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<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP
No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page
4 of 11</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Security and the Issuer</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Amendment No.&nbsp;2 to the Schedule&nbsp;13D (&#147;Amendment No.&nbsp;2&#148;) by Teck Cominco Limited (&#147;Teck&#148;) and
Teck Cominco Metals Ltd., a wholly-owned subsidiary of Teck (&#147;Teck Metals&#148;), relates to trust units
(the &#147;Units&#148;) of Fording Canadian Coal Trust, an open-ended mutual fund trust governed by the laws
of the Province of Alberta, Canada (the &#147;Issuer&#148;). This Amendment No.&nbsp;1 supplementally amends the
Initial Statement on Schedule&nbsp;13D, filed by Teck and Teck Metals with the Securities and Exchange
Commission on September&nbsp;27, 2007 (the &#147;Initial Statement&#148;), as amended by Amendment No.&nbsp;1 to the
Schedule&nbsp;13D, filed by Teck and Teck Metals on June&nbsp;20, 2008 (together, the &#147;Initial Statement&#148;).
The principal executive offices of the Issuer are located at 205 9<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Avenue SE, Suite
1000, Calgary, Alberta T2G 0R4. Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Initial Statement. The Initial Statement is supplementally
amended as follows.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Identity and Background.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No material change.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Source and Amount of Funds or Other Consideration</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Item 3 of
the Initial Statement is
hereby amended by adding the following at the end thereof:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On July&nbsp;29, 2008, Teck and the Issuer entered into an Arrangement Agreement (the &#147;Arrangement
Agreement&#148;), which provides, upon the terms and subject to the conditions set forth in that
agreement, Teck will acquire 100% of the Issuer&#146;s assets which consist principally of a royalty in
respect of the Issuer&#146;s 60% non-operating interest in the Elk Valley Coal Partnership (the &#147;Asset
Sale&#148;). Teck will also assume certain liabilities of the Issuer. Teck and the Issuer have made
customary representations, warranties and covenants in the Arrangement Agreement. Under the terms
of the Asset Sale, the Issuer&#146;s Unit holders will receive US$82.00 in cash and 0.245 of a Class&nbsp;B
subordinate voting share of Teck per Unit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In aggregate, pursuant to the terms of the Asset Sale, Teck will pay approximately US$12.4&nbsp;billion
in cash and issue approximately 36.9&nbsp;million Class&nbsp;B subordinate voting shares of Teck in
consideration for the Issuer&#146;s assets. The cash portion of the consideration is expected to be
primarily funded by a US$9.8&nbsp;billion fully underwritten bridge and term loan facility and the
proceeds of the sale, prior to closing, of the 29,507,142 Units of
the Issuer held by Teck.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, on July&nbsp;29, 2008, JPMorgan Chase Bank, N.A, Citibank, N.A., Canadian branch, Merrill
Lynch Capital Corporation, Canadian Imperial Bank of Commerce, Royal Bank of Canada and Bank of
Montreal (collectively, the &#147;Commitment Parties&#148;) entered into a commitment letter with Teck (the
&#147;Commitment Letter&#148;) pursuant to which the Commitment Parties agreed to provide to Teck, subject to
the satisfaction of certain conditions, U.S.$9.8&nbsp;billion in aggregate principal amount of debt
financing. The summary of the Commitment Letter contained in this Item&nbsp;3 does not purport to be
complete, and is qualified in its entirety by reference to the Commitment Letter filed as Exhibit
1, and incorporated herein by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Purpose of Transactions.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Item&nbsp;4 of the Initial Statement is hereby amended by adding the following at the end thereof:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information in Item&nbsp;3 is incorporated herein by reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
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    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP
No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>

<TD align="right" valign="top">Page
5 of 11</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Asset Sale and its related transactions are herein collectively referred to as the
&#147;Transaction.&#148; The Transaction is expected to close by the end of October, 2008. Closing of the
Transaction will be subject to customary conditions including, among others, the availability of
the financing arranged by Teck, receipt of all necessary regulatory approvals, absence of material
adverse changes, as well as approval of the Transaction by 66.67% of the Issuer&#146;s Unit holders
present in person or by proxy at the meeting held to approve the Transaction, and by a majority of
the Issuer&#146;s Unit holders voting on the Transaction other than Teck and its affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the Transaction, on July&nbsp;29, 2008, Teck entered into the Teachers&#146; Letter
Agreement (the &#147;Teachers&#146; Letter Agreement&#148;) with an affiliate of the Ontario Teachers&#146; Pension
Plan (&#147;Teachers&#148;) under which Teachers, in order to facilitate the Transaction, has agreed to amend
Teck&#146;s &#147;top-up&#148; obligations pursuant to the Unit Purchase Agreement dated as of September&nbsp;23, 2007,
entered into in connection with Teck&#146;s acquisition of 11.25% of the outstanding Issuer&#146;s Units from
Teachers. Teachers will, on completion of the Transaction, receive compensation of US$105&nbsp;million
for amending its rights, which would have otherwise expired on July&nbsp;31, 2008. Teck may satisfy
this obligation by selling certain Units of the Issuer to Teachers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, in connection with the Transaction, on July&nbsp;29, 2008, Teck and the Issuer entered into
a Confidentiality Agreement (the &#147;Confidentiality Agreement&#148;) which contains confidentiality and
six-month standstill obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SEC has adopted Rule&nbsp;13e-3 under the Securities Exchange Act of 1934, as amended, which is
applicable to certain &#147;going private&#148; transactions by issuers or their affiliates. Teck expects to
file the information required by Rule&nbsp;13e-3 with the SEC within the next several weeks and to
provide the required information to holders of the Issuer&#146;s Units at such time. Unit holders are
urged to read such information required by Rule&nbsp;13e-3 when it becomes available because it will
contain important information. In addition, upon the closing of the Transaction, the Issuer will
redeem all of the Units of the Issuer held by the public. As a result, its Units will be de-listed
from the New York Stock Exchange and the Toronto Stock Exchange and will no longer be traded or
quoted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The summary of the Arrangement Agreement, the Teachers&#146; Letter Agreement and the Confidentiality
Agreement contained in this Item&nbsp;4 does not purport to be complete, and are qualified in their
entirety by reference to the Arrangement Agreement, the Teachers&#146; Letter Agreement and the
Confidentiality Agreement filed as Exhibits 2, 3 and 4 hereto, and incorporated herein by
reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except as described in this Item&nbsp;4, the Reporting Persons have no present plans or proposals that
relate to or would result in any of the actions required to be reported herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Interest in Securities of the Issuer.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;&#150; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate number of Units held by Teck Metals, beneficially owned pursuant to the
Unit Purchase Agreement will be 16,650,000 Units, representing 11.25% of the outstanding units of
the Issuer. Teck Metal may be deemed to share voting and dispositive power with Teck with respect
to the 16,650,000 Units. Teck holds 12,857,142 Units pursuant to the Combination Agreement,
representing 8.7% of the outstanding units of the Issuer and has sole voting and dispositive power
with respect to the 12,857,142 Units. Teck may be deemed to beneficially own the 16,650,000 Units
held by Teck Metals, as a wholly-owned subsidiary and an aggregate of 29,507,142 Units,
representing 19.95% of the outstanding units of the Issuer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the date of this Schedule&nbsp;13D, Ronald Millos, Senior Vice President, Finance and Chief
Financial Officer beneficially owns 1,359 Units. Mr.&nbsp;Millos has sole voting and dispositive power
with respect to
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
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    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page 6 of 11</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">those Units. Teck and Teck Metals disclaim beneficial ownership of any Units beneficially owned by
Mr.&nbsp;Millos. Mr.&nbsp;Millos disclaims beneficial ownership of any Units beneficially owned by Teck and
Teck Metals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the date of this Schedule&nbsp;13D, Jalynn Bennett, a Director, beneficially owns 1,347 Units.
Ms.&nbsp;Bennett has no voting and dispositive power with respect to those Units. Teck and Teck Metals
disclaim beneficial ownership of any Units beneficially owned by Ms.&nbsp;Bennett. Ms.&nbsp;Bennett
disclaims beneficial ownership of any Units beneficially owned by Teck and Teck Metals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the date of this Schedule&nbsp;13D, Mayank M. Asher, a Director, beneficially owns 1,023 Units.
Mr.&nbsp;Asher has sole voting and dispositive power with respect to those Units. Teck and Teck Metals
disclaim beneficial ownership of any Units beneficially owned by Mr.&nbsp;Asher. Mr.&nbsp;Asher disclaims
beneficial ownership of any Units beneficially owned by Teck and Teck Metals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as disclosed in this Item&nbsp;5 of this Schedule&nbsp;13D, neither Teck nor Teck Metals, nor, to
the best knowledge of Teck and Teck Metals, any of the directors or executive officers of Teck and
Teck Metals has effected any transaction in the Units in the 60&nbsp;days prior to the filing of this
Schedule&nbsp;13D.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;6.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information in Item&nbsp;3 and Item&nbsp;4 is incorporated herein by reference; otherwise, the
information set forth in Item&nbsp;6 of the Initial Statement remains unchanged.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Material to be Filed as Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;No.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commitment Letter, dated as of July&nbsp;29, 2008, among JPMorgan Chase Bank, N.A, Citibank,
N.A., Canadian branch, Merrill Lynch Capital Corporation, Canadian Imperial Bank of Commerce, Royal
Bank of Canada, Bank of Montreal and Teck Cominco Limited.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Arrangement Agreement, dated as of July&nbsp;29, 2008, between Teck Cominco Limited and Fording
Canadian Coal Trust.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teacher&#146;s Letter Agreement dated as of July&nbsp;29, 2008 among Teck Cominco Limited, Teck Cominco
Metals Ltd., Golden Apple Income Inc. and Ontario Teachers&#146; Plan Board.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Confidentiality Agreement dated as of July&nbsp;29, 2008, between Teck Cominco Limited and Fording
Canadian Coal Trust.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page 7 of 11</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unit Purchase Agreement, dated as of September&nbsp;23, 2007, among Teck Cominco Limited, Teck
Cominco Metals Ltd., Golden Apple Income Inc. and Ontario Teachers&#146; Pension Plan Board.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 8pt; margin-top: 6pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Previously
filed as an exhibit to the Initial Statement on Schedule&nbsp;13D, filed by Teck and Teck
Metals with the Securities and Exchange Commission on September&nbsp;27, 2007.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page 8 of 11</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this statement is true, complete and correct.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated:
July&nbsp;30, 2008
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="3" align="left">TECK COMINCO LIMITED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>
</TR><TR>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Peter C. Rozee&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Peter C. Rozee&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President, Commercial Affairs&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="3" align="left">TECK COMINCO METALS LTD.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>
</TR><TR>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Peter C. Rozee</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Peter C. Rozee&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President, Commercial Affairs&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page 9 of 11</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>SCHEDULE I</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Teck Cominco Limited</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The name and present principal occupation or employment (and the name, principal business and
address of any corporation or other organization in which such employment is conducted) of each
director and officer of Teck Cominco Limited is set forth below. The principal business and
address of each director and officer is Teck Cominco Limited, Suite&nbsp;600-200 Burrard Street,
Vancouver, B.C. V6C 3L9, unless otherwise indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Name</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Present principal occupation or employment
(and the name, principal business and
address of any corporation or other
organization in which such employment is
conducted)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>DIRECTORS</B></U><BR>
<B>All directors listed below are Canadian citizens, except for Mr.&nbsp;Kuriyama and Mr.
Mochihara who are both Japanese citizens.</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mayank M. Asher
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Suncor Energy Inc.<BR>
P.O. Box 38, 112 &#150; 4 Avenue S.W. Calgary,<BR>
Alberta T2P 2V5 Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">J. Brian Aune
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Alderprise Inc., 755 Meny Sud RR3<BR>
Magog, Quebec 71X 3WY Canada.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jalynn H. Bennett
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Jalynn H. Bennett and Associates<BR>
Ltd., 303-247 Davenport Rd Toronto ON M5R<BR>
1J9 Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hugh J. Bolton
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, Epcor Utilities Inc., 10065 Jasper<BR>
Avenue, Edmonton, Alberta T5J 3B1 Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Norman B. Keevil
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Norman B. Keevil III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Operating Officer, Triton Logging Inc.,<BR>
6675 Mirah Road, Saanichton, BC, V8M 1Z4<BR>
Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Takashi Kuriyama
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Sumitomo Metal<BR>
Mining America Inc., #901 &#150; 700 West Pender<BR>
Street, Vancouver B.C. V6C 1G8 Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Donald R. Lindsay<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer, Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Takuro Mochihara
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Managing Executive Officer, Dept. of<BR>
Mineral Resources Division, Sumitomo Metal<BR>
Mining Co., Ltd., 11-3, Shimbashi 5-chome,<BR>
Minato-ku, Tokyo, 105-8716 JAPAN</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Lindsay is also a director of the Issuer.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page 10 of 11</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Derek G. Pannell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Partner, Brookfield Properties BCE<BR>
Place, 181 Bay Street, Suite&nbsp;330, Toronto,<BR>
Ontario M5J 2T3 Canada</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Janice G. Rennie
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Warren S.R. Seyffert<SUP style="font-size: 85%; vertical-align: text-top">2</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Keith E. Steeves
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chris M.T. Thompson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><U><B>EXECUTIVE OFFICERS</B></U><BR>
<B>All executive officers listed below are Canadian citizens, except for Mr.
Kukielski and Mr.&nbsp;Vance who are both U.S. citizens. The principal business and
address of each officer is Teck Cominco Limited, Suite&nbsp;600-200 Burrard Street,
Vancouver, B.C. V6C 3L9.</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>OFFICERS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Norman B. Keevil
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Donald R. Lindsay
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer and President</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Roger J. Higgins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Douglas H. Horswill
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Environment and
Corporate Affairs</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter G. Kukielski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief
Operating Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">G. Leonard Manuel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and General Counsel</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald A. Millos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Finance and Chief
Financial Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter C. Rozee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Commercial Affairs</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald J. Vance
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Corporate Development</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Timothy C. Watson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Project Development</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Seyffert is also a director of the Issuer.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP No.&nbsp;345425102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Schedule&nbsp;13D
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Page 11 of 11</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Teck Cominco Metals Ltd.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The name and present principal occupation or employment (and the name, principal business and
address of any corporation or other organization in which such employment is conducted) of each
director and officer of Teck Cominco Metals Ltd. is set forth below. The principal business and
address of each director and officer is Teck Cominco Limited, Suite&nbsp;600-200 Burrard Street,
Vancouver, B.C. V6C 3L9. All directors and executive officers listed below are Canadian citizens,
except for Mr.&nbsp;Kukielski and Mr.&nbsp;Vance who are both U.S. citizens.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Name</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Present principal occupation or employment
(and the name, principal business and
address of any corporation or other
organization in which such employment is
conducted)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>DIRECTORS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Norman B. Keevil
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director, Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Donald R. Lindsay<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">G. Leonard Manuel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and General Counsel,<BR>
Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald A. Millos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief Financial<BR>
Officer, Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter C. Rozee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Commercial Affairs,<BR>
Teck Cominco Limited</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>OFFICERS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Donald R. Lindsay
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer and President</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Roger J. Higgins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Douglas H. Horswill
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Environment and<BR>
Corporate Affairs</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter G. Kukielski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief Operating<BR>
Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">G. Leonard Manuel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and General Counsel</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald A. Millos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Finance and Chief<BR>
Financial Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter C. Rozee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Commercial Affairs</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald A. Vance
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Corporate Development</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Timothy C. Watson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Project Development</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Lindsay is also a director of the Issuer.</TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>o41426exv1.htm
<DESCRIPTION>EX-1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;1</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 6pt">July&nbsp;28 , 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Teck Cominco Limited<BR>
200 Burrard Street<BR>
Suite&nbsp;600<BR>
Vancouver, BC<BR>
V6C 3L9<BR>
Attention: Ronald A. Millos, Chief Financial Officer

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>Project Foxtrot &#151; Commitment Letter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ladies and Gentlemen:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You have advised JPMorgan Chase Bank, N.A (&#147;<U>JPMCB</U>&#148;), Citibank, N.A., Canadian branch
(&#147;<U>Citi</U>&#148;), Merrill Lynch Capital Corporation (&#147;<U>Merrill</U>&#148;), Canadian Imperial Bank of
Commerce (&#147;<U>CIBC</U>&#148;), Royal Bank of Canada (&#147;<U>RBC</U>&#148;) and Bank of Montreal
(&#147;<U>BMO</U>&#148;), and together with JPMCB, Citi, Merrill, CIBC and RBC, the &#147;<U>Commitment
Parties</U>&#148;), J.P. Morgan Securities Inc. (&#147;<U>JPMorgan</U>&#148;), Citigroup Global Markets Inc.
(&#147;<U>CGMI</U>&#148;), Merrill, Lynch, Pierce, Fenner &#038; Smith Incorporated (&#147;<U>MLPFS</U>&#148;), CIBC World
Markets (&#147;<U>CIBCWM</U>&#148;), RBC Capital Markets (&#147;<U>RBCCM</U>&#148;) and BMO Capital Markets
(&#147;<U>BMOCM</U>&#148;), and together with JPMorgan, CGMI, MLPFS, CIBCWM, and RBCCM, the
&#147;<U>Arrangers</U>&#148; and, together with the Commitment Parties, &#147;<U>we</U>&#148; or &#147;<U>us</U>&#148;), that
Teck Cominco Limited, a Canadian corporation (&#147;<U>Borrower</U>&#148; or &#147;<U>you</U>&#148;), proposes to
acquire, pursuant to a plan of arrangement (the &#147;<U>Acquisition</U>&#148;), from, directly or
indirectly, Fording Canadian Coal Trust, an open-ended mutual fund trust created under the laws of
Alberta (&#147;<U>Seller</U>&#148;), (i)&nbsp;the limited partnership units of Fording Limited Partnership, an
Alberta limited partnership (&#147;<U>Fording LP</U>&#148;), (ii)&nbsp;the shares of Fording (GP)&nbsp;ULC, a Nova
Scotia unlimited liability company, and (iii)&nbsp;the net profits interest computed by reference to 96%
of the net production from the mines owned by Elk Valley Coal Partnership and by Elkview Mine
Limited Partnership and of other cash flows generated within Fording LP granted to the Seller by
Fording LP (collectively, the &#147;<U>Acquired Assets</U>&#148;). The Acquisition will be effected as
contemplated by an arrangement agreement dated July&nbsp;29, 2008 (the &#147;<U>Arrangement Agreement</U>&#148;)
between Borrower and Seller. All references to &#147;dollars&#148; or &#147;$&#148; in this Commitment Letter and the
attachments hereto (collectively, this &#147;<U>Commitment Letter</U>&#148;) are references to United States
dollars. All references to &#147;Borrower&#148; or &#147;Borrower and its subsidiaries&#148; for any period from and
after consummation of the Acquisition shall include the Acquired Assets. Any Commitment Party may
extend its credit hereunder directly or through one or more affiliates. JPMCB may exercise any of
its rights and perform any of its obligations hereunder through its Toronto branch.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We understand that the sources of funds and other consideration required to fund the
Acquisition consideration and to pay fees, commissions and expenses in connection with the
Transactions (as defined below) will include: (A)&nbsp;the $4,000,000,000 senior term loan facility
</DIV>

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(the &#147;<U>Term Facility</U>&#148;) and the $5,810,000,000 senior bridge loan facility (the
&#147;<U>Bridge Facility</U>&#148;, and together with the Term Facility, the &#147;<U>Facilities</U>&#148; or the
&#147;<U>Debt Financing</U>&#148;) described in the Summaries of Principal Terms and Conditions (the
&#147;<U>Term Sheets</U>&#148;) attached hereto as Exhibits A and B, respectively; and (B)&nbsp;the Borrower&#146;s
current approximate 20% ownership interest in the Seller, (C)&nbsp;the issuance by the Borrower to the
Seller of approximately $1,500,000,000 of equity securities of the Borrower, and (D)&nbsp;approximately
$45,000,000 of the Borrower&#146;s cash on hand. We understand that no other financing will be required
for the uses described above. As used herein, the term &#147;<U>Transactions</U>&#148; means the
Acquisition, the Debt Financing and the payments of fees, commissions and expenses in connection
with each of the foregoing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You have requested that the Commitment Parties commit to provide the Facilities and that the
Arrangers agree to structure, arrange and syndicate the Facilities. Each of JPMCB, Citi, Merrill,
CIBC, RBC and BMO is pleased to advise you of its commitment to provide, severally and not jointly,
the percentage of each of the Facilities set forth opposite its name below, in each case upon the
terms and subject to the conditions set forth or referred to in this Commitment Letter.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Commitment Party</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Percentage</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Aggregate (both Facilities)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">JPMCB</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">20.082</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,970,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Citi</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">20.082</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,970,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Merrill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">20.082</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,970,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CIBC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">13.252</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,300,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">RBC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">13.252</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,300,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BMO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">13.252</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,300,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter and the Term Sheets set forth the principal terms and conditions on and
subject to which the Commitment Parties are willing to make available the Facilities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Arrangers is pleased to advise you of its willingness to act as a co-lead arranger
and joint bookrunner. It is agreed that JPMCB will act as administrative agent (in such capacity,
the &#147;<U>Administrative Agent</U>&#148;), and that JPMCB will have &#147;top left&#148; placement on all marketing
materials and documentation. You agree that, as a condition to the commitments and agreements
hereunder, no other agents, co-agents or arrangers will be appointed, no other titles will be
awarded and no compensation (other than that expressly contemplated by the Term Sheets and Fee
Letter referred to below) will be paid in connection with the Facilities unless you and we shall so
agree.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We intend to syndicate the Facilities to a group of lenders (together with the Commitment
Parties, the &#147;<U>Lenders</U>&#148;) identified by us in consultation with you. We intend to commence
syndication efforts promptly, and you agree actively to assist us in completing a syndication
satisfactory to us. Such assistance shall include (a)&nbsp;your using commercially
</DIV>

</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">reasonable efforts to ensure that the syndication efforts benefit materially from the existing
banking relationships of the Borrower and the Elk Valley Coal Partnership (&#147;<U>Elk Valley</U>&#148;),
(b)&nbsp;direct contact between senior management and advisors of the Borrower and Elk Valley and the
proposed Lenders, (c)&nbsp;as set forth below, assistance from the Borrower and Elk Valley in the
preparation of materials to be used in connection with the syndication (collectively, with the Term
Sheets, the &#147;<U>Information Materials</U>&#148;) and (d)&nbsp;the hosting, with us and senior management of
the Borrower and Elk Valley, of one or more meetings of prospective Lenders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Arrangers will manage, in consultation with you, all aspects of the syndication, including
decisions as to the selection of institutions to be approached and when they will be approached,
when their commitments will be accepted, which institutions will participate, the allocation of the
commitments among the Lenders and the amount and distribution of fees among the Lenders. The
Arrangers will have no responsibility other than to arrange the syndication as set forth herein and
in no event shall be subject to any fiduciary or other implied duties. Additionally, the Borrower
acknowledges and agrees that the Arrangers are not advising the Borrower as to any legal, tax,
investment, accounting or regulatory matters in any jurisdiction. The Borrower shall consult with
its own advisors concerning such matters and shall be responsible for making its own independent
investigation and appraisal of the transactions contemplated hereby, and the Arrangers shall have
no responsibility or liability to the Borrower with respect thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You will assist us in preparing Information Materials, including confidential information
memoranda, for distribution to prospective Lenders. To assist us in our syndication efforts, you
agree promptly to prepare and provide to us all information with respect to the Borrower, Elk
Valley, their subsidiaries, the Acquired Assets, the Transactions and the other transactions
contemplated hereby, including all financial information and projections (the
&#147;<U>Projections</U>&#148;), as we may reasonably request in connection with the arrangement and
syndication of the Facilities. You hereby represent and covenant that (a)&nbsp;all information other
than the Projections (the &#147;<U>Information</U>&#148;) that has been or will be made available to us by
you or any of your representatives is or will be, when furnished, complete and correct in all
material respects and does not or will not, when furnished, contain any untrue statement of a
material fact or omit to state a material fact necessary in order to make the statements contained
therein not materially misleading in light of the circumstances under which such statements are
made, and (b)&nbsp;the Projections that have been or will be made available to us by you or any of your
representatives have been or will be prepared in good faith based upon reasonable assumptions. You
understand that in arranging and syndicating the Facilities we may use and rely on the Information
and Projections without independent verification thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As consideration for the commitments and agreements of the Commitment Parties and the
Administrative Agent hereunder, you agree to cause to be paid the nonrefundable fees described in
the Fee Letter and the Administrative Agency Fee Letter, each dated the date hereof and delivered
herewith (collectively, the &#147;<U>Fee Letters</U>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Commitment Party&#146;s commitments and agreements hereunder are subject to: (a)&nbsp;there not
occurring or becoming known to such Commitment Party any event, development or circumstance that
has had or could reasonably be expected to have a material adverse effect on the business,
operations, property or condition (financial or otherwise) of the Borrower, Elk
</DIV>


</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Valley, and their subsidiaries, taken as a whole; (b) <B>&#091;intentionally deleted&#093;</B>; (c)&nbsp;such
Commitment Party not becoming aware after the date hereof of any information or other matter
(including any matter relating to financial models and underlying assumptions relating to the
Projections) affecting the Borrower, Elk Valley, their respective subsidiaries or the Transactions
that in such Commitment Party&#146;s judgment is inconsistent in a material and adverse manner with any
such information or other matter disclosed to such Commitment Party prior to the date hereof or
could reasonably be expected to materially impair the syndication of the Facilities; (d)&nbsp;there not
having occurred a material disruption of or material adverse change in conditions in the financial,
banking or capital markets that, in such Commitment Party&#146;s judgment, could reasonably be expected
to materially impair the syndication of the Facilities; (e)&nbsp;such Commitment Party&#146;s satisfaction
that prior to and during the syndication of the Facilities there shall be no competing offering,
placement or arrangement of any debt securities or bank financing by or on behalf of the Borrower,
Elk Valley or any of their affiliates (other than debt securities to be issued by the Borrower to
refinance the Bridge Facility or to reduce the amount required to be borrowed under the Bridge
Facility on the Closing Date); (f)&nbsp;the Arrangers having been afforded a reasonable period of time
to syndicate the Facilities, which in no event shall be less than 45&nbsp;days from the date of
commencement of syndication; (g)&nbsp;the execution and delivery of the Credit Documentation on or
before September&nbsp;30, 2008 and the funding of the loans under the Facilities on or before December
31, 2008; and (h)&nbsp;the other conditions set forth or referred to in Exhibit&nbsp;C hereby or in the Term
Sheets. The terms and conditions of the commitments hereunder and of the Facilities are not
limited to those set forth herein and in the Term Sheets (the date on which such conditions are
satisfied, the &#147;<U>Closing Date</U>). Those matters that are not covered by the provisions hereof
and of the Term Sheets are subject to the approval and agreement of the Commitment Parties and the
Borrower.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You agree (a)&nbsp;to indemnify and hold harmless the Commitment Parties, the Arrangers, their
affiliates and their respective directors, employees, advisors, and agents (each, an
&#147;<U>indemnified person</U>&#148;) from and against any and all losses, claims, damages and liabilities
to which any such indemnified person may become subject arising out of or in connection with this
Commitment Letter, the Facilities, the use of the proceeds thereof, the Transactions or any related
transaction or any claim, litigation, investigation or proceeding relating to any of the foregoing,
regardless of whether any indemnified person is a party thereto, and to reimburse each indemnified
person upon demand for any legal or other expenses incurred in connection with investigating or
defending any of the foregoing, <U>provided</U> that the foregoing indemnity will not, as to any
indemnified person, apply to losses, claims, damages, liabilities or related expenses to the extent
they are found by a final, non-appealable judgment of a court to arise from the willful misconduct
or gross negligence of such indemnified person, and (b)&nbsp;to reimburse each Commitment Party and its
affiliates on demand for all out-of-pocket expenses (including due diligence expenses, syndication
expenses, consultant&#146;s fees and expenses, travel expenses, and reasonable fees, charges and
disbursements of counsel) incurred in connection with the Facilities and any related documentation
(including this Commitment Letter and the definitive financing documentation (the &#147;<U>Credit
Documentation</U>&#148;)) or the administration, amendment, modification or waiver thereof. No
indemnified person shall be liable for any damages arising from the use by others of Information or
other materials obtained through electronic, telecommunications or other information transmission
systems, except to the extent such damages are found by a final, non-appealable judgment of a court
to arise from the gross negligence or willful misconduct of such indemnified person. In addition,
no indemnified person shall be liable for any special,
</DIV>
</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">indirect, consequential or punitive damages in connection with this Commitment Letter, the
Facilities, the use of the proceeds thereof, the Transactions or any related transaction.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You acknowledge that each Commitment Party and its affiliates (the term &#147;Commitment Party&#148; as
used below in this paragraph being understood to include such affiliates) may be providing debt
financing, equity capital or other services (including financial advisory services) to other
companies in respect of which you may have conflicting interests regarding the transactions
described herein and otherwise. No Commitment Party will use confidential information obtained
from you by virtue of the transactions contemplated hereby or its other relationships with you in
connection with the performance by such Commitment Party of services for other companies, and no
Commitment Party will furnish any such information to other companies. You also acknowledge that
no Commitment Party has any obligation to use in connection with the transactions contemplated
hereby, or to furnish to you, confidential information obtained from other companies. You further
acknowledge that each Arranger is a full service securities firm and any Arranger may from time to
time effect transactions, for its own or its affiliates&#146; account or the account of customers, and
hold positions in loans, securities or options on loans or securities of the Borrower and its
affiliates and of other companies that may be the subject of the transactions contemplated by this
Commitment Letter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Commitment Party may employ the services of its affiliates in providing certain services
hereunder and, in connection with the provision of such services, may exchange with such affiliates
information concerning you and the other companies that may be the subject of the transactions
contemplated by this Commitment Letter, and, to the extent so employed, such affiliates shall be
entitled to the benefits afforded such Commitment Party hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter shall not be assignable by you without the prior written consent of
each Commitment Party (and any purported assignment without such consent shall be null and void),
is intended to be solely for the benefit of the parties hereto and is not intended to confer any
benefits upon, or create any rights in favor of, any person other than the parties hereto and the
indemnified persons. This Commitment Letter may not be amended or waived except by an instrument
in writing signed by you and each Commitment Party. This Commitment Letter may be executed in any
number of counterparts, each of which shall be an original, and all of which, when taken together,
shall constitute one agreement. Delivery of an executed signature page of this Commitment Letter
by email or facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof. This Commitment Letter and the Fee Letters are the only agreements that have
been entered into among us with respect to the Facilities and set forth the entire understanding of
the parties with respect thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter shall be governed by, and construed and interpreted in accordance with,
the laws of the Province of Ontario. The Borrower consents to the nonexclusive jurisdiction and
venue of the Province of Ontario. Each party hereto irrevocably waives, to the fullest extent
permitted by applicable law, (a)&nbsp;any objection that it may now or hereafter have to the laying of
venue of any such legal proceeding in the state or federal courts located in the Province of
Ontario and (b)&nbsp;any right it may have to a trial by jury in any suit, action, proceeding, claim or
counterclaim brought by or on behalf of any party related to or arising out of this Commitment
Letter, the Term Sheets, the transactions contemplated hereby or the performance of services
hereunder.
</DIV>

</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter is delivered to you on the understanding that neither this Commitment
Letter, the Term Sheets or the Fee Letters nor any of their terms or substance shall be disclosed,
directly or indirectly, to any other person (including, without limitation, other potential
providers or arrangers of financing) except (a)&nbsp;to your officers, agents and advisors and, on a
confidential basis, those of the Seller, who are directly involved in the consideration of this
matter (except that Fee Letters may not be disclosed to the Seller) or (b)&nbsp;as may be compelled in a
judicial or administrative proceeding or as otherwise required by law (in which case you agree to
inform us promptly thereof), <U>provided</U>, that the foregoing restrictions shall cease to apply
(except in respect of the Fee Letters and its terms and substance) after this Commitment Letter has
been accepted by you.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby notify you that, pursuant to the requirements of various anti-money laundering,
anti-terrorism and other &#147;know your client&#148; laws, including the USA Patriot Act (collectively,
&#147;<U>KYC Laws</U>&#148;), we and the other Lenders may be required to obtain, verify and record
information that identifies Borrower, which information includes the name, address and tax
identification number and other information regarding them that will allow us or such Lender to
identify them in accordance with the KYC Laws. This notice is given in accordance with the
requirements of the KYC Laws and is effective as to us and the Lenders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please indicate your acceptance of the terms of this Commitment Letter and the Fee Letters by
returning to us executed counterparts of this Commitment Letter and the Fee Letters not later than
5:00 p.m., Eastern time, on July&nbsp;29, 2008 (the &#147;<U>Deadline</U>&#148;), whereupon the undertakings of
the parties shall become effective to the extent and in the manner provided hereby. This offer
shall terminate if not so accepted by you on or prior to the Deadline. Upon the earliest to occur
of (A)&nbsp;the execution and delivery of the Credit Documentation by all of the parties thereto and the
occurrence of the initial funding of the Facilities, (B)&nbsp;December&nbsp;31, 2008, if the Credit
Documentation shall not have been executed and delivered by all such parties, and the initial
funding of the Facilities shall not have occurred, prior to that date and (C)&nbsp;the date of
termination of the Arrangement Agreement, this Commitment Letter and the commitments of the
Commitment Parties hereunder and the agreement of the Arrangers to provide the services described
herein shall automatically terminate unless the Commitment Parties and the Arrangers shall, in
their sole discretion, agree to an extension.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;Signature Page Follows&#093;
</DIV>

</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are pleased to have been given the opportunity to assist you in connection with the
financing for the Acquisition.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
<BR>
JPMORGAN CHASE BANK, N.A.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Marian N. Schulman
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Marian N. Schulman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">J.P. MORGAN SECURITIES INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Lisa Kopff
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Lisa Kopff&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Executive Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Accepted as of July&nbsp;29, 2008.

</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>

</TR>
<TR>
    <TD colspan="3" align="left">TECK COMINCO LIMITED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>

</TR><TR>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Ronald A. Millos&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>

</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Ronald A. Millos&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>

</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior VP, Finance<BR>
and Chief Financial
Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>

</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Foxtrot Commitment Letter</I>
</DIV>

</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->



<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CITIBANK, N.A., CANADIAN BRANCH<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Matthew van Remmen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Matthew van Remmen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President <BR>Corporate Banking</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CITIGROUP GLOBAL MARKETS INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Maureen P. Maroney
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Maureen P. Maroney&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Authorized Signatory&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Foxtrot Commitment Letter</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MERRILL LYNCH CAPITAL CORPORATION<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Waseeh Faheem
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Waseeh Faheem&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MERRILL LYNCH PIERCE FENNER &#038; SMITH INCORPORATED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Waseeh Faheem
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Waseeh Faheem&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Foxtrot Commitment Letter</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BANK OF MONTREAL<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Stephen Kelly
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Stephen Kelly&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BMO CAPITAL MARKETS<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Stephen Kelly
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Stephen Kelly&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Foxtrot Commitment Letter</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CANADIAN IMPERIAL BANK OF COMMERCE<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Jens Peterson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Jens Peterson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Executive Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                              /s/ Scott Curtis
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Scott Curtis&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CIBC WORLD MARKETS<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert Tempelhagen
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Robert Tempelhagen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Executive Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Foxtrot Commitment Letter</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ROYAL BANK OF CANADA<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Blair J. Fleming
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Blair J. Fleming&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Managing Director<br>Group Head, Global Syndicated <br> and Leveraged Finance&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Foxtrot Commitment Letter</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;A</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">BRIDGE CREDIT FACILITY
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Summary of Terms and Conditions

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">July&nbsp;28, 2008

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><U><B>I. Parties</B></U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Borrower:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Teck Cominco Limited (the &#147;<u>Borrower</u>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Guarantor:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Teck Cominco Metals Ltd. (the &#147;<u>Guarantor</u>&#148;)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Administrative Agent:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">JPMorgan Chase Bank, N. A., Toronto Branch (&#147;<U>JPMCB</U>&#148; and, in
such capacity, the &#147;<U>Administrative Agent</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Co-Lead Arrangers and
Joint Bookrunners:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">J.P. Morgan Securities Inc.; Citigroup Global Markets Inc.;
Merrill, Lynch, Pierce, Fenner &#038; Smith Incorporated; CIBC World Markets; RBC Capital
Markets; and BMO Capital Markets (collectively, the &#147;<U>Arrangers</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Co-Syndication Agents:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Citigroup Global Markets Inc.; Merrill, Lynch, Pierce, Fenner &#038; Smith
Incorporated; CIBC World Markets; RBC Capital Markets; and BMO Capital Markets.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Lenders:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A syndicate of banks, financial institutions and other entities arranged by the
Arrangers, including JPMorgan Chase Bank, N.A., Toronto Branch; Citibank, N.A. Canadian
branch; Merrill Lynch Capital Corporation; Canadian Imperial Bank of Commerce; Royal
Bank of Canada; and Bank of Montreal (collectively, the &#147;<U>Lenders</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><U><B>II. </B></U> <U><B>Bridge Credit Facility</B></U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Type and Amount of
Facility:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"> 364-day non-revolving credit facility (the &#147;<U>Facility</U>&#148;) in the
amount of $5,810,000,000 (the loans thereunder, the &#147;<U>Loans</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Availability:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Facility shall be available in one drawing on the date on which the
conditions set forth in Schedule&nbsp;A <B>&#091;Note: this is Exhibit&nbsp;C of the Commitment Letter&#093;</B>
are satisfied (the date on which such conditions are satisfied, the &#147;<U>Closing </U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>Date</U>&#148;), which shall occur not later than December&nbsp;31,
2008.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Maturity Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The date which is 364&nbsp;days after the date on which the Loans are made.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Mandatory Commitment <BR>
Reductions:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The commitments in respect of the Facility shall be
reduced by the amount of any capital markets debt or
equity issued, or any material asset sales made,
after the date hereof but prior to the date on which
the Loans are made.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Purpose:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The proceeds of the Loans shall be used solely to assist the Borrower in
purchasing, pursuant to a plan of arrangement, from, directly or indirectly, Fording
Canadian Coal Trust, an open-ended mutual fund trust created under the laws of Alberta
(&#147;<U>Seller</U>&#148;) (i)&nbsp;the limited partnership units of Fording Limited Partnership, an
Alberta limited partnership (&#147;Fording LP&#148;), (ii)&nbsp;the shares of Fording (GP)&nbsp;ULC, a Nova
Scotia unlimited liability company, and (iii)&nbsp;the net profits interest computed by
reference to 96% of the net production from the mines owned by Elk Valley Coal
Partnership and by Elkview Mine Limited Partnership and of other cash flows generated
within Fording LP granted to the Seller by Fording LP (the &#147;<U>Acquired Assets</U>&#148;,
and the acquisition thereof by the Borrower being the &#147;<U>Acquisition</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><u><B>III. Certain Payment Provisions</B></u></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Fees and Interest Rates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">As set forth on Annex I.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Optional Prepayments:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Loans may be prepaid and commitments may be reduced by the Borrower in
minimum amounts to be agreed upon.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Mandatory Prepayments:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Facility shall be prepaid in an amount equal to (i)&nbsp;100% of the
net proceeds received by Borrower or any of its subsidiaries from material asset sales,
subject to exceptions to be agreed, and (ii)&nbsp;100% of the net proceeds received by
Borrower or any of its subsidiaries from the issuance of debt or equity after the
Closing Date, subject to exceptions to be agreed.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There will be no prepayment penalties (except LIBOR breakage
costs) for mandatory or optional prepayments.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><U><B>IV. Conditions of Closing</B></U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Conditions:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The availability of the Facility shall be conditioned upon satisfaction of the
conditions set forth in Schedule&nbsp;A <B>&#091;Note: This is Exhibit&nbsp;C of the Commitment Letter&#093;</B>
on or before the Closing Date. The Lenders acknowledge that the Arrangement Agreement
contemplates that, once Unitholder approval and court approval of the Transactions
shall have been obtained, there will be a period of 20 &#147;Trading Days&#148; (as defined in
the Arrangement Agreement relating to the Acquisition) (such period, the
&#147;<U>Pre-Closing Period</U>&#148;) during which the implementation of the Transactions shall
be deferred pending completion of certain market reallocation activity. The Lenders
acknowledge that, prior to the commencement of the Pre-Closing Period, the Borrower may
request that the Administrative Agent confirm the satisfaction of all conditions
precedent to the availability of the Facilities, other than the condition set forth in
paragraph (M)&nbsp;of Schedule&nbsp;A, and other than the payment by the Borrower to the Seller
of the transaction consideration and payment by the Borrower of the fees payable to the
Lenders on the Closing Date. Upon receipt of any such request, the Administrative
Agent shall confirm in writing prior to the commencement of the Pre-Closing Period that
either (a)&nbsp;all of such conditions have been satisfied, other than the payment by the
Borrower to the Seller of the transaction consideration and payment by the Borrower of
the fees payable to the Lenders on the Closing Date, or (b)&nbsp;one or more of such
conditions has not been satisfied. The Borrower may not extend the Pre-Closing Period,
and the Transactions must be completed and the Loans must be advanced within three (3)
business days of the end of the Pre-Closing Period, failing which the commitments shall
terminate.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><U><B>V. Certain Documentation Matters</B></U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Credit Documentation shall contain representations,
warranties, covenants and events of default which are
substantially similar to the current $800,000,000 revolving
credit agreement of the Borrower dated February&nbsp;16, 2005 (as
amended), with modifications customary for transactions of
this type, including the following:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Representations and</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Warranties:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization; Powers; Authorization; Enforceability; Governmental Approvals, No
Conflicts; Financial Condition; No Material Adverse Effect; Litigation; Compliance with
Laws and Agreements; Taxes; Titles to Assets; Disclosure; Defaults; Casualties; Taking
of Properties; Subsidiaries; Insurance; Solvency; Environmental Matters; Fiscal Year;
Intellectual Property Rights; Investment and Holding Company Status; ERISA.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Affirmative Covenants:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements and Other Information; Existence; Conduct of
Business; Payment of Obligations; Maintenance of Properties; Books and Records;
Inspection Rights; Compliance with Laws; Further Assurances; Insurance; Operation and
Maintenance of Property; Total Debt to Total Capitalization Ratio; Ranking; Most
Favoured Nations; Material Subsidiaries; Change of Control; Purchased Royalty will be
held by Borrower or Guarantor; Purpose.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Financial Covenants:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A Total Debt to Total Capitalization ratio of 0.60:1;00, with
step-downs to 0.50:1.00 within 12&nbsp;months after the date the Loans are made.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Negative Covenants:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indebtedness; Negative Pledge &#151; Borrower and Guarantors; Negative
Pledge &#151; Other Restricted Subsidiaries; Fundamental Changes; Restrictive Agreements.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Events of Default:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-payment of principal when due; non-payment of interest, fees or other
amounts (in the case of interest and fees, after a grace period of 3 business days);
inaccuracy of representations and warranties; violation of covenants (subject, in the
case of certain affirmative covenants, to a grace period of 30 business days);
cross-default; bankruptcy events; certain ERISA events; and material judgments.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Voting:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendments and waivers with respect to the Credit Documentation shall require the
approval of Lenders holding not less than 51% of the aggregate amount of the Loans and
unused commitments under the Facility, except that (a)&nbsp;the consent of each Lender
directly affected thereby shall be required with respect to (i)&nbsp;reductions in the
amount or extensions of the scheduled date of maturity of any Loan or any mandatory
prepayment as a result of the issuance of any capital markets debt or equity or the
sale of material assets, (ii)&nbsp;reductions in the rate of interest or any fee or
extensions of any due date thereof and (iii)&nbsp;increases</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">in the amount or extensions of the expiry date of any
Lender&#146;s commitment and (b)&nbsp;the consent of 100% of the
Lenders shall be required with respect to modifications to
any of the voting percentages.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Assignments
and Participations:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Lenders shall be permitted to assign all or a portion of their loans and commitments with the consent, not to be
unreasonably withheld, of (a)&nbsp;the Borrower, unless (i)&nbsp;the assignee is a Lender, an
affiliate of a Lender or an approved fund or (ii)&nbsp;an Event of Default has occurred and
is continuing, and (b)&nbsp;the Administrative Agent, unless a loan is being assigned to a
Lender, an affiliate of a Lender or an approved fund. In the case of partial
assignments (other than to another Lender, to an affiliate of a Lender or an Approved
Fund), the minimum assignment amount shall be $5,000,000, unless otherwise agreed by
the Borrower and the Administrative Agent.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Lenders shall also be permitted to sell participations in
their Loans. Participants shall have the same benefits as
the Lenders with respect to yield protection and increased
cost provisions. Voting rights of participants shall be
limited to those matters with respect to which the
affirmative vote of the Lender from which it purchased its
participation would be required as described under &#147;Voting&#148;
above. Pledges of Loans in accordance with applicable law
shall be permitted without restriction. Promissory notes
shall be issued under the Facility only to the extent
necessary to facilitate such pledges.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Yield Protection:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Credit Documentation shall contain customary provisions (a)
protecting the Lenders against increased costs or loss of yield resulting from changes
in reserve, tax, capital adequacy and other requirements of law and from the imposition
of or changes in withholding or other taxes and (b)&nbsp;indemnifying the Lenders for
&#147;breakage costs&#148; incurred in connection with, among other things, any prepayment of a
Eurodollar Loan (as defined in Annex I) on a day other than the last day of an interest
period with respect thereto.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Expenses and
Indemnification:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Borrower shall pay (a)&nbsp;all reasonable out-of-pocket expenses of the Administrative Agent and the Arrangers associated with the
syndication of the Facility and the preparation, execution, delivery and administration
of the Credit Documentation and any amendment or waiver with respect thereto (including
the reasonable fees,</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">disbursements and other charges of counsel) and (b)&nbsp;all
out-of-pocket expenses of the Administrative Agent and the
Lenders (including the fees, disbursements and other charges
of counsel) in connection with the enforcement of the Credit
Documentation.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Administrative Agent, the Arrangers and the Lenders (and
their affiliates and their respective officers, directors,
employees, advisors and agents) will have no liability for,
and will be indemnified and held harmless against, any loss,
liability, cost or expense incurred in respect of the
financing contemplated hereby or the use or the proposed use
of proceeds thereof (except to the extent resulting from the
gross negligence or willful misconduct of the indemnified
party).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Governing Law and Forum:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Province of Ontario</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Counsel to the
Administrative Agent
and the Arrangers:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Blake, Cassels &#038; Graydon LLP.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>Annex I</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>Interest and Certain Fees</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest Rate Options:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to:<BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the ABR<SUP style="font-size: 85%; vertical-align: text-top">1</SUP> plus the Applicable Margin; or<BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Adjusted LIBO Rate plus the Applicable Margin.<BR><BR>
As used herein:<BR><BR>
&#147;<U>ABR</U>&#148; means the highest of (i)&nbsp;the rate of interest publicly announced by JPMCB as its prime rate in
effect (the &#147;<U>Prime Rate</U>&#148;) and (ii)&nbsp;the Federal Funds Effective Rate from time to time <U>plus</U> 0.5%.<BR><BR></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#147;<U>Adjusted LIBO Rate</U>&#148; means the LIBO Rate, as adjusted for statutory reserve requirements for
eurocurrency liabilities.<BR><BR>
&#147;<U>Applicable Margin</U>&#148; means a percentage determined in accordance with the pricing grid below.<BR><BR></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#147;<U>LIBO Rate</U>&#148; means the rate at which eurodollar deposits in the London interbank market for one, two,
three or six months (as selected by the Borrower) are quoted on the Reuters BBA LIBOR Rates page 3750.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest Payment Dates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">In the case of Loans bearing interest based upon the ABR (&#147;<U>ABR Loans</U>&#148;), quarterly in arrears.<BR><BR></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">In the case of Loans bearing interest based upon the Adjusted LIBO Rate (&#147;<U>Eurodollar Loans</U>&#148;), on the
last day of each relevant interest period and, in the case of any interest period longer than three
months, on each successive date three months after the first day of such interest period.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Note: In the definitive credit agreement, the Loans may
be structured in two tranches, which would be identical in all respects except
for the basis upon which interest will be calculated. One tranche
(&#147;<U>Tranche A</U>&#148;) would contemplate interest calculated on the basis of
ABR; the other tranche (&#147;<U>Tranche B</U>&#148;) would contemplate interest
calculated on the basis of the &#147;US Base Rate&#148;, which is the higher of (i)&nbsp;the
rate publicly announced by JPMCB in Toronto as its base rate in Toronto for
determining interest rates on US Dollar denominated loans in Canada, and (ii)
the Federal Funds Effective Rate from time to time <U>plus</U> 0.5%. Tranche
A loans may be provided by Lenders from outside Canada; Tranche B loans may be
provided by Lenders from within Canada. The applicable Interest Margins will
be the same under Tranche A and Tranche B.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Default Rate:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">At any time when the Borrower is in default in the payment of any amount of principal due under the
Facility, such amount shall bear interest at 2% above the rate otherwise applicable thereto. Overdue
interest, fees and other amounts shall bear interest at 2% above the rate applicable to ABR Loans.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rate and Fee Basis:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">All per annum rates shall be calculated on the basis of a year of 360&nbsp;days (or 365/366&nbsp;days, in the
case of ABR Loans the interest rate payable on which is then based on the Prime Rate) for actual days
elapsed.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U>Interest Margins</U>:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The applicable Interest Margins will be the basis points set forth in the following table based on the
ratings by S&#038;P and Moody&#146;s of the senior unsecured long-term debt securities of Borrower after giving
effect to the Transactions without third-party credit enhancement (the &#147;<U>Debt Ratings</U>&#148;).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="RIGHT">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Ratings by</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>ABR</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>LIBOR</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>

<TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>S&#038;P/Moody&#146;s</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Loans</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Loans</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">I</DIV></TD>

    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">A-/A3</TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.00</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">II</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">BBB&#043;/Baa1</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.25</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.25</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">III</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">BBB/Baa2</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.50</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">IV</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">BBB-/ Baa3</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.00</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.00</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">V</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="left">BB&#043;/Ba1 or lower</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.50</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of the foregoing, (i)&nbsp;if Moody&#146;s and S&#038;P are still in the business of providing
ratings generally and either of them shall not have in effect a Debt Rating, then such rating
agency shall be deemed to have established a rating in Category V; (ii)&nbsp;if the Debt Ratings
established or deemed to have been established by Moody&#146;s and S&#038;P shall fall within different
categories, the Interest Margins shall be based on the higher of the two ratings unless one of the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
two ratings is two or more categories lower than the other, in which
case the Interest Margins shall be determined by reference to the category next below that of the
higher of the two ratings.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;B</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">TERM CREDIT FACILITY
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Summary of Terms and Conditions

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">July&nbsp;28, 2008
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></div>

<DIV align="center">


<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U><B>I. Parties</B></U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Borrower:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Teck Cominco Limited (the &#147;<u>Borrower</u>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Guarantor:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Teck Cominco Metals Ltd. (the &#147;<u>Guarantor</u>&#148;)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Administrative Agent:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">JPMorgan Chase Bank, N. A., Toronto Branch (&#147;<U>JPMCB</U>&#148; and, in
such capacity, the &#147;<U>Administrative Agent</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Co-Lead Arrangers and
Joint Bookrunners:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">J.P. Morgan Securities Inc.; Citigroup Global
Markets Inc.; Merrill, Lynch, Pierce, Fenner &#038; Smith
Incorporated; CIBC World Markets; RBC Capital
Markets; and BMO Capital Markets (collectively, the
&#147;<u>Arrangers</u>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Co-Syndication Agents:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Citigroup Global Markets Inc.; Merrill, Lynch, Pierce, Fenner &#038; Smith
Incorporated; CIBC World Markets; RBC Capital Markets; and BMO Capital Markets.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Lenders:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A syndicate of banks, financial institutions and other entities, including JPMorgan
Chase Bank, N.A Toronto Branch; Citibank, N.A. Canadian branch; Merrill Lynch Capital
Corporation; Canadian Imperial Bank of Commerce; Royal Bank of Canada; and Bank of
Montreal; arranged by the Arrangers (collectively, the &#147;<U>Lenders</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U><B>II. Term Credit Facility</B></U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Type and Amount of Facility:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Three-year term loan credit facility (the &#147;<u>Facility</u>&#148;) in
 the amount of $4,000,000,000 (the loans thereunder, the &#147;<U>Loans</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Availability:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Facility shall be available in one drawing on the date on which the
conditions set forth in Schedule&nbsp;A <B>&#091;Note: this is Exhibit&nbsp;C of the Commitment Letter&#093;</B>
are satisfied (the date on which such conditions are satisfied, the &#147;<U>Closing
Date</U>&#148;), which shall occur not later than December&nbsp;31, 2008.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Maturity Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The date which is three (3)&nbsp;years after the date on which the Loans are made.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Purpose:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The proceeds of the Loans shall be used solely to assist the Borrower in
purchasing, pursuant to a plan of arrangement, from, directly or indirectly, Fording
Canadian Coal Trust, an open-ended mutual fund trust created under the laws of Alberta
(&#147;<U>Seller</U>&#148;) (i)&nbsp;the limited partnership units of Fording Limited Partnership, an
Alberta limited partnership (&#147;Fording LP&#148;), (ii)&nbsp;the shares of Fording (GP)&nbsp;ULC, a Nova
Scotia unlimited liability company, and (iii)&nbsp;the net profits interest computed by
reference to 96% of the net production from the mines owned by Elk Valley Coal
Partnership and by Elkview Mine Limited Partnership and of other cash flows generated
within Fording LP granted to the Seller by Fording LP (the &#147;<U>Acquired Assets</U>&#148;,
and the acquisition thereof by the Borrower being the &#147;<U>Acquisition</U>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U><B>III. Certain Payment
Provisions</B></U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Fees and Interest Rates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">As set forth on Annex I.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Amortization:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Loans will be repaid in 11 equal quarterly installments on the last day of
each fiscal quarter, commencing with the fiscal quarter ending April&nbsp;30, 2009. Any
unpaid balance will be due and payable in full on the Maturity Date.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Optional Prepayments:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Loans may be prepaid and commitments may be reduced by the Borrower in
minimum amounts to be agreed upon.</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There will be no prepayment penalties (except LIBOR breakage
costs) for such prepayments.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Mandatory Prepayments:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">None.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U><B>IV. Conditions of
Closing</B></U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Conditions:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The availability of the Facility shall be conditioned upon satisfaction of the
conditions set forth in Schedule&nbsp;A <B>&#091;Note: This is Exhibit&nbsp;C of the Commitment Letter&#093;</B>
on or before the Closing Date. The Lenders acknowledge that the Arrangement Agreement
contemplates that, once Unitholder approval and court approval of the Transactions
shall have been obtained, there will be a period of 20 &#147;Trading Days&#148; (as defined in
the Arrangement Agreement relating to the Acquisition) (such period, the
&#147;<U>Pre-Closing Period</U>&#148;) during which the implementation of the Transactions shall
be deferred pending completion of</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">certain market reallocation activity. The Lenders
acknowledge that, prior to the commencement of the
Pre-Closing Period, the Borrower may request that the
Administrative Agent confirm the satisfaction of all
conditions precedent to the availability of the Facilities,
other than the condition set forth in paragraph (M)&nbsp;of
Schedule&nbsp;A, and other than the payment by the Borrower to the
Seller of the transaction consideration and payment by the
Borrower of the fees payable to the Lenders on the Closing
Date. Upon receipt of any such request, the Administrative
Agent shall confirm in writing prior to the commencement of
the Pre-Closing Period that either (a)&nbsp;all of such conditions
have been satisfied, other than the payment by the Borrower
to the Seller of the transaction consideration and payment by
the Borrower of the fees payable to the Lenders on the
Closing Date, or (b)&nbsp;one or more of such conditions has not
been satisfied. The Borrower may not extend the Pre-Closing
Period, and the Transactions must be completed and the Loans
must be advanced within three (3)&nbsp;business days of the end of
the Pre-Closing Period, failing which the commitments shall
terminate.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U><B>V. Certain Documentation
Matters</B></U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Credit Documentation shall contain representations,
warranties, covenants and events of default which are
substantially similar to the current $800,000,000 revolving
credit agreement of the Borrower dated February&nbsp;16, 2005 (as
amended), with modifications customary for transactions of
this type, including the following:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Representations and
Warranties:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization; Powers; Authorization; Enforceability; Governmental Approvals, No
Conflicts; Financial Condition; No Material Adverse Effect; Litigation; Compliance with
Laws and Agreements; Taxes; Titles to Assets; Disclosure; Defaults; Casualties; Taking
of Properties; Subsidiaries; Insurance; Solvency; Environmental Matters; Fiscal Year;
Intellectual Property Rights; Investment and Holding Company Status; ERISA.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Affirmative Covenants:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements and Other Information; Existence; Conduct of
Business; Payment of Obligations; Maintenance of Properties; Books and Records;
Inspection Rights; Compliance with Laws; Further Assurances; Insurance; Operation and
Maintenance of Property; Total Debt to Total Capitalization Ratio; Ranking; Most
Favoured Nations; Material Subsidiaries; Change of Control;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchased Royalty will be held by Borrower or Guarantor;
Purpose.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Financial Covenants:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A Total Debt to Total Capitalization ratio of 0.60:1;00, with
step-downs to 0.50:1.00 within 12&nbsp;months after the date the Loans are made.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Negative Covenants:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indebtedness; Negative Pledge &#151; Borrower and Guarantors; Negative
Pledge &#151; Other Restricted Subsidiaries; Fundamental Changes; Restrictive Agreements.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Events of Default:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-payment of principal when due; non-payment of interest, fees or other
amounts (in the case of interest and fees, after a grace period of 3 business days);
inaccuracy of representations and warranties; violation of covenants (subject, in the
case of certain affirmative covenants, to a grace period of 30 business days)
cross-default; bankruptcy events; certain ERISA events; and material judgments.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Voting:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendments and waivers with respect to the Credit Documentation shall require the
approval of Lenders holding not less than 51% of the aggregate amount of the Loans and
unused commitments under the Facility, except that (a)&nbsp;the consent of each Lender
directly affected thereby shall be required with respect to (i)&nbsp;reductions in the
amount or extensions of the scheduled date of amortization or maturity of any Loan,
(ii)&nbsp;reductions in the rate of interest or any fee or extensions of any due date
thereof and (iii)&nbsp;increases in the amount or extensions of the expiry date of any
Lender&#146;s commitment and (b)&nbsp;the consent of 100% of the Lenders shall be required with
respect to modifications to any of the voting percentages.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Assignments
and Participations:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Lenders shall be permitted to assign all or a portion of
their loans and commitments with the consent, not to be
unreasonably withheld, of (a)&nbsp;the Borrower, unless (i)&nbsp;the assignee is a Lender, an
affiliate of a Lender or an approved fund or (ii)&nbsp;an Event of Default has occurred and
is continuing, and (b)&nbsp;the Administrative Agent, unless a loan is being assigned to a
Lender, an affiliate of a Lender or an approved fund. In the case of partial
assignments (other than to another Lender, to an affiliate of a Lender or an Approved
Fund), the minimum assignment amount shall be $5,000,000, unless otherwise agreed by
the Borrower and the Administrative Agent.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Lenders shall also be permitted to sell participations in
their Loans. Participants shall have the same benefits as
the Lenders with respect to yield protection and increased</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cost provisions. Voting rights of participants shall be
limited to those matters with respect to which the
affirmative vote of the Lender from which it purchased its
participation would be required as described under &#147;Voting&#148;
above. Pledges of Loans in accordance with applicable law
shall be permitted without restriction. Promissory notes
shall be issued under the Facility only to the extent
necessary to facilitate such pledges.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Yield Protection:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Credit Documentation shall contain customary provisions (a)
protecting the Lenders against increased costs or loss of yield resulting from changes
in reserve, tax, capital adequacy and other requirements of law and from the imposition
of or changes in withholding or other taxes and (b)&nbsp;indemnifying the Lenders for
&#147;breakage costs&#148; incurred in connection with, among other things, any prepayment of a
Eurodollar Loan (as defined in Annex I) on a day other than the last day of an interest
period with respect thereto.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Expenses and
Indemnification:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Borrower shall pay (a)&nbsp;all reasonable out-of-pocket
expenses of the Administrative Agent and the Arrangers associated with the
syndication of the Facility and the preparation, execution, delivery and administration
of the Credit Documentation and any amendment or waiver with respect thereto (including
the reasonable fees, disbursements and other charges of counsel) and (b)&nbsp;all
out-of-pocket expenses of the Administrative Agent and the Lenders (including the fees,
disbursements and other charges of counsel) in connection with the enforcement of the
Credit Documentation.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Administrative Agent, the Arrangers and the Lenders (and
their affiliates and their respective officers, directors,
employees, advisors and agents) will have no liability for,
and will be indemnified and held harmless against, any loss,
liability, cost or expense incurred in respect of the
financing contemplated hereby or the use or the proposed use
of proceeds thereof (except to the extent resulting from the
gross negligence or willful misconduct of the indemnified
party).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Governing Law and Forum:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Province of Ontario</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">Counsel to the
Administrative Agent
and the Arrangers:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Blake, Cassels &#038; Graydon LLP.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>Annex I</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>Interest and Certain Fees</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest Rate Options:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal
to:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the ABR<SUP style="font-size: 85%; vertical-align: text-top">1</SUP> plus the Applicable Margin; or</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Adjusted LIBO Rate plus the Applicable Margin.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">As used herein:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#147;<U>ABR</U>&#148; means the highest of (i)&nbsp;the rate of interest publicly announced by JPMCB as its prime rate in
effect (the &#147;<U>Prime Rate</U>&#148;) and (ii)&nbsp;the Federal Funds Effective Rate from time to time <U>plus</U> 0.5%.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#147;<U>Adjusted LIBO Rate</U>&#148; means the LIBO Rate, as adjusted for statutory reserve requirements for
eurocurrency liabilities.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#147;<U>Applicable Margin</U>&#148; means a percentage determined in accordance with the pricing grid below.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#147;<U>LIBO Rate</U>&#148; means the rate at which eurodollar deposits in the London interbank market for one, two,
three or six months (as selected by the Borrower) are quoted on the Reuters BBA LIBOR Rates page 3750.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest Payment Dates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">In the case of Loans bearing interest based upon the ABR (&#147;<U>ABR Loans</U>&#148;), quarterly in arrears.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">In the case of Loans bearing interest based upon the Adjusted LIBO Rate (&#147;<U>Eurodollar Loans</U>&#148;), on the
last day of each relevant interest period and, in the case of any interest period longer than three
months, on each successive date three months after the first day of such interest period.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Note: In the definitive credit agreement, the Loans may
be structured in two tranches, which would be identical in all respects except
for the basis upon which interest will be calculated. One tranche
(&#147;<U>Tranche A</U>&#148;) would contemplate interest calculated on the basis of
ABR; the other tranche (&#147;<U>Tranche B</U>&#148;) would contemplate interest
calculated on the basis of the &#147;US Base Rate&#148;, which is the higher of (i)&nbsp;the
rate publicly announced by JPMCB in Toronto as its base rate in Toronto for
determining interest rates on US Dollar denominated loans in Canada, and (ii)
the Federal Funds Effective Rate from time to time <U>plus</U> 0.5%. Tranche
A loans may be provided by Lenders from outside Canada; Tranche B loans may be
provided by Lenders from within Canada. The applicable Interest Margins will
be the same under Tranche A and Tranche B.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Default Rate:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">At any time when the Borrower is in default in the payment of any amount of principal due under the
Facility, such amount shall bear interest at 2% above the rate otherwise applicable thereto. Overdue
interest, fees and other amounts shall bear interest at 2% above the rate applicable to ABR Loans.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rate and Fee Basis:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">All per annum rates shall be calculated on the basis of a year of 360&nbsp;days (or 365/366&nbsp;days, in the
case of ABR Loans the interest rate payable on which is then based on the Prime Rate) for actual days
elapsed.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U>Interest Margins</U>:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The applicable Interest Margins will be the basis points set forth in the following table based on the
ratings by S&#038;P and Moody&#146;s of the senior unsecured long-term debt securities of Borrower after giving
effect to the Transactions without third-party credit enhancement (the &#147;<U>Debt Ratings</U>&#148;).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="RIGHT">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>ABR</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>LIBOR</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Ratings by S&#038;P/Moody&#146;s</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Loans</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Loans</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">I
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A-/A3
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.00</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">II
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BBB&#043;/Baa1
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.25</TD>
    <TD nowrap valign="top">%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.25</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BBB/Baa2
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.50</TD>
    <TD nowrap valign="top">%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.50</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">IV
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BBB-/ Baa3
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.00</TD>
    <TD nowrap valign="top">%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.00</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">V
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BB&#043;/Ba1 or lower
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.50</TD>
    <TD nowrap valign="top">%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.50</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of the foregoing, (i)&nbsp;if Moody&#146;s and S&#038;P are still in the business of providing
ratings generally and either of them shall not have in effect a Debt Rating, then such rating
agency shall be deemed to have established a rating in Category V; (ii)&nbsp;if the Debt Ratings
established or deemed to have been established by Moody&#146;s and S&#038;P shall fall within different
categories, the Interest Margins shall be based on the higher of the two ratings unless one of the
two ratings is two or more categories lower than the other, in which case the
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Interest Margins shall be determined by reference to the category next below that of the higher of
the two ratings.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>



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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;C</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The availability of the Facilities, in addition to the conditions set forth in Exhibits A and
B, shall be subject to the satisfaction of the following conditions. Capitalized terms used but
not defined herein have the meanings given in said Exhibits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A. The Borrower and the Guarantor shall have executed and delivered satisfactory Credit
Documentation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">B. Unitholder approval and court approval of the Transactions shall have been obtained on
satisfactory terms in accordance with applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">C. The sources and uses of funding for the Transactions shall be substantially consistent with the
sources and uses table attached as Exhibit&nbsp;D to the Commitment Letter and the terms of such funding
sources shall be consistent with the terms hereof or otherwise satisfactory to the Arrangers. No
provision of the Arrangement Agreement and related documentation shall have been waived, amended,
supplemented or otherwise modified in any respect materially adverse to the Borrower or the
Lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">D. The Lenders, the Commitment Parties, the Administrative Agent and the Arrangers shall have
received all fees and invoiced expenses required to be paid on or before the Closing Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">E. All government and third party approvals necessary in connection with the Transactions, the
financing thereof and the continuing operations of the Borrower and the Acquired Assets shall have
been obtained on satisfactory terms. There shall not exist any action, investigation, litigation
or proceeding pending or threatened in any court or before any arbitrator or governmental authority
that could reasonably be expected to have a material adverse effect on the Borrower, the Acquired
Assets, the Transactions, the financing thereof or any of the other transactions contemplated
hereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">F. The Commitment Parties shall have received (i)&nbsp;audited consolidated financial statements of the
Borrower and the Seller for the three most recent fiscal years, and (ii)&nbsp;unaudited consolidated
financial statements of the Borrower and the Seller for each fiscal quarter ended after the latest
fiscal year referred to in clause (i)&nbsp;above and ended at least 45&nbsp;days prior to the Closing Date,
and unaudited consolidated financial statements for the same period of the prior fiscal year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">G. The Lenders shall have received a pro forma consolidated balance sheet of the Borrower as at the
date of the most recent balance sheet delivered pursuant to the preceding paragraph, adjusted to
give effect to the consummation of the Transactions and the financings contemplated hereby as if
such transactions had occurred on such date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">H. All conditions to completion of the Acquisition in accordance with the Arrangement Agreement
have been satisfied or waived (if applicable) in accordance with paragraph C. above, other than
satisfaction of the condition in section 6.3(d) of the Arrangement Agreement.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="CENTER" style="font-size: 10pt; margin-top: 12pt">2</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I. Arrangements satisfactory to the Administrative Agent shall have been made to repay and cancel
the existing credit facilities of the Seller and Elk Valley.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">J. The Administrative Agent shall have received such legal opinions (including opinions (i)&nbsp;from
counsel to the Borrower, (ii)&nbsp;if agreed by opining counsel, delivered pursuant to the Arrangement
Agreement, accompanied by reliance letters in favor of the Lenders and (iii)&nbsp;from such special and
local counsel as may be required by the Administrative Agent), certificates (including a chief
financial officer&#146;s solvency certificate), documents and other instruments as are customary for
transactions of this type or as it may reasonably request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. The Borrower and the Guarantor shall have provided the documentation and other information to
the Lenders that is required by regulatory authorities under applicable &#147;know your customer&#148; and
anti-money-laundering rules and regulations, including, without limitation, the Patriot Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">L. The accuracy of all representations and warranties in the Credit Documentation (including,
without limitation, the material adverse change and litigation representations), and there being no
default or event of default in existence at the time of, or after giving effect to the making of,
such extension of credit. As used herein and in the Credit Documentation, the term &#147;material
adverse change&#148; shall mean an event, development or circumstance that has had a &#147;material adverse
effect&#148; (as that term is defined in the Borrower&#146;s existing revolving Credit Agreement dated
February&nbsp;16, 2005, as amended).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">M. The Administrative Agent shall have received a certificate from the chief financial officer of
the Borrower confirming that (i)&nbsp;the Pre-Closing Period has been completed in accordance with the
Arrangement Agreement, (ii)&nbsp;the Borrower is ready to initiate the transaction implementation
procedure under the Arrangement Agreement, and (iii)&nbsp;substantially concurrently with the advance of
the Loans under the Facilities, the Transactions will be completed in accordance with the
Arrangement Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The availability of the Bridge Facility is also subject to the concurrent funding of the amounts to
be borrowed under the Term Facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The availability of the Term Facility is also subject to the concurrent funding of the amounts to
be borrowed under the Bridge Facility.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;D</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>Sources and Uses</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="37%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Sources</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="LEFT">Uses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Term Loans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="RIGHT" valign="top">$</TD>
    <TD align="right" valign="top">4,000,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Equity purchase price</TD>
    <TD>&nbsp;</TD>
    <TD align="RIGHT" valign="top">$</TD>
    <TD align="right" valign="top">13,368,000,000</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bridge facility</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,810,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Refinance existing Fording/Elk Valley debt</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">336,000,000</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sale of Fording stake</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,549.000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transaction Costs</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">200,000,000</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Issuance of Teck
shares to Foxtrot</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,500,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from balance sheet</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TOTAL SOURCES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="RIGHT" valign="top">$</TD>
    <TD align="right" valign="top">13,904,00,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TOTAL USES</TD>
    <TD>&nbsp;</TD>
    <TD align="RIGHT" valign="top">$</TD>
    <TD align="right" valign="top">13,904,000,000</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>o41426exv2.htm
<DESCRIPTION>EX-2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARRANGEMENT AGREEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Between</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>TECK COMINCO LIMITED</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">-<B>and-</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>FORDING CANADIAN COAL TRUST</B>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Dated July&nbsp;29, 2008</B>
</DIV>

</DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>TABLE OF CONTENTS</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="bottom" style="font-size:8pt">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><b>PAGE</b></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 1 DEFINITIONS AND BREAKOUT PRINCIPLES OF INTERPRETATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.1 Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.2 Certain Rules of Interpretation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.3 Accounting Matters</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.4 Knowledge</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.5 Entire Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.6 Material</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.7 Disclosure in Writing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.8 Schedules</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 2 THE ARRANGEMENT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.1 Interim Order</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.2 Final Order</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.3 Plan of Arrangement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.4 Articles of Arrangement and Effective Date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.5 Fording Approval</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.6 Withholding Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF FORDING</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.1 Representations and Warranties of Fording</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.2 Survival of Representations and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.3 Disclaimer of Additional Representations and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PURCHASER</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.1 Representations and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.2 Survival of Representations and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.3 Disclaimer of Additional Representations and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 5 COVENANTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.1 Press Releases; Filings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.2 Covenants of Fording</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.3 Further Covenants of Fording</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.4 General Covenants and Acknowledgments of Purchaser</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.5 Covenants Regarding Non-Solicitation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.6 Notice by Fording of Superior Proposal Determination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.7 Access to Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.8 Trustees&#146; Directors&#146; and Officers&#146; Indemnification</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.9 Winding-Up of Fording</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.10 Indemnification Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.11 Pre-Arrangement Wind-Up of Fording LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.12 Treatment of Fording Officers following the Effective Time</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.13 Merger of Covenants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 6 CONDITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.1 Mutual Conditions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.2 Fording Conditions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 2 -<!-- /Folio -->
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size:8pt">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><b>PAGE</b></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.3 Purchaser Conditions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.4 Notice and Cure Provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.5 Merger of Conditions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.6 Confirmation of Transaction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 7 AMENDMENT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.1 Amendment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 8 TERMINATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.1 Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.2 Break Fee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.3 Nature of Break Fee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.4 Effect of Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.5 Payment of Transaction Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 9 GENERAL</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.1 Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.2 Remedies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.3 Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.4 Further Assurances</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.5 Governing Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.6 Execution in Counterparts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.7 Waiver</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.8 Enurement and Assignment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.9 Liability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SCHEDULE &#147;A&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">A-1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SCHEDULE &#147;B&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">B-1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SCHEDULE &#147;C&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">C-1</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARRANGEMENT AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>THIS ARRANGEMENT AGREEMENT </B>is made the 29<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of July, 2008.

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BETWEEN:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"><B>TECK COMINCO LIMITED</B>,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">a corporation existing under the laws of Canada (&#147;<B>Purchaser</B>&#148;),
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">- and &#150;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"><B>FORDING CANADIAN COAL TRUST,</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">a trust existing under the laws of the Province of Alberta (&#147;<B>Fording</B>&#148;),
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(Purchaser and Fording are collectively referred to herein as the &#147;<B>Parties</B>&#148; and each of them is a
&#147;<B>Party</B>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RECITALS:</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties wish to propose an arrangement involving the Parties, certain subsidiaries or
other affiliates of each of the Parties and certain securityholders of Fording.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties intend to carry out the transactions contemplated herein by way of an arrangement
under the provisions of the <I>Business Corporations Act </I>(Alberta).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">C.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In furtherance of the foregoing, the Parties have entered into this Agreement to provide for
the matters referred to in the foregoing recitals and for other matters relating to the
above-noted arrangement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NOW THEREFORE </B>the Parties agree as follows:

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 1<BR>
DEFINITIONS AND BREAKOUT PRINCIPLES OF INTERPRETATION</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Definitions</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In this Agreement, unless there is something in the subject matter or context inconsistent
therewith, the following terms shall have the following meanings, respectively:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Acquired Assets</B>&#148; means:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a 100% interest in the Royalty;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the limited partnership interests in Fording LP held by Fording;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the issued and outstanding equity securities of Fording ULC;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 2 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the issued and outstanding equity securities of the Legacy Subsidiaries
held by Fording at the Effective Time; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the other assets of Fording following the completion of the steps
comprising the Plan of Arrangement, other than its rights under this Agreement;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Acquiror</B>&#148; means a corporation to be incorporated under the laws of the Province of Alberta
as a direct wholly owned subsidiary of Fording for purposes of participating in the
Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Acquisition Proposal</B>&#148; means any offer, proposal or inquiry, whether or not in writing and
whether or not delivered to Unitholders, from any person or group of persons including any
of such person&#146;s officers, directors or employees, after the date hereof relating to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a securities exchange, merger, amalgamation, consolidation, recapitalization,
arrangement, reorganization, business combination, liquidation, dissolution or other
similar transaction involving Fording or any of the Fording Subsidiaries,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any acquisition or purchase (or any lease, long-term supply agreement,
assignment or other arrangement or transaction having a similar economic effect as a
sale), direct or indirect, in a single transaction or series of related transactions,
of assets representing 20% or more of the consolidated assets or contributing 20% or
more of the consolidated revenue or net income of Fording and the Fording Subsidiaries,
or any of the voting or equity securities of Fording or any of the Fording Subsidiaries
(or rights or interests therein or thereto), or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any take-over bid, tender offer or exchange offer that, if consummated, would
result in such person or group of persons beneficially owning 20% or more of any class
of voting or equity securities of Fording or any of the Fording Subsidiaries,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>or similar transactions, or series of transactions, involving Fording or any of the Fording
Subsidiaries, or a proposal or public announcement of an intention to do any of (a), (b)&nbsp;or
(c), or a public announcement of an intention to effect a similar transaction or series of
transactions, in each case excluding the Arrangement and the transactions expressly
contemplated by this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Act</B>&#148; means the <I>Securities Act </I>(Alberta);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>affiliate</B>&#148; and &#147;<B>associate</B>&#148; have the respective meanings ascribed to them under the Act,
except that for greater certainty the Partnership shall not, for purposes of this Agreement,
be considered to be an affiliate of Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Agreement</B>&#148; means this Arrangement Agreement, including all schedules annexed hereto, as the
same may be amended, supplemented, restated or otherwise modified from time to time in
accordance with the terms hereof and references to &#147;Article&#148; or &#147;Section&#148; mean the specified
Article or Section of this Agreement;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 3 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Announced Acquisition Proposal</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.6(a)(ii);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Arrangement</B>&#148; means the arrangement involving Purchaser, Acquiror, Fording, Fording ULC,
certain subsidiaries or other affiliates of Fording and Purchaser and the Securityholders,
under the provisions of Section&nbsp;193 of the Corporate Statute, on the terms and subject to
the conditions set forth herein and in the Plan of Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Arrangement Resolution</B>&#148; means the resolution approving the Plan of Arrangement to be
considered by the Securityholders at the Fording Meeting, which shall be in form and content
satisfactory to Fording and Purchaser, each acting reasonably;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Articles of Arrangement</B>&#148; means the articles of arrangement of Acquiror in respect of the
Arrangement that are required by the Corporate Statute to be sent to the Registrar after the
Final Order is made, following completion of the Pre-Closing Period, in order to give effect
to the Arrangement, which shall be in form and content satisfactory to Fording and
Purchaser, each acting reasonably;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Benefit Plans</B>&#148; means plans, arrangements, agreements, programs, policies, practices or
undertakings, whether oral or written, formal or informal, funded or unfunded, insured or
uninsured, registered or unregistered to which Fording or any of the Fording Subsidiaries is
a party or bound by or in which eligible Fording Trustees, Fording Directors, Employees or
directors or officers of the Fording Subsidiaries or any former directors, officers or
employees of Fording or the Fording Subsidiaries, participate (in their capacity as such
directors, trustees, officers or employees) or under which Fording, or any of the Fording
Subsidiaries, has, or will have, any liability or contingent liability, pursuant to which
payments are made, or benefits are provided to, or an entitlement to payments or benefits
may arise with respect to any eligible persons, excluding Statutory Plans;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Break Fee</B>&#148; has the meaning ascribed thereto in Section&nbsp;8.2;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>business day</B>&#148; means any day on which commercial deposit taking banks are generally open for
ordinary banking business in Calgary, Alberta, Vancouver, British Columbia, Toronto, Ontario
and New York, New York, excepting Saturdays, Sundays or a day generally observed as a
holiday in any such location under applicable Laws;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Canadian GAAP</B>&#148; means generally accepted accounting principles as defined by the Accounting
Standards Board of the Canadian Institute of Chartered Accountants in the Handbook of the
Canadian Institute of Chartered Accountants at the relevant time applied on a consistent
basis;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Canadian Securities Laws</B>&#148; means all applicable securities laws in each of the provinces and
territories in Canada, and the respective rules, regulations, instruments, blanket orders
and blanket rulings under such laws together with applicable published policies, policy
statements and notices, including the rules, policies and regulations of the TSX;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 4 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Cash Consideration</B>&#148; means, in respect of each whole Unit, the amount of U.S.$79.00 in cash;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Change in Recommendation&#148; </B>has the meaning ascribed thereto in Section&nbsp;8.1(c)(ii);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Charter and Contractual Indemnification Rights</B>&#148; has the meaning ascribed to it in Section
5.8(a);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Claims&#148; </B>means claims, demands, complaints, actions, applications, suits, causes of action,
assessments or reassessments, judgments, debts, liabilities, penalties, fines, expenses,
costs, damages or losses, including reasonable fees and disbursements of legal counsel on a
full indemnity basis, and all reasonable costs incurred in investigating or pursuing any of
the foregoing or any proceeding relating to any of the foregoing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Closing Regulatory Approvals</B>&#148; means the Competition Act Approval, HSR Approval and those
approvals identified in Schedule &#147;B&#148; that counsel for Purchaser and counsel for Fording
reasonably agree are legally required to complete the Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Competition Act Approval</B>&#148; means:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Commissioner of Competition (the &#147;<B>Commissioner</B>&#148;) appointed under the
<I>Competition Act </I>(Canada) (the &#147;<B>Competition Act</B>&#148;) shall have issued an advance ruling
certificate under Section&nbsp;102 of the Competition Act in connection with the
Transaction; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the waiting period under Section&nbsp;123 of the Competition Act shall have expired
or shall have been terminated or the obligation to make a Competition Act Part&nbsp;IX
pre-closing merger filing shall have been waived by the Commissioner pursuant to
Section 113(c) of the Competition Act and the Commissioner shall have advised Purchaser
in writing that she is of the view that grounds do not exist to file an application
pursuant to the merger provisions of the Competition Act in connection with the
Transaction;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Confidentiality Agreement</B>&#148; means the confidentiality agreement between Purchaser and
Fording dated July&nbsp;29, 2008 regarding, among other things, the disclosure of confidential
information with respect to Fording and the Fording Subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Continuing Entity</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.8(a);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Contract</B>&#148; means any contract, agreement, license, franchise, lease, arrangement,
commitment, understanding, joint venture or other right or obligation (written or oral) to
which Fording or any of the Fording Subsidiaries is a party or by which Fording or any of
the Fording Subsidiaries is bound or affected or to which any of the Acquired Assets is
subject;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Corporate Statute</B>&#148; means the <I>Business Corporations Act </I>(Alberta);</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 5 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Corporate Trustee</B>&#148; means the entity appointed by Purchaser to act as sole trustee of
Fording following the resignation of the Fording Trustees pursuant to the Plan of
Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Court</B>&#148; means the Court of Queen&#146;s Bench of Alberta;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Debt Commitment Letter</B>&#148; has the meaning ascribed thereto in Section&nbsp;4.1(o);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Debt Financing</B>&#148; has the meaning ascribed thereto in Section&nbsp;4.1(o);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Declaration of Trust</B>&#148; means the declaration of trust of Fording dated February&nbsp;26,&nbsp;2003, by
which Fording was created, as amended and restated on August&nbsp;24, 2005 and as further amended
on March&nbsp;1, 2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Dissent Rights</B>&#148; means the rights of dissent exercisable by Unitholders in respect of the
Arrangement provided for in Article&nbsp;4 of the Plan of Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>EDGAR</B>&#148; means the Electronic Data Gathering, Analysis and Retrieval system maintained by the
SEC;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Effective Date</B>&#148; means the date on which the Arrangement becomes effective pursuant to the
Corporate Statute;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Effective Time</B>&#148; means the first moment in time in Calgary, Alberta on the Effective Date,
or such other moment in time in Calgary, Alberta on the Effective Date as Purchaser and
Fording, each acting reasonably, may agree in writing prior to the Effective Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Employees</B>&#148; means individuals employed by Fording or any of the Fording Subsidiaries on a
full-time, part-time or temporary basis, including those employees on disability leave,
parental leave or other absence as of the Effective Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Environmental Laws</B>&#148; means all applicable statutes, regulations, ordinances, by-laws and
codes and all international treaties and agreements (whether federal, provincial, state or
municipal) relating to pollution or the protection and preservation of the environment,
occupational health and safety, product safety, product liability or Hazardous Substances,
including laws relating to Releases or threatened Releases of Hazardous Substances into the
indoor or outdoor environment (including ambient air, surface water, groundwater, land,
surface and subsurface strata) or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, Release, transport or handling of Hazardous
Substances and all laws and regulations with regard to recordkeeping, notification,
disclosure and reporting requirements respecting Hazardous Substances, and all laws relating
to endangered or threatened species of fish, wildlife and plants and the management or use
of natural resources;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Exchange Act</B>&#148; means the United States Securities Exchange Act of 1934, as amended;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 6 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Exchange Option Plan</B>&#148; means the Fording Exchange Option Plan adopted on February&nbsp;28, 2003;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Exchange Options</B>&#148; means options to purchase Units issued under the Exchange Option Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>EVCP Partnership Agreement</B>&#148; means the 2006 Amended and Restated Partnership Agreement of
Elk Valley Coal Partnership as amended and restated on February&nbsp;27, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fairness Opinion</B>&#148; means the fairness opinion of RBC to the Fording Trustees and the Fording
Directors to the effect that as of the date of this Agreement, based upon and subject to the
matters set out therein, the Unit Consideration is fair, from a financial point of view, to
the Unitholders (other than Purchaser and its affiliates or any other persons over which
Purchaser or its affiliates exercise control or direction);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Final Order</B>&#148; means the final order of the Court in a form acceptable to Fording and
Purchaser, acting reasonably, approving the Arrangement, as such order may be amended at any
time prior to the Effective Date with the consent of both Fording and Purchaser, each acting
reasonably;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Fording Credit Agreement&#148; </B>means the Amended and Restated Credit Agreement dated August&nbsp;24,
2005 between Fording and the Partnership as borrowers and Royal Bank of Canada, The Bank of
Nova Scotia, Canadian Imperial Bank of Commerce, BNP Paribas (Canada), HSBC Bank Canada,
WESTLB AG, Toronto Branch, Alberta Treasury Branches, Mizuho Corporate Bank (Canada), The
Toronto Dominion Bank, Canadian Western Bank, JP Morgan Chase Bank, N.A., Toronto Branch and
National Bank of Canada as lenders with Royal Bank of Canada as agent, as amended by the
First Amending Agreement dated February&nbsp;10, 2006, the Second Amending Agreement dated
February&nbsp;11, 2007 and the Third Amending Agreement dated May&nbsp;30, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Directors</B>&#148; means the members of the Board of Directors of Fording ULC from time to
time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Disclosure Letter</B>&#148; means the disclosure letter dated the date hereof regarding this
Agreement that has been provided by Fording to Purchaser prior to the execution of this
Agreement by Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording DRIP</B>&#148; means the Premium Distribution<SUP style="font-size: 85%; vertical-align: text-top">TM</SUP> and Distribution Reinvestment
Plan of Fording which provides eligible Unitholders with the opportunity to reinvest the
cash distributions payable by Fording towards the purchase of new Units;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Financial Statements</B>&#148; means:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the audited consolidated balance sheets of Fording as at December&nbsp;31, 2007 and
December&nbsp;31, 2006, and the consolidated statements of income and comprehensive income,
accumulated earnings and cash flows for the twelve</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 7 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>month periods ended December&nbsp;31, 2007 and 2006 and the notes thereto and auditor&#146;s
report thereon; and</TD>
</TR>
<tr>
<TD style="font-size:6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the consolidated balance sheets of Fording as of June&nbsp;30, 2008 and December&nbsp;31,
2007 and the consolidated statements of income and comprehensive income, accumulated
earnings and cash flows for the three and six month periods ended June&nbsp;30, 2008 and
2007 and the notes thereto;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Indemnified Parties</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.10(a);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Indemnified Persons</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.8(a);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording LP</B>&#148; means Fording Limited Partnership, a limited partnership formed under the laws
of the Province of Alberta;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording LP Agreement Amendments</B>&#148; has the meaning set out in the Plan of Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Meeting</B>&#148; means the special meeting of Securityholders to be called and held in
accordance with the Interim Order for the purpose of considering the Arrangement Resolution
and any adjournments or postponements thereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Parties</B>&#148; means Fording and the Fording Subsidiaries, and &#147;<B>Fording Party</B>&#148; means any
one of them;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Public Documents</B>&#148; has the meaning ascribed thereto in Section&nbsp;3.1(t);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Regulatory Approvals</B>&#148; means those consents, waivers, approvals, permits, orders or
authorizations of, or declarations or filings with, a Governmental Entity to be obtained or
made by Fording in connection with the Arrangement and the other elements of the Transaction
that are set out or referenced in Section&nbsp;3.1(h);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Representatives</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.5(a);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Subsidiaries</B>&#148; means, collectively, Fording LLC, Fording LP, Fording&nbsp;ULC and, upon
its incorporation, Acquiror, and &#147;<B>Fording Subsidiary</B>&#148; means any one of them;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording Trustees</B>&#148; means the trustees of Fording from time to time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Fording ULC</B>&#148; means Fording (GP)&nbsp;ULC, an unlimited liability company organized under the
<I>Companies Act </I>(Nova Scotia) and the general partner of Fording LP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>FX Hedge</B>&#148; means the assets or liabilities in respect of the foreign exchange hedge that has
been disclosed in writing by Fording;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Governance Agreement</B>&#148; means the amended and restated governance agreement dated August&nbsp;24,
2005 between, <I>inter alia, </I>Fording and Purchaser;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 8 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Governmental Entity&#148; </B>means any:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>multinational, federal, provincial, state, regional, municipal, local or other
government, governmental or public department, central bank, court, tribunal, arbitral
body, commission, board, bureau or agency, domestic or foreign,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Securities Authorities, self-regulatory organization or stock exchange
including the NYSE and the TSX, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any subdivision, agent, commission, board, or authority of any of the
foregoing, or any quasi-governmental or private body exercising any regulatory, or
expropriation or taxing authority under or for the account of any of the foregoing;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Hazardous Substance&#148; </B>means any pollutant, contaminant, waste of any nature, hazardous
substance, hazardous material, toxic substance, dangerous substance or dangerous good as
defined, judicially interpreted or identified in any Environmental Law, including any
petroleum product or by-product, solvent, flammable or explosive material, radioactive
material, asbestos, lead paint, polychlorinated biphenyls (or PCBs), dioxins, dibenzofurons,
heavy metals, radon gas, mould spores or mycotoxins;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>HSR Approval</B>&#148; means the waiting period applicable to the completion of the Transaction
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, shall have
expired or been terminated, and no Governmental Entity shall have applied or threatened to
apply for an injunction or other order under the antitrust laws of the United States or any
state thereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Identified Officers</B>&#148; means each of Messrs, Payne, Brown, Gow, Jones and Clements being
those officers of Fording and Fording ULC that are also officers or employees of the
Partnership and representing all of the officers of Fording and Fording ULC, other than its
Chairman and Chief Executive Officer;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Independent Committees</B>&#148; means, collectively, the Independent Committee of the Fording
Trustees and the Independent Committee of the Fording Directors formed for the purposes of
considering Fording&#146;s strategic options;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Independent Valuation</B>&#148; means a formal valuation undertaken in accordance with Part&nbsp;6 of MI
61-101;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Independent Valuator</B>&#148; means National Bank Financial Inc. which has been appointed by the
Independent Committees for the purposes of performing an Independent Valuation in connection
with the Transaction under the supervision of the Independent Committees;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Intellectual Property</B>&#148; has the meaning ascribed thereto in Section&nbsp;3.1(u);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Interim Order</B>&#148; means the interim order of the Court contemplated by Section&nbsp;2.1 of this
Agreement in a form acceptable to Fording and Purchaser, each acting reasonably, containing
declarations and directions in respect of the Arrangement and the Fording
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 9 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meeting, as the same may be amended by the Court with the consent of Fording and Purchaser,
each acting reasonably;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Joint Phantom Unit Plan</B>&#148; means the joint phantom unit plan of Fording and Fording ULC
adopted effective June&nbsp;16, 2003, as amended and restated as of January&nbsp;1, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Laws&#148; </B>means all laws, by-laws, rules, regulations, orders, rulings, ordinances, protocols,
codes, guidelines, notices, directions and judgments of any Governmental Entity, including
applicable corporate and securities laws and the rules and regulations of the TSX and the
NYSE;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Legacy Subsidiaries&#148; </B>means collectively, 627066 Alberta Ltd., Ardley Coal Limited, Fording
Coal Limited, Beachpoint Holdings Ltd., 1237207 Alberta ULC, Bitumen Resources Inc. and
Fording Amalco Inc.;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Lenders</B>&#148; has the meaning ascribed thereto in Section&nbsp;4.1(o);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Managing Partner</B>&#148; means Teck Cominco Coal Partnership, in its capacity as managing partner
of the Partnership;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Matching Period</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.6(a)(i)(D);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>material adverse change</B>&#148; or &#147;<B>material adverse effect</B>&#148; means any change, effect, event,
occurrence, circumstance or state of facts that, individually or in the aggregate, is, or
could reasonably be expected to be, material and adverse to the Acquired Assets taken as a
whole or to the business, operations or financial condition, assets or liabilities
(contingent or otherwise) of Fording taken as a whole, or that would prevent or materially
impede or delay the completion of the Arrangement and the other elements of the Transaction,
other than any change, effect, event, occurrence, circumstance or state of facts relating to
or resulting from:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the metallurgical coal mining industry as a whole (provided that such change,
effect, event, occurrence, circumstance or state of facts does not have a materially
disproportionate effect on Fording relative to other comparable companies and entities
operating in the metallurgical coal mining industry);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>general economic, financial, currency exchange, securities or commodity market
conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any act of terrorism or outbreak or escalation of hostilities or armed
conflict;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any change in the market price of metallurgical coal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any change in the market price of the Units (it being understood that without
limiting the applicability of clauses (a)&nbsp;to (k), the cause or causes of any such
change in the market price of the Units may constitute, in and of itself, a material
adverse change or material adverse effect and may be taken into account in</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 10 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>determining whether a material adverse change or material adverse effect has
occurred);</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(i)&nbsp;any action initiated by or at the direction of the Managing Partner or any
affiliate of the Managing Partner; (ii)&nbsp;the negligence or wilful misconduct of the
Managing Partner or any affiliate of the Managing Partner; or (iii)&nbsp;the failure by the
Managing Partner or any affiliate of the Managing Partner to take any action that it is
required to take pursuant to the EVCP Partnership Agreement or any agreement related to
the operation or governance of the Partnership;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any change in Laws, rules or regulations, or the interpretation or
administration thereof, by any Governmental Entities or any changes in Canadian GAAP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shortages or price changes on a current or forward basis with respect to raw
materials, fuel, explosives, spares, transportation or other products or services used
or sold by the Acquired Assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failure to meet any internal or public projections, forecasts or estimates
of revenues or earnings (it being understood that without limiting the applicability of
clauses (a)&nbsp;to (k), the cause or causes of any such failure may constitute, in and of
itself, a material adverse change or material adverse effect and may be taken into
account in determining whether a material adverse change or material adverse effect has
occurred);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any action expressly contemplated by this Agreement or any action taken by
Fording with the prior written consent of Purchaser; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the public announcement of the Transaction or the completion thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any determination as to material adverse effect or material adverse change shall be made
only after taking into account all insurance coverage and rights of indemnification relating
to such material adverse effect or material adverse change;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Material Contract</B>&#148; means any Contract that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if terminated would reasonably be expected to have a material adverse effect or
cause a material adverse change; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provides for obligations of or entitlements to Fording or any Fording
Subsidiary, or which has an economic value to Fording or any Fording Subsidiary, in
excess of either $25&nbsp;million per annum or $50&nbsp;million in total; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>contains any non-competition obligations or otherwise restricts in any material
way the business of Fording or any of the Fording Subsidiaries or that includes any
exclusive dealing arrangement or any other arrangement that grants any right of first
refusal or right of first offer or similar right or that limits or purports to limit in
any respect the ability of the owner of the Acquired Assets to own,</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 11 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>operate, sell, transfer, pledge or otherwise dispose of any material assets or
business; or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>relates to indebtedness in excess of $25&nbsp;million or relates to the direct or
indirect guarantee or assumption by Fording or any of the Fording Subsidiaries
(contingent or otherwise) of any payment or performance obligations of any other person
in excess of $25&nbsp;million;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>material fact</B>&#148; means a fact that would reasonably be expected to have a significant effect
on the market price or value of the Units;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Material Purchaser Entities</B>&#148; means the entities identified as such on Schedule &#147;F&#148; attached
hereto, and <B>&#147;Material Purchaser Entity&#148; </B>means any one of them;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>MI 61-101</B>&#148; means Multilateral Instrument 61-101 &#151; Protection of Minority Security Holders
in Special Transactions of the Canadian Securities Administrators;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Minority Approval of the Unitholders&#148; </B>means the approval of the Arrangement Resolution by a
majority of the votes attached to Units held by Unitholders present in person or represented
by proxy at the Fording Meeting excluding for this purpose votes attached to Units held by
persons described in items (a)&nbsp;through (d)&nbsp;of section 8.1(2) of MI 61-101;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>misrepresentation</B>&#148; means</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an untrue statement of a material fact, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an omission to state a material fact that is required to be stated, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an omission to state a material fact that is necessary to be stated in order
for a statement not to be misleading;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>New Amended and Restated Declaration of Trust</B>&#148; has the meaning set out in the Plan of
Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>NYSE</B>&#148; means the New York Stock Exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Parties</B>&#148; and &#147;<B>Party</B>&#148; have the respective meanings ascribed thereto in the Pre-Amble to this
Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Partnership</B>&#148; means the Elk Valley Coal Partnership, a general partnership established under
the laws of the Province of Alberta;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>person</B>&#148; includes any individual, sole proprietorship, partnership, firm, entity,
unincorporated association, unincorporated syndicate, unincorporated organization, trust,
body corporate or Governmental Entity, and where the context requires any of the foregoing
when they are acting as trustee, executor, administrator or other legal representative;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 12 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Permitted Encumbrances</B>&#148; means:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>applicable municipal by-laws, development agreements, subdivision agreements,
site plan agreements, other agreements, building and other restrictions, easements,
servitudes, rights of way and licences that do not materially and adversely affect the
use or value of the assets affected thereby;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>defects or irregularities in title to any interest in real property which are
of a minor nature and do not materially and adversely affect the use or value of the
real property affected thereby;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>inchoate statutory liens for Taxes, assessments, governmental or utility
charges or levies not due as at the Transaction Confirmation Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights of equipment lessors under equipment contracts, leases or similar
arrangements provided the terms of such contracts, leases and other arrangements have
been performed in all material respects prior to the Transaction Confirmation Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any privilege in favour of any lessor, licensor or permitter for rent to become
due or for other obligations or acts, the performance of which is required under any
contract, agreement or arrangement to which Fording or any Fording Subsidiary is a
party so long as the payment of or the performance of such other obligation or act is
not delinquent and provided that such liens or privileges do not materially and
adversely affect the use or value of the assets affected thereby; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any lien, encumbrance, right, guarantee, indemnity, security interest, charge
or other restriction granted by Fording or any of the Fording Subsidiaries in
connection with the Fording Credit Agreement or FX Hedge;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Personal Information</B>&#148; means information in the possession or under the control of Fording
or any Fording Subsidiary about an identifiable individual;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Phantom Unit&#148; </B>means a notional unit equivalent in value to a Unit at the time of grant,
credited by means of a bookkeeping entry to the Phantom Unit Account of a participant in the
Joint Phantom Unit Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Phantom Unit Account&#148; </B>means the account maintained by Fording for each participant in the
Joint Phantom Unit Plan to which any Phantom Units (including Phantom Units reflecting
Distribution Equivalents (as such term is defined in the Joint Phantom Unit Plan)) awarded
to the participant under the Joint Phantom Unit Plan are credited;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Plan of Arrangement</B>&#148; means the plan of arrangement that is being proposed by Acquiror
substantially in the form and content of Schedule &#147;A&#148; annexed hereto and any amendment or
variation thereto made in accordance with Section&nbsp;6.1 of the Plan of Arrangement or upon the
direction of the Court in the Final Order with the consent of Fording and Purchaser, each
acting reasonably;</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">- 13 -
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Pre-Closing Period</B>&#148; means the period of twenty (20)&nbsp;Trading Days commencing on the
opening of trading on the first Trading Day following the Transaction Confirmation Date and
ending at the close of trading on the twentieth (20th) Trading Day;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Proposed Agreement</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.6(a)(i);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Proxy Circular</B>&#148; means the management information circular to be prepared by Fording for the
Fording Meeting in accordance with Section&nbsp;5.2(a)(v);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Publicly Disclosed by Fording</B>&#148; means information disclosed by Fording in a public filing
made on or prior to July&nbsp;24, 2008 that is accessible to the public on SEDAR or EDGAR;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Publicly Disclosed by Purchaser</B>&#148; means information disclosed by Purchaser in a public
filing made on or prior to July&nbsp;24, 2008 that is accessible to the public on SEDAR or EDGAR;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Purchaser Financial Statements&#148; </B>means:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the audited consolidated balance sheets of Purchaser as at December&nbsp;31, 2007
and December&nbsp;31, 2006, and the consolidated statements of&nbsp;earnings, comprehensive
income,&nbsp;retained earnings and cash flows for the twelve month periods ended December
31, 2007 and 2006 and the notes thereto and auditor&#146;s report thereon; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the consolidated balance sheet of Purchaser as at June&nbsp;30, 2008 and December
31, 2007 and the consolidated statements of earnings, comprehensive income,&nbsp;retained
earnings and cash flows&nbsp;for the three and six month periods ended June&nbsp;30, 2008 and
2007 and the notes thereto;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Purchaser Material Adverse Effect</B>&#148; means any change, effect, event, occurrence,
circumstance or state of facts that, individually or in the aggregate, is, or could
reasonably be expected to be, material and adverse to the business, operations or financial
condition, assets or liabilities (contingent or otherwise) of Purchaser on a consolidated
basis or that would prevent or materially impede or delay the completion of the Arrangement
and the other elements of the Transaction, other than any change, effect, event, occurrence,
circumstance or state of facts relating to or resulting from:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the mineral resource industry as a whole provided that such change, effect,
event, occurrence, circumstance or state of facts does not have a materially
disproportionate effect on Purchaser relative to other comparable companies and
entities operating in the mining industry;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>general economic, financial, currency exchange, securities or commodity market
conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any act of terrorism or outbreak or escalation of hostilities or armed
conflict;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 14 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any change in the market price of base metals, specialty metals, metallurgical
coal or gold or Purchaser Shares (it being understood that without limiting the
applicability of clauses (a)&nbsp;to (i), the cause or causes underlying any such change in
the market price of the Purchaser Shares may constitute a Purchaser Material Adverse
Effect and may be taken into account in determining whether a Purchaser Material
Adverse Effect has occurred);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any change in Laws, rules or regulations, or the interpretation or
administration thereof, by any Governmental Entities or any changes in Canadian GAAP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shortages or price changes on a current or forward basis with respect to raw
materials, fuel, explosives, spares, transportation or other products or services used
or sold by Purchaser, its subsidiaries or its joint venture interests;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failure to meet any internal or public projections, forecasts or estimates
of revenues or earnings (it being understood that without limiting the applicability of
clauses (a)&nbsp;to (i), the cause or causes underlying such failure may constitute a
Purchaser Material Adverse Effect and may be taken into account in determining whether
a Purchaser Material Adverse Effect has occurred);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any action expressly contemplated by this Agreement or any action taken by
Purchaser with the prior written consent of Fording; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the public announcement of the Transaction or the completion thereof.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Any determination as to Purchaser Material Adverse Effect shall be made only after taking
into account all insurance coverage and rights of indemnification relating to such Purchaser
Material Adverse Effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Purchaser Public Documents&#148; </B>has the meaning ascribed thereto in Section&nbsp;4.1(j);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Purchaser Regulatory Approvals</B>&#148; means those consents, waivers, approvals, permits, orders
or authorizations of, or declarations or filings with, a Governmental Entity to be obtained
or made by Purchaser in connection with the Arrangement and the other elements of the
Transaction that are set out or referenced in Section&nbsp;4.1(e);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Purchaser Representatives</B>&#148; has the meaning ascribed thereto in Section&nbsp;5.7(a);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Purchaser Shares&#148; </B>means the Class&nbsp;B subordinate voting shares in the capital of Purchaser;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Purchaser Third Party Consents</B>&#148; means all consents, approvals and waivers that are required
under, or that are necessary to ensure that, the Transaction, or the completion thereof,
does not result in a violation or breach of, or give rise to any loss of benefit to which
Purchaser or any of its subsidiaries is entitled under any contract, agreement, licence,
franchise or permit to which Purchaser or any of its subsidiaries is bound or is subject to
or is the beneficiary of, other than the Regulatory Approvals;
</DIV>
</DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 15 -<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>RBC</B>&#148; means RBC Capital Markets in its capacity as financial advisor to Fording;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Registrar&#148; </B>has the meaning ascribed thereto in the Corporate Statute;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Regulatory Approvals</B>&#148; means, collectively, the Fording Regulatory Approvals and the
Purchaser Regulatory Approvals;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Release&#148; </B>means any release, spill, emission, discharge, leaking, pumping, dumping, escape,
injection, deposit, disposal, dispersal, leaching or migration into the indoor or outdoor
environment (including, without limitation, ambient air, surface water, groundwater, and
surface or subsurface strata) or into or out of any property, including the movement of
Hazardous Substances through or in the air, soil, surface water, groundwater or property;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Requisite Level of Approval</B>&#148; has the meaning ascribed thereto in Section&nbsp;2.1(d);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Residual Liabilities</B>&#148; means all of the liabilities and other obligations of Fording
existing after completion of the steps comprising the Plan of Arrangement, including all
unpaid Transaction Expenses;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Royalty</B>&#148; means the net profits interest computed by reference to 96% of the net production
from the mines owned by the Partnership and by Elkview Mine Limited Partnership and other
cash flows generated within Fording LP created by Fording LP and granted to Fording by
Fording LP pursuant to the terms of the Royalty Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Royalty Agreement</B>&#148; means the royalty agreement entered into between Fording and Fording LP
dated December&nbsp;31, 2006 which governs the Royalty;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Royalty Agreement Amendments</B>&#148; has the meaning set out in the Plan of Arrangement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Sarbanes-Oxley Act</B>&#148; means the United States Sarbanes-Oxley Act of 2002 and the rules and
regulations promulgated under such Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Schedule&nbsp;13E-3</B>&#148; means the Rule&nbsp;13e-3 transaction statement on Schedule&nbsp;13E-3 under the
Exchange Act to be filed by Fording and Purchaser in connection with the Transaction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>SEC</B>&#148; means the United States Securities and Exchange Commission, and includes any successor
thereto;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>SEDAR</B>&#148; means the System for Electronic Document Analysis and Retrieval maintained by the
Canadian Securities Administrators;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Securities Authorities</B>&#148; means the securities commission or similar regulatory authority in
each of the provinces and territories of Canada and in the various states of the United
States of America that are entitled to exercise jurisdiction over Fording or Purchaser, as
applicable, and includes the SEC;
</DIV>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 16 -<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Securityholder Consideration</B>&#148; means the aggregate consideration payable to the
Securityholders pursuant to the Plan of Arrangement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Securityholders</B>&#148; means, collectively the Unitholders and the registered holders of Exchange
Options and Phantom Units;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Share Consideration</B>&#148; means, in respect of each whole Unit, 0.245 Purchaser Shares;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;SIFT Proposals&#148; </B>has the meaning ascribed thereto in Section&nbsp;3.1(r)(ix);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Statutory Plans&#148; </B>means statutory benefit plans which Fording or any of the Fording
Subsidiaries may be required to participate in or comply with, including the Canada Pension
Plan and plans administered pursuant to applicable income tax and employment insurance
legislation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>subsidiary</B>&#148; has the meaning ascribed thereto in the Act, except that for greater certainty
the Partnership shall not, for purposes of this Agreement, be considered to be a subsidiary
of Purchaser;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Superior Proposal</B>&#148; means any written Acquisition Proposal made by a third party (other than
Purchaser or its affiliates) on an unsolicited basis after the date hereof and prior to
obtaining the Requisite Level of Approval:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to acquire all of the outstanding Units or all of the Acquired Assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that is reasonably capable of being completed, taking into account all
financial (including the financing required to complete such Acquisition Proposal),
legal, regulatory and other aspects of such proposal and the person making such
proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that is not subject to any due diligence condition which would allow access to
the books and records, personnel or properties of Fording beyond 5:00 p.m. (Calgary
time) on the fifth day after which access is first afforded to the third party making
the Acquisition Proposal (provided, however, that the foregoing shall not restrict the
ability of such third party to continue to review after such period information
provided to it by Fording during such five day period); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in respect of which the Fording Trustees determine in good faith (after receipt
of advice from their financial advisors with respect to (ii)&nbsp;below and their outside
legal counsel with respect to (i)&nbsp;below) that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>failure to recommend such Acquisition Proposal to Unitholders
would be inconsistent with their fiduciary duties, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such Acquisition Proposal, taking into account all of the terms
and conditions thereof, if consummated in accordance with its terms (but not
assuming away any risk of non-completion), would result in a transaction more
favourable to Unitholders from a financial point of view than the</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 17 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>transactions contemplated by this Agreement (including in each case after
taking into account any modifications to this Agreement proposed by
Purchaser as contemplated by Section&nbsp;5.6(b);</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Support Services</B>&#148; has the meaning ascribed there to in Section&nbsp;5.12;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Tax&#148; </B>and <B>&#147;Taxes&#148; </B>means, with respect to any entity, all income taxes (including any tax on
or based upon net income, gross income, income as specially defined, earnings, profits or
selected items of income, earnings or profits) and all capital taxes, gross receipts taxes,
environmental taxes, sales taxes, use taxes, <I>ad valorem </I>taxes, value added taxes, transfer
taxes, franchise taxes, licence taxes, withholding taxes, payroll taxes, premiums and
charges pursuant to any workplace safety and insurance legislation, employment taxes, Canada
or Quebec Pension Plan premiums, excise, severance, social security, workers&#146; compensation,
unemployment insurance or compensation, stamp taxes, occupation taxes, premium taxes,
property taxes, windfall profits taxes, alternative or add-on minimum taxes, goods and
services tax, harmonized sales tax, customs duties or other taxes, fees, imposts,
assessments or charges of any kind whatsoever, together with any interest and any penalties
or additional amounts imposed by any taxing authority (domestic or foreign) on such entity,
and any interest, penalties, additional taxes and additions to tax imposed with respect to
the foregoing;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Tax Act</B>&#148; means the <I>Income Tax Act </I>(Canada);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Tax Returns&#148; </B>means all returns, declarations, reports, information returns and statements
required to be filed with any taxing authority relating to Taxes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Teck Agreement</B>&#148; means the amended and restated agreement made as of January&nbsp;1, 2007 between
Fording and Purchaser;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Third Party Consents</B>&#148; means all consents, approvals and waivers that are required under, or
that are necessary to ensure that, the Transaction, or the completion thereof, does not
result in a violation or breach of, or give rise to any loss of benefit to which Fording or
any Fording Subsidiary is entitled to, or termination or rights of first offer or other
buy-sell rights in respect of the Acquired Assets under, any contract, agreement, licence,
franchise or permit to which Fording or any of the Fording Subsidiaries is bound or is
subject to or is the beneficiary of, other than the Regulatory Approvals;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Trading Day&#148; </B>means a business day on which the Units are listed and posted for trading on
both the NYSE and the TSX during which there are no material interruptions in trading;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Trailing D&#038;O Coverage</B>&#148; has the meaning ascribed to it in Section&nbsp;5.8(b) hereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Transaction</B>&#148; means, collectively, the Arrangement and the other transactions contemplated
herein and in the Plan of Arrangement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Transaction Confirmation Date</B>&#148; means the day on which each of Fording and Purchaser confirm
in writing, one to the other, that all of the conditions to closing
</DIV>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 18 -<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">specified in Section&nbsp;6.1, 6.2 and 6.3 have been satisfied or waived (as evidenced by the
delivery of the notices contemplated by Section&nbsp;6.6 hereof);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Transaction Expenses</B>&#148; means all costs, expenses and fees of Fording incurred prior to or
after the Effective Date in connection with, or incidental to, the Transaction, including:
(i)&nbsp;out-of-pocket expenses of the Fording Parties relating to the transactions contemplated
by this Agreement, including legal fees, accounting fees, financial advisory fees,
regulatory filing fees, stock exchange fees, all disbursements of advisors and printing and
mailing and meeting costs; and (ii)&nbsp;the Trailing D&#038;O Coverage;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>TSX</B>&#148; means the Toronto Stock Exchange;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>TUPP</B>&#148; means the Fording Inc. Employee Trust Unit Purchase Plan maintained by the Elk Valley
Coal Corporation, as amended and restated as at February&nbsp;28, 2003;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>&#147;Unit Consideration&#148; </B>means, in respect of each whole Unit, the sum of the Cash Consideration
and the Share Consideration;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Unitholder Rights Plan</B>&#148; means the Unitholder rights plan of Fording dated as of February
28, 2003, as amended and restated on May&nbsp;2, 2006, between Fording and Computershare Trust
Company of Canada, as rights agent;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Unitholders</B>&#148; means the registered holders of the issued and outstanding Units;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Units</B>&#148; means units of Fording;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>U.S. Securities Laws</B>&#148; means the federal and state securities legislation of the United
States including the rules, policies and regulations of the NYSE and all rules, regulations
and orders promulgated thereunder, as amended from time to time; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&#147;<B>Virtual Data Room</B>&#148; means the electronic data room established by Fording in connection with
the Transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.2 Certain Rules of Interpretation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In this Agreement:

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Consent</U> &#150; Whenever a provision of this Agreement requires an approval
or consent and such approval or consent is not delivered within the applicable time
limit, then, unless otherwise specified, the Party whose consent or approval is
required shall be conclusively deemed to have withheld its approval or consent.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Currency</U> &#150; Unless otherwise specified, all references to $ and to
dollars are to lawful currency of Canada, and all references to U.S.$ and U.S. dollars
are to lawful currency of the United States of America.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 19 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Headings</U> &#150; Headings of Articles and Sections are inserted for
convenience of reference only and shall not affect the construction or interpretation
of this Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Including</U> &#150; Where the word &#147;including&#148; or &#147;includes&#148; is used in this
Agreement, it means &#147;including (or includes) without limitation&#148;.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Strict Construction</U> &#150; The language used in this Agreement is the
language chosen by the Parties to express their mutual intent, and no rule of strict
construction shall be applied against any Party.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Number and Gender</U> &#150; Unless the context otherwise requires, words
importing the singular include the plural and vice versa and words importing gender
include all genders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Severability</U> &#150; If, in any jurisdiction, any provision of this Agreement
or its application to any Party or circumstance is restricted, prohibited or
unenforceable, such provision shall, as to such jurisdiction, be ineffective only to
the extent of such restriction, prohibition or unenforceability without invalidating
the remaining provisions of this Agreement and without affecting the validity or
enforceability of such provision in any other jurisdiction or without affecting its
application to the other Parties or circumstances.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Statutory References</U> &#150; A reference to a statute includes all rules and
regulations made pursuant to such statute and, unless otherwise specified, the
provisions of any statute or regulation or rule which amends, supplements or supersedes
any such statute or any such regulation or rule.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Time</U> &#150; Time is of the essence in the performance of the Parties&#146;
respective obligations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Time Periods</U> &#150; Unless otherwise specified, time periods within or
following which any payment is to be made or act is to be done shall be calculated by
excluding the day on which the period commences and including the day on which the
period ends and by extending the period to the next business day following if the last
day of the period is not a business day.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.3 Accounting Matters</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unless otherwise stated, all accounting terms used in this Agreement shall have the respective
meanings attributable thereto under Canadian GAAP and all determinations of an accounting nature
required to be made hereunder shall be made in a manner consistent with Canadian GAAP and past
practice for the applicable person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.4 Knowledge</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any reference to the knowledge of:
</DIV>

</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 20 -<!-- /Folio -->



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall mean, unless otherwise specified, to the knowledge of Fording&#146;s
senior officers, being Messrs.&nbsp;Grandin, Payne, Brown, Gow, Jones and Clements, after
reviewing relevant records and making reasonable inquiries regarding the relevant
matter; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser shall mean, unless otherwise specified, to the knowledge of the
following senior officers of Purchaser, being Messrs.&nbsp;Horswill, Manuel, Millos, Rozee,
Vance and Mackwood.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.5 Entire Agreement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Agreement and the Confidentiality Agreement constitutes the entire agreement between the
Parties with respect to the subject matter hereof and thereof and cancel and supersede all such
prior agreements, understandings, negotiations and discussions, whether oral or written, between
the Parties. There are no conditions, covenants, agreements, representations, warranties or other
provisions, whether oral or written, express or implied, collateral, statutory or otherwise,
relating to the subject matter hereof other than those contained in this Agreement and the
Confidentiality Agreement. For greater certainty, except as expressly contemplated herein, or in
the Confidentiality Agreement, neither this Agreement nor the Confidentiality Agreement is intended
to modify the respective rights and obligations of the Parties and, to the extent applicable, their
respective affiliates, under any of the Teck Agreement, the EVCP Partnership Agreement, the
Governance Agreement, and the services agreements referenced in Section&nbsp;5.12 hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.6 Material</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The terms &#147;material&#148; and &#147;materially&#148; shall, when used in this Agreement, be construed, measured or
assessed on the basis of whether the matter would materially affect, in the case of Purchaser,
Purchaser and its subsidiaries and other affiliates taken as a whole, and in the case of Fording,
Fording and the Fording Subsidiaries taken as a whole or the Acquired Assets taken as a whole.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.7 Disclosure in Writing</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The phrases &#147;disclosed in writing by Fording&#148;, &#147;except as previously disclosed in writing by
Fording&#148; and similar expressions used in this Agreement shall be construed for purposes of this
Agreement as referring to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>information contained in the Fording Disclosure Letter;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>information or documentation that has been Publicly Disclosed by Fording; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>matters disclosed in this Agreement or in the Schedules hereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1.8 Schedules</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Schedules to this Agreement, as listed below, are an integral part of this Agreement:
</DIV>

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 21 -<!-- /Folio -->
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Schedule</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;A&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Plan of Arrangement</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;B&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consents and Approvals</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;C&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Material Purchaser Entities</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 2<BR>
THE ARRANGEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2.1 Interim Order</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As soon as reasonably practicable following the execution of this Agreement, but in any event in
sufficient time to permit the Fording Meeting to be convened in accordance with Section&nbsp;5.2(a)(iv),
Fording shall incorporate Acquiror and shall cause Acquiror to apply to the Court in a manner
acceptable to Purchaser and Fording, acting reasonably, pursuant to Section&nbsp;193 of the Corporate
Statute and, in co-operation with Purchaser, prepare, file and diligently pursue an application for
the Interim Order, which shall provide, among other things:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the class of persons to whom notice is to be provided in respect of the
Arrangement and the Fording Meeting and for the manner in which such notice is to be
provided;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the record date(s) for purposes of determining the persons to whom notice
of the Fording Meeting is to be provided and for purposes of determining the persons
entitled to vote at the Fording Meeting;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that each registered holder of Exchange Options and Phantom Units shall be
entitled to one vote at the Fording Meeting in respect of each such security or
instrument held at the record date established for the Fording Meeting and that the
holders of Exchange Options and Phantom Units shall vote in the manner described in
paragraph (d)(ii) below;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that the required level of Securityholder approval for the Arrangement
Resolution shall be:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>66&nbsp;2/3% of the votes cast on the Arrangement Resolution by
Unitholders present in person or represented by proxy at the Fording Meeting
voting separately as a class; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>66&nbsp;2/3% of the votes cast on the Arrangement Resolution by
Securityholders present in person or represented by proxy at the Fording
Meeting, voting together as a single class;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD COLSPAN="3">provided that the Arrangement Resolution shall also have received Minority Approval
of the Unitholders (collectively, the &#147;<B>Requisite Level of Approval</B>&#148;);</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the grant of the Dissent Rights;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 22 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that, in all other respects, the terms, restrictions and conditions of the
Declaration of Trust, including quorum requirements and all other matters, shall apply
in respect of the Fording Meeting; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the notice requirements with respect to the presentation of the application
to the Court for the Final Order.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2.2 Final Order</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the Interim Order is obtained and the Arrangement Resolution is passed at the Fording Meeting as
provided for in the Interim Order, Fording shall cause Acquiror to as soon as reasonably
practicable thereafter, and, in any event, no later than two business days following the approval
of the Arrangement Resolution at the Fording Meeting, and in co-operation with Purchaser, take all
steps necessary or desirable to submit the Arrangement to the Court and diligently pursue an
application for the Final Order pursuant to Section&nbsp;193 of the Corporate Statute.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2.3 Plan of Arrangement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Arrangement will be implemented in accordance with and subject to the terms and conditions
contained in this Agreement and the Plan of Arrangement as the same may be amended in accordance
herewith or therewith. For greater certainty, each of the Parties, subject to the terms and
conditions hereof, hereby consents to the implementation of the Plan of Arrangement and the
transactions contemplated thereby, and in connection with the implementation of the Plan of
Arrangement will take all necessary steps and proceedings (and, in the case of Fording, will cause
the Fording Subsidiaries to take all necessary steps and proceedings) to implement the Arrangement
including to permit the Acquired Assets to be duly and validly transferred and assigned to
Purchaser in accordance with the Plan of Arrangement. Purchaser and Fording agree that each of the
Fording LP Agreement Amendments, the New Amended and Restated Declaration of Trust and the Royalty
Agreement Amendments shall be in form and content satisfactory to each of them, acting reasonably.
Purchaser will, following completion of the Pre-Closing Period and immediately prior to the filing
by Fording of the Articles of Arrangement with the Registrar, provide the Depositary with the
aggregate Securityholder Consideration, to be held in escrow (the terms and conditions of such
escrow to be satisfactory to Fording, acting reasonably), as provided in the Plan of Arrangement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2.4 Articles of Arrangement and Effective Date</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that the Interim Order is issued, the Parties will carry out the
terms of the Interim Order as soon as is reasonably practicable following its issuance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that the Final Order is issued, the Parties will carry out the
terms of the Final Order as soon as is reasonably practicable following its issuance,
and subject to the satisfaction or waiver of the conditions set forth in Sections&nbsp;6.1,
6.2 and 6.3 (as evidenced by the delivery of the notices contemplated by Section&nbsp;6.6
hereof) and the completion of the Pre-Closing Period, and provided that this Agreement
is not otherwise terminated in accordance with its terms, Fording shall cause Acquiror
to, on the business day immediately following completion of the</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 23 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-Closing Period, send the Articles of Arrangement to the Registrar pursuant to
Section&nbsp;193 of the Corporate Statute to give effect to the Arrangement and implement
the Plan of Arrangement. The Arrangement shall become effective at the Effective
Time whereupon the steps comprising the Plan of Arrangement will be deemed to occur
in the order, at the times, and in the manner set out therein.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2.5 Fording Approval</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording represents to Purchaser that as of the date hereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Fording Trustees (excluding Mr.&nbsp;Seyffert who has declared
his interest and abstained from voting) and the Fording Directors (excluding
Messrs.&nbsp;Lindsay and Thompson who have each declared his interest and abstained
from voting) have unanimously determined that the Arrangement is fair to the
Unitholders and is in the best interests of Fording and the Unitholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Fording Trustees (excluding Mr.&nbsp;Seyffert who has declared
his interest and abstained from voting) and the Fording Directors (excluding
Messrs.&nbsp;Lindsay and Thompson who have each declared his interest and abstained
from voting) have unanimously resolved to recommend in the Proxy Circular that
the Unitholders vote in favour of the Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has been advised by each Fording Trustee and each
Fording Director that each such person intends to vote all of the Units,
Exchange Options and Phantom Units held by such person in favour of the
Arrangement Resolution and will so represent in the Proxy Circular;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Fording Trustees and Fording Directors have received,
orally, the Fairness Opinion; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Fording Trustees and Fording Directors have received the
Independent Valuation.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2.6 Withholding Taxes</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording, the Fording Subsidiaries, Acquiror and Purchaser shall be entitled to deduct and withhold
from any amount payable hereunder, all Taxes which any of Fording, the Fording Subsidiaries,
Acquiror or Purchaser, as applicable, are required to deduct and withhold under any provision of
Tax Laws. Any such withheld amounts shall be timely remitted by Fording, the Fording Subsidiaries,
Acquiror and Purchaser, as applicable, to the appropriate Governmental Entity. All such withheld
amounts shall be deemed to have been paid to the applicable Securityholders hereunder and shall be
deemed to be of the same quality and nature in respect of a Securityholder as the payment from
which the deduction and withholding was made.
</DIV>

</DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 24 -<!-- /Folio -->



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 3<BR>
REPRESENTATIONS AND WARRANTIES OF FORDING</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>3.1 Representations and Warranties of Fording</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording hereby represents and warrants to Purchaser each of the matters set forth in this
Section&nbsp;3.1, and acknowledges that Purchaser is relying upon these representations and warranties
in connection with the entering into of this Agreement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Organization</I></B>. Fording is a trust duly formed and validly existing under the
laws of the Province of Alberta pursuant to the Declaration of Trust. The Declaration
of Trust is a legal, valid and binding obligation of the Fording Trustees enforceable
against them by the Unitholders in accordance with the terms of the Declaration of
Trust, subject to bankruptcy, insolvency, reorganization (under debtor or creditor
Laws), fraudulent transfer, moratorium and other applicable Laws relating to or
affecting creditors&#146; rights generally, and to general principles of equity. The
Declaration of Trust has not been amended since March&nbsp;1, 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Power to Carry on Business</I></B>. Each of Fording and each of the Fording
Subsidiaries has all requisite power and authority to carry on its business as now
conducted and to own, lease and operate its properties and assets (except where the
failure to have such power or authority to own, lease or operate its properties and
assets would not, in the aggregate, have a material adverse effect) and each of Fording
and the Fording Subsidiaries is current with all material filings required to be made
in all jurisdictions in which it carries on any material business.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Subsidiaries</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for the Fording Subsidiaries and the Legacy
Subsidiaries, Fording does not have any subsidiaries, and other than through
its interest in the Partnership, Fording does not, directly or indirectly, own,
nor has it agreed to acquire, any equity or debt interests or securities
convertible into, or exchangeable or exercisable for, equity or debt interests
of any other entity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Fording Subsidiary is a corporation, unlimited liability
corporation, limited liability corporation, or limited partnership, as the case
may be, duly organized, validly existing and in good standing under the laws of
the jurisdiction of its incorporation, organization or formation, as the case
may be.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as disclosed in writing by Fording:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording, through its Trustees, is the sole
registered and beneficial owner of all of the issued and outstanding
securities or interests of Fording LLC;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 25 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording, through its Trustees, is the sole
limited partner of Fording LP and is the sole registered and beneficial
owner of all limited partnership interests of Fording LP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording LLC is the sole registered and
beneficial owner of all of the issued and outstanding securities or
interests of Fording ULC; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording ULC is the sole general partner of
Fording LP, and the registered and beneficial owner of all of the
general partnership interests of Fording LP;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">in each case, free and clear of all liens, mortgages, charges, pledges,
security interests, encumbrances, claims or demands whatsoever (other than
Permitted Encumbrances) and no person or other entity has or will have any
agreement, option, right or privilege (whether pre-emptive or contractual)
capable of becoming an agreement for or right to purchase from Fording all
or any issued or unissued equity securities of any of the Fording
Subsidiaries except as provided in this Agreement. All of the issued and
outstanding equity securities or interests of the Fording Subsidiaries have
been validly issued and are outstanding as fully paid and non-assessable.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon incorporation and until the Effective Time, the authorized
capital of Acquiror will consist of an unlimited number of common shares (and
no others), of which 100&nbsp;shares (and no more) will have been duly issued and
outstanding as fully paid and non-assessable in compliance with all applicable
Laws, all of which will be registered in the sole name of Fording. Acquiror
will have no assets other than $100 in cash, and will not have any obligations
or liabilities (contingent or otherwise) whatsoever other than as provided in
this Agreement. Acquiror will not carry on, and will have never carried on,
any business or activities other than as expressly contemplated by this
Agreement and the Plan of Arrangement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Capitalization</I></B>. The authorized capital of Fording consists of an unlimited
number of Units. As of the date hereof there are 150,175,327 Units, 156,762.63 Phantom
Units and 18,632 Exchange Options (and no more) issued and outstanding, and an
aggregate of 175,394 Units are issuable upon exercise of all issued and outstanding
Phantom Units and Exchange Options. Except as disclosed in writing by Fording or as
contemplated by this Agreement, no options, warrants, conversion privileges,
equity-based awards or other rights, agreements or commitments of any character
whatsoever requiring or which may require the issuance, sale or transfer by Fording of
any Units or other securities of Fording or any of the Fording Subsidiaries or any
securities convertible into, or exchangeable or exercisable for, or otherwise
evidencing a right to acquire, or whose value is based on or in reference to the value
or price of, any Units or other securities of</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 26 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording or any of the Fording Subsidiaries, are outstanding. All outstanding Units
have been duly authorized and validly issued and are fully paid (and no such Units
have been issued in violation of any pre-emptive or similar rights). Except as
disclosed in writing by Fording or as contemplated by this Agreement, there are no
outstanding contractual or other obligations of Fording or any of the Fording
Subsidiaries to repurchase, redeem or otherwise acquire any of its securities or
with respect to the voting or disposition of any outstanding securities of a
subsidiary. Except as disclosed in writing by Fording, there are no outstanding
contractual or other obligations of Fording or any of the Fording Subsidiaries, the
value of which is based on the value of the Units.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Authority</I></B>. Fording has the requisite power and authority to enter into this
Agreement and to perform its obligations hereunder. The execution and delivery of this
Agreement by Fording, the performance by Fording of its obligations under this
Agreement and the completion of the Transaction by Fording have been duly authorized by
its trustees and no other proceedings on the part of Fording are necessary to authorize
this Agreement or the Transaction other than the calling of the Fording Meeting and the
completion of related procedures by Fording, the approval by the Fording Trustees of
the Proxy Circular and related materials, the approval of the Arrangement Resolution by
Securityholders in the manner contemplated by the Interim Order and the requirement to
obtain the Interim Order and the Final Order. This Agreement has been duly executed and
delivered by Fording and constitutes a legal, valid and binding obligation of Fording,
enforceable against it in accordance with its terms, subject to bankruptcy, insolvency,
reorganization (under debtor or creditor Laws), fraudulent transfer, moratorium and
other applicable Laws relating to or affecting creditors&#146; rights generally, and to
general principles of equity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Breach</I></B>. Other than as disclosed in writing by Fording, the execution and
delivery by Fording of this Agreement and performance by Fording of its obligations
hereunder and the completion of the Transaction will not result in a violation or
breach of or give rise to any termination rights or change any right or obligation or
result in the loss of any benefit to which Fording or any Fording Subsidiary is
entitled to under any provision of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any term of the Declaration of Trust or, after the Effective
Time, the New Amended and Restated Declaration of Trust, as applicable, the
constating documents of any of the Fording Subsidiaries, any resolution of the
Fording Trustees (including any committees thereof) or the Unitholders or of
the directors (including any committees thereof) or shareholders or partners of
the Fording Subsidiaries, as applicable, that are in effect as at or after the
date of this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>except as disclosed in writing by Fording, any Material
Contract or material permit, approval, consent, authorization or other document
to which Fording or the Fording Subsidiaries are a party or by which they are
bound; or</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 27 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any applicable Law or any judgment, decree or order binding
upon Fording or the Fording Subsidiaries or the property or assets of Fording
or the Fording Subsidiaries,</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">except in each case, such change in rights or obligations, losses of benefit,
violations or breaches that would not, individually or in the aggregate, have a
material adverse effect.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Indebtedness</I></B>. Except as disclosed in writing by Fording, Fording and the
Fording Subsidiaries are in compliance with all material covenants under, and no
material default on the part of any of such parties exists under, any instrument
securing or otherwise relating to any indebtedness of Fording or the Fording
Subsidiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Consents and Approvals</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other than those which the failure to obtain or make would not
individually or in the aggregate have a material adverse effect, no consent,
waiver, approval, permit, order or authorization of, or declaration or filing
with, any Governmental Entity is required to be obtained by Fording or any of
the Fording Subsidiaries in connection with the execution and delivery of this
Agreement by Fording or the completion of the Transaction by the Fording
Parties other than:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Interim Order;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any approvals required by the Interim Order;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Final Order;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Competition Act Approval;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(E)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>HSR Approval;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(F)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Schedule&nbsp;13E-3;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(G)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>those consents, approvals, orders,
authorizations and filings listed in Schedule &#147;B&#148; hereto; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(H)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>filings with the Registrar under the Corporate
Statute and approvals from and filings with Securities Authorities, the
TSX and the NYSE;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other than as disclosed in writing by Fording, no Third Party
Consents are required by Fording or any of the Fording Subsidiaries in
connection with the execution and delivery of this Agreement by Fording, the
performance by Fording of its obligations under this Agreement or the
completion of the Transaction by the Fording Parties except where the failure
to obtain</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">- 28 -
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such consent, approval, or authorization would not, individually or
in the aggregate, have a material adverse effect.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Defaults</I></B>. Other than as disclosed in writing by Fording, neither Fording nor
any of the Fording Subsidiaries is in default under, and there exists no event,
condition or occurrence which, after notice or lapse of time or both, would constitute
such a default under, any contract, agreement, concession or licence to which it is a
party or by which it is bound, which would, if terminated or upon exercise of a right
made available to a third party solely by reason of such a default, individually or in
the aggregate, have a material adverse effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Breach of Laws</I></B>. Neither Fording nor any of the Fording Subsidiaries is or
has been in violation of, and to the knowledge of Fording is not under investigation
with respect to and has not been threatened to be charged with or given notice of any
violation of, any applicable Laws, except for violations that have not had and would
not be reasonably expected to have, individually or in the aggregate, a material
adverse effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Conduct of Business</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording is currently conducting its business in material
compliance with the terms and provisions of the Declaration of Trust. Each of
the Fording Subsidiaries is currently conducting its business in material
compliance with its constating documents. Each of Fording and the Fording
Subsidiaries holds all licences, permits, approvals, consents, certificates,
registrations and authorizations (whether governmental, regulatory or
otherwise) to enable its business to be carried on as now conducted and its
property and assets to be owned, leased and operated, in the manner currently
owned, leased and operated, except where the same would not, individually or in
the aggregate, have a material adverse effect; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Since December&nbsp;31, 2007 and except as disclosed in writing by
Fording:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there has not occurred any change, financial or
otherwise, in the liabilities (contingent or otherwise), business,
affairs, operations, assets, financial condition or capital of Fording
and the Fording Subsidiaries on a consolidated basis that has had or
would reasonably be expected to have, individually or in the aggregate,
a material adverse effect; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>except for the issue of Units under the Fording
DRIP in the ordinary course, there has not been any material change in
the capital or long-term debt of Fording and the Fording Subsidiaries
considered as a whole.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 29 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Employment and Consulting Agreements</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as disclosed in writing by Fording, neither Fording nor
any of the Fording Subsidiaries is a party to any written or oral policy,
agreement, obligation or understanding providing for severance or termination
payments to, or any employment or consulting agreement with, any of their
respective trustees, directors, officers, Employees or consultants;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as disclosed in writing by Fording, there are no
contracts of employment or consulting entered into by Fording or any of the
Fording Subsidiaries with any of their respective trustees, directors,
officers, Employees or consultants which would entitle any such trustee,
director, officer, Employee or consultant to receive enhanced benefits or
payments upon Fording entering into this Agreement or any of the other
documents contemplated by this Agreement to which Fording or any Fording
Subsidiary is a party or upon the completion of the Transaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Neither Fording nor any of the Fording Subsidiaries: (A)&nbsp;is
party to any collective bargaining agreement; or (B)&nbsp;has any current, pending
or threatened strikes (including official or unofficial strikes or other labour
relations difficulties), work stoppage, slowdowns or lockouts, union
representation or organizing activities or unlawful labour practices or
actions; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as disclosed in writing by Fording, neither Fording nor
any of the Fording Subsidiaries is subject to any material claim for wrongful
dismissal, constructive dismissal or any other material tort claim, actual or
threatened, or any litigation, actual or threatened, relating to employment or
termination of employment of Employees or independent contractors.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Financial Statements</I></B>. The Fording Financial Statements are, as at their
respective dates, complete and correct in all material respects, were prepared in
accordance with Canadian GAAP, and present fairly in all material respects the
financial position of the entities to which such financial statements relate as at the
date and for the periods stated therein. The financial statements of Fording described
in paragraph (a)&nbsp;of the definition of &#147;Fording Financial Statements&#148; have been
reconciled to generally accepted accounting principles as required by Item&nbsp;17 of Form
20-F under the Exchange Act.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Books and Records</I></B>. The financial books, records and accounts of Fording and the
Fording Subsidiaries in all material respects fairly reflect the financial position of
Fording and the Fording Subsidiaries and the material financial transactions of Fording
and the Fording Subsidiaries and accurately and fairly reflect the basis for the
Fording Financial Statements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Litigation, Etc</I></B>. Except as disclosed in writing by Fording, (i)&nbsp;there is no
claim, action, proceeding, suit, arbitration or investigation pending or, to the
knowledge</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 30 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of Fording, threatened against or relating to Fording or any of the Fording
Subsidiaries or affecting any of their properties or assets before any court or
governmental or regulatory authority or body or other Governmental Entity or
arbitral authority which would, if adversely determined, individually or in the
aggregate, have a material adverse effect; and (ii)&nbsp;neither Fording nor any of the
Fording Subsidiaries or any of their respective properties or assets is subject to
any outstanding judgment, order, writ, injunction or decree or arbitrator&#146;s decision
which has or would, individually or in the aggregate, have a material adverse
effect.</TD>
</TR>
<tr>
<TD style="font-size:6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(p)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Liabilities</I></B>. Except as disclosed in writing by Fording, and other than the
Transaction Expenses, neither Fording nor any of the Fording Subsidiaries have any
liabilities of any nature (whether accrued, absolute, contingent or otherwise) except
(i)&nbsp;liabilities set forth in the audited consolidated balance sheet of Fording as of
December&nbsp;31, 2007 forming part of the Fording Financial Statements, or (ii)&nbsp;liabilities
incurred since December&nbsp;31, 2007 in the ordinary course of business consistent with
past practice. To the knowledge of Fording, based on information existing on the date
of this Agreement, following completion of the steps comprising the Plan of Arrangement
and assuming an Effective Date of October&nbsp;31, 2008, the Residual Liabilities are
estimated to be those set out in Schedule &#147;A&#148; of the Fording Disclosure Letter.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(q)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Environmental</I></B>. All operations of Fording and the Fording Subsidiaries have
been, and are now being, undertaken in compliance with all Environmental Laws, except
where the failure to be in compliance would not, individually or in the aggregate, have
a material adverse effect. Fording and the Fording Subsidiaries are in possession of,
and in compliance with, all permits, authorizations, certificates, registrations,
approvals and consents necessary under Environmental Laws to own, lease and operate
their properties and to conduct their respective businesses as they are now being
conducted or as proposed to be conducted, except where the failure to do so would not,
individually or in the aggregate, have a material adverse effect. Neither Fording nor
any of the Fording Subsidiaries is subject to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any current or threatened proceeding, application, order or
directive which relates to environmental, health or safety matters, and which
may require any material work, repairs, construction or expenditures; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any demand or notice with respect to the breach of any
Environmental Laws applicable to Fording or any of the Fording Subsidiaries,
including any regulations respecting the use, storage, treatment,
transportation, or disposition of Hazardous Substances,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which, in either case, would, individually or in the aggregate, have a material
adverse effect.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 31 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(r)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Tax Matters</I></B>. Except as:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in writing by Fording, Fording and each of the
Fording Subsidiaries have timely filed, or caused to be filed, all Tax Returns
required to be filed by them (all of which returns were, to their knowledge,
correct and complete in all material respects). Fording and each of the
Fording Subsidiaries have timely paid, collected, withheld or remitted, or
caused to be paid, withheld or remitted, all material Taxes that are due and
payable (including all instalments on account of Taxes for the current year
that are due and payable by Fording or any of the Fording Subsidiaries whether
or not assessed (or reassessed) by the appropriate Governmental Entity). There
are no encumbrances for Taxes (other than Taxes not yet due and payable or
which are being contested in good faith by appropriate proceedings diligently
conducted, if adequate reserves with respect thereto are maintained on the
books of Fording in accordance with Canadian GAAP) upon any of the assets or
properties of Fording or any Fording Subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in writing by Fording, Fording has provided adequate
accruals in accordance with Canadian GAAP in its consolidated financial
statements for the period from inception to December&nbsp;31, 2007 for any Taxes for
the period covered by such financial statements that have not been paid,
whether or not shown as being due on any Tax Returns;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in writing by Fording, since the publication date of
Fording&#146;s consolidated financial statements for the period ending December&nbsp;31,
2007, no material Tax liability not reflected in such statements or otherwise
provided for has been assessed, incurred, proposed to be assessed or accrued,
and there is no material assessment or reassessment for Taxes under review or
appeal with any Governmental Entity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in writing by Fording, Fording and each Fording
Subsidiary has duly and timely withheld from any amount paid or credited by it
to or for the account or benefit of any person the amount of all Taxes and
other deductions required by all applicable Law to be withheld from any such
amount and has duly and timely remitted the same to the appropriate
Governmental Entity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>set forth in the Fording Disclosure Letter, there are no
material proceedings, investigations, audits or claims now pending or, to the
knowledge of Fording, threatened against Fording or any of the Fording
Subsidiaries in respect of any Taxes and there are no matters under discussion,
audit or appeal with any Governmental Entity relating to Taxes and no waivers
of statutes of limitations, statutory limitation periods, agreements or other
arrangements providing for an extension of time with respect to the filing of
any Tax Return or payment of any Taxes have been given or requested with
respect to Fording or any Fording Subsidiary;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 32 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosed in writing by Fording, neither Fording nor any
Fording Subsidiary is a party to any Tax sharing allocation, indemnity or
similar agreement or arrangement (whether or not written) pursuant to which
Fording or any Fording Subsidiary will have any obligation to make any payments
after the acquisition of the Units by Acquiror;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>set forth in the Fording Disclosure Letter, Fording is a
&#147;mutual fund trust&#148; for purposes of the Tax Act;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>set forth in the Fording Disclosure Letter, Fording is not a &#147;non-resident
person&#148; for purposes of the Tax Act;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>set forth in the Fording Disclosure Letter, the Fording Units
were listed on the TSX before November&nbsp;1, 2006 and continuously thereafter and
Fording would have been a &#147;SIFT trust&#148; on October&nbsp;31, 2006 had the definition
of &#147;SIFT trust&#148; contained in subsection 122.1(1) of the Tax Act, (the &#147;<B>SIFT
Proposals</B>&#148;) been in force and applied to Fording on that date, and Fording has
not exceeded its normal growth limitations as determined for purposes of the
SIFT Proposals; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>set forth in the Fording Disclosure Letter, Fording and each
Fording Subsidiary has not engaged in any transaction which could result in the
application of section 15(2), 17, 78, 80, 80.01, 80.02, 80.03 or 80.04 of the
Tax Act.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(s)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Employee Benefits</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has disclosed in writing a complete list of all of the
Benefit Plans;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Benefit Plan is, and has been, established, registered,
amended and administered in compliance with the terms of such Benefit Plan, all
applicable Laws, the terms of the material documents that support such Benefit
Plan and the terms of agreements between Fording and/or any Fording
Subsidiaries, as the case may be, and their respective Employees and former
employees who are members of, or beneficiaries under, the such Benefit Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There is no investigation by any Governmental Entity pending
or, to the knowledge of Fording, threatened involving any Benefit Plan and, to
the knowledge of Fording, there exists no state of facts which after notice or
lapse of time or both would reasonably be expected to give rise to any such
investigation, examination or other proceeding, action or claim or to affect
the registration of any Benefit Plan required to be registered;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All current obligations of the Fording Parties regarding the
Benefit Plans have been satisfied in all material respects, and all
contributions, premiums or taxes required to be made or paid by any Fording
Party, as</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 33 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the case may be, under the terms of each Benefit Plan or by applicable Laws
in respect of the Benefit Plans have been made in a timely fashion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has not resolved or agreed to improve or change the
benefits provided under any Benefit Plan other than changes expressly
contemplated by such plans on the date hereof; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All data necessary to administer each Benefit Plan is in the
possession of Fording, the Fording Subsidiaries, or an agent thereof, as
applicable, and is in a form which is sufficient for the proper administration
of the Benefit Plan in accordance with its terms and all applicable Laws and
such data is complete and correct.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(t)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Reports</I></B>. Fording has, in accordance with applicable Laws, filed with the
Securities Authorities, the TSX and the NYSE, as applicable, true and complete copies
of all forms, reports, schedules, statements, material change reports, circulars, press
releases, disclosures relating to options and other stock based incentive plans,
prospectuses, other offering documents and all other documents required to be filed by
it with Securities Authorities, the TSX or the NYSE as applicable since January&nbsp;1, 2007
(such forms, reports, schedules, statements and other documents, including any
financial statements or other documents, including any schedules included therein, are
referred to herein as the &#147;<B>Fording Public Documents</B>&#148;). None of the Fording Public
Documents at the time filed, or as applicable, the time of the filing becoming
effective, contained any misrepresentation or any material misstatements or omissions
necessary in order to make the statements therein not misleading in light of the
circumstances under which they were made. Fording has not filed any confidential
material change or similar report with any Securities Authorities, stock exchange or
other regulatory authority that at the date hereof remains confidential.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(u)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Intellectual Property</I></B>. Other than any Intellectual Property owned or licenced
by Purchaser and made available to Fording and except as disclosed in writing by
Fording or as would not have material adverse effect, Fording and the Fording
Subsidiaries own all right, title and interest in and to, or are validly licenced (and
are not in material breach of such licenses) or otherwise have the right to use all
patents, patent rights, trademarks, trade-names, service marks, service names,
copyrights, license rights, know-how (including trade secrets and other unpatented and
unpatentable proprietary or confidential information, systems or procedures) and other
intellectual property rights (the &#147;<B>Intellectual Property</B>&#148;) necessary to carry on
business in the manner presently conducted.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Sarbanes-Oxley Act and Internal Controls</I></B>. Fording and, to Fording&#146;s knowledge,
each of the Fording Trustees and officers of Fording are in material compliance with
and have complied in all material respects with the applicable provisions of the
Sarbanes-Oxley Act as they apply to Fording. Fording has implemented and maintains a
system of internal accounting controls sufficient to provide reasonable assurances
regarding the reliability of financial reporting and
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 34 - <!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the preparation of financial statements in accordance with Canadian GAAP. Fording
has implemented and maintains disclosure controls and procedures (as defined in Rule
13a-15(e) of the Exchange Act) to ensure that material information relating to
Fording, including its consolidated subsidiaries, is made known to the President, in
his capacity as principal executive officer of Fording, and the Vice President and
Chief Financial Officer, in his capacity as principal financial officer of Fording,
by others within Fording. Based on its most recent evaluation of internal controls
prior to the date hereof, Fording has disclosed to its auditors and audit committee
(i)&nbsp;that there were no significant deficiencies or material weaknesses in the design
or operation of internal controls that are reasonably likely to adversely affect
Fording&#146;s ability to record, process, summarize and report financial information and
(ii)&nbsp;that there was no fraud, whether or not material, that involves management or
other employees who have a significant role in internal controls.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(w)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Non-Arm&#146;s Length Transactions</I></B>. Except for the Benefit Plans and other than,
contracts, agreements and arrangements between Fording and the Fording Subsidiaries on
the one hand and Purchaser and its affiliates or the Partnership on the other hand, and
except as disclosed in writing by Fording, there are no contracts or other
transactions between Fording or any of the Fording Subsidiaries, on the one hand, and
any (i)&nbsp;officer, trustee or director of Fording or any of the Fording Subsidiaries,
(ii)&nbsp;any holder of record or beneficial owner of 5% or more of the Units, or (iii)&nbsp;any
associate or affiliate of any such officer, trustee, director or beneficial owner, on
the other hand.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Reporting Issuer Status</I></B>. Fording is a &#147;reporting issuer&#148; under applicable
Canadian Securities Laws in each of the provinces of Canada in which such concept
exists and a &#147;foreign private issuer&#148; as defined in Rule&nbsp;3b-4 under the Exchange Act
and is in compliance in all material respects with Canadian Securities Laws, U.S.
Securities Laws and the rules and policies of the TSX and the NYSE. The Units are
listed and posted for trading on the TSX and the NYSE and Fording is not in material
default of any of the listing conditions of such exchanges.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(y)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Orders</I></B>. No order, ruling or determination having the effect of suspending
the sale of, or ceasing the trading of, the Units or any other securities of Fording
has been issued by any regulatory authority and is continuing in effect and no
proceedings for that purpose have been instituted, are pending or, to the knowledge of
Fording, are contemplated or threatened under any Canadian Securities Laws or U.S.
Securities Laws or by any other regulatory authority.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(z)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Material Contracts</I></B>. The Material Contracts are all in full force and effect,
unamended and there are no outstanding defaults (or events which would constitute a
default with the passage of time or giving of notice or both) under any such Material
Contract on the part of Fording or any of the Fording Subsidiaries, as applicable, and
to the knowledge of Fording, on the part of any other party to
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 35 - <!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such Material Contracts, in either case where such defaults would, individually or
in the aggregate, have a material adverse effect.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(aa)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Investment Company</I></B>. Fording is not registered and is not required to be
registered as an investment company pursuant to the United States Investment Company
Act of 1940, as amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(bb)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Royalty Agreement</I></B>. The Royalty Agreement is a legal, valid and binding
obligation of each of Fording and Fording LP enforceable against each party by the
other in accordance with its terms, subject to bankruptcy, insolvency, reorganization
(under debtor or creditor Laws), fraudulent transfer, moratorium and other applicable
Laws relating to or affecting creditors&#146; rights generally, and to general principles of
equity. Each of Fording and Fording LP is in material compliance with the terms and
conditions of the Royalty Agreement, and the Royalty Agreement has not been amended in
any respect since December&nbsp;31,&nbsp;2006.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(cc)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Ownership of the Partnership</I></B>. Fording LP directly, and Fording indirectly,
holds a 60% general partnership interest in the Partnership free and clear of all
liens, mortgages, charges, pledges, security interests, encumbrances, claims or
demands, other than Permitted Encumbrances and rights under the EVCP Partnership
Agreement and the Teck Agreement. The Partnership is a validly subsisting partnership
governed by the EVCP Partnership Agreement. The EVCP Partnership Agreement is a legal,
valid and binding agreement of the partners of the Partnership enforceable against them
in accordance with its terms, subject to bankruptcy, insolvency, reorganization (under
debtor or creditor Laws), fraudulent transfer, moratorium and other applicable Laws
relating to or affecting creditors&#146; rights generally, and to general principles of
equity, and has not been amended since February&nbsp;27, 2006.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(dd)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Brokers</I></B>. Except for RBC and the Independent Valuator, no broker, finder,
investment banker or other market intermediary is entitled to any brokerage, finder&#146;s,
consulting, advisory, valuation or other fee or commission, or to the reimbursement of
any of its expenses, in connection with the Arrangement or the other elements of the
Transaction.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ee)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Acquired Assets</I></B>. Fording has good and valid title to the Acquired Assets free
and clear of all mortgages, charges, pledges, security interests, encumbrances, claims
or demands whatsoever other than Permitted Encumbrances and rights under the EVCP
Partnership Agreement and the Teck Agreement, and no person or other entity (other than
Purchaser) has or will have any agreement, option, right or privilege (whether
pre-emptive or contractual) capable of becoming an agreement for or right to purchase
from Fording all or any of the Acquired Assets or any issued or unissued equity
securities of any of the Fording Subsidiaries or any interest of Fording or Fording LP
in the Partnership.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 36 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>3.2 Survival of Representations and Warranties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The representations and warranties of Fording contained in this Agreement shall survive the
execution and delivery of this Agreement and shall expire and be terminated and extinguished at the
Transaction Confirmation Date except for purposes of the termination right in Section&nbsp;8.1(g).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>3.3 Disclaimer of Additional Representations and Warranties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Purchaser acknowledges and agrees that, except as expressly set forth in this Agreement or any
certificate delivered by Fording in accordance with the terms of this Agreement, Fording is not
making any representation or warranty, express or implied, at law or in equity, with respect to
Fording, the Fording Subsidiaries, the Partnership (for the avoidance of doubt, Purchaser further
acknowledges that the sole representations or warranties made by Fording in respect of the
Partnership are the representations set out in Section&nbsp;3.1(cc) and Section&nbsp;3.1(ee)), their
respective businesses, the Acquired Assets, the past, current or future production of any such
entity or assets, their financial condition or any of their assets, liabilities or operations, or
their past, current or future profitability or performance, individually or in the aggregate, and
any such other representations or warranties are hereby expressly disclaimed.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 4<BR>
REPRESENTATIONS AND WARRANTIES OF PURCHASER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4.1 Representations and Warranties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Purchaser hereby represents and warrants to Fording as follows, and acknowledges that Fording is
relying upon these representations and warranties in connection with the entering into of this
Agreement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Organization</I></B>. Each of Purchaser and the Material Purchaser Entities has been
duly organized and is validly existing under the Laws of the jurisdiction in which it
is organized. Each of Purchaser and the Material Purchaser Entities has full corporate
or legal power and authority to own its properties and assets and conduct its business
as currently conducted, except where the failure to have such power or authority would
not have a Purchaser Material Adverse Effect. Each of Purchaser and the Material
Purchaser Entities is current with all material filings required to be made in all
jurisdictions in which it carries on any material business.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Subsidiaries and Interests</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for the Material Purchaser Entities, the Purchaser has
no subsidiaries (as defined for the purposes of National Instrument 51-102 of
the Canadian Securities Administrators but expressly excluding the Partnership)
that would be required to be disclosed under Item&nbsp;3.2 of Form 51-102F2 of
National Instrument 51-102 of the Canadian Securities Administrators provided
that the determination as to whether a subsidiary of the Purchaser would be
required to be disclosed under such item shall be determined based on a
subsidiary&#146;s total assets, sales and operating
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 37 - <!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>revenues as at and for the twelve months ending June&nbsp;30, 2008 and the
Purchaser&#146;s consolidated assets, sales and operating revenues as at and for
the twelve months ending June&nbsp;30, 2008 rather than as at the end of the
Purchaser&#146;s most recent financial year-end; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as Publicly Disclosed by Purchaser, no person or other
entity has or will have any agreement, option, right or privilege (whether
pre-emptive or contractual), other than rights of first refusal, capable of
becoming an agreement for or right to purchase from Purchaser all or any
material amount of issued or unissued equity securities of any of the Material
Purchaser Entities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Authority</I></B>. Purchaser has the requisite corporate power and authority to enter
into this Agreement and to perform its obligations hereunder. The execution and
delivery of this Agreement by Purchaser, the performance by Purchaser of its
obligations under this Agreement and the completion by Purchaser of the Transaction
have been duly authorized by the Board of Directors of Purchaser, and no other
proceedings on the part of Purchaser are necessary to authorize the execution and
delivery of this Agreement, the performance by the Purchaser of its obligations
hereunder or the completion of the Transaction by Purchaser. This Agreement has been
duly executed and delivered by Purchaser and constitutes a legal, valid and binding
obligation of Purchaser, enforceable against Purchaser in accordance with its terms,
subject to bankruptcy, insolvency, reorganization (under debtor or creditor Laws),
fraudulent transfer, moratorium and other applicable Laws relating to or affecting
creditors&#146; rights generally, and to general principles of equity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Breach</I></B>. The execution and delivery of this Agreement by Purchaser and
performance by Purchaser of its obligations hereunder and the completion of the
Transaction will not result in a violation or breach of or give rise to any termination
rights under any provision of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the certificate of incorporation, articles, by-laws or other
charter documents of Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any mortgage, note, indenture, contract, agreement, instrument,
lease, permit, approval, consent, authorization or other document to which
Purchaser or any Material Purchaser Entity (to the knowledge of Purchaser with
respect to any Material Purchaser Entity that is not a subsidiary) is a party
or by which it is bound; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any applicable Law or any judgment, decree or order binding
upon Purchaser or any Material Purchaser Entity (to the knowledge of Purchaser
with respect to any Material Purchaser Entity that is not a subsidiary) or the
property or assets of Purchaser or the Material Purchaser Entities (to the
knowledge of Purchaser with respect to any Material Purchaser Entity that is
not a subsidiary),
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 38 - <!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>except in each case such violations or breaches that would not, individually or in
the aggregate, have a Purchaser Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Consents and Approvals</I></B>. Other than those which the failure to obtain or make,
would not individually or in the aggregate, have a Purchaser Material Adverse Effect,
no consent, waiver, approval, permit, order or authorization of, or declaration or
filing with, any Governmental Entity is required to be obtained by Purchaser or any
Material Purchaser Entity (to the knowledge of Purchaser with respect to any material
Purchaser Entity that is not a subsidiary) in connection with the execution and
delivery of this Agreement or the completion by Purchaser of the Transaction other
than:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Interim Order;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any approvals required by Purchaser pursuant to the operation
of the Interim Order;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Final Order;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Competition Act Approval;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>HSR Approval;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Schedule&nbsp;13E-3;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>filings with the Registrar under the Corporate Statute and
approvals from and filings with Securities Authorities, the TSX and the NYSE;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>those consents, approvals, orders, authorizations and filings listed in
Schedule &#147;B&#148; hereto;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Purchaser Third Party Consents. </I></B>No Purchaser Third Party Consents are required
by Purchaser or its subsidiaries in connection with the execution and delivery of this
Agreement by Purchaser, the performance by Purchaser of its obligations under this
Agreement or the completion of the Transaction by Purchaser, except where the failure
to obtain such consent, approval or authorization would not, individually or in the
aggregate, have a Purchaser Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Litigation, Etc</I></B>. Except as Publicly Disclosed by Purchaser, and to the
knowledge of Purchaser in respect of any Material Purchaser Entity that is not a
subsidiary, there is no claim, action, proceeding, suit, arbitration or investigation
pending or, to the knowledge of Purchaser, threatened against or relating to Purchaser,
its subsidiaries or any Material Purchaser Entity which is not a subsidiary or
affecting any of their properties or assets before any court or governmental or
regulatory authority or body or other Governmental Entity or arbitral authority which
would, if adversely determined, individually or in the aggregate, have a Purchaser
Material Adverse Effect and neither Purchaser, nor any of its</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 39 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subsidiaries, nor to the knowledge of Purchaser any Material Purchaser Entity which
is not a subsidiary, nor any of their respective properties or assets is subject to
any outstanding judgment, order, writ, injunction or decree or arbitrator&#146;s decision
which has or would, individually or in the aggregate, have a Purchaser Material
Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Breach of Laws</I></B>. Neither Purchaser, any of its subsidiaries, nor to the
knowledge of Purchaser any Material Purchaser Entity which is not a subsidiary, is or
has been in violation of, and to the knowledge of Purchaser is not under investigation
with respect to and has not been threatened to be charged with or given notice of any
violation of, any applicable Laws, except for violations that would not reasonably be
expected to have, individually or in the aggregate, a Purchaser Material Adverse
Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Capitalization and Listing</I></B><B>. </B>The authorized share capital of Purchaser consists
of an unlimited number of Class&nbsp;A common shares, an unlimited number of Purchaser
Shares and an unlimited number of preference shares, issuable in series. As of the date
hereof, there are 9,353,450 Class&nbsp;A common shares, 433,072,558 Purchaser Shares and no
preference shares issued and outstanding. The Purchaser Shares to be issued in
connection with the Arrangement will be duly authorized and when issued under the
Arrangement, all such Purchaser Shares will be: (i)&nbsp;validly issued as fully paid and
non-assessable; and (ii)&nbsp;listed for trading on the TSX and the NYSE. The outstanding
Class&nbsp;A common shares of Purchaser and the Purchaser Shares are validly issued and
outstanding as fully paid and non-assessable shares. Except as Publicly Disclosed by
Purchaser, (i)&nbsp;no options, warrants, conversion privileges, equity-based awards or
other rights, agreements or commitments of any character whatsoever requiring or which
may require the issuance, sale or transfer by Purchaser of equity securities of
Purchaser or any securities convertible into, or exchangeable or exercisable for, or
otherwise evidencing a right to acquire, or whose value is based on or in reference to
the value or price of any equity securities of Purchaser, are outstanding; (ii)&nbsp;there
are no outstanding contractual or other obligations of Purchaser to repurchase, redeem
or otherwise acquire any of its equity securities; and (iii)&nbsp;there are no outstanding
contractual or other obligations of Purchaser, the value of which is based on the value
of the Purchaser Shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Reports. </I></B>Purchaser has, in accordance with applicable Laws, filed with the
Securities Authorities, the TSX and the NYSE, as applicable, true and complete copies
of all forms, reports, schedules, statements, material change reports, circulars, press
releases, disclosures relating to options and other stock based incentive plans,
prospectuses, other offering documents and all other documents required to be filed by
it with Securities Authorities, the TSX or the NYSE as applicable since January&nbsp;1, 2007
(such forms, reports, schedules, statements and other documents, including any
financial statements or other documents, including any schedules included therein, are
referred to herein as the &#147;<B>Purchaser Public Documents</B>&#148;). None of the Purchaser Public
Documents at the time filed, or as applicable, at the time of the filing becoming
effective, contained any
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 40 - <!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>misrepresentation or any material misstatements or omissions necessary in order to
make the statements therein not misleading in light of the circumstances in which
they were made. Purchaser has not filed any confidential material change or similar
report with any Securities Authorities, stock exchanges or other regulatory
authority that at the date hereof remains confidential.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Reporting Issuer Status</I></B>. Purchaser is a &#147;reporting issuer&#148; under applicable
Canadian Securities Laws in each of the provinces of Canada in which such concept
exists and a &#147;foreign private issuer&#148; as defined in Rule&nbsp;3b-4 under the Exchange Act
and is in compliance in all material respects with Canadian Securities Laws, U.S.
Securities Laws and the rules and policies of the TSX and the NYSE. The Purchaser
Shares are listed and posted for trading on the TSX and the NYSE and Purchaser is not
in material default of any of the listing conditions of such exchanges.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Financial Statements</I></B>. The Purchaser Financial Statements are, as at their
respective dates, complete and correct in all material respects, were prepared in
accordance with Canadian GAAP, and present fairly in all material respects the
financial position of the entities to which such financial statements relate as at the
date and for the periods stated therein. The financial statements of the Purchaser
described in paragraph (a)&nbsp;of the definition of &#147;Purchaser Financial Statements&#148; have
been reconciled to generally accepted accounting principles as required by Item&nbsp;17 of
Form 20-F under the Exchange Act.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Conduct of Business</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of Purchaser, its subsidiaries and to the knowledge of
Purchaser the Material Purchaser Entities which are not subsidiaries is
currently conducting its business in material compliance with its governing
documents.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser, its subsidiaries and to the knowledge of Purchaser
the Material Purchaser Entities which are not subsidiaries hold all licences,
permits, approvals, consents, certificates, registrations and authorizations
(whether governmental, regulatory or otherwise) to enable their respective
businesses to be carried on as now conducted and their respective property and
assets to be owned, leased and operated, in the manner currently owned, leased
and operated, except where the failure to hold such licence, permit, approval,
consent, certificate, registration or authorization, would not, individually or
in the aggregate, have a Purchaser Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Since December&nbsp;31, 2007, and except as Publicly Disclosed by
Purchaser there has not occurred any change, financial or otherwise, in the
liabilities (contingent or otherwise), business, affairs, operations, assets,
financial condition or capital of Purchaser and its subsidiaries on a
consolidated basis, nor to the knowledge of Purchaser of the Material Purchaser
Entities
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 41 - <!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that are not subsidiaries, that has had or would reasonably be expected to
have, individually or in the aggregate, a Purchaser Material Adverse Effect;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Since December&nbsp;31, 2007, except as Publicly Disclosed by
Purchaser there has not been any material change in the capital or long-term
debt of Purchaser and its subsidiaries on a consolidated basis.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Orders</I></B>. No order, ruling or determination having the effect of suspending
the sale of, or ceasing the trading of, the Purchaser Shares or any other securities of
Purchaser has been issued by any regulatory authority and is continuing in effect and
no proceedings for that purpose have been instituted, are pending or, to the knowledge
of Purchaser, are contemplated or threatened under any Canadian Securities Laws or U.S.
Securities Laws or by any other regulatory authority.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Sufficient Funds</I></B>. Purchaser has delivered to Fording a copy of an executed
commitment letter (the &#147;<B>Debt Commitment Letter</B>&#148;), dated as of the date hereof, from
JPMorgan Chase Bank, N.A, Citibank, N.A., Canadian branch, Merrill Lynch Capital
Corporation, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Bank of
Montreal (the &#147;<B>Lenders</B>&#148;). Pursuant to the Debt Commitment Letter and subject to the
terms and conditions contained therein, the Lenders have committed to provide
U.S.$9,810,000,000 in aggregate principal amount of debt financing to Purchaser on or
before the Effective Date (the &#147;<B>Debt Financing</B>&#148;). The obligations to fund the
commitments under the Debt Commitment Letter are not subject to any condition other
than those set forth therein (including any further internal credit or other approval
by the Lenders). Purchaser has no knowledge of any fact or occurrence that would
reasonably be expected to (i)&nbsp;make any of the assumptions or statements set forth in
the Debt Commitment Letter inaccurate, (ii)&nbsp;cause the Debt Commitment Letter to be
ineffective or (iii)&nbsp;preclude in any material respect the satisfaction of the
conditions set forth in the Debt Commitment Letter. As of the date hereof, the Debt
Commitment Letter is in full force and effect and has not been amended in any material
respect, and the financing and other fees that are due and payable on or before the
date hereof under the Debt Commitment Letter have been paid in full. Subject to the
terms and conditions of the Debt Commitment Letter, the funds contemplated to be
received pursuant to the Debt Commitment Letter, together with the expected proceeds of
the sale of Units by Purchaser and funds that Purchaser currently has on hand, will be
sufficient to pay, and will be used to pay, the aggregate Cash Consideration forming
part of Securityholder Consideration under the Arrangement and to make all other
necessary payments (including related fees and expenses) by Purchaser in connection
with the Arrangement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(p)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Security Ownership</I></B>. Other than as disclosed by Purchaser on June&nbsp;20, 2008 in
its filing with the SEC on Schedule&nbsp;13D, wherein it represented that Purchaser owned
beneficially 29,507,142 Units, Purchaser does not own or exercise control or direction
over any other Units.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 42 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(q)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Indebtedness</I></B>. Purchaser, its subsidiaries and to the knowledge of Purchaser,
the Material Purchaser Entities which are not subsidiaries, are in compliance with all
material covenants under, and no material default on the part of any of such parties
exists under, any instrument securing or otherwise relating to any indebtedness of
Purchaser, its subsidiaries and to the knowledge of Purchaser, those Material Purchaser
Entities which are not subsidiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(r)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Environmental</I></B>. Except as Publicly Disclosed by Purchaser, all operations of
Purchaser, its subsidiaries and to the knowledge of Purchaser, the Material Purchaser
Entities which are not subsidiaries have been, and are now being, undertaken in
compliance with all Environmental Laws, except where the failure to be in compliance
would not, individually or in the aggregate, have a Purchaser Material Adverse Effect.
Except as Publicly Disclosed by Purchaser, its subsidiaries and to the knowledge of
Purchaser, the Material Purchaser Entities which are not subsidiaries are in possession
of, and in compliance with, all permits, authorizations, certificates, registrations,
approvals and consents necessary under Environmental Laws to own, lease and operate
their properties and to conduct their respective businesses as they are now being
conducted or as proposed to be conducted, except where the failure to do so would not,
individually or in the aggregate, have a Purchaser Material Adverse Effect. Except as
Publicly Disclosed by Purchaser, none of Purchaser, its subsidiaries and to the
knowledge of Purchaser, the Material Purchaser Entities which are not subsidiaries, is
subject to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any current or threatened proceeding, application, order or
directive which relates to environmental, health or safety matters, and which
may require any material work, repairs, construction or expenditures; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any demand or notice with respect to the breach of any
Environmental Laws applicable to Purchaser, its subsidiaries and the Material
Purchaser Entities which are not subsidiaries, including any regulations
respecting the use, storage, treatment, transportation, or disposition of
Hazardous Substances,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which, in either case, would, individually or in the aggregate, have a Purchaser
Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(s)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Mineral Reserves and Resources</I></B>. The estimated proven and probable mineral
reserves and estimated indicated, measured and inferred mineral resources disclosed in
the Purchaser Public Documents filed on SEDAR as of the year-ended December&nbsp;31, 2007
have been prepared and disclosed in all material respects in accordance with accepted
engineering practices and all applicable Laws. There has been no material reduction in
the aggregate amount of estimated mineral reserves, estimated mineral resources or
mineralized material of Purchaser, its subsidiaries and to the knowledge of Purchaser
the Material Purchaser Entities which are not subsidiaries taken as a whole, from the
amounts disclosed in the Purchaser Public Documents filed on SEDAR as of the year-</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">- 43 -
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ended
December&nbsp;31, 2007 other than as a result of mining activities undertaken in the
ordinary course.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(t)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Employment Matters</I></B>. None of Purchaser, its subsidiaries or to the knowledge of
Purchaser the Material Purchaser Entities which are not subsidiaries has any current,
pending or threatened strikes (including official or unofficial strikes or other labour
relations difficulties), work stoppage, slowdowns or lockouts, union representation or
organizing activities or unlawful labour practices or actions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(u)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Tax Matters</I></B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser, each of its subsidiaries and to the knowledge of
Purchaser each of the Material Purchaser Entities which are not subsidiaries
have timely filed, or caused to be filed, all Tax Returns required to be filed
by them (all of which returns were correct and complete in all material
respects). Purchaser, each of its subsidiaries and to the knowledge of
Purchaser each of the Material Purchaser Entities which are not subsidiaries
have timely paid, collected, withheld or remitted, or caused to be paid,
withheld or
remitted, all material Taxes that are due and payable (including all
instalments on account of Taxes for the current year that are due and
payable by Purchaser, any of its subsidiaries and to the knowledge of
Purchaser the Material Purchaser Entities which are not subsidiaries whether
or not assessed (or reassessed) by the appropriate Governmental Entity).
There are no encumbrances for Taxes (other than Taxes not yet due and
payable or which are being contested in good faith by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto
are maintained on the books of Purchaser in accordance with Canadian GAAP)
upon any of the assets or properties of Purchaser, any of its subsidiaries
and the Material Purchaser Entities which are not subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser has provided adequate accruals in accordance with
Canadian GAAP in its consolidated financial statements for the period from
inception to December&nbsp;31, 2007 for any Taxes for the period covered by such
financial statements that have not been paid, whether or not shown as being due
on any Tax Returns;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>since the publication date of Purchaser&#146;s consolidated
financial statements for the period ending December&nbsp;31, 2007, no material Tax
liability not reflected in such statements or otherwise provided for has been
assessed, incurred, proposed to be assessed or accrued or raised for review or
placed under appeal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser, each of its subsidiaries and to the knowledge of
Purchaser each of the Material Purchaser Entities which are not subsidiaries
has duly and timely withheld from any amount paid or credited by it to or for
the account or benefit of any person the amount of all Taxes and other
deductions required by all applicable Law to be withheld from any such
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 44 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amount
and has duly and timely remitted the same to the appropriate Governmental
Entity; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there are no material proceedings, investigations, audits or
claims now pending or, to the knowledge of Purchaser, threatened against
Purchaser, any of its subsidiaries and, to the knowledge of Purchaser, the
Material Purchaser Entities which are not subsidiaries in respect of any Taxes
and there are no material matters under discussion, audit or appeal with any
Governmental Entity relating to Taxes and no material waivers of statutes of
limitations, statutory limitation periods, agreements or other arrangements
providing for an extension of time with respect to the filing of any Tax Return
or payment of any Taxes have been given or requested with respect to Purchaser,
any of its subsidiaries and, to the knowledge of Purchaser, the Material
Purchaser Entities which are not subsidiaries.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>No Defaults</I></B>. None of Purchaser, nor any of its subsidiaries or, to the
knowledge of Purchaser, the Material Purchaser Entities which are not subsidiaries is
in default under, and there exists no event, condition or occurrence which, after
notice or lapse of time or both, would constitute such a default under, any
contract, agreement, concession or licence to which it is a party or by which it is
bound which would, if terminated or upon exercise of a right made available to a
third party solely by reason of such a default, individually or in the aggregate,
have a Purchaser Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(w)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Sarbanes-Oxley Act and Internal Controls</I></B>. Purchaser and, to the knowledge of
Purchaser, each of the directors and officers of Purchaser are in material compliance
with and have complied in all material respects with the applicable provisions of the
Sarbanes-Oxley Act as they apply to Purchaser. Purchaser has implemented and maintains
a system of internal accounting controls sufficient to provide reasonable assurances
regarding the reliability of financial reporting and the preparation of financial
statements in accordance with Canadian GAAP. Purchaser has implemented and maintains
disclosure controls and procedures (as defined in Rule&nbsp;13a-15(e) of the Exchange Act)
to ensure that material information relating to Purchaser, including its consolidated
subsidiaries, is made known to the Chief Executive Officer, in his capacity as
principal executive officer of Purchaser, and the Chief Financial Officer, in his
capacity as principal financial officer of Purchaser, by others within Purchaser.
Based on its most recent evaluation of internal controls prior to the date hereof,
Purchaser has disclosed to its auditors and audit committee (i)&nbsp;that there were no
significant deficiencies or material weaknesses in the design or operation of internal
controls that are reasonably likely to adversely affect Purchaser&#146;s ability to record,
process, summarize and report financial information, and (ii)&nbsp;that there was no fraud,
whether or not material, that involves management or other employees who have a
significant role in internal controls.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>Investment Canada Act. </I></B>Purchaser is a Canadian entity for purposes of the
<I>Investment Canada Act</I>.
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 45 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4.2 Survival of Representations and Warranties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The representations and warranties of Purchaser contained in this Agreement shall survive the
execution and delivery of this Agreement and shall expire and be terminated and extinguished at the
Transaction Confirmation Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4.3 Disclaimer of Additional Representations and Warranties</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording acknowledges and agrees that, except as expressly set forth in this Agreement or any
certificate delivered by Purchaser in accordance with the terms of this Agreement, Purchaser is not
making any representation or warranty, express or implied, at law or in equity, with respect to
Purchaser, its subsidiaries and the Material Purchaser Entities which are not subsidiaries, their
respective businesses, their financial condition or any of their assets, liabilities or operations,
or their past, current or future profitability or performance, individually or in the aggregate,
and any such other representations or warranties are hereby expressly disclaimed.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 5<BR>
COVENANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>5.1 Press Releases; Filings</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree to use reasonable commercial efforts to consult with each
other in issuing any press releases or otherwise making public statements or public
filings with respect to this Agreement, the Arrangement or the other elements of the
Transaction except with respect to Acquisition Proposals, Superior Proposals or
disagreements under this Agreement. Subject to the requirements of applicable Law,
Fording and Purchaser shall provide each other with a reasonable period of time to
review and comment on all such press releases, public statements or public filings
prior to release thereof. Fording and Purchaser agree to issue jointly or concurrently
with each other a press release with respect to this Agreement as soon as practicable,
in a form acceptable to each Party, acting reasonably.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties will prepare and file as promptly as practicable, and in any event
prior to the expiration of any legal or regulatory deadlines, all necessary documents,
registrations, statements, petitions, filings, supporting evidence and applications,
including the Schedule&nbsp;13E-3, that are required by applicable Law or in order to obtain
the Regulatory Approvals and use their commercially reasonable efforts to obtain and
maintain the Regulatory Approvals.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties shall reasonably cooperate with each other in the preparation of
any applications and filings for the Regulatory Approvals and any other orders,
clearances, consents, rulings, exemptions, certificates, no-action letters and
approvals reasonably deemed by either Purchaser or Fording to be necessary to discharge
their respective obligations under this Agreement or otherwise required or advisable
under applicable Laws in connection with the Arrangement, the other elements of the
Transaction and this Agreement. In connection with the foregoing, each Party shall
furnish, on a timely basis, all information as may be reasonably required by the other
Party or required under applicable Law by any
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 46 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Governmental Entity to effectuate the
foregoing actions, and each covenants that, to its knowledge, no information so
furnished by it in writing shall contain a misrepresentation. Subject to applicable
Law, each of Fording and Purchaser shall provide the other with a reasonable
opportunity to review and comment upon drafts of such applications and filings and
consult with, and consider in good faith any suggestions or comments made by the other
with respect to the documentation relating to the applications and filings for the
Regulatory Approvals, provided that, to the extent any such document contains any
information or disclosure relating to a Party or any affiliate of a Party, such Party
shall have approved such information or disclosure prior to the submission or filing of
any such document (which approval shall not be unreasonably withheld, conditioned or
delayed).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to applicable Laws, the Parties shall cooperate with and keep each
other fully informed as to the status of and the processes and proceedings relating to
obtaining the Regulatory Approvals, and shall promptly notify each other of any
communication from any Governmental Entity in respect of the Arrangement, the other
elements of the Transaction or this Agreement, and shall not make any submissions or
filings, participate in any material meetings or any material conversations with
any Governmental Entity in respect of inquiries related to the Arrangement, the
other elements of the Transaction or this Agreement unless it consults with the
other Party in advance and, to the extent not precluded by such Governmental Entity,
gives the other Party the opportunity to review drafts of any submissions or
filings, or attend and participate in any such meetings or material conversations.
Notwithstanding the foregoing, submissions, filings or other written communications
with any Governmental Entity may be redacted as necessary before being shared with
the other Parties to address reasonable solicitor-client or other privilege or
confidentiality concerns, provided that external legal counsel to Purchaser and
Fording shall receive non-redacted versions of drafts or final submissions, filings
or other written communications to any Governmental Entity on the basis that the
redacted information shall not be shared with their respective clients. The Parties
shall request that the Regulatory Approvals be processed by the applicable
Governmental Entity on an expedited basis and, to the extent that a public hearing
is held, the Parties shall request the earliest possible hearing date for the
consideration of the Regulatory Approvals.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Parties shall promptly notify the other if at any time before the
Effective Time it becomes aware that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any application for a Regulatory Approval or other filing under
applicable Laws, including the Schedule&nbsp;13E-3, made in connection with this
Agreement or the Transaction contains a misrepresentation; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Regulatory Approval or other order, clearance, consent,
ruling, exemption, no-action letter or other approval applied for as
contemplated herein which has been obtained contains or reflects or was
obtained
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 47 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>following submission of any application, filing, document or
submission as contemplated herein that contained a misrepresentation;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such that an amendment or supplement to such application, filing, document or
submission or order, clearance, consent, ruling, exemption, no-action letter or
approval may be necessary or advisable. In such case, the Parties shall cooperate in
the preparation of such amendment or supplement as required.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>5.2 Covenants of Fording</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording covenants and agrees:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>following the execution of this Agreement, promptly suspend,
and not subsequently reinstate, the distribution of Units under the Fording
DRIP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>promptly following the execution of this Agreement, suspend the
grant of further Phantom Units under the Joint Phantom Unit Plan (it being
acknowledged and agreed that in lieu of the grant of further Phantom Units,
Fording will make cash equivalent payments in the ordinary course and in a
manner consistent with past compensation practice, to the Fording Trustees and
the Fording Directors);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>co-operate with Purchaser and the Partnership to take all
action necessary to terminate the TUPP at the Effective Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as soon as reasonably practicable after the execution of this
Agreement but in any event, subject to Section&nbsp;6.4, Section&nbsp;5.6(c) and Section
5.2(f), on or before October&nbsp;31,&nbsp;2008, convene and conduct the Fording Meeting
in accordance with this Agreement, the Interim Order, the Declaration of Trust
and applicable Laws;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prepare and complete, in consultation with Purchaser, the Proxy
Circular together with any other documents required by the Declaration of
Trust, the Interim Order or applicable Laws in connection with the Fording
Meeting and the Arrangement (provided that in any event Fording will have
prepared all materials necessary for filing the application for the Interim
Order with the Court and the Registrar within thirty days after the date of
this Agreement); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no later than 21&nbsp;days prior to the Fording Meeting, cause the
Proxy Circular and other documentation required in connection with the Fording
Meeting to be filed and to be sent to each Securityholder and other persons as
required by the Declaration of Trust, the Interim Order and applicable Laws, in
each case so as to permit the Fording Meeting to be held within the time
required by Section&nbsp;5.2(a)(iv);
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 48 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will ensure that the Proxy Circular complies in all material respects with
all applicable Laws, and, without limiting the generality of the foregoing, that the
Proxy Circular (including with respect to any information incorporated therein by
reference from the Fording Public Documents) will not contain a misrepresentation
(other than with respect to any information furnished by Purchaser for inclusion in the
Proxy Circular) and shall provide Securityholders with information in sufficient detail
to permit them to form a reasoned judgement concerning the matters to be placed before
them at the Fording Meeting;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will include in the Proxy Circular the recommendation of the Fording
Trustees that Unitholders vote in favour of the Arrangement Resolution (it being
understood that such recommendation may be withdrawn, amended, modified or qualified in
the event a Change in Recommendation is made in accordance with Section&nbsp;5.6);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will give Purchaser and its legal counsel a reasonable opportunity to review
and comment on drafts of the Proxy Circular and other documents related thereto, it
being acknowledged and agreed that Fording shall, acting reasonably, determine whether
or not to take account of such comments, provided that all information relating to
Purchaser, its subsidiaries and joint venture interests, or their respective businesses
and properties included in the Proxy Circular shall be in form and content satisfactory
to Purchaser, acting reasonably;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will provide notice to Purchaser of the Fording Meeting and allow
Purchaser&#146;s representatives to attend the Fording Meeting;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to Section&nbsp;6.4 and Section&nbsp;5.6(c) except as required for quorum
purposes or by applicable Laws, it will not postpone or adjourn (or propose any such
adjournment or postponement) the Fording Meeting without Purchaser&#146;s prior written
consent, and in the event of any such postponement or adjournment, it will, as promptly
as practicable, take all steps necessary to thereafter reconvene the Fording Meeting;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will advise Purchaser as Purchaser may reasonably request, and at least on a
daily basis on each of the last ten (10)&nbsp;business days prior to the date of the Fording
Meeting, as to the aggregate tally of the proxies received by Fording in respect of the
Arrangement Resolution;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will promptly advise Purchaser of any written notice of dissent or purported
exercise by any Unitholder of Dissent Rights received by Fording in relation to the
Arrangement Resolution and any withdrawal of Dissent Rights received by Fording and any
written communications sent by or on behalf of Fording to any Unitholder exercising or
purporting to exercise Dissent Rights in relation to the Arrangement Resolution;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in a timely and expeditious manner, and in consultation with Purchaser, it will
prepare and file any amendments or supplements to the Proxy Circular that are
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 49 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>required
by applicable Law or that Fording, acting reasonably, determines to be desirable and
mail the same as required by the Interim Order and in accordance with all applicable
Laws, in all jurisdictions where the same is required, complying in all material
respects with all applicable legal requirements on the date of mailing thereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at the request of Purchaser and provided Purchaser agrees to pay the costs of
such solicitation, it will use commercially reasonable efforts to solicit from the
Securityholders proxies in favour of the Arrangement Resolution, including using the
services of dealers and proxy solicitation services, and will take all other action
that is necessary, desirable or advisable to secure the approval of the Arrangement
Resolution, unless and until the Fording Trustees have changed their recommendation of
the Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will provide legal counsel to Purchaser with a reasonable opportunity to
review and comment upon drafts of all material to be filed with the Court in connection
with the Interim Order and Final Order, and will give reasonable consideration to all
such comments; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will provide legal counsel to Purchaser on a timely basis with copies of any
notice of appearance and evidence served on Fording or any Fording Subsidiary or its
legal counsel in respect of the application for the Final Order or any appeal therefrom
and with copies of any materials filed with the Court by Fording or any Fording
Subsidiary in connection with the Arrangement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>5.3 Further Covenants of Fording</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording covenants and agrees that unless it has received the prior written consent of Purchaser
(such consent not to be unreasonably withheld, conditioned or delayed) or except as expressly
contemplated in this Agreement (including for the avoidance of doubt, the Fording Disclosure
Letter), or the Plan of Arrangement, from the date hereof until the earlier of the Effective Date
and the day upon which this Agreement is terminated in accordance with its terms, Fording shall do
the following and where applicable, shall cause the Fording Subsidiaries to do the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to the terms and conditions of this Agreement, in a timely and
expeditious manner take or cause to be taken all such steps and do or cause to be done
all such acts and things, as are specified in the Interim Order, the Plan of
Arrangement and the Final Order to be taken or done by Fording and the Fording
Subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as soon as reasonably practicable after the date hereof, subject to the
concluding sentence of this Section&nbsp;5.3(b), use all commercially reasonable efforts to
satisfy (or cause the satisfaction of) the conditions precedent to its and Purchaser&#146;s
obligations hereunder set forth in Article&nbsp;6 to the extent the same is within its or
any Fording Subsidiary&#146;s control and to take, or cause to be taken, all other actions
and to do, or cause to be done, all other things necessary, proper or advisable under
all applicable Laws to complete the Arrangement and the other elements of
</TD>
</TR>
</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 50 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the
Transaction as promptly as practicable, including using its commercially reasonable
efforts to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain all Fording Regulatory Approvals;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>respond to any request for information that may be made by any
Governmental Entity so as to enable the Parties to expeditiously complete the
Arrangement and the other elements of the Transaction as promptly as
practicable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>oppose, lift or rescind any injunction or restraining order or
other order, proceeding or action challenging or affecting this Agreement or
the transactions contemplated hereby, or seeking to restrain, enjoin or
prohibit the completion of the Transaction in accordance with the terms hereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain and maintain all approvals, clearances, consents,
registrations, permits, authorizations and other confirmations required to be
obtained from any Governmental Entity or other third party that are necessary,
proper or advisable to consummate the Transaction, including the Third Party
Consents; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>co-operate with Purchaser in connection with the performance by
it of its obligations hereunder.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In connection with the foregoing, it is acknowledged and agreed by the Parties that,
prior to the Effective Time, neither Fording nor any of the Fording Subsidiaries
shall be required to spend material sums of money (other than in connection with the
fees and expenses in connection with the retention of their professional advisors),
agree to any material restriction on their respective businesses or operations,
surrender any material registration, license, permit, authorization or similar
instrument, terminate or modify any material customer or supplier relationship or
divest itself of any asset;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to its commercially reasonable efforts, not take any action or permit
any action to be taken or not taken by any of the Fording Subsidiaries that would
reasonably be expected to prevent or materially impede or delay the completion of the
Arrangement or the other elements of the Transaction or would render, or that
reasonably may be expected to render, any representation or warranty made by it in this
Agreement untrue in any material respect at any time prior to the Transaction
Confirmation Date or the Effective Date if then made;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not do anything that (i)&nbsp;would adversely affect Fording&#146;s status as a &#147;mutual
fund trust&#148; for purposes of the Tax Act or (ii)&nbsp;would cause the definition of a &#147;SIFT
trust&#148; in subsection 122.1(1) of the Tax Act to apply to Fording for any taxation year
ending before 2011;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>use reasonable commercial efforts to provide, and shall use reasonable
commercial efforts to cause its trustees, directors, officers, Employees,
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 51 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>independent
auditors, counsel and other representatives to provide, all such reasonable and timely
cooperation in connection with the arrangement of the debt financing contemplated by
the Debt Commitment Letter as may be reasonably requested by Purchaser, the Lenders or
their affiliates, including but not limited to using its reasonable commercial efforts
to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>participate in meetings, drafting sessions and due diligence
sessions,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>furnish Purchaser and its financing sources with such financial
and other pertinent information regarding Fording and the Fording Subsidiaries
as may be reasonably requested by Purchaser,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>assist Purchaser and its financing sources in the preparation
of an offering document to be used in connection with the debt financing
contemplated
by the Debt Commitment Letter or the refinancing thereof, as well as
presentation materials and materials for rating agency presentations,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reasonably cooperate with the marketing and syndication efforts
of Purchaser and its financing sources;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain reasonable auditors&#146; reports, reasonable comfort letters
and reasonable legal opinions (in each case as are customary), and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide reasonable cooperation to Purchaser to assist it in
satisfying the conditions and obligations of Purchaser set forth in the Debt
Commitment Letter in respect of matters within the control of Fording.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the foregoing, neither Fording nor any Fording Subsidiary will be
required to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pay any commitment, consent or other fee or
incur any other liability in connection with any such financing prior
to the Effective Time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>take any action or do anything that would
contravene any applicable Law, contravene any contract of Fording or
any Fording Subsidiary that relates to borrowed money or would be
capable of impairing or preventing the satisfaction of any condition
set forth in Article&nbsp;6;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>commit to take any action that is not
contingent on the consummation of the Transaction at the Effective
Time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclose any information that in the reasonable
judgment of Fording would result in the disclosure of any trade secrets
or similar information or violate any obligations of the Fording or any
other person with respect to confidentiality; or</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 52 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(E)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cooperate with Purchaser to the extent that it
would unreasonably interfere with the business or operations of Fording
or any of the Fording Subsidiaries.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser agrees to indemnify Fording, its affiliates and their respective trustees,
officers, directors and employees from and against any and all liabilities, losses,
damages, Claims suffered or incurred by any of them in connection with any financing
or potential financing by Purchaser or any actions or omissions by any of them in
connection with any request by Purchaser made under this Section&nbsp;5.3(e) and for any
alleged misstatement or omission in any information provided hereunder at the
request of Purchaser. Purchaser will promptly upon request by Fording and from time
to time reimburse Fording for all reasonable out-of-pocket costs (including legal
fees) incurred by Fording or the Fording Subsidiaries and
their respective advisers, agents and representatives in connection with any of the
foregoing.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to its reasonable commercial efforts, co-operate with Purchaser to take
all such action as may be necessary or advisable to permit all amounts outstanding
under the Fording Credit Agreement to be repaid at the Effective Time and for all
related security and hedging arrangements to be fully discharged and releases related
thereto to be obtained from all applicable lenders at the cost of Purchaser provided
that Fording shall not be required to take any action, or fail to take any action
inconsistent with or that otherwise affects its ability to make a payment under the
Plan of Arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unless expressly required by any contract, agreement or arrangement in effect
on the date hereof or applicable Laws, directly or indirectly, whether by or through
any Fording Subsidiary, do or permit to occur any of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issue, sell, pledge, lease, dispose of, encumber or agree to
issue, sell, pledge, lease, dispose of or encumber any Units, shares,
securities or units of, or any options, warrants, calls, conversion privileges
or similar rights of any kind to acquire any Units, shares, securities or units
of, it or any subsidiary, other than:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issue of Units pursuant to the due exercise
of Exchange Options in accordance with their terms; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issue of securities in connection with the
redemption of Units at the request of a Unitholder, except that Fording
shall not be permitted to distribute, directly or indirectly, any
interest in the Royalty or any general or limited partnership interest
in Fording LP in connection with any such redemption; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issue of Units pursuant to and in
accordance with the terms of the operation of the Joint Phantom Unit
Plan;
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 53 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mortgage, charge, pledge, grant a security interest or encumber
any of the Acquired Assets or sell or dispose of, or agree to sell or dispose
of, any material assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend or propose to amend the Declaration of Trust or their
articles, charter, by-laws or other similar organizational documents of any of
the Fording Subsidiaries or any of the terms of the Joint Phantom Unit Plan,
Exchange Option Plan or the Fording DRIP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>split, combine, reclassify or amend the terms of any of its
outstanding securities or any securities of the Fording Subsidiaries or
declare, set aside or pay any dividend or other distribution payable in cash,
stock, property or otherwise with respect to such securities (other than the
final distribution made by Fording and the Fording Subsidiaries of up to U.S.
$3.00 per Unit pursuant to and in accordance with the Plan of Arrangement);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>redeem, purchase or offer to purchase (or permit any of the
Fording Subsidiaries to redeem, purchase or offer to purchase) any Units
(including by way of issuer bid) or other equity securities of it or any of the
Fording Subsidiaries, except that Fording shall be permitted to redeem Units at
the request of a Unitholder in accordance with the Declaration of Trust, but
shall not be permitted to distribute, directly or indirectly, any interest in
the Royalty or any general or limited partnership interest in Fording LP in
connection with any such redemption;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>repay, redeem, repurchase or retire, or otherwise make any
payment in respect of any indebtedness for borrowed money of it or any of the
Fording Subsidiaries or any debt securities, or any rights, warrants, calls or
options to acquire any debt securities of it or any of the Fording
Subsidiaries, other than in the ordinary course of business in a manner
consistent with past practice or other than as required by their terms as in
effect on the date of this Agreement, or authorize, or make any commitment to
make any new capital expenditure, other than expenses incurred in connection
with the Transaction or the other matters expressly contemplated by this
Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reorganize, amalgamate or merge it or any of the Fording
Subsidiaries with any other person;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adopt a plan of liquidation or resolutions providing for the liquidation or
dissolution of Fording or any of the Fording Subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>acquire or agree to acquire, or make any investment in, any
person (or material interest therein) or division, other than the short term
investment of cash on hand, including by way of merger, amalgamation, plan of
arrangement, acquisition of securities or otherwise;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 54 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>incur or commit to provide guarantees for borrowed money, or
incur or assume any additional indebtedness for borrowed money or any other
material liability or obligation or issue any debt securities, except for
borrowings in the ordinary course of business and consistent with past practice
or other than in connection with the Break Fee in the circumstances
contemplated herein;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(xi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>except as required by Canadian GAAP or applicable Law make,
change or revoke any material election relating to Taxes, change any annual
accounting period, adopt or change any existing accounting practices, or take
any action, or omit to take any action, in either case inconsistent with past
practice, relating to the filing of any Tax Return or the payment of any Tax;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(xii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>except as otherwise expressly provided in this Section&nbsp;5.3,
pay, settle, discharge or satisfy any material claim, liability or obligation
(whether absolute, accrued, asserted or unasserted, contingent or otherwise),
other than in the ordinary course of business and in a manner consistent with
past practice;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(xiii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>except as otherwise provided in Section&nbsp;5.8, amend, modify or terminate any
insurance policy in effect on the date hereof; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(xiv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>agree, resolve or commit to do any of the foregoing;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not enter into or modify any employment, severance, collective bargaining or
similar agreement, policy or arrangement with, or grant any bonus, salary increase,
stock option, pension or supplemental pension benefit, profit sharing, retirement
allowance, deferred compensation, incentive compensation, severance or termination pay
to, or make any loan to, any of its Employees, trustees, officers or directors other
than payments to the Fording Trustees and the Fording Directors on suspension of the
grant of Phantom Units under the Joint Phantom Unit Plan in the manner contemplated
herein;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>use its reasonable commercial efforts to cause its current insurance (or
re-insurance) policies not to be cancelled or terminated or any of the coverages
thereunder to lapse, unless simultaneously with such termination, cancellation or
lapse, replacement policies underwritten by insurance and re-insurance companies of
nationally recognized standing providing coverage equal to or greater than the coverage
under the cancelled, terminated or lapsed policies for substantially similar premiums
are in full force and effect;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unless expressly required by a Material Contract or applicable Laws, continue
to carry on its and each Fording Subsidiary&#146;s business and operations in the usual and
ordinary course in a manner consistent with past practice, and shall use its reasonable
commercial efforts to preserve intact its and each Fording Subsidiary&#146;s business
organizations and goodwill;
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 55 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>promptly notify Purchaser in writing of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any material adverse change or material adverse effect, or any
change, effect, event, development, occurrence, circumstance or state of facts
which would reasonably be expected to become a material adverse change or
material adverse effect; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of any material Governmental Entity complaints, investigations,
hearings or any material third party litigation, (or communications indicating
that the same may be contemplated or threatened);</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not settle or compromise any claim (including any exercise of Dissent Rights)
brought by any present, former or purported holder of any of its securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>authorize any waiver, release or relinquishment of any material
contractual right; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>modify in any material fashion in a manner adverse to Fording
or terminate any Material Contract;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>promptly advise Purchaser in writing:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if it or any Fording Subsidiary becomes aware that the Proxy
Circular or any application for an order in connection with the Transaction
contains any misrepresentation or otherwise requires an amendment or
supplement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of any event, condition or circumstance that would reasonably
be expected to cause any representation or warranty made by it in this
Agreement to be untrue or inaccurate in any material respect at any time prior
to the Transaction Confirmation Date or the Effective Date (or, in the case of
any representation or warranty made as of a specified date, as of such
specified date);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of any material breach by it of any covenant, obligation or
agreement contained in this Agreement; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to its reasonable commercial efforts, cooperate with Purchaser to
secure, effective on the Effective Date, resignations of all individuals who are
currently Fording Trustees, Fording Directors, officers of Fording or directors or
officers of the Fording Subsidiaries, together with duly executed comprehensive mutual
releases from each such individual, and, as applicable, Fording or the Fording
Subsidiary, of all of their claims, respectively, against Fording and the Fording
Subsidiaries (except for any claims for unpaid remuneration, including bonus, severance
and change of control payments) on the one hand, and a release by Fording or the
Fording Subsidiary of all claims against such person on the other hand.
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 56 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>5.4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General Covenants and Acknowledgments of Purchaser</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser covenants and agrees that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to the terms and conditions of this Agreement, it will in a timely and
expeditious manner take all such steps and do all such acts and things, as are
specified in the Interim Order, the Plan of Arrangement and the Final Order to be taken
or done by Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall (subject to its commercially reasonable efforts) not take any action,
or permit any of its subsidiaries to take any action that would reasonably be expected
to prevent or materially impede or delay the completion of the Arrangement or the other
elements of the Transaction or would render, or that reasonably may be
expected to render, any representation or warranty made by it in this Agreement
untrue in any material respect at any time prior to the Transaction Confirmation
Date or the Effective Date if then made;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall promptly notify Fording in writing of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any material Governmental Entity complaints, investigations,
hearings or any material third party litigation relating to or affecting the
Arrangement or the Transaction (or communications indicating that the same may
be contemplated or threatened);</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall, subject to its commercially reasonable efforts, take all necessary
action to ensure that it has sufficient funds, in excess of those expected to be made
available as part of the Debt Financing, to carry out its obligations under this
Agreement, the Arrangement and the other elements of the Transaction and to pay all
related fees and expenses;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as soon as reasonably practicable after the date hereof, it shall, subject to
the concluding sentence of this Section&nbsp;5.4(e), use all commercially reasonable efforts
to satisfy (or cause the satisfaction of) the conditions precedent to its obligations
hereunder set forth in Article&nbsp;6 to the extent the same is within its control
(including voting all Units held by it or over which it or its affiliates exercises
direction or control) and to take, or cause to be taken, all other actions and to do,
or cause to be done, all other things necessary, proper or advisable under all
applicable Laws to complete the Arrangement and the other elements of the Transaction
as promptly as practicable, including using its commercially reasonable efforts to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain all Purchaser Regulatory Approvals;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>respond to any request for information that may be made by any
Governmental Entity so as to enable the Parties to expeditiously complete the
Arrangement and the other elements of the Transaction as promptly as
practicable;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 57 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>oppose, lift or rescind any injunction or restraining order or
other order, proceeding or action challenging or affecting this Agreement or
the transactions contemplated hereby, or seeking to restrain, enjoin or
prohibit the completion of the Transaction in accordance with the terms hereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obtain and maintain all approvals, clearances, consents,
registrations, permits, authorizations and other confirmations required to be
obtained from any Governmental Entity or other third party that are necessary,
proper or advisable to consummate the Transaction; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>co-operate with Fording in connection with the performance by
it of its obligations hereunder.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In connection with the foregoing, it is acknowledged and agreed by the Parties that,
prior to the Effective Time, neither the Purchaser nor any of its affiliates shall
be required to spend material sums of money (other than in connection with fees and
expenses in connection with the retention of their professional advisors) agree to
any material restriction on their respective businesses or operations, surrender any
material registration, license, permit, authorization or similar instrument,
terminate or modify any material customer or supplier relationship or divest itself
of any material asset;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall (subject to its commercially reasonable efforts) not take any action
that would reasonably be expected to prevent or materially impede or delay the
completion of the Arrangement or the other elements of the Transaction, or would
render, or that reasonably may be expected to render, any representation or warranty
made by it in this Agreement untrue in any material respect at any time prior to the
Transaction Confirmation Date or the Effective Date if then made;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in a timely and expeditious manner, it shall provide to Fording all
information, including any <I>pro forma </I>financial statements prepared in accordance with
applicable Laws, as may be reasonably requested by Fording or as required by the
Interim Order or applicable Laws with respect to Purchaser, its subsidiaries and joint
venture interests and their respective businesses and properties for inclusion in the
Proxy Circular or in any amendments or supplements to such Proxy Circular complying in
all material respects with all applicable Laws on the date of mailing thereof and shall
ensure such information does not, and represents and warrants that it will not, contain
any misrepresentation. Notwithstanding the generality of the foregoing, Purchaser shall
execute reasonable certificates as to factual matters and provide such information to
counsel reasonably necessary such that counsel can provide the tax opinions and tax
disclosure in the Proxy Circular customary for an arrangement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall use its commercially reasonable efforts to cause any of its
independent auditors, qualified persons and any other advisors providing any expert
information, including <I>pro forma </I>financial statements or technical reports (if legally
required), for inclusion in the Proxy Circular to furnish to Fording a
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 58 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>consent
permitting such inclusion and the identification in the Proxy Circular of such advisor;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>from the date hereof until the earlier of the Effective Date and the day upon
which this Agreement is terminated in accordance with its terms, it shall, unless it
has received the prior written consent of Fording, (such consent not to be unreasonably
withheld, conditioned or delayed), or except as expressly contemplated in this
Agreement or required by a contract, agreement or arrangement in effect on the date
hereof or applicable Laws, continue to carry on its business and operations in the
usual and ordinary course in a manner consistent with past practice, and shall use its
reasonable commercial efforts to preserve intact its business organizations and
goodwill, and it shall not unless it has received the prior written consent of Fording,
(such consent not to be
unreasonably withheld, conditioned or delayed), or except as expressly contemplated
in this Agreement, or unless expressly required by any contract, agreement or
arrangement in effect on the date hereof or applicable Laws, do or permit to occur
any of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>split, combine, reclassify or amend the terms of any of its
outstanding securities or declare, set aside or pay any dividend or other
distribution payable in cash, stock, property or otherwise with respect to such
securities, except for (A)&nbsp;cash dividends consistent with past practice and in
the ordinary course, in each case with usual declaration, record and payment
dates and in accordance with Purchaser&#146;s current dividend policy and (B)
dividends or distributions paid to Purchaser or any its subsidiaries by any
subsidiary of Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issue or sell or agree to issue or sell any Purchaser Shares or
any options, warrants, calls, conversion privileges or similar rights of any
kind to acquire any Purchaser Shares, other than:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issuances of Purchaser Shares upon the exercise
of stock options outstanding on the date hereof or issued after the
date hereof in compliance with the terms of this Agreement in
accordance with their present terms;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>grants of options, restricted shares, and/or
deferred stock units to its employees and directors in the ordinary
course of business consistent with past practice; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issuances of Purchaser Shares required pursuant
to the conversion of convertible securities outstanding on the date
hereof; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issuances of Purchaser Shares or securities
convertible, directly or indirectly, for Purchaser Shares in connection
with any refinancing by Purchaser of the Debt Financing;
</TD>
</TR>
</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 59 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amend its articles of incorporation, by-laws or other similar
organizational documents;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reorganize, amalgamate or merge with any other person, other
than one or more wholly-owned subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adopt a plan or agreement of complete or partial liquidation,
dissolution, merger, consolidation, amalgamation, restructuring,
recapitalization or other material reorganization (other than a merger,
amalgamation or consolidation between or only involving wholly-owned
subsidiaries of Purchaser); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>agree, resolve or commit to do any of the foregoing;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will cause the Managing Partner to manage the Partnership in the ordinary
course and, subject to compliance with the then current Approved Plan (as such term is
defined in the EVCP Partnership Agreement), in a manner consistent with past practice,
and otherwise in full compliance with the EVCP Partnership Agreement and applicable
Laws;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall ensure that the Purchaser Shares to be issued in accordance with the
Arrangement will, immediately following issuance, be listed and posted for trading on
the TSX and NYSE;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall promptly advise Fording in writing of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any event, condition or circumstance that might reasonably be
expected to cause any representation or warranty of Purchaser contained in this
Agreement to be untrue or inaccurate in any material respect on the Transaction
Confirmation Date or the Effective Date (or, in the case of any representation
or warranty made as of a specified date, as of such specified date);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any material breach by Purchaser of any covenant, obligation or
agreement contained in this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Purchaser Material Adverse Effect or any change, effect,
event, development, occurrence, circumstance or state of facts which would
reasonably be expected to become a Purchaser Material Adverse Effect; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any material change with respect to the debt financing
contemplated by the Debt Commitment Letter. Without limiting the generality of
the foregoing, the Purchaser agrees to notify Fording promptly, and in any
event within 24 hours, if at any time prior to the Effective Time: (A)&nbsp;the Debt
Commitment Letter will expire or be terminated for any reason; (B)&nbsp;any event
occurs that, with or without notice, lapse of time or both, would individually
or in the aggregate, constitute a default or breach on
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 60 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the part of Purchaser
under any material term or condition of the Debt Commitment Letter or under any
agreement or instrument contemplated therein or if Purchaser has any reason to
believe that it will be unable to satisfy, on a timely basis, any term or
condition of any funding arrangements contemplated by the Debt Commitment
Letter required to be satisfied by it, that in each case would reasonably be
expected to impair the ability of Purchaser to consummate the debt financing
contemplated by the Debt Commitment Letter; or (C)&nbsp;any financing source that is
a party to the Debt Commitment Letter advises Purchaser, whether orally or in
writing, that such source either no longer intends to provide or underwrite any
financing contemplated by the Debt Commitment Letter on the terms set forth in
the Debt Commitment Letter or requests amendments or waivers thereto that are
or could reasonably be expected to be materially
adverse to the timely completion by Purchaser of the transactions
contemplated by this Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in connection with the Debt Commitment Letter:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall use its best efforts to arrange and obtain the debt
financing contemplated by the Debt Commitment Letter as soon as reasonably
practicable, but in any event prior to October&nbsp;31, 2008, on the terms and
conditions described therein. Purchaser shall deliver to Fording correct and
complete copies of such executed definitive agreements and documentation
promptly when available and drafts thereof from time to time upon the
reasonable request by Fording;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall use its best efforts to satisfy, on a timely basis, in
all material respects all covenants, terms, representations and warranties and
conditions in the Debt Commitment Letter that are within its control;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other than as specifically contemplated in this Agreement,
Purchaser shall not, without the prior written consent of Fording, take any
action or enter into any transaction, including any merger, acquisition, joint
venture, disposition, lease, contract or debt or equity financings, that would
reasonably be expected to prevent or materially impede or delay Purchaser in
obtaining the debt financing contemplated by the Debt Commitment Letter or
prevent, materially impede or delay its ability to complete the Transaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall not amend or alter, or agree to amend or alter, the
Debt Commitment Letter or any other definitive agreement or documentation
related thereto in any manner that would reasonably be expected to prevent,
materially impede or delay the completion of the Transaction, in each case
without the prior written consent of Fording; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the Debt Commitment Letter is terminated or modified in a
manner materially adverse to Purchaser&#146;s ability to complete the Transaction
for
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 61 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any reason, Purchaser shall use commercially reasonable efforts to: (A)
obtain, as promptly as practicable, and, once obtained, provide Fording with a
copy of, one or more new debt financing commitments in replacement of the Debt
Financing and in an amount substantially similar to the amount anticipated to
be available under the Debt Financing, that is not subject to any condition
precedent materially less favourable from the perspective of Fording than the
conditions precedent contained in the Debt Commitment Letter (provided that
Purchaser shall not be required to use any efforts to obtain any commitments
that are on terms materially less favourable to Purchaser, as determined in the
reasonable judgment of Purchaser, than those in the Debt Commitment Letter);
(B)&nbsp;negotiate and enter into definitive credit, loan or other agreements and
all required documentation with such third parties as may be necessary for
Purchaser
to obtain such funds on terms and conditions consistent with such new debt
financing commitments, as soon as reasonably practicable but in any event
prior to October&nbsp;31, 2008, and deliver to Fording correct and complete
copies of such executed definitive agreements and documentation promptly
when available; and (C)&nbsp;satisfy, on a timely basis, in all material respects
all covenants, terms, representations and warranties and conditions
applicable to Purchaser in respect of such new debt financing commitments
and all other required agreements and documentation related thereto. Any
such replacement commitments shall be deemed to constitute the Debt
Commitment Letter for the purposes of this Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>5.5</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Covenants Regarding Non-Solicitation</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as expressly provided in this Section&nbsp;5.5 and Section&nbsp;5.6, from and
after the date of this Agreement, Fording shall not, directly or indirectly, through
any officer, trustee, director, employee, representative (including any financial or
other advisor) or agent of Fording or any of the Fording Subsidiaries (collectively,
&#147;<B>Fording Representatives</B>&#148;):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>solicit, assist, initiate, encourage or otherwise in any way
facilitate (including by way of furnishing information, or entering into any
form of written or oral agreement, arrangement or understanding) any
Acquisition Proposal or any inquiries, proposals or offers regarding any
Acquisition Proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>participate in any discussion or negotiations regarding, or
furnish to any person any confidential information with respect to, any
Acquisition Proposal or potential Acquisition Proposal or otherwise co-operate
in any way with, or assist or participate in, facilitate or encourage, any
effort or attempt by any person to make an Acquisition Proposal or potential
Acquisition Proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make a Change in Recommendation;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 62 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>accept, approve, agree to, endorse, recommend, or propose
publicly to accept, approve, agree to, endorse, recommend any Acquisition
Proposal; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>accept, approve, agree to, endorse or recommend or enter into,
or publicly propose to accept, approve, agree to, endorse or recommend or enter
into, any agreement in respect of an Acquisition Proposal,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provided however that, notwithstanding any provision of this Agreement, if at any
time following the date of this Agreement and prior to obtaining the Requisite Level
of Approval, Fording receives a written Acquisition Proposal that did not result
from a breach of this Section&nbsp;5.5, that the Fording Trustees determine in good
faith, after receiving advice from their financial advisors and outside legal
counsel, is or could reasonably be expected to lead to a Superior Proposal, then
Fording may furnish information including providing access to the Virtual Data Room
to the person making such Acquisition Proposal and/or enter into, participate,
facilitate and maintain discussions or negotiations with, and otherwise cooperate
with or assist, the person making such Acquisition Proposal (but, subject to Section
5.6, not approve, recommend, accept or enter into any agreement (other than a
confidentiality agreement as contemplated below), arrangement or understanding with
respect to such Acquisition Proposal), provided that prior to entering into
discussions or negotiations with any person regarding the Acquisition Proposal,
Fording notifies Purchaser of its determination that such Acquisition Proposal is or
could reasonably be expected to lead to a Superior Proposal and otherwise complies
with its obligations under this Section&nbsp;5.5 and Section&nbsp;5.6, and provided that
Fording shall not, and shall not allow the Fording Subsidiaries or the Fording
Representatives to, disclose any non-public information to such person without
having entered into a confidentiality agreement with such person (a draft copy of
which confidentiality agreement shall be provided to Purchaser prior to its
execution) containing confidentiality covenants and standstill obligations
substantially similar to those set out in the Confidentiality Agreement and provided
further that Fording shall promptly provide to Purchaser any non-public information
concerning Fording or the Fording Subsidiaries or any of their assets provided to
such other person that has not previously been made available to Purchaser.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall, and shall cause the Fording Subsidiaries and the Fording
Representatives to, immediately cease and cause to be terminated any solicitation,
encouragement, discussion or negotiation with any persons (other than the Purchaser)
conducted heretofore by Fording, the Fording Subsidiaries or any of the Fording
Representatives with respect to any Acquisition Proposal or potential Acquisition
Proposal, and, in connection therewith, Fording will discontinue access to the Virtual
Data Room (and not establish or allow access to any other data rooms, virtual or
otherwise or otherwise furnish information other than as permitted in paragraph (a)
above) and shall as soon as possible request, to the extent that it is entitled to do
so, the return or destruction of all confidential information regarding Fording, the
Fording Subsidiaries or the Partnership
</TD>
</TR>
</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 63 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>previously provided to any such person or any
other person and will request, to the extent it is entitled to do so, the destruction
of all material including or incorporating or otherwise reflecting any confidential
information regarding Fording, the Fording Subsidiaries or the Partnership. Fording
agrees that it will not terminate, waive, amend or modify any provision of any existing
confidentiality agreement relating to an Acquisition Proposal or potential Acquisition
Proposal, or any standstill agreement to which it or any of the Fording Subsidiaries is
a party. In this regard, the Parties agree that any deemed amendment or modification
to any aforementioned confidentiality agreement or standstill agreement resulting from
the entering into of this Agreement or the Confidentiality Agreement without further
action by Fording will not constitute an amendment or modification of such agreement
for purposes of this paragraph.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall promptly (and in any event within 24 hours) notify Purchaser (at
first orally and then in writing) of any Acquisition Proposal (or any amendment
thereto) or any request for non-public information relating to Fording or any of the
Fording Subsidiaries or any of their assets of which Fording or any of the Fording
Representatives are or become aware, or any amendments to the foregoing. Such notice
shall include a copy of any written Acquisition Proposal (and any amendment thereto)
which has been received or, if no written Acquisition Proposal has been received, a
description of the material terms and conditions of, and the identity of the person
making, any inquiry, proposal, offer or request. Fording shall also provide such
further and other details of the Acquisition Proposal or any amendment thereto as
Purchaser may reasonably request. Fording shall keep Purchaser promptly and fully
informed of the status, including any change to the material terms, of any Acquisition
Proposal or any amendment thereto, shall respond promptly to all inquiries by Purchaser
with respect thereto, and shall provide to Purchaser copies of all material
correspondence and other written material sent or provided to Fording by any person in
connection with such inquiry, proposal, offer or request or sent or provided by Fording
to any person in connection with such inquiry, proposal, offer or request.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall reaffirm its recommendation of the Transaction to be effected by
the Arrangement by press release promptly (having regard, where applicable, to the
requirement for Fording to convene a meeting of the Fording Trustees) in the event
that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Acquisition Proposal which is publicly announced is
determined not to be a Superior Proposal; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Parties enter into an amended Agreement pursuant to
Section&nbsp;5.6(b) which results in any Acquisition Proposal not being a Superior
Proposal.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall ensure that the Fording Subsidiaries and the Fording
Representatives are aware of the provisions of this Section&nbsp;5.5, and it shall be
responsible for any breach of such provisions by any of them.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">- 64 -
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the foregoing, nothing in this Agreement shall prevent the
Fording Trustees from responding through a trustees&#146; circular or otherwise as required
by applicable Laws to an Acquisition Proposal that they determine is not a Superior
Proposal.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.6</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Notice by Fording of Superior Proposal Determination</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording covenants that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it shall not accept, approve, agree to, endorse, recommend or
enter into any agreement in respect of an Acquisition Proposal (a &#147;<B>Proposed
Agreement</B>&#148;) (other than a confidentiality agreement in accordance with Section
5.5(a))&nbsp;unless:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Acquisition Proposal constitutes a Superior
Proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has complied with Section&nbsp;5.5 and
Section&nbsp;5.6;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has provided Purchaser with notice in
writing that there is a Superior Proposal together with all
documentation comprising such Acquisition Proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a period of at least eight (8)&nbsp;business days
(the &#147;<B>Matching Period</B>&#148;) shall have elapsed from the later of the date
(i)&nbsp;Purchaser received notice of Fording&#146;s proposed determination to
accept, approve, recommend or enter into any agreement relating to such
Superior Proposal (other than a confidentiality agreement in accordance
with Section&nbsp;5.5(a)), and (ii)&nbsp;Purchaser received a true and complete
copy of the Acquisition Proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(E)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if Purchaser has proposed to amend the terms of
this Agreement in accordance with Section&nbsp;5.6(b) hereof, the Fording
Trustees (after receiving advice from their financial advisors and
outside legal counsel) shall have determined in good faith that the
Acquisition Proposal continues to constitute a Superior Proposal after
taking into account such amendments; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(F)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prior to entering into an agreement relating to
such Superior Proposal (other than a confidentiality agreement in
accordance with Section&nbsp;5.5(a)), Fording shall have terminated this
Agreement pursuant to Section&nbsp;8.1(f) and paid to Purchaser the Break
Fee pursuant to Section&nbsp;8.2.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Fording Trustees shall not, after the public announcement
of an Acquisition Proposal in respect of which no Proposed Agreement has been
or is proposed to be entered into (an &#147;<B>Announced Acquisition Proposal</B>&#148;)
make a Change in Recommendation or accept, approve, agree to, endorse or
recommend any Announced Acquisition Proposal unless:</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 65 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Announced Acquisition Proposal constitutes
a Superior Proposal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has provided Purchaser with not less
than eight (8)&nbsp;business days prior written notice that the Fording
Trustees intend to make a Change in Recommendation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording has complied with Section&nbsp;5.5 and
Section&nbsp;5.6 with respect thereto; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if Purchaser has proposed to amend the terms of
this Agreement in accordance with Section&nbsp;5.6(b) hereof, the Fording
Trustees (after receiving advice from their financial advisors and
outside legal counsel) shall have determined in good faith that the
Announced Acquisition Proposal continues to constitute a Superior
Proposal after taking into account such amendments.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the Matching Period, Fording acknowledges that Purchaser shall have the
opportunity, but not the obligation, to offer to amend the terms of this Agreement and
the Arrangement, and Fording shall co-operate with Purchaser with respect thereto,
including negotiating in good faith with Purchaser to enable Purchaser to propose such
adjustments to the terms and conditions of the Agreement and the Arrangement as
Purchaser deems appropriate. The Fording Trustees will review any offer by Purchaser to
amend the terms of this Agreement and the Arrangement in good faith in order to
determine, after seeking the advice of their financial advisors and outside legal
counsel, whether any such amended offer upon acceptance by Fording would result in such
Superior Proposal ceasing to be a Superior Proposal. If the Fording Trustees so
determine, Fording will enter into an amended agreement with Purchaser reflecting
Purchaser&#146;s amended proposal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If Fording provides Purchaser with notice under Section&nbsp;5.6(a)(i)(C) or
5.6(a)(ii)(B) on a date that is less than eight (8)&nbsp;business days before the date of
the Fording Meeting, subject to applicable Laws, Fording shall postpone or adjourn the
Fording Meeting to a date that is at least two business days and not more than ten (10)
business days following the expiry of the Matching Period or the eight (8)&nbsp;business day
period referred to in Section&nbsp;5.6(a)(ii)(B), as applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording acknowledges and agrees that each successive modification of any
Acquisition Proposal or Superior Proposal shall constitute a new Acquisition Proposal
or Superior Proposal for purposes of Section&nbsp;5.6(a).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser agrees that if there is an Acquisition Proposal that is a Superior
Proposal and that would otherwise be subject to the right of first offer under the Teck
Agreement or the EVCP Partnership Agreement, and Purchaser does not exercise its right
under Section&nbsp;5.6(b) to amend the terms of this Agreement, then,
effective&nbsp;upon payment of the Break Fee pursuant to Section&nbsp;8.2, Purchaser hereby
waives all rights of first offer under the Teck Agreement and the EVCP</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 66 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Partnership Agreement in respect of such Acquisition Proposal. For greater certainty, except as
expressly provided herein, Purchaser does not waive or relinquish any right of first
offer under the Teck Agreement or the EVCP Partnership Agreement, which rights of
first offer shall continue in accordance with their terms.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.7</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Access to Information</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Section&nbsp;5.7(c) and applicable Laws, upon reasonable notice, Fording
shall (and shall cause each of the Fording Subsidiaries to) afford Purchaser&#146;s
officers, employees, counsel, accountants and other authorized representatives and
advisors (including, without limitation, any underwriters with regard to any debt or
equity offerings Purchaser may choose to undertake prior to Closing, and each such
underwriters&#146; counsel) (&#147;<B>Purchaser Representatives</B>&#148;) reasonable access, during normal
business hours from the date hereof until the earlier of the Effective Time or the
termination of this Agreement, to its and the Fording Subsidiaries&#146; financial or
accounting records, books, contracts and records (including technical, geological and
engineering data) as well as to its management and other personnel, and, during such
period, Fording shall (and shall cause each of the Fording Subsidiaries to) furnish
promptly to Purchaser all information in the possession of Fording or any of the
Fording Subsidiaries concerning Fording&#146;s and the Fording Subsidiaries&#146; business,
operations, investments and personnel as Purchaser may reasonably request. Nothing in
the foregoing shall require Fording to disclose information subject to a written
confidentiality agreement with third parties, or customer-specific or competitively
sensitive information, except that such information will be shared with counsel for the
Purchaser on an outside counsel only basis if reasonably necessary in order to obtain
the Regulatory Approvals.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording agrees to (i)&nbsp;consult and co-operate in a reasonable manner with
Purchaser with respect to any of the foregoing matters and (ii)&nbsp;keep Purchaser informed
as to the status of any matters relating to material litigation to which Fording is a
party.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser acknowledges and agrees that information provided by Fording to it
under Section&nbsp;5.5(c) and this Section&nbsp;5.7 is confidential and that Purchaser and the
Purchaser Representatives shall keep such information confidential.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchaser shall keep confidential all Personal Information disclosed to it
by the Purchaser or its Representatives.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.8</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Trustees&#146; Directors&#146; and Officers&#146; Indemnification</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser shall ensure that the Declaration of Trust, as well as the by-laws
and other charter documents of any of the Fording Subsidiaries and any entity
continuing following any amalgamation, merger, plan of arrangement, consolidation or
winding-up of Fording or any of the Fording Subsidiaries with or</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 67 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>into one or more persons (a &#147;<B>Continuing Entity</B>&#148;) shall contain provisions with respect to
indemnification that are no less favourable to the persons entitled to
indemnification under the Declaration of Trust and the charter documents of the
Fording Subsidiaries at the Effective Time, as applicable (&#147;<B>Fording Indemnified
Persons</B>&#148;) as compared to those rights of indemnification in favour of Fording
Indemnified Parties contained in the Declaration of Trust and in the charter
documents of the Fording Subsidiaries at the Effective Time, as applicable, which
provisions shall not be amended, repealed or otherwise modified for a period of six
years from the Effective Date in any manner that would adversely affect the rights
thereunder of any Fording Indemnified Persons, and, subject to applicable Law,
Purchaser shall ensure that the obligations of Fording or any of the Fording
Subsidiaries under any indemnification agreements between Fording or any of the
Fording Subsidiaries on the one hand and any of their respective Fording Indemnified
Persons on the other hand continue in place and are assumed by, if applicable, any
Continuing Entity (the rights of indemnification in favour of the Fording
Indemnified Persons described in this Section&nbsp;5.8(a) are collectively referred to as
the &#147;<B>Charter and Contractual Indemnification Rights</B>&#148;).</TD>
</TR>
<tr>
<TD style="font-size:6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser agrees that Fording shall, prior to the Effective Time, purchase and
maintain for the period from the Effective Time until six years after the Effective
Time on a &#147;trailing&#148; (or &#147;run-off&#148;) basis, a prepaid, non-cancellable trustees&#146;,
directors&#146; and officers&#146; insurance policy for the benefit of all Fording Indemnified
Persons, covering claims made prior to or within six years after the Effective Time, on
terms and conditions which are no less advantageous to such persons than to Fording&#146;s
existing trustees&#146; and officers&#146; insurance policies, and in compliance with all
indemnification agreements in effect at the Effective Time and providing coverage of an
amount no less than (but not materially more than) such existing policies for all such
persons (the &#147;<B>Trailing D&#038;O Coverage</B>&#148;).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.9</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Winding-Up of Fording</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Parties acknowledge that subsequent to the completion of the steps comprising the Plan of
Arrangement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording will have no material assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Residual Liabilities shall have been assumed by Purchaser and/or Acquiror;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording will have no further obligations to the Securityholders and all of the
Units and Exchange Options outstanding at the Effective Time will have been cancelled;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall have no further obligations under the Exchange Option Plan, the
Fording DRIP or the Joint Phantom Unit Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Corporate Trustee shall be the sole Trustee of Fording and the directors of
Fording ULC shall be those persons designated by the Purchaser; and</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 68 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the residual beneficiary of Fording will be a person designated by the
Purchaser.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Accordingly, Purchaser covenants and agrees that it will, following the Effective Date, cause the
Corporate Trustee to take, or cause to be taken, all reasonable actions and to do, or cause to be
done, all things reasonably necessary, proper or advisable in order to provide for the wind-up and
termination of Fording, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>filing all final Tax Returns of Fording,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>providing notices and information in respect of Tax matters to
the former holders of Units,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>causing the Units to cease to be listed on the TSX and NYSE,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>causing Fording to cease to be a reporting issuer (or the
equivalent thereof) in the applicable jurisdictions,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>de-registering the Units under the Exchange Act; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discharging the Residual Liabilities.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All costs, expenses and liabilities associated with the winding up and termination of Fording as
aforesaid including undertaking the actions enumerated at items (i)&nbsp;through (vi)&nbsp;above shall be the
sole responsibility of Purchaser.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.10</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Indemnification Obligations</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Time, the Purchaser shall indemnify and save
harmless each of the Fording Trustees, the Fording Directors, the officers of Fording
and the respective directors, officers and employees of the Fording Subsidiaries
(collectively referred to as the &#147;<B>Fording Indemnified Parties</B>&#148;) from and against all
Claims, whether or not arising due to third party Claims and whether or not in respect
of the period preceding or following the Effective Time, which may be made or brought
against the Fording Indemnified Parties, or any of them, or which they may suffer or
incur, directly or indirectly as a result of or in connection with or relating to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any non fulfillment or breach of any covenant or agreement on
the part of Purchaser contained in this Agreement or in any certificate or
other document furnished by or on behalf of Purchaser pursuant to this
Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any act undertaken or failed to be undertaken by any Fording
Indemnified Party in their capacity as a trustee, director or officer of
Fording or any Fording Subsidiary including in connection with the Transaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Residual Liabilities; and</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 69 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any information furnished by Purchaser for inclusion in the
Proxy Circular containing any misrepresentation or alleged misrepresentation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the case only of the Fording Trustees, the Fording Directors and the
directors and officers of the Fording Subsidiaries, the indemnity provided at Section
5.10(a)(ii) shall only be available to the extent that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such persons acted with a view to the best interest of Fording
or the Fording Subsidiaries, as the case may be, provided that such persons
shall be deemed, absent compelling evidence to the contrary, to have acted with
a view to the best interests of Fording or the Fording Subsidiaries, as the
case may be, and the Purchaser shall have the burden of establishing an absence
of good faith on the part of such persons, provided further that, the knowledge
and/or actions or failure to act, of any other trustee, director, officer or
agent of Fording, any Fording Subsidiary or any other entity, shall not be
imputed to such persons for the purposes of determining the right to
indemnification; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of a criminal or administrative action or
proceeding that is enforced by a monetary penalty, such persons had reasonable
grounds for believing their conduct was lawful.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provisions of Section&nbsp;5.10 are in addition to the existing indemnities and
protections provided by the Charter and Contractual Indemnification Rights and the
Trailing D&#038;O Coverage.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchaser acknowledges that those Fording Trustees serving in such capacity
on the date of this Agreement are acting as trustee and agent for the Fording
Indemnified Parties, on whose behalf and for whose benefit the indemnity in this
Section&nbsp;5.10 is provided and that the Fording Indemnified Parties shall have the full
right and entitlement to take the benefit of and enforce such indemnity notwithstanding
that they may not individually be parties to this Agreement. The Purchaser agrees that
those Fording Trustees serving in such capacity at the date of this Agreement may
enforce the indemnity provided for herein for and on behalf of the Fording Indemnified
Parties and, in such event, the Purchaser will not in any proceeding to enforce the
indemnity by or on behalf of such Fording Indemnified Parties assert any defence
thereto based on the absence of authority or consideration or privity of contract and
irrevocably waives the benefit of any such defence.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.11</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Pre-Arrangement Wind-Up of Fording LLC</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording covenants and agrees to cause Fording LLC to be wound-up and, to the extent practicable in
the circumstances, dissolved prior to the Effective Time, all in accordance with applicable Laws so
as to cause all of the assets and obligations of Fording LLC, including all of
the then issued and outstanding equity securities of Fording ULC, to be distributed to or assumed
by Fording in connection therewith.
</DIV>

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 70 - <!-- /Folio -->



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.12</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Treatment of Fording Officers following the Effective Time</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Purchaser acknowledges and agrees that pursuant to the operation of the (i)&nbsp;that certain
Administrative Services Agreement between Fording and the Partnership dated as of February
28<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2003; and (ii)&nbsp;the Amended and Restated Industrial Minerals Services Agreement
between Fording ULC and the Partnership dated August&nbsp;24, 2005, pursuant to which the Partnership is
required to make certain of its executive personnel available to serve as officers of Fording and
of Fording ULC as may reasonably be required by those entities to operate effectively, which
personnel are required to report to the Fording Trustees through the Chief Executive Officer of
Fording in the case of Fording and to be Fording Directors through the Chief Executive Officer of
Fording ULC in the case of Fording ULC. Purchaser further acknowledges and agrees that Fording
will be required to utilize the services of the Identified Officers in connection with the
completion of the Transaction under the direction and supervision of the Independent Committees
(the &#147;<B>Support Services</B>&#148;). Consequently, Purchaser covenants and acknowledges that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Identified Officers shall be free to provide the Support Services to
Fording and Fording ULC in connection with the Transaction and in so doing, will report
to the Chief Executive Officer of Fording and to the Chief Executive Officer Fording
ULC, as applicable, who shall, on behalf of the Independent Committees, be entitled to
direct such persons in that regard;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in providing the Support Services, the Identified Officers shall not, directly
or indirectly, be required to disclose to Purchaser or any of its affiliates any
information relating to the provision of the Support Services or information relating
to the status of the Transaction obtained by the Identified Officers in providing such
services;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ensure that the Identified Officers do not incur any adverse employment
consequences following the Effective Date as a result of providing the Support
Services; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>without limiting the generality of the foregoing, for a period of 24&nbsp;months
following the Effective Date, Purchaser shall cause Teck Cominco Coal Partnership, as
managing partner of the Partnership, to provide the Identified Officers with terms and
conditions of employment, including without limitation, salary, bonus, benefits,
perquisites, title, duties, responsibilities and location of employment, which are the
same or better than those enjoyed by the Identified Officers immediately prior to the
announcement of the Transaction other than such changes resulting directly from the
completion of the Transaction.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.13</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Merger of Covenants</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The covenants set out in this Agreement (except Sections&nbsp;5.7(c), 5.7(d), 5.8, 5.9, 5.10, 5.12 and
this Section&nbsp;5.13, 8.5 and 9.8 and 9.9 which shall survive the completion of the Arrangement and
except for Sections&nbsp;5.7(c), 5.7(d), this Section&nbsp;5.13, 8.2, 8.3, 8.4, 8.5, 9.1, 9.2, 9.5 and 9.9
which shall survive the termination of this Agreement) shall not survive the completion of the
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 71 - <!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Arrangement or termination of this Agreement, and shall expire and be terminated without recourse
between the Parties upon such completion or termination.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 6<BR>
CONDITIONS</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Mutual Conditions</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The obligations of Fording and Purchaser to complete the Arrangement and the other transactions
contemplated herein are subject to the fulfilment of the following conditions at or before the
Transaction Confirmation Date or such other time as is specified below:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Interim Order shall have been granted in form and substance satisfactory to
the Parties, acting reasonably, and shall not have been set aside or modified in a
manner unacceptable to the Parties, acting reasonably, on appeal or otherwise;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Requisite Level of Approval shall have been obtained;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Final Order shall have been granted in form and substance satisfactory to
the Parties, acting reasonably, and shall not have been set aside or modified in a
manner unacceptable to each of the Parties, acting reasonably, on appeal or otherwise;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Articles of Arrangement shall be in form and substance consistent with this
Agreement, the Plan of Arrangement and the Final Order and shall be satisfactory to the
Parties, acting reasonably;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the TSX shall have approved the listing of the Purchaser Shares to be issued in
connection with the Arrangement subject only to satisfaction of customary conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Purchaser Shares to be issued in connection with the Arrangement shall have
been approved for listing on the NYSE, subject only to official notice of issuance;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>this Agreement shall not have been terminated pursuant to Article&nbsp;8;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Closing Regulatory Approvals shall have been obtained on terms and
conditions acceptable to the Parties acting reasonably and shall not have been set
aside or modified in a manner unacceptable to the Parties acting reasonably, on appeal
or otherwise; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there shall not be in effect any applicable Law that makes the consummation of
the Arrangement or any other transactions contemplated herein which are necessary to
complete the Arrangement illegal or otherwise prohibited or enjoins any Party from
consummating the Arrangement or any other transactions contemplated herein which are
necessary to complete the Arrangement.</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 72 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing conditions are for the mutual benefit of Fording, on the one hand, and Purchaser, on
the other hand, and may be waived, in whole or in part, jointly by the Parties, at any time. If any
of the said conditions precedent shall not be complied with or waived as aforesaid on or before
November&nbsp;20, 2008 then, subject to Section&nbsp;6.4, either Fording or Purchaser may terminate this
Agreement by written notice to the other Party in circumstances where the failure to satisfy any
such condition is not the result, directly or indirectly, of Purchaser&#146;s breach of this Agreement,
in the event of a termination by Purchaser, or Fording&#146;s breach of this Agreement, in the event of
a termination by Fording.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Fording Conditions</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The obligation of Fording to complete the Arrangement and the other transactions contemplated
herein is subject to the fulfilment of the following additional conditions at or before the
Transaction Confirmation Date or such other time as is specified below:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the representations and warranties made by Purchaser in this Agreement which
are qualified by the expression &#147;material&#148;, &#147;Purchaser Material Adverse Effect&#148; or
&#147;material and adverse&#148; shall be true and correct as of the date of this Agreement and
as of the Transaction Confirmation Date as if made on and as of such date (except to
the extent such representations and warranties expressly speak as of an earlier date,
in which event such representations and warranties shall be true and correct as of such
earlier date) and all other representations and warranties made by Purchaser in this
Agreement which are not so qualified shall be true and correct in all material respects
as of the date of this Agreement and as of the Transaction Confirmation Date as if made
on such date (except to the extent that such representations and warranties expressly
speak of an earlier date, in which event, such representations and warranties shall be
true and correct in all material respect as of such earlier date), and Purchaser shall
have provided to Fording a certificate of two authorized persons certifying such
accuracy on the Transaction Confirmation Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser shall have complied in all material respects with its covenants
herein, and Purchaser shall have provided to Fording a certificate of two authorized
persons dated as of the Transaction Confirmation Date certifying that it has so
complied with its covenants herein;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>from the date hereof up to and including the Transaction Confirmation Date,
there shall not have occurred or have been disclosed to the public a Purchaser Material
Adverse Effect, and Purchaser shall have provided to Fording a certificate of two
qualified officers to such effect on the Transaction Confirmation Date; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>on or before October&nbsp;31, 2008, Purchaser shall have provided written evidence
reasonably satisfactory to the Fording Trustees that it has or will be able to draw on
or prior to the Effective Date, the funds (other than the funds resulting from the sale
of its Units) necessary to complete the Transaction which shall include the execution
of a definitive credit agreement in respect to the debt financing contemplated by the
Debt Commitment Letter.</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 73 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing conditions precedent are for the exclusive benefit of Fording and may be waived, in
whole or in part, by Fording in writing at any time. If any of the said conditions shall not be
complied with or waived by Fording on or before November&nbsp;20, 2008, then subject to Section&nbsp;6.4,
Fording may rescind and terminate this Agreement by written notice to Purchaser in circumstances
where the failure to satisfy any such condition is not the result, directly or indirectly, of
Fording&#146;s breach of this Agreement.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Purchaser Conditions</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The obligation of Purchaser to complete the Arrangement and the other transactions contemplated
herein is subject to the fulfilment of the following additional conditions at or before the
Transaction Confirmation Date or such other time as is specified below:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the representations and warranties made by Fording in this Agreement which are
qualified by the expression &#147;material&#148;, &#147;material adverse change&#148; or &#147;material adverse
effect&#148; shall be true and correct as of the date of this Agreement and as of the
Transaction Confirmation Date as if made on such date (except to the extent that such
representations and warranties expressly speak of an earlier date, in which event, such
representations and warranties shall be true and correct as of such earlier date) and
all other representations and warranties made by Fording in this Agreement which are
not so qualified shall be true and correct in all material respects as of the date of
this Agreement and as of the Transaction Confirmation Date as if made on such date
(except to the extent that such representations and warranties expressly speak of an
earlier date, in which event, such representations and warranties shall be true and
correct in all material respects as of such earlier date), and Fording shall have
provided to Purchaser a certificate of two qualified officers certifying such accuracy
on the Transaction Confirmation Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>from the date hereof up to and including the Transaction Confirmation Date,
there shall not have occurred or have been disclosed to the public a material adverse
change or material adverse effect, and Fording shall have provided to Purchaser a
certificate of two qualified officers to such effect on the Transaction Confirmation
Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording shall have complied in all material respects with its covenants herein,
and Fording shall have provided to Purchaser a certificate of two qualified officers
dated as of the Transaction Confirmation Date certifying the same;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Lenders shall have confirmed to the Purchaser in writing that the
conditions precedent to the availability of the Debt Financing, other than the
conditions set forth in paragraph (m)&nbsp;of Exhibit&nbsp;C of the Debt Commitment Letter and
other than the payment by Purchaser to Fording of the transaction consideration and
payment by Purchaser of the fees payable to the Lenders on the closing date, have been
satisfied or waived in the event that Purchaser intends to utilize such Debt Financing
in connection with the Transaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Fording Trustees shall not have made a Change in Recommendation;</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 74 - <!-- /Folio -->

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Dissent Rights shall not have been exercised in respect of more than 5% of the
Units (on a fully-diluted basis); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchaser shall have determined in good faith that the total amount of the
Residual Liabilities on the Effective Date and immediately after completion of the
steps comprising the Plan of Arrangement, net of current assets of Fording and
excluding the FX Hedge and Residual Liabilities that were not incurred in wilful
violation of this Agreement, will not exceed $475&nbsp;million (if the Fording Credit
Agreement will not be repaid on or prior to the Effective Date) or will not exceed $200
million (if the Fording Credit Agreement will be repaid on or prior to the Effective
Date without Fording incurring liabilities to make such repayment).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing conditions precedent are for the exclusive benefit of Purchaser and may be waived, in
whole or in part, by Purchaser in writing at any time. If any of the said conditions shall not be
complied with or waived by Purchaser on or before November&nbsp;20, 2008, then subject to Section&nbsp;6.4,
Purchaser may rescind and terminate this Agreement by written notice to Fording in circumstances
where the failure to satisfy any such condition is not the result, directly or indirectly, of
Purchaser&#146;s breach of this Agreement, provided, however, that unless the failure to satisfy the
condition specified in Section&nbsp;6.3(a) or 6.3(c) constitutes a material adverse change, Purchaser
may not rescind and terminate this Agreement due to the failure to satisfy such condition.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Notice and Cure Provisions</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Party will give prompt notice to the other Party of the occurrence, or failure to occur, at
any time from the date hereof until the Transaction Confirmation Date, of any event or state of
facts which occurrence or failure would, or would reasonably be likely to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cause any of the representations or warranties of the other Party contained
herein to be untrue or inaccurate in any material respect on the date hereof or on the
Transaction Confirmation Date, as applicable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>result in the failure to comply with or satisfy any covenant or agreement to be
complied with or satisfied by the other Party prior to the Transaction Confirmation
Date; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>result in the failure to satisfy any of the conditions precedent in its favour
contained in Sections&nbsp;6.1, 6.2 or 6.3, as the case may be.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A Party may elect not to complete the transactions contemplated hereby and exercise any termination
right in its favour set forth in Section&nbsp;6.1, 6.2 or 6.3 as applicable provided, however, that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>forthwith and in any event prior to the Transaction
Confirmation Date, the Party intending to rely thereon has delivered a written
notice to the other Party specifying in reasonable detail all breaches of
covenants, representations and warranties or other matters which the Party
delivering</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 75 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such notice is asserting as the basis for the non-fulfilment of the
applicable condition precedent or termination right, as the case may be; and</TD>
</TR>
<tr>
<TD style="font-size:6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if any such notice is delivered, and a Party is proceeding
diligently to cure such matter, if such matter is capable of being cured, the
other Party may not terminate this Agreement until the earlier of November&nbsp;20,
2008, and the expiration of a period of 45&nbsp;days from such notice.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If such notice has been delivered prior to the date of the Fording Meeting, Fording shall have the
right, but not the obligation, to postpone such meeting until the expiry of such period.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.5</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Merger of Conditions</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The conditions set out in Sections&nbsp;6.1, 6.2 and 6.3 shall be conclusively deemed to have been
satisfied, waived or released upon the delivery of the notices by the Parties, one to the other,
described in Section&nbsp;6.6.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.6</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Confirmation of Transaction</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Forthwith upon satisfaction or waiver of the conditions set forth in Sections&nbsp;6.1, 6.2 or 6.3
(excluding conditions that, by their terms, cannot be satisfied until the Transaction Confirmation
Date, but subject to the satisfaction or waiver by the applicable Party or Parties in whose favour
the condition is, of those conditions as of the Transaction Confirmation Date), and provided that
such date is not less than twenty (20)&nbsp;Trading Days prior to and including December&nbsp;19, 2008, each
of the Fording Parties and Purchaser will confirm, in writing, to each other, that all conditions
in its favour have been satisfied or waived and will issue a public announcement in form and
content satisfactory to each of them, acting reasonably, to that effect.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 7<BR>
AMENDMENT</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>7.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Amendment</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subject to the provisions of the Interim Order and the Plan of Arrangement, this Agreement may, at
any time and from time to time before or after the holding of the Fording Meeting, be amended by
mutual written agreement of the Parties without further notice to or authorization on the part of
the Securityholders, and any such amendment may, without limitation:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>change the time for performance of any of the obligations or acts of the
Parties;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waive any inaccuracies or modify any representation or warranty contained
herein or in any document delivered pursuant hereto;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waive compliance with or modify any of the covenants herein contained and waive
or modify performance of any of the obligations of the Parties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>waive compliance with or modify any conditions precedent herein contained;</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 76 - <!-- /Folio -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided, however, that any such change, waiver or modification does not: (i)&nbsp;invalidate any
required Securityholder approval of the Arrangement; or (ii)&nbsp;after the holding of the Fording
Meeting, result in an adverse change in the quantum or form of consideration payable to
Securityholders pursuant to the Arrangement.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 8<BR>
TERMINATION</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>8.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Termination</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Agreement may be terminated at any time prior to the Effective Date (or such earlier date as
is specified below):
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by mutual written consent of the Parties; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as provided in Sections&nbsp;6.1, 6.2 and 6.3, subject to compliance with Section
6.4; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser on or prior to the date on which the Requisite Level of Approval
is obtained, if on or prior to the date when such Requisite Level of Approval is
obtained the Fording Trustees:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shall have failed to recommend this Agreement or the
Arrangement in the manner set forth in Section&nbsp;5.2(c) hereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>withdraw, amend, modify or qualify, or propose publicly to
withdraw, amend, modify or qualify, in a manner adverse to Purchaser, their
recommendation of the Arrangement (a &#147;<B>Change in Recommendation</B>&#148;), or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shall have failed to reaffirm their recommendation of the
Arrangement within five (5)&nbsp;business days of receipt of any written request to
do so by Purchaser; or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser if there is a breach of Section&nbsp;5.5(a) in any material respect; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser or by Fording if the Fording Meeting shall have been held and
completed and the Requisite Level of Approval shall not have been obtained; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Fording in the circumstances contemplated in Section&nbsp;5.6(a)(i) provided
Fording complies with the obligations under Section&nbsp;8.2; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser if, following the Transaction Confirmation Date:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Purchaser determines, in good faith, that the total amount
of the Residual Liabilities on the Effective Date and immediately after
completion of the steps comprising the Plan of Arrangement, net of current
assets of Fording and excluding the FX Hedge, will exceed $475</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio --> - 77 - <!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>million (if the Fording Credit Agreement will not be repaid on or prior to
the Effective Date) or $200&nbsp;million (if the Fording Credit Agreement will be
repaid on or prior to the Effective Date without incurring liabilities to
make such repayment), and such excess constitutes a material adverse change;
or</TD>
</TR>
<tr>
<TD style="font-size:6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Purchaser determines, in good faith, that the total amount
of the Residual Liabilities on the Effective Date and immediately after
completion of the steps comprising the Plan of Arrangement, net of current
assets of Fording and excluding the FX Hedge and any Residual Liabilities that
were not incurred in wilful violation of this Agreement, will exceed $475
million (if the Fording Credit Agreement will not be repaid on or prior to the
Effective Date) or $200&nbsp;million (if the Fording Credit Agreement will be repaid
on or prior to the Effective Date without Fording incurring liabilities to make
such repayment); or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser or by Fording if the Transaction Confirmation Date does not occur
on or before November&nbsp;20, 2008 or the Effective Date does not occur on or before
December&nbsp;30, 2008, except that the right to terminate this Agreement under this Section
8.1(h) shall not be available to any Party whose wilful failure to fulfill any of its
obligations has been the cause of, or resulted in, the failure of the Transaction
Confirmation Date or the Effective Date, as applicable, not to occur by such date; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser or by Fording if after the date of this Agreement any action is
taken under applicable Laws or any statute, rule, regulation or order is enacted,
enforced, promulgated, issued, amended, modified or terminated by any court,
department, board, regulatory authority, Government Entity or similar agency, domestic
or foreign, entitled to exercise jurisdiction over either of the Parties, or in the
administration or interpretation thereof, that has become final and non-appealable and
that makes illegal or otherwise directly or indirectly restrains, enjoins or prohibits
the Arrangement or any other transactions contemplated herein which are necessary to
complete the Arrangement; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser or by Fording if after the date of this Agreement any action is
taken under applicable Laws or any statute, rule, regulation or order is enacted,
enforced, promulgated, issued, amended, modified or terminated by any court,
department, board, regulatory authority, Government Entity or similar agency, domestic
or foreign, entitled to exercise jurisdiction over either of the Parties, or in the
administration or interpretation thereof, or any announcement is issued or made by way
of press release or otherwise by any such department, board, regulatory authority,
Government Entity or similar agency that results in a material and adverse change in
the anticipated tax treatment of the Transaction, or any material part thereof, to
Fording or Purchaser or any Unitholders, provided that in the case of a material and
adverse change in the anticipated tax treatment to the Unitholders, only Fording may
terminate this Agreement under this Section&nbsp;8.1(j).</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&nbsp;- 78 -

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>8.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Break Fee</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If this Agreement is terminated:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser pursuant to Section&nbsp;8.1(c);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Fording pursuant to Section&nbsp;8.1(f);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser pursuant to Section&nbsp;8.1(d); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Purchaser pursuant to Section&nbsp;8.1(b) or Section&nbsp;8.1(e), but only if:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>after the date of this Agreement and prior to such termination
an Acquisition Proposal is made or publicly disclosed; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>within twelve months following the date of such termination:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording or any of the Fording Subsidiaries
enters into a contract providing for the implementation of an
Acquisition Proposal (whether or not such Acquisition Proposal is the
same Acquisition Proposal referred to in subclause (i)&nbsp;above) and such
Acquisition Proposal is consummated, whether or not amended prior to
its consummation and whether such consummation is before or after the
expiry of such twelve month period, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an Acquisition Proposal (whether or not such
Acquisition Proposal is the same Acquisition Proposal referred to in
subclause (i)&nbsp;above) is consummated.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of the foregoing, the term &#147;Acquisition Proposal&#148; shall have
the meaning assigned to such term in Section&nbsp;1.1, except that references to
&#147;20% or more&#148; shall be deemed to be references to 50% or more,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">then, in consideration of the release of Purchaser&#146;s rights under this Agreement, Fording shall pay
to Purchaser, in the case of Section&nbsp;8.2(b), concurrently with termination of this Agreement, in
the case of Section&nbsp;8.2(a) or (c), within two business days following termination of this
Agreement, or in the case of Section&nbsp;8.2(d) within two business days following the consummation of
the Acquisition Proposal, the amount of U.S.$400&nbsp;million, in immediately available funds to an
account designated by Purchaser (the &#147;<B>Break Fee</B>&#148;). For greater certainty, the Parties agree that
Fording shall not be obligated to make more than one payment pursuant to this Section&nbsp;8.2.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>8.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Nature of Break Fee</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording acknowledges that the agreements contained in Section&nbsp;8.2 are an integral part of the
transactions contemplated by this Agreement, and that without these agreements Purchaser would not
enter into this Agreement. Fording acknowledges that the amount set out in Section&nbsp;8.2 in respect
of the Break Fee represents liquidated damages which are a genuine pre-estimate
</DIV>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 79 -<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">of the damages, including opportunity costs, which Purchaser will suffer or incur as a result of
the event giving rise to such damages and resultant termination of this Agreement, and is not a
penalty. Fording irrevocably waives any right it may have to raise as a defence that any such
liquidated damages are excessive or punitive.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>8.4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effect of Termination</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event of termination in accordance with Section&nbsp;8.1, written notice shall be provided
forthwith by the terminating Party to the other Parties, specifying the provision pursuant to which
the termination is being made, and each Party shall be deemed to have released, remised and forever
discharged the other Parties in respect of any and all claims arising in respect of this Agreement;
provided that no Party will be relieved from liability for any breach of any covenant,
representation or warranty contained in this Agreement prior to such termination; however Fording
will be relieved from liability for any breach of any covenant, representation or warranty in this
Agreement prior to such termination upon payment of the Break Fee and Purchaser hereby agrees that,
upon any termination of this Agreement under circumstances where Purchaser is entitled to a Break
Fee and the Break Fee is paid, (a)&nbsp;Purchaser shall be precluded from any other remedy against
Fording, at law or in equity or otherwise, and (b)&nbsp;in such circumstances the Purchaser shall not
seek to obtain any recovery, judgment, or damages of any kind, including consequential, indirect,
or punitive damages, against Fording or any Fording Subsidiary or any of their respective trustees,
directors, officers, employees, partners, managers, members, shareholders or affiliates in
connection with the Transaction.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>8.5</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Payment of Transaction Expenses</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event that the Agreement is terminated in the circumstances set forth in Section&nbsp;8.1(e) or
as a result of the conditions in Sections&nbsp;6.2(d) or 6.3(d) not being fulfilled, then Purchaser
shall forthwith pay to Fording, and in any event, within three business days following receipt by
the Purchaser of evidence satisfactory to it, acting reasonably, of the amount of the expenditures
incurred by Fording in connection with the Transaction, an amount equal to such Transaction
Expenses to a maximum of $10&nbsp;million.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 9<BR>
GENERAL</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Expenses</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subject to Section&nbsp;8.5 or as otherwise expressly provided for in this Agreement, the Parties agree
that, except as otherwise expressly provided herein, all out-of-pocket third party transaction
expenses incurred in connection with this Agreement and the Transaction, including legal fees,
financial advisor fees and all disbursements by advisors, shall be paid by the Party incurring such
expenses, whether or not the Arrangement is consummated, provided that if the Effective Date occurs
all Transaction Expenses shall be paid to Fording (or as it may direct) by Purchaser. No later than
five (5)&nbsp;business days prior to the Effective Date, Fording shall provide Purchaser with a list of
Transaction Expenses and payment instructions. Nothing in this Agreement will prevent or limit
Fording from paying the reasonable fees and disbursements (plus applicable taxes, if
</DIV>
</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 80 -<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">any) of RBC and National Bank Financial Inc. or of its accounting and legal advisors incurred by
Fording in connection with the Transaction prior to the Effective Time.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Remedies</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subject to Section&nbsp;8.4, the Parties acknowledge and agree that an award of money damages would be
inadequate for any breach of this Agreement by any Party and that such breach would cause the
non-breaching Party irreparable harm. Accordingly, the Parties agree that in the event of any such
breach or threatened breach of this Agreement by one of the Parties, Fording (if Purchaser is the
breaching Party) or Purchaser (if Fording is the breaching Party) will be entitled, without the
requirement of posting a bond or other security, to seek equitable relief, including injunctive
relief and specific performance. Subject to Section&nbsp;8.4, such remedies will not be the exclusive
remedies for any breach of this Agreement but will be in addition to all other remedies available
at law or in equity to each of the Parties.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Notices</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any notice, consent, waiver, direction or other communication required or permitted to be given
under this Agreement by a Party shall be in writing and may be given by delivering same or sending
same by facsimile transmission or by delivery addressed to the Party to which the notice is to be
given at its address for service herein. Any notice, consent, waiver, direction or other
communication aforesaid shall, if delivered, be deemed to have been given and received on the date
on which it was delivered to the address provided herein (if a business day, and if not, the next
succeeding business day) and if sent by facsimile transmission be deemed to have been given and
received at the time of receipt (if a business day, and if not, the next succeeding business day)
unless actually received after 4:00 p.m. (local time) at the point of delivery in which case it
shall be deemed to have been given and received on the next succeeding business day.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The address for service of each of the Parties hereto shall be as follows:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">if to Purchaser:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Teck Cominco Limited<BR>
Suite&nbsp;600, 200 Burrard Street<BR>
Vancouver, British Columbia<BR>
Canada V6C 3L9
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Attention: Corporate Secretary<BR>
Facsimile No.: 604-640-5395
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">with an additional copy to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Stikeman Elliott LLP<BR>
5300 Commerce Court West<BR>
199 Bay Street<BR>
Toronto, ON M5L 1B9
</DIV>

</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 81 -<!-- /Folio -->


<DIV align="left" style="font-size: 10pt; margin-left: 4%; margin-top: 6pt">Attention:
William J. Braithwaite<BR>
Facsimile No.: 416-947-0866
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 4%; margin-top: 6pt">if to Fording:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 4%; margin-top: 6pt">Fording Canadian Coal Trust<BR>
Suite&nbsp;1000, 205 &#151; 9<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Avenue S.W.<BR>
Calgary, Alberta T2G 0R4<BR><BR style="font-size:6pt">
Attention:&nbsp;Mr.&nbsp;Michael Grandin<BR>
Facsimile No.: 403-264-7339
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 4%; margin-top: 6pt">with a copy to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 4%; margin-top: 6pt">Osler, Hoskin &#038; Harcourt LLP<BR>
Suite&nbsp;2500, 450 &#151; 1st Street S.W.<BR>
Calgary, Alberta T2P 5H1
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 4%; margin-top: 6pt">Attention:&nbsp;Frank J. Turner<BR>
Facsimile No.: 403-260-7024
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Further Assurances</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Party shall, from time to time, and at all times hereafter, at the request of the other Party,
but without further consideration, do all such other acts, directly, and to the extent applicable,
through its subsidiaries, and execute and deliver all such further documents and instruments as
shall be reasonably required in order to fully perform and carry out the terms and intent hereof
including the Plan of Arrangement, including all such conveyances, transfers, consents, assignment
and assumption agreements and other documents or writings as may be reasonably required to
effectively transfer the Acquired Assets to the Purchaser in accordance with the Plan of
Arrangement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.5</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Governing Law</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Agreement shall be governed by, and be construed in accordance with, the laws of the Province
of Alberta and the federal laws of Canada applicable therein. Each Party hereby irrevocably
attorns to the jurisdiction of the Courts of the Province of Alberta in respect of all matters
arising under or in relation to this Agreement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.6</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Execution in Counterparts</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Agreement may be executed by the Parties in counterparts and may be executed and delivered by
facsimile and all such counterparts and facsimiles together constitute one and the same agreement.
</DIV>
</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 82 -<!-- /Folio -->

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.7</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Waiver</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No investigations made by or on behalf of any of the Parties, at any time, shall have the effect of
waiving, diminishing the scope of or otherwise affecting any representation or warranty made by the
Parties in or pursuant to this Agreement. No waiver of any condition or other provision, in whole
or in part, shall constitute a waiver of any other condition or provision (whether or not similar)
nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. No
waiver by any Party shall be effective unless in writing and any waiver shall affect only the
matter, and the occurrence thereof, specifically identified and shall not extend to any other
matter or occurrence.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.8</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Enurement and Assignment</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Agreement shall enure to the benefit of and be binding upon the Parties and their respective
successors and permitted assigns. Except as set out in Section&nbsp;5.8, Section&nbsp;5.10 and Section&nbsp;5.12,
this Agreement is not intended to confer any rights or remedies upon any person other than the
Parties to this Agreement. This Agreement may not be assigned by any Party without the express
prior written consent of the other Parties, which consent may be unreasonably withheld.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>9.9</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Liability</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Parties acknowledge and agree that the Fording Trustees are entering into this Agreement solely
in their capacity as trustees on behalf of Fording and the obligations of Fording hereunder shall
not be personally binding upon the Fording Trustees or any of the Unitholders and that any recourse
against Fording, the Fording Trustees or any Unitholder in any manner in respect of any
indebtedness, obligation or liability of Fording arising hereunder or arising in connection
herewith or from the matters to which this Agreement relates, if any, including claims based on
negligence or otherwise tortious behaviour, shall be limited to, and satisfied only out of,
Fording&#146;s assets.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>&#091;Remainder of page intentionally left blank&#093;</B>

</DIV>
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>IN WITNESS WHEREOF </B>the Parties hereto have executed this Arrangement Agreement as of the date first
written above.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>TECK COMINCO LIMITED</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Per:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Donald R. Lindsay
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Donald R. Lindsay&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President and CEO&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Per:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Ronald J. Vance
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Ronald J. Vance&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Sr. Vice President, Corporate Development&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FORDING CANADIAN COAL , by its authorized<BR>
signatory for and on behalf of the trustees</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Per:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Michael Grandin
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Michael Grandin&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chairman and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SCHEDULE &#147;A&#148;</b></DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>PLAN OF ARRANGEMENT</B>
</DIV>

</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 1<BR>
INTERPRETATION</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Definitions</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In this Plan of Arrangement, unless there is something in the subject matter or context
inconsistent therewith, the following terms shall have the respective meanings set forth below.
Capitalized terms used herein and not otherwise defined have the respective meanings ascribed to
them in the Arrangement Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Acquired Assets</B>&#148; means:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a 100% interest in the Royalty,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the limited partnership interests in Fording LP held by Fording,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the issued and outstanding equity securities of Fording ULC,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the issued and outstanding equity securities of the Legacy Subsidiaries held by
Fording at the Effective Time, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of the other assets of Fording following the completion of the steps comprising this Plan
of Arrangement, other than the rights of Fording under the Arrangement Agreement;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#147;<B>Acquiror</B>&#148; means <FONT style="font-family: Wingdings">&#108;</FONT>, a corporation incorporated under the laws of the Province of Alberta;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Arrangement</B>&#148; means the arrangement involving Purchaser, Acquiror, Fording, Fording ULC, certain
subsidiaries or other affiliates of Fording and Purchaser and the Securityholders, under the
provisions of Section&nbsp;193 of the Corporate Statute, on the terms and subject to the conditions set
forth in the Arrangement Agreement and in this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Arrangement Agreement</B>&#148; means the arrangement agreement made as of July&nbsp;29, 2008 between Fording
and Purchaser, as the same may be amended, supplemented, restated or otherwise modified from time
to time in accordance with its terms providing for, among other things, the Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Arrangement Resolution</B>&#148; means the resolution approving this Plan of Arrangement to be considered
by the Securityholders at the Fording Meeting, which shall be in form and content satisfactory to
Fording and the Purchaser, each acting reasonably;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Articles of Arrangement</B>&#148; means the articles of arrangement of Acquiror in respect of the
Arrangement that are required by the Corporate Statute to be sent to the Registrar after the Final
Order is made, following completion of the Pre-Closing Period, in order to give effect to the
Arrangement, which shall be in a form and content satisfactory to Fording and Purchaser, each
acting reasonably;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>business day</B>&#148; means any day on which commercial deposit taking banks are generally open for
ordinary banking business in Calgary, Alberta, Vancouver, British Columbia, Toronto, Ontario and
New York, New York, excepting Saturdays, Sundays or a day generally observed as a holiday in any
such location under applicable Laws;
</DIV>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 2 -<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#147;<B>Cash Consideration</B>&#148; means, in respect of each whole Unit, the amount of U.S.$79.00 in cash;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Corporate Statute</B>&#148; means the <I>Business Corporations Act </I>(Alberta);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Corporate Trustee</B>&#148; means the entity appointed by Purchaser to act as sole trustee of Fording
following the resignation of the Fording Trustees pursuant to this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Court</B>&#148; means the Court of Queen&#146;s Bench of Alberta;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Declaration of Trust</B>&#148; means the declaration of trust of Fording dated February&nbsp;26, 2003, by which
Fording was created, as amended and restated on August&nbsp;24, 2005 and as further amended on March&nbsp;1,
2007;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Depository</B>&#148; means Computershare Trust Company of Canada in its capacity as depository for purposes
of the Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Dissent Rights</B>&#148; means the rights of dissent exercisable by Unitholders in respect of the
Arrangement provided for in Article&nbsp;4 of this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Dissenter Trustee</B>&#148; means <FONT style="font-family: Wingdings">&#108;</FONT> in its capacity as trustee of the consideration paid to
Dissenting Unitholders pursuant to the operation of this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Dissenting Unitholder</B>&#148; means a Unitholder who has duly exercised its Dissent Rights and has not
withdrawn or been deemed to have withdrawn such exercise of Dissent Rights, but only in respect of
the Units in respect of which such Dissent Rights are validly exercised by such Unitholder;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Effective Date</B>&#148; means the date on which the Arrangement becomes effective pursuant to the
Corporate Statute;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Effective Time</B>&#148; means the first moment in time in Calgary, Alberta on the Effective Date, or such
other moment in time in Calgary, Alberta on the Effective Date as Purchaser and Fording, each
acting reasonably, may agree in writing prior to the Effective Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#147;<B>Exchange Option Plan</B>&#148; means the Fording Exchange Option Plan adopted on February&nbsp;28, 2003;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Exchange Options</B>&#148; means options to purchase Units issued under the Exchange Option Plan;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Exchange Price of such Exchange Option</B>&#148; means the exercise price per Unit of the Exchange Option,
converted to U.S. dollars using the Bank of Canada noon exchange rate for Canada/US dollars on the
second business day prior to the Effective Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Final Order</B>&#148; means the final order of the Court in a form acceptable to Fording and the Purchaser,
each acting reasonably, approving the Arrangement, as such order may be amended at any time prior
to the Effective Date with the consent of both Fording and Purchaser, each acting reasonably;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#147;Final Unitholder Distribution</B>&#148; means U.S.$3.00 per Unit;
</DIV>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording</B>&#148; means Fording Canadian Coal Trust, a trust existing under the laws of the Province of
Alberta;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording Directors</B>&#148; means the members of the Board of Directors of Fording ULC from time to time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording DRIP</B>&#148; means the Premium Distribution&#153; and Distribution Reinvestment Plan of Fording which
provides eligible Unitholders with the opportunity to reinvest the cash distributions payable by
Fording towards the purchase of new Units;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording LP</B>&#148; means Fording Limited Partnership, a limited partnership formed under the laws of the
Province of Alberta;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording LP Agreement</B>&#148; means the Amended and Restated Limited Partnership Agreement governing
Fording LP dated December&nbsp;6, 2006;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording LP Agreement Amendments</B>&#148; means the amendments to the Fording LP Agreement that will:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide that, for purposes of the Tax Act, all income and losses of Fording LP for its fiscal
period ending December&nbsp;31, 2008, and to the extent permitted under the Tax Act, all other
amounts of Fording LP in respect of that fiscal period that are allocable for purposes of the
Tax Act, will be allocated to Fording and to Fording ULC to the extent earned or accrued up to
the Effective Time; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>allow for the distribution contemplated in Section&nbsp;3.1(h) hereof and provide that no further
distributions shall be made to Fording;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the whole to be in form and substance satisfactory to Purchaser and Fording, each acting
reasonably;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording Meeting</B>&#148; means the special meeting of Securityholders to be called and held in accordance
with the Interim Order for the purpose of considering the Arrangement Resolution and any
adjournments or postponements thereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording Parties</B>&#148; means Fording and the Fording Subsidiaries, and &#147;<B>Fording Party</B>&#148; means any one of
them;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording Subsidiaries</B>&#148; means, collectively, Fording LLC, Fording LP, Fording ULC and Acquiror, and
&#147;<B>Fording Subsidiary</B>&#148; means any one of them;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording Trustees</B>&#148; means the trustees of Fording from time to time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fording ULC</B>&#148; means Fording (GP)&nbsp;ULC, an unlimited liability company organized under the <I>Companies
Act </I>(Nova Scotia) and the general partner of Fording LP;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Fractional Unit Interest</B>&#148; means the interest to which a Unitholder is entitled with respect to a
fraction of a Unit;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Governmental Entity</B>&#148; means any:
</DIV>
</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 4 -<!-- /Folio -->

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>multinational, federal, provincial, state, regional, municipal, local or other government,
governmental or public department, central bank, court, tribunal, arbitral body, commission,
board, bureau or agency, domestic or foreign,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Securities Authorities, self-regulatory organization or stock exchange including the NYSE and
the TSX, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any subdivision, agent, commission, board, or authority of any of the foregoing, or any
quasi-governmental or private body exercising any regulatory, or expropriation or taxing
authority under or for the account of any of the foregoing;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Interim Order</B>&#148; means the interim order of the Court contemplated by the Arrangement Agreement in a
form acceptable to Fording and Purchaser, each acting reasonably, containing declarations and
directions in respect of the Arrangement and the Fording Meeting, as the same may be amended by the
Court with the consent of Fording and Purchaser, each acting reasonably;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Joint Phantom Unit Plan</B>&#148; means the joint phantom unit plan of Fording and Fording ULC adopted
effective June&nbsp;16, 2003, as amended and restated as of January&nbsp;1, 2006;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Laws</B>&#148; means all laws, by-laws, rules, regulations, orders, rulings, ordinances, protocols, codes,
guidelines, notices, directions and judgments of any Governmental Entity, including applicable
corporate and securities laws and the rules and regulations of the TSX and the NYSE;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Legacy Subsidiaries</B>&#148; means collectively, 627066 Alberta Ltd., Ardley Coal Limited, Fording Coal
Limited, Beachpoint Holdings Ltd., 1237207 Alberta ULC, Bitumen Resources Inc. and Fording Amalco
Inc.;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Letter of Transmittal</B>&#148; means the letter of transmittal forwarded by Fording to Unitholders in
connection with the Arrangement, in the form accompanying the Proxy Circular;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>New Amended and Restated Declaration of Trust</B>&#148; means the New Amended and Restated Declaration of
Trust of Fording that will provide, among other things:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that, at the time specified in this Plan of Arrangement, the Fording Trustees will be deemed
to resign and the Corporate Trustee will be appointed and will become the sole trustee of
Fording;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that the income arising within Fording for purposes of the Tax Act in 2008 up to and
including the time of completion of the events described in Section&nbsp;3.1 is deemed to have been
made payable and paid to those holders of Units who received distributions made by Fording in
2008 on or before the Effective Date or pursuant to Sections&nbsp;3.1(k), 3.1(n), 3.1(p) and 3.1(q)
of this Plan of Arrangement, to the extent of such distributions, or, if such distributions in
total exceed such income, then in proportion to the distributed amounts;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for creation of the Special Units; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for certain other matters required to give effect to the Transaction;</TD>
</TR>

</TABLE>
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 5 -<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">in form and substance satisfactory to Purchaser and Fording, each acting reasonably;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>NYSE</B>&#148; means the New York Stock Exchange;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Partnership</B>&#148; means the Elk Valley Coal Partnership, a general partnership established under the
laws of the Province of Alberta;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Phantom Unit</B>&#148; means a notional unit equivalent in value to a Unit at the time of grant, credited
by means of a bookkeeping entry to the Phantom Unit Account of a participant in the Joint Phantom
Unit Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Phantom Unit Account</B>&#148; means the account maintained by Fording for each participant in the Joint
Phantom Unit Plan to which any Phantom Units (including Phantom Units reflecting Distribution
Equivalents (as such term is defined in the Joint Phantom Unit Plan)) awarded to the participant
under the Joint Phantom Unit Plan are credited;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Plan of Arrangement</B>&#148; means this plan of arrangement and references to &#147;<B>Article</B>&#148; or &#147;<B>Section</B>&#148; means
the specified Articles or Section of this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Proxy Circular</B>&#148; means the management information circular to be prepared by Fording for the
Fording Meeting in accordance with the Arrangement Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Purchaser</B>&#148; means Teck Cominco Limited, a corporation existing under the laws of Canada;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Purchaser Shares</B>&#148; means the Class&nbsp;B subordinate voting shares in the capital of Purchaser;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Registrar</B>&#148; has the meaning ascribed thereto in the Corporate Statute;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Residual Beneficiary</B>&#148; means a Person resident in Canada designated by the Purchaser to acquire
Special Units from Fording pursuant to this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Residual Liabilities</B>&#148; means all of the liabilities and other obligations of Fording existing after
completion of the steps comprising this Plan of Arrangement, including all unpaid Transaction
Expenses;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Royalty</B>&#148; means the net profits interest computed by reference to 96% of the net production from
the mines owned by the Partnership and by Elkview Mine Limited Partnership and other cash flows
generated within Fording LP created by Fording LP and granted to Fording by Fording LP pursuant to
the terms of the Royalty Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Royalty Agreement</B>&#148; means the royalty agreement entered into between Fording and Fording LP dated
December&nbsp;31, 2006 which governs the Royalty;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Royalty Agreement Amendments</B>&#148; means the amendments to the Royalty Agreement that will allow for
the assignment of the Royalty and the rights under the Royalty Agreement and that, in the event of
an assignment during a Quarter, as defined in the Royalty Agreement, the Royalty payable after the
commencement of the Quarter and up to and including the date of the assignment shall deemed to
accrue in equal daily increments during that Quarter, the whole to be in form and substance
satisfactory to Purchaser and Fording, each acting reasonably;
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 6 -<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>SEC</B>&#148; means the United States Securities and Exchange Commission, and includes any successor
thereto;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Securities Authorities</B>&#148; means the securities commission or similar regulatory authority in each of
the provinces and territories of Canada and in the various states of the United States of America
that are entitled to exercise jurisdiction over Fording or Purchaser, as applicable, and includes
the SEC;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Securityholder Consideration</B>&#148; means the aggregate consideration payable to the Securityholders
pursuant to Sections&nbsp;3.1(l), 3.1(m), 3.1(n), 3.1(p) and 3.1(q) hereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Securityholders</B>&#148; means, collectively the Unitholders, the registered holders of Exchange Options
and the registered holders of Phantom Units;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Sixth Anniversary</B>&#148; means the sixth anniversary of the Effective Date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Share Consideration</B>&#148; means in respect of each whole Unit, 0.245 Purchaser Shares;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Special Units</B>&#148; means the special units of Fording created pursuant to the New Amended and Restated
Declaration of Trust and issued to the Residual Beneficiary pursuant to this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Tax Act</B>&#148; means the <I>Income Tax Act </I>(Canada);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Trailing D&#038;O Coverage</B>&#148; has the meaning ascribed to it in the Arrangement Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Transaction</B>&#148; means, collectively, the Arrangement and the other transactions contemplated by the
Arrangement Agreement and in this Plan of Arrangement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Transaction Expenses</B>&#148; means all costs, expenses and fees of Fording incurred prior to or after the
Effective Date in connection with, or incidental to, the Transaction, including: (i)&nbsp;out-of-pocket
expenses of the Fording Parties relating to the transactions contemplated by the Arrangement
Agreement, including legal fees, accounting fees, financial advisory fees, regulatory filing fees,
stock exchange fees, all disbursements of advisors and printing, mailing and meeting costs; and
(ii)&nbsp;the Trailing D&#038;O Coverage;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>TSX</B>&#148; means the Toronto Stock Exchange;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#147;Unit Consideration&#148; </B>means in respect of each whole Unit, the sum of the Cash Consideration and the
Share Consideration;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Units</B>&#148; means units of Fording;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Unitholder Rights Plan</B>&#148; means the Unitholder rights plan of Fording dated as of February&nbsp;28, 2003,
as amended and restated on May&nbsp;2, 2006, between Fording and Computershare Trust Company of Canada,
as rights agent; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<B>Unitholders</B>&#148; means the registered holders of issued and outstanding Units.
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 7 -<!-- /Folio -->

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Certain Rules of Interpretation</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In this Plan of Arrangement:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Currency</U> <I>&#150; </I>Unless otherwise specified, all references to money amounts are to lawful
currency of the United States.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Headings</U> <I>&#150; </I>Headings of Articles and Sections are inserted for convenience of
reference only and shall not affect the construction or interpretation of this Plan of
Arrangement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Including</U> <I>&#150; </I>Where the word &#147;including&#148; or &#147;includes&#148; is used in this Plan of
Arrangement, it means &#147;including (or includes) without limitation&#148;.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Number and Gender</U> <I>&#150; </I>Unless the context otherwise requires, words importing the
singular include the plural and <I>vice versa </I>and words importing gender include all genders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Statutory References</U> <I>&#150; </I>A reference to a statute includes all rules and regulations
made pursuant to such statute and, unless otherwise specified, the provisions of any statute
or regulation or rule which amends, supplements or supersedes any such statute or any such
regulation or rule.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Time</U> <I>&#150; </I>Time is of the essence in every matter or action contemplated hereunder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Time Periods</U> &#150; Unless otherwise specified, time periods within or following which any
payment is to be made or act is to be done shall be calculated by excluding the day on which
the period commences and including the day on which the period ends and by extending the
period to the next business day following if the last day of the period is not a business day.
If the date on which any action is required to be taken hereunder by any Person is not a
business day in the place where the action is required to be taken, such action shall be
required to be taken on the next succeeding day which is a business day in such place.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 2<BR>
EFFECT OF THE ARRANGEMENT</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Arrangement Agreement</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan of Arrangement is made pursuant to the Arrangement Agreement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Binding Effect</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Plan of Arrangement will become effective at the Effective Time and will be binding at and
after the Effective Time on:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording LP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording ULC;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 8 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Fording Trustees and the Fording Directors, in their capacities as trustees of Fording
and directors of Fording ULC, as applicable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Acquiror;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all Unitholders and beneficial owners of Units and Special Units (including Dissenting
Unitholders and the Residual Beneficiary);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all registered holders of Exchange Options and beneficial owners of Exchange Options;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all registered holders of Phantom Units and beneficial owners of Phantom Units;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the registrar and transfer agent in respect of the Units;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Dissenter Trustee; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Depository.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 3<BR>
ARRANGEMENT</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>3.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Events Occurring Within the Plan</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commencing at the Effective Time, each of the events set out below shall occur and shall be deemed
to occur, except as otherwise expressly noted, two minutes apart and in the following order without
any further authorization, act or formality required on the part of any Person, except as expressly
provided herein:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Unitholder Rights Plan will terminate and be of no further force or effect;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Fording LP Agreement Amendments shall become effective;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Royalty Agreement Amendments shall become effective;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The New Amended and Restated Declaration of Trust shall become effective;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Residual Beneficiary will acquire from Fording 10 Special Units for cash consideration
per Special Unit equal to the closing price of the Units on the TSX on the second business day
prior to the Effective Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Fording Trustees will be deemed to have resigned and the Corporate Trustee will
be appointed and become the sole trustee of Fording;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Fording Directors will be deemed to have resigned whereupon the directors of
Fording ULC shall be those Persons designated by the Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Immediately before the time that the transaction described in Section&nbsp;3.1(i) occurs, Fording
LP will make a distribution to Fording in an amount equal to all debts owing by Fording to
Fording LP, and will make such distribution by offset against such debts;</TD>
</TR>

</TABLE>
</DIV></DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 9 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Acquiror will purchase from Fording, and Fording will transfer to Acquiror, all of the
limited partnership interest in Fording LP held by Fording and all of the issued and
outstanding equity securities of Fording ULC held by Fording at a price equal to the amount
described in Section&nbsp;3.1(j)(vi) hereof in consideration for the issuance by Acquiror to
Fording of 10,000,000 common shares of Acquiror, and at the time of the purchase, Fording will
cease to be a member of Fording LP;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording will transfer to Purchaser, and Purchaser will purchase from Fording, the Royalty
(including all rights under the Royalty Agreement, other than any amount of Royalty accrued
but not paid up to the Effective Time), all of the issued and outstanding equity securities of
Acquiror, and all of the issued and outstanding equity securities of the Legacy Subsidiaries
held by Fording at the Effective Time, in consideration of the payment by Purchaser to Fording
of</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Securityholder Consideration, <U>plus</U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the payment by Purchaser to Fording of sufficient cash to enable Fording, when
such additional cash is combined with its otherwise available cash, to make the Final
Unitholder Distribution, <U>plus</U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the assumption by the Purchaser of the Residual Liabilities,</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which consideration will be allocated as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an amount equal to the fair market value of each of the securities described in
paragraph (d)&nbsp;of the definition of &#147;Acquired Assets&#148; will be allocable to those
securities,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>97% of the remaining consideration will be allocated to the purchase of the
Royalty and the rights under the Royalty Agreement from Fording, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>3% of the remaining consideration will be allocated to the purchase of all of
the equity securities of Acquiror;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>and after the purchase and transfers described in this Section&nbsp;3.1(j) and the transfers
described in Section&nbsp;3.1(r), none of Fording, the Fording Trustees, the Fording Directors or
any of their respective successors or assigns will have any rights, liabilities or
obligations in connection with the Acquired Assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording will make the Final Unitholder Distribution by distributing to each Unitholder
(including Dissenting Unitholders) that was a Unitholder at the last moment in time prior to
the Effective Time, in respect of each Unit then held, its pro-rata portion of the Final
Unitholder Distribution by paying such amount to the Unitholder, in the case of Unitholders
other than Dissenting Unitholders, and by paying such amount to the Dissenter Trustee, in the
case of Dissenting Unitholders, in each case less amounts withheld in respect of the
distribution pursuant to Section&nbsp;5.4 of this Plan of Arrangement;</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 10 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each holder of an Exchange Option issued and outstanding immediately prior to the Effective
Time shall be deemed to have exercised such holder&#146;s Unit Appreciation Rights, as defined in
the Exchange Option Plan, pursuant to the Notice of Exercise thereunder, in exchange for the
payment by Fording to such registered holder, for each Exchange Option held by such holder, of
an amount in cash equal to the difference between the Unit Consideration and the Exercise
Price of such Exchange Option (less any amounts withheld pursuant to Section&nbsp;5.4 of this Plan
of Arrangement), and thereafter all of the Exchange Options will be terminated and none of the
former holders of Exchange Options, Fording, the Fording Trustees, the Fording Directors, the
Fording Subsidiaries, Purchaser, Acquiror or any of their respective successors or assigns
will have any rights, liabilities or obligations in connection with such Exchange Options.
For the purpose of this Section&nbsp;3.1(l) and Section&nbsp;3.1(n), the cash value of the Share
Consideration component of the Unit Consideration shall be the weighted average trading price
per share of the Purchaser Shares on the NYSE on the second last business day prior to the
Effective Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Effective Date shall be deemed to be a Mandatory Payment Date (as defined in the Joint
Phantom Unit Plan) and at the Effective Time all of the then issued and outstanding Phantom
Units shall be deemed to have vested and each holder of Phantom Units at the Effective Time
shall be deemed to have elected pursuant to Section&nbsp;5.4(d) of the Joint Phantom Unit Plan to
redeem all Phantom Units credited to such holder&#146;s Phantom Unit Account for an amount per
Phantom Unit equal to the Unit Consideration, and Fording shall pay and transfer to such
holder the Unit Consideration to which such holder is entitled as a result of such deemed
redemption (less any amounts withheld pursuant to Section&nbsp;5.4 of this Plan of Arrangement);
amounts paid by Fording in relation to Phantom Units held by Fording Directors and issued to
them in that capacity will be deemed to have been paid by Fording on behalf of Fording ULC and
deemed to have been funded by way of a capital contribution by Fording to Acquiror and
immediately thereafter, by way of a capital contribution by Acquiror to Fording ULC and
thereafter all of the Phantom Units will be terminated and none of the former holders of
Phantom Units, Fording, the Fording Trustees, the Fording Directors, the Fording Subsidiaries,
Purchaser, Acquiror or any of their respective successors or assigns will have any rights,
liabilities or obligations in connection with such Phantom Units;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Fractional Unit Interest will be acquired by Fording in consideration of the payment to
the holder thereof of a cash amount equal to that portion of the Unit Consideration equal to
the proportion that the Fractional Unit Interest represents of a whole Unit (less any amounts
withheld pursuant to Section&nbsp;5.4 of this Plan of Arrangement) and thereafter, none of the
former holders of Fractional Unit Interests, Fording, the Fording Trustees, the Fording
Directors, the Fording Subsidiaries, Purchaser, Acquiror or any of their respective successors
or assigns will have any rights, liabilities or obligations in connection with the Fractional
Unit Interests;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Exchange Option Plan, the Joint Phantom Unit Plan and the Fording DRIP will terminate and
thereafter, none of the former holders of Fractional Unit Interests, Fording, the Fording
Trustees, the Fording Directors, the Fording Subsidiaries, Purchaser, Acquiror or any of their
respective successors or assigns will have any further liability or</TD>
</TR>


</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 11 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obligation to the Securityholders under such plans or agreements and the Securityholders
will have no further rights under such plans or agreements;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(p)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fording will distribute in respect of each issued and outstanding whole Unit held by each
Unitholder at the Effective Time (including Units held by Dissenting Unitholders but excluding
the Special Units held by the Residual Beneficiary), as a payment in respect of the capital
interest in Fording represented by the Unit, and not as proceeds of disposition of that
capital interest, an amount per Unit equal to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Unit Consideration, <U>less</U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the total of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any amounts in respect of the Unit withheld pursuant to Section&nbsp;5.4 of this
Plan of Arrangement in respect of the amounts described in Section&nbsp;3.1(p)(i) above and
Section&nbsp;3.1(q) below, <U>plus</U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>0.001 of a Purchaser Share</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by paying and transferring such amount to the Unitholder in the case of Unitholders other
than Dissenting Unitholders, and by paying such amount to the Dissenter Trustee in the case
of Dissenting Unitholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(q)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each issued and outstanding whole Unit held by a Unitholder at the Effective Time (including
Units held by Dissenting Unitholders that have exercised their Dissent Rights but excluding
Special Units held by the Residual Beneficiary) will be purchased by Fording for cancellation
from the Unitholder without any further act or formality and free and clear of all
encumbrances (other than obligations in respect of Dissent Rights in the manner set out in
Article&nbsp;4) in consideration of the payment by Fording to the Unitholder in respect of each
Unit then held of an amount per Unit equal to 0.001 of a Purchaser Share with such amount to
be paid to the Unitholder in the case of Unitholders other than Dissenting Unitholders, and by
paying such amount to the Dissenter Trustee in the case of Dissenting Unitholders, and
thereafter all such Units will be cancelled and none of the former Unitholders (registered or
beneficial), Fording, the Fording Trustees, the Fording Directors, the Fording Subsidiaries,
Purchaser, Acquiror or any of their respective successors or assigns will have any rights,
liabilities or obligations in connection with such Units (other than the obligations in
respect of Dissent Rights in Article&nbsp;4); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(r)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All of the other assets of Fording following the completion of the steps comprising this Plan
of Arrangement, including the right to amounts under the Royalty accrued but not paid up to
the Effective Time and any other Acquired Assets not transferred to the Purchaser pursuant to
Section&nbsp;3.1(j), but excluding the rights of Fording under the Arrangement Agreement, will be
transferred by Fording to Purchaser with such transfer occurring as a reduction of the
consideration paid by Purchaser in respect of the purchase of assets pursuant to Section
3.1(j) hereof and in an amount equal to the fair market value of the assets transferred under
this Section&nbsp;3.1(r), and the reduction of the consideration will be allocated in the same
manner as described in Section&nbsp;3.1(j) hereof.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 12 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to the amendments to the Declaration of Trust described in the definition of &#147;New
Amended and Restated Declaration of Trust&#148;, the Declaration of Trust shall be, and shall be deemed
to be, amended to the extent necessary to facilitate the Arrangement and the steps and transactions
in this Plan of Arrangement concurrent with the occurrence of each of such steps and transactions.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 4<BR>
DISSENTING UNITHOLDERS</B></DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>4.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Dissenting Unitholders</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Unitholder shall have the right to dissent with respect to the Arrangement as provided in
Section&nbsp;191 of the Corporate Statute as though its Units were shares of a corporation governed by
the Corporate Statute, but as modified by the terms of this Plan of Arrangement and the Interim
Order, provided that:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>notwithstanding Section&nbsp;191(5) of the Corporate Statute, the written objection to the
Arrangement Resolution referred to in Section&nbsp;191(5) of the Corporate Statute must be received
by Fording not later than 5:00 p.m. (Calgary time) on the business day that is two business
days prior to the date of the Fording Meeting (as it may be adjourned or postponed from time
to time);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unitholders who duly exercise their Dissent Rights and who:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are ultimately entitled to be paid the fair value of their Units shall,
notwithstanding the provisions of Section&nbsp;191 of the Corporate Statute, be deemed to
have participated in the Arrangement on the same basis as a non-Dissenting Unitholder
and upon payment to the Dissenter Trustee (less any amounts withheld pursuant to
Section&nbsp;5.4 of this Plan of Arrangement) shall be deemed to have received and been paid
the amounts described in Sections&nbsp;3.1(k), 3.1(p) and 3.1(q) of this Plan of Arrangement
in respect of each Unit held, and shall be deemed to have transferred their Units free
and clear of all encumbrances to Fording concurrently with the transfer described in
Section&nbsp;3.1(q) of this Plan of Arrangement and will be entitled to be paid the fair
value of their Units, and will not be entitled to any other payment or consideration,
including any payment that would be payable under the Arrangement had such Unitholders
not exercised their Dissent Rights in respect of such Units; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are ultimately not entitled to be paid the fair value for their Units shall,
notwithstanding the provisions of Section&nbsp;191 of the Corporate Statute, be deemed to
have participated in the Arrangement on the same basis as a non-Dissenting Unitholder
and shall be deemed to have received and been paid the amounts described in Sections
3.1(k), 3.1(p) and 3.1(q) of this Plan of Arrangement in respect of each Unit held
(which payment shall be made out of the proceeds held by the Dissenter Trustee on the
same terms and conditions set out in Article&nbsp;5, less any amounts withheld pursuant to
Section&nbsp;5.4 of this Plan of Arrangement) and such Unitholder shall be deemed to have
transferred their Units free and clear of all encumbrances to Fording concurrently with
the transfer described in Section&nbsp;3.1(q) of this Plan of Arrangement.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 13 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any payment of fair value to which a Dissenting Unitholder is entitled shall first be made
out of the proceeds paid to the Dissenter Trustee (such payment to be made on a pro rata basis
to all Dissenting Unitholders) with any entitlement remaining balance to be paid to Purchaser.
Any amounts continuing to be held by the Dissenter Trustee shall, following such payments, be
paid to Purchaser. Purchaser shall have the right at any time to direct the Dissenter Trustee
to sell all or any part of the aggregate Share Consideration portion of such consideration
held by the Dissenter Trustee in such capacity at any time through a recognized stock exchange
and the proceeds after deduction of expenses shall be substituted for the Share Consideration
portion of the amount otherwise receivable under this Section.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition to any other restrictions in Section&nbsp;191 of the Corporate Statute, none of the
following shall be entitled to exercise Dissent Rights: (i)&nbsp;holders of Exchange Units; (ii)
holders of Phantom Units; and (iii)&nbsp;Unitholders who vote, or who have or have been deemed to
have instructed a proxy holder to vote, in favour of the Arrangement Resolution. The fair
value of the Units shall be determined as of the close of business on the last business day
before the day on which the Arrangement is approved at the Fording Meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>4.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Recognition of Dissenting Unitholders</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None of Fording, the Purchaser, the Acquiror, the Unitholders, the registrar and transfer agent in
respect of the Units or any other Person shall be required to recognize a Dissenting Unitholder as
a holder of Units from and after the Effective Time, nor as having any interest in Fording. The
names of Dissenting Unitholders shall be deleted from the register of holders of Units maintained
by the Fording at the same time as the event described in Section&nbsp;3.1(q).
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>4.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Dissent Rights Pursuant to the Declaration of Trust</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the avoidance of doubt, the Dissent Rights shall be in lieu of and not in addition to any
dissent or similar rights which Unitholders may have under the Declaration of Trust and any
purported exercise of any dissent or similar rights under the Declaration of Trust shall be void <I>ab
initio</I>.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 5<BR>
CERTIFICATES AND PAYMENTS</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Payment of Consideration</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On or before the Effective Date, in satisfaction of its payment obligations under this Plan
of Arrangement, Purchaser shall, in accordance with the Arrangement Agreement, deposit with
the Depository in escrow for the benefit of Securityholders (and the Dissenting Trustee), the
Securityholder Consideration and the amount payable under Section&nbsp;3.1(j)(ii). Upon surrender
to the Depository for cancellation of a certificate which immediately prior to the Effective
Time represented outstanding Units that were purchased for cancellation under this Plan of
Arrangement, together with a duly completed and executed Letter of Transmittal and such
additional documents and instruments as the Purchaser or the Depository may reasonably
require, the Unitholder of such surrendered certificate shall be entitled to receive in
exchange therefor, and Fording</TD>
</TR>

</TABLE>
</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 14 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shall cause the Depository to deliver to such Unitholder, a cheque (or other form of
immediately available funds) representing the Cash Consideration to which such Unitholder is
entitled under this Plan of Arrangement for such Units and, subject to Section&nbsp;5.3, a
certificate representing the Share Consideration to which such Unitholder is entitled under
this Plan of Arrangement for such Units, less any amounts withheld pursuant to Section&nbsp;5.4
of this Plan of Arrangement, and any certificate so surrendered shall forthwith be
cancelled. The cash deposited with the Depository shall be held in an interest-bearing
account, and any interest earned on such funds shall be for the account of Purchaser. Prior
to the time of surrender of any certificate which immediately prior to the Effective Time
represented Units, any dividends or other distributions declared or made with respect to the
Purchaser Shares to which such the former Unitholder is entitled with a record date on or
after the Effective Date will be made or paid to the Depository to be held by it in trust
for such holder. All monies so held in trust by the Depository shall be deposited in an
interest-bearing account and any interest earned on such funds shall be for the account of
Purchaser. Subject to applicable law and Section&nbsp;5.1(b), at the time a certificate is so
surrendered, there shall in addition to the delivery of a certificate representing Purchaser
Shares and the cash to which the applicable former Unitholder is entitled, be delivered to
such former Unitholder, without interest, the amount of the dividend or other distribution
with a record date after the Effective Date theretofore paid with respect to such Purchaser
Shares. The Depository shall transfer the Securityholder Consideration and the Final
Unitholder Distribution in respect of the Dissenting Unitholders to the Dissenting Trustee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Until surrendered as contemplated by this Article&nbsp;5, each certificate which immediately prior
to the Effective Time represented Units shall be deemed after the Effective Time to represent
only the right to receive upon such surrender the payments due under this Plan of Arrangement
in lieu of such certificate, as contemplated in this Plan of Arrangement, less any amounts
withheld pursuant to Section&nbsp;5.4 of this Plan of Arrangement. Any such certificate formerly
representing Units not duly surrendered on or before the Sixth Anniversary shall cease to
represent a claim by or interest of any former Unitholder of any kind or nature against or in
Fording, Purchaser or the Acquiror. On the Sixth Anniversary: (i)&nbsp;all cash to which such
former holder was entitled shall be deemed to have been surrendered and forfeited to Purchaser
for no consideration; and (ii)&nbsp;the certificates representing the Purchaser Shares to which
such former Unitholder was entitled shall be delivered to the Purchaser for cancellation and
shall be cancelled by the Purchaser and the interest of such former holder in the Purchaser
Shares, together with all entitlements to dividends and distribution thereon, represented by
such certificates shall be deemed to have been surrendered and forfeited to Purchaser for no
consideration.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On or as soon as practicable after the Effective Date, the Depository shall deliver on behalf
of Fording to each holder who immediately before the Effective Time was a holder of Exchange
Options, or a holder of Phantom Units as reflected on the books and records of Fording, a
cheque (or other form of immediately available funds) representing the cash which such holder
is entitled in accordance with Sections&nbsp;3.1(l), 3.1(m) and 3.1(n) and in the case of Section
3.1(m) also a certificate representing the Share Consideration portion of the Unit
Consideration against receipt of such documentation as the Purchaser or Fording may reasonably
require acknowledging the exercise and/or termination of the Exchange Options or Phantom
Units, as the case may be, held by such holder.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 15 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any payment made by way of cheque by the Depository on behalf of Fording that has not been
deposited or has been returned to the Depository or that otherwise remains unclaimed on or
before the Sixth Anniversary, and any right or claim to payment hereunder that remains
outstanding on the Sixth Anniversary shall cease to represent a right or claim of any kind or
nature and the right of the holder to receive the consideration for Exchange Options or
Phantom Units, as the case may be, pursuant to this Plan of Arrangement shall terminate and be
deemed to be surrendered and forfeited (in the case of Purchaser Shares, together with all
entitlements to dividends and distributions thereon) to Purchaser for no consideration.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Lost Certificates</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event any certificate which immediately prior to the Effective Time represented one or more
outstanding Units that were purchased pursuant to Section&nbsp;3.1(q) shall have been lost, stolen or
destroyed, upon the making of an affidavit of that fact by the Person claiming such certificate to
be lost, stolen or destroyed, the Depository will issue in exchange for such lost, stolen or
destroyed certificate, cash deliverable in accordance with such holder&#146;s Letter of Transmittal.
When authorizing such payment in exchange for any lost, stolen or destroyed certificate, the Person
to whom such cash is to be delivered shall as a condition precedent to the delivery of such cash,
give a bond satisfactory to the Purchaser and the Depository (acting reasonably) in such sum as
Purchaser may direct, or otherwise indemnify Purchaser and Fording in a manner satisfactory to
Purchaser and Fording, against any claim that may be made against Purchaser and Fording with
respect to the certificate alleged to have been lost, stolen or destroyed.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Fractional Purchaser Shares</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each fractional interest in a Purchaser Share, which would otherwise be distributed to a
registered Unitholder pursuant to Sections&nbsp;3.1(m), 3.1(n), 3.1(p) and 3.1(q) (after
aggregating all Purchaser Shares otherwise distributable to such registered Unitholder) will
be distributed to the Depository as agent for such registered Unitholder and each such
registered Unitholder will receive a cash payment in Canadian dollars equal to such registered
Unitholder&#146;s pro rata portion of the net proceeds after expenses received by the Depository
upon the sale of whole Purchaser Shares, representing an accumulation of all fractional
interests in Purchaser Shares to which all such registered Unitholders would otherwise be
entitled pursuant to Sections&nbsp;3.1(m), 3.1(n), 3.1(p)and 3.1(q), less any amounts withheld
pursuant to Section&nbsp;5.4.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Depository shall cause to be sold, on behalf of the affected Unitholders, all Purchaser
Shares described in Section&nbsp;5.3(a) through the facilities of any stock exchange upon which the
Purchaser Shares are then listed as soon as reasonably practicable following the Effective
Date on such dates and at such prices as the Depository determines in its sole discretion.
None of Fording, the Fording Trustees, the Fording Directors, the Fording Subsidiaries,
Purchaser, Acquiror, the Depository or any of their successors or assigns shall be liable for
any loss arising out of any such sales.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate net proceeds after expenses of such sales, less any amounts withheld pursuant
to Section&nbsp;5.4, shall be distributed by the Depository among the persons entitled to receive
same as provided in Section&nbsp;5.3(a) with amounts that would otherwise be</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 16 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>payable to Dissenting Unitholders payable
to the Dissenting Trustee. No dividend,
distribution, split or other change in the
capital structure of Purchaser will have
any effect on any Purchaser Shares
mentioned in Section&nbsp;5.3(a) and such
securities will not entitle the holder
thereof to exercise any rights as a
security holder of Purchaser.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>5.4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Withholding Taxes</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording, the Fording Subsidiaries , Acquiror and Purchaser (and the Depository and Dissenter
Trustee on behalf of Fording) shall be entitled to deduct and withhold from any amount payable
hereunder, all Taxes which any of Fording, the Fording Subsidiaries, Acquiror and Purchaser (and
the Depository and Dissenter Trustee on behalf of Fording), as applicable, are required to deduct
and withhold under any provision of Tax Laws. Any such withheld amounts shall be timely remitted
by Fording, the Fording Subsidiaries, Acquiror and Purchaser (and the Depository and Dissenter
Trustee on behalf of Fording), as applicable, to the appropriate Governmental Entity. All such
withheld amounts shall be deemed to have been paid to the applicable Securityholders hereunder and
shall be deemed to be of the same quality and nature in respect of a Securityholder as the payment
from which the deduction and withholding was made.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 6<BR>
AMENDMENTS</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Amendments</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fording reserves the right to amend, modify and/or supplement this Plan of Arrangement at any time
and from time to time prior to the Effective Time provided that any such amendment, modification or
supplement must be contained in a written document that is:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>filed with the Court and, if made following the Fording Meeting, approved by the Court;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>communicated to Unitholders in the manner required by the Court (if so required); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approved by the Purchaser.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effectiveness of Amendments Made Prior to or at the Fording Meeting</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any amendment, modification or supplement to this Plan of Arrangement may be proposed by Fording at
any time prior to or at the Fording Meeting (provided that the Purchaser shall have consented
thereto) with or without any other prior notice or communication, and if so proposed and accepted
by the Securityholders voting at the Fording Meeting (other than as may be required under the
Interim Order) shall become part of this Plan of Arrangement for all purposes.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>6.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effectiveness of Amendments Made Following the Fording Meeting</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any amendment, modification or supplement to this Plan of Arrangement that is approved or
directed by the Court following the Fording Meeting shall be effective only if: (i)&nbsp;it is
consented to by each of Fording and the Purchaser (in each case, acting reasonably); and (ii)
if required by the Court, it is consented to by holders of some or all of the Securityholders
voting in the manner directed by the Court.</TD>
</TR>

</TABLE>
</DIV></DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 17 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any amendment, modification or supplement to this Plan of Arrangement may be made following
the Effective Date unilaterally by the Purchaser, provided that it concerns a matter which, in
the reasonable opinion of the Purchaser, is of an administrative nature required to better
give effect to the implementation of this Plan of Arrangement and is not adverse to the
economic or financial interests of any former holder of Units, Exchange Options or Phantom
Units.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 7<BR>
FURTHER ASSURANCES</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>7.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Further Assurances</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notwithstanding that the transactions and events set out herein shall occur and be deemed to occur
in the order set out in this Plan of Arrangement without any further act or formality, each of the
parties to the Arrangement Agreement shall make, do and execute, or cause to be made, done and
executed, all such further acts, deeds, agreements, transfers, assurances, instruments or documents
as may reasonably be required by any of them in order to further document or evidence any of the
transactions or events set out herein.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>&#091;Remainder of page intentionally left blank.&#093;</B>

</DIV>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SCHEDULE &#147;B&#148;</b></DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><b>CONSENTS AND APPROVALS</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Canada Transportation Act Filing and Approval</U> &#151; Notification of the Transaction
provided to the Minister of Transport pursuant to section 53.1(1) of the Canada Transportation
Act (the &#147;<B>CTA</B>&#148;) and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Minister of Transport within 42&nbsp;days of receiving notification of the
Transaction gives notice pursuant to section 53.1(4) of the CTA of his opinion that the
Transaction does not raise issues with respect to the public interest as it relates to
national transportation; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Governor in Council approves the Transaction pursuant to Section&nbsp;53.2(7) of
the CTA.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>European Commission Filing and Approval</U> &#151; Notification to the European Commission
provided pursuant to Article&nbsp;4(1) of the EC Merger Regulation (Council Regulation&nbsp;139/2004/EC)
and a clearance decision shall have been issued by the European Commission under either
Article&nbsp;6(1)(a), Article&nbsp;6(1)(b) or Article&nbsp;6(2) of the EC Merger Regulation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Further Competition Pre-merger Filings and Approvals</U> &#151; Notifications, applications
and filings to and receipt of approvals and clearances from the
applicable Governmental Entity
or other responsible authority pursuant to merger control legislation in each of the following
countries:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Brazil;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>People&#146;s Republic of China (China);</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Japan;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Republic of Korea (South Korea); and</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Turkey.</TD>
</TR>

</TABLE>
</DIV>

</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->



<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SCHEDULE &#147;C&#148;</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>MATERIAL PURCHASER ENTITIES</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>AurCay Holdings Inc.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Canada Tungsten (Cayman) Inc.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teck Financial Ltd.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teck Base Metals Ltd.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teck Cominco Metals Ltd.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teck Cominco Coal Partnership</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cominco Mining Partnership</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teck Cominco American Incorporated</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Teck Cominco Alaska Incorporated</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Highland Valley Copper Partnership</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fort Hills Energy Limited Partnership</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compania Minera Quebrada Blanca S.A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Carmen de Andacollo S.A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compa&#241;&#237;a Minera de Antamina S.A.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3
<SEQUENCE>4
<FILENAME>o41426exv3.htm
<DESCRIPTION>EX-3
<TEXT>
<HTML>
<HEAD>
<TITLE>exv3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;3</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">July&nbsp;29, 2008
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><I>STRICTLY CONFIDENTIAL</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Golden Apple Income Inc.<BR>
5650 Yonge Street<BR>
Toronto, Ontario<BR>
M2M 4H5

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#151; and &#151;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ontario Teachers&#146; Pension Plan Board<BR>
5650 Yonge Street<BR>
Toronto, Ontario<BR>
M2M 4H5

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Sirs:
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Re: Fording Price Protection</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned refer to the Unit Purchase Agreement dated as of September&nbsp;23, 2007 pursuant
to which Teck Cominco Metals Ltd. purchased 16,650,000 units of Fording Canadian Coal Trust from
Golden Apple Income Inc. (the &#147;Agreement&#148;). Capitalized terms used in this letter and not
otherwise defined have the meanings ascribed to those terms in the Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned hereby agree to amend the Agreement as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;2.3(a) is amended by deleting the phrase immediately after subparagraph
2.3(a)(ii) and replacing it with the following:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;(any such transaction being a &#147;PRICE PROTECTION TRANSACTION&#148;) then within five Business
Days following the completion of the Price Protection Transaction (or the completion of of a
Price Purchase Transaction that was offered, proposed or publicly announced during the Price
Protection Period by Purchaser, any of its Affiliates, or any Person acting jointly or in
concert with Purchaser, as the same may be amended, extended or varied), Purchaser will
pay, or cause an Affiliate to pay, to an account designated by Vendor a fee of
US$105,000,000 by wire transfer of immediately available funds.&#148;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;2.3(b) is deleted.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-2-
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;2.3 (f)&nbsp;is amended by deleting Section&nbsp;2.3 (f)&nbsp;in its entirety and replacing
it with the following:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;(f) If the unitholders of the Trust approve an arrangement or similar transaction
involving the sale of all or a majority of the assets of the Trust, directly or indirectly,
to Purchaser or an affiliate of Purchaser or any Person acting jointly or in concert with
Purchaser or any other Person that was announced or commenced during the Price Protection
Period (or such a transaction that was announced or commenced during the Price Protection
Period as the same may be amended, extended or varied) and that would provide to the Trust
consideration permitting the Trust to pay a distribution per Unit in excess of $36.00 per
Unit (an &#147;ASSET TRANSACTION&#148;), then within five Business Days following approval of the
Asset Transaction by the unitholders of the Trust, receipt of all necessary third-party and
regulatory approvals and satisfaction of any other material conditions precedent to
completing the Asset Transaction, and in any event prior to the record date for the
distribution by the Trust of any of the proceeds of the Asset Transaction to unitholders of
the Trust, Purchaser will sell 1,856,500 Units (the &#147;ADJUSTMENT UNITS&#148;) to Vendor for a
price per Adjustment Unit equal to the Purchase Price and otherwise on the terms set out in
this Agreement. If the record date for a full distribution of the proceeds of the Asset
Transaction in respect of the Units does not occur within sixty days of Vendor purchasing
the Adjustment Units from Purchaser, Vendor shall have the right (but not the obligation)
exercisable within 20 Business Days of the end of such sixty day period to require, on five
days written notice to Purchaser, Purchaser to repurchase from Vendor the Adjustment Units
for a price per Adjustment Unit equal to the Purchase Price and otherwise on the terms set
out in this Agreement (provided that any such notice to the Purchaser must be given not less
than 20 Business Days in advance of any record date then announced for a distribution by the
Trust). Nothing in this Section&nbsp;2.3(f) is intended to restrict Teck from effecting a
Transfer of Units to any Person prior to the vote of Fording unitholders referred to above,
provided that such Transfer is subject to section 2.4, if applicable. It is the intent of
this Section&nbsp;2.3(f) that Vendor should receive the economic benefit of an Asset Transaction
and should not be worse off than if the Asset Transaction had been a Price Protection
Transaction.&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If subsequent to the announcement of an Asset Transaction or a Price Protection Transaction, a
Person other than Purchaser, its Affiliates and Persons acting jointly or in concert with it
announces a proposal or an offer or an intention to acquire, directly or indirectly and together
with any Persons with whom it is acting in concert, beneficial ownership of more than 50% of the
Units, or of all or a majority of the assets of the Trust (a &#147;Competing Bid&#148;), and the Person that
proposed the Asset Transaction or Price Protection Transaction withdraws or terminates its offer,
proposal or proposed transaction, and Purchaser or any Affiliate or any Person acting jointly or in
concert with Purchaser Transfers any Units subsequent to such withdrawal or termination during the
currency of, or to, the Competing Bid, as the same may be amended, extended or varied, the Price
Protection Period shall be deemed to have continued (for the purposes of Section&nbsp;2.4) until and
including the date of such Transfer, provided that Purchaser shall not be required to pay more than
an aggregate of US$105,000,000 pursuant to Section&nbsp;2.4.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-2-
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that neither an Asset Transaction nor a Price Protection Transaction has been
announced on or before July&nbsp;31, 2008, this letter agreement shall be null, void, and of no further
effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event there is any conflict or inconsistency between the provisions of this letter
agreement and any of the provisions of the Agreement, the provisions of this letter agreement shall
prevail. Except as expressly amended by this letter agreement, the Agreement remains in full force
and effect, unamended.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This letter agreement shall be construed, interpreted and enforced in accordance with, and the
respective rights and obligations of the parties shall be governed by, the laws of the Province of
Ontario and the federal laws of Canada applicable therein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To signify your agreement to the foregoing, please sign and return a copy of this letter.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="3" align="left">
Yours very truly,<BR><BR>
TECK COMINCO METALS LTD. and<BR>
TECK COMINCO LIMITED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>
</TR><TR>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter C. Rozee
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Peter C. Rozee&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><I>Senior Vice President, Commercial Affairs</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Agreed to this 29th day of July, 2008:<BR>
<BR>
<B>Golden Apple Income Inc.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ John Sheedy
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">
<B>Ontario Teachers&#146; Pension Plan Board</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ John Sheedy
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>5
<FILENAME>o41426exv4.htm
<DESCRIPTION>EX-4
<TEXT>
<HTML>
<HEAD>
<TITLE>exv4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;4</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>CONFIDENTIALITY AGREEMENT</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>STRICTLY PRIVATE AND CONFIDENTIAL</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">July&nbsp;29, 2008

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Teck Cominco Limited<BR>
Suite&nbsp;600<BR>
200 Burrard Street<BR>
Vancouver, British Columbia<BR>
V6C 3L9

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Attention:</TD>
    <TD>&nbsp;</TD>
    <TD>Peter Rozee<br>
Senior Vice President, Legal Affairs</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Sirs &#038; Mesdames:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with your interest in a possible negotiated transaction with Fording Canadian Coal
Trust (the &#147;<B>Trust</B>&#148;) or its affiliates to acquire substantially all of its assets or a similar or
alternative form of transaction (the &#147;<B>Transaction</B>&#148;), we have agreed to furnish or cause to be
furnished to you certain information which is non-public, confidential, personal or proprietary in
nature (&#147;<B>Information</B>&#148;), including personal information (as defined in the <I>Personal Information
Protection Act </I>(British Columbia) and the <I>Personal Information Protection Act </I>(Alberta), as
applicable) (&#147;<B>Personal Information</B>&#148;). In this agreement, the terms &#147;you&#148; and &#147;your&#148; mean Teck
Cominco Limited and any affiliate of yours which may be a party to the Transaction, and the terms
&#147;we&#148;, &#147;our&#148; and &#147;us&#148; mean the Trust and its affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The term &#147;Information&#148; includes the following information disclosed to you by the Trust or its
affiliates pursuant to this agreement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any information of whatever nature or form relating to the Trust or its
affiliates or any customer of or supplier or lender to the Trust or its affiliates
regardless of whether the Information was communicated orally, in writing, by
electronic transmission or otherwise; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any analysis, compilation, study or other document or record in any form that
contains or otherwise reflects or has been generated, wholly or partly, or derived from
such Information (&#147;<B>Derivative Information</B>&#148;).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD colspan="3">In consideration of and as a condition to the receipt of Information, you have agreed to the
following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Information will be kept confidential and, subject to paragraph 3 and paragraph 12, will
not, without our prior written consent, be disclosed by you in any manner whatsoever, in whole
or in part, and will not be used by you, directly or indirectly, for any purpose other than
evaluating the Transaction and, if applicable, negotiating its</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 2 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>terms. You will not use the Information so as to obtain any commercial advantage over us, or
in any way which is, directly or indirectly, detrimental to us.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#091;Intentionally Deleted&#093;</B>.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You may reveal the Information only to your affiliates, agents, representatives, lenders, and
your and their advisors (including lawyers, accountants and financial and technical advisors),
controlling persons, directors, officers and employees (each a &#147;<B>Representative</B>&#148;) who need to
know the Information for the purposes of evaluating the Transaction, who are informed by you
of the confidential nature of the Information and who are directed by you to hold the
Information in the strictest confidence. You will take precautions or measures as may be
reasonable in the circumstances to prevent improper use or disclosure of the Information by
your Representatives and will be responsible for any breach of this agreement by any of your
Representatives. Without limiting the generality of the foregoing, you agree that neither you
nor any of your Representatives shall directly or indirectly discuss with or offer to any
third party any debt, equity, co-investor, joint venture or similar position or potential
position (other than pursuant to commercial borrowings from arm&#146;s length lenders, normal
course debt syndication activities and equity issuances by you) in any possible Transaction or
any joint acquisition by you and such third party without the prior written consent of the
Chairman of the Trust, provided that for certainty, this sentence shall not limit any
discussions between you and your financial and other advisors or third parties in connection
with potential public offerings of debt or equity securities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to paragraph 12, the last sentence of this paragraph 4 and Appendix &#147;A&#148;, without the
prior written consent of the other party, each party agrees it will not disclose or permit its
Representatives to disclose to any person the fact that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Information has been made available,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>this agreement has been entered into,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discussions or negotiations are taking place or have taken place concerning a
possible Transaction, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any of the terms, conditions or other facts with respect to the foregoing,
including the status thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition, nothing in the foregoing shall limit our ability to conduct confidential
discussions with other parties regarding a Transaction; provided, however, that, without
your consent, we will not disclose to any such party that we have entered into this
agreement with you, or the content of this agreement, or that we are engaging in discussions
with you, or the content of such discussions. Notwithstanding the foregoing, either party
may disclose any of the foregoing in the event that it is advised by its external counsel
that it is legally compelled or required to do so, or in the case of the Trust, in
circumstances where we are required to disclose the parties with whom we have entered into
confidentiality agreements and other agreements containing standstill obligations in
connection with any representations, warranties or covenants to be made</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 3 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by us in any definitive support or acquisition agreement entered into with another party in
connection with a Transaction.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You agree that (a)&nbsp;all communications regarding the Transaction, (b)&nbsp;requests for additional
Information, and (c)&nbsp;discussions or questions regarding procedures with respect to the
Transaction, will be submitted or directed to our financial advisors, RBC Capital Markets (to
the attention of Mr.&nbsp;Stephen McPherson, telephone: 416-842-7693,
e-mail: <U><I>stephen.mcpherson@rbccm.com</I></U>). Accordingly, you agree that you will not
contact or communicate with any officer, trustee, director, employee or agent of the Trust
or its affiliates (in their capacity as trustees, directors, officers, employees or agents
of the Trust or its affiliates) concerning the Information or the Transaction, except as
expressly directed by the Trust. We acknowledge that you may continue to communicate with
employees of Elk Valley Coal Partnership who are also officers of the Trust in their
capacity as employees of Elk Valley Coal Partnership in connection with the operation of
that partnership and with trustees and directors who are nominated by you.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You agree that we will retain our proprietary rights (as applicable) in the Information
disclosed to you and the disclosure of such Information shall not be deemed to confer upon you
any rights whatsoever in respect of any part thereof. Any trade secrets included in the
Information will also be entitled to all of the protections and benefits under applicable
trade secret law.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a party determines that it does not wish to be involved in the Transaction, it will
promptly advise the other party of that fact. In such event, all copies of the Information
will be returned to us promptly upon our request, except for that portion of the Information
which consists of Derivative Information, which will be destroyed or permanently erased, and
you will so certify. If elected by you, rather than return all copies of Information, you
will destroy or permanently erase all copies of the Information and so certify.
Notwithstanding the foregoing, you shall have no obligation to erase any Information backed-up
electronically in accordance with your standard data protection protocol.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You will keep all Personal Information confidential at all times in accordance with the terms
of this agreement and will not use or disclose the Personal Information except for purposes of
evaluating the Transaction. You shall store the Personal Information properly and securely and
ensure that appropriate physical, technological and organisational measures are in place to
protect the Personal Information against unauthorized or unintended access, use or disclosure.
Notwithstanding paragraph 7, in the event that the Transaction is not consummated with you,
you shall return to us as soon as practicable, any and all records pertaining to Personal
Information.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term &#147;Information&#148; (excluding Personal Information) shall not include such portions of
the Information which: (a)&nbsp;are, or prior to the time of utilization or disclosure become
available to the public other than as a result of a disclosure by you or your Representatives;
(b)&nbsp;are received from an independent third party who, to your knowledge after reasonable
enquiry, had obtained the Information lawfully and was under no obligation of secrecy or duty
of confidentiality; (c)&nbsp;you can show were in your lawful possession before you received such
Information from us; (d)&nbsp;you can show were independently developed by you or on your behalf by
personnel without reference to the</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 4 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Information; or (e)&nbsp;is lawfully available to you or any of your affiliates as a partner of
Elk Valley Coal Partnership. The term &#147;Personal Information&#148; shall not include such portions
of the Personal Information which you can show were in your lawful possession before or
after you received such Personal Information from us.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You understand and acknowledge that none of the Trust or its affiliates or Elk Valley Coal
Partnership or its affiliates, or any of their respective advisors or any of the respective
officers, trustees, directors, employees, affiliates, partners, shareholders, agents,
representatives, advisors or controlling persons of the foregoing, is making any
representation or warranty, express or implied as to the accuracy or completeness of the
Information, and each of the Trust and its affiliates, Elk Valley Coal Partnership and its
affiliates, and any of their respective advisors and such other persons, expressly disclaim
any and all liability to you or any other person that may be based upon or relate to (a)&nbsp;the
use of the Information by you or any of the Representatives or (b)&nbsp;any errors therein or
omissions therefrom. You further agree that except as otherwise expressly agreed, you are not
entitled to rely on the accuracy and completeness of the Information and that you will be
entitled to rely solely on those particular representations and warranties, if any, that are
made to a purchaser in a definitive agreement relating to the Transaction when, as, and if it
is executed, and subject to such limitations and restrictions as may be specified in such
definitive agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You acknowledge and agree that subject to the terms and conditions of that amended and
restated agreement between us dated as of January&nbsp;1, 2007, and the amended and restated
partnership agreement of Elk Valley Coal Partnership, (a)&nbsp;the Trust is free to conduct the
process leading up to a possible Transaction as the Trust, in its sole discretion, may
determine (including, without limitation, by negotiating with any prospective buyer and
entering into a preliminary or definitive agreement without prior notice to you or any other
person), (b)&nbsp;the Trust reserves the right, in its sole discretion, to change the procedures
relating to your consideration of the Transaction at any time without prior notice to you or
any other person, to reject any and all proposals made by you or any of your Representatives
with regard to the Transaction, and to terminate discussions and negotiations with you at any
time and for any reason, and (c)&nbsp;unless and until a written definitive agreement concerning
the Transaction has been executed and delivered, neither party nor any of their respective
advisors or controlling persons will have any legal obligation or liability to the other of
any kind whatsoever with respect to the Transaction, whether by virtue of this agreement, any
other written or oral expression with respect to the Transaction or otherwise. For purposes of
this agreement, the term &#147;definitive agreement&#148; does not include an executed letter of intent,
nor does it include any written or oral acceptance of an offer or bid on your part. The
agreement set forth in this paragraph may be modified or waived only by a separate writing by
the Trust and you expressly so modifying or waiving such agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that you or any of your Representatives become legally compelled or are required
by regulatory authorities having appropriate jurisdiction to disclose any of the Information,
you will promptly provide us with written notice so that we may seek, at our expense, a
protective order or other appropriate remedy and/or waive compliance with the provisions of
this agreement. You will cooperate with us at our expense on a reasonable basis to obtain a
protective order or other remedy. In the event that such</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 5 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>protective order or other remedy is not obtained or we waive compliance with the provisions
of this agreement, or a protective order is not obtained prior to the time you or your
Representatives are legally compelled to disclose any of the Information, you will furnish
only that portion of the Information which you are advised by counsel is legally required
and will exercise reasonable efforts to obtain reliable assurance that confidential
treatment will be accorded the Information so furnished.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of you and we acknowledge that you and we are bound by and will observe strictly the
agreements and covenants set forth in Appendix &#147;A&#148; hereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You acknowledge that access by you or your Representatives to the Information may provide you
with material information concerning the Trust which has not been publicly disclosed.
Accordingly, you may be subject to applicable securities laws, including the securities laws
in Canada and the United States, which would restrict your ability to trade in any of the
Trust&#146;s securities. You acknowledge and agree that you are aware of such laws and agree to
fully comply with such laws.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No failure or delay by us in exercising any right, power or privilege under this agreement
will operate as a waiver thereof, nor will any single or partial exercise preclude any other
or further exercise of any right, power or privilege under this agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You shall indemnify and hold us harmless from any damage, loss, cost or liability (including
reasonable legal fees and the cost of enforcing this indemnity) arising out of or resulting
from any unauthorized use or disclosure of the Information or other breach of this agreement
by you or your Representatives.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You acknowledge that disclosure of the Information or other breach of this agreement may
cause serious and irreparable damage and harm to the Trust and that remedies at law would be
inadequate to protect against breach of this agreement, and you agree in advance to the
granting of injunctive relief in the Trust&#146;s favour for any breach of the provisions of this
agreement and to the specific enforcement of the terms of this agreement, without proof of
actual damages, in addition to any other remedy to which the Trust would be entitled.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This agreement shall be governed by, construed and enforced in accordance with the laws of
the Province of Alberta and the federal laws of Canada applicable in the Province of Alberta.
Each party irrevocably attorns to and submits to the non-exclusive jurisdiction of the courts
of the Province of Alberta with respect to any matter arising hereunder or relating hereto.
Notwithstanding the foregoing, the Trust shall be entitled to pursue injunctive relief in any
other appropriate jurisdiction.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, in any jurisdiction, any provision of this agreement or its application to any party or
circumstance is restricted, prohibited or unenforceable, such provision shall, as to such
jurisdiction, be ineffective only to the extent of such restriction, prohibition or
unenforceability without invalidating the remaining provisions of this agreement and without
affecting the validity or enforceability of such provision in any other jurisdiction and
without affecting its application to other parties or circumstances.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 6 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">20.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In this agreement, the terms &#147;affiliate&#148; and &#147;control&#148; have the respective meanings ascribed
thereto under the <I>Securities Act </I>(Alberta) and the term &#147;person&#148; is interpreted broadly to
include any governmental representative, authority, agency or instrumentality thereof or any
corporation, company, limited liability company, enterprise, association, joint venture,
trust, unincorporated organization, partnership, group or other entity or individual. For
purposes of this agreement, Elk Valley Coal Partnership and its subsidiaries shall not be
considered to be affiliates of the Trust.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">21.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice, consent or approval required or permitted to be given in connection with this
agreement (&#147;<B>Notice</B>&#148;) shall be in writing and shall be sufficiently given if delivered (whether
in person, by courier service or other personal method of delivery), or if transmitted by
facsimile:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to you at:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Suite&nbsp;600<BR>
200 Burrard Street<BR>
Vancouver, British Columbia<BR>
V6C 3L9<BR><BR>

Attention: Peter Rozee<BR>
Fax No.: (604)&nbsp;640-5355
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to the Trust at:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Michael Grandin<BR>
c/o Osler, Hoskin &#038; Harcourt LLP<BR>
2500, 450 &#151; 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> Street SW<BR>
Calgary, Alberta T2P 5H1<BR><BR>

Attention: Frank Turner<BR>
Fax No.: (403)&nbsp;260-7024
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any Notice delivered or transmitted as provided above shall be deemed to have been given and
received on the day it is delivered or transmitted, provided that it is delivered or
transmitted on a business day prior to 5:00 p.m. local time in the place of delivery or
receipt. However, if the Notice is delivered or transmitted after 5:00 p.m. local time or
if such day is not a business day at the recipient&#146;s address then the Notice shall be deemed
to have been given and received on the next business day. Both you and we may, from time to
time, change our respective addresses by giving Notice to the other in accordance with the
provisions of this paragraph 21.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">22.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This agreement contains the entire agreement between the parties concerning the subject
matter hereof, and no modification of this agreement or waiver of the terms and conditions
hereof will be binding unless approved in writing by the parties, or otherwise in accordance
with the terms of this agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">23.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This agreement will expire upon the earlier of: (i)&nbsp;the consummation by you of the
Transaction; and (ii)&nbsp;six (6)&nbsp;months from the date hereof.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 7 -<!-- /Folio -->

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">24.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This agreement shall not be deemed a commitment by either party to enter into any further
agreements.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">25.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This agreement may be validly executed in counterparts, each of which taken together shall
constitute one and the same agreement and each of which shall constitute an original.
Signatures to this agreement transmitted by facsimile transmission, by electronic mail in
&#147;portable document format&#148; (&#147;<B>.pdf</B>&#148;) form, or by any other electronic means intended to
preserve the original graphic and pictorial appearance of a document, will have the same
effect as physical delivery of the paper document bearing the original signature.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">26.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The parties hereto acknowledge that the Trustees of the Trust are entering into this
agreement solely in their capacity as Trustees on behalf of the Trust and the obligations of
the Trust hereunder shall not be personally binding upon the Trustees or any of the
unitholders of the Trust and that any recourse against the Trust, the Trustees or any
unitholder in any manner in respect of any obligation of the Trust arising hereunder or
arising in connection herewith or from the matters to which this agreement relates, if any,
including without limitation claims based on negligence or otherwise tortious behaviour, shall
be limited to, and satisfied only out of, the Trust&#146;s assets.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD colspan="3">Please indicate your agreement to the foregoing by signing and returning one copy of this letter to
us whereupon this letter will constitute a legally binding agreement between us with respect to the
subject matter hereof.</TD>
</TR>

</TABLE>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Yours truly,<BR><BR>
<B>FORDING CANADIAN COAL TRUST, by <BR>
its authorized signatory for and on behalf of <BR>
the Trustees</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Michael Grandin</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Michael Grandin</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chairman and Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Accepted
and agreed to as of July 29, 2008.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>TECK COMINCO LIMITED</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="67%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top" style="border-bottom: 1px solid #000000">/s/
Peter C. Rozee&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD colspan="2" align="left" valign="top">Peter C. Rozee</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD colspan="2" align="left" valign="top">Senior Vice President, Commercial
Affairs&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->- 8 -<!-- /Folio -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>APPENDIX &#147;A&#148;</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You agree that, for a period of 6&nbsp;months from the date of this agreement, unless you shall
have been specifically authorized, in advance, by the Chairman of the Trust, neither you nor
any of your affiliates will in any manner, directly or indirectly, alone or jointly or in
concert with any other person (including by providing financing to any other person):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>effect, publicly offer or propose to effect, or cause or participate in, or in
any way assist, any other person to effect, publicly offer or propose to effect, or
participate in:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any acquisition of any securities of the Trust (or acquisition
of beneficial ownership thereof) or rights or options to acquire any securities
of the Trust (or beneficial ownership thereof) including from a person other
than the Trust other than pursuant to the operation of the distribution
reinvestment plan of the Trust;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any tender or exchange offer, take-over bid, amalgamation, plan
of arrangement, merger, reorganization or other business combination involving
the Trust or its affiliates;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any recapitalization, restructuring, liquidation, dissolution,
or other extraordinary transaction with respect to the Trust or its affiliates;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the participation in any &#147;solicitation&#148; of &#147;proxies&#148; (as such
terms are used in the proxy rules of the U.S. Securities and Exchange
Commission) or consents to vote or otherwise with respect to any voting
securities of the Trust (except that for greater certainty you shall not be
restricted or prohibited from voting any securities of the Trust owned by you
in your discretion);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the making of any public announcement with respect to any
proposal for or offer of any extraordinary transaction involving the Trust or
any of its securities, affiliates or assets, provided that, if required by
applicable law, you may announce that discussions between us have terminated
and that you are not pursuing any such transaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other action, to seek to control or influence the
management, Trustees or policies of the Trust (except that for greater
certainty you shall not be restricted or prohibited from voting any securities
of the Trust owned by you in your discretion); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the formation, joining or in any way participating in a
&#147;group&#148; (as defined under the U.S. Securities Exchange Act of 1934, as amended)
with respect to the Trust; or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enter into any discussions or arrangements with, or assist, advise or encourage
any third party, act as a financing source for, or otherwise act jointly or in concert
with any other person, with respect to any of the foregoing.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><!-- Folio -->- 9 -<!-- /Folio -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the foregoing, nothing in the foregoing shall limit or restrict in any way
your ability to exercise your rights and obligations (including your rights of first offer)
under the amended and restated agreement made as of January&nbsp;1, 2007 between you and the
Trust, the amended and restated partnership agreement of Elk Valley Coal Partnership, as
amended and restated on January&nbsp;27, 2006, or the amended and restated governance agreement
dated August&nbsp;24, 2005 between, <I>inter alia</I>, you and the Trust. In addition, nothing in the
foregoing shall prohibit or limit you from making any disclosure required to be made by you
to the extent required by applicable law.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>You further agree during such 6&nbsp;month period not to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>request, directly or indirectly, that the Trust: (i)&nbsp;amend or waive any
provision of this Appendix (including this sentence), or (iii)&nbsp;otherwise consent to any
action inconsistent with any provision of this Appendix (including this sentence);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>take any initiative with respect to the Trust or its securities or assets or
those of its affiliates that might reasonably be expected to require the Trust or any
such affiliate to make a public announcement regarding:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such initiative,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any of the activities referred to in this Appendix, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the possibility of a transaction involving you or your affiliates.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the foregoing, in the event that any person not affiliated with the Trust or
you: (i)&nbsp;commences or publicly announces an intention to commence a transaction contemplated
by Section&nbsp;1(a)(i) through (vii)&nbsp;of this Appendix &#147;A&#148;; or (ii)&nbsp;enters into a written agreement
with the Trust to acquire, in any manner, including, without limitation, through an agreement
relating to an amalgamation, plan of arrangement, merger or other business combination or
through commencement of a tender or exchange offer or take-over bid, beneficial ownership of
more than 20% of the Trust&#146;s outstanding units or more than 20% of the Trust&#146;s assets on a
consolidated basis and determined by reference to the Trust&#146;s most recently filed financial
statements, the restrictions set out in Sections&nbsp;1 and 2 above shall no longer apply.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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